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ANNUAL REPORT OF THE

Secretary of the Treas
ON THE STATE OF • THE
FINANCES
FOR THE FISCAL YEAR
ENDED JUNE 30

1909

With Appendices

WASHINGTON
GOVERNMENT PRINTING OFFICE
1909







TREASURY

DEPARTMENT,

Document No. 2563.
Secretary.

2^^0

OON-TENTS.
Page.
ESTIMATES
,
ECONOMIES.
EQUIVALENT OP A B U D G E T
BONDS...
REHABILITATION OP THE CUSTOMS SERVICE
EPPICIENCY
RETIRING PENSIONS
CORPORATION T A X
T A R I F F BOARD
NATIONAL B A N K S
T R E A S U R Y P R I N T I N G OFFICE AND B I N D E R Y
DAILY STATEMENT. ,
T R E A S U R Y P E R M A N E N T STAFF
CONCESSIONS TO PUBLIC CONVENIENCE
B A N K I N G AND CURRENCY REFORM
CONTINGENT F U N D
FINANCES
•
R E C E I P T S AND DISBURSEMENTS, FISCAL Y E A R 1909

1
2
4
5
7
9
10
11
11
11
12
12
13
13
14
14
15
15

Ordinary receipts
Ordinary disbursements
Panama Canal receipts
Panama Canal disbursements
Public debt receipts
.Public debt disbursements
Summary

15
15
16
16
16
16
17

SECURITIES R E D E E M E D ON ACCOUNT OF SINKING F U N D
CONDITION OP THE T R E A S U R Y J U N E 30, 1909
C A S H I N THE T R E A S U R Y J U N E 30, 1909
COMPARISON OF R E C E I P T S , FISCAL Y'EARS 1908 AND 1909
COMPARISON OF D I S B U R S E M E N T S , FISCAL Y E A R S 1908 AND 1909
ESTIMATED ORDINARY R E C E I P T S , FISCAL Y E A R 1910
ESTIMATED ORDINARY DISBURSEMENTS, FISCAL Y E A R 1910
ESTIMATED ORDINARY R E C E I P T S , FISCAL Y E A R 1911
ESTIMATES FOR FISCAL Y'EAR 1911, AS SUBMITTED BY EXECUTIVE DEPARTMENTS
STATEMENT OF ESTIMATES OZ? APPROPRIATIONS FOR 1911 DECREASED UNDER A P PROPRIATIONS FOR 1910
E X H I B I T OF APPROPRIATIONS FOR 1910

17
18
18
20
21
25
25
26
26
28
29

Abstracts of reports of bureaus and divisions.
T R E A S U R E R .OF THE U N I T E D STATES

District of Columbia. .

33

•

35

COMPTROLLER OP THE CURRENCY
M I N T SERVICE

.-

Coinage
Profits on silver and minor coinage
Annual settlements
Purchase of silver
Transfer of gold coin from San Francisco
New York assay office
Minor assay offices
Earnings and expenditures
Assay office a t Salt Lake City, U t a h .
New design for the 1-cent piece
Annual assay commission
Medals
„„
Production of gold and s i l y e r . , , , , , . , . , , , , , , , , , , , , , , /




36
41

41
42
42
42
42
43
43
44
44
45
45
45
45

.,,....
ni

m(S

CONTENTS.

IV

INTERNAL R E V E N U E
B U R E A U OF ENGRAVING AND PRINTING
SUPERVISING ARCHITECT
PUBLIC H E A L T H AND MARINE-HOSPITAL SERVICE . :

Vaccine virus and antitoxins
Hygienic laboratory
Sanitary conference and advisor}^ board
National quarantine. . :
Medical inspection of immigrants
Service publications
Marine hospitals and relief
Expenditures
LIFE-SAVING SERVICE
R E V E N U E - C U T T E R SERVICE

Page.
45
46
47.
49

,

50
51
51
51
52
52
52
53

'.

53
57

•

Vessels
Control of regattas; seal islands
Removing dangers to" navigation
Transfer of Fort Trumbull
DIVISION OP LOANS AND CURRENCY

58
59
59
60
'.

60

Comparative statement showing changes in circulation
DIVISION OP ^ PUBLIC MONEYS
DIVISION OP BOOKKEEPING AND WARRANTS

State bonds and stocks owned b y the United States
Territory of Hawaii

60
.°

60
61

'..

SECRET-SERVICE DIVISION
DIVISION OF PRINTING AND STATIONERY

Printing and binding
Stationery.

61
61
61
62

62
63
Tables accompanying the report.

TABLE A.—Statement of the outstanding principal of the public debt of the
United States June 30, 1909
TABLE B.—Statement of the outstanding principal of the public debt of the
United States on the 1st of January of each year from 1791 to
1843, inclusive, and on the 1st of July of each year from 1843 to
1909, inclusive
'.
TABLE C.—Analysis of the principal of the public debt of the United States
from July 1, 1856, to July 1, 1909.
TABLE D .—Statement of the issue and redemption of loans and Treasury notes
and of deposits and redemptions in national-bank note account
(by warrants) for the fiscal year ended June 30, 1909
TABLE E.—Statement 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, 1909
TABLE F.—Sinking-fund account for fiscal year 1909
TABLE G.—Population, ordinary receipts, and disbursements of the Government from'1837 to 1909, exclusive of postal, and per capita of
the receipts and per capita of disbursements
TABLE H . — I n t e r n a l and customs receipts and expenses of collecting from 1858
to 1909
TABLE I.—Statement showing the ordinary receipts and disbursements of the
Government b^^ months; the legal-tender notes, net gold, and
available cash in the Treasury at the end of each month; the
monthly redemption of legal-tender notes in gold, and the
imports and exports of gold from July, r,896, to June, 1909,
inclusive
,
TABLE J.—Statement of receipts of the United States fr nn March 4, 1789, to
J u n e 30, 1909, b y calendar years to 1843, and b y fiscal years
(ended J u n e 30) from that time
.|
TABLE K.—Statement of disbursements of the United L tates from March 4,
1789, to J u n e 30, 1909, by calendar years to 1843, and by fiscal
years (ended J u n e 30) from that time
TABLE L.—Receipts and disbursements of the United States, fiscal years 1856
to 1909, inclusive
,




69

83
84
88
89
98
99
100

101
106
110
114

CONTENTS.

^

V
Page.

TABLE M.—Statement of the coin and paper chculation of the United States
from J.860 to 1909, inclusive, with amount of chculation per
capita
TABLE N.—Statement of United States bonds and other obligations received
and issued b y the Office of the Secretary of the Treasury from
N o v e m b e r l , 1908, to October 31, 1909
TABLE 0.—Statement showing the aggregate receipts, expenses, average number of persons employed, and cost to collect internal revenue
in the several collection districts during the fiscal year ended
J u n e 30, 1909
TABLE P.—Statement of customs business for the fiscal year ended June 30,
1909
R E P O R T OF THE T R E A S U R E R

Revenues and expenditures for 1908 and 1909
Revenues and expenditures for the first quarter of 1909 and 1910
The Panama Canal
.o
Receipts and disbursements on account of the Post-Office Department
Transactions in the public debt
The public debt, 1908, 1909, and first quarter of 1910
Purchase of certificates of indebtedness
Redemption of certificates of indebtedness
Matured bonds not presented for redemption.
The reserve and trust fundsRedemption of notes in gold
State of the Treasury, general fund—cash in the vaults
Net available cash balance, 1900 to 1909
Gold in the Treasury from 1900
Bonds held as security for national-bank circulation and deposits
Withdrawal of bonds to secure circulation
National banks designated as depositaries
•
,
Classification of depositaries b y States and sections
Public deposits in national banks
:
Unavailable funds of the General Treasury
The monetary stock, 1908, 1909, and first quarter of 1910.
Ratio of gold to total stock of money
Money in c i r c u l a t i o n . , . . ,
Circulation and population
.Condition of the United States paper currency
United States notes
Treasury notes of 1890
Gold certificates
Silver certificates
..:
Changes in denominations during fiscal year 1909
Denominations outstanding September 30, 1909
Ratio of small denominations to all paper
Cost of paper currency
Average life of paper currency
Paper currency prepared for issue and amount issued.
Paper currency redeemed
«
Standard silver dollars
. Subsidiary silver coin
Minor coins. .
:
Transfers for deposits in New York—money for moving the crops..
Gold deposits in mints and assay offices, 1907, 1908, and 1909..'.
Transfer of gold from San Francisco
Shipments of currency from Washington, 1908 and 1909
The recoinage, 1908 and 1909
Redemption and exchange of all kinds of money
Redemption of national-bank notes
Spurious issues detected in the fiscal y e a r . . . . . ^
Special trust funds and changes therein during the fiscal year
District of Columbia sinking fund
Increase of salaries
Rethement of employees grown old in the service




122
123

123
125

133-253

133
134
134
134
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136
137
137
137
137
137
138
139
140
140
142
142
143
"144
145
146
147
148
148
149
149
150
150
151
151
152
152
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153
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156
157
158
160
164
164
164
165
165
166
167
167
168
J 68
169

VI

,

CONTENTS.
Tables accompanying the report of the Treasurer.

No. 1. -Revenues and expenditures for the fiscal year 1909.. „..^
No. 2. - N e t ordinary revenues and expenditures for each quarter of the fiscal
year 1909
No. 3. -Receipts and expenditures on account of the Post-Office Department
for the fiscal year 1909
No. 4. -Post-Office Department warrants issued, paid, and outstanding for the
fiscal year 1909
,
-.
No. 5. -Receipts and disbursements of each kind of money on all accounts at
the Treasury in Washington for the fiscal year 1909
No. 6. -Receipts and disbm-sements of each kind of money on all accounts at
the subtreasury. in Baltimore for the fiscal year 1909
No. 7. -Receipts and disbursements of each kind of money on all accounts at
the subtreasury in New York for the fiscal year 1909
No. 8, -Receipts and disbursements of each kind of money on all accounts at
the subtreasury in Philadelphia for the fiscal year 1909
No. 9. -Receipts and disbursements of each kind of money on all accounts at
the subtreasury in Boston for the fiscal year 1909
No. 10. -Receipts and disbursements of each kind of money on all accounts at
the subtreasury in Cincinnati for the fiscal year 1909
No. 11, -Receipts and disbursements of each kind of money on all accounts at
the subtreasury in Chicago for the fiscal year 1909
No". 12, -Receipts and disbursements of each kind of money on all accounts at
the subtreasury in St. Louis for the fiscal year 1909
No. 13. -Receipts and disbursements of each kind of money on all accounts at
the subtreasury in New Orleans for the fiscal year 1909.
No. 14. -Receipts and disbursements of each kind of money on all accounts at
the subtreasury in San Francisco for the fiscal year 1909
No. 15. -Total receipts and disbursements of each kind of money on all accounts
at the Treasury offices for the fiscal year 1909
No. 16. -Assets and liabilities of the Treasury offices, June 30, 1909
No. 17, -Assets of the Treasmy in the custody of mints and assay offices, June
.30, 1909
No. 18. -General distribution of the assets and liabihties of the Treasmy
No. 19. -Distribution of the GenerakTreasury balance, June 30, 1909
No. 20. -Available assets and net liabilities of the Treasury at the close of June,
1908 and 1909
No. 21. -Assets and liabilities of the Treasury in excess of certificates and
Treasury notes at the close of June, 1908 and 1909
No. 22. -Unavailable funds of the Treasury and Post-Office Department
No. 23, -Estimated stock of gold coin and bullion, the amount in the Treasury,
and the amount in circulation at the end of each month, from January, 1902
No. 24.—Estimated stock of silver coin, the amount in the Treasury, and the
amount in circulation at the end of each month, from January, 1902;
also sih^er, other than stock, held in the Treasury
No. 25.—United States notes, Treasury notes, and national-bank notes outstanding, in the Treasury, and in circulation at the end of each
month, from January, 1902
No. 26, -Gold certificates and silver certificates outstanding, in the Treasury,
and in circulation at the end of each month, from January, 1902...
No. 27, -Estimated stock of all kinds of money at the end of each month, from
January, 1902.
No. 28, -Estimated amount of all kinds of money in circulation at the end of
each month, from January, 1902
No. 29, -Assets of the Treasury- other than gold, silver, notes, and certificates at
the end of each month, from January, 1903
No. 30, -Assets of the Treasury at the end of each month, from January, 1903..
No. 31, -Liabilities of the Treasury at the end of each month, from January,
1903
No. 32. -United States notes of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 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




171
171
172
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174
175
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177
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180
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182
183
184
185
186
186
187
187
188
189
194
199
204
209
210
212
213
214
215
217
218

CONTENTS.

VII
Page.

No. 35.—Silver certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1902
• 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 1902
No. 37.—Amount of paper currency of each denomination outstanding at the
close of each fiscal year, from 1902
,
No. 38.—Old demand notes of each denomination issued, redeemed, and outstanding June 30, 1909
No. 39.—Fractional currency of each denomination issued, redeemed, and outstanding June 30, 1909
No. 40.—Compound-interest notes of each denomination issued, redeemed, and
outstanding June 30, 1909
No. 41.—One and two year notes of each denomination issued, redeemed, and .
outstanding June 30, 1909
No. 42.—United States paper currency of each class, together with one and two
" year notes and compound-interest notes issued, redeemed, and outstanding June 30, 1909
No. 43.—United States notes and Treasury notes redeemed in gold, and imports
and exports of gold during each month, from January, 1903
No. 44.—United States notes and Treasury notes redeemed in gold, and imports
and exports of gold during each fiscal year, from 1895
No. 45.—Treasury notes of 1890 retired by redemption in silver dollars, and outstanding, together with the silver in the Treasury purchased by such
notes, for each month, from January, 1903
No. 46.—Transactions between the subtreasury and clearing house in New York
during each month, from January, 1903
1
No. 47.—Amount of each kind of money used in settlement of clearing-house
balances against the subtreasury in New York during each month,
from Januaiy, 1903
No. 48.—Shipments of silver coin from each office of the Treasury and Mint, from
J u l y l , 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 Treasury offices, and amount in
depositary banks, from 1789 to 1909
No. 51.—National banks designated depositaries of public moneys, with the
balance held September 30, 1909
.>.....
No. 52.—Number of national banks with semiannual duty paid, by fiscal years,
and number of depositaries with 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 1909, by national banks, in
each State and Territory
No. 54.—Receipts and disbursements of public moneys through national-bank
depositaries, b y fiscal years, from 1895
No. 55.—Seven-thirty notes issued, redeemed, and outstanding June 30, 1909.
No. 56.—Coupons from United States bonds and interest notes paid during the
fiscal year 1909, classified by loans
No. 57.—Checks issued for interest on registered bonds during the fiscal year
1909
No. 58.—Interest on 3.65 per cent bonds of the District of Columbia paid during
the fiscal year 1909
No. 59.—Refunding certificates, act of February 26,1879, issued, redeemed, and
outstanding
'
No. 60.—Public debt at the close of June, 1908 and 1909, and changes during .
theyear
No. 61.—United States bonds retired, from May, 1869, to June 30, 1909.^
No. 62.—Bonds and other securities retired for the sinking fund during the fiscal
year 1909, and total from May, 1869
No. 63.—Public debt, exclusive of certificates and Treasury notes, at the end of
each month, from January, 1903
:
No. 64.—Lawful money deposited in the Treasury each month of the fiscal year
1909 for the redemption of national-bank notes
No. 65.—Disbursements from redemption accounts of national banks each
month of the fiscal year 1909




219
221
223
225
225
225
225
226
226
227
228
229
230
231
231
232
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239
240
240
241
241
241
241
241
242
243
244
245
246
246

VIII

CONTENTS.
Page.

No. 66.—National-bank notes received for redemption from the principal cities
and other places each month of the fiscal year 1909, in thousands of
dollars
^
No. 67.—National-bank notes outstanding at the end of each month, and
monthly redemptions, from January, 1901
No. 68.—Redemptions and deliveries of national-bank notes each month of the
fiscal year 1909
No. 69.—Redeemed national-bank notes delivered from the Treasury each
month of the fiscal year 1909
No. 70.—Assets and. liabilities of the 5 per cent redemption fund of national
banks at the end of each month cf the fiscal year 1909
1
No. 71.—National-bank notes received for redemption from the 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 years, from 1895. ..'
No. 73.—Disposition made of the notes redeemed at the National Bank Redemption Agency, by fiscal years, from 1895
i...
No. 74.—Mode of payment for notes redeemed at the 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
the retirement redemption account, 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 the
fiscal year 1909, 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 1900, 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 1909 in the force employed in the Treasurer's office
No. 83.—Appropriations made for the force employed in the Treasurer's office,
and salaries paid during the fiscal year 1909
REPORT OF THE DIRECTOR OF THE M I N T . . i

'

247
247
248
248
248
249
249
249
250
250
250
251
251
252
253
253
253

255-387

Deposits of gold bullion
:
Deposits and purchases of silver
Recapitulation of gold and silver deposits
Deposits of gold since 1873
Deposits of silver since 1885
New designs for one-cent piece
Coinage of the United States
Recoinage of standard silver dollars
Recoinage of uncurrent silver coin
Coinage of the United States, weight and value since 1873
Coinage for the Philippine government
Recoinage of Philippine coins
Weight and fineness of Philippine coins
Coinage- for San Salvador
Bars manufactured
•.
Work of government refineries
'
,
Purchases of silver
Balances.of silver bullion
The course of silver
—
• Distribution of silver dollars
.Seigniorage on silver coinage
:
Earnings and expenditures, mints and assay offices
Appropriations and expenditures
Earnings and expenditures of refineries
'.
Appropriations and expenditures of the office of the Director of the Mint,
fiscal year 1909




246

255
257
258
259
260
261
261
261
261
262
263
263
263
265
265
265
266
269
270
270
270
271
271
2.72
273

CONTENTS.
R E P O R T OP T H E DIRECTOR OF THE MINT—Continued.

Classified statement of expenditures
Laboratory of the Bureau of the Mint
The assay and valuation of gold bullion
Proceedings of the assay commission, calendar year 1908
Operations of the mints of the United States:
Philadelphia, P a
San Francisco, Cal
New Orleans, La
Denver, Colo
'
Operations of the assay offices:
New York
Carson, Nev
Boise, Idaho
Helena, Mont
Charlotte, N. C
t
St. Louis, Mo
1... Deadwood, S. Dak
Seattle, Wash
Salt Lake City, Utah
•
Summary of operations
Bullion operations, legal allowance, and wastage, fiscal year 1909
Ingots made and coin condemned
^.
Wastage and loss on sale of sweeps and gains from operations
T
Receipts and disposition of gold bullion, 1909
-.;..>
Balances, receipts, and disbursements
;
Cost of maintenance
° Freight charges on bullion and coin
,;:
Movement of gold from port of New York
.
Net exports Uiiited States gold coin
Stock of money in the United States
Stock of gold and silver in the United States since 1873
United States gold coin in Canada
Gold and silver used in the industrial arts in the United States, 1908
Exchange of gold bars for gold coin and gbld bullion
World's industrial consumption of precious metals, 1908
Production of gold and silver in t h e United States in 1908
:
World's coinage, 1906, 1907, and 1908
World's coinage, by calendar years, since 1873
Foreign coins melted b y certain countries
•
United States coins imported and melted b y various countries
Recoinages of the world
Value of foreign coins
.\
Monetary statistics of foreign countries
'.

IX
Page.

274
274
• 275
286
289
295
300
304
308
311
311
312
313
314
315
315
318
320
320
321
321
322
323
323
324
324
325
325
327
327
327
330
330
330
331
332
332
333
333
334
336

Tables'a^ccompanying-the^report of ihe Director of the Mint.
1.—Domestic production, deposits and purchases of gold, by weight
338
2.—Domestic production, deposits and purchases of gold, by value
340
3.—Domestic production, deposits and purchases of silver, by weight
342
4.—Domestic production, deposits and purchases of silv'er, by value
344
5.—Bars manufactured, b y weight.
346
6.—Bars manufactured, b y value
346
7.—Coinage, fiscal year 1909
348
'8.—Uncurrent domestic coins, b y denominations and face values, received
from the Treasury and purchased over the counter
350
9.—Assets and liabilities, fiscal year 1909
352
10.—Earnings and expenditures, fiscal year 1909
354
15.—Summary of imports and exports
."
356
16.—Transit and transshipment of gold and silver
•
357
17.—Seigniorage on silver, fiscal year 1909
358
18.—:Average price of an ounce of gold in London and equivalent" value in
United States since 1870
:
359
19.—Bullion value of the silver dollar at the annual average price of silver from ?
1837
359
20.—Production of gold and silver in the United States since 1792, by y e a r s . . .
360
21.—Product of gold and silver in the world since 1860
361




X

CONTENTS.

22.—Coinage of nations, 1906, 1907, and 1908
23.—World's production of gold and silver, 1906, 1907, and 1908
24.^Production of gold and silver in the world since 1493, fine ounces and values
25.—Statements of expenditures, mints and assay offices, for supplies, 1909
26.—Authority for coining, changes in weight and fineness, and amount coined
of each coin.
'.
27.—Coinage of the United States from organization of mint
R E P O R T OF THE COMPTROLLER OF THE CURRENCY.

Division of loans
New bonds received
:
Schedules of interest
Bonds canceled
Bonds issued
Bonds issued and canceled during last ten years



374
376

389-482

Condition of national banks
Reserve held b y national banks
Classification of loans and discounts
Range and average money rates
State and other bonds owned b y national banks
Clearing-house transactions
Capital, surplus, and loans
:
Capital stock'Of national banks
United States bonds, etc
National-bank circulation.
Profit on national-bank circulation
Earnings and dividends of national banks
Expenses pf national banks
,
Organization of national banks
,.
Extension of corporate existence of national b a n k s . . .
Changes in titles of national banks
Voluntary liquidations
Special report of condition of banks in the United States
State, savings, private banks, and loan and trust companies
Consolidated returns from banks other than national
State banks
Savings banks of the United States
Mutual savings banks
Stock savings banks
Mutual and stock savings banks
:
Private banks
'
Loan and trust companies
:
Capital stock of banks in the United-States
^
Interest rates paid b y savings banks and by other banks on savings deposits.
Deposits in banks of the United States
Money held b y banks of the United States
Distribution of money in the United States
Loans of national an.d other banks
Bank resources
State and private bank failures
Banks and banking in the District of Columbia
Building and loan associations in the District of Columbia..'
Building and loan associations i n the United States
School savings banks
Banks and banking i n the island possessions— .
Philij)pines
•.
:
Hawaii
Porto Rico
Foreign banks of issue.
Savings banks of the world
Postal savings banks
Bank depositors guaranty laws
'.
Insolvent national banks
Amendments to the national bank act considered b y the National Monetary
Commission,
R E P O R T OP THE R E G I S T E R OF THE TREASURY

Page.
362
363
366
368

-

389
392
393
396
396
397
393
399
400
401
404
404
405
405
411
412
412
4l8
420
424
425
426
427
428
428
432
432
433
434
436
442
446
448
450
455
458
458
460
461
462
463
463
464
468
470
477
480
482

483-509

,

,.,.

483
484
484
485
485
486

CONTENTS.

XI

R E P O R T OP THE R E G I S T E R OP THE TREASURY—Continued.

Page.

Panama Canal loan
^
,.
Philippine Islands and city of Manila bonds
Three per cent certificates of indebtedness
Dividends of interest prepared on registered bonds
Interest checks declared during last ten years
Interest checks prepaid on registered bonds ...•.-»
Unissued bonds on hand
;
Bonds held by foreign insurance companies
District of Columbia coupon bonds redeemed
Packages received and sent
Summary statement showing disposition of bonds
Classification of ownership of registered bonds
Division of notes, coupons, and currency
Coupon bonds
Coupons
Place of payment, number, and amount of coupons received
Coupons received for registration
Interest checks
Place of payment, number, and amount of interest checks received
Interest checks received from fiscal years 1894-95 to 1908-9
Currency .
Old demand notes. United States notes, etc., received, etc
Amounts of various redeemed vouchers received, canceled, and destroyed.
Issue, redemption, and outstanding of various old issues
Classification, total number, and amount of redeemed vouchers
R E P O R T OF THE COMMISSIONER OF INTERNAL R E V E N U E

486
487
487
488
489
489
490
491
491
491
491
492
493
495
497
497
500
501
501
504
504
505
507
507
509

511-525

Receipts
1
511
Receipts i n large tax-paying States and districts
:
511
Cost of collecting t h e internal revenue
514
Special corporation excise t a x . . . . . .°
514
Receipts for first three months fiscal years 1909 and 1910 compared
514
Cost of collection . . . . 516
Expenditm-es from appropriation, '' withdrawal of denaturalized a l c o h o l " . . 516
Estimated expenses for next fiscal year
517
Salaries
,
517
Scale of salaries of collectors
:
518
Official force
518
Storekeepers, gaugers, etc
519
Internal-revenue receipts during the last two fiscal years compared
- 520
Withdrawals for consumption during the last two fiscal years c o m p a r e d . . . .
522
• Aggregate collections made and reported to t h e Commissioner ot Internal
Revenue during t h e fiscal year 1909
^
522
Amount of internal revenue collected in the several States, Territories, etc.,
that have been consolidated with other districts for the fiscal year 1909.. 524
Receipts for the past ten fiscal years
525




ANNUAL REPORT ON THE FINANCES.
TREASURY DEPARTMENT,

Washington., D, (7., December 6^ 1909,
SIR : I have the honor to submit the following report:
ESTIMATES.

The estimates of expenditures for the executive departments for the
fiscal year 1911, submitted herewith, are the result of great attention on the part of heads of departments. The consideration of
these estimates was taken up at an unusually early time and continued
until now. The aim has been to reduce them to as low amounts as
is practicable, in conformity with the policy of the Administration
to recognize practically the recent and present disparity between
revenues and expenditures, and to seek the necessary adjustment
through reduced expenditures on the one hand and needed revenues
on the other.
The total esti'mates for 1911, including the Naval building program,
are $684,132,197.21. Excluding the increase in the Panama Canal
estimates, the total estimates for 1911 show a decrease ol $57,244,493.89
under the appropriations for 1910. Including the increase in the
Panama Canal estimates, the total estimates for 1911 show a decrease
of $42,818,969.19 under the appropriations for 1910.
For the fiscal year 1910 the Naval building program was not included in the estimates submitted to the Congress. It is, therefore,
a matter of interest to note that when the Naval building program is
eliminated from the estimates for the fiscal 3^ears 1910 and 1911, the
total estimates for 1911 are $94,001,492.92 less than the total estimates
for the fiscal year ending June 30, 1910.
The increasing appropriations from year to year have become a
' recognized incident of the general growth of the Government's business, due to the growth of the country and the increase in the Government's occupations and undertakings. A summary of estimates,
therefore, which shows no increase over previous years means that a
large retrenchment has been made. This applies not only to the total
estimates of the department but to the estimates of its individual
branches. So that estimates showing a reduction of totals is a double
13518—FI 1909

1




1

2

REPORT ON T H E EINANCES.

retrenchment—a retrenchment of the actual amount reduced and a
retrenchment of the usual increase.
Th§ estimates submitted have no intentional exaggeration in them.
If at any previous time there was shown a tendency to exaggerate
estimates without an expectation of their full appropriation, the case
is now quite different. While the final authority in appropriations
rests with Congress, it is proper to present the estimates for the coming year as a careful measure of the actual and irreducible needs of
the Government.
The estimates of receipts, with their very long look ahead, are
always subject to many vicissitudes, and perhaps never more than
now, when the revenue results of the new tariff law are still largely
undetermined, when the new conditions affecting the internal revenue from distilled spirits and fermented liquors are still a factor,
and when the corporation tax is yet unexecuted. The estimates must
therefore be taken as the best under the circumstances.
For the fiscal 3^ear 1910, the ordinary receipts are estimated at
$648,000,000, and the ordinary disbursements at $682,075,620.12,
showing a deficit inordinary receipts of $34,075,620.12. When the
payments on account of the Panama Canal and the public debt are
added, the total deficit of the fiscal year 1910 is estimated at
$73,075,620.12.
The estimated ordinary receipts for 1911 are $672,000,000, and the
estimated ordinary appropriations $636,068,672.51, or a surplus in
ordinary receipts of $35,931,327.49. When the Panama Canal estimates for 1911 are added the surplus is turned into a deficit of
$12,132,197.21.
Since the Treasury has not at present, either in the banks or in its
vaults, materially more than a working balance, it will become necessary, in order to meet these deficits, to sell either bonds or certificates
of indebtedness. I n due course it would seem that it must be made
practicable to both estimate receipts, with a close approximation to
the actual, and to provide for their annual rise or fall by the introduction of some.flexible factors in our annual taxation. The hard
rigidity of the present revenue system, with its recurrent economical
agitations and its long intervals of fixity, with no annual adjustinentj
can not always satisfy the Government or the nation.
ECONOMIES.

I t is a favorable opportunity—partly created by the influence of
the deficit—to consider the Government's outgo, not alone in its
totals, but in its details, and to institute proper economies. The time
is clearly ripe for wise and judicious savings in federal expenditure ; and if this should be successfully accomplished there is a pros-




SECRETARY OF THE TREASURY.

3

pect that the example would influence the overhauling of state and
municipal expenditures, to the great advantage of the nation.
There are two classes of reductions in the present estimates. One
class is of those economies which result from an improved handling
of the Government work, and from cutting off expenditures which are
discovered to be avoidable without injury to the service or to the
people. These result from a close scrutiny, and this scrutiny of
course has, as it were, just begun, and must be a continuous process
to become completely effective. This class of economies is permanent
and undeniably wholesome.
The other class consists of postponements of expenditures which
can be delayed, in an effort to adjust immediate expenses and receipts.
Such reductions are not wholly permanent; but even in ,these cases
the more thorough scrutiny and consideration which they are receiving and the greater interest in proper saving and economy which
marks the present period will tend to economies and reductions.
I t would be a great mistake, however, as all will agree, to let this
epoch of economy discredit itself and come to an untimely end by
reason of losing the sense of difference between reductions of appropriations that we are better without and reductions of the appropriations that we are better with. Extravagance, waste, inefficiency,
and poor adininistration on the one hand, and too hurried or too
expensive development of governmental activities on the' other hand,
can afford savings to the advantage of. everybody; but it would be
unfortunate if the current impulses toward true and real economy
should go further and seek to curtail any of the wise instruments
of the Government which are or shall be demanded by the interests
of the people.
There is a tendency at the same time to overestimate the possible
reduction in appropriations through improved administration or
other distinctively executive retrenchments, and the reductions in
appropriations will be disappointing unless equal attention is given
to other important savings.
The departments should undoubtedly scrutinize every opportunity
for reduction of expenses of administration. I t will be necessary,
however, in order to effect full permanent reductions in appropriations to also take in hand every item of expenditure, and, among
others, as instances, the following: The heavy losses to the Govemment on second-class mail matter which require a discrimination
to be made between mail matter demanded by the interests of the
people and that which merely promotes private gain; the excessive
expenditures for public buildings which suggest the simple arrangement by which such buildings will be approved and ordered for the
needs of the public service only; the expenditures for public works;
and the expenditures for printing. In other words, in order to




4

REPORT ON THE EINANCES.

effect a real revision of the expenditures of the Government, it must
be a general revision, both of those appropriations which have their
initiative in the executive departments and of those that have their
initiative in the Congress.
THE EQUIVALENT OF A BUDGET.

The absence of anything like a budget in our Government has
undoubtedly led to a great deal of extravagant approjpriation.
Originally, no doubt, it was contemplated that a budget should.be
presented by the Secretary of the Treasury. And Alexander Hamilton began in that way. But the complete plan of a budget was never
fully realized, could not have lasted, and can not now be instituted.
The elements of financial responsibility of such a system as the
English have all been present, but the separation between the executive and legislative branches has prevented these elements from getting together. And, unfortunately, the responsibility for the adjustment of revenues and appropriations instead of drifting toward an
efficient system of legislative and executive cooperation, devised as
best it could be in our form of government, has drifted always toward an elimination of the responsibility of the executive branch.
I t finally came to the point where the executive had little or nothing
to say about the revenues, and where the executive estimates of
expenditures were constructed more or less for trading purposes with
the appropriation committees. On the other hand, the Congress,
into whose hands the control so largely came, was obliged to meet
these economic and business responsibilities with an organization
that made revenue questions necessarily political and partisan, and
which turned over the separate appropriation bills to a series of unrelated committees which were obliged to deal with them in singular
isolation. In neither house of Congress was there a corelation or
cooperation of these committees.
In this way the Government arrived at the farthest extreme from
a responsible budget. The demand for something better has undoubtedly arisen, and has already taken form in a marked attempt
on the part of the Congress to organize these important responsibilities. In March last there was incorporated in the sundry civil
appropriation bill the following provision:
Immediately upon the receipt of the regular annual estimates of appropriations needed for the various branches of the Government it shall be the duty
of the Secretary of the Treasury to estimate as nearly as may be the revenues
of the Government for the ensuing fiscal year, and if the estimates for appropriations, including the estimated amount necessary to meet all continuing and
permanent appropriations, shall exceed the estimated revenues, the Secretary
of the Treasury shall transmit the estimates to Congress as heretofore required
by law and at once transmit a detailed statement of all of said estimates to




SECRETARY OF THE TREASURY.

5

the President, to the end that he may, in giving Congress information of the
state of the Union and in recommending to their consideration such measures
as he may judge necessary, advise the Congress how, in his judgment, the
estimated, appropriations could with least injury to the public service be
reduced so as to bring the appropriations within the estimated revenues, or, if
such reductions be not in his judgment practicable without undue injury to
the public service, that he may recommend to Congress such loans or new
taxes as may be necessary to cover the deficiency.

Then followed the announcement of the President favoring a reduction in appropriations and an earlier and more thorough consideration of the estimates by the heads of the departments. It was determined that instead of the former system, by which each member
of the Cabinet had sent his own department estimates to the Congress
without any common consideration of all the estimates by the whole
Cabinet, the estimates of all the departments should be reported to
the President and the Cabinet and be considered by them with a view
to a relationship to the expected revenues. This was a decided step
towards a more rational dealing with these great questions.
Then came the action of the Senate appointing a Committee on
Expenditures, including the chairmen of the separate committees
having charge of appropriation bills, with a view of binding together
the work of these committees, and of having it all passed upon
together and in common, thus tending toward making the appropriations of Congress one appropriation instead of many. All of
this^ is the beginning of an organization of the fiscal responsibilities
of the executive and legislative branches of the Government. These
beginnings should be, and I believe will be, conserved and developed.
It is too early to say what final form this reorganization of the
fiscal responsibilities will take, but it is fair to hope that there will be
constant progress away frpm the extreme disorganization of the past.
Even if our country is rich it can not afford to be wholly unscientific
in its appropriations.
.

,

.

BONDS.

I respectfully recommend that the tax on bank circulation, secured
by United States bonds hereafter deposited, be continued at the rate
of one-half of 1 per cent per annum for circulation based on 2 per
cent bonds, but that the tax on circulation secured by United States
bonds hereafter deposited bearing rates of interest higher than 2
per cent shall be increased in exact proportion to the increase of the
rate of interest above 2 per cent. So that, for example, the tax on
circulation secured by 2^ per cent bonds would be 1 per cent per
annum, by 3 per cent bonds 1^ per cent per annum, and so on, it
being understood that the tax on circulation secured by existing bonds
bearing 3 or 4 per cent interest, and now on deposit to secure circulation, would not be affected.



0

REPORT ON T H E FINANCES.

This would complete the availability of the Panama bonds authorized by the law of August 5, 1909. These bonds, as the law now
stands, if issued at 3 per cent would have a much better circulation
privilege than the outstanding 2 per cent bonds, the tax being only
1 per cent; and their issue, therefore, would constitute a discrimination against the 2 percents that the Government could not justly
contemplate. The circulation privileges of any new issues should
certainly not be better than those of the 2 percents; but a parity
would, I think, be sufficient protection to make good for the time
being the imperative moral obligation of the Government to see
to it that the market value of these 2 percents does not unduly decline because of their abnormally low rate of interest.
At the same time it is desirable to thus complete the legislation
respecting the new authorization of Panama bonds, so as to carry out
the intention of Congress to make them available. The indebtedness
of the Panama Canal to the general fund of the Treasury now
amounts to $97,069,649.26 and the continuing outlay for construction
adds to the drain upon the general revenues. It is desirable that the
settlement of this account should be at least begun; and that the
expressed policy of the Government to pay the cost of the canal from
the proceeds of bonds in order that the next generation or two shall
share with this in the cost of the great enterprise, should be secured
and established. If the sale of any part of these bonds for the repayment pf the general fund should produce more cash than the Treasury balance needs there might be bought in .the market for the sinking fund some of the 2 per cent bonds. Such, a purchase—though
of no great amount^—should tend to keep the market price of these
bonds, now unduly depressed, above par—a favorable condition to
which the Government can not be indifferent. It might also have
effect as an approach toward some present elasticity in the national
bank currency. The 2 per cent bonds are nearly all held by the
banks, mostly as a basis for circulation; and the banks would face
so much loss in an attempt to dispose of them in addition to the
heavy sum, estimated at $25,000,000, which they have already lost
on them, that the influence of the situation is decidedly against the
retirement of circulation. The present condition of the national
bank circulation is therefore as unresponsive as it has ever been at
any time; and any influence, however limited, that should .tend to
relax this currency rigidity would be an advantage.
The introduction of the 3 per cent Panaina bonds and the withdrawal of even a small amount from the surplus of the 2 percents
would substitute for bonds that are almost wholly used as a basis for
circulation, bonds that might be used for circulation purposes if
there should be a real need for them, but which would have the advantage of a broad competition created by the demand of investors.



SECRETARY OF THE TREASURY..

7

The 2 per cent bonds as a basis for circulation have no elasticity, but
are practically stagnant and unchangeable in amount. Being at their
low rate of interest only desirable for circulation, there is no demand
for them in the market from investors; the banks can not buy and
sell them at will; and the effect is one of rigidity on their own part,
and rigidity of the currency created by them. Therefore even such
a slight change in the conditions as I suggest would be at least in
the right direction. '
If now the objection should be made that selling 3 per cent bonds
and buying 2 per cent bonds with the surplus part of the proceeds
would be increasing the Government's interest payments by 1 per cent
on that amount, the answer is that that would be one of the best
features of the transaction. It is, in my judgment, high time for the
Government to realize that it does not have a 2 per cent borrowing
power and has never had. No government, however rich, has a 2
per cent borrowing power. Possibly it would have been better never
to have issued 2 per cent bonds or bonds at any rate of interest below
the borrowing power of the Government in the open-investment market. By varying the tax on the circulation ^privilege the transaction
between the Government and the banks could be at the same net
rate of interest, whatever the bond rate might be. For instance, a
3 per cent bond with a payment of IJ per cent by the banks to the
Government for circulation and the 2 per cent bonds with one-half of
1 per cent circulation charge make precisely the same net rate between
the Government and the banks, to wit, IJ per cent. If, therefore, the
Government had issued 3 per cent bbnds instead of 2 per cent bonds, or
if it should do so now or at any time, it would, not change in any way
the "net interest result of its transactions with the banks; and such a
course would have the advantage of issuing bonds that investors would
want and which would have a broad and wholesome market. that
would aid materially in introducing elasticity in the currency. Even
if we were certain of^ a basic reform of our banking and currency
system at an early date, there would still be no. obj ection to affording
in this incidental way some relaxation of the present immovability
of the currency.
REHABILITATION OF THE CUSTOMS SERVICE.

The alarming revelations of the condition of the customs service
at the port of New York, which resulted from investigations started
during the last administration, confronted' the Treasury Department in March last with the necessity for still further^investigation
and for a general overhauling and rehabilitation of the service at that
port; and for a general inquiry into the condition of the customs
service as a whole. The revelations of the sugar customs frauds of the




8

REPORT ON T H E FINANCES.

American Sugar Eefining Company shoAved a long-continuing system
of corruption. For a period of years this system had been thoroughly
organized, involving one of the largest corporations of. the country
and necessarily a considerable number of men in the government
service. These frauds were so extensive and had b'een so intrenched
that over $2,100,000 has been paid to the Government since March 4
in acknowledgment of evaded duties. An instance of organized corruption of dimensions like these could not be treated as an isolated
case. Since this case was possible there must have been at that port
a wide-spread demoralization. The Treasury Department therefore
of necessity has given great attention to uncovering the actual conditions at New York, to bringing to punishment offenders who can be
reached, and especially to reforming and rehabilitating the service
and putting it upon a basis of decency, honesty, and efficiency.
There could not have been a more favorable time for undertaking
this important reform. The revelations made and proven were so
startling and impressive that opposition was silenced; and in this
silence the necessary, clear-cut measures could be carried out without
meeting serious obstructions.
I t soon developed that the frauds of the American Sugar Eefining Company, while perhaps the most important instances, were,
as had been apprehended, symptoms^ of a diseased condition, not
universal by any means, but almost general. And difficult as it
always is to sufficiently bring to light the facts of such a condition
to afford a basis for rehabilitation, this has been already largely
accomplished. Much has been discovered to afford an understanding of the situation, with the result of numerous seizures, of numerous
prosecutions made or projected, and df important and successful
beginnings of a complete rehabilitation. While the recovery of evaded
duties and the prosecution of individuals have been of large significance, the greatest asset to the Government of these disgraceful
conditions is the knowledge and the light which guarantee in time a
wholesome reorganization.
The study of the causes of the demoralization which has been
revealed is still incomplete, but the main causes are evident. I t
is clear, for instance, that the influence of local politics and politicians upon the customs service has been most deleterious, and has
promoted that laxity and low tone which prepare and furnish an
inviting soil for dishonesty and fraud. Unless the customs service
can be released from the payment of political debts and exactions,
and from meeting the supposed exigencies of political organizations,
big and little, it will be impossible to have an honest service for any
length of time.
, Any considerable share of the present cost of this demoralization to
the public revenues, to the efficiency of the service, and to public and



' SECRETARY OF THE TREASURY.

9

private morality is a tremendous amount to pay in mere liquidation
of the small debts of political leaders.
I t is also clear that the widespread disposition of returning American travelers to evade the payment of legal duties has greatly helped
to create the conditions which have become intolerable. Those Americans who travel abroad belong to the sections of the people which
most readily create public sentiment and are most responsible for it;
and the fact that in so many instances these travelers are willing to
defraud the Government out of considerable or even small sums
creates an atmosphere on the docks that strongly tends to affect the
morale of the entire customs service. And when to this is added the
frequent willingness upon the part of these responsible citizens to
specifically corrupt the Government's men, then ihe demoralization
is further accentuated.
Still another explanation of the influences which, through a series
of years, have worked toward the corruption of the service is the
determination or willingness of certain classes of importers to defraud the Government of as much of its duties as they can compass.
Some of these importers work through undervaluations, with which
the service has been in many instances unable to contend, and to
defeat which the present tariff law has introduced new methods of
administration. Others, as shown by recent court trials, work
through a combination of consignor, consignee, and customs officials.
And still others, as in the sugar frauds, disregard the foreign shipper and form a corrupt organization out of their own people and the
people of the Government.
All these revelations, and the efforts to carry the revelations further, the prosecutions and the reorganization, so far as it has gone,
have occupied but a few months. None of this difficult work is complete or nearly complete. I t has had to be carried on at the same
time with the usual business of the customs service. The Treasury
Department, having the firm support of the President, will continue
it without pause and will have, as it has had, the effective cooperation
of the Department of Justice. The undertaking is not primarily one
of punishment. Prosecutions are but unavoidable incidents of the
purpose to rehabilitate the service. We must have the facts and the
facts necessarily lead to prosecutions. But they will lead in the end
to the establishment of an administration of the customs service that
is fit for the government of a great nation.
EFFICIENCY.

The matter of efficiency in the administration of the Treasury
Department is also being inquired into. This is not an inquiry that
can be quickly concluded if it is to be productive of results. There
should be, of course, in every great executive organization, a constant



10

REPORT ON T H E FINANCES.

and almost automatic efficiency test with practical results; and in any
prosperous private business this obtains. But even then a periodical
set investigation is necessary, especially in government offices. I n
the inquiries now being made in the Treasury Department, there is no
further intention than the ordinary one of finding out whether the
work is done under the most effective system and with reasonable individual efficiency, or whether improvements can be made, having, of
course, in view the normal relation between efficiency and econoniy
and between efficiency and morale. The more efficiency you can secure
in system and in personnel the less the cost will be. The saving,
however, would show itself probably more in forestalling increases in
expenditure than in reducing present totals'; for the increase in public
business is as certain and unavoidable as the increase in the private
business of the country.
RETIRING PENSIONS.

Any inquiry into the efficiency of administration very soon involves
a consideration of a policy of civil service retiring pensions. And it
seems to me that the conclusion is unavoidable that a really efficient
service is out of the question without a method of honorably and
justly retiring persons whose efficiency is seriously impaired. I t is
quite true that the older clerks of the service are no more likely than
the younger clerks to be inefficient. Indeed, their experience and their
settled relations to the service could easily compensate for the lack of
some other personal equipment. But just as there are instances where
the younger clerks should be disciplined or dismissed so there are
many cases of the older clerks where, in justice to. both themselves
and the service, they ought to be honorably relieved.
The service is blocked in many instances by the unwillingness of
the officials in charge to throw out of place worthy men and women
who have given the best of their lives to the work of the Government.
So that, in a very imperfect and wholly unsatisfactory manner, practically a pension system is and long has been in operation.
The United States is the only nation that has no general legal
retiring, pension for the employees of its civil service. We have
this unique position in the world, along with a reputation for
great wealth and for otherwise liberal expenditures. The entire
civilized world has shown great and growing recognition of pensions or retiring allowances; and while the United States is
so far behind the rest of the world in civil pensions, it has
by far the largest pension list among .the nations. The war and
navy pensions are a recognized part of our policy; and in
the civil service pensions have been extended to the judiciary. And
though as a government we have halted at a general retiring allowance for civil employees, the great universities of our country and the



SECRETARY OF THE TREASURY.

11

great corporations have been taking immense steps along this very
line; and the Federal Government is becoming more and more isolated.
AVhile I have spoken only of the effect upon the service itself of the
lack of a system of retiring pensions, there are, as. everyone knows,
other claims upon the Government to establish this policy. I hope
that the Congress will take up and consider favorably one of the
various forms of law that are proposed. This subject has been before
the country and before the Government for a long while; and if the
policy were to be adopted at this time it would undoubtedly give a
strong impulse to that improvement of every branch of the service
which is now so much desired by the people and which is a matter
of so much interest to the Congress and to the Administration. In expressing my opinion in favor of the retiring allowance, I purposely
a-void the expression at this time of a preference for any particular
plan pr system.
T H E CORPORATION TAX.

There has been much discussion throughout the country as to what
would be taxed under the corporation-tax law and as to what form
of return would be adopted. I t could only be assumed by the Treasury Department that the single purpose of the law is to tax at 1 per
cent the actual net profits of a corporation, as net profits are commonly understood, and that the term " net income " was used in the
law instead of " net profits " in order that there might be no confusion
as to this—that net profits mean not merely the actual net earnings
from the operations of the business, but also net revenues received
from the corporation's investments and from all other sources. With
this controlling purpose of the law. clearly defined and adhered to,
it follows that the form of return must be strictly conformed to it,
and the terms of the law construed accordingly.
T H E T A R I F F BOARD.

The Tariff Board, authorized by Congress and appointed by the
President, has been organized and has entered upon its work. This
Board was authorized by the Congress to gather information to assist
the President, and also to gather information to assist the Treasury
Department in the adniinistration of the customs. The Board has
most ample authority; and I look forward with great confidence to
most important results in both branches of the Board's work, and to
the establishment of the Board in the confidence of the country.
T H E NATIONAL BANKS.

The improvement in the dealings of the office of the Comptroller
of the Currency with the national banks is going forward. The misconception of the purposes of the department respecting the responsibilities of bank directors has practically passed away. The purpose




12 .

REPORT ON THE FINANCES.

in this respect was and is to stimulate bank directors to a livelier and
more detailed sense of their active responsibilities, and to reawaken
in the department itself practical oversight of the relations of the
directors to the banks. I am confident that we shall have a very distinct and much-needed improvement in this very important factor
in the management of the national banks.
The improvement in bank examination is already considerably
advanced, and this critical function is sure to be better and better
performed. An essential feature of improved administration of the
function of bank examination is that the examiners themselves shall
be exclusively identified with the service. The practice has therefore
been adopted by the Treasury Department, with the approval of the
President, that no bank examiner after he has entered the service
shall take any part whatever in practical politics. The lessons of
the panic of 1907, following the other conspicuous experiences and
lessons of the department in recent years, brought into a stronger
light, along with the defects of the directorship system as then carried ori, the almost equal deficiencies of bank examinations. There is
ground for the assumption that with such examinations and such
responsible directorships as are now aimed at and partly achieved
the bank failures in New York which precipitated the panic would
have been foreseen and prevented.
The cooperation that is becoming established between the nationalbank examiners, the state-bank examiners, and the new order of
examiners of the clearing-house associations, and the more searching
and individualized study of examiners' reports at Washington, are
making the department's improved relations with the banks progressively effective.
THE TREASURY PRINTING OFFICE AND BINDERY.

The printing office and the bindery which were found established
in the Treasury building have been removed to the Government
Printing Office and there absorbed. The Treasury building has thus
avoided a decided fire hazard and secured much-needed additional
room, and the Government is saved some expense. The department
finds the new arrangement for its printing and binding very convenient and satisfactory, and the example is being used to enforce the
removal of all similar branch offices and the consolidation of all the
government printing and binding in the Government Printing Office.
THE DAILY STATEMENT.

The form of the Daily Statement of the Treasury was changed to
take effect on July 1 last, in order that the discrepancies should be
avoided which were due to the daily returns made to the Treasurer's
office and those made to the division of bookkeeping and warrants being taken independently and without reconcilement for the difference



SECRETARY OF THE TREASURY.

13

in their dates. The further and still more important purpose was to
separate the ordinary receipts and disbursements from the disbursements for the Panama Canal and the public debt, the latter inclusive
of money received and paid for the retirement of national-bank notes.
The new statement also gives a clearer understanding of the available cash in the Treasury and in the banks. I t contains other information that is of daily interest. I t will JDC possible, dpubtless, to further improve this statement at ariother time, but nothing more is^
necessary at this time. The statement has the advantage of drawing attention away from the grand total of appropriations to the
more actual cost of the administration of the Government, and to fix
attention upon those facts of our finances which need and which repay
the consideration of the Congress, of the Administration, and of the
public.
The exhibits of the year's finances on pages 15-17 of this report are
conformed to the practice of the Daily Statement.
T H E TREASURY P E R M A N E N T STAFF.

I am greatly impressed by the importance to the Government's
service of the permanent staff of the Treasury Department. Secretaries of the Treasury and Assistant Secretaries come and go, but
the pernianent staff continues. And with it persist the traditions
of the department, and upon it largely depends the standard of its
administration. Nothing is more important than that this permanent staff should be recruited from the very best available ability
in the country. I have no specific recommendations to make at this
time. At a later time I may wish to suggest to the Congress a revision of the salaries of some of those upon whom the Treasury
Department so greatly depends.
Nearly all members of this important staff except auditors are
already in the classified permanent service, and there seems to be no
good reason for this exception.
CONCESSIONS TO P U B L I C C O N V E N I E N C E .

The tendency to affiliate the subtreasuries with the clearing houses
of their localities is, I think, clearly in the right direction. There
seems to be no good reason why the, receiving and paying work of the
Government should not be on the lines of the receiving and paying
work of other business organizations, and so far as the discretion
lies with the Secretary -of the Treasury, I shall consider with great
interest suggestions for the adjustment of the ordinary paying and
receiving business of the Government to the convenience of the people.
I even hope for, arid I beg to suggest to the consideration of the
Congress, a reconsideration of the methods of the payment of customs
duties so that^ these transactions may cease to be so very inconvenient
and may conform themselves to the ordinary practices of business.



14

REPORT ON T H E FINANCES.

The spectacle should not be possible of a detail from the navy carrying $30,000 in cash through the streets of New York from the "subtreasury to the custom-house to pay duties on navy importations and
of a return trip from the custom-house by the representatives of the
collector back to the subtreasury with this same money, all because
the collector of customs could not legally accept a check of the Navy
Department upon the subtreasury.
BANKING AND CURRENCY REFORM.

I t is not necessary and not appropriate for the Secretary of the
Treasury at this time to discuss the plan of banking and currency
reform. The necessity for such reform is universally recognized,
and when the time is ripe it will be the duty of the Treasury Department to express its judgment. Meanwhile the initiative in this
important legislation was committed by the Congress to its Monetary
Commission, and until that commission has reported it will be the
policy of the department to preserve an open mind. The.question
has been and still is growing. The reform of our currency system has
enlarged itself into the reform of our banking and currency systems,
which brings into contemplation not merely the national banks, but
the state banks in their three divisions—commercial banks, trust
companies, and savings institutions. I t is to be'hoped that the extent and gravity of these broad readjustments.will induce a public
demand for calm and disinterested treatment of the issues and a public recognition of the profound importance of a rational, harmonious
agreement. Neither political partisanship nor special interest nor
pride of opinion should be allowed to obstruct a purely economic reform of such great significance to the nation in both its national and
international relations. The change, when it comes, and whatever it
may be, must be at any rate fundamentally right. I t is better by far
that there shall be no change whatever than that it shall be another
makeshift. We must have at least the beginning of a permanent
system. At present we have neither an adjustable currency nor
trustworthy surplus reserves, two absolutely essential features of any
banking system upon which the finances and the commerce of this
great nation can securely rest. To secure these essentials—to speak
of no others—the^looked-for reform must deal with fundamentals.
CONTINGENT FUND.

The Secretary of the Treasury is the head of a business whose
current expense accounts for mere administration foot up yearly to
the amount of $38,000,000. I t spends altogether $84,000,000, but
$38,000,000 are for mere operating expenses of the department. The
appropriations for these large expenditures are specifically dedicated.
I n handling the varied interests of this great business the Secretary



SECRETARY OF THE TREASURY.

15

of the Treasury has no contingent fund, and it would be greatly in
the interests of the service if one were provided to the extent, say, of
$100,000.
Every head of a private business has control of sufficient funds to
deal with contingencies and can, among other things, make such
investigations and studies of the business as are necessary to put and
keep it upon a progressive foundation. The interests of the Treasury
Department would be equally promoted if a similar discretion should
be given to the Secretary.
FINANCES.

I have the honor to now call attention to the following statements
showing receipts, disbursements, estimates, and the condition of the
Treasury:
'
E E C E I P T S AND DISBURSEMENTS.

Fiscal year 1909.
(See details in tables, pp. 20-25.)
The receipts and disbursements of the Government by warrants in
the fiscal year ended June 30, 1909, were as follows:
ORDINARY R E C E I P T S .

Customs
!
$300, 711,933. 95
Internalrevenue
246,212,643.59
Sales of public lands
7,700,567.78
Miscellaneous
$49,562, 707.44
Less difference arising in adjustment of moneys not covered by
warrants in the fiscal year of
deposit in Treasurer's cash
598,362. 92
48, 964, 344. 52
Total

$603,589,489.84
ORDINARY DISBURSEMENTS.

For civil establishment, including foreign intercourse, public buildings, collecting the revenues, District of Columbia, grants from the
Treasury for deficiencies in the postal revenues, $19,501,062.37, and miscellaneous expenses
$186,502,149.47
For military establishment, including rivers and
harbors, forts, arsenals, seacoast defenses, and
expenses on account of war with Spain and in
the Philippines, and miscellaneous
161,067,462. 39
For naval establishment, including construction
of new vessels, machinery, armament, equipment, improvement at navy-yards, expenses on
account of war with Spain and in the Philippines, and miscellaneous.
115,546, Oil. 09




16

REPORT ON THE FINANCES.

For Indian Service......
Forpensions
For interest on the public debt.

'.

$15,694,618.11
161,710,367.25
21,803,836. 46

Total

$662, 324,444. 77

Excess of ordinary disbursements over ordinary receipts...

58,734,954. 93

PANAMA CANAL R E C E I P T S .

Receipts (proceeds of bonds):
Principal of bonds
Premium thereon

$30,000,000. 00
731,008. 21

Total

$30,731,008. 21
PANAMA CANAL D I S B U R S E M E N T S .

Disbursements for canal

...:..

Excess of Panama Canal disbursements over receipts

31,419,442. 41
688,434. 20

PUBLIC D E B T R E C E I P T S . "

Gold certificates issued
Silver certificates issued
United States notes issued
National-bank note fund

1

$294,710,000.00
336,860,000.00
132,940,000.00
45,624,239. 50 ^
810,^34, 239. 50

Deduct certificates issued, $631,570,000, the cash
received therefor be'ing set aside in trust-fund
account for their redemption
Deduct United States notes issued, $132,940,000,
to replace a like amount of notes in kind retired.,
Total

764, 510,000. 00

,

45,624,239. 50

/'
PUBLIC DEBT D I S B U R S E M E N T S .

Gold certificates redeemed
Silver certificates redeemed
Treasury notes of 1890 redeemed
United States notes redeemed
Certificates of indebtedness redeemed
Funded loan of 1907 redeemed
National-bank note fund
Miscellaneous redemptions

-

$261,892,000.00
326,796,000. 00
767,000.00
132,940,000.00
14,186,500.00
1,208,200.00
89,562,083. 00
39, 987. Q
O

827, 391, 770. 00
Deduct certificates and notes redeemed fromV
trust funds pledged'therefor, $589,455,000
Deduct worn and mutilated United States nojbes > 722,395,000.00
redeemed but replaced by the issue of new
notes in kind, $132,940,000
Total
Excess of public debt disbursements over receipts




104,996,770.00
59,372,530.50

SECRETARY OF TPCE TREASURY.

17

Postal service:
Postal revenues
'
$203, 562, 383. 07
Postal service paid from postal revenues, exclusive of grants from the Treasury of
$19,501,062.37 for deficiencies in the revenues charged in expenses of civil establishment
203, 562, 383. 07
Total receipts, exclusive of postal
$679, 944, 737. 55
Total disbursements, exclusive of postal, except postal deficiency
by grants from the Treasury
798, 740, 657.18
Excess of all disbursements over all receipts

118, 795, 919. (

SUMMARY.

Ordinary receipts
Ordinary disbursements

$603,589,489.84
662,324,444. 77

Excess of ordinary disbursements over receipts
Panama Canal receipts
$30,731,008. 21
Panama Canal disbursements
31,419,442.41

58, 734,954. 98

Excess of Panama Canal disbursements over receipts
Public debt receipts
$45, 624,239. 50
Public debt disbursements
104,996, 770. 00

688,434. 20

Excess of public debt disbursements over receipts
Postal revenues
.$203,562, 383. 07
Postal service paid from postal revenues, and exclusive of $19,501,062.37 grants from the Treasury
for deficiencies
203,562,383. 07

59,372,530. 50

Excess of all disbursements over all receipts, being decrease of balance in general fund in 1909
118, 795,919. 63
Total balance in general fund June 30, 1908
Total balance in general fund June 30, 1909

$245,171, 347. 73
126,375, 428.10

Decrease in 1909

118, 795,919. 63

' 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 1907
Certificates of indebtedness
Loan of 1904
Funded loan of 1881
Funded loan of 1891
Total
\

13518—FI 1909

:
1

$2,027.00
. 30.00
650.00
230.00
550.00
1,208,200.00
14,186,500.00
28,850.00
5,050.00
750.00
15,432, 837.00

2


\


18

REPORT ON T H E FINANCES.
CONDITION OF THE TREASURY, J U N E 30,

1909.

The public debt pf the United States at the close of the fiscal year,
as stated in the debt statement of June 30, 1909, is set forth in detail,
as follows:
Interest-bearing debt:
Loan of 1925, 4 per cent
Loan of 1908-1918, 3 per cent
Consols of 1930, 2 per cent
Panama Canal loan, 2 per cent

....:.

Debt on which interest has ceased:
Funded loan of 1891
Loan of 1904
Funded loan of 1907
Refunding certificates
Olddebt

$118, 489, 900. 00
63, 945,460. 00.
646, 250,150. 00
84, 631,980. 00
$913, 317,490. 00
55, 750. 00
43, 750. 00
1, 857, 350. 00^
17, 720. 00
909,285.26

-

Debt bearing no interest:
United States notes (greenbacks)
National-bank notes, redemption account
Old demand notes
Fractional currency

2, 883, 855. 26

346, 681,016. 00
28, 518, 941. 00 •
53,282.50
6,860,787.28
382,114,026. 78

Total interest and noninterest-bearing debt
1, 298, 315, 372. 04
Certificates and notes issued on deposits of coin
and silver bullion:
Gold certificates
^852, 601, 869. 00
Silver certificates
484,414,000.00
Treasury notes of 1890
.'
4, 215,000. 00
1, 341, 230, 869. 00
Total debt June 30, 1909

^2, 639, 546, 241. 04

CASH IN THE TREASURY JUNE 30,

1909.

[From revised statements.]

Reserve fund:
Gold coin and bullion
Trust funds:
Gold coin
Silver dollars
Silver dollars of 1890

$150,000,000. 00
$852, 751, 869. 00
484,414, 000. 00
4,215,000. 00
1, 341, 380, 869. 00

General fund:
In Treasury offices—
Gold coin
$39,952,432. 02
Gold certificates
37,746,420. 00
Standard silver dollars..
7,659, 819. 00
Silver certificates
6,696,676. 00
United States notes
6,562,749. 00
Treasury notes of 1890...
11, 585. 00
National-bank n o t e s . . . . 3,736,064. 00
102,365,745.02
oExclusive of $150,000 gold certificates issued June 30,1909, but not covered h y /
warrant until after the close of the fiscal year.
y



i

SECRETARY OF THE TREASURY.

19

General fund—Continued.
Deduct current liabilities—
Nationalb a n k
5 p er
c e n t
fund... $24,540,250.49
L e s s
notes in
process
of r e de m p tion.... 20,645,203.88
$3, 895, 046. 61
Outstanding warrants and
checks
7,281,472.25
Balances to credit of disbursing officers
49, 703, 455. 28
Post - Office Department
balances
337,168.71
Miscellaneous items
9, 067, 940. 96
$70,285,083.81
Working balance in treasury offices
$32,080, 661. 21
In national-bank depositaries—
To credit of the Treasurer
of the United States... $60,427, 525. 69
To credit of mints and assay offices
396,324.04
To credit of disbursing of.
ficers
10, 838, 951. 55
.
$71, 662, 80L 28
In treasury of the Philippine
Islands—
To credit of the Treasurer
of the United States...
957, 628.34
To credit of United States
disbursing officers
1,813, 249. 97
2, 770, 878. 31
74, 433, 679. 59
Deduct current liabilities—
Outstanding warrants
1,432,027.18
Balances to the credit of
disbursingofficers
12, 652,20L52
14,084,228. 70
Balances in banks and in treasury of Philippine Islands..
In treasury offices^—
Silver bullion (at cost)
$4,242,393.06
Subsidiary silver coin
27,076, 747. 52
Fractional currency
79.48
Minorcoin
2,607,433.34
Awaiting reimbursement. United States
bonds and interest paid
18,662.60

60,349,450. 89

33,945,316.00
Total balance in general fund June 30,1909.
Total balance in general fund June 30,1908
Decrease in 1909



126,375,428.10
245,171,347. 73
..,..

118,795,919.63

20

REPORT ON T H E FINANCES.
COMPARISON OP R E C E I P T S , FISCAL Y E A R S 1908

1908.

1909.

AND

1909.

Increase.

Decrease.

$286,113,130.29 S300,711,933.95 $14,598,803.66
Customs
251,711,126.70
246,212,643.59
Internal revenue
S5,498,483.11
9,731,560.23
7,700,567.78
Sales of public lands
2,030,99^.45
• 1,013,606.36
892,974.91
Cliinese indemnity
120,631.45
6,656,017.27
Profits on coinage, buUion deposits, etc.. 11,223,336.62
4,567,319.35
Part payment Central Pacific Railroad
5,098,227.41
5,409,857.82
indebtedness
311,630.41
217,331.62
1,177,752.70
Payment of interest by Pacific railways..
960,421.08
3,251,919.56
2,888,721.19
363,198.37
Tax on circulation of national banks
476,856.98
2,845.93
474,011.05
Interest on public deposits
740,110.54
133,106.36
Customs fees, fines, penalties, etc
607,004.18
Navy pension interest, navy hospital, and
clothing funds
2,033,535.65
* 942,193.75
1,091,341.90
256,219.32
Sales of ordnance material, etc
265,542.43
9,323.11
5,222,994.92
Consular, letters patent, and land fees
5,039,138.40
**'i83,"856.'52
141,879.73
Depredations on public lands
397,870.15
255,990.42
Proceeds of town sites, Reclamation Serv12, 864.06
18, 642.85
ice
5,778.79
1,865, 701.18
1,804, 831.57
Forest reserve fund
60,869.61
26, 628.50
37, 333.72
Cooperative fund. Forest Service
10,705.22
3,388, 894.57
3,269, 476.55
Immigrant fund
'ii9,'4i8.'62
150, 187.15
36,329.60
186, 516.75
Naturalization fees
268.10
153, 106.90
153, 375.00
Tax on sealskins and rent of fox islands..
205, 773.63
155, 305.26
Alaska fund
.60,468.37.
70,482.36
871, 979.73
942, 462.09
Judicial fees, fines, penalties, etc
1,329, 791.52
902, 157.67
Sales of govemment property
'427,'633.'95
278, 028.28
194,936.48
472, 964. 76
Sales of lands and buildings
6,062, 970.96
573,845.31
6,636, 816.27
District of Columbia, general receipts
231,
73. 891.61
Panama Canal, rentals, work done, etc...
157,914.98
Panaiha Railroad Company, principal
107,903.66
414,277.72
622,181.38
and interest of notes, and subsidy
1,332,664.'93
1,235,126.05
97,538.88
Miscellaneous
TRUST FUNDS.

Department of State:
Miscellaneous trust funds
Treasury Department:
Spanish mdemnity principal
Spanish indemnity interest
South Carolina school fund
Fund for education of the blind
War Department: .
Army deposit fund
Soldiers' Home permanent fund
Miscellaneous trust funds
Navy Department:
Navy deposit fund
Marine Corps deposit fund
Interior Department:
Deposits for surveying public lands..
Outstanding liabihties, lands.
Proceeds of Indian lands
Indian moneys, proceeds of labor
Miscellaneous trust funds
Personal funds of patients. Government Hospital for Insane
Pension money, Govemment Hospital for Insane
Department of Commerce and Labor:
Miscellaneous trust funds
District of Columbia:
Miscellaneous trust fund deposits
Washington redemption fund
Police and firemen's relief funds
Other trust funds
Less difference arising in adjustment of
moneys not covered by warrants in the
fiscal year of deposit in Treasurer's cash.

96,419.74

105,130.81

8,711.07

570,000.00
28,500.00
51,000.78
252,527.17

670,000.00
28,600.00
61,000.78
252,627.17

1,653,632.27
438,312.10
95.15

1,879,395.36
446,245.47

511,147.50
8,759.90

479,236.05
63,255.10

274,047.00
8,617.31
1,947,555.41
1,624,654.67
3,624.70

163,139.00
2,753.72
3,230,950.61
1,276,411.62
28,112.36

225,763.09
7,933.37
. 95.15
54,495.20

31,911.45
110,908.00
6,863.69

1,283,395.20

348,243.05

•""24,'487.'66"

102,736.98

102,736.98

300,184.79

300,184.79

291,306.49
91,779.35
107,107.58
23,825.13

428,919.35
111,766.43
121,664.63
24,371.42

137,612.86
19,987.08
14,557.05
546.29

601,126,118.63

604,187,852.76

19,730,636.48

502.27

602.27

65,395.26

598,362.92

532,967.66

601,060,723.27

603,689,489.84

19,197,668.82

Panama Canal:
Proceeds of bonds
Premium on sale of bonds.,

24,631,980.00
735,788.67

30,000,000.00
731,008.21

5,368,020.00

Panama Canal receipts..

25,367,768.67

30,731,008.21

5,368,020.00

16,668,902.25

Ordinary receipts.




16,668,902.25

4,780.46
4,780.48

SECRETARY OF T H E TREASURY.

21

•COMPARISON OP R E C E I P T S , FISCAL Y E A R S 1908 AND 1909—Continued.
1908.

1909.

Public debt:
National-bank note fund
Certificates of indebtedness

$64,333,136.50
15,436,500.00

$45,624,239.50

Public debt receipts

79,769,636.50

Increase.

Total receipts, exclusive of postal. 706,198,128. 44
Postal revenues
Total receipts, including postal

Decrease.

$18,708,897.00
15,436,500.00

46,624,239.50

34,145,397.00

679,944,737.55 $24,565,688.82

191,478,663.41

203,562,383.07

12,083,719.66

897,676,791.85

883,507,120.62

36,649,408.48

50,819,079.71

50,819,079.71

COMPARISON OF DISBURSEMENTS, FISCAL Y E A R S 1908 AND 1909.
1908.

1909.

Increase.

Decrease.

CIVIL ESTABLISHMENT.

Legislative:
Senate
House of Representatives
Legislative, miscellaneous
National Monetary Commission
• Immigration Commission
Public Printer
Library of Congress
Botanic Garden
Court of Claims

$1,801,049.82
4,726,083.99
72,169.45
10,000.00
75,677.14
6,394,810.82
613,609.68
29,701.22
65,784.30

$1,772,375.64
5,005,135.52
.89,193.67
60,060.50
363,498.64
6,736,847.10
627,268.88
25,628.68,
66,065.49^

$279,051.63
17,024.22
60,060.60
287,821.60
13,649.20
281.19

13,788,886.42

13,745,064.12

647,888.14

Executive proper;
Salaries and expenses
Civil Service Commission

166,460.95
238,062.65

187,529.69
256,577.62

404,623. 60

444,107.21
427,275.52

676,707.78
1,357,575.05

712,417.28
1,322,593.63

36,709.50

270,216.93
351,320.40

271,632.40
381,582.59

1,415.47
30,262.19

81,168.16
484,457.29
80,771.94

42,353.53
632,267.75
90,208.05

147,810.46
9,436.11

3,745,562.62

3,880,330.76

225,633.73

4,057,952.02
819,404.88
1,465,863.03
4,395,317.32
1,429.693.55
9,680;626.25
3,362,656.01
6,934,406.40
209,919.04
1,714,487.20
484,862.21
129,102.72

6,183,613.40
778,501.35
1,331,128.21
4,349,714.42
1,203,537.93
10,261,073.33
2,882,715.84
6,774,215.45
229,588.80
2,277,954.79
736,610.06
78,068.42

1,125,661.38

1,575,829.60
2,009,149.79
3,302,400.27
9,341,364.55
1,262,620.38
1,344,663.48
422,124.81
442,391.60
166,095.98

1,587,662.06
2,258,600.68
3,057,557.52
12,452,502.41
1,391,209.46
1,735,322.45
371,307.54
441,425. 65
6,847.80
320,286.31
1,016,930.23

11,732.46
249,450.79

4,072.54

39,683.71

. 444,345.07

668,963.72

21,068.74
18,514.97

Total executive proper

$28,674.18

Total legislative

Department of State:
Salaries and expenses
Foreign intercourseDiplomatic salaries
Consnlar salaries
Contingent expenses of foreign
missions
Contingencies of consulates
Emergencies arising in the diplomatic and consular service
Miscellaneous items
Trust funds
Total Department of State
Treasury Department:
Salaries and expenses
Independent Treasury
Mints and assay offices
Salaries, etc., internal revenue
Miscellaneous, internal revenue
Collecting customs revenue...
Refunding excess of deposits, customs.
Debentures or drawbacks, customs...
Miscellaneous items, customs
Revenue-Cutter Service
New revenue vessels
>..
Special repairs to revenue steamers...
- Public Health and Marine-Hospital
Service
Life-Saving Service
Engraving and Printing.
Public buildings.
Fuel, etc., public buildings
Custodians and janitors.
Furniture for public buildings
Epidemic diseases
Jamestown Exposition
Seattle Exposition
;
Miscellaneous items




i,42i,4i4.74

691,710.44

17,069.65
34,981.42

680,447.08
19,669.76
563,467.59
251,747.85

38,814.63

90,865.60

40,903.63
134,734.82
45,602.90
226,155.62
479,940.17
160,190.95

51,034.30

3,111,137.86
128,589.07
390,658.97

320,286.31

^
"

244,842.75

50,817.27
965.95
160,248.18
464.48151

22

REPORT ON T H E FINANCES.
COMPARISON OF DISBURSEMENTS, FISCAL Y E A R S 1908 AND 1909—Continued.
1908.

1909.

Increase.

.

CIVIL ESTABLISHMENT-Continued.

Treasury Department—Continued.
Special funds—
^
Philippine special fund
Miscellaneous special funds
Trnst f u n d s Spanish indemnity, principal
Spanish indemnity, mterest
South Carolina school fund
Total Treasury Department

Decrease.

$253,834.41
21,716. 63

$981,715.60

570,000.00
28,500. 00
60,490. 00

204.68

$727,881.19
$21,716.63
670,000.00
28,295. 32
60,490. 00

56,796,886.77

61,707,194.28

7,580,730.31

War Department:
Salaries and expenses
Public Buildings and Grounds

1,878,565.33
. 301,871.61

1,907,869.11
368,881.52

29,303.78
67,010.01

Total War Department

2,180,436.84

2,276,750.63

96,313. 79

769,513.11

26,376.97

4,900,797.54
2,487,185. 81
881,568.93
75,585. 83
673,149. 69
1,500,000.00 •

5,022,638.69
2,950,066.66
981,750. 76
77,246.59
675,176.91
1,760,000.00

121,841.05
462,880. 85
100,181.83
1,660.76
2,027.22
250,000.00

1,379,017.07
1,231,739.63

363,527.15
1,463,771.61

232,031.98

349,989.36
123,431.50
94,233.02

673,836.28
154,456.92
444,730. 43

223,846.92
31,024.42
350,497. 41

11,126,042.02

9,627,93L69

344,386.88

437,639.26

43,055.49
56,609. 25

44,398.30
127,040. 32

209,327.24
293.52

196,120. 32
64. 63

Navy Department:
Salaries and expenses
Interior Department:
Salaries and expenses
Public lands service
Geological Survey
National parks
Beneficiaries
Colleges for agriculture
Olfice Building, House of Representatives . . ^
Office building. Senate
Heating, lighting, and power plant,
congressional buildings
Capitol building and grounds
Miscellaneous items
Special f u n d s Reclamation fund
Five, three, and two per cent
funds, sales of lands
Revenues of national parks and
Hot Springs, Ark
Miscellaneous special funds...
Trnst f u n d s Deposits for surveying public
lands..
Outstanding liabilities, lands
Total Interior Department

V 743,136.14

2,670,422. 80

1,015,489.92

1,498,110.43
93,252.38
"

1,342.81
71,43L07
14,206.92
228 89

25,475,412. 78

24,889,395.32

1,942,018.70

Post-Office Department:
Salaries and expenses
Deficiency in postal revenues
Mail transportation. Pacific railways..
Weighing, etc., mail matter
Miscellaneous items

1,627,471.55
12,888,040. 94
761,789.45

42,133.81
6,613,02L43

14,277.86

1,669,605. 36
19,501,062.37
187,411.51
216,977. 90
14,637.37

Total Post-Office Department

15,291,579.80

21,689,594.61

6,872,392. 65

2,316,383. 62
460,154. 25
1,055,876.10
2,629,699.71
282,166.08
2,306,431.69

3,056,324.63
30,275.50
1,562,079.71
3,098,760.29
264,803.04
3,814,948. 38

506,203.61
469,060.58
1,608,616.69

664,942.55
1,253,013.75
1,317,310.71

950,104.58
1,3.72,776.00
1,652,402.46

285,162.03
119,762.25
235,091.75

443,652.27

443,662.27

Department of Agriculture:
Salaries and miscellaneous
Buildmg
Expenses, Animal Industry
Meat inspection, Animal I n d u s t r y . . .
Purchase of seeds
Forest Service
Expenses of Plant Industry and cotton boll-weevil investigations
Agricultural experiment stations
.
Weather Bureau
Special f u n d s Payment to States and Territories
t
from National Forests fund a . . .
Administration, etc., of forest reserves
Cooperative work, forest investigations
Miscellaneous special funds
Total.Department of Agriculture...




216,977. 90
259.51

2,528,036.16

674,377.94

674,377.94

739,941.01

1,144,183.28

100,409.18

27,266.83
3,335.83

32,065.21
3,866.98
16,282,468.23

4,312,719.72

17,363.04

4,798.38
531.15

13,460,764.40

429,878.75

1,043,774.10

a I^ald from "Administration of Forest Reserves " in 1908.

1,491,015.89

SECRETARY OF T H E TREASURY.

23

COMPARISON OP DISBURSEMENTS, FISCAL Y E A R S 1908 AND 1909—Continued.
.1909.

1908.

Increase.

Decrease.

CIVIL ESTABLISHMENT -Continued.
Department of Commerce and Labor:
Salaries and expenses
B ureau of Labor
Bureau of Standards
Census Office
Coast and Geodetic Snrvey
Light-House Estahlishment
Bureau of Fisheries
Fish hatcheries
Steamboat-Inspection Seirvice
Miscellaneous items
• Special fundsImmigration and Naturalization.
Regulating immigration
Chinese-e.xclusion acts
Ellis Island, New York Harbor.,
Immigration station, San Francisco, Cal
:,
Miscellaneous special funds.
Total, Department of Commerce and Labor

$3,016.68

$865,048.94
175,297.66
189,16b. 87
1,239,264.25
962,745.89
6,870,052.52
088,393.82
69,080. 90
670,631.49
48,403.20

$868, 005. 02
158, 000.43
271, 175.03
1,141, 476.61
i,oo;, 199. 59
6,002,657. 67
689, 888. 79
45, 915.87
620, 804. 43
35, 124.06

94,452.57
2,028,054.71
418.118.00
480,000.00

97,493.05
1,974,602.11
502,435.23
870,000.00

84,316.63
390,000.00

150,000.00
1,517.05

112,000.00
10,631.36

9,114.31

14,850,228.47

14,301,469.85

82,008.16
"38," 453.'70'
" i , " 494.'97

$17,297.23
""97* 787." 64
867,394.85
23,165.03
49,827.06
13,279.14

3,040.48
53,452.00

38,000.00

1,160,203.65

Department of Justice:
Salaries and expenses
•
Salaries of justices, assistant attorneys, etc
Salaries, fees, etc., of marshals
Fees of witnesses
Salaries and fees, district attorneys...
Fees of jurors
Fees of clerks
Fees of commissioners
Support of prisoners
Pay of bailiffs
Miscellaneous expenses, United States
courts
Miscellaneous items

861,330.40

973,793.22

1,129,083.39
1,280,493.34
851,468.40
547,096.81
1,024,303.95
323,278.68
97,468.49
543,761.17
219,868.82

1,080,816.67
1,312,797.73
843,394.28
551,180.88
977,700. { 0
.
335,121.30
97,908.54
579,078.44
211,107.70

569,233.00
1,640,459.83

576,238.54
1,533,952.15

7,005.54

Total, Department of Justice.,

9.093,846.28

9,073,150.17

197,456.82

725,640.19
149,091.75
1,001,834.79
110,737.10
0 5,417,335.62

1,026,963.88
153,198. 49
1,200,485.71
98,824.41
227,097.05

301,323.69
4,100. 74
258,050.92

2,766, .569. 54

564,081.35

Independent bureaus and offices:
Interstate Commprce C-ommissIon
Smithsonian Institution
National Museum
Zoological Park
Territorial governments
Total, independent
and offices

112,4C2.82
48,266.72
26,304.39
"4," 084." 07'
11,842.08
440. 05
35,317.27

Total, District of Columbia...
Total. Civil Establishment

7,404,639.45
11,137,442.64

10,634,981.44
3,000,000.00
.

547,446.31
6,456.76

537,969.18
9,220.53
368,789.07
110,402. 95
104,185.34
10,993.24

256,090.44
88,317.84
107,107.58
41,643.63

46,603.35

8,701.06
106,.507.68
218,152.93

11,912.69
5,190,238.57

bureaus

District of Columbia:
Salaries and expenses
Terminal improvements
Special funds—
Water department
,
Miscellaneous special funds
Trnst f u n d s Miscellaneous tmst-fund deposits
Washington redemption fund
Polic,e and firemen's relief funds..
Other trust funds

"8," 074* 12

3,000.000.00

5,202,151.26
502,46L10
9,477.13

2,763.77
112,698.63
22,085.11
2,922.24
30,650.39

12,184,505.10

14,776,541.75

3,137,547.51

545, ,510.86

175,420,408.57

186,502,149.47

26,254,188.33

15.172,447.43

41,979,486.21

8,996,880.11

MIUTARY ESTABLISHMENT.

Pay Department
, 32,982,606.10
Encampment and maneuvers, army and
1.014, 196.74
mUItia
Extra pay, war with Spain
,
131. 427.94
Suhsistence Department
6,439, 915. 89
Quartermaster's Department
33.671. 038.56
397, 160.57
National cemeteries
1,456, 816.15
Medical Department
11,456, 86>. 12
Ordnance Department
Engineer Department
4,568, 593.89
a Includes $5,000,000 paid for public




853,909.35
34,526.42
661.270 94
7,101.186.83
37.657,520.03
986,481.47
332,760.34
1,942,392.33
486;576."i8'
13,493,637.67
036,776.45
5,472,181.52
903,587.63
schools in Oklahoma.

160,287.39
96,901.52
64,400.23

24

REPORT

ON T H E FINANCES.

COMPARISON OP DISBURSEMENTS, FISCAL Y E A R S

1908 A N D 1 9 0 9 — C o n t i n u e d .

1909.

Increase.

Decrease.

MILITARY ESTABLISHMENT—continued.

Signal Service
Military Academy
:
Improving harbors
Improving rivers
Military posts
National nomes for disabled soldiers
State homes for disabled soldiers
Reimbursing States and Territories expenses of troops, Spanish war
Refunding to States expenses incurred in
raising volunteers
Judgments, Court of Claims and United
States courts
Payment to State of Kansas, suppressing
Indian hostihties
Relief of suflerers from cyclone in Southern States
Soldiers' Home interest account
Miscellaneous items
Special funds:
Wagon roads, etc., Alaska fund
Ordnance material, powder, etc
Miscellaneous special funds
Trust funds:
Pay of the army, deposit fund
Soldiers' Home permanent fund
,
Total Military Establishment.

$414,999.42
1,602,185.74
10,643,768.09
19,613,880.92
1,912,636.76
3,945,098.33
899,769.27

$435,743.68
1,516; 459.16
11,119,320.80
23,297,162.30
4,188,803.50
4,219,695.64
1,185,237.52

562,710.60

130,253.66

$20,744.26
475,552.71
3,783,28L38
2,276,167.76
274,597.31
285,468.25

432,456.84
97,466.02

97,466.02

114,116.07

44,544.83

425,066.43

69,571.24

$85,726.68

425,065.43

117,750.00
90,647.51
4,23L19

100,977.88
104,502.46
2,929,232.49
145,428. 27
30,653.30
13,000.00

2,962,455.98
1,163,000.00

1,335,209.63
909,000.00

137,746,523.95

161,067,462.39

27,468, 655. 76
5,772, 537. 50
10,386, 602. 83
3,742 246. 86
7,192', 521.87
7 ^'~ 305. 64
5)549, 055. 84
7,446, 117.19
615; 549. 36
5,595, 253. 37
980, 628. 45
25,492, 613. 45
6,778, 385. 33

25,401, 908. 40
6,047; 006. 85
9,695, 661. 75
3,327 445.18
9,360; 646. 69
11,059,
,938.93
6,741,
,895.77
8,291,
478,, 319.14
1,879.08
4,439,
1,677.01
29,365,165.05

2,168,124.82
3,110,524. 05
1,192,883.09
845,778.58

22,570.70

23,701.12

1,130.42

193,762.35

473,994.67
797,954.46

473,994.67
604,202.11

837,557.30
1,171,822.26
81,070.77

1,011,252.13
294,038.29
44,075.41

i73,694.83

125,202.88
1,503,534.15

100,977.88
20,700.42
1,425,698.34
27,678.27
59,994.21
8,"768."8i'
1,627,246.35
254,000.00

26,220,118.00

2,899,179.56

NAVAL ESTABLISHMENT.

Increase of the navy
Bureau of Yards and Docks
Bureau of Equipment
,
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
Pay of the navy
,
General account of advances
,
Judgments Court of Claims and United
States courts
Relief of sufferers from earthquake in
Italy
,
Miscellaneous items
,
Special funds:
Naval hospital fund
Clothing and small-stores fund
Ordnance material (piroceeds of sales).
Trust funds:
Pay, Marine Corps, deposit fund
Pay of the navy, deposit fund
,
Prize money
,

3,417.40
754,420. 95
3, on. 97

Total
Deduct repayments in excess of expenditures

118,037,097.15

Total Naval Establishment.

6,136. 35
466,634.95
3,120.79

2,066,747.36
274,469. 35

3,872,55L60

690,94L08
414,801.68

137,230.22
1,155,374.29
140,951.44
6,778,385.33

877,783.97
36,995.36
2,718.95
287,786.00

118,170,28L71

12,720,181.29

2,624,270.62

2,624,270.62

118,037,097.15

115,546, OIL 09

10,095,910.67

855,686.58
2,163,390.35
536,751.24
1,416,445.59
84,545.90
4,115,540.32
2,908,498.06
2,498,897.71

927, 902.43
1,282, 126.46
669: 509. 66
1,674; 341.95
69, 279.31
3,68i; 704.89
3,879, 307.68
3,710, 445.73

970,809.62
1,211,648.02

14,679,755.75

15,694,618.11

2,445,228.27

12,586,996.73

12,586,996.73

INDIAN SERVICE.

Current and contingent expenses
FulfiUing treaty stipulations
Miscellaneous supports
Interest on Indian trust fund accounts...
Incidental expenses of Indian Service
Support of Indian schools
Miscellaneous expenses
Trust funds
Total Indian Service.




72,215.85
32,758.42
157,896.36

881,263.89
15,266.69
433,835.43

1,330,366.91

SECRETARY OF T H E TREASURY.

25

COMPARISON OF DISBURSEMENTS, FISCAL Y E A R S 1908 AND 1909—Continued.
1908.

Increase.

$153,892,467.01
21,426,138.21

Pensions
Interest on the public debt

1909.
$161,710,367.26
21,803,836.46

$7,817,900.24
377,698.26
73,211,043.76

Decrease.

662,324,444.77

38,093,929.04

31,419,442.41

PubUc debt:
National-bank note fund
Certificates of indebtedness
Funded loan of 1907
Miscellaneous redemptions

39,535,156.60
1,250,000.00
33,060,600.00
46,150.00

89,662,083.00
14,186,500.00
1,208,200.00
39,987.00

50,026,926.50
12,936,600.00

73,^91,906.50

104,996,770.00

62,963,426.50

31,868,563.00

733,088,226.18

798,740,667.18 104,315,907.26

38,663,476.26

191,478,663.41

203,562,383.07

Ordinary disbursements

Public debt disbursements
Total disbursements, exclusive of
postal
-.
Postal Service a

8

621,102,390.64

Panama Canal disbursements

, •6,674,486.63
, ,
31,852,400.00
6,163.00

12,083,719.66

Total disbursements, including pos924,566,889.59 1,002,303,040.25 116,399,626.92
tal

38,663,476.26

a Exclusive of grants from the Treasury for deficiencies in postal revenues, for 1908, $12,888,040.94, and
for 1909, $19,501,062.37, included in expenses of civil establishment, page 22.

Fiscal year 1910.
The ordinary receipts of the Government for the current fiscal
year are estimated upon the basis of existing laws as follows:
From
From
From
From

customs
internal revenue, ordinary
corporation t a x
miscellaneous sources

_

1335,000,000.00
253, 000, 000. 00
15, 000, 000. 00
45,000, 000. 00

Total estimated ordinary receipts

$648, 000, 000. 00

The ordinary disbursements for the same period are
estimated as follows:
For t h e civil establishment
For postal deficiency
For t h e W a r Department
F o r t h e Navy Department
For t h e I n d i a n service
Forpensions
For interest on the p u b h c debt

$175,000,000. 00
16,880,620.12
165, 000,000. 00
125,000,000.00
17,000,000.00
161,000,000.00
22,195, 000. 00

Total estimated ordinary disbursements
Or a deficit in ordinary receipts of
•
For P a n a m a Canal disbursements
For miscellaneous redemptions of t h e public debt
A total deficit of




682, 075, 620.12
34,075,620.12
38, 000, 000. 00
1,000, 000,00
73,075,620.12

26

REPORT ON THE FINANCES.

Transactions in deposits and redemptions for the national-bank note
redemption account, act of J u l y 14, 1890, are excluded from the estimates, no excess of redemptions over deposits for retirement of the
notes being anticipated:
Postal service:
Estimated postal revenues for the current year
„
$217,811,749.88
Estimated expenditures for the postal service, payable from said
revenues except any excess over the revenues
234, 692,370.00
Showing a deficiency in the postal revenues payable by law
from the General Treasury and included in the foregoing
estimates for ordinary disbursements
^

16, 880,620.12

Fiscal year 1911,

I t is estimated that upon the basis of existing laws the ordinary
receipts for the fiscal year 1911 will be—
From
From
From
From

customs
'
internal revenue, ordinary
corporation tax
miscellaneous sources

•

$345,000,000.00
255,000,000.00
\ 25,000,000.00
47,000,000.00

Total estimated ordinary receipts

672,000. 000.00

The estimates of appropriations for the fiscal 37ear 1911, as submitted by the Executive Departments and offices, are as follows:
Legislative establishment
Executive establishment—
Executive proper
Departmentof State
Treasury Department
War Department
Navy Department.
Department of Interior
Post-Office Department
Department of Agriculture
Department of Commerce and Labor
Department of Justice
Territorial governments
Judicial establishment
Foreign intercourse
Military establishment
Naval estabhshment
Indian affairs
Pensions
Public works—
Legislative
Treasury Department




$7,093,201.00
$472,270. 00
299,720.00
11, 220,515. 00
2,272,908.00
841,500.00
5, 044, 745.00
1, 695, 690. 00
13,377,136. 00
3,431, 330.00
525, 740.00
266, 850. 00
:

\
1

7,000.00
7,028,365.60

39,448,404. 00
1,072,600.00
4,133,581.41
95, 605,147. 92
108,106, 264. 38
8,988,262.90
155, 858,000. 00

SECRETARY OF T H E TREASURY.
Public works—Continued.
War Department
Navy Department
Department of Interior
Department of Commerce and Labor
Department of Justice . .

27

$39,983,392.38
o 5,957,150.00
246,000.00
223,200. 00
275,000.00
$53,720,107.98

Miscellaneous—
Legislative
i..
Treasury Department
War Department
Departmentof Interior
Department of Commerce and Labor
Department of Justice
>..
District of Columbia
:
Smithsonian Institution and National Museum :
Interstate Commerce Commission
Postal deficiency
Permanent annual appropriations—
Interest on the public debt
Refunds—customs, internal revenue, etc
Collecting revenue from customs
Miscellaneous, exclusive of sinking fund and
national-bank note redemption account

6,009,478.70
20,383, 725. 00
6,700,072.98
4,509,175.00
9,935, 383. 00
7,502, 800. 00
11,180,628.49
974,000.00
1,370,000. 00
68,565, 263.17
10,634,122.63
22,195,000.00
19,144,300.00
5,500,000.00
23,160,295.12
69,999,595.12
623,224, 550. 51

Add estimated naval appropriations for new ships for expenditure .
t h e first year, received from t h e Secretary of the Navy after completion of the Book of Estimates and to be separately transmitted
to Congress

12,844,122.00

Total estimated ordinary appropriations, excluding postal service
payable from „ t h e postal revenues, but including the postal deficiency
636,068,672.51
T h e Panama Canal appropriations to be met by sales of bonds are
estiraated at
„
48,063,524.70
Total estimated appropriations for 1911
A surplus of ordinary receipts over ordinary appropriations of
A deficit, including Panama Canal appropriations of

684,132,197.21
35, 931, 327. 49,
12,132,197. 21

Postal service:
The postal revenues for t h e year 1911 are estimated at
233, 058,572. 37
And the appropriations for the postal service, payable from
said revenues, except deficiencies therein, are submitted a t . . 243, 692,695.00
Showing a deficiency in the postal revenues, payable by law
from the General Treasury and included in the foregoing
estimates for t h e year 1911, of
'...„




10,634,122.63

28

REPORT ON T H I ; FINANCES.

Comparison of the estimates for 1911 with the appropriations for
1910 shows a decrease in the 1911 estimates of $42,818,969.19, as exhibited in the tables following.
STATEMENT

OF ESTIMATES

OP APPROPRIATIONS
A P P R O P R I A T I O N S FOR

FOR 1911 DECREASED

UNDER

1910.

[Excluding sinking fund, national-bank note redemption account, and postal service payable from
the postal revenues.]

Departments, etc.

1911 estimates, 1910 appropria- Decrease in
Increase in
includiug
tions, Including 1911 estimates 1911 estimates
permanentunder 1910
permanent
over 1910
appropriations. appropriations.
annual.
annual.

Legislative.
..
Executive
Department of State
.
Treasury Department
'
Territorial governments
*
.
Independent offices
District of Columbia
War Department . .
Navy Department
Departme.nt of the Interior
Post-Office Department proper
Deficiencv in the postal revenues
Department of Agriculture
Department of Commerce and Labor.
Department of Justice

$13,169.679.70
472,270.00
4,576,301.41
76,063,605.60
287,350.00
2,400,695.12
11,884,928.49
152,398,121.28
129,874,036.38
191,224,182. 90
1,695,690.00
10,634,122.63
17,681,136.00
14,187,913.00
9,518,640.00

m , 241,339.00
459,435.00
4,358, 684.73
89,844,059.59
192,600.00
2,172,082.52
11,526,581.49
163,963,939.48
140,840,879.05
198,958,928.20
1,702, 928.86
16,880,620.12
17,202,274.15
22,494,803.69
9,474,010.52

Ordinary

636,068,672.51

693,313,166.40

48,063,524.70

33,638,666.66

684,132,197.21

726,951,166.40

Net decrease in ordinary
Panama Canal
Total
Total net decrease

mi, 659.30
13,780,453.99

,11,565,818.20
10,966,842.67
7,734,745. 30
7,238.86
6,246,497.49
8,306,890.69
58,680,146.50
57,244,493.89
67,244,493.89
42,818,969.19

$12,835.00
217,616.68
94,750.00
228,612.60
358,347.00

478,861 85
44 629 48
1,435 652.61
14,425,524.70
14,425, 524. 70

N O T E . — T h e above estimates for 1911 for t h e Navy Department, $129,874,036.38,
contain an estimate of $12,844,122 for new ships for t h e Navy, received from t h e
Secretary of t h e Navy after t h e completion of t h e Book of Estimates, a n d therefore
not included therein, b u t to be separately transmitted to t h e Congress.
Last year t h e Naval building program was not included in t h e estimates submitted
to t h e Congress. Excluding, therefore, t h e Navy program for new building construction for both years, t h e estimates are as follows:
Total estimates for 1910
Total estimates for 1911
Decrease in 1911 estimates




$765,289,568.13
671,288,075.21
94,001,492.92

SECRETARY OF T H E TREASURY.

29.

Exhibit of appropriations f o r 1910,
Total appropriations for 1910, including estimated permanent
annual appropriations and deficiencies for prior years
$1,044,658,622.64
Deduct appropriations made for the postal service for 1910,
$234,692,370, and deficiencies made therefor foroprior years,
$1,453,493.86, which are payable fromthe postal revenues, exept any excess of expenditures over the revenues
>
236,145,863. 86
808, 512, 758. 78
Add—
Deficiency in the postal revenues for 1910, payable by law from
the General Treasury, estimated at
,
Appropriations made by the 1st session, 61st Congress, for the
Thirteenth Census and miscellaneous objects

16, 880,620.12
10,200,000.00
835,593,378.90

Deduct—
Sinking fund, national-bank note fund—redemption account, and
deficiencies for prior years
Total
Agreeing with the appropriations for 1910 shown in the preced. ing table, against which the estimates of appropriations submitted
for 1911 show a decrease of $42,818,969.19.

108,642,212.50
726,951,166.40

I respectfully call your attention to the two further divisions of this
report, to wit: The condensed annual reports of the various bureaus
and divisions of the Treasury Department, and the tables accompanying the report on the finances.
FRANKLIN MACVEAGH,

Secretary,
To the SPEAKER OF THE HOUSE OF REPRESENTATIVES.







ABSTRACTS OF REPORTS OF BUREAUS AND DIVISIONS.




31




ABSTEACTS OE EEPOETS OF BUEEAUS AHD DIVISIOITS.

The following is a summary of the reports of bureaus and divisions
of the Treasury Department for the fiscal year ended June 30, 1909,
with the exception that the figures in relation to public moneys and
loans and currency are brought to November 1:
TREASURER OF T H E U N I T E D STATES.

The conditions that confronted the Treasury during the last fiscal
year were largely increased expenditures, and revenues that were but
little in excess of those received in the fiscal year 1908, when there was
a deficit on ordinary transactions. The governmental activities have
increased the disbursements diiring the past two years without adequate provision having been made for a corresponding income. The
deficit thus created was paid from the general fund in the Treasury,
accumulated in previous years, and it has resulted in the depletion of
the greater part of the available cash in that fund.
The ordinary revenues, by warrants, and adjustments for moneys
received but not covered by warrants in the year, were $603,589,489.84,
an increase of $2,528,766.57 over those of 1908, while the ordinary
expenditures were $662,324,444.77, an increase of $41,222,054.13, as
shown by similar comparison. The net result of ordinary transactions was a deficit of $58,734,954.93.
The receipts from proceeds of United States bonds sold during the
fiscal year 1909, to be used in the construction of the Panama Canal,
were $30,731,008.21, while the disbursements on the canal amounted
to $31,419,442.41, or an excess of disbursements over receipts of
$688,434.20, which was advanced from the general fund in the Treasury. Under the act of August 5, 1909, provision was made to reimburse the Treasury for all expenditures on the canal not covered by
previous issues of bonds.
The total amount expended on the purchase and construction of the
canal to the close of the fiscal year 1909 was $170,184,668.70, of which
$87,309,594.83 was from proceeds of sales of bonds. The balance of
$82,875,073.87 was advanced from the general fund in the Treasury
and is reimbursable from proceeds of bonds not yet sold.
The cash receipts on account of the public debt (exclusive of Panama Canal loan) were wholly deposits of lawful money for the
retirement of national-bank notes, and amounted to $45,624,239.50;
13518—FI 1909

3




33

34

^

REPORT ON T H E FINANCES.

$89,562,083 was disbursed for national-bank notes canceled and
retired, leaving a net payment from the Treasury, on account of banknote retirements, of $43,937,843.50. I n addition, there was disbursed
$15,434,687 on account of principal of matured loans and fractional
currency, a total disbursement for the public debt of $104,996,770,
and a total excess o l disbursements, therefore, of $59,372,530.50. The
interest-bearing debt on June 30, 1909, was $913,317,490, and the
interest charge thereon $21,275,602.40.
I n previous years it was deemed advisable to restore accumulating
revenues in the Treasury to the channels of trade by making direct
deposits thereof in national banks; consequently, with the growth in
disbursements in later years, not equaled by the income, such deposits
have been gradually recalled to the Treasury as needed. The balance
in depositary banks to the credit of the general fund at the beginning
of the last fiscal year was $149,004,924.29. Calls for the return of
deposits to the Treasury were made as follows: July 2, 1908,
$33,403,120; November 18, 1908, $4,864,750; January 11, 1909,
$24,716,760; February 4, 1909, $28,478,000, and June 30, 1909,
$24,954,900. The total amount of these calls had not been paid by
the close of the fiscal year, but the balance in banks to the credit of
the general fund had been reduced to $60,427,525.69.
The trust funds, amounting to $1,341,380,869, were $39,125,000
greater at the close of the fiscal year than twelve months earlier, by
reason of an increase of $29,828,000 in gold certificates, $10,064,000 in
silver certificates, and a decrease of $767,000 in Treasury notes of
1890.
The amount of national-bank notes presented for redemption was
$461,522,202, equal to 67.80 per cent of the average amount of such
notes outstanding during the year. Compared with 1908, the sum is
$111,887,861, or 32 per cent larger, and it is the maximum presented
in any year in the history of such redemptions. The expenses incurred for such redemptions were $396,743.15, which has been assessed
on the banks at the rate of $0.79762 per $1,000 of notes redeemed.
The nionetary stock aggregated $3,406,328,354 at the close of the
fiscal year 1909, an increase of $27,564,334 as compared with that of
twelve months earlier. The growth in gold was $23,908,507, and in
silver $12,836,670, while there was a decrease of $8,413,843 in nationalbank notes and of $767,000 in Treasury notes of 1890. The money in
circulation on June 30, 1909, amounted to $3,106,240,657, a per capita
of $34.93. The percentage of gold to total circulation was 45.53.
The notes and certificates of United States paper currency issued
during the fiscal year numbered 202,746,192 pieces, of the total value
of $764,510,000. The redemptions were 194,507,569 pieces, of the
value of $722,395,000. The average cost of each piece of United




SECRETARY OF THE TREASURY.

35

States paper currency issued and redeemed is about 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 circulation amounted to
$660,753,070 on June 30, 1909, an increase of $32,580,940 during the
fiscal year. United States bonds and other securities, amounting to
$81,244,071.10, were held to secure public deposits in national banks.
The United States bonds pledged to secure circulation and deposits
on June 30,1909, were equal to 78 per cent of the total amount of such
bonds outstanding.
On July 1, 1907, the silver dollars in circulation amounted to
$81,694,518; on July 1, 1908, $76,354,933; and on July 1,. 1909,
$71,990,679. However, the accumulation of this coin in the Treasury
is not in excess of the amount that can be utilized for the issue of
silver certificates of the smaller denominations for which there is
great demand.
The amount of subsidiary silver coin shipped to depositors therefor
at government expense for transportation during the last fiscal year
was $36,058,567.75. The average rate for transportation was $2.90
per $1,000 (a large increase, because one-half of the appropriation
was used in transporting said coin by registered mail by direction of
Congress).
The redemptions from the reserve fund during the year were as
follows: United States notes, $19,984,536, and Treasury notes, $31,405.
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 receipts of moneys for redemption and
exchange during the last fiscal year were $1,343,787,588, as against
$1,338,405,106 in 1908. The Treasury holdings of gold at the close
of the fiscal year 1909 aggregated $1,042,704,301.02, of which
$975,569,205.62 was in coin, and set apart for the respective uses it
was held on the following accounts: Eeserve fund, $150,000,000; trust
funds (for the redemption of gold certificates in actual circulation),
$815,005,449; and in general fund (belonging to Treasury),
$77,698,852.02.
The available balance in the Treasury at the close of the fiscal year
1909 was $126,375,428.10, a decrease of $118,795,919.63 as compared
with that of 1908.
District of Columhia,
The net expenditures on account of the District of Columbia for
the fiscal year 1909, by warrants paid, were $14,776,541.76.
The net revenues deposited in the Treasury, by warrant, on this
account for the same period, were $7,323,538.10.




36

REPORT ON T H E FINANCES.

The amount of the funded debt retired during the year was
$491,300, reducing the annual interest charge by $17,833.90. Since
the close of the fiscal year, the debt has been further reduced by the
purchase of $446,350 3.65 per cent bonds, leaving outstanding on
October 1, $9,667,800 in bonds bearing 3.65 per cent interest.
The total issue of 3.65 per cent bonds is limited by law to
$15,000,000, and of this sum $14,997,300 has now been issued.
At the close of the fiscal year 1909, the 10 per cent guaranty
fund retained from District of Columbia contractors amounted to
$249,326.56,' and is represented by $151,480 in bonds purchased at
the request and risk of contractors, and $86,057.84 uninvested cash.
Detailed information in regard to the affairs of the District of
Columbia will be found in the reports of the District Commissioners
and the Treasurer of the United States, ex officio commissioner of
the sinking fund of the District of Columbia.
COMPTROLLER OF T H E CURRENCY.

During the fiscal year ended June 30, 1909, national banking associations to the number of 292, with authorized capital of $17,184,000,
were chartered, of which 72 were conversions of state banks, 69 reorganizations of state and private banks, and 151 banks of primary organization. During the year, banks to the number of 164 were closed,
of which 150, with capital of $11,300,000, were placed in voluntary
liquidation by authority of the stockholders. I n this class was one
bank the charter of which expired by limitation. From July 1,1908,
to June 30, 1909, 21 banks, with aggregate capital of $2,228,500, were
placed in charge of receivers. The nominal value of the assets of
these banks at the date of closing aggregated $12,459,931, and their
liabilities to depositors and other creditors $7,611,283. Seven of
the banks in the charge of receivers, their capital being $400,000,
were permitted to resume business, their affairs having been placed
in a condition to warrant the discharge of the receivers and the
resumption of business. The assets of these banks amounted to
$3,097,358, and their liabilities to depositors and other creditors
$2,209,717. I t ordinarily requires about four years to liquidate the
affairs of an insolvent national bank, but of the associations closed
in the year the affairs of two have been settled, the creditors having
been paid dividends covering their claims in full, principal and interest ; one trust has paid 85 per cent, two 75 per cent, six from 20 to 55
per cent, and three have paid nothing so far.
Banks placed in voluntary liquidation to the number of 150, heretofore indicated, were closed generally for the purpose of reorganizing or transferring their business to state institutions, this being the
case notably in Oklahoma. The records of the office of the Comptroller show that 91 liquidating banks were absorbed or reorganized



SECRETARY OF T H E TREASURY.

37

as state banks, 35 absorbed by other national banks, 1 reorganized as
a national banking association, and 23 liquidated to discontinue
business.
Between March 14, 1900, and Juiy 1 of the current year charters
were granted to 4,202 national banking associations, their authorized
capital stock being $254,058,300. Of the total number of banks chartered during this period, 2,701 were organized under authority of the
act of March 14, 1900, and with capital stock of $70,355,500. The
large majority of these banks were incorporated with the minimum
amount of capital authorized, namely, $25,000, but the number organized with a greater amount, but less than $50,000, raised the average
to approximately $26,000. The remaining banks chartered in this
period were organized under the act of 1864, the number being 1,501,
the authorized capital being $183,702,800. Further classifying these
banks, it appears that 565, with capital of $40,410,800, were conversions of state banks; 1,321, with capital of $86,372,000, reorganizations of state and private banks; 2,316, with capital of $127,275,500,
were banks of primary organization. Practically one-half of the
authorized capital of all banks organized since March 14, 1900, is
that of the converted and reorganized state and private banks.
The act of February 25, 1863, was repealed and reenacted with
material amendments on June 3, 1864, and on July 12, 1870, the
act was passed authorizing the organization of gold banks—that is,
banks the redemption of the circulation of which was specifically provided for in gold. The only subsequent legislation in relation to the
organization of national banking associations was the act of March
14, 1900, permitting the incorporation of associations with a minimum capital of $25,000, authorizing the issue of circulation to the
par value of the bonds deposited, and reducing the tax on circulating
notes when secured by bonds bearing interest at the rate of 2 per
cent.
Under these various acts charters have been issued to 9,466 associations, of Avhich 456 were issued under the act of 1863, 6,299 under the
act of 1864, 10 under the act of 1870, and 2,701 under the act of 1900.
On June 30, 1909, there were in active operation 6,955 national banking associations, with authorized capital bf $947,726,775. Banks to
the number of 2,028 have been closed by voluntary liquidation,
including those closed as a result of expiration of charter, and 483
failed and were placed in charge of receivers. The number of
failuries is only approximately 5 per cent of the total number of
banks chartered.
As will be noted by reference to tables hereinafter submitted, the
riumber of national banks in operation increased from 3,617 on March
14,1900, to 6,955 at the close of the current fiscal year, the net increase
being 3,338. The capital of these banks rose from $616,308,095 to




38

REPORT ON T H E FINANCES.

$947,726,775, or an increase of $331,418,680. The total amount of
national-bank circulation outstanding on the date first named was
$254,402,730, of which $216,374,795 was secured by bonds on deposit
with the Treasurer in trust, and $38,027,935 by lawful money deposited with the Treasurer by banks reducing their circulation, those
placed in voluntary liquidation, and on account of insolvent associations. On June 30, 1909, the total circulation was $689,920,074, or
an increase of $435,517,344 since 1900. Circulation secured by bonds
had increased to $659,673,408, or an increase of $443,298,613 during
this nine-year period. Circulation secured by bonds and lawful
money reached its maximum on July 11, 1908, when it amounted to
$700,516,665, but the maximum outstanding on the security of bonds
was reached on June 30, 1909, the amount being $659,673,408.
Comparing the national-bank circulation statement at the close
of the current fiscal year with the statement for the year ended July
1, 1908, it appears that the bond-secured circulation increased from
$623,250,517 to $659,673,408, or an increase of $36,422,891. The
amount of outstanding circulation secured by lawful money on July
1, 1908, was $75,083,400, and on July 1, 1909, was only $30,246,666,
or a decrease of $44,836,734, resulting in a net decrease during this
period of circulation secured by bonds and lawful money of
$8,413,843.
The increase in number and capital of national banks organized
since March 14, 1900, by States and geographical divisions, together
with the number and paid-in capital stock of national banks on June
23, 1909, appear in the table following:
SUMMARY

BY

STATES,

GEOGRAPHICAL

B A N K S ORGANIZED FROM MARCH 14,

DIVISIONS,
1900,

AND

CLASSES

TO J U N E 30,

CAPITAL STOCK OF ALL REPORTING B A N K S ON J U N E 23,
Capital over
$25,000 a n d
less t h a n
$50,000.

C a p i t a l $25,000.
states, etc.
No.

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Total New Engl 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 E a s t e r n
States




C a p i t a l . No.

3
$75,000
3 . 75,000
125,000
5
25,000
1
4

o

1

$30,000

100,000

-16

Capital.

1909,

OF

Capital.

6
2
1
16
1
4

$335,000
200,000
100,000
4,050,000
500,000
200,000

30

5,385,000

400,000

1

30,000

76 1,900,000
46 1,150,000
189 4,725,000
6
150,000
26
650,000

8
7
22
3
5

247,500
210,000
732,000
95,000
172,000

81 15,720,000
32 2,410,000
209 23,030,000

843 8,575,000

45 1,456,500

336 42,940,000

11
3

930,000
850,000

PAID-IN

1909.

C a p i t a l $50,000 T o t a l o r g a n i a n d over. .
zations.

No

NATIONAL

AND T H E

No.

Capital.

National banks
in operation
J u n e 23, 1909.

No.

Capital
paid in.

9
6
6
17
1
8

$410,000
305,000
225,000
4,075,000
600,000
800,000

77 $9,051,000
57 5,435,000
50 5,460,000
197 55,264,990
6,700,250
20 255 050

47

5,815,000

484 102,166,290

165 17,867,500
85 3,770,000
420 28,487,000
9
245,000
42 1,752,000
3
850,000

435 161,227,458
184 20 554 500
793 113,908,368
27 2,348,985
104 17,705,400
11 5,552,000

ll

724 52,971,500 1,554 321,296,711

39

SECEETAEY OF T H E TEEASUEY.
SUMMARY

BY STATES,

GEOGRAPHICAL

DIVISIONS,

AND CLASSES

OF NATIONAT.

B A N K S ORGANIZED FROM M A R C H 14, 1900, TO J U N E 30, 1909, AND T H E P A I D - I N

CAPITAL STOCK OF ALL REPORTING B A N K S ON J U N E 23, 1909—Continued.

C a p i t a l $25,000,
States, e t c .
No.

Virginia
West V i r g i n i a
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
Tennessee
Total Southern
States
Ohio
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri

43| $1,075,000
27
675,000
201 500,000
7
175,000
22
550,000
6 • 150,000
625,000
25
125,000
11
275,000
207 5,175,000
17
425,000
48 1,200,000
22
550,000

Total Western
States
Washington.
Oregon
California...
Idaho
Utah...
Nevada
Arizona
Alaska
Total P a c i f i c
States

Capital.

$321,000
355,000
130,000

""546," 656
125,000
304,500
30,000
30,000
2,541,000
30,000
190,000
150,000

Total organizations.

Capital.

,$3,220,000
2,805,000
24 2,310,000
14 1,685,000
42 3,950,000
19 3,450,000
31 2,625,000
18 1,765,000
17 8,210,000
125 12,200,000
21 1,770,000
29 4,820,000
26 2,460,000'

Capital.

71
48|
21
801
29
66
24
29
412

National banks
in operation
J u n e 23,1909.

Capital
paid in.

No.

$4,616,000
$13, 278,350
3,835, OOb
201,000
2,940,000
70
910,000
1,860,000
33
574,960
5,040,000 102
581,500
3,725,000
39
130,000
3,554,500
75|
397,000
1,920,000
31
460,000
3,515,000
351
495,000
213,300
19,916,000 526
080,000
43
2,225,000
330,900
6,210,000 149
290,000
3,160,000

460 11,500,000 147 4,746,500 433 46,270,0001,040 62,516,500 1,401 143,942,010
96 2,400,000
82 2,050,000
143 3,575,000
225,000
34
850,000
169 4,225,000
101 2,525,000
32
800,000

Total M i d d l e
Western States
North Dakota.
South Dakota.
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico ..
Oklahoma

Capital.

Capital over
$26,000 a n d C a p i t a l $50,000
a n d over.
less tha.n
$50,000.

698,000
483,000
553,500
65,000
125,000
471,000
630,000
885,000

la, 650,000 100 3,310,500
107
63
86
87
16

2,675,000
1,575,000
2,150,000
2,175,000
400,000
11 275,000
1
44 1,100,000
23' 575,000
254 6,350,000

215,000
90,000
475,000
210,000
100,000
801,000
125,000
675,000

691 17,275,000 66 2,191,000
750,000
725,000
1,425,000
600,000
160,000
76,000
100,000

70,000
26,000
130,000
60,000
80,000

153 8,825,000

846,000

Hawaii
Porto R i c o .
T o t a l i s l a n d possessions
,

80,000

1961
157,
283
34
64[
2131
174
79

14,873,000
8,983,000
15,963,500
4,830,000
4,225,000
9,196,000
6,425.000
12,270,000

872
252
419
97
129
268
320
126

61,334,100
26,874,275
56,691,260
14,990,000
16,055,000
21,516,000
20,672,500
33,302,500

56,805,000'1,150 76,766,500

250,236,625

3,290,000
2,215,000
4,510,000
4,635,000
1,460,000
826,000
3,951,000
1,225,000
9,730,000

760,000
656,000
806,000
192,500
282,600
585,000
270,000
020,000
780,000

400,000
550,000
1,885,000
2,250,000
960,000
550,000
2,550, OOOI
525, OOOi
2,705,000
12,375,000

121
77
128
122
29
21
85
36
813

932 31,841,000 1,116 61,300,100

1,595,000' 64 2,415,000
1, 860,000 49 2,111,000
18,662,800 131 15,217,800
710,000
38 1,370,000
11
526,000
705,000
11 1,250,000
1,175,000
200,000
330,000
1
50,000
50,000

72|
'71
151
43|
20|
111
13
2

8,847,500
5,056,000
36„292,800
2,290,000
2,180,000
1,807,000
780,000
100,000

140 19,277,800

28,448,800

383 57,868,800

60,000

650,000
100,000

600,000
100,000

610,000
100,000

50,000

650,000

700,000

710,000

Total U n i t e d
States
2,331 58,276,000 370 12,080,500




11,875,000
6,450,000
11,835,000
4,640,000
8,250,000
4,500,000
3.270,000
11,085,000

183,702,800 4,202 ,254,068,300 6,926 987,004,086

40

REPORT Oisr T H E FINANCES.

The number and capital of state banks converted, reorganized
banks, and banks of primary organization since March 14, 1900,
classified by capital stock, are shown in the following table:
SUMMARY, BY CLASSES, OF NATIONAL B A N K S ORGANIZED FROM MARCH 14,
TO J U N E 30, 1909.

Conversions.

Reorganization.

Primary
organization.

1900,

Total.

Classification.
No.
Capital less than $50.000
Capital $50,000 or over
Total
:

Capital.

No.

Capital.

No.

Capital.

No.

Capital.

832 $22,037,000 1,631 $39,875,500 2,701 $70,355,500
489 64,335,000
785 87,900,000 1,501 188,702,800
665 40,410,800 1,321 86,872,000 2,316 127,275,500 4,202 254,058,300
338 $8,943,000
227 31,467,800

The number of banks and the bond and circulation accounts on
March 14, 1900, and June 30, 1909, together with the increase between
those periods, are shown in the accompanying table:
Mar. 14,1900. June 30,1909.
3,617
6,955
$616,308,095 $947,726,775
244,611,570 660, 689,070
216,374,796 659,678,408
38,027, 935
30,246,666
264,402,730 689,920,074

Number of banks
Authorized capital
Bonds on deposit
Circulation on bonds
Circulation, lawful money
Total circulation

Increase.
3,388
$881,418,680
416,077,500
443,298,613
0 7,781,269
435,517,344

« Decrease.

The gross resources of national banking associations reached their
maximum prior to the panic of 1907, on May 20 of that year, when
they aggregated $8,476,501,434, and this amount was not equaled
until May 14,1908, when they reached $8,594,622,697. From the latter
date to June 23, 1909, there was a gradual increase, the maximum
being reached on the latter date, and is then shown to have been
$9,471,732,663, an increase of $757,668,263 since July 15, 1908. The
principal increases in the resources of the banks during the past year
are the following: Loans and discounts from $4,615,675,531 to
$5,035,883,516, an increase of $420,207,985; United States bonds,
including those held as security for circulation, public deposits, and
amount on hand, from $716,348,490 to $729,657,330, an increase
of $13,308,840; other bonds, securities, etc., from $840,115,350 to
$903,863,266, an increase of $63,747,916; lawful money—that is, specie
and legal tenders—from $849,018,750 to $885,915,771, the increase
being $36,897,021.
As a result of the legislation of June 22, 1906, amending section
5200 of the Eevised Statutes to the extent of increasing the limit of
loans from 10 per cent of the capital to 10 per cent of the capital and




SECRETARY OF THE TREASURY.

41

* surplus, but the aggregate not to exceed 30 per cent of the capital,
the surplus funds of national banks have steadily increased, the
amount on June 18, 1906, being $448,858,491, and on June 23, 1909,
$590,837,706. The paid-in capital of the national banks on the latter
date was $937,004,036; circulation outstanding, $641,312,282, and
individual deposits, $4,898,576,696. Compared with the returns on
the approximately corresponding date in 1908, it appears that the
capital has increased to the extent of $17,903,186, surplus and other
profits, $58,369,234; circulation, $27,648,319, and individual deposits,
$524,025,487.
The net deposits, on which reserve was required, on June 23 last
were $6,074,509,161, against which the banks carried an aggregate
legal reserve of $1,358,750,753, or 22.37 per cent. The composition
of the reserve is as follows: Specie, $694,141,010, of which 78 per cent
was gold, $191,774,761 legal tenders, $31,502,052 redemption fund
with the Treasurer of the United States, and $441,332,930 net funds
available with reserve agents. The total amount of cash in bank, due
from reserve agents, and in redemption fund was $1,637,616,037, or
approximately 27 per cent of the deposits on which reserve was
required. The average net reserve held by national banks in central
reserve cities—^that is. New York, Chicago, and St. Louis—was 26.82
per cent, in other reserve cities 26.28 per cent, and in all reserve cities
26.54 per ceiit. While the banks outside of reserve cities are required
to maintain a reserve of 15 per cent, the average for the country at
large on the date in question was 17.34 per cent, and including excessive credits with reserve agents, not counted as reserve, the percentage
was 25.09.
M I N T SERVICE.

The value of the original deposits at the several mints and assay
offices of the United States during the fiscal year ended June 30,1909,
amounted, in the aggregate, to $142,124,941.59. There was also
deposited uncurrent domestic gold coin of the coining value of
$3,432,288.62. The deposits of silver bullion at these institutions
contained 18,027,877.82 standard ounces.
Coinage,
The domestic coinage executed at the mints in Philadelphia, San
Francisco, Denver, and New Orleans during the fiscal year 1909 aggregated 130,277,522 pieces, of the value of $120,399,953.35, consisting
of $108,180,092.50 in gold, $11,093,810 in subsidiary silver, and
$1,126,050.85 in minor coin. Of the latter, a small amount was made
at the San Francisco mint. This is the first coinage of this character
executed at any other than the Philadelphia mint.




42

REPORT ON THE FINANCES.

Of the subsidiary silver coinage made during the year, $1,407,000
was from bullion resulting from the melting of uncurrent coin transferred for recoinage; the balance, $9,686,810, was from purchased
bullion.
I n addition to the domestic coinage executed, the mint at San
Francisco coined for the Government of the Philippine Islands
18,083,944 pieces in silver, of the value of 15,407,944 pesos, and bronze
1-centavo pieces, having a value of 39,246.12 pesos. There were also
coin§.d at this mint 693,170 peso pieces in silver for the Government
of San Salvador.
Profits on silver and minor coinage.
The profit on the coinage of subsidiary silver during the year was
$5,800,917.80, and the profit on the minor coinage amounted to
$846,978.81, all of which has been duly accounted for and paid into
the Treasury.
Annical settlements.
At the annual settlement of the mints at Philadelphia, San Francisco, New Orleans, and Denver, and the assay office at New York,
at the close of the fiscal year, all the bullion and coin and other
moneys on hand were weighed and counted and found to correspond
with the balances called for by the books.
Purchases of silver.
There were purchased for the subsidiary silver coinage during the
year 6,192,425.93 ounces of fine silver at a cost of $3,207,857.83, making the average price paid $0,518 per fine ounce. A large amount of
subsidiary silver coin having accumulated in the Treasury, the purchase of silver bullion for this coinage, with the exception of that
contained in gold deposits, bar fractions and charges on silver deposits, was discontinued in February last, and has not been resumed,
the stock of coin on hand appearing to be ample to meet the requirements for some time to come.
The total purchases of silver for the subsidiary silver coinage from
July 1, 1906, to June 30, 1909, amounted to 34,663,800.68 fine ounces,
costing $20,950,293.39. The balance of silver bullion on hand June
30, 1909, available for subsidiary silver coinage was 6,719,224 fine
ounces, costing $4,211,356.53, the coining value in subsidiary silver
coin of which is $9,288,480.
Transfer of gold coin from San Frandsco,
To reliev^e the crowded condition of the vaults of the San Francisco
mint the bill making appropriations for the sundry civil expenses




SECRETARY OF THE TEEASURY.

43

of the Government, approved May 27, 1908, contained an appropriation of $300,000 " to defray the expense of transporting money stored
in the mint at San Francisco and receiving and storing the same elsewhere." Under this authority there were transferred from the mint
at San Francisco to the mint at Denver $272,500,000 in gold coin, at
a cost of $277,431.12.
New York assay office.
Pending the construction of a new building for the refinery of the
New York assay office it is necessary to transfer at the expense of the
Government all the crude bullion deposited at that office to the mint
at Philadelphia, to be parted and refined. Under section 3545,
Revised Statutes, the Secretary of the Treasury is required to keep in
the assay office at New York an amount of public money or bullion
procured for the purpose to enable payment to be made to depositors
in coin or bars. I t is therefore necessary, in order to enable the
superintendent of the assay office at New York to make payments for
silver bullion deposited, to transfer.fine silver bars at the expense of
the Government from the mint at Philadelphia to the assay office at
New York.
The deposits of gold and silver at this office are large, and at present
the office is working under very great disadvantages, which will be
the case until the completion of the new building for the refinery.
Minor assay offices.
Exclusive of the assay office at New York there are 8 assay offices
at which gold bullion is deposited and the value of the same paid to
depositors after determination by melt and assay. These offices are
located as follows: Charlotte, N. C.; St, Louis, Mo.; Helena, Mont.;
Boise, Idaho; Deadwood, S. Dak.; Seattle, Wash,; Carson, Nev,, and
Salt Lake City, Utah.
The bullion deposited at these institutions is transferred to the
coinage mints at the expense of the Government, to be refined and converted into coin. The value of the deposits at these institutions for
the fiscal year 1909 was $27,177,988.99. The cost of transporting the
same to the coinage mints was $37,971.92. The salaries, wages, and
contingent expenses of these offices for the fiscal year ended June 30,
1909, amounted to $124,638.51, and the earnings were $44,342.37.
The total earnings of the mints and assay offices, including the
profits on the subsidiary silver and minor coinage, were $7,263,861.04,
and the expenditures were $1,727,471.06, making the net earnings
$5,536,389.98.




44

REPORT ON THE FINANCES.

The earnings, gains, and expenditures were as follows:
Earnings and expenditures.
The earnings and gains of the Mint service during the fiscal year
1909 were as follows:
Charges for parting and refining
$290,176. 82
Charges for aUoy
16, 725. 87
Charges for assaying and stamping
33, 84S. 02
Seigniorage on minor coinage
:
843, 654. 47
Seigniorage on subsidiary coinage
.:
5, 800,917.80
Seigniorage on recoinage of minor coins
3,324.34
Profits on medals and proof coins
4, 764. 51
Charges received for mounting, etc., medal-fund account
392. 87
Charges for the manufacture of medals, etc
'.
8, 255. 47
Deposit melting-room grains and sweepings
32, 634. 76
Surplus bullion recovered by operative officers
34, 829.99
Gain on bullion shipped to mint for coinage
3, 334.04
Proceeds of sale of old material
913. 65
Receipts from special assays of bullion and ore'^
3,397.00
Receipts for manufacturing appliances for government and other
institutions
i
4, 037. 36
Charges received for coinage for Philippine government and
Salvador
181,442. 09
Gain on light-weight United States gold coin for recoinage
250. 71
Remnants of bullion returned by the assayer
919.92
Charges for treatment of deposit melting-room sweeps
41.35
Total earnings and gains

7, 263,861.04

The expenditures were as follows:
Salaries of officers 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 operative departments
Wastage of operative departments, minor coinage operations
Loss on sweeps sold^ during the year
Expenses of distributing minor coins
Expenses of medal fund (charges paid, mounting, etc.)
Loss on recoinage of minor coin
Loss on bullion shipped to mint for coinage
—
Wastage—Philippine minor coinage__^__
Total expenditures and loss

$220,017.52
983,916.44
227,413.84
247,275.98
23,833.52
1,37^2.81
9, 263.95
2, 831. 66
385.50
10,666. 69
244. 62
248. 53
1,727,471.06

Assay office at Salt Lake City^ Utah.
The act of May 30, 1908, provided for the establishment of an
assay office at Salt Lake City, Utah, and appropriated the sum of
$20,000 for salaries, wages, and contingent expenses, including rent



SECRETARY OF THE TREASURY.

45

of building. Eooms were rented, the necessary equipment installed
and the office, opened for the receipt of deposits of bullion in February, 1909.
New design for the 1-cent piece,
A new design for the 1-cent piece was adopted in 1909, and its
coinage commenced in July last. The obverse of this coin bears the
head of President Lincoln instead of the Indian head which has been
on this coin since 1864.
Annilal assay commission.
The annual assay commission provided for by section 3547, Eevised Statutes, to test the fineness and weights of the coins of the
calendar year 1908, reserved by the several mints for this purpose,
met at the mint in Philadelphia, on the 10th of February, 1909, and
after careful examination reported that the coins examined complied
in all respects with the law as to fineness and weight.
Medals.
The mint at Philadelphia is now equipped with a complete plant
of the most modern character for the manufacture of medals, and
during the year made a large number of medals fpr tlie government
departments at cost for the labor and materials employed, thus effecting a large saving.
Production of gold and silver.
I t is estimated that the mines of the United States produced,
during the calendar year 1908, gold of the value of $94,560,000, while
the amount consumed in the industrial arts during the year is estimated to have been $31,476,091, of which sum $14,754,945 were new
material.
The production of silver during the calendar year 1908 by the
mines of the United States amounted to 52,440,800 fine ounces, of the
commercial value of $28,050,600. Of this amount, it is estimated
there were consumed in the industrial arts during the year 23,850,828
fine ounces. Of this amount, 20,411,098 fine ounces were new
material.
INTERNAL

REVENUE.

The receipts from internal-revenue taxes for the fiscal year 1909,
as shown by collectors' reports, were $246,212,719.22, a net total
decrease of $5,453,230.82 from the preceding fiscal year. All of this
decrease was from distilled spirits, fermented liquors, oleomargarine,
adulterated butter, process or renovated butter, banks, bankers,




46

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

etc., as follows: Distilled spirits, $5,290,773.03; fermented liquors,
$2,351,205.39; oleomargarine, $52,107.65; adulterated butter, $5,086.60;
process or renovated butter, $5,839.11; banks, bankers, etc., $100.
The principal increase was from tobacco, which amounted to
$2,024,423.78, and miscellaneous, which was $226,948.77.
The total expenditures for the maintenance of the Internal Eevenue
Service for the fiscal year 1909 were $4,973,782.37.
The cost of collecting $1 of internal revenue was $0.02.
The following table is a comparative statement of receipts during
the last two fiscal years. A more detailed statement will be found in
the Annual Eeport of the Commissioner of Internal Eevenue.
RECEIPTS FROM INTERNAL REVENUE I N 1908 AND 1909, AS S H O W N BY COLLECTORS'
REPORTS.
Fiscal year ended—
Object of taxation.

Increase.
• June 30, 1908.

Distilled spirits . . .
Manufactured tobacco
Fermented liquors
Oleomargarine
Filled clieese
Mixed flour
Adulterated butter
Process or renovated butter
Banks, bankers, etc
Miscellaneous
•
Total

Decrease.

June 30,1909.

$140,168,807.15 $184,868,034.12
$6,290,773.03
49,862,754.26
51,887,178.04 $2,024,423.78
59,807,616.81 57,456,411.42
2,851,205.89
954,804.96
902,197.81
52,107.66
1,671.52
1,942.61
271.09
2,880.72
2,618.04
237.32
43,637.80
88,450.70
5,086.60
128,003.86
122,164. 76
6,839.11
100. 00
100.00
706,773.46
226,948.77
a 938,722.28
261,065,960.04

246,212,719.22

5,453,280.82

a Includes $502,252.58 from playing cards, $411,987.53 from penalties, and $19,482.12
from miscellaneous sources.

The total production of distilled spirits, exclusive of fruit brandies,
was 133,450,755.1 taxable gallons, against 126,989,740.1 gallons in
1908, an increase of 6,461,015 gallons.
The production of fruit brandies decreased 458,965 gallons.
During the fiscal year 1909, 1,292 distilleries of all kinds were
operated, an increase of 92.
The production of beer was 56,364,360 barrels, showing a decrease
of 2,449,673 barrels.
BUREAU OF ENGRAVING AND PRINTING.

The Bureau of Engraving and Printing executed during the fiscal
year a greater volume of work than it has ever before accomplished
in any one year, the aggregate number of sheets delivered being
239,405,723, or a net increase of 13.68 per cent over the deliveries of
the previous year. This aggregate comprises the delivery of 51,725,000
sheets of United States notes and certificates; 4,000 sheets of registered bonds; 20,185,008 sheets of national-bank notes; 77,806,830
sheets of internal-revenue stamps; 348,500 sheets of customs stamps;



SECRETARY OF T H E TREASURY.

47

86,593,058 sheets of United States postage stamps; 323,278 sheets of
postage stamps and postal cards for the Philippine Islands; 104,135
sheets of silver certificates, revenue and documentary stamps, registered bonds, and diplomas for the Philippine Islands; and 2,315,914
sheets of checks, drafts, etc. I n addition to these deliveries, miscellaneous work was executed to the value of $205,694.85.
Compared with the deliveries of the previous year, there was an
increase of 4.98 per cent in United States notes and certificates and
bonds, 113.68 per cent in national-bank notes, 6.12 per cent in internal-revenue stamps, 14.77 per cent in postage stamps, and 0.12 per
cent in checks, drafts, etc., and a decrease of 12.66 per cent in customs
stamps, making a net total increase of 13.68 per cent.
The amount available for the work of the bureau during the year
was $4,888,612.67, comprising $3,555,058 appropriated by Congress
and $1,333,554.67 repaid for services and materials furnished the
Treasury and other departments of the Government. The amount
expended was $4,355,935.65, which included $192,401.99 for salaries,
$1,715,466.79 for compensation of employees, $1,798,268.07 for plate
printing, and $649,798.80 for materials and miscellaneous ^expenses,
leaving an unexpended balance at the close of the j^^ear of $532,677.02.
The large unexpended balance is due partially to decreased cost
of the work performed in the year, and principally to the fact
that the preparation of the national-bank emergency currency for
issue under act of May 30, 1908, for which the bureau's appropriations were reimbursed from the appropriation provided by the act,
was given preference to other work which had been provided for in
the annual appropriations for the bureau and was not furnished.
In compliance with the act to amend the national banking laws,
the bureau completed the delivery in January, 1909, to the Comptroller of the Currency, of the required $500,000,000. The total
number of sheets was 13,131,185, of which 30,224 were delivered in
the fiscal year 1908. The act necessitated the altering of engraved
face plates in order that the notes might, in the inscription thereon,
conform to its provision, and the back plates were" also altered for
the series of 1902, and new design prepared for the series of 1882, to
distinguish them from other issues and connect them with the act.
From the date of the act to the end of August, 1909, 9,506 of the
plates were altered—282 in the fiscal year 1908, 9,217 in the fiscal
year 1909, and 7 in the current fiscal year. The cost of preparing
the notes was $544,780.18, and of altering the plates $121,381.29,
totaling $666,161.47.
SUPERVISING ARCHITECT.

The department is carrying into effect as rapidly as possible all
legislation of Congress concerning public buildings directed to be



48

REPORT ON T H E FINANCES.

constructed under the supervision of the Secretary of the Treasury.
The office of the Supervising Architect is being brought to the highest
state of efficiency, and is responding to the demands made upon it
with the utmost dispatch consistent with good designs and business
methods. It must be borne in mind, however, that much time is
required to design and prepare working drawings for the great
number of buildings carried in the public building act of May 30,
1908. When that act was passed, a large volume of work under the
public building act of June 30, 1906, still remained to be done. The
projects carried by the act last mentioned have been practically disposed of 5 and the department, acting through the office of the Supervising Architect, has been engaged in the arduous task of selecting
sites for all of the buildings provided for by the act of May 30, 1908,
In many instances difficulties have been encountered in securing
sites on account of conflicting local interests which delayed selections;
prices largely in excess of the amount available have been placed
upon properties which were the most suitable for governmental purposes; and in numerous instances condemnation proceedings have
been forced upon the department in order that it might secure desirable locations. Despite these drawbacks, the administrative work
with reference to sites has been nearly finished, and the department
has taken up the extensions of old buildings carried by the last public
building act, and is now commencing work upon plans for the new
buildings.
The question as to the rapidity with which these buildings shall
be constructed is largely a matter of policy to be determined by Congress itself. The 1911 estimates provide ample funds to keep this
office working at full speed at its present capacity. At a time when
the revenues and expenditures of the Government are receiving the
most serious consideration at the hands of the executive branch, the
expenditure of approximately $12,000,000 annually for public buildings is worthy of serious consideration by both the legislative and
executive branches of the Government.
The following statements show the construction and financial operations of the department with reference to public buildings under its
control during the fiscal year ended June 30, 1909:
STATEMENT OF BUILDING VS.

Completed and occupied, including 48 marine hospitals and quarantine
stations
550
Drop Jamestown Exposition
1
Completed since
In course of erection (including 2 marine hospitals)^
Not commenced
:
Total



:
^

- 549
21
114
263
947

SECRETARY OF THE TREASURY.

49

In .addition, 16 extensions were completed and 31 extensions in
course of erection. There are 141 sites for which no buildings are
provided. During the fiscal year titles to 175 new sites and additions
to sites were vested in the United States.
STATEMENTS OF APPROPRIATIONS FOR PUBLIC BUILDINGS, JULY 1, 1908, TO JUNE 30,

1909.
EXPENDITURES DURING THE FISCAL YEAR.

For
For
For
For
For
For
For
For

sites and additional land
construction, extensions, and special repairs
repairs and preservation
..
mechanical equipment
vaults,- safes, and locks
plans, including books and periodicals
electrical protection to vaults
general expenses Cadministrative)
Total
1

.
.

$2, 871,653.37
8, 111, 831.31
488, 575. 97
343,216. 89
39,763.31
1,810.10
22, 045.00
46,836.80
11, 925, 732. 75

.
.

CONTRACT LIABILITIES EXISTING ON JUNE 3 0 , 1909.

On account of sites and additional land—
$1, 448, 896. 61
Less authorized contract liabilities in excess
of amounts appropriated
18, 500. 00
$1, 430, 396. 61
On account of construction, extensions, and special
repairs
15,138, 944.13
Less authorized contract liabilities in excess
of amounts appropriated
789,775.71
On
On
On
On
On
On

14,349,168.42
122,061.92
187,820.17
52,227.11
575.75
6, 986. 25
17,499.68
16,166,735.91

account of repairs and preservation
account of mechanical equipment
account of vaults, safes, and locks
account of plans, including books and periodicals
account of electrical protection to vaults
account of general expenses (administrative)
Total
BALANCES AVAILABLE JULY 1, 1909.

For
For
For
For
For
For
For
For

sites and additional land
construction, extensions, and special repairs
repairs and preservation
mechanical equipment
vaults, safes, and locks__
plans, including books and periodicals
electrical protection to vaults
general expenses (administrative)
Total

—

:

-

!__ $4,476,303.79
20, 821,476.20
553,962.10
405,312.71
91,462.66
2, 589.24
55, 470.70
825,663.52
27,232,240.92

PUBLIC HEALTH AND MARINE-HOSPITAL SERVICE.

The annual report of the Surgeon-Greneral of the Public Health
and Marine-Hospital Service, now in print, sets forth in detail the
activities of this bureau.
. 13518—FI 1909



4

50 ,

REPORT ON THE FINANCES.

The plague situation on the Pacific coast is completely in hand,
though conditions are being carefully watched at home and in foreign ports; and important preventive action is still being undertaken. Plague in India showed a decrease during the year. In South
America it remained about the same.
An important study of typhoid fever in the District of Columbia
has been made and is still in progress, the details of which are set
forth in Hygienic Laboratory Bulletin No. 52. This work presents
a standard method of investigating typhoid fever which has been
already adopted in some other cities. The bureau is also participating in the study of the pollution of interstate waters.
The bureau has participated in the movement to study and control
tuberculosis, reporting its data in Bulletin No. 57.
It has made an investigation to determine the prevalence of rabies
in the United States and its geographical distribution, and has carried on extensively the Pasteur treatment at the Hygienic Laboratory and distributed the laboratory's " fixed virus."
Four bulletins have been issued as the result of the investigations
due to the recent appearance of pellagra in this country.
The distribution of four pamphlets giving the results of investigations of the hookworm disease, and the delivery of public lectures
without cost to the Government have, in the absence of legislation,
constituted the activities of the bureau respecting this important
matter.
The leprosorium on the island of Molokai, of the Hawaiian group,
has been completed ior a scientific study of that disease in all its
stages. Six reports have been made on this subject. The service
was represented at the International Congress Against Leprosy, held
in Bergen, Norway, in August.
There has been no yellow fever in the United States during the
year.
Cholera is being closely watched in other countries.
In the United States during the year there were reported 24,650
cases of smallpox—7,583 cases less than during the preyious year.
Vaccine virus and antitoxins.
Twenty-one establishments were licensed by the department, 10 of
them being foreign, under the act approved July 1, 1902.
Investigations during the year demonstrated that foot-and-mouth
disease may be transmitted to animals through vaccine virus. An
outbreak of this disease was traced to the vaccine virus of two establishments. The license of one firm, which had expired, was not
renewed, and the license of the other was suspended until all infected
Yivw was withdrawn from the market and the infection eradicated.



SECRETARY OF THE TREASURY.

51

The infection was due to importation from abroad, and revised
regulations were therefore issued which will effectually control the
importation of this produci, whether intended for sale or for laboratory purposes.
Hygienic laboratory.
The additions tb the building, provided by Congress and trebling
its capacity, were completed during the year. Nine bulletins, containing the results of scientific investigations, were prepared for publication, four of which were issued and five deferred until the fiscal
year 1910 on account of insufficiency of the appropriation.
Sanitary conference and advisory hoard.
The Seventh Annual Conference of State and Territorial Health
Officers with the Public Health and Marine-Hospital Service was
held in Washington June 2 and 3, 1909. Twenty-six States and Territories and the District of Columbia were represented. The discussions illustrated the value of this official organization.
The advisory board of the Hygienic Laboratory was convened by
the Surgeon-General on March 26, 1909. Investigations conducted
in the laboratory were discussed, and the advice of the board obtained
with regard to the continuation of the same and new investigations.
National quarantine.
At the 44 quarantine stations in the continental United States
8,266 vessels were inspected, of which 520 were disinfected. Inspection has been maintained on the Mexican border.
National quarantine has been administered at 7 ports in the Philippine Islands, 7 in Hawaii, and 8 in Porto Kico.
Medical officers have been stationed at 8 fruit ports in Central
America to enforce special regulations relating to fruit vessels, to
permit their entry into the United States without detention.
Details have also been made to ports in Cuba, Mexico, Barbados,
and St. Thomas, to Eio de Janeiro, Callao, Guayaquil, Naples,
Calcutta, and to 2 ports in China and 3 in Japan. The officers
have exercised quarantine supervision over vessels bound to the
United States, and at a number of foreign ports have examined
aliens by request of the Immigration Bureau and steamship companies. By request of the Venezuelan authorities, on account of the
bubonic plague, an officer^ was detailed for duty at La Guiara; 1
also for immigration and quarantine service at Amoy, China, by
request of the United States consul, with special reference to the
protection of the Philippines.
In view of the establishment of a new line of steamers, plying
from Salina Cruz and Manzanillo, on the Mexican-Pacific coast,



52

REPORT ON T H E FINANCES.

direct to Honolulu, officers were appointed for the disinfection of
vessels at the two Mexican ports named to prevent the introduction
of yellow fever into the Hawaiian Islands, where this disease is at
present unknown, but where the conditions are ripe for its spread
should it be introduced.
New buildings of the quarantine station at Mobile, Ala., have been
completed. Technical difficulties in the matter of title have prevented the completion of the purchase of the Mississippi Eiver Quarantine Station, but it is expected the transaction will be completed in
the near future.. At Galveston, Tex., difficulty having been experienced in obtaining a waiver of jurisdiction over the site selected for
the new quarantine station, a new site has been determined upon,
already in the possession of the United States Government, and it is
expected the construction of the station will be begun during the coming year. One quarantine station, the South Atlantic, Blackbeard
Island, Ga., has been practically discontinued as no longer necessary,
because of changed commercial conditions. It is kept, however, in
readiness as a refuge station in case of need under skeleton organization.
Medical inspection of immigrants.
During the fiscal year, 966,124 immigrants were inspected under the
immigration laws and regulations, and 14,536 were certified for rejection on account of physical and mental defects. The inspections
were conducted at 58 stations in the continental United States,
Canada, Porto Eico, and Hawaii, but do not include the examinations
in the Philippines or at foreign ports. Personal examinations were
made of 965 aliens reported as public charges in various institutions
throughout the United States to ascertain whether they should be
deported under the immigration laws.
Service officers have also under the supervision of the Commissioner of Immigration conducted the large hospital for immigrants
at Ellis Island, where 6,186 patients were admitted for treatment.
Service publications.
During the year 246,060 copies of the various publications edited
in the bureau were distributed. These include the annual report,
the weekly Public Health Eeports, the bulletins of the Hygienic
Laboratory, and various special bulletins relating to the public health.
A new edition of the bulletin entitled " Milk and Its Eelation to the
Public Health " has been published.
^ Marine hospitals and relief.
In the 21 marine hospitals owned by the Government, and at the
126 other stations, where seamen of the merchant marine receive hos


SECRETARY OF THE TREASURY.

53

pital and dispensary treatment, there were treated during the fiscal
year 53,074 patients, of which number 14,209 were treated in hospitals and 38,865 at the dispensaries. The new marine hospital at Buffalo, N. Y., has been completed and is occupied. At the sanatorium
for consumptives at Fort Stanton, N. Mex., 399 patients were cared
for during the year.
Physical examinations, exclusive of immigrants, were made of
4,980 persons connected with the Eevenue-Cutter, Life-Saving,
Steamboat-Inspection, Immigration, and Light-House services, the
Coast and Geodetic Survey, Civil Service Commission, Isthmian
Canal Commission, and Philippine Service.
. Expenditures,
The appropriation for the ordinary maintenance of the service was
$1,299,750, of which sum $200,000 was payable from the appropriation for expenses of regulating immigration. The receipts from all
sources, repayments for care of foreign seamen, etc., were $17,712.59.
The expenditures were $1,176,549.03; estimated outstanding liabilities, $10,487.84, leaving an estimated balance of $130,425.72.
The amount available of the appropriation for preventing the.
introduction and spread of epidemic disease at the beginning of
the fiscal year was $711,007.58. An appropriation amounting to
$750,000 was made in addition to the available balance reappropriated. The expenditures were $482,993,71, leaving a balance June 30,
1909, of $978,013.87. .
The appropriations for the maintenance of the quarantine service
were $420,000. The amount of repayments was $935.46. The expenditures were $399,784.03, which, deducting outstanding liabilities,
leaves an estimated balance of $18,313.66.
The amount available of the appropriation for national quarantine and sanitation at the beginning of the fiscal year was $368,666.68;
the repayments were $92; the expenditures were $43,014.60; the balance on hand June 30, 1909, was $325,744.08.
The amount available of the appropriation for the maintenance
of the leprosy hospital, Hawaii, at the beginning of the fiscal year
was $28,258.53. An appropriation amounting to $20,000 was made
in addition to the available balance reappropriated. The expenditures were $24,442.67, which, deducting outstanding liabilities, leaves
an estimated balance of $11,815.86.
L I F E - S A V I N G SERVICE.

During the last fiscal year, 1,376 vessels suffered disaster, more or
less serious, within the field of the operations of the life-saving establishment. These vessels carried a total of 8,900 persons, including




54

REPORT ON T H E FINANCES.

passengers and crews, of which number only 30, or thirty-four onehundredths of 1 per cent, were lost. The estimated value of the vessels
was $13,143,610, and of their cargoes $9,962,470, making the total
value of imperiled property $16,106,080. The totally lost vessels
numbered 72. The following is a tabular presentation of the important statistics relating to these casualties, the data being apportioned
between documented and undocumented craft, which latter class
includes vessels of less than 5 tons burden, such as small sailboats,
launches, rowboats, etc.:
Documented
Vessels involved
.
Vessels lost
Persons on board
Lives lost
Persons succored at stations. .*...
Days' succor afforded
Value of vessels
Value of cargoes
Total value of property involved
Value of property saved
Value of property lost

.

459
5(1
6,377
8
389
779
$12,498,870
2,950,190
15,449,060
13,187,840
2,261,220

Undocumented.
917
22
2,523
22
" 22^
271.
S644,740
12,280
657,020
622,860
34,160

1,376
72
8,900
30
613
1,050
$13,143,610
2,962,470
16,106,080
13,810,700
2,295,3S0

The disasters that occurred during the year exceeded in number the
record of any former year in the history of the service, the increase
over the next preceding year being more than 25 per cent, and over
that of two years ago 64 per cent, or nearly two-thirds.
With regard to the amount of property imperiled, the year's record
also exceeds that of any former year, but the difference—$2,575,855—,
between the property values given for the last two years represents an
increase of only 19 per cent for 1909 over 1908, while the increase
was 53 per cent for 1908 over 1907, the difference being $4,697,640.
The excess in the number of disasters chronicled during 1908 over
the corresponding figures for 1907 was explained in the last annual
report as chiefly due to the extension of the field of life-saving operations resulting from the introduction of power lifeboats in the service
and to the growing popularity of gasoline motor boats for purposes
of business and pleasure. The rapid development of the same causes
accounts for the notable increase in the number of casualties which
occurred in the year last past.
Another interesting fact pertaining to this matter is the large
preponderance of undocumented vessels over documented, there
being nearly twice as many of the former as of the latter to meet
disaster. Prior to 1901 the disasters to documented vessels each
year exceeded those to undocumented. The preponderance of
motor boats in the list of 917 undocumented vessels included in
the tabular statement is likewise significant, the number being
470, or approximately 50 per cent of the class to which they belong.
I t may also be stated that of the 22 lives lost from undocumented




SECRETARY OF THE TEEASURY.

55

vessels, as shown in the table, 10 were lost from gasoline boats, exceeding by 2 the entire number lost from documented craft.
I n this connection, it is worthy of note that during the last decade
the rescue and salvage work of the service has practically doubled.
Of the 1,376 vessels mentioned in the table, 1,062, valued with their
cargoes at $2,995,760, wfere assisted by the crews of the service alone;
257 vessels, valued with their cargoes at $10,321,055, were aided by
the station crews in conjunction with revenue cutters, wrecking vessels, tugs, etc.; 16 vessels, valued with their cargoes at $1,853,150,*^
were assisted solely by private agencies; and 41 vessels, valued with
their cargoes at $936,115, were able to care for themselves without
assistance.
Assistance of more or less importance was also afforded to 171 documented and 343 undocumented vessels not included in the table,
making in all 1,833 vessels that received aid from the life-saving
establishment.
• The service crews gave warnings to 310 vessels and 161 sailing
craft standing into danger near the shore. In 246 instances these
signals were made at night and in 26 during the day. Of the vessels
so warned, 149 were steamers.
The crews also rendered much humanitarian service during the
year that had no relation to their duties in connection with casualties
to vessels. Such service included the rescue of 109 persons from
drowning and various other situations of peril, the giving of medical
and surgical attention to 57 sick and injured persons, and the succoring of 235 persons for periods amounting to two hundred and fortynine days. In addition, they performed effective service at 65 fires,
involving both government and private structures, and recovered and
restored private property of considerable value in the aggregate.
The net expenditures for the maintenance of the service during the
year were $2,215,035.52.
A t the close of the year the establishment comprised 281 stations,
distributed upon the sea and lake coasts as follows: On the Atlantic
and Gulf coasts, 201; on the coasts of the Great Lakes, 6 1 ; on the
Pacific coast, 19.
Only one additional station was put in commission during the
year, namely, that authorized by law to be established at Waaddah
Island, Neah Bay, Wash. The station authorized to be located at
Lorain, Ohio, at the mouth of Black Eiver, is advancing toward completion. Contract has been entered into for the construction of a
station at the Isles of Shoals, off Portsmouth, N. H.; and plans and
sjpecifications for stations at Green Hill, E. I., and Eagle Harbor,
Mich., are nearly completed.
The influence of the introduction of power in the lifeboats and surfboats of the service, in greatly extending its scope and enhancing




56

REPORT ON T H E FINANCES.

its efficiency, has been referred to. So indispensable have these powerboats become that they are being supplied as rapidly as possible to
all stations at which they can be advantageously used. Especial care
has been taken to have them of the very best obtainable material,
construction, and equipment. Official reports show that in the performance of wreck duty in the worst of weather they have repeatedly
accomplished hazardous enterprises, taking the crews far beyond the
former limits of their field of work. In no instance has it been shown
that they have failed to withstand the severest test. Thirty-two of
them were added to the station equipment during the year, and others
are now building.
Under the provisions of the act of Congress approved December
11, 1908, authorizing the Secretary of the Treasury " in his discretion
to transfer from time to time from the Treasury Department library
to the life-saving stations of the United States such books as, in his
judgment, may be no longer needed for use in said library," a total
of 4,388 volumes were distributed to the various stations of the service, giving to each station an average of 16 books. The collection
included 1,166 volumes of fiction, 737 of history, 673 of biography,
489 of description and travel, 229 of scientific character, 19 of fine-art
reproductions, and 1,075 of miscellaneous literature. The variety in
classification made it possible to supply each station with a selection
of reading matter sufficient to satisfy a diversity of tastes.
For several years past the Secretaries of the Treasury have called
attention in their annual reports to the desirability and justice of a
provision for pensioning the keepers and crews of the service disabled
in the line of duty, and especially for some measure providing for
the retirement of those whose usefulness has been more or less impaired by disease, injury, and the infirmities of age, or who have
become entirely disqualified for continuance in the service from these
causes. Previous to the passage of the act of March 26, 1908, it was
shown that the efficiency of the service itself was seriously affected by
the lack of able-bodied men, it having been found impossible to enlist
suitable surfmen at the compensation then paid. The act referred
to has materially improved the situation in this respect. A situation
yet remains, however, which compels the injustice, not to say inhumanity, of thrusting out upon the world men who, in devoted service
to the Government, have become incapacitated for earning a living
in any private vocation—^men who have to their credit deeds of
heroism and self-sacrifice that have honored the nation and won
for this branch of our public service acknowledged preeminence.
Such a condition is not in accord with the present-day civilization
as shown in the adoption of the pension idea by leading nations
abroad, and as manifested in our own country by the action of the
principal municipal governments and the most prominent public




SECRETARY OF THE TREASURY.

'

57

service and private corporations in providing pensions and retirement for those classes of employees who engage in hazardous service.
Former recommendations for remedial legislation along the line
indicated are therefore earnestly renewed.
R E V E N U E - C U T T E R SERVICE.

The following is a synopsis of the regular work of the United
States Eevenue-Cutter Service during the fiscal year 1909, with thenet expenditure:
Lives saved (actually rescued) from drowning
56
Persons on board vessels assisted
5, 050
Persons in distress taken on board and cared for
454
Vessels assisted—^
i
156
Vessels boarded and papers examined
14, 826
Vessels seized or reported for violation of law
330
Fines and penalties incurred by vessels reported
$39,175
Value of vessels assisted and their cargoes
$13, 940, 709
Derelicts and obstructions to navigation removed or destroyed-26
Net expenditure:
Appropriation for maintenance of the service, including appropriation for special repairs
$2, 423, 564. 74
Estimated unexpended balance
.__!
$5, 599.06

The duties of the service along the coasts of the United States,
embracing Alaska and Porto Eico, and on the Great Lakes, have
been carried out in a faithful and an efficient manner. The fur-seal
fisheries in the north Pacific Ocean and Bering Sea have, as usual,
received protection by the detail of four cutters, which have actively
cruised in those waters during the season when depredations are
likely to occur. These vessels have performed also other important
duty in connection with the public interests in Alaska. On July 22,
1908, the Japanese schooners Saikai Maru and Kinsai Maru were
seized for sealing within the waters of St. Paul Island. Their officers
and crews were subsequently tried at Valdez, Alaska, and convicted.
The Thetis made the annual cruise into the Arctic Ocean, did much
valuable work generally in northern Alaska, and rendered timely
assistance to various passenger and freight steamers which were
caught and imperiled in the ice packs while trying to reach Nome on
the first opening of navigation. Owing to the number of vessels
bound for St. Michael and Nome which now enter Bering Sea early
in June, when ice conditions are often extremely hazardous, it probably will be necessary in future to have two revenue cutters in the
vicinity of the ice fields at that time for the purpose of aiding
shipping.
During the year there have been in active commission 26 cruising
cutters, and 18 harbor vessels and launches which are charged with
boarding duty and the enforcement of anchorage laws at various




.58

REPORT ON THE FINANCES.

designated ports. Under authority of the provisions of law, 12 officers have been on detached duty in connection with the Life-Saving
Service, for the purpose of inspecting the life-saving stations and
their equipments, drilling their crews, enforcing discipline, and superintending the construction of buildings, boats, and other appliances.
The work of assisting vessels in distress has been active and efficient.
The cruising cutters have performed excellent service in this respect
and have been quick to respond to the calls made upon them by
merchant craft in need of succor. On the same day, December 29,
1908, two abandoned lumber-laden schooners of considerable value,
which had been picked up adrift at sea, were towed into Chesapeake
Bay, one by the Seneca and the other by the Onondaga,^ and promptly
turned over to the owners. The record shows that the value of
marine property assisted was gre,ater than in any previous year since
the establishment of the service. The installation of wireless telegraph, and its effective maintenance, on the seagoing vessels of the
service have aided materially yi relief and rescue work. This was
strikingly shown when four revenue cutters started from distant
parts of the coast for the sinking steamship Repuhlic^ in collision off
Nantucket Shoals, immediately upon receipt of her wireless call for
help. A boat from the Gresharri rescued the last survivors as the ship
went down.
*
The duties of the Eevenue-Cutter Service are increasing in scope
and importance, and now include the enforcement of nearly every
statute bearing upon the maritime interests of the country. I t performs, besides, considerable work not specifically required by law.
I n the past year it has rendered assistance, in one way or another, to
about every department under the Government. The military
requirements of the service, both as to drills and discipline, have
been fully complied with and efficiently maintained.
Vessels,
i t is recommended that the Woodbury^ Forward^ Perry^ and Rush
be replaced, as soon as practicable, by modern, able, well-equipped
vessels. The cutters named are obsolete, have been under constant
repairs for many years, and are not suitable, either as to hulls or
machinery, for the work they are intended to perform. The Rush^
which was the last of these vessels built, has done service on the
Pacific coast and the waters of Alaska for 24 years, while the Woodbury is 45 years old. There is required also a stanch, seagoing cutter
for the Gulf coast, to aid distressed craft in those waters. A suitable boarding vessel, to cost not more than $80,000, should be provided for the port of Chicago. On account of the great shipping
and commercial interests in that locality such a vessel is needed not




^ SECRETARY OF THE TREASURY.

59

only for the increasing requirements of the port named, but for duty
on the south and east shores of Lake Michigan. The recommendation is renewed that the steamer Manhattan^ which is detailed to
enforce the anchorage laws of the port of New York, be replaced by
a modern vessel.
Control of regattas—Seal islands.
Special attention is invited to the service rendered by revenue
cutters, first, in enforcing under the present law regulations to promote the safety of life during regattas and marine parades, and, second, in patrolling the North Pacific Ocean and Bering Sea, for the
protection of the fur seals. Eevenue cutters are called upon constantly in the summer season to patrol the courses of yacht and boat
races on all parts of the sea and lake coasts, at the request of the
Department of Commerce and Labor. The rigorous patrol by vessels
of the service maintained in northern waters for a considerable period
of each year, the greater part of which work is in the vicinity of the
Pribilof Islands, is carried out also at the request of that department.
The execution of both of these services is necessarily under the immediate direction of the Secretary of the Treasury, who issues the instructions for the proper conduct of the patrols named. Formerly all
this work was under the Treasury Department exclusively. The present system, whereby another department exercises certain" jurisdiction, while this department attends to and carries out all the essential and important details, is cumbrous and unsatisfactory. I t is believed that it would be in the interest of the Government and the public
to place the authority for the control of regattas and marine parades
and the administration of the seal islands entirely with the EevenueCutter Service. Eelative to the latter, it would seem, from the very
nature of the case, that better results would be obtained for the protection, of seal life and the government and care of the natives on the
islands.
Removing dangers to navigation.
The Seneca.^ authorized by Congress to destroy or remove derelicts
and othier obstructions to navigation and the only vessel of her kind
in the world, was placed in active service in November, 1908, with
headquarters at Tompkinsville, N. Y. She was assigned a district on
the North Atlantic Ocean bounded by a line from Portland, Me., to
Sable Island, Nova Scotia; thence to the Bermuda Islands, and thence
to Charleston, S. C. The meritorious work of this vessel off the" east
coast of the United States in keeping the ocean highways clear of
dangerous obstructions to shipping has exceeded expectations, and
she has proved herself a valuable auxiliary to commerce. I n this
connection, it may be stated that all revenue cutters of the first class
on the Atlantic seaboard are provided with explosives suitable for the




60

REPORT ON T H E FINANCES.

work of removing sunken wrecks and other marine obstructions as
occasion may require.
Transfer of Fort Trumbull.
The transfer to this department is again recommended of the
Fort Trumbull reservation in Connecticut, which the War Department is willing to relinquish with certain limitations, that it may
be used by the school for the instruction and training of cadets which
is now located at Arundel Cove, Md. The reasons for this transfer
were clearly set forth in the last annual report.
DIVISION O F LOANS A N D C U R R E N C Y .

The changes in the amount of the interest-bearing debt during the
fiscal year ended June 30, 1909, are shown in the following statement:
A m o u n t o u t s t a n d i n g J u n e 30, 1908—^
P a n a m a C a n a l bonds issued, Series 1908

$897, 503, 990
30, 000, 000

Less 3 per cent certificates of indebtedness, redeemed
O u t s t a n d i n g J u n e 30, 1909

927, 503, 990
14,186, 500
913,317,490

The changes in the amounts of the several kinds of money in the
United States, outside the Treasury, between November 1, 1908, and
November 1,1909, are shown in the table following:
COMPARATIVE STATEMENT S H O W I N G T H E CHANGES I N CIRCULATION.
In circulation In circulation
Nov. 1, 1908.
Nov. 1, 1909.

Classes.
Gold c o i n .
Standard silver dollars
Subsidiary silver
. .
Gold certificates
Silver certificates
Treasury notes, act of July 14,3890
United States n o t e s . . .
National-bank notes

"..

3,098,498,021

Total
Net increase

8610,060,562
74,740,245
131,663,701
807,246,389
483,899,842
4,691,225
342,994,056
643.202,001

Decrease.

lucrease.

$598,773,175 $11,287,387
356,388
74,383,857
$10,660,337
142,324,038
795,205,489 12,040, 900
481,794,889 2,104,953
669,690
4,021,535
814,094
342,179,962
685,996,112
42,794,111
3,124,679,057

."

27,273,412

53 454,448
26,181,036

DIVISION OF P U B L I C M O N E Y S .

The monetary operations of the Government have been conducted
through the Treasurer of the United States, nine subtreasury officers,
the treasury^ of the Philippine Islands, the American Colonial Bank
of Porto Eico, the Banco de la Habana, the National Bank of Cuba,
and 1,457 national-bank depositaries.
The amount of public moneys held by the bank depositaries on
June 30, 1909, including funds to the credit of the Treasurer's general account and United States disbursing officers, was $71,662,801.28,
a decrease since June 30, 1908, of $88,694,198.42. On June 30, 1909,
there were 439 regular and 975 temporary depositaries; 23 were
designated during the fiscal year and 43 discontinued. On Novem


SECRETARY OF THE TREASURY.

61

ber 1, 1909, the number of depositaries was 1,388 and the amount of
public moneys held by them was $49,497,653.76.
DIVISION OF B O O K K E E P I N G AND WARRANTS.

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

.
'

1
-

Total

$37, 000. 00
58, 000. 00
i — 335,666. 66§
430, 666. 66§

A history of these state stocks and bonds is given in House Document No. 263, Fifty-fourth Congress, second session.
Territory of Hawaii,
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 $2,357.05 in postal savings
certificates not yet presented for payment.
The appropriation of $1,000,000 provided by the 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 26 awards, amounting to $1,730.51, are now outstanding.
SECRET-SERVICE DIVISION.

The secret-service division reports continued and somewhat extraordinary activity among counterfeiters in the larger industrial and
commercial districts. There were 19 new issues of counterfeit notes
during the year, several of which were in the dangerous class. There
was effective cooperation between municipal authorities and agents
of the Treasury Department wherever the counterfeiters seemed most
active, and the principals with many of their associates in the most
important conspiracies were arrested and either have been convicted
or are awaiting trial. Several organizations were discovered whose
supplies were imported from certain districts in Italy where the notes
were manufactured, and in these cases the prisoners were found to be
closely* affiliated with what is usually known as the " Mafia " and
" Black Hand " societies. The activity and loyalty of the members of
the field force of the division and its efficiency seem to have been
maintained at their normally high level. The arrests numbered 400
against 345 the previous year, and the counterfeit coins and notes confiscated represented $67,091.42 in value.



62

REPORT ON T H E FINANCES.

'

DIVISION OF PRINTING AND STATIONERY.

Printing and binding.
The expenditure for printing and binding for the entire Treasury
service during the year amounted to $368,217.95, as follows:
Bureaus, offices, and divisions of the d e p a r t m e n t :
Chief Clerk
Office of the Secretary
Office of the Comptroller of the Treasury
Office of the Comptroller of the Currency
Office of the Auditor for the—
T r e a s u r y Department
1
—
W a r Department
Interior Department
Navy D e p a r t m e n t
State and other Departments
Post-Office Department
T r e a s u r e r of the United States
:
_—lT r e a s u r e r of the United States (N. B. R. A.)
1
Register of the T r e a s u r y
Commissioner of I n t e r n a l Revenue
Director of Bureau of Engraving and P r i n t i n g
Supervising Architect
Director of the Mint
Surgeon-General Public H e a l t h and Marine-Hospital Service
General Superintendent Life-Saving Service

$6, 528.12
79,766.85
6,466. 86
29, 770. 59
1, 817. 64
3, 623. 87
1,433.00
1, 338. 42
1, 502. 79
9, 593. 24
7, 294. 61
7,015.50
4,303.16
10,488.47
8, 281. 91
31, 273. 58
5, 039. 02
25, 537. 88
7, 592.46

248, 667. 97
T r e a s u r y service outside of W a s h i n g t o n :
Customs Service
$61, 326. 53
Independent T r e a s u r y Service
8,368. 81
National-bank depositaries
2, 600.39
Life-Saving S e r v i c e — 1, 530. 77
Public H e a l t h and Marine-Hospital Service
2, 456. 72
Revenue-Cutter Service
3, 7t)7. 69
Internal-Revenue Service
31, 529. 57
M i n t . a n d Assay Service
6,727.94
Superintendents of construction of public buildings245.10
Custodians of public buildings
576. 92
Special T r e a s u r y agents
:
98.17
Transportation companies
381. 37
• 119, 549. 98
Total

-1

1

1

«368, 217.95

The total expenditure for printing and binding for the fiscal year
1908 was $346,900.61. A comparison of the expenditures for 1909
as above shown discloses an increase of $21,317.34 for 1909. The




« This expenditure w a s reimbursed by $7,532.06.

SECRETARY OF THE TREASURY.

63

increase is due to a change in the cost rate of the Government Printing Office and the natural growth of business.
Stationery,
The cost of the stationery supplied to the officers of the whole
Treasury service during the year 1909 amounted to $114,273.52, while
that for the previous year amounted to $108,809.28, showing an
increase in expenditure in 1909 of $5,464.24.
Amount appropriated for stationery for the department proper
for the fiscal year 1909 was $45,000.
The expenditures on account of this appropriation were divided
between the bureaus, offices, and divisions of the department as follows:
Office of the Secretary:
Secretary and Assistant Secretaries
Chief Clerk and Superintendent
Disbursing clerks
Division of Appointments
Division of Bookkeeping and Warrants
Division of Customs
--,
Division of Public Moneys
Division of Printing and Stationery
Division of Loans and Currency
Division of Revenue-Cutter Service
Division of MaU and Files
Division of Special Agents
Division of Secret Service
Committee on personnel
^
Government Actuary
i
Transportation Rate Board

.
:

$591.48
1, 987'. 83
403. 88
510.34
869. 25
576. 29
134.18
440. 58
2, 896.97
321. 68
1,129.68
112. 00
145.51
5.82
5.04
143. 05

$10, 273.58
Office of Comptroller of the Treasury
— 343. 04
Office of Comptroller of the Currency
.
i
^ 6, 507.12
Office of Auditor for Treasury Department
530.49
Office of Auditor for,War Department
1,697.99
Office of Auditor for Interior Department
771.97
Office of Auditor for Navy Department
626. 79
Office of Auditor ior State and other Departments
423.38
Office of Auditor for Post-Office Department
4, 865. 33
Office of Treasurer of the United States
7, 978.90
Office of Register of the Treasury
319. 60
Office of Commissioner of Internal Revenue
6,028.34
Office of Director of Bureau of Engraving and Printing-. 319. 89
Office of Supervising Architect
..,- 1,887.07
Office of Director of the Mint
— 164. 95
Office of Surgeon-General Public Health and MarineHospital Service
^
701.78
Office of General Superintendent Life-Saving Service
280. 85
• 33,447.49
Total — „ , , . „ . — „ . , ,
-„
- . _ . 43, 721.07




64

REPORT ON THE FINANCES.

The amount expended during the fiscal year 1908 (department
proper) was $46,663.63; the expenditure for 1909 was $43,721.07, a
decrease for the latter year of $2,942.56.
The amount expended for stationery furnished to the different
branches of the outside Treasury service during the fiscal year 1909
amounted to $70,552.45, distributed as follows:
Customs Service
_—
Internal-Revenue Service
Independent Treasury Service
Public Health and Marine-Hospital Service
Revenue-Cutter Service
:
Life-Saving Service
Mint Service
Secret Service
Engraving and Printing
;
Supervising Architect
National-Bank Redemption Agency
.
Custodians of public buildings
Superintendents of construction of public buildings
Alaska-Yukon-Pacific Exposition
National Monetary Commission
General Supply Committee
Total

„-

.

1

$30, 661. 01
16, 515. 05
5, 873.17
2, 574.81
1, 653. 82
1,130.36
1, 371.40
146. 61
2, 971. 20
49. 50
3, 732. 86
1,403.42
2, 023. 81
12.69
196.11
236. 63
70, 552. 45

Attention is called again to the objectionable method of appropriating money for the purchase of stationery for this department and
to the embarrassment occasioned thereby.
The present practice, which has existed for many years, is to appropriate a certain amount ($40,000 being the amount for the present fiscal year) for the purchase of stationery for the department
proper and its several bureaus, offices, and divisions in Washington;
but in order to secure the benefits of the favorable department contract prices, the several outside Treasury services are supplied from
this appropriation by means, of a repay method by which sixteen
different appropriations reimburse the stationery appropriation, to
the amount (this year) of $70,552.45. This method, is cumbersome,
dilatory, and expensive, and serves no good purpose. Under its
operation contractors' bills for supplies furnished can not be paid as
promptly as they ought to be, on account of the delay experienced in
obtaining repay credits. Eepay accounts are not approved by the
auditor in the absence of the receipts of consignees for supplies furnished them, and these receipts, in many instances, are not received
for weeks after shipment; consequently the fund from which bills
are paid is but slowly replenished.
If a lump sum were appropriated for the whole service, as is done
in the case of the printing and binding, the public business would be




SECRETARY OF THE TREASURY.

65

simplified and improved, and the recommendation of last year for
legislation to that end is renewed.
The total amount required would be, in round numbers, $115,000,
about $70,000 of which would be for the outside reimbursing services,
as given in detail in the foregoing table.
The magnitude of the correspondence conducted by this department is illustrated by the number of envelopes used by the 1,800
chief officers of the Treasury service, 12,900,000 having been issued
during the year.
13518—FI 1909

5







TABLES ACCOMPANYING THE REPORT ON THE FINANCES.




67




T A B L E A.—STATEMENT OP THE OUTSTANDING PKINCIPAL OF THE PUBLIC D E B T OP THE UNITED STATES J U N E 30,
Length of
loan.
OLD DEBT.
For detailed information in regard to the earlier loans embraced under
this head, see Finance Report for 1876.
TREASURY NOTES PRIOR TO 1846.
Acts of October 12,1837 (5 Statutes, 201); May 21,1838 (5 Statutes, 228);
March 2,1839 (5 Statutes, 323); March 31, 1840 (6 Statutes, 370); February 15,1841 (5 Statutes, 411); January 31,1842 (5 Statutes, 469); August 31,1842 (5 Statutes, 581); and March 3, 1843 (5 Statutes, 614).
TREASURY NOTES OF 1846.
Actof July 22,1846 (9 Statutes, 39)
MEXICAN INDEMNITY.
Act of August 10, 1846 (9 Statutes, 94)
TREASURY NOTES OF 1847.
Act of January 28, 1847 (9 Statutes, 118)
TREASURY NOTES OF 1857.
Actof December 23, 1857 (11 Statutes, 257)
BOUNTY-LAND SCRIP.
Act of February 11,1847 (9 Statutes, 125)
'.
LOAN OF 1847.
Act of January 28,1847 (9 Statutes, 118)
TEXAN INDEMNITY STOCK.
Act of September 9, 1850 (9 Statutes, 447)
LOAN OF 1858.
Act of June 14,1858 (11 Statutes, 365)
LOAN OP FEBRUARY, 1861 (1881s).
Act of February 8,1861 (12 Statutes, 129)
TREASURY NOTES OF 1861.
Actof March 2, 1861 (12 Statutes, 178)
OREGON WAR DEBT.
Actof March 2,1861 (12 Statutes, 198)
a Included in old "debt."




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

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

Amount
authorized.

1909.

Amountissued. Amount outstanding.

8151,635.26

Indefinite .

Par.

$51,000,000.00

$47,002,900.00

(«)
O

1 year

1 year from
date.

^ of 1 to 6| P a r .
per cent.

10,000,000.00

7,687,800.00

5 years

5' years from.
•
date.

5 per cent... P a r .

320,000.00

303,573.92

(«)

23,000,000.00 &26,122,100.00

fej
H .

(«)

(«)

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

1 year
date.

from

3 to 6 per
cent.

Par.

Indefinite... At the pleas- 6 per cent. . ' p a r .
ure of the
Govemment.
Jan. 1,1868.... 6 per cent. . l i to 2
20 years
per ct.
pre.
Par
J a n . l , 1865.... 5 p e r c e n t . . .
14 years

Indefinite . ..
Indefinite

52,778,900.00

O

(«)

233,075.00

>

(«)

23,000,000.00 0 28,230,350.00

H
W

>
960.00

10,000,000.00

5,000,000.00

20,000.00

20,000,000.00

20,000,*000.00

2,000.00

10 or 20 years Dec. 31,1880 .\. 6 p e r c e n t . . . (Av.)89.03| 26,000,000.00

18,416,000.00

Ul

5,000.00

15 years

60 days or 2
years.

Jan. 1,1874.... 5 per c e n t . . . Av. pre
of 3 ^ .

35,364,460.00
60 days or 2 6 p e r c e n t . . . Par to Indefinite
years after
date.
ct.pre.
1,090,850.00
2,800,000.00
July 1,1881 . . . 6 per cent. . Par
20 years.
0 Including conversion of Treasury notes.
b Including reissues.

2,300.00
2,250.00
05
CO .

TABLE A.—STATEMENT OP THE OUTSTANDING PRINCIPAL OF THE PUBLIC DEBT, ETC—Continued.
When redeemable.

Rate of interest.

Price
atwhich
sold.

After J u n e 30,
1881.

6 per cent..

Par.

Indefinite . . A t t h e pleasu r e of t h e
Government.

Sh p e r c e n t .

Length of
loan.

Amount
authorized.

Amountissued.

o
Amount outstanding.

LOAN OF JULY AND AUGUST, 1861.
The act of July 17,1861 (12 Statutes, 259), authorized the issue of 20 y e a r s .
$250,000,000 bonds, with interest at not exceeding 7 per centum per
annum, redeemable after twenty years. The act of August 5,1861
(12 Statutes, 316), authorized the issue of bonds, with interest at 6 per
centum per annum, payable after twenty years from date, in exchange for 7-30 notes issued under the act of July 17, 1861.
LOAN OF JULY AND AUGUST, 1861.
Continued at Si per cent interest, and redeemable at the pleasure of the
Government.
OLD DEMAND NOTES.
Acts of July 17, 1861 (12 Statutes, 259); August 5, 1861 (12 Statutes, 313);
February 12, 1862 (12 Statutes, 338).
SEVEN-THIRTIES OF 1861.
Act of July 17, 1861 (12 Statutes, 259)
'
,
FIVE-TWENTIES OF 1862.
Acts of February 25, 1862 (12 Statutes, 345); March 3, 1864 (13 Statutes,
13), and January 28, 1865 (13 Statutes, 425).
LEGAL-TENDER NOTES.
The act of February 25, 1862 (12 Statutes, 345), authorized the issue of
$150,000,000 United States notes, not bearing interest, payable to
bearer at the Treasury of the United States, and of such denominations, notless than five dollars, as the Secretary of the Treasury
might deem expedient, $60,000,000 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 a n 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




A u g . 19 a n d
Oct. 1, 1864.

O
H

60,000,000.00 a 60,030,000.00

1 ^ p e r c e n t . Av. pre.
of TWU-

5 or 20 y e a r s . M a y 1, 1867 . . . 6 p e r c e n t . . . Av. p r e .
of xWiTI n d e f i n i t e . . On d e m a n d . .

$15,050.00

1,600.00

I n d e f i n i t e . . On d e m a n d . . . N o n e .

3 years

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

None

Par.

53, 282.50

O

Indefinite

139,999,750.00

9,400.00

W

515,000,000.00

514,771,600.00

,108,250.00

450,000,000. .00

346,681,016.00

a
C/3

Treasury notes might be exchanged for United States bonds to July
1,1863. The amount of notes authorized by this act were to be in
lieu of $100,000,000 authorized by the resolution of January 17,1863
(12 Statutes, 822). The act of May 31, 1878 (20 Statutes, 87), provides
that no more of t h e United States legal-tender notes shall be can' celed or retired, and that when any of said notes are redeemed or
received into the Treasury under any law, from any source whatever, a n d 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 t o t h e Treasury for redemption, shall be redeemed in gold
coin of t h e 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
reservefund of one hundred and fifty million dollars in gold coin and
bullion, to be used for such redemption purposes only, and that
whenever and as often as any of said notes shall be redeemed from
said fund it shall be the duty of the Secretary of the Treasury to
use said notes so redeemed to restore and maintain the reserve fund
so established-rfirst, 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 foregoing methods, and the amount of such gold coin and bullion in
said fund shall at any time fall below one hundred million dollars,
it shall be his duty to restore the same to the maximum sum of one
hundred 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.
The act of March 4, 1907, section 2, provides that whenever and so
long as the outstanding silver certificates of the denominations of
one dollar, two dollars, and five dollars, issued under the provisions
of section seven of a n act entitled " A n act to define and fix the
standard of value, to maintain the parity of all forms of money
issued or coined by the United States, to refund the public debt, and
for other purposes," approved March fourteenth, nineteen hundred,




Ui

fel
O

>
Kl
O

>^
H
W

>

Ul

a Including reissues.

-:i

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

to
•••""

Length of
loan.

\Yhen redeemable.

Rate of in- at Price
which
terest.
sold.

Amount
authorized.

Amountissued.

Amount outstanding.

LEGAL-TENDER NOTES—Continued.
shall be, in the opinion of the Secretary of the Treasury, insuflacient
to meet the public demand therefor, he is hereby authorized to issue
United States notes of the denominations of one dollar, two dollars,
and fivedollars, and upon the issue of United States notes of such
denominations an equal amount of United States notes of higher
denominations shall be retired and canceled: Provided, however,
That the aggregate amount of United States notc^s-at any time outstanding shall remain as at present fixed by law: And provided
further, That nothing in this act shall be construed as affecting the
right of any national bank to issue one-third in amount of its circulating notes of the denomination of five dollars, as now provided by

fej

o
H
O

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).

Indefinite .. After 10 days'
notice.

4, 5, and 6
per cent.

Par

$150,000,000.00 a$716,099,247.16

$2,850.00

561,753,241.65

3,000.00

W

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

lyear

1 year
date.

after

6 per c e n t . . . Par

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

50,000,000.00 a368,720,079.51

.

6,860,787.28

LOAN OF 1863. '
July 1, 1881. -. 6 per cent... Av. pre.
The actof 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 per centum per
o f 4^%%%.
annum, and redeemable in not less than- ten nof more than forty
years, principal and interest payable in coin. The act of June 30,1864
(13 Statutes, 219), repeals the above authority, except as to the
$75,000,000 of bonds alreadv advertised for.
Bonds of this loan continued at 3i per cent interest, and redeemable Indefinite.. At the pleas- 3^ percent.. P a r .
ure of the
at the pleasure of the Government.
Government.




>

o

75,000,000.00

75,000,000.00

3,100.00

100.00

fej
Ul

ONE-YEAR NOTES OF 1863.
Actof March 3,1863 (12 Statutes, 710)

after 6 per c e n t . . . Par

400,000,000.00

44,620,000.00

80,370.00

2 years after
date.

5per c e n t . . . Par

400,000,000.00

166,480,000.00

26,850.00

3 years from
date.

6 per cent Par
compound.

400,000,000.00

266,696,440.00

159,480.00

200,000,000.00

196,118,300.00

18,660.00

5 or 20 years. Nov.l, 1869... 6 per c e n t . . . Av. pre 400,000,000.00
of 2 , ^ .

125,661,300.00

14,000.00

Aug. 15, 1867
June 15, 1868 ^7^ per cent. Av. pre 800,000,000.00 0829,992,600.00
July 15, 1868
of 2x§§,j.

120,400.00

^
O

203,327,250.00

19,850.00

^^
H

332,998,950.00

59,550.00

Ul

379,618.000.00

94,700.00

42,539,930.00

10,100.00

76,000,000.00 I a85,165,000.00

.6,000.00

1 year

1. year
date.

2 years

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

3 years

Acts of March 3, 18641(13 Statutes, 13)

10 or 40 years Mar. 1, 1874... 5 per c e n t . . . Par to 7
perct.
prem.

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

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

.-

^
fej
O
§

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

3 years

FIVE-TWENTIES OF 1865.

W

Acts of March 3,1865 (13 Statutes, 468), and April 12.1866 (14 Statutes, 31).. 5 or 20 years- Nov. 1, 1870... 6 per cent... Av. pre

Indefinite .

of 3XWTI.

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

fej

6 per c e n t . . . Av. pre Indefinite..
ofl^^.

>

CONSOLS OF 1867.
Acts of March 3,1865 (13 Statutes, 468), and April 12,1866 (14 Statutes, 31).. 5 or 20 years. July 1, 1872... 6 per c e n t . . . Av. pre
OfxMtJ
CONSOLS OF 1868.

Indefinite . . .

Actsof March 3,1865 (13 Statutes, 468), and April 12,1866 (14Statutes,31),.. 6or 20 years. July 1,1873... 6 per cent-.. Av.pre
ofx^
THREE-PER-CENT CERTIFICATES.

Indefinite .

Actsof March2,1867 (14 Statutes, 558), and July 25,1868 (15 Statutes,.183).. Indefinite . . I On demand. ..13 perr cent, . . . Par
3 pe cent
a Including reissues.




CO

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

When redeemable.

Rate of interest.

Price
at which
sold.

Amount
authorized.

Amountissued.

Amount outstanding.

FUNDED LOAN OF 1881.
The act of January 14,1875 (18 Statutes, 296), authorizes the Secretary
of the Treasury to use any surplus revenues from time to time in the
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 redeinption of fractional currency in
silver coins of the denominations of ten, twenty-five, and fifty cents
of standard value.
The act of March 3, 1875 (18 Statutes, 466), directs the Secretary of the
Treasury to issue bonds of the character aud description set out in
the act of July 14, 1870 (16 Statutes, 272), to James B. Eads, or his
legal representatives, in pajinent at par of the warrants of the Secretary of War for the construction of jetties and auxiliary works to
maintain a wide and deep channel between the South Pass of the
Mississippi River and the Gulf ot 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 6-20'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. 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.




fej
hj
O

H
O
i^
H
-10 years

May 1, 1881..

5 percent.

Par.

$517,994,150.00

$22,600.00

W
fej
fej
l-H

>
o
fej
Ul

$1,500,000,000

FUNDED LOAN OF 1891. (REFUNDING.)
The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of
8300,000,000 a t 4i per centum, payable in coin of the present standard value, at the pleasure of the United States Government, after
fifteen years; these bonds to be exempt from the payment of all
taxes or duties of t h e 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 a n 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 6-20's, par for par. Payment of these bonds, when due, to
be made in order of dates and numbers, beginning with each class
last dated and numbered. Interest to cease at the end of three
months from notice of intention to redeem.

15 years.

Sept. 1,1891.

4iper cent.. P a r .

185,000,000.00

23,760. 00

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FUNDED LOAN OF 1891. (RESUMPTION.)
T h e a c t o f January 14, 1875 (18 Statutes, 296), authorizes the Secretary
of the Treasury to use any surplus revenues from time to time in the
Treasury not otherwise appropriated, and to issue, sell, dispose of,
at not less than par in coin, either of the descriptions of bonds of the
United States described in the act of July 14, 1870 (16 Statutes, 272),
for the purpose of redeeming, on and after January 1, 1879, in coin,
at the office of the assistant treasurer of the United States in New
York, the outstanding United States legal-tender notes when presented in sums of not less than fifty dollars.

15 years-

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

Indefinite .

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65,000,000.00

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FUNDED LOAN OF 1907. (REFUNDING.)
The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of
$1,000,000,000 at 4 per centum, payable in coin of the present standard
value, at the pleasure of the United States Government, after thirty
years; these bonds to be exempt from the payment of all taxes or
duties of the United States, as well as from taxation in any form by
or under State, municipal, or local authority. Bonds and coupons
payable at tbe Treasury of the UnitedStates. This act not to authorize a n increase of the bonded debt of the United States. Bonds
to be sold at not less than par in coin, and the proceeds to be applied
to the redemption of outstanding 5-20's, or to be exchanged for said
5-20's, par for par. Payment of these bonds, when due, to be made in
order of dates and numbers, beginning with each class last dated and
numbered. Interest to cease at the end of three months from notice
of intention to redeem. See Refunding Certificates, page 77.

30 years.

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

710,430,950.00

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1,857,350.00

FUNDED LOAN OF 1907. (RESUMPTION.)
The act of January. 14, 1876 (18 Statutes, 296), authorizes the Secretary
of the Treasury to use any surplus revenues from time t o t i m e i n t h e
Treasury not otherwise appropriated, and to issue, sell, dispose of.




H.

30 years.

July 1,1907 ... 4 per cent .

Par.

Indefinite ..

30,500,000.00

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

When redeem- Rate of inable.
terest.

Price
at which
sold.

On demand .. N o n e .

Par.

Amount
authorized.

Amount issued.

Amount outstanding.

FUNDED LOAN OF 1907 (RESUMPTION)—Continued.
at not less than par, in coin, either of the description of bonds of
the United States described in the act of July 14,1870 (16 Statutes,
272), for the purpose of redeeming, on.and after January 1, 1879, in
coin, at the office of the assistant treasurer of the United States in
New York, the outstanding United States legal-tender notes when
presented in sums of not less than fifty dollars.
GOLD CERTIFICATES.
The act of March 3,1863 (12 Statutes, 711), authorizes the Secretary of Indefinite .
the Treasury to receive deposits of gold coin and bullion in sums of
not less than twenty dollars, and to issue certificates therefor in
denominations of not less than twenty dollars each; the coin and
bullion deposited for or representing the certificates to be retained
in the Treasury for the payment of the same on demand. The certificates so issued tobe received at par in payment of interest on the
public debt and for duties on imports. The act of July 12, 1882 (22
Statutes, 165), provides that the Secretary of the Treasury shall suspend the issue of gold certificates whenever the amount of gold
coin and gold bullion in the Treasury reserved for the redemption of
United States notes falls below one hundred millions of dollars.
The act of March 14, 1900, as amended by t h e act of March 4, 1907,
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 ten 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 t h e 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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Indefinite .

$852,601,869.00

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SILVER CERTIFICATES.
The act of February 28, 1878 (20 Statutes, 26, sec. 3), provides that any Indefinite ., O n d e m a n d . .
holder of the coin authorized by this act may deposit the same with
the Treasurer or any assistant treasurer of the United States in sums
not less than ten dollars and receive therefor certificates of not less
than ten dollars each, corresponding with the denominations of the
United States notes. The coin deposited for or representing the certificates shall be retained in the Treasury for the payment of the
same on demand. Said certificates shall be receivable for customs,
taxes, and all public dues, and, when so received, may be reissued.
The actof,August 4, 1886 (24 Statutes, 227), authorizes the issue of
silver certificates in denominations of one, two, and 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.
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 un"der
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 upou the cancellation of Treasury notes, silver certificates shall be issued against the silver dollars so coined. The
act also provides that silver certificates shall be issued only of
denominations of ten dollars and under, except that not exceeding
in the aggregate ten per centum of the total volume of said certificates, in the discretion of the Secretary of the Treasury, may be
issued in denominations of twenty dollars, fifty dollars, and one
hundred dollars; and silver certificates or h gher denomination
t h a n ten dollars, except as therein provided, shall, whenever received at the Treasury or redeemed, be retired and canceled, and
certificates of denominations of ten dollars or less shall be substituted therefor, and after such substitution, in whole or in part, a
like volume of United States notes of less denomination than ten
dollars shall from time to time be retired and canceled, and notes
of denominations of ten dollars and upward shall be reissued in
substitution therefor, with like qualites and restrictions as those
retired and canceled.

None .

No limit.

484,414,000.00

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REFUNDING CERTIFICATES.
The act of Februairy 26,1879 (20 Statutes, 321), authorizes the Secreiary
of the Treasury to issue, in exchange for lawful money ofthe United
States, certificates of deposit of the denomination of ten dollars,
" bearing interest at the rate of four per centum per annum, and con^
vertible at any time, with accrued interest, into the four per centum
bonds described in the refunding act, the money so received to be
applied only to the payment of the bonds bearing interest at a rate
not less than five per centum, in the mode prescribed by said act.




Indefinite .. C o n v e r t i b l e
into 4 per
cent bonds.

4 percent.., P a r .

No limit.

$40,012,750.00

17,720.00

-cr
-cr

TABLE A.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF T H E PUBLIC DEBT, ETC.—Continued.
Rate of in- at Price
which
terest.
sold.

Length of
loan.

When redeemable.

Indefinite .

At pleasure of
the Government.

3i per eent.

Indefinite .

At pleasure of
the Government.

2per cent..,

Amount
authorized.

Amount issued.

00
Amount outstanding.

FUNDED LOAN OF 1881, CONTINUED AT THREE AND ONEHALF PER CENT.
These bonds were issued in exchange for five per cent bonds of the
funded loan of 1881, by mutual agreement between the Secretary of
the Treasury and the holders, and were made redeemable at "the
. pleasure of the Government.

$50.00

FUNDED LOAN OF 1891, CONTINUED AT TWO PER CENT.
These bonds were issued in exchange for the four and one-half per
cent funded loan of 1891, by mutual agreement between the Secretary of the Treasury and the holders, and were made redeemable at
the pleasure of the Govemment.

$25,364,500.00

32,000.00

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LOAN OF JULY 12, 1882.
These bonds were issued in exchange for the five and six per cent
bonds which had been previously continued at three and one-half
per cent by mutual agreement between the Secretary of the Treasury and the holders, and were made redeemable at the pleasure of
the Government.
LOAN OF 1904.
T h e act of January 14, 1875 (18 Statutes, 296), authorizes t h e Secretary
of the Treasury to use any surplus revenues from time to time in the
Treasury not otherwise appropriated, and to issue, sell, dispose of at
not less than par, in coin, either of the descriptions of bonds of the
United States described in the act of July 14, 1870 (16 Statutes, 272),
for the purpose of redeeming, on and after. January 1, 1879, in coin,
at the office of the assistant treasurer of the United States in New
York, the outstanding United States legal-tender notes when presented in sums of not less than fifty dollars.
LOAN OF 1925.
T h e 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 tbe 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.




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Indefinite .

10 years.

200.00

At pleasure of 3per cent..
• the Government.

Feb: 1, 1904..

5 per cent.

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/117.223
tll7.077

100,000,000.00

43,750.00

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30 years .

Feb.1,1925.... 4 per cent.,

ri04.4946
Illl.166

162,315,400.00

118,489,900.00

L O A N O P 1908-1918.
The act of June 13, 1898 (30 Statutes, 467, sec. 33), authorizes the Secretary of the Treasury to borrow on the credit of the United States,
from time to time, as the proceeds may be required, to defray expenditures authorized on account of the war with Spain (such proceeds when received to be used only for the purpose of meeting
such expenditures), the sum of four hundred million dollars, or so
much thereof as may be necessary, and to prepare and issue therefor coupon or registered bonds of the United States in such form as
he may prescribe, and in denominations of twenty dollars or some
multiple of that sum, redeemable in coin at the pleasure of the
United States after ten years from the date of their issue, and payable twenty years from such date, and bearing interest payable quarterly, in coin, at the rate of three per centum per annum; the bonds
so issued to be exempt from all taxes or duties of the United States,
as well as from taxation in any form by or under State, municipal,
or local authority.

10 years . .

After Aug. 1,
1908.

3 per cent.

Par

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

30 years . . .

After Apr. 1,
1930.

2 percent...

839,146,340.00

646,250,150.00

646,250,150.00

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TREASURY NOTES OF 1890.
The act of July 14, 1890 (26 Statutes, 289), directs the Secretary of the
Treasury to purchase, from time to time, silver bullion to the aggregate amount of four million five hundred" thousand ounces, or so
much thereof as may be offered, in each month, at the market price
thereof, not exceeding one dollar for three hundred and seventy-one
and twenty-five hundredths grains of pure silver, and to issue in payment for such purchases of silver bullion Treasury notes of the United
States, to be preparedoby the Secretary of the Treasury, in such form
and of such denominations, not less than one dollar nor more than




4,215,000.00

CO

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

00

o
Length of
loan.

When redeemable.

Rate of interest.

Price
at which
sold.

Amount
authorized.

Amount issued

Amount outstanding.

TREASURY NOTES OF 1890—Continued.
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 aiiy assistant treasurer of the United States, and
when so redeemed may be reissued; but no greater or less amount of
such notes shall be outstanding at any time than the cost of the silver bullion and the standard silver dollars coined therefrom then
held in the Treasury, purchased by such notes; and such Treasury
notes shall be a legal tender in payment of all debts, public and private, except where otherwise expressly stipulated in the contract,
and shall be receivable for customs, taxes, and all public dues, and
when so received may be reissued; and such notes, when held by any
national banking association, may be counted as a part of its lawful
reserve. That upon demand of the holder of any of the Treasury
notes provided for, the Secretary of the Treasury shall redeem the
same in gold or silver coin, at his discretion, it being the established
policy of the United States to maintain the two metals on a parity
with each other upon the present legal ratio, or such ratio as may be
provided by law.
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 United States.
The act of June 13, 1898 (30 Stat., 467), directs that all of the silver
bullion in the Treasury purchased in accordance with the provisions of the act of July 14, 1890, shall be coined into standard silver
dollars as rapidly as the public interests may require, to an amount
of not less than one and one-half millions of dollars in each month,
and that said dollars, when so coined, shall be used and applied in
the manner and for the purposes named in said act. The act of
March 14, 1900, provides that United States notes, and Treasury
notes issued under t h e a c t 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




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provisions of the acts of July 14,1890, and June 13, 1898 from bullion
purchased under the act of July 14, 1890, to retire and cancel an
equal amount of Treasury notes whenever received into the Treasury, and upon such cancellation to issue silver certificates against
the silver dollars so coined.
PANAMA CANAL LOAN.
OO

The act of June 28,1902 (32 Stat, 484,sec.'8), provides that the Secretary
of the Treasury is hereby authorized to borrow on the credit of the
United States from time to time as the proceeds may be required to
defray expenditures authorized by this act (such proceeds when received to be used only for the purpose of meeting such expenditures).
the sum of one hundred and thirty 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 indenominationsof twenty dollars or some multiple of that sum,
redeemable in gold coin at the pleasure of the United States after ten
years from the date of theirissue, andpayable thirty years from such
date, and bearing interest payable quarterly in gold coin at the rate
of two per centum per annum; and the bonds herein authorized shall
be exempt from all taxes or duties of the United States, as well as from
taxation i n a n y form by or understate, municipal, or local authority:
Frovided, That said bonds may be disposed of by the Secretary of th'e
Treasury at not less than par, under such regulations as he may prescribe, giving to all citizens of the United States an equal opportunity
to subscribe therefor, but no commissions shall be allowed or paid
thereon; gtnd a sum not exceeding one-tenth of one per centum of
the amount of the bonds herein authorized is hereby appropriated,
out of any money in the Treasury not otherwise appropriated, to pay
the expense of preparing, advertising, and issuing the same; and the
actof December 21,1905 (34 Stat., 5, sec. 1), provides that the two per
cent bonds of the United States authorized by section eight of the act
entitled " A n act to provide for the construction of a canal connecti n g the waters of the Atlantic and Pacific oceans," approved June
tM'^enty-eighth, nineteen hundred and two, shall have all the rights
a n d privileges accorded by law to other two per cent bonds of the
United States, and every national banking association having on
deposit, as proyided by law, such bonds issued under the provisions
of said section eight of said act approved June twenty-eighth, nineteen hundred and two, to secure its circulating notes, shall pay to
t h e Treasurer of the United States, in t h e months of January and
July, a taxof one-fourth of one per cent each half year upon the average amount of such of its notes in circulation as "are based upon the
deposit of said two per cent" bonds; and such taxes shall be in lieu
of existing taxes on its notes in circulation imposed by section fiftytwo hundred and fourteen of the Revised Statutes.
T h e actof August 5, 1909 (36 Stat., 117, sec. 39), provides that the Secretary of the Treasury is hereby authorized to borrow on the credit of
the United States from time to time, as the proceeds may be required
to defray expenditures on account of the Panama Canal and to reimburse* the Treasury for such expenditures already made and not
covered by previous issues of bonds, t h e sum of two hundred and




10 years.

After Aug. 1,
1916.

2 p e r c e n t . . . $103.1647 $375,200,980.00
average.

$84,631,980.00

$84,631,980.00

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00

00

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

Length of
loan.
ninety million fivehundred and sixty-nine thousand dollars (which
sum together with the eighty-four million six hundred and thirtyone thousand nine hundred [and eightj'J dollars already borrowed
upon issues of two per cent bonds under section eight of the act of
J u n e twenty-eighth, nineteen hundred a n d two, equals the estimate
of the Isthmian Canal Commission to cover the entire cost of the
canal frora its inception to its completion), 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 one hundred
dollars, fivehundred dollars, and one thousand dollars, payable fifty
years from the date of issue, and bearing interest payable quarterly
i n gold coin at a rate not exceeding three per centum per annum;
and the bonds herein authorized shall be exempt from all taxes or
duties of the United States, as well as from taxation i n any form
by or under State, municipal, or local authority: Provided, That said
bonds may be disposed of by the Secretary of t h e Treasury at not
less than,par, under such regulations as he may prescribe, giving to
all citizens of the United States an equal opportunity to subscribe
therefor, but no commissions shall be allowed or paid thereon; and
a sum not exceediug one-tenth of one per centum of the amount of
the bonds herein authorized is hereby appropriated, out of any
money in the Treasury not otherwise appropriated, to pay the expenses of preparing, advertising, and issuing the same; and the
authority contained in section eight of the act of June twentyeighth, nineteen hundred and two, for the issue of bonds bearing
interest at two per centum per annum, is hereby repealed.

When redeemable.

Rate of interest.

Price
at which
sold.

Amount
authorized.

Amountissued.

Amount outstanding.

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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 United States to the respective credits
of national banks for deposits made to redeem the circulating notes
of such banks, and all deposits thereafter received for like purpose
shall be covered into the Treasury as a miscellaneous receipt, and
the Treasurer of the United States shall redeem from the general
cash in the Treasury the circulating notes of said banks which may
come into his possession subject to redemption, * * * and the
balance remaining of the deposits so covered shall, at the close of
each month, be reported on the monthly public debt statement as
debt of the United States bearing no interest.




$28,518,941.00

2,639,546,241.04

83

SECEETAEY OF THE TEEASUEY.

TABLE B.—STATEMENT OF THE OUTSTANDING PRINCIPAL OF THE PUBLIC D E B T 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 J U L Y . O F EACH Y E A R FROM 1843 TO
1909,
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
1846
78,427,404.77
1847
80.747.587.39
1848
83,762,172.07
1849
82,064,479.33
• 79,228,529.12
1850
78,408,669.77
1851
82,976,294.35
1852
83,038,050.80
1853
80,712,632.25
1854
1855
77.054.686.40
1856
...
86,427,120.88
1857
82,312,150.50
75,723,270.66
1858
69,218,398.64
1859....
65,196,317. 97
I860
57,023,192.09
.1861
1862
53,173,217.52
48,005,587.76
1863
45,209,737. 90
1864
55,962,827.57
1865
81,487,846.24
1866
99,833,660.15
1867
1868
127,334,933.74
1869
123,491,965.16
1870
103,466,633.83
1871
95,529,648.28
1872
91,015,566.15
1873
89,987,427.66
1874
93,546,676.98
1875
..
^.
90,875,877.28
1876
-90,269,777.77
1877
83,788,432.71
1878
81,054,059.99
1879
73, 987,357.20
1880
67,475,043.87
1881
58,421,413.67
1882
. ....
48,565,406.50
1883
39,123,191. 68
1884
24,322,235.18
1885
7,001,698.83
1886
4,760,082.08
1887
33,733.05
1888
37,513.05
1889
336,957.83
1890
3, 308,124.07
1891
10,434,221.14
1892
3,573,343.82
1893
5,250,875.54
1894
13,594,480.73
1895
20,201,226.27
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905....
1906
1907
1908 ...
1909




Amount.
$32,742,922.00
23,461,652.50
15,925, 303.01
15,550,202.97
38,826,534.77
47,044,862.23
63,061,858.69
63,452,773.55
68,304, 796.02
66,199,341. 71
59,803,117.70
42,242, 222.42
35,586,956.56
31,972,537.90
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
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
1,830,528,923.57
1,863,964,873.14
1,775,063,013.78
1,657,602,592.63
1,692,858,984. 58
1,619,052 922 23
1,552,140,204.73
1,545,996 591.61
1,588,464,144.63
1,545,985,686.13
1,632,253,636.68
1,676,120,983.25
1,769,840,323.40
1,817,672,665.90
1,796,531,995.90
1,991,927,306.92
2,136,961 091 67
2,143,326,933.89
2,158,610,445.89
2,202,464,781.89
2,264,003 585 14
2,274,615,063.84
2,337,161,839.04
2,457,188,061.54
2,626,806,271.54
2,639, 546,241.04

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

Year.
1856—Julyl
1857
1858-...:
1859
1860
1861
•
1862
1863
1864
1866
1865—August 31
1866—Julyl
1867
1868
1869.
1870
1871
1872
;
1873
1874
1875
1876 .
1877
1878
1879
1880
1881
1882
1883
1884
1885...
1886
1887
1888
1889
1890
1891
1892 . .
1893
1894




2 percents.

3 percents.

3i p e r c e n t s .

4 percents.

4i 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

98,850,000.00
741, 522,000.00
739,347,800.00
739,347,800.00
739, 349,350.00
737,942,200.00
737,951,700.00
737, 960,450. 00
737, 967, 500.00
737,975,850.00
714,315, 450.00
676,214,990.00
602,297,360.00
559,659, 920.00
559,664,830.00
559,672,600.00
559,677,390.00

$140,000,000.00
240,000,000.00
250,000,000.00
250,000,000.00
250,000,000.00
250,000,000.00
250,000,000.00
2.50,000,000. 00
250,000,000. 00
250,000,000. 00
250,000,000.00
222,207,050.00
139,639,000.00
109,015,750.00
50,869,200.00
a 25,364,500. 00
a 25,364,500.00
a 25,364,500.00

5 percents.

6 percents.

$3,632,000.00
3,489,000.00
23,538,000.00
37,127,800.00
43,476, 300.00
33,022,200. 00
30,483,000.00
30,483,000.00
300.213.480.00
245,709,420.63
269,175,727.65
201.982.665.01
198,533,435.01
221,586,185.01
221,588,300.00
221,588,300.00
274,236,450.00
414,567,300.00
414,567, 300.09
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

50,000,666.66

TO J U L Y 1,

lj% 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

1909.

CO

.Total i n t e r e s t bearing 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
010,529,120.00
585,029,330.00
585,037,100.00
635,041,890.00

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1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909

. .




198,678,720.00
$307,125,350.00 128,843,240.00
99, 621,420.00
445,940,750.00
97,515, 660.00
445,940,750.00
83,107,060.00
520,143,150.00
77,135,360. 00
542,909,950.00
77,135,360.00
542,909,950.00
63,945,460.00"
595,942,350.00
63,945,460.00
676,250,150.00
78,131,960.00
700,882,130.00
730,882,130. 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
291,906,150.00275,112,130.00
275,113,030.00
235,271,330.00
154,638,670.00
118,489,900.00
118,489,900.00

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
894,834;280.00
897,503,990.00
913,317,490.00

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TABLE C.—ANALYSIS OF THE PRINCIPAL OF THE PUBLIC DEBT OF THE UNITED STATES, ETC.—Continued.
Debt on which
interest has
ceased.
1856—July 1. -..
1857
1858
1859
1860
1861
1802
1863
1864
1865
1865—August 31
1866—Julyl....
1867
18L68

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




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
in Treasury.
u r y J u l y 1.
cipal.
interest.
charge.

$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
461,616.311.51
1,503,020.09
439,969,874.04
935,092.05
428,218,101.20
1,840,615.01
408,401,782.61
1,197,340.89
421,131,510.55
5,260,181.00
430,508,064'. 42
3,708,641.00
416,565,680.06
1,948,902.26
430,530.431.52
7,926,797.26
472,069,332.94
51,929,710. 26
509,543,128.17
3,216,590.26
820.26
498,182,411. 69
11,425,
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,
388,800,815.37
7,621,455. 26
865.26
422,721,954. 32
6,723,
438,241,788.77
16,260,805.26
415.26
538,111,162.81
7,831,
684,308,868.31
19,656,205.26
995.26
663,712,927.88
4,100,
619,344,468.52
9,704,445.26
165.26
629,795,077.37
6,115,
739,840, 389.32
2,496,095.26
787,287,446.97
1,911,485.26
825,Oil,289.47
1,815,805.26
705.26
933,852,766.35
1,614,875.26
2,785,060.26 1,000,648,939.37
958,854,525.87
2,094,

$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
2,844, 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, i72,427.81
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, 528.923.57
1,863, 964.873.14
1,775, 063,013. 78
1,657; 602,592.63
1,692, 858.984.58
1,619, 052,922.23
1,552, 140.204.73
1,545, 996,591. 61
1,588, 464,144. 63
1,545, 985,686.13

$21,006,584.89
18,70i,210. 09
7,011,689.31
5,091,603. 69
4,877,885.87
2,862,212.92
18,863,659.96
8,421,401.22
106,332,093.53
5,832;012.98
88,218,055.13
137,200.009.85
169,974; 892.18
130,834,437.96
155,68O;340.85
149,502,471.60
106,217,263.65
103,470,798.43
129,020,932.45
314.74
147, 541,
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
488,612,429.23492,917,173.34
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, 431,57L43
2,636; 036,163.84
2,508, 151,211.69
2,480, 853,413.23
2,432, 771,873.09
2,331, 169.956.21
2,246, 994,068.67
2,149, 780,530.35
2,105, 462,060.75
2,104, 149,153.69
2,090, 041,170.13
2,060, 925,340.45
2,019, 275,431.37
1,999, 382,280.45
1,996! 414,905.03
1,919, 326,747.75
1,819, 650,154.23
1,675, 023,474.25
1,538, 781,825.15
1,438, 542,995.39
1,375, 352,443.91
1,282, 145,840.44
1,175, 168.675.42
1,063, 004.894.73
975, 939.750.22
890, 784,370.53
851, 912,751. 78
841, 526,463.60
969,475. 75

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
735.80
23, 615,
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
1907
1908
1909

1,851,240.26
1,721,590.26
1,636,890.26
1,346,880.26
1,262,680.26
1,218,300.26
1,176,320.26
1,415,620.26
1,280,860.26
1,205,090.26
1,970,920.26
1,370,245.26
1,128,135.26
1,086,815.26
4,130,015.26
2,883,855.26

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
1,561,266,966.28
1,725,172,266.28
1,723,344,895.78

1,632,253,636.68
1,676,120,983.25
1,769,840,323.40
1,817,672,665.90
1,796,531,995.90
1,991,927,306.92
2,136,961,091.67
2,143,326,933.89
2,158,610,445.89
2,202,464,781.89
2,264,003,585.14
2,274,615,063.84
2,337,161,839.04
2,457,188,061.54
2,626,806,271.54
2,639,546,241.04

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
1,578,-59i:306.51
1,688,673: 862.16
1,615,684:^710.25

899,313,380.65
901,672,966.74
955,297,253.70
986,656,086.14
1,027,085,492.14
1,155,320,235.19
1,107,711,257.89
1,044,739,119.97
969,457,241.04
925,Oil,637.31
967,231, 773.75
989,866,771.97
964,435,686.79
878,596,755.03
132,409.38
861,530.79

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
21,628,913.60
20,946,270.41
21,275,602.40

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 m a d e u p 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, with the exception of t h e amount outstanding: August
31, 1865, this being the date a t which t h e public debt reached its highest point. This loan bore interest from 4 per cent to 6 per cent, a n d was redeemable on ten days'
notice after thirty days, b u t being constantly changing it has been considered more equitable to include t h e whole amount outstanding as bearing 4 per cent interest "on
a n average for t h e year.




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88

EEPORT ON T H E FINTANCES.

TABLE D.—STATEMENT OF THE ISSUE AND REDEMPTION OF LOANS AND TREASURY
NOTES AND OF DEPOSITS AND REDEMPTIONS IN NATIONAL-BANK NOTE ACCOUNT
(BY WARRANTS) FOR THE FISCAL YEAR ENDED J U N E 30, 1909.
Excess of
issues and deposits.

Issues and de- Redemptions.
posits.

Legal-tender notes, acts of Feb. 25
and July 11,1862, Jan. 7 and Mar. 3,
$132,940,000.00 $132,940,000.00
1863, and Mar. 14,1900
Fractional curreucy, acts of July 17,
1862, Mar. 3, 1863, and June 30,1864..
2,027.00
Gold certificates, acts of Mar. 3, 1863,
294,710,000.00 261,892,000.00 $32,818,000.00
July 12,1882, and Mar. 14,1900
One-year notes of 1863, act of Mar. 3,
1863
30.00
Compound-interest notes, acts of Mar.
3,1863, and June 30,1864
^
230.00
Ten-forties of 1864, act of Mar. 3,1864
200.00 ^
Seven-thirties of 1864 and 1865, acts of
June 30,1864, and Mar. 3 1865
650.00
Consols of 1865, act of Mar. 3,1865
450. 00
Consols of 1867, act of Mar. 3,1865
500.00
Consols of 1868, act of Mar. 3, 1865
700.00
Silver certificates, acts of Feb. 28,1878,
336,860,000.00 326,796,000.00
and Mar. 14,1900
10,064,000.00
Refunding certificates, act of Feb. 26,
1879
550.00
Funded loan of 1881, acts of July 14,
1870, Jan. 20,1871, and Jan. 14,1875...
6,050.00
National-bank note account, act of
45,624,239.50
July 14,1890
. .
89,562,083.00
Treasury notes of 1890, acts of July 14,
1890 and Mar. 14 1900 .
. .
767,000.00
Funded loan of 1891, acts of July 14,
—
1870 Jan. 21,1871, and Jan. 14 1875 .
750.00
Loan of 1904, acts of Jan. 14,1875, and
Mar. 14,1900
28,850.00
Funded loan of 1907, acts of July 14,
1870, Jan. 20,1871, Jan. 14,1875, and
Mar 14,1900
1,208,200.00
Panama Canal loan, acts June 28,1902,
30,000,000.00
30,000,000.00
and Dec. 21, 1905
:
14,186,500.00
Certificates of indebtedness
Total

840,134,239.50

827,391,770.00

72,882,000.00

Excess of issues
Excess of redemptions
Net excess of issues




Excess of
redemptions.

$2 027 00

30 00
230.00
200 00
650 00
450 00
500 00
700.00

560 00
5 050 00
43,937,843.50
767,000.00
750 00
28,850.00
1,208,200.00
14,186,500.00
60,139,530.50
72,882,000.00
60,139,530.50

j

1

12,742,469 60

TABLE

E.—STATEMENT

SHOWING

Principal redeemed.

Y'ear e n d e d -

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

of
of
of
of

T H E P U R C H A S E A N D R E D E M P T I O N O F B O N D S ON ACCOUNT O F T H E S I N K I N G
F R Q M I T S I N S T I T U T I O N I N M A Y , 1869, TO A N D I N C L U D I N G J U N E 30, 1 9 0 9 . .

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

Premium paid.

Net cost in
currency.

Net cost
estimated in
gold.

$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

8,691,000.00

1,374,850. 67

10,065,850.67

3,542,050.00
85,000.00
3,971,400.00
2,790,250. 00
11,532,150.00
5,882,550.00
• 348,500.00

493,479.42
15,742.87
506,189.91
361, 735.43
1,454,778.37
861,763.73
53,363. 95

28,151,900.00

F U N D DURING EACH FISCAL

Interest due
at close of fiscal year.

Accrued
interest paid
in coin.

YEAR

Balance of
interest due a t
close of
fiscal year.

$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

7,261,437.30

196,590.00

136,392.56

60,197.44

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

3,747,053. 68

31,898,953. 68

25,893,143.57

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

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

2,542,631. 20

32,478,881.20

28,694,017.73

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

32, 618,450.00

3,935,050.34

36,553,500.34

32,248,645.22

Ul

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O
fel

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

of
of
of
of

JUNE 30, 1870.
1862
'.
March, 1864
June, 1864
1865

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

of
of
of
of

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

of
of
of
of

JUNE 30, 1872.
1862
March, 1864
June, 1864
1865 '.

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

,

Total




1,254,897.00
145,975.00
1,240.' 00
201,375.00
331,933.50
522,117.00
351,528.00
3,096.00
1,557,264.50
427,849.00
8,894.00
246,001.50
246,562.00
707,334. 00
417,534.00
5,151.00
2,059,325.50

367,782.53
75,179.43
1,338. 70
57,449.80
37,817.37
149,248.21
108,487.92
1,386.95
430,908.38

o
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d
Ul

1,189,481.97
352,669.57
7,555.30
188,551.70
208,744.63
558,085.79
309,046.08
3,764.06
1,628,417.12

GO
CO

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

Accrued
interest paid
in coin.

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

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

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

$329,489. 93
2,686.30
181,054.04
96, 522.03
501,025.66
194,493.49
28,224.60

32,349,258.17

28,457,562.83

1,725,881.50

392,385.45

1,333,496.05

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

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

1,415,391.05
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

31,74.3.95
48,013.46
29,348.19
46,489. 33
55,976.97
11,014.38

67,775.05
93,425.04
57,959.31
157,129.67
187,083.03
37,123.62

1,395,073. 55

14,331,523. 55

12,872,850.74

823,082.00

222,586.28

600,495. 72

N e t cost i n
currency.

N e t cost
estimated in
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

P r i n c i p a l redeemed.

Premium paid

$7,137,100.00
50,000. 00
3,741,150. 00
1,959,850.00
10,768,250.00
4,402,100.00
619,550.00
28.678.000.00

Year ended—

CO
O

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

1,421,700.00
•2,020,550. G
O
r, 247,250.00
3,393,650.00
4,051,000.00
802,300.00
12,936,450.00

.

F i v e - t w e n t i e s of 1862

25,170,400.00

25,170,400.00

541,973.50

353,061.'56

188,911.94

J U N E 30,1876..
F i v e - t w e n t i e s of 1862
- F i v e - t w e n t i e s of J u n e , 1864
F i v e - t w e n t i e s of 1865

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

3,170.58
8,619. 90
6,377. 92
72.53
8.80

447,500.00

447,500.00

24,026.25

5,776.52

18,249.73

.

Total

.




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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

sj

>

J U N E 30, 1875.

Total

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JUNE 30, 1878.
17,900.00
15,900.00
2,350.00
23,600.00
5,700.00
8,500.00

966.00
834.00
129.00
1,416.00
342.00
510.00

192.65
78.41
40.92
273.35
134.76
89.83

773 35
755.59
88 08
1,142.66'
207 24
420.17

73,950. 00

4,197.00

809.92

3,387.08

2,650.00
3,150.00
1,850.00
1,700.00
9,050.00
100.00

2,650.00
3,150.00
1,850.00
1,700.00
9,050.00
100.00

165.75
94.50
85.50
102.00
543.00
6.00

40.35
18.53
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

s

100.00
100.00
250.00
676,050.00
2,837,000.00
32r064,250.00
12,797,150.00
202,550.00
23,575,450.00
1,500,000.00

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

o-

74,161.95
1,376,085.04
649,035.18
8,273.02
662,206.97
125,558.26

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

73,652,900. 00

Total

17,900.00
15,900.00
2,350.00
23,600.00
5,700.00
8,500. 00
73,950.00

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

2,795,320.42

76,448,220.42

2,203,806.45

936,951.60

1,267,854.85

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

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

3,000.00
50.00
100.00
7,826,277.58
17,201,326.11
7,256,614.62
55,658.65
43,089,571.82

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

80.22
.25
1.74
160,072.88
200,043.95
83,330.51
551.11
263,342. 94

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

1,061,248.78

75,432,598.78

2,935,731.65

707,423.60

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

.

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

Total




^'

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JUNE 30, 1881.
Five-twenties of 1862
Five-twen ties 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

m

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2,228,308.05
CO

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

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

N e t cost
estimated i n
gold.

Interest due
a t close of fiscal year.

Accrued
interest paid
in coin.

$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

• 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

P r i n c i p a l redeemed.

Year ended—

CD

P r e m i u m paid.

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 i p e r c e n t
L o a n of M a r c h , 1863, c o n t i n u e d a t 3^ p e r c e n t
F u n d e d l o a n of 1881 c o n t i n u e d a t 3^ p e r c e n t
F u n d e d l o a n of 1881'

$55,215,850.00
2,637,850.00
1,000.00
2,224,450.00

Total

60,079,150.00

/

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

o

.

1,097,617.42

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

318,879.93

974,231.75

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

1,160,703.49

271,667.32

889,036.17

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

Total

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
1,01.8,176.97
240,130.13

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

•46,769,600.00

1,293,111.68

4,000.00
100.00
1,100.00
52,250. 00
18,000. 00
230,500.00
45,282,200.00

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

45,588,150.00

45,588,150.00

•

J U N E 30, 1885.

Total




H
O
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fel

J U N E 30, 1884.

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 31 p e r c e n t
F u n d e d l o a n of 1881, c o n t i n u e d a t 3^ p e r c e n t . .
L o a n of J u l y 12,1882

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JUNE 80, 1886.
Oregon war debt
•.
Loan of July and August, 1861
Loan of 1863
Five-twenties of 1862
,
Five-twenties of 1864
•...'
,
Five-twenties of 1865
,
Ten-forties of 1864
,
Consols of 1865
Consols of 1867
,
Consols df 1868
F u n d e d loan of 1881
Loan of 1882
Loan of 1863, continued at 3^ per cent
Loan of July a n d August, 1861, continued at 3^ per cent.
Funded loan of 1881, continued at 3^ per cent
JUNE 30, 1887.
Loan of 1882
,
Ten-forties of 1864
Funded loan of 1881
Loan of July and August, 1861
Five-twenties of 1862
,
Five-twenties of 1865
Loan of February, 1861
-'
Loan of 1863
Consols of 1865.
Consols of 1867
Consols of 1868
Loan of July and August, 1861, continued at 3^ per cent.
Loan of 1863, continued at Si per cent
,
Funded loan of 1881, continued at Si 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

L50
53.25
3L50
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
31.32
1.560.76
1,065.34

—16.50
—45.75
-1.50
12,974.00
54.11
3.98
77.45
—423.04
-1,408.50
—366.79
-42.05
215,324.57
91.68
1,287.74
3,638. 79

44,531,350.00

Total

100.00
2,500.00
1,100.00
67,500.00
4,300.00
300.00
14,250. 00
15,900.00
26,950.00
12,250.00
49,800.00
44,044,800.00
4,100. 00
96,750.00
190,750.00

44,531,350.00

447,687. 64

242,487.45

205,200.19

47,748,750.00
1,300.00
3,100.00
28,700.00
650.00
8,000.00
2,000.00
13,400.00
18,200.00
34,000.00
1
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

1,383,537.83

231,864.88

1,151,672.95

Ul

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47,894,200.00

o
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Ul

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

,
,

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

$1,555,966.17
1,296,049.71

18,880,500.00
21,011,366.17
6,685,299.71

660,630.00
794,247.00
203,293.00

94,660.88
95,098.43
43,817.79

,

43,725,150.00

2,852,015.88

46,577,165.88

1,658,170.00

233,577.10

1,424,592.90

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

1,150.00
500.00
57,900.00
3,000.00
100.00
12,153,850.00
26,839,650.00

844,918.01
7,672,222.29

1,150.00
500.00
57,900.00
3,000.00
100.00
12,998,768.01
34,511,872.29

69.00
30.00
1,709. 25
105. 00
3.50
480,076.12
1,011,368.00

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

30.00
15.00
1,354. 31
84.58
2 59
440,678.44
830,915.31

39,066,150.00

8,517,140.30

47,573,290.30

1,493,360.87

220,280.64

Total

565,969.12
699,148.57
159,475., 21

JUNE 30, 1889.

Total '.




1,273,080.23

c£)
CO

CO

T A B L E E.—STATEMENT SHOWING THE PURCHASE AND R E D E M P T I O N OP BONDS ON ACCOUNT OF THE SINKING F U N D , ETC.—Continued.

Principal redeemed.

Year ended—

L o a n of 1882
L o a n of J u l y
Funded loan
F u n d e d loan
Funded loan

J U N E 30, 1890.
•
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
of 1881
of 1891
of 1907

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 y e a r .

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
close of
fiscal y e a r .

39,840,400.00

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

3,860,086.28

47,861,836.28

1,720,975.74

1,210,799.92

610,175.82

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
11.67
10.79
218.00
1,085,419.69
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

. ..

$710,666.79
7,536,058.37

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

44,001,7.50.00

Total

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

24,310,800.00

1,087,076. 65

180,412. 20

906,664.45

25.00
1,000.00
7,600; 00
2,000.00
1,000.00
1,000.00
76,850.00
511,700.00

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

.75
30.00
228.00
35.00
17.50
23.33
2,653.75
16,580.99

.75
90.00
2,358.00
24.74
8.10
.86
377. 80
5,977.72

—60.00
-2,130.00
10.26
9.40
22.47
2,275.95
10,603.27

601,175.00

19,569.32

8,837.97

10,731.35

$107.86
18 12
28.36
467 934 69
889,149.37

J U N E 30, 1891.
L o a n of 1882
L o a n of J i i l y a n d A u g u s t 1861
L o a n of 1863
F u n d e d l o a n of 1891
F u n d e d l o a n of 1907

.

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




601,175.00
a

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fel
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Ul

Loan of
Loan of
Funded
Funded
Loan of
Funded

July
July
loan
loan
1882
loan

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

Loan of
Loan of
Funded
Funded
Loan of
Funded

,
,
,
,

Total

6.00
630.00
158.33
359. 33
73.00
6,278.81

3.00
270.99
151.51
134.75
22.29
1,721.51

3.00
359 01
6.82
224 58
50.71
4,557.30

214,900.00

214,900.00

7,505.47

2,304.05

5,201.42

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

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

325.50
90.00
163.33
36.46
97.12
3,509.04

32L00
90.00
454.64
19.99
47.47
1,810.73

—291.31
16.47
49.65
1,698.31

m

119,550.00

4,221.45

2,743.83

1,477.62

fej.

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

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

12.00
30.00
30.00
394.17
70.00
41.50
2,876.41

12.00
15.00
15.00
397.43
35.00
22.10
1,159.68

15.00
15.00
-3.26
35. OO
19.40
1,716.73

67,600.00

,

JUNE 30, 1895.
July and August, 1861
1
1863
loan of 1881
loan of 1881, continued at 3^ per cent
1882
loan of 1891.

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

119,550.00

of 1891

Total

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

67,600.00

3,454.08

1,656.21

1,797.87

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

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

2,169.00
486.74
15.00
1.37
8; 75
25.03
10.49
7,178.20

6.O
.0
33.26
15.00
15.30
14.58
18.72,
21.51
6,247.96.

245,900.00

16,266.91

9,894.58

6,372.3^

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
1.46
369.18
3.50

1,830.00
174.65
.88
166.87
.36

300. OOi
59.30
.58.
202.31
3.14

35,200.00

35,200.00

2,738.09

2,172.76

565.33;

4.50

fei

o

JUNE 30, 1896.
Oregon war debt
Loan of July and August, 1861
,
Loan of 1863
Funded loan of 1881
Loan of July and August, 1861, continued at Si per cent.
Loan of 1882
,
F u n d e d loan of 1891
Total
JUNE 30, 1897.
Loan of July a n d August, 1861
Five-twenties of 1862
,
Loan of 1863
Funded loan of 1881
Funded loan of 1881, continued at Si per cent
,
Loan of July and August, 1861, continued at 3^ per cent.
Loan of July 1.2, 1882
,
Funded loan of 1891
,

245,900.00

Total
Xoan of
Funded
Funded
Funded
liOan of

July
loan
loan
loan
July

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

JUNE 30, 1898.
and August, 1861
of 1881
:
of 1881, continued at 3i per cent
of 1891
12, 1882

Total




'

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CD

TABLE E.—STATEMENT SHOWING T H E PURCHASE AND REDEMPTION OF BONDS ON ACCOUNT OF THE SINKING F\JND, ETC.—Continned.

Principal redeemed.

Year ended—

Premium paid.

Net cost
in currency.

Net cost
estimated in
gold.

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
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

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

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

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

$2,277.00
15.00153.60
2.49
25.56
700.21

$15.00
34.32
17.93
113.94
472.59

27,050.00

Loan of July and August, 1861
Loan of 1863 . . .
Funded loan of 1881
Funded loan of 1881 continued at 3? per cent
Loan of July 12, 1882
Funded loan of 1891

27,050.00

3,827. 64

3,173.86

653.78

6.00
30.00
6.25
635.06
7,543.59
429,074.50
166,343. 33

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

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

.

100. 00
600. 00
30O00
36,600. 00
3,384,650. 00
14,310,350. 00
4,990,300. 00

$1,824,569. 40
548,933.00

100.00
500.00
30O00
36, 600.00
3,384,650.00
16,134,919.40
5,539,233.00

22,722,800.00

2,373,502.40

25,096,302.40

603,638.73

102,014.58

501,624. .15

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

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

2,520.00
90.00
7.53
348.13
87,429.18
50,859.46
5,309.78
1,118.71

150.00

1,724,471.33
91,816.68
24,832. 76

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

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

36,088,120.00

1,841,120. 77

37,929,240.77

564,719. 47

147,682.79

417,036.68

JUNE 30, 1901.
Loan of July and August, 1861
Loan of 1863
Loan of July and August, 1861, continued at Si 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




o

0

Total .

Total

fel

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Ul

J U N E 30, 1902.

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

100.00
1,000.00
100.00
6,250.00
120,900.00
27,159,620.95
2,619,430.25
2,279,160.64
38,056,409.30

96.00
60.00
3.21
232.12
1,565.49
748,512.00
92,242.70
55,666.80
837,179. 33

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

14,043,391.14

70,242,971.14

1,735,557.65

296,534.49

1,439,023.16

500.00
6,400.00
63,500.00
25,300.00
16," 504,300.00

11.67
137.64
805.83
1,159.58
605,157.66

2.49
39.62
271.39
242.49
141,204.68

9.18
98.02
534.44
917.09
463,953.08

fel
O

1,022.51
6,201,025.41

500.00
6,400.00
63,500.00
26,322.51
22,705, 325.41

16,600,000 00

Total.

6,202,047.92

22,802,047. 92

607,272.38

141,760.57

465,511.81

K|

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

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

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 i p e r c e n t .
g F u n d e d l o a n of 1891
Ol 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 o f 1907
^ L o a n of 1904
I L o a n of 1908-1918
3 L o a n of 1925

30.00
2.71
161.04
1,048.77
599,969.61
79,136.85*
49,764.60
708,909.58

J U N E 30,1903.
Ul

Funded
Funded
Funded
L b a n of
L o a n of

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

Total.
J U N E 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

1,300.00
7,000.00
18,607,200.00
18,615,500.00

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 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
,
F u n d e d l o a n of 1907
Total .

18,615,500.00

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

505,250.00

Total.

338,393.95

387,246.26

700.00
11.67
401.44
6.67
20,569.97
9.00

67.40
6.30
118.90
4.27
,176.44
L63

632.60
6.37
282. 54
2 40
15,393.' 63
7.37

505,250.00

21,698.75

5,373.94

19,100.00
42,000.00
170,150.00

714.00
415.00
-•8,187.29

217.24
179.50
1,802.41

231,250.00

9,316.29

2,199.15

O
fel
1^

W

fel
H
W
fel

496. 76
235.60
6,384.88

231,250.00

>

16,324.81

19,100.00
42,000.00
170,150.00

^

fej

7,117.14

>

Ul

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 .




.CD

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

Year ended—

J U N E 30, 1907.
Oregon w a r debt
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

Principal redeemed.

Premium paid.

N e t cost
in currency.

N e t cost
estimated i n
gold.

ETC.—Continned.

Interest d u e
a t close of fiscal year.

Accrued
interest paid
in coin.

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

$9.00
56.66
1,039.98
606,931.60

$9.00
35.04
371.99
391,734.23

$20.62
667.99
115,197.27
115,885.88

$150.00
8,200.00
27,900. 00
30,326,300.00

$49,705.52

$150.00
8,200.00
27,900.00
30,376,005.52

30,362,550.00

49,705.52

30,412,255.52

508,036.14

392,150.26

100.00
2,100.00
24,200.00
33,060,600.00

100.00
2,100.00
24,200.00
33,060,600.00

2.09
101.25
882.92
1,320,419.60

2.09
23.89
130.87
227,761.36

77.36
752.05
1,092,668.15

33,087,000.00

Total

33.087,000.00

1,321,405.76

227,908.20

1,093,497.56

5,050.00
750.00
28,850. 00
1,208,200.00

6,050.00
750.00
28,850. 00
1,208,200.00

730.20
22.49
663.54
40,437.00

609.81
10.22
351.50
18,090.10

120.39
12.27
312 04
22,346.90

fel

J U N E 30, 1908.
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 .
L o a n of 1904
F u n d e d l o a n of 1907 .
Total

o

Total
Grand total ..
DR.

1,242,850.00

1,242,850.00

41,853.23

19, OOL 63

68,508,222.18 $157;677,967.61 1,077,062,286.96

35,647,537.13

9,943,923.42

25,703,613. 71

w
fel

22,791.60

1,030,804,375.00

TABLE F . — S I N K I N G F U N D ACCOUNT FOR FISCAL Y E A R

To balance from last year
$549,383,674. 68
1, 1908 To 1 per cent on the principal of t h e public debt on
June 30,1908, less coin certificates. Treasury notes,
national bank note redemption account, and cash
available for reduction of t h e debt, viz, $1,105,231,118.04
:
11,052,311.18
48,435,836. 71
J u n e 30,1909 To interest on redemptions prior to fiscal year 1909...
To interest on $15,432,837, amount of debt " p a i d "
during fiscal year 1909
726,503.24

July




O
fi

J U N E 30, 1909.
F u n d e d l o a n of 1881
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

CD
00

J u n e 30, 1909

By
By
By
By
By
By
By

1909.

principal of bonded debt redeemed in 1909
accrued interest thereon
certificates of indebtedness
accrued interest thereon
fractional currency and notes redeemed in 1908.
accrued interest thereon
balance

CR.
242,850.00
19,061.63
186,500.00
424.238.83.
3,487.00
727.84
721,460 51
609,598,325.81

609,598,325.81

o
fej
Ul

99

SECRETAEY OF T H E TKEASURY.

TABLE G.—POPULATION, ORDINARY RECEIPTS AND DISBURSEMENTS OF THE GOVERNMENT FROM 1837 TO 1909, EXCLUSIVE OF POSTAL, AND P E R CAPITA ON RECEIPTS
AND P E R CAPITA ON DISBURSEMENTS.

Year.

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
18'87
1888
1889
1890
1891
1892
1893
1894
1895
-.
•.
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909

Population.

655,000
112,000
584,000
069,453
591,000
132,000
694,000
276,000
878,000
500,000
1.43,000
805,000
489,000
191,876
995,000
802,000
615,000
433,000
256,000
083,000
916,000
753,000
596,000
443,321
064,000
704,000
365,000
046,000
748,000
469,000
211,000
973;000
766,000
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
404,00(5
680,000
974,000
289,GOO
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
074,000
496,000
926,000

Ordinary
receipts.

$24,954, 153.00
26,302; 562.00
31,482, 750.00
19,480, 115.00
16,860i 160.00
19,976, 197.00
8,231 001.26
29,320; 707.78
29,970, 105.80
29,699, 967. 74
26,467,403.16
35,698; 699.21
30,721,077.60
43,592,888.88
52,555,039.33
49,846,815.60
61,587,031.68
73,800,341.40
65,350,574.68
74,056 699.24
68,965;312.67
46,655, 365.96
52,777; 107.92
66,054 599.83
"41,476: 299.49
51,919;261.09
112,094 945.51
243,412 971.20
322,031 158.19
519,949 564.38
462,846,679.92
376,434 458.82
357,188: 256.09
395,959: 833.87
374,431: 104.94
364,694: 229.91
322,177: 673.78
299,941: 090.84
284,020: 771.41
290,066: 584.70
281,000: 642.00
257,446: 776.40
272,322: 136. 83
333,526: 500.98
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
387,060,059.00
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
587,686,337.53
562,478,233.21
560,396,674.40
539.716,913.86
544,606,758.62
594.717,942.32
663,125,659. 92
601,060,723.27
603,589,489.84

Per capita on
receipts.

Ordinary disbursements.

243,214.24
$1.59
33 864.714.56
1.63
1.90
26: 896,782.62
L14
24,314,518.19
.96
26, 481,817.84
LIO
• 25,134,886.44
.44
11 780,092.51
L52
22: 483.560.14
L51
22; 935.827.79
1.45
27, 261,182.86
L25
64: 920,784.09
L64
47: 618,220.65
1.37
43;499,078.39
• 1.88
40, 948,383.12
2.19
47: 751,478.41
2.01
44: 390,262.36
2.40
47: 743,989.09
2.79
55; 038,455.11
2.40
58; 630,662.71
2.64
68, 726,350.01
2.38
67; 634,408.93
1.57
73, 982.492.84
L72
68, 993.599.77
1.78
63,200,875.65
1.30
66, 650,213.08
1.58
469,570,241.66
3.36
718, 734,276.18
7.14
864; 969.100.83
9.26 1,295;099.289.58
14.65
519,022.356.34
12.78
346, 729.325.78
10.18
370, 339.133.82
9.46
321 190,597. 75
10.26
293: 657.005.15
9.47
283, 160,393.51
8.98
270, 559,695.91
7.73
285,239.325.84
7.01
301,238,800.21
6.46
274, 623.392.84
6.43
265, 101.084.59
6.06
241 334,474.86
5.41
236;964, 326.80
6.57
266 947,883.53
6.65
264 847,637.36
7.00
259; 651,638.81
7.68
257,981.439.57
7.41
265,408,137.64
6.36
244,126,244.33
5.76
260,226,935.11
5.86
242,483,138.50
6.33
267 932,179.97
6.32
259: 653,958.67
6.31
281: 996,615.60
6.43
297: 736,486. 60
6.14
355;372,684.74
5.44
345, 023.330.58
5.81
383: 477,954.49
4.40
367: 525.279.83
4.54
356: 195,298.29
4.65
352: 179,446.08
4.85
365; 774,159.57
5.55
443, 368.582.80
6.93
6O5: 072.179.85
7.43
487; 713,791.71
7.56
509,967,353.15
7.11
471 190,857.64
6.93
506: 089,022.04
6.59
532; 237,821.31
6.54
563,360,093.62
7.02
549,405.425.35
7.70
56i: 705,129.04
6.87
621 102,390.64
6.79
662: 324,444.77

Per capita
on
disbursements.
$2.38
2.10
1.62
1.42
1.51
1.39
.63
L17
1.16
L33
2.60
2.18
1.93
L77
L99
L79
1.86
2.08
2.15
2.46
2.33
2.49
2.25
2.01
2.14
14.35
21.54
25.40
37.27
14.63
9.68
10.01
8.51
7.61
7.16
6.66
6.84
7.04
6.25
6.87
6.21
4.98
5.46
5.28
6.06
4.92
4.94
4.46
4.63
4.22
4.56
4.32
4.60
4.75
5.56
6.29
5.77
5.43
5.16
5.01
5.10
6.07
8.14
6.39
6.66
5.96
6.26
6.50
6.77
6.49
6.41
7.10
7.45

NOTE.—The ordinary receipts and disbursements and per capita on receipts for 1891 were erroneously stated b y t h e Register of the Treasury in his reports for 1891,1892, and 1893. (See Finanqe
Reports for those years, pp. 845, 767, and 906.)




100

REPORT ON T H E FINTANCES.

TABLE H . - ^ I N T E R N A L AND CUSTOIMS RECEIPTS AND EXPENSES OP COLLECTING, FROM

1858 TO 1909.
Year ended
June 30—

Receipts."
s Dollars.

1858
1859
1860
1861
1862
1863
1864
1866
1866
1867
1868
1869
1870
1871
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909

Customs receipts.

Internal revenue.
Expenses of collecting.^
Dollars.

(^)

I')
(d)
(d)
.(d)

W

Per cent.

\d)

37,640,787.95
109,741,134.10
209,461,215.25
309,226,813.42
266,027,537.43
191,087,589.41
158,356,460.86
184,899,756.49
143,098,153.63
130,642,177.72
113,729,314.14
102.409.784.90
110,007,493.58
116,700,732.03
118,630,407.83
110,581,624.74
113,561,610 58
124,009,373.92
135,264,385.51
146,497,595.45
144,720,368.98
121,586,072.51
112,498,725.54
116,805,936.48
118,823,391.22
124,296,871.98
130,881,513.92
142,606,705.81
145,686,249.44
153,971,072:57
161,027,623.93
147,111,232.81
143,421,672.02
146,762,864.74
146,688,574.29
170,900,641.49
273,437,161.51
295,327,926.76
307,180,663. 77
271,880,122.10
230,810,124.17
232,904,119.45
234,095,740.85
249.160.212.91
269,666,772.85
251,711,126.70
246,212,643.59

U)

108,685.00
253,372.99
385,239.52
5,783,128.77
7,335,029.81
8,705,366.36
7,257,176.11
7,253,439.81
7,593,714.17
5,694,116.86
5,340,230.00
4,509,976.05
4.289.442.71
3.942.613.72
3,556,943.85
3,280,162.22
3,527,956.56
3,657,105.10
4,327,793.24
4,097,241.34
4,424,707.39
4,216,847.26
3.853.035.94
3,578,679.42
3", 826,507. 98
3,626,038.91
3,770,388.72
3,780,950.41
4,003.485.65
3,879;082.31
4,144,927.02
3,749,029.22
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
4,607,867.83
4,338,184.70
4,391,660.65
4,641,169.95
4,650,049.89
4,547,715.06

(d)

.29
.23
.18
1.87
2.77
4.55
4.59
3.92
5.30
4.36
4.69
4.40
3.89
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
L59
1.51
1.43
1.60
L95
1.94
1.85
1.76
1.72
1.85
1.85

Receipts.a
Dollars.
41,789,620.96
49,565,824.38
53,187,511.87
39,582,125.64
49,056,397.62
69,059,642.40
102,316,152.99
84,928,260.00
179,046,651.58
176,417,810.88
164,464,599.56
180,048,426.63
194,538,374.44
206,270,408.05
216,370,286.77
188,089,522.70
163.103.833.69
157,167,722.35
148,071,984.61
130, 956,.493.07
130,170,680.20
137,250,047.70
186,522,064.60
198,159,676.02
220,410,730.25
214,706,496.93
195.067.489.76
181,471,939.34
192.905.023.44
217,286,893.13
219,091,173. 63
223,832,741.69
229,668,584.57
219,522,205.23
177,452,964.15
203,355,016.73
131,818,630.62
152.158.617.45
160,021,751.67
176,554,126.65
149,575,062.35
206,128,481.75
2 ^ , 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
332.233.362.70
286,113,130.29
300,71), 933.95

Expenses of collecting, c
Dollars.
P e r cent.
2,903,336.89
6.94
3,407,931.77
6.85
3,337,188.15
6.27
2,843,455.84
7.18
3,276,660.39
6.67
3,181,026.17
4.60
4,192,582.41
4.09
5,415,449. 32
6.39
5,342,469.99
2.98
5,763,979.01
3.26
7,641,116.68
4.65
5,388,082.31
2.99
6,233,747.68
3.20
6,568,350.61
3.18
6,950,173.88
3.21
7,077,864.70
3.76
7,321,469.94
4.49
7,028,52L80
4.47
6,704,858.09
4.53
6,501,037.67
4.96
5,826,974.32
4.47
5,477,421.52
3.96
6,023,253.53
3.23
6,383,288.10
3.22
6,506,359.26
2.95
6,593,509.43
3.07
6,709,485.76
3.44
6,494,847.29
3.58
6,427,612.67
3.33
6,855,801.74
3.16
7,156,187.77
3.27
7,030,487.00
3.14
6,859,986.09 "
2.98
6,964,367.09
3.17
6,646,276.06
3.74
6,756,790.98
•3.32
6,791,872.86
5.15
6,736,690.92
4.43
7,237,796.4C
4.52
7,075,372.06
4.01
7,152,276.58
4.78
7,361,562r83
3.57
7,467,692.48
3.20
7,713,418.82
3.23
7,967,472; 89
3.13
8,468,710.19
2.98
8,665,636.37
3.32
9,115,499.4^:
3.48
8,997,669.41
3.00
9,436,752.68
2.55
9,580,626.25
3.35
10,261,073.33
3.41

a Based on warrants issued.
& The cost of collecting the internal revenue embraces the following items: Salaries and expenses of
collectors, including pay of deputy collectors, clerks, etc., and including expenses incident to enforcing the provisions of law taxing oleomargarine; salaries and expenses of revenue agents, surveyors of
distilleries, gaugers, storekeepers, and miscellaneous expenses; paper for internal-revenue stamps;
and expenses of detecting and punishing violations of internal-revenue laws.
cThe expenses of collecting the revenue from customs includes all sums drawn from the appropriation madeby Congress forthat purpose. The money is expended for salaries, rents, labor in weighing,
gauging, and measuringimported merchandise, revenue boatmen, repairs, and other expenses incident
to rented buildings, stationery, and the traveling expenses of special agents, but does not include
disbursements for revenue cutters, fuel, lights, water, furniture, janitors, etc., for buildings owned
by the Government, nor disbursements for erecting new buildings, all of which are paid for from
specific appropriations made for those purposes.
The expenses of collecting internal and customs revenue do not include the disbursements for
salaries, etc., incident to auditing these accounts in the departments at Washington.
dNodata.




T A B L E I.—STATEMENT SHOWING THE ORDINARY RECEIPTS AND DISBURSEMENTS OF THE GOVERNMENT BY MONTHS; THE LEGAL-TENDER NOTES,
N E T GOLD, AND AVAILABLE CASH IN THE TREASURY AT THE END OF EACH MONTH; THE MONTHLY REDEMPTION OF LEGAL-TENDER
NOTES IN GOLD AND THE IMPORTS AND. EXPORTS OF GOLD, FROM JULY, 1896, TO J U N E , 1909, INCLUSIVE.
Ordinary
disburseOrdinary
m e n t s , exclureceipts,
of postal,
e x c l u s i v e of s i v e n c i p a l of
pri
postal.
debt, a n d
premium.
1896—July
August
September
October
November
December
1897—January
February
March
April
May
June
T o t a l for 12 m o n t h s
July
August
September
October
November
December
1898—January
February
March
April
May
June
T o t a l for 12 m o n t h s
July
August
September
October
November
December

Surplus
receipts.

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

347,721,705

365,774,160

405,321,335

443,368,583

a 18,052, 455
all,073,545
a 14,564,432
as, 435,718
310,097
a 9,
5,552,766
32,012,606
636,917
1,973,102
076,307
. 1,
all, 301,119
a 17,775,091
a 14,342,969

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

140,817,699
144,216,377
147,663,105
153,573,147
157,363,851
160,911,547
164,236,793
167,623,182
174.584.136
181.238.137
171,818,055
167,004,410

a 38,047,248

189,444,714
61,099,556
74,263,475 a 30,416,366
217,904,485
53,345,061
66,260,718 a 14,478,010
39,230,848 243,297,543
64,223,921 a 14,445,851
21,587,896
53,982,277 a 14,352,226
239,885,162
16,166.768 241,663,444
49,090,981 a 10,190,066
16,380; 807 246,629,176
a 460,014
41,864,808
a E x c e s s of d i s b u r s e m e n t s .
N O T E . — T h e r e c e i p t s a n d d i s b u r s e m e n t s b y m o n t h s a r e m a d e u p from p a r t i a l r e p o r t s , a n d , b e i n g s u b j e c t t o c h a n g e
w i t h t h e totals b y years. T h e | l a t t e r a r e t h e actual results as s h o w n by complete r e t u r n s .




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

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

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

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

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

24,397,963

$42,088,468 a$13,059,259 $102,125,226 $110,718,746 $256,158,473
111,800,038
35,701,677 a 10,139,580
243,346,401
100,957,561
98,868,949
26,579,535
124,034,672 241,154,457
al,c,^5,290
96,535,206
33,978,277
117,126,524 233,572,762
a 7,695,447
75,034,912
33,260,720
131,510,353 225,357,098
a 8,050,024
70,628,317
23,812,665
137,316,644 228,320,380
2,Q44,449
48,509,678
30,269,389
215,362,421
144,800,493
a 5,952,395
41,425,059
28,796,057
148,661,209 212,837,256
a 4,395,060
50,593,846 .151,786,464 222,045,606
27,212,998
9,004,664
53,480,533
32,072,097
153,340,890 228,090,517
5,740,038
61,188,187
29, 109,259
230,113,813
144,319,563
688,132
67,929,521
22,934,695
140,790,738 240,137,627
13,650,013

50,100,
33,588,
25,368,
33,701
37,810,
27,634,
36,696;
26,599,
31,882,
44,314,
47,849,
47,852,

E x p o r t s of
gold.

78,201,914

$29,029,
25,562,
24,584,
26,282,
25,210,
25,857;
24,316,
24,400,
36,217,
37,812,
29,797,
36,584,

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

I m p o r t s of
gold.

120,391,674

15,406,391

4,091,067
613,762
443,871
347,578
653,253
2,674,754

641,668
296,811
808,341
738,353
324,601
757,182

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

b y s u b s e q u e n t c o n c e n t r a t i o n of a c c o u n t s , d o n o t a g r e e

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TABLE I.—STATEMENT SHOWING THE ORDINARY RECEIPTS AND DISBURSEMENTS OF T H E GOVERNMENT BY MONTHS,
o Ordinary
disburseOrdinary ments, exclureceipts, |sive of postal,
exclusive of principal of
postal.
debt, and
premium.

Month.

189&—January
February
March
April
May
June

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

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

,
.,

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

°

Total for 12 months.




Surplus
receipts.

$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

515,960,620

605,072,180
56,561,090
-46,522,312
37,579,372
44,174,027
40,769,848
39,145,560
39,189,097
37,738,472
32,188,271
40,903,928
40,351,525
33,540,673

a 8,506,832
4,455,861
7,754,773
3,359,562
6,175,724
7,613,544
8,823,068
7,892,793
16,538,566
4,135,399
4,814,528
17,896,159

567,240,852

487,713,792

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

53,979,653
50,500,199
39,169, 971
47,993,638
41,278,661
40,204,622
40,109,707
38,880,636
40,762,862
41,968,246
42,136,561
33,045,147

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

$16,856,385
16,577,439
14,-705,478
14,317,850
15,169,090
16,191,155

587,685,338

509,967,353 |

77,717,!

Exports of
gold.

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

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

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

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

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

$4,237,722
3,001,905
2,343,753
1, 781,270
2,725,378
2,737,952

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

$1,755,451
'567,962
1,109,845
1,162,484
2,049,255
20,908,327

fej

88,954,603

37,522,086

O

2,895,469
5,391,411
2,593,894
8,542,254
2,904,043
6,620,246
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

35,598,337

$228,652,341 $274,584,676
231,124,638 269,103,513
245,413,707
284,043,164
246,140,226
263,127,633
228,415,238 267,584,094
240,737,212 281,380,469

79,527,060
a 4,024,492
a 811, 443
6,134,355
3,632,429
7,065,854
6,641,886
7,410,580
6,963,487
9,128,263
5,799,605
10,492,879
17,288,761

Imports of
gold.

o

25,652,265

1,111,560

054,258
978,173
334,145
533,589
945,572
759,104
012,165
631,265
726,837
039,327
166,053
435,832

ETC.—Continued.

44,573,184

48,266,759

2,639,656
1,442,265
1,001,519
1,530,704
3,955,240
2,379,510
7,100,411
1,500.111
515,652
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

24,223, 111

66,051,187

53,185,177

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

o

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July.......
August
September.
October
November.
December .
1902-January . . .
February..
March
April
May
June
Total for 12 months.
July
August
September.
October . . .
November.
December.,
1903—January . . .
February..
March
April
May
June
Totalfor 12 months.
July
August
September.
October—
, November.
Deceraber .
1904—^J an uary . . .
February..
March
April
May
June




62,320,340
45,394,125
44,434,423
49,831,953
45,716,777
47,061,965
46,582,144
41,159,739
46,501,414
45,215,390
49,509,449
49,677,469

52,307,691
39,351,498
32,310,736
40,645,936
40,198,917
37,318,998
38,548,278
39,099,291
3«,102,437
40,799,263
38,746,798
33,837,859

12,749
6,042,628
12,123,687
9,186,017
5,517,860
9,742,967
8,033,866
2,060,448
8,398,977
4,416,12710,762, 652
15,839,609

662,478,233

471,190,878.
56,813,568
43,113,611
37,554,798
46,904,965
43,036,273
36,533,744
42,632,244
37,750,750
44,987,587
41,763,814
40,586,997
34,583,738

a 7,507,877
5,492,202
11,025,583
4,486,297
562.728
10,617,556
3,364,094
5,277,430
447,848
1,562,287
3, 626,973
13,790,316

560,396,674

506,089,022
56,388,189
43,024,545
38,427,964
51,910,479
47,427,788
32,255,805
48,372,554
42,653,772
41,689,398
46,010,265
47,3.52,973
36,922,015

a 7,776,613
6,828,133
6,545,855
a 4, 947,266
0 2,735,193
10,491,787
a 6,784,184
3,242,635
3,072,101
a 4,480,843
a 5,664,913
11,293,399

539,716,914

632,237,821

327,368,877
329,971,356
319,919,880
325,655,697
317,010,665
321,603,279
324,796,646
325,361,866
327,856,289
334, 739,983
345,350,229
362,187,361

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

64,307,6.52

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

249,955,831
258,455,786
251,635,354
259,346,494
257,539,887
262,800,534
239,040,401
238,821,209
244,858,050
242,945,286
246,554,393
253,801,291

91,287,376

49,305,691
48,605,813
48,580,381
61,391,262
43,599,001
47,151,300
45,996,338
43,028,180
45,435,435
43,326,101
44,113,970
48,354,054

13,973,412
12,837,975
8,732,369
7,949,374
7,437,299
6,670,893
11,088,847
11,455,896
10,069,052
8,662,329
8,700,602
12,586,518

7,479,093

845,565
2,315,616
881,012
2,409,965
1,824,251
2,314,174
5,216,580
1,139,411
272,793
377,005
460,553
700,255

4,076,113 1
2,875,120
150,861
3,490,528
11,905,431
^ 163,362
9,138,638
4,066,747
7,431,678
16,292,500
2.791,522 . 4,744,123
1,405,787
1,973,675
1,696,967
8,665,480
4,432,946
2,636,313
1,864,767
2,844,214
1,497,053
1,968,407
4,086,457
391,526

18,757,180

248,499,879
253,201,871
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
370,919,188
313,287,516
322,051,568

48,568,960

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
12,507,588

8,267,245
11,573,873
11,423,194
10,465,039
5,813,498
2,434,085
3,486,725
9,076,523
9,433,542
5,330,470
7,037,750
9,475,212
12,997,534

52,021,254

614,925
386,665
329,870
438,140
388,012
581,940
1,152,500
372,425
528,1101,199,055
1,336,375
1,039,228

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

9,117,758
84,776
998, 076
352,177
993,150
1,464,656
591,567
732,614
3,063,458
19,470,167
43,069,053
1,522,544

11,555,194

99,055,368

81,459,986

S
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aExcess of disbursements.

CO"

TABLE I.—STATEMENT SHOWING T H E ORDINARY RECEIPTS AND DISBURSEMENTS OF T H E GOVERNMENT BY MONTHS, ETC.—Continued.
Ordinary
disburseOrdinary ments, exclureceipts,
sive of postal,'
exclusive of principal of
postal.
debt, and
premium.

Month.

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

.'.

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

:

Total for 12 months .
July
August
September
October
November
December




Surplus
receipts.

$46,786,387
44,903,392
46,344,683
48,990,608
45,576,877
45,047,905
43,410,285
44,608,073
46,267,756
39,778,182
43,758,933
47,950,777

$64,019,115 o$17,232,728
a 6,228,212
51,131,604
40,391,358
5,953,325
62,500,873
0 3,510,265
49,434,318
a 3,857,441
41,315,731
3,732,174
49,488,299
a 6,078,014
41,151,234
3,456,839
44,985,127
1,282,629
48,339,465
a 8,561,283
46,048,144
o2,289,211
34,687,523
13,263,254

544,606,758

563,360,093
61,591,481
50,600,327
40,510,622
54,589,836
46,211,544
42,830,311
45,671,353
41,409,095
43,665,323
45,141,796
43,124,646
34,001,856

0 12,318,347
0 3,109,895
9,740,537
0 4,097,144
2,789,325
7,520,152
5,018,743
6,785,633
6,965, 846
o 48,928
4,855,378
21,366,225

594,717,942

549,405,425
63,483,563
45,997,502
39,154,801
52,678,473
46,642,880
44,497,456

0 11,184,710
10,010,095
12,342, 390
4,563,526
8,959,618
11,315,524

Exports of
gold.

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

10,238,628
7,968,918
3,844,856
2,182,349
3,436,118
4,787,834

224,372,884
235,465,527
263,331,814
273.076.079
285,582,811
284.836.080
259,856,877
276,418,068
284,378,284
260,229,777
269,690,707
290,489,841

290,313,454
311,358,446
313,714,775
302,973,951
317,952,371
313,999,622

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

319,963,942
350,686,875
371,213,096
373,300,810
381,470,287
388,997,076

$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
5,133,592
2,581,057
2,657,143
2,149,051

$1,083,249
10,762,818
2,744,448
3,855,649
20,813,443
13,502,827
16,828,168
14,794,312
2,392,784
1,303,874
481,570
4,030,882

53,648,961

92,594,024

1,083,608
769,230
662,060
459,645
751,154
895,675
1,744,380
889,170
1,067,135
971,4.55
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

11,645,005

45,312,517

52,298,853
56,007,597
51,497,191
57,241,999
55,602,498
65,812,980

Imports of
gold.

11,858,254

$15,104,016 $197,445,631 $304,081,579
13,926,610
199,512,294 297,975,365
301,414,163
9,862,159 223,098,966
4,609,708
296,352,797
231,060,229
4,101,449
233,812,615
293,344,658
4,472,335
229,664,318
296,592, 689
12,325,203
201,244,581
290,625,796
14,108,050
202,857,181
290,681,839
14,679, 367 221,231,681
291,821,624
15,051,220
212,331,729
284,318,681
14,430,032 218,172,921
281,141,378
14,401,301
221,381,650 295,477,492

a 18,753, 335

49,273.134
47,490,432
50,251,159
50,492,692
49,000,869
50,350,463
50,790, 096
48,194,728
50,631,169
45,092,868
47;980,024
55,367,081

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

o-

96,221,730

38,573,591

981,905
900,840
429,515
892,305
1,183,145
1,420,050

9,834,333
. 7,972,868
31,431,038
27,250,852
8,935,274
7,617,237

1,302,248
598,078
2, 278,922
7,074,544
1,963,757
1,880,896>

1,159,274
274,153
1,412,904
310,696
1,137,318
2,668,532
5,741,665
8,486, 330
6,918,627
2,485,552
5,722,148
3,256,392

o
O

fel'.

>O
fej
Ul'

1907—January
February
March
April
May
June

:.
,
,

Total for 12 months
July..
August
September
October
November
December
1908—January
February
March
April
May
June

,

Total for 12 months
July
"August
September
October
November
December
1909—January
February
March
April
May
June

,
,

,

Total for 12 months

55,237,500
53,925,496
54,221,954
53,260,592
57,488,012
62,711,463

45,732,517
43,983,148
40,150,934
45,324,832
45,940,845
38,475,021

9,504,983
9,942,348
14,071,020
7,935,760
11,547,167
24,236,442

663,125, 659

551,705,129

111,420,530

906,465
226,282
438,483
028,246
529,326
283,828
435,283
324,900
616,965
919,321
698,053
488,613

60,864,924
52,995,047
44,646,469
45,588,297
41,624,354
52,824,750
53,690,291
54,173,201
49,156,796
56,648,191
51,485,228
47,956,647

a 4,958,459
5,431,235
6,792,014
13,439,949
3,904,972
o 5,540,922
0 4,255,008
0 5,848,301
o 4,539,831
o 12,728,870
o8,787,175
5,531,966

601,060,723

621,102,390

o 20,041,667

169,456
294,372
320,115
317,724
002,690
318,507
480,428
671,71.0
377,013
075,974
332,311
857,376

72,946,738
47,560,880
52,512,142
57,838,762
55,898,264
56,726,612
59,033,315
51,685,952
53,658,476
52,609,287
55,129,859
49,230,885

0 20,777,282
o 2,266,508
0 4,192,027
0 8,521,038
o7,895,574
0 6,408,105
0 11,552,887
o15,014,242
o281,463
0533,313
o 1,797,548
7,626,491

603,689,490

662,324,445

0 58,734,955

8,135,752
7,771,407
4,944, 821
4,715,016
3,592,043
4,423,426

285,Oil, 577
310,617,216
310,760,992
296,040,433
292,821,224
304,619,431

394,708,206
400,154,655
402,868,003
401,388,342
407,629,665
422,061,445

5,586,496
4,188,283
3,562,043
3,437, 937
2,006,992
1,415,538
7,516,877
9,638,200
13,181,963
10,462,172
11,504,843
7,303,164

293,670,624
284,300,724
280,808,512
237,987,850
245,500,558
249,344,971
217,475,100
210,382,518
204,492,080
193,772,017
213,684,683
221,924,733

388,574,188
386,660,408
389,551,314
387,227,019
400,551,014
419,519,991
416,417,301
418,845, 804
412,608,191
401,596,987
390,933,256
395,171,808

353,628,173
339,890,139
329,052,573
316,882,253
301,387,362
319,501,417
299,701,585
291,263,813
283,934,071
277,433,835
269,901,309
276,375,428

2,450,072
1,127,059
2,126,173
2,219,844
4,505,444
23,872,140

114,510,249

51,399,176

2,723,095
2,100,980
1,722,005
2,664,020
573,235
482,985
1,909,590
1,659,240
2,839,745
1,751,815
1,178,060
1,715,242

3,410,782
3,223,772
2,759,019
4,512,466
63,574,871
44,448,515
10,799,484
2,847,133
3,649,407
2,561,197
3,101,002
3,449,673

7,478,366
4,596,879
1,503,836
3,716,258
615,169
1,004,441
444,200
1,967,597
1,447,206
14,476,341
26,555,913
8,626,718

21,320,012
230,238,004
214,915,576
222,058,504
232,051,793
228,201,751
232,703,457
204,776.864
234,094,571
240,173,188
235,590,916
224,263,038
227,698,852

3,270,505
3,329;867
5,046,243
4,974,527
2,682,163
2,165,342

12,792,165

5,658,845
5, 378,672
5,506,742
3,700,135
3,053,976
10,264,858
8,677,272
10,937,846
7,563,362
5,911,232
7,167,021
6,574,334

2,597,885
865,755
548,580
879,340
1,039,870
1,062,975

148,337,321

72,432,924

2,038,805
1,297,739
1,357,640
980,565
1,706,235
2,432,635
3,345,555
1,425,805
1,516,417
1,142,005
1,359,850
1,412,690
20,015,941

2,949,179
4,303,847
4,767,051
3,785,705
2,909,883
5,152,732
3,420,183
3,576,444
5,161, 648
3,345,861
2,263,721
2,367,735
44,003,989

4,845,272
6,699,742
3,974,391
1,952,574
2,967,795
7,357,707
7,865,356
8,860,814
21,252,462
6,337,994

11,171,265
8,346,446.

Ul

fej
fel
Kj

O
fel
1-3.

fej
1-3

fej

>
d
Ul
&j

91,531,81S

aExcess of disbursements.
NOTE.—The above figures are exclusive of disbursements for the Panama Canal, the first payments for which occurred in the fiscal year 1903.
NOTE.—The receipts and disbursements 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.




O
Or

106

BEPORT ON THE FINANCES.

TABLE J.—STATEMENT

C
D

1791
1792
1793
1794
1796
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
1.833 •
1834
1835
1836
1837
1838
1839
1840
1841
1842
18430
1844
1845
1846
1847
1848
1849
1850
1851
1852
1853
1854
1855
1856
1857
1858
1859
I860
1861
1862
1863
1864
1866-

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

OF RECEIPTS OF THE UNITED STATES FROM MARCH 4,
1789,
J U N E 30) FROM THAT TIME. FOR POSTAL
Miscellaneous.
C U4.0 UVJ-LXO*
\.J n s t o m s

$4, 399,473.09
$973,'965.'75
3,443,070.85
4,255, 306.56
783,444.51
753 661.69
4,801,065.28
5,588,461.26
1,151,924.17
6,567,987.94
616,442.61
7,549,649.65
888|995.42
7,106,061.93
1,021,899.04
617 451.43
6 610,449.31
2,161,867.77
9i 080,932.73
2,623,311.99
10,-750,778.93
3,295,391.00
12,438,235.74
5,020,697.64
10,479,417.61
4,825,811.60
11,098, 565.33
4,037,005.26
12,936,487.04
3,999,388.99
14,667,698.17
4,538,123.80
15,845,521.61
9,643,850.07
16,363,650.68
9,941,809.96
7,257,506.62
3,848,056.78
8,583, 309.31
2,672,276.57
13,313,222.73
3,502,305.80
. 8,958,777. 53
3,862,217.41
13,224,623.25
5,196,642.00
5,998,772.08
1,727,848.63
7,282,942.22
13,106,592.88
36,306,874.88
22,033,519.19
26,283, 348.49
14,989,465.48
17,176, 385.00
1,478,526.74
20,283,608.76
2,079,992.38
15,005, 612.15
1,198,461.21
13,004,447.15
1,681,592.24
17,589,761.94
4,237,427.55
19,088,433.44
9,463,922.81
17,878.325.71
1,946,597.13
20,098,713.45
6,201,650.43
23,341,33L77
6,358,686.18
19,712,283.29
6,668,286.10
23,205,523.64
5,972,435.81
22,681,965.91
5,755,704.79
21,922,391.39
6,014,539.75
24,224,441.77
4,502,914.45
28,4(i5,237. 24
2,011,777.55
29,032,508.91
11,702,905.31
16,214,957.15
8,892,858.42
19,391,310.59
26,749,803.96
23,409,940.53
46,708,436.00
11,169,290.39
37,327,252.69
16,158,800.36
23,137, 924.81
36,891,196.94
33,157,503. 68
13,499,502.17
29,963,163.46 • 14]487,216.74
18,187, 908.76
28,685,111. 08
7,046,843.91
30.521.979.44
26,183,570.94
39,186,284.74
27,528,112.70
36,742,.829.62
26, 712,667.87
36,194,274.81
23,747,864.66
38,261,959.65
31,757,070.96
33,079,276.43
28,346,738.82
29.416.612.45
39,668,686.42
32,827,082.69
49,017,567.92
35 871 753 31
41] 339,326.-62
40; 158! 353'. 25
58,931,866.52
43,338,860.02
64,224,190.27
60,261,901.09
53,025,794.21
48,591,073.41
64,022,863.50
47,777,672.13
49,108,229.80
63,875,905.05
46,802,855.00
41, 789,620.96
35,113,334. 22
49,565,824.38
33,193,248.60
53,187,511.87
32,979,530.78
39,582,125.64
30,963,857.83
49,056,397.62
46,965,304.87
69,059,642.40
36,623,046.13
102,316,152. S9
134,433,738.44
84,928,260.60




I n t e r n a l revenue.

Direct tax.

P u b l i c l a n d s . O t h e r miscellaneous items.

$208,'942.* s i
337,705. 70
274,089.62
337,755.36
$i,*836.*i3
475,289.60
675,491.45
83,540.60
644,357.95
11,963.11
779,136.44
443.'75
809,396.55 ""$734,223.'97
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
12,448.68
696,548.82
2,295.96
7,666.66
1,040,237.53
4,903.06
859.22
710,427.78
4,755.04
3,805.52
836,655.14
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
264,333.36
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
1,803,581.64
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
• 2,218.81
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. 61
10,506.01
3,210,815.48
11,630.65
6,791.13
2,623,38L03
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
755." 22
2,553.32
7,361,576.40
1,682.25
3,411,818.63
3,261.36
1,365,627.42
1,335,797.52
495.00
103.25
898,158.18
1,777.34
2,059, 939.80
2,077,022.30
3,517.12
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
* "i,"795*331."73
152,203.77
37 ,"640," 787." 95 1,485,103.61
167,617.17
109,741,134.10
475,648.96
588,333.29
20^, 464,215.25 1,200,573.03
996,663:31

$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
38,560.42
21,822.86
62,162.57
84,486.84
59,211.22
126,165.17
271,571.00
164,399.81
285,282.84
273,782.35
109,761.08
57,617.71
57,098.42
61,338.44
152,589.43
452,957.19
141,129.84
127,603.60
130,451.81
94,588.66
1,315,722.83
65,126.49
112,648.55
73,227.77
584,124.05
270,410.61
470,096.67
480,812.32
759,972.13
2,245,902.23
7,001,444.59
6,410,348. 45
979,939.86
2,567,112.28
1,004,054. 75
451,995.97
285,895.92
1,076,419.70
361,453.68
289,950.13
220,808. 30
612,610.69
685,379.13
2,06^,308.21
1,185,166.11
464,249.40
988,081.17
1,105,352.74
827i 731.40
1,116.190.81
1,259 920.88
1,352,029.13
1,454,696.24
1,088,630.25
1,023,516.31
915,327.97
3,741,794.38
30,291,701.86
25,441,556.00

a For the half year from

SECEETAKY OF THE TEEASUEY.
TO J U N E 30, 1909, BY CALENDAR YEARS TO 1843
REVENUES SEE TABLE L , P A G E 114.

Dividends.

Ordinary receipts.

Interest.

$4,409,951.19
1791
$8,028.00
3,669,960.31
1792
38,500.00
4,652,923.14
1793
303,472.00
5,431,904.87
1794
6,114,534.59 $4,800.00
160,000.00
1795
8,377,529.65 42,800.00
160,000.00
1796
8,688,780.99
80, 960.00
1797
7,900,4.95.80 78,675.00
79,920.00
1798
7,646,813.31
71,040.00
1799
71,040.00 10,848,749.10
1800
88,800.00 12,935,330.95 *i6"i25.*66'
1801
14,995,793.95
39,960.00
1802
11,064,097.63
1803
11, 826,
307. 38
1804
13,560,693.20
1805
15,559,931.07
1806
16,398,019.26
1807
17,060,661.93
1808
7,773,473.12
1809
9,384,214.28
1810
14,422,634.09
1811
9,801,132.76
1812
14,340,409.95
300.00
1813
11,181,625.16
85.79
1814
15,696,916.82 11,541.74
1815
47,676,985.66
68,665.16
1816
202,426.30 33,099,049.74 267,819.14
1817
525,000.00 21,585,171.04
412.62
1818
675,000.00 24,603,374.37
1819
1,000,000.00 17,840,669.55
1820
14,573,379.72
105,000.00
1821
•297,500.00 20,232,427.94
1822
350,000.00 20,540,666.26
1823
19,381,212.79
350,000.00
1824
367,500.00 21,840,858.02
1825
402,500.00 25,260,434.21
1826
420,boo. 00 22,966,363.96
1827
455, 000.00 24,763,629.23
1828
490,000.00 24,827,627.38
1829
490,000.00 24,844,116.51
1830
•490,000.00 28,526,820.82
1831
490,000.00 31,867,450.66
1832
474,985.00 33,948,426.25
1833
234,349.50 21,791,935.55
1834
506,480.82 35,430,087.10
1835
50,826,796.08
292, 674.67
1836
24,954,153.04
1837
26,302,561.74
1838
31,482,749.61
1839
19,480,115.33
1840
16,860,160.27
1841
19,976, 197.25
1842
8,231,001.26
1843a|
29,320. 707.78
1844
29,970,105.80
1846
29,699,967.74
1846
26,467,403.16
1847
35,698,699.21
1848
30,721,077.50
1849
43,592,888.88
1850
52,555,039.33
1851
49,846,815.60
1862
61,587,031.68
1853
73,800, 341.40
1854
65,350,574.68
1855
74,056, 699.24
1856
68,965: 312.57
1857
46.655, 365.96
1858
52,777; 107.92
1859
56,054;599.83
1860
41,476,299.49
1861
51,919,261.09
1862
112,094, 945.51
1863
243,412; 971.20
1864
322,03i; 158.19
1865
J a n u a r y 1 t o J u n e 30,1843.




107

AND BY FISCAL YEARS (ENDED

Premiums.

Receipts
from l o a n s a n d
Treasury
notes.
$361, 391.34
.45
5,102,
1,797, 272.01
4,007, 950.78
3,396, 424.00
320, 000.00
70, 000.00
200, 000.00
5,000, 000.00
1,565, 229.24

2,750,000.00

$32,107.64
686.09

40,000.00

12,837, 900.00
26,184; 135.00
23,377,826.00
35,220,671.40
9,425,084.91
466,723.45
8,353.00
2,291.00
3,000,824.13
5,000,324.00
5,000,000.00
5,000,000.00

71,700.83
666.60
28,366.91
37,080.00
487,065.48
10,560.00
4,264.92
22.50

709,357.72
10,008.00
33,630.90
68,400.00
602,345.44
21,174,101.01
11,683,446.89

2,992,989.15
12,716,820.86
3,857,276.21
5,589,647.51
13,659,317.38
14,808,735.64
12,479,708.36
1,877,181.35
28,872, 399.45
21,256, 700.00
28,588, 750.00
4,045, 950.00
203, 400.00
46, 300.00
16, 350.00
2, 001.67
800. 00
200.00
900.00
23,717, 300.00
'28,287, 500.00
20,776, 800.00
41,861, 709.74
529,692, 460.50
776,682, 361.67
1,128,873, 945.36
1,472,224, 740.85

Total receipts.

$4,771, 342.53
8,772, 458.76
6,450, 195.16
9,439, 855.66
9,515, 758.59
8,740, 329.65
8,758, 780.99
8,179, 170.80
12,546, 813.31
12,413, 978.34
12,945, 465.95
14,995, 793.95
11,064, 097. 63
11,826, 307.38
13,560, 693.20
15,559, 931.07
16,398; 019.26
17,060 661.93
7,773; 473.12
12,134; 214.28
14,422, 634.09
22,639, 032.76
40,524, 844.95
34,559, 536.95
50,961, 237. 60
57,171 421.82
33,833, 592.33
21,593 936.66
24,605, 665.37
20,881, 493.68
19,573, 703.72
20,232, 427.94
20,540, 666.26
24,381, 212.79
26,840, 858.02
25,260, 434.21
22,966, 363.96
24,763, 629.23
24,827, 627. 38
24,844, 116.51
28,526, 820.82
31,867, 450.66
33,948, 426.25
21,791, 935.55
35,430, 087.10
50,826, 796.08
27,947; 142.19
39,019, 382.60
35, 340, 025.82
25,069; 662.84
30,519; 477.65
34,784; 932.89
20,782, 410.45
31,198, 655.73
29,970, 105.80
29,699, 967.74
55,368, 168.52
66,992, 479.21
59,796, 892.98
47,649, 388.88
52,762, 704.25
49,893, 115.60
61,603, 404.18
73,802, 343.07
65,351 374.68
74,056, 899.24
68,969, 212.57
70,372, 665.96
81,773, 965. 64
76,841, 407.83
83,371, 640.13
581,680, 121.69
889,379, 652.62
1,393,461, 017.57
1,806,939, 345.93

108

BEPORT ON T H E FINANCES.
• TABLE J.—STATEMENT OF THE RECEIPTS OF THE UNITED

Balance in
the Treasury at
commencement of year.
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
1907
1908
1909

Miscellaneous.
Customs.

933,657.89 $179,046, 651.58
176,417, 810.88
160, 817,099.73
164,464, 599.56
198, 076,437.09
180,048, 426.63
158, 936.082.87
194,538, 374.44
183, 781,985.76
206,270, 408.05
177, 604,116.51
216, 370,286.77
138, 019,122.15
188,089, 522.70
134, 666,001.85
163,103, 833.69
159, 293,673.41
167,167, 722. 35
178, 833,339.54
148,071, 984.61
172, 804,061.32
130,956, 493.07
149, 909,377.21
130,170, 680.20
214, 887.645.88
137,250, 047.70
286, 691,453.88
186,522, 064.60
386, 832.588.65
231, 940,064; 44 198,159, 676.02
220,410, 730.25
280, 607,668.37
214,706, 496.93
275, 450,903.53
195,067, 489.76
374, 189,081.98
181,471, 939.34
424, 941,403.07
192,905, 023.44
521, 794,026.26
217,286, 893.13
526, 848,755.46
219,091, 173.63
512, 851,434.36
223,832, 741.69
659, 449,099.94
229,668, 584.57
673, 399,118.18
219,622, 205.23
691, 527,403.76
177,452, 964.15
726,222,332.60
203,355, 016.73
778, 604,339.28
131,818, 530. 62
738, 467,555.07
152,158, 617.45
763, 565.540.75
160,021, 751.67
773, 610.008.76
176,554, 126. 65
846, 093.349.62
149,575, 062.35
864, 790,237.71
206,128, 481.75
775, 751,368.11
233,164, 871.16
867, 980,559.46
238,585, 455.99
1,059,336,349.58
254,444, 708.19
1,128, 762,603.23
284,479, 581.81
1,221, 259.599.66
261,274, 564.-81
1,310, 006.031.20
261', 798,
866.91
1,328, 972,020.53
300,261, 877.77
1,316, 679.270.63
332,233, 362.70
1,403, 908,212.91
286,113, 130.29
1,610, 665,977.69
300,711, 933.95
1,722, 947.275.21
10,861,209,275.34

Internal revenue.

Direct tax.

Other
Public lands. miscellaneous
items.

$665, 031.03
$309,226, 813.42 $1,974,754.12
1,163, 575.76
266,027, 537.43 4,200,233.70
1,348,715.41
191,087, 689.41 1,788,145.85
4,020, 344.34
158,356, 460.86
765,685.61
3,350, 481.76
184.899, 756.49
229,102.88
2,388, 646.68
143,098, 153.63
680,365.37
2,575, 714.19
130,642, 177.72
2,882, 312.38
113,729, 314.14
315,254.61
1,852,428.93
102,409, 784.90
1,413,640.17
110,007, 493.58
1,129,466.95
116,700, 732.03
93,798.80
118,630, 407.83
976, 253.68
110,581, 624.74
1,079, 743.37
113,561, 610.58
924, 781.06
124,009, 373.92
1,016,506.60
30.85
135,264, 385.51
02.201,863.17
1,616.
146,497, 595.45
4,753,140.37
160,141.69
144,720, 368.98
7,955,864.42
108,156.60
121,586, 072.51
9,810,705.01
70,720.75
112,498, 725.64
5,705, 986.44
5,630, 999.34
• 116,805,936.48
108,239.94
9,254,286.42
118,823, 391.22
32,892.05
124,296, 871.98
1,565.82 11.202, 017.23
130,881, 513.92
8,038, 651.79
142,606, 705.81
. 6,358,272.51
145,686, 249.44
4,.029,535.41
153,971, 072.57
3,261, 875. 58
161,027, 623.93
3,182, 089.78
147,111, 232.81
1,673, 637.30
143,421, 672.02
1,103,347.16
146,762, 864. 74
1,005, 523.43
146,688, 574.29
864, 581.41
170.900, 641.49
1,243, 129.42
273,437, 161.51
1,678,246.81
295,327, 926.76
2,836,882.98
307,180, 663.77
2,966, 119.65
271,880, 122.10
4,144,122.78
230,810, 124.17
8,926,311.22
232,904, 119.45
7,453,479.72
234,095, 740.85
4,859,249.80
249,150, 212.91
4,879,833.65
269,666, 772.85
7,878, 811.13
251,711, 126.70
9,731,560.23
246,212, 643.69
7,700, 567.78

$29,036,314.23
15,037, 522.15
17,745,403.69
13,997; 338.65
12,942; 118.30
22,093,541.21
15,106,061.23
17,161,270.05
32,575,043.32
15,431, 915.31
24,070, 602.31
30,437,487.42
15,614,728.09
20,585,697.49
21,978,525.01
25,154,850.98
31,703,642.62
30, 796,695.02
21,984, 881.89
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
19,186,060.64
23,614,422.81
83,602,501.94
34,716,730.11
35,911 170.99
38,954;098.12
32,009, .14
36,180, 657.20
38,084,749.88
43,852,911.06
40,436,017.99
53,346,713.24
53,504,906.05
48,964,344.52

8,044,021,094.12 28,131,990.32 355,894,011.36 1,345,567,694.57

NOTE.—The receipts for the years 1904 to 1909, inclusive, are stated on the basis of the Treasurer's
NOTE.—The receipts from proceeds of Panama Canal bonds and premium paid thereon are omitted
NOTE.—Under the heads of "Receipts from loans and Treasury notes" and " Total receipts " are
These issues are excluded from the public debt figures in Table L, page 114.




SECRETARY OF T H E TREASURY,

109

STATES FROM MARCH 4, 1789, TO J U N E 30, 1909, ETC.—Continued.

Dividends.

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
1907
1908
1909

Receipts
from loans and
Treasury
notes.

Ordinary
receipts.

$519,949,664. 38
462,846,679.92
376,434,453.82
357,188,256.091
395,959;833.87
374,431,104. 94
364,694,229. 91
322,177, 673,
299,94i; 090.84
284,020,771.41
290,066,584.701
281,000,642.00
257,446;776.40
272,322,136.83
333,526,500.98
360,782,292.57
403,525,250.28
398,287,581.95
348,519,869.92
323,690,706.38
336,439,727.06
371,403,277.66
379,266,074.76
387,050,058.84
403,080.982.63
392,612,.447.31
354,937,784.24
385,819,628. .78
297,722,019.251
313,390,076.11
326,976,200.38|
347,721,705.16
405,321,335. 20|
515,960,620.18
567,240,851.89
687,685,337.53|
562,478,233.21
560,396,674.401
539,716,913,
544,606,758.621
694,717,942.32
663,125,659. 92
601,060,723.27
603,689,489.84
$9,720,136.29 20,644,544,201.99 $485,224.45

$38,083,055.68
27,787,330.35
29,203,629.50
13,755,491.12
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

8,633,295.71
11,339,344.621
11,166,246.41

1,484, 048.00
455,336.00
530,324.00
1,509,234.00

$712,851, 553.05
640,426; 910.29
625, i i i ;433.20
238,678,081.06
285,474,496.00
268,768,523.47
305,047,054.00
214,931;017.00
439,272,536.46
387,971 556.00
397,465,808.00
348,871,749. ool
404,581,201.001
792,807,643.00
211,814,103.00
113,750,534.00
120,945,724.00
555,942,564.00
206,877,886.00
245,196,303.00
116,314,850.00
154,440,900.00
285,016,650.00
245,111,350.00
245,293,650.00
373,208,857.75
381,463,512.00
347,051,586.00
417,651,223.50
395,787,205.50
482,710,363.50
220.00
389, 930,
333,227,920.00
522,490,720.00
510,558,056.00
218,978,610.00
89,259,910.00
147,441,230.00
113,720,100.00
23,292,150.00
117,850,887.00
173,795,965.50
180,523,480.00
42,882,000.00

Total receipts.

1,270,884,173.11
1,131,060,920.56
1,030,749,516.52
609,621,828.27
696,729,973.63
662,092,468.36
679,153.921.56 •
548,669,221.67
744,251,291.52
675,971,607.10
691,551,673.28
630,278,167.58
662,345,079. 70
1,066,634,827.46
546,340,713.98
474,532.826.57
'524,470,974.28
954,230,146.96
555,397,755.92
568,887,009.38
452,754,677.06
625,844,177.66
664,282,724.76
632,161,408.84
648,374,632.63
765,821,305.06
736,401,296.24
732,871,214.78
724,006,538.46
720,516,625.23
820,852,810.29
737,651,925.16
738,549.255.20
451,340.18
,077,798,907.89
806,663,947.63
651,738.143.21
709,321,952.40
653,892,349.86
567,898,-908.62
713,099,153.32
838,430,859.42
781,584,203.27
646,471,489.84

239,377,049.57 18,148,008,116.69 39,032,414,591.60

casu; prior years on the basis of warrants issued.
in this statement but included in Table L, page 114.
included issues of certificates and notes, which do not, however, afiiect the cash in geueral fund.




110

REPORT ON THE FINANCES.

TABLE K.—STATEMENT OF DISBURSEMENTS OF THE UNITED STATES FROM MARCH 4,
J U N E 30) FROM THAT TIME. FOR POSTAL

Year.

1791..
1792.1793..
1794..
1795..
1796..
1797..
1798..
1799..
1800-.
1801.1802:.
1803..
1804..
1805..
1806..
1807..
1808..
1809..
1810..
1811.1S12-.
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-.
1848-1819..
1850..
1851..
1.852..
1853..
1864.1855.1856-1857-1858.1859-.
1860-1861..
1862..
1863..
1864..




War
Department.

$632, 804.03
1,100, 702.09
1,130, 249.08
2,639, 097.59
2,480, 910.13
1,260, 263.84
1,039, 402.
2,009, 522.
2,466, 946.98
2,560, 878.77
1,672, 944.08
1,179, 148.25
822, 055.85
875, 423.93
712, 781.28
224, 355.38
288, 685.91
900, 834.40
345, 772.17
294, 323.94
032, 828.19
817, 798.24
652, 013.02
350, 806.86
794, 294.22
012, 096.
004, 236.53
622, 715.10
506, 300.37
630, 392.31
461, 291.78
111, 981.48
096, 924.43
340, 939.85
659, 914.18
943, 194.37
948,,.977.88
145, 544.56
724, 291.07
767, 128.88
841, 835.55
446, 034.88
704, 019.10
696, 189.38
759, 156.
747, 345.25
682, 730.80
897, 224.16
916, 995.80
095, 267.23
801 610.24
6IO; 438.02
2,
671.95
5, 218, 183. 66
5, 746, 291.28
10, 413, 370.58
35; 840, 030.
27; 688, 334.21
14; 558, 473.26
9; 687, 024.68
12; 161, 965.11
8, 521, 506.19
9, 910, 498.49
11 722, 282. 87
648, 074.07
16, 963, 160.51
19, 1.59, 150.87
25, 679, 121.63
23, 154, 720.53
16, 472, 202.72
23, 001, 530.67
389, 173, 562.29
603, 314, 411.82
690, 391 048 66

Navy
Department.

$61, 408.9'
410, 562.03
274, 784.04
382, 631.89
1,381, 347.76
2,858, 081.84
3,448, 716.03
2,111, 424.00
915, 561.87
1,215, 230.53
1,189, 832.75
1,597, 500.00
1,649, 641.44
1,722, 064.47
1,884, 067,
2,427, 758.80
1,654, 244.20
1,965, 566
3,959, 365.15
6,446, 600.10
7,311, 290.60
8,660, 000.25
3,908, 278f30
3,314, 598.49
2,953, 695.00
3,847, 640.42
4,387, 990.00
3,319, 243.06
2,224, 458
2,503, 765.83
2,904, 581.66
3,049, 083.86
4,218, 902.45
4,263, 877.45
3, 918, 786.44
3,308, 745.47
3,239, 428.63
3,856, 183.07
3,956, 370.29
3,901, 356. 75
3,956, 260.42
3,864, 939.06
5,807, 718.23
6,646, 914.53
6,131, 580.53
6,182, 294.25
6,113, 896.89
6,001, 076.97
8,397, 242.95
3,727, 711.53
6,498, 199.11
6,297, 177.89
6,455, 013.92
7,900, 635.76
9,408, 476.029, 786, 705.92
7,904, 724.66
8,880, 581.38
8,918, 842.10
11,067, 789.53
10,790, 096. 32
13,327, 095.11
14,074, 834.64
12,651, 694.61
14,053, 264.64
14,690, 927.90
11,514, 649.83
12,387, 156.52
42,640, 353.09
63,261, 235.31
85,704, 963.74

Indians.

$27, 000.00
13; 648.85
27, 282.83
13, 042.46
23, 475. ^8
113, 563.98
62, 396.68
16, 470.09
20; 302.19
31. 22
9, 000.00
94, 000.00
60, 000.00
116, 500.00
196, 500.00
234, 200.00
205; 425.00
213, 575.00
337; 503.84
177 625.00
151 875.00
277, 845.00
167, 358.28
167 394.86
530; 750.00
274, 512.16
319; 463.71
505; 704.27
463, 181.39
315, 750.01
477 005.44
575; 007.41
380, 781.82
429, 987.90
724 106.44
743; 447.83
750, 624.88
705, 084.24
576, 344.74
622, 262.47
930, 738.04
1,352; 419.75
1,802, 980.93
1,003, 953.20
1,706, 444.48
5,037 022.88
4,348; 036.19
5,504; 1.91.34
2,1
917.28
2,331; 794.86
2,514; 837.12
1,199; 099.68
578; 371.00
1,256, 532.39
1,539, 351.35
1,027, 693.64
1,430 411.30
1,252; 296.81
1,374, 161.55
1.663, 591.47
2,829, 801.77
3,043, 576.04
494.12
3,^
1,550; 339.55
2, 772, 990.78
2,644 263.97
. 4,354 418.87
4,978, 266.18
3,490, 534.53
2,991 121.54
2,865; 481.17
2,327 948.37
3,152; 032.70
2,629, 976.97

Pensions.

Civil a n d
Miscellaneous.

$175, 813.88
$1,083, 971.61
109, 243.15
4.672, 664.38
80 087.81
511 451.01
81 399.24
750, 350.74
68; 673.22
1,378 920.66
100, 843.71
801 847.58
92, 256.97
1,259, 422.62
104, 845.33
1,139, 524.94
95, 444. 03
1,039; 391.68
64, 130.73
1,337; 613.22
73, 533.37
1,114; 768.45
85, 440.39
1,462; 929.40
62 902.10
1,842; 635.76
80, 092.80
2,19i; 009.43
81 854.59
3,768; 598.75
81 875.53
2,890; 137.01
7o; 500.00
1,697 897.51
82, 576.04
1,423; 285.61
87, 833. 54
1,215; 803.79
83, 744.16
1,101; 144.
75, 043
1,367; 291.40
91 402.10
1,683; 088.21
86; 989.91
1,729, 435.61
90, 164.36
2,208; 029.70
69, 656.06
2,898 870.47
188, 804.15
2,989; 741.17
297 374.43
3,518, 936. 76
890; 719. 90
3,835, 839. 51
2,415, 939.85
3,067 211.41
3,208, 376.31
2,592; 021.94
242, 817.25
2,223; 121.54
1,948; 199.40
.1,967, 996.24
i , 7 r - 588.52
2,022; 093.99
1,499, 326.59
7,155; 308.81
1,308, 810.57
2,748; 544.89
1,556, 593.
. 2,600; 177.79
976, 138.
•2,713; 476.58
850, 573.57
3,676, 052.64
949, 594.47
3,082; 234.65
1,:
297.31
3,237; 416.04
1,170; 665; 14
3,064; 646.10
1,184 422.40
4,577 141.45
4,589; 152.40
5,716; 245.93
3,364, 285.30
4,404; 728.95
1,954 711.32
4,229; 698.53
2,882 797.96
5,393; 279.72
2,672, 162.45
9,893; 370.27
2,156 057.29
7,160, 664.76
3,142, 750. 51
5,725, 990.89
2,603, 562.17
5,995, 398.96
2,388 434.51
6,490, 881.45
.1,378 931.33
6,775, 624.61
839 041.12
3,202, 713.00
2,032; OOS.99
5,645; 183.86
2,400, 788.11
5,911 760.98
1,811 097.56
6,711 283.89
1,744 883.63
6,885; 608. 35
1,227 496.48
5,650, 851.25
1,328; 867.64
12,885, 334.24
1,866, 886.02
16,043, 763.36
2,293; 377.22
17,888, 992.18
2,401 858.78 •17,504 171.45
1,756; 306.20
17,463 068.01
1,232; 665.00
26,672, 144.68
1,477 612.33
24,090, 425.43
1,296, 229.65
•31,794, 038.87
1,310; 380.58
28,565, 498.77
1,219; 768.30
26,400, 016.42
1,222 222. 71
23,797 544.40
1,100 802.32
27,977; 978.30
1,034; 599.73
23,327 287.69
852; 170.47
21,385; 862.59
1,078; 513.36
23,198, 382.37
4,985; 473.90
27,572 216.87
a F o r t h e h a l f y e a r from

Ill

SECEETAEY OF THE TEEASUEY.
1789, TO J U N E 30, 1909, B Y C A L E N D A R Y E A R S TO 1843
E X P E N D I T U R E S S E E T A B L E L , P A G E 114.

Ordinary
disbursements.

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
1326
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
1869
1860
1861
1862
1863
1864

177,
373,
097,
752,
947,
239,
172.
955,
815,
402,
411,
239,
949,
185,
657,
368,
369,
557,
866,
163,
585,
451,
599,
593,
990,
822,
536,
209,
211,
151,
126,
172,
922,
943,
366,
975,
486.
098.
542,
912,
373,
772,
303,
202,
57,

863.03
611.28
859.17
523.04
059.06
347.68
516.73
875.90
651.41
601.04
830.06|
172.16
462.36
048.74
114.22
968.26
578.48|
074.23
074.90
671.09
435.57
272.57
455.22
239.04
090.24|
923.34i
282.55
9.54.03
730.56
004.32
073.79
788.79
475.40
557.93
757.40
542.95
071. 51
800.60
843. 23
574.93
748. 74
561.50
796.87i
152. 98
863.08

•14, 996.48
399, 833.89
174, 598.08
284, 977.56
773, 549.851
523, 583.91
1,833, 452.13|
1,040, 458.181
842, 723.27,
1,119, 214.72|
2,390, 765.
3,565, 535.78|
3,782, 393.03
3,696, 760.751
4,000, 297.
3,665, 832.74|
3,070, 926.69
2,314, 464.99
1,953, 822.37
1,593, 265.23
1,652, 055.67
2,637, 649. 70
3,144, 120.94
4,034, 157.30
13,190, 344.84
24,729, 700.62
53,685, 421.69

$3 097, 452.
8 269. 869.
3 846. 929.
6 297. 822.
7 309. 600.
5 790. 650.
6 008. 627.
7 607. 586.
9 295, 818.
10 813, 971.
9 393, 499.
7 976, 252."
7 952, 286.
8 637, 907.
9 014, 348.
9 449, 177,
8 354, 161.
9 061, 413,
10 280, 747.
8 474, 753.
8 178, 040,
20 280, 771,
31 681, 852.
34 720, 925,
32 943, 661.
31 196, 355.
19 990, 892.
20 018, 627.
21 512. 004.
18 285, 534.
16 849, 552.
15 000, 432.
14 706, 629.
20 273, 702.
15 857, 217.
17 037, 859.
16 139, 167.
16 394, 842.
15 184. 053.
15 142, 108.
15 237, 816.
17 288, 9.50.
23 017, 551,
18 627, 570.
17,572, 813.
30 868, 164.
37 243, 214.
33 864. 714.
26 896, 782.
24 314, 518,
26 481, 817.
25 134, 886,
11 780, 092.
22 483, 560.
22 935, 827.
27 261, 182,
54 920, 784.
47 618, 220.
43 499, 078.
40 948, 383.
47 751, 478,
44 390, 252.
989,
47 743, 455,
55 038. 662,
58 630,
68 726, 350,
67 634. 408,
73 982, 492.
68 993, 699,
875,
63 200, 213,
66 650, 241,
469 570, 276,
718 734.
864 969, 100,

Jauuary 1 to June 30, 1843.




Premiums.

AND BY FISCAL Y E A R S ( E N D E D

Public debt.

984.23
693, 050.251
2,633 048.07
2,743 771.13
2,841, 639.37
2,577, 126.011
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, 697.07
3,977, 206.07
'4,583, 960.63
5,572. 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, 139.59
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, 835.83
7,728, 587.
7,065, 539.241
6,517, 596.
9,064, 637.47|
9,860, 304.77
9,443, 173.29
14,800, 629.48
17,067, 747.79|
1,289, 746.51
5,974, 412.21
328.201

$18,231.43

82,865.81
69,713.19
1.70,063.42|
420,498.64
2,877,818.69
872,047.39
385,372.90|
363,572.39
674,443,""

21, 822.91
5,590, 723. 791
10,718, 153.53
3,912, 015.62
5,315, 12.19
7,801 990.09
338, 012.64
11,158, 450.71
7,536, 349.49
371, 100.04
5,600, 067. 65
13,036, 922.54
12,804, 478.541
3,656, 335.14|
654, 912.71
2,152, 293.051
6,412, 574.01
17,556, 896.95
6,662, 065.86
3,614 618.66
3,276, 606.05
7,505, 250.82
14,685, 043.15l
13,854, 250.001
18,737, 100.00
96,097, 322.091
181,081, 635.07
430,572, 014.03'

Total disbursements.
$3,'
8,
6,
9>
10,

40,
35,
24,
21,
19,
17,
15,
31,
23,
24,
22,
25,
25,
24,
30,
34,
24,
24,
17,
30,
37,
39,
37,
28,
31,
32,
12,
33,
30,
27,
60,
60,
56,
44,
48,
46,
54,
75,
66,
72,
71,
82,
83,
77,
85,
565,
899,
1,295,

436.78
920. ool
977.97
593.171
240.15|
776.84
877.37
618.41
396.97
534.12|
376.94
487.31
983.67
113.721
309.4'
196.261
292.991
702.04
226.30|
994,
604.86|
121.16
520.36
230.32
493.35
495.51
646.04
875.40
199.73
024.85
572.69
592.63
171. OOl
538.47
804.72
398.46
764.04
479.52
358.40
281.55
446.12
698.06
298.49|
982.44
141.56
164.04
037.15
438.35
936.15|
633.81
530.03
876.53
105.15
010.85
408.71
282.90
851.74
143.191
422.74
718.26|
104.31
.608.83
061.741
170.75
775.96
341.57
587.37
186.74
642.92
125.65
31.3.08
563.74
911.25
541 114.!

Balance in
Treasury at
the end of
the year.
$973 , 905.76
783;
,444.61
753, 661.69
,
1,151,
,924.17
,442.61
516,
888>, 995.42
1,021 ,899.04
617 . 451.43
2,161 ,867.77
,311.99
2, 623;
,391.00
3,295,
'
,
5,020, 697.64
,811.60
4,825,
4,037,005.26
1,388.99
3,999,
i
,
4,538, 123.80
.850.07
9,643,
9,941 ,809.96
3,848,056.78
,276.57
2,672,
:
,
3,502, 305. 80
i
,
3,862, 217.41
i
,
5,196, 542.00
1,727 ,848.63
,592.88
13,106;
,519.19
22,033,
',465.48
14,989;
i
,
1,478, 526.74
'
,
2,079, 992.38
i
,
1,198, 461.21
1,681 ,592.24
4,237,427.55
,922.81
9,463;
i
,
1.946, 597.13
5,201 ,650.43
i
,
6,358; 686.18
,286.10
6,668,
:
,
5,972, 435.81
,704.79
5.755,
:
,
6,014, 539.75
:
,
4,502, 914.45
2, Oil, 777.56
,905.31
11,702;
,858.42
8,892,
,803.96
26,749,
.
46,708,, 436.00
,252.69
37,327,
,
36,891' 196.94
33,157 , 503.68
,
29,963, 163.46
,111.08
28,685,
,979.44
30,521,
i
39,186,, 284.74
:
36,742,, 829.62
36,194,274.81
38,261 , 959. 65
',
33,079, 276.43
,612.45
29,416,
,082. 69
32,827,
35,871 ,763.31
,353.25
40,158;
,860.02
43, 338,
,901. 09
50,261,
48,591 ,073.41
47,777 ,672.13
;
49,108;, 229.80
:
46,802,, 855.00
i
,
35,113, 334.22
,248.60
33,193,
;
,
32,979, 530.78
;
30,963,, 857.83
,304.87
46,965,
,046.13
36,523,
,738.44
134,433,

112

REPORT ON T H E

FINANCES.

T A B L E K . — S T A T E M E N T OF T H E DISBURSEMENTS OF T H E U N I T E D

War
Department.

Year.

1865.
1866.

Navy
Department.

Indians.

Pensions.

Civil and
miscellaneous.

$1,030,690,400.06 $122,617,434.07
283,164,676.06
43,285,662.00

$5,059,360.71
3,295,729.32

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

$42,989,383.10
40,613,114.17

3,568,638,312.28 717,551,816.39
a 3,621,780.07
a77,992.17

103,369,211.42
a53,286.61

119,607,656.01
a9,737.87

643,604,554.33
a 718,769.52

717,629,808.56 103,422,498.03
4,642,531.77
31,034,Oil.04
25,775,502.72
4,100,682.32
20.000,757.97
7,042,923.06
21,780,229.87
3,407,938.15
19,431,027.21
7,426,997.44
21,249,809.99
7,061,728.82
23,526,256.79
7,951,704.88
30,932,587.42
6,692,462.09
21,497,626.27
8,384,656.82
18,963,309.82
5,966,558.17
14,959,935.36
6,277,007.22I
17,365,301.37
4,629,280.28
15,125,126.84
6,206,109.08
13,536,984.74
5,945,457.09
15,686,671.66
6,514,161.09
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
6,194,522.69
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
29,174,138.98
11,150,577. 67
30,136,084.43
13,345,347.27
31,701,293.79
10,293,481.52
28,797,795. 73
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
10,438,350.09
117,550,308.18
14,236,073.71
110,474,264.40
12,716,859.08
97,128,469.36
15,163,608.41
118,037 097.15
14,579,765.75
115,546,on. 09 15,694, 618.11

119,617, 393.88
20,936, 551.71
23,782; 386. 781
28,476; 621.78|
28,340; 202.17
34,443; 894.88
28,533; 402.76
29,359; 426.86|
29,038, 414.
29, 456, 216.221
28,257, 395.69
27,963, 752.27
27,137, 019.081
35,121, 482,
56,777, 174.441
50,069, 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, 557.87
141,177, 284.96
141,395, 228.87
139,434, 000.98
141,053, 164.63
147,452 368.61
139,394; 929.07
1.40,877; 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
139,309, 514. 31
153,892, 467.01
161,710, 367.25

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, 532.63
53,177, 703.57
65,741 555.49
54,713, 529.76
64,416, 324.71
57,219, 750.98
68,678, 022.21
70,920, 433.70
87,494, 258.38
74,166, 929.85
85,264, 825.59
72,952, 260.80
80,664, 064.26
81,403, 256.49
110,048, 167.49
99,841, 988. 61
103,732, 799.27
101,943, 884.07
93, 279, 730.14
87,216, 234. 62
90,401, 267.82
96,520, 505.17
119,191, 255.90
105,773, 190.16
122,282, 003.10
113,469, 323.91
124,934, 304.74
136,602; 202.92
143,033, 728.82
142,894, 471.46
153,045, 913.13
175,420, 408.67
186,502, 149.47

1867.
1868.
1869.
1870.
1871.
1872.
1873.
1874.,
1875.
1876.
1877.
1878.,
1879.
1880.,
1881.
1882.,
1883.
1884.,
1886.,
1886.,
1887.,
1888.,
1889..
1890-,
1891-,
1892-,
1893-.
1894..
1896.,
1896-,
1897.,
1898-.
1899-.
1900..
1901..
1902-.
1903-.
1904..
1905..
1906..
1907..
1908..
1909-.

Total

5,572,260,092.35
95,224,415.63
123,246,648.62
78,501,990.61
57,656,676.40
35,799,991.82
35,372,157.20
46.323,138.31
42,313,927.22
41,120,645.98
. 38.070,
888.64
37; 082,
735.901
32,154,147.851
40,425,660.73
38,116,916.22
40,466,460.55
43,570,494.19
48,911,382.93
39,429,603.36
42,670,578.47
34.324,162.74
38,561,025.85
38,522,436.11
44,435,270.85
44,682,838.08
48,720,065.01
46,895,456.30
49,641,773.47
54,567,929.85
61,804,759.13
50,830,920.89
48,950,267.89
91,992,000.29
229,841,254.47
134,774,767.78
144,615,697.20
112,272,216.08
118,619,520.15
115,035,410.58
122.175,074.24
117,946,692.37
122,576, 465.49
137,746; 523.95
161,067,462.39

6,689,217,533.14 2,440,456,627.36

485,098,308.61 3,956,132,811.36 4,564,634,667.36

a Outstanding warrants;
NOTE.—This statement is made from warrants paid by the Treasurer up to June 30, 1866. The outbursements for the Panama Canal are-omitted in this statement, but included in Table L, page 114.
cates and notes, which do not, however, affect the cash in general fund. These redemptions are




SECRETAEY OF T H E TEEASURY.
STATES FROM MARCH 4, 1789, TO J U N E 30, 1909,

Ordinary
disbursements.

1865
1866

1890
1891
1892
1893
1894
1896
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909

ETC.—Continued.

Public debt.

Total disbursements.

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

$77,395,090.30 $1,295,099,289.58 $1,717,900.11 $609,616,141,
$1,906,433,331.37 $33,933,657.89
519,022,356.34
133,067,624.91
58,476.51, 620,263,249.101 1,139,344,081.95 165,301,654.76
502,689,519.27 5,655,461,069.70
a 4,484,454.72
a 2,888.48

1867
1868
1869
1870
1871
1872
1873
1874
1876
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887

Premiums.

113

602,692, 407.75 5,659,945.524.42
143,781 591.91
346,729,325.78
140,424, 045.71
370,339.133.82
130,694, 242.
321,190,597.75
129,235; 498. OOl 293,657,005.15
283,160,393.51
125,576; 565.
117,357, 839.72| 270,659,695.91
285,239.325.34
104,750, 688.44
301 238,800.21
107,119, 815.21
274,623.392.84
103,093, 644.57
265,101,084.59|
100,243, 271.23
241 334,474.86
97,124, 511.58
236;964.326.80
102,500, 874.65|
266,947,883. 53
105,327, 949.
264,847,637.36
95,757; 575. Ill
259,651.638.81
82,508, 741.18
257,981,439.57
71,077, 206.79
265,408,137.54
59,160, 131.25
244,126,244.33
54,578, 378.48
260,226,935.11
51,386, 256.47
242.483,138.50
50,580, 145.97
267,932,179.97
47,741, 677.25
259,653,958.67
44,715, 007.47
281,996,615.60
41,001, 484.29
36,099, 284.051 297,736,486.60
355,.372,684.74
37,547, 135.37
23,378, 116.231 345,023,330.58
383,477,954.49
27,264, 392.18
367,625.279.83
27,841, 405.64
356,195,298.29
030.21
30,978,
362,179,446.08
35,385, 028.93
365,774,159.57
37,791, 110.48
443,368,582.80
37,585, 056.23
605,072.179.85
925.02
39,896,
487,713,791.71
40,160, 333.27
509,967,353.15
32,342, 979.04
471, 190,857.64'
29,108, 044.82
348.82| 506,089,022.04|
28,656,
532,237,821.31
24,646, 489.81i
563,360,093.62
24,590, 944.10
649,405.425.35
24,308, 576.27
551, 705,129.04
158.34
24,481.
621, 102,390.64
21,426, 138.21
662, 324,444.771
21,803, 836.46

7,611,003.56 2,374,677,103.12 1,037,749,176.
a 100.31
0 4,484,555.031 a 4,484,555.03
7,611,003.56
10,813,349.38!
7,001,151.04
1,674,680.051
15,996,565.60
9,016.794.74
6,958,266.76
5,105,919.99
1,395,073.55

2,795,320.42
1,061,248.""

8,270,842.46
17,292,362.65
20,304,224.06|
10,401,220.61

33,147,054.81
14,649,672.95|
14,043,391.1^
10,907,119.82
1,257,578.01
1,417,479.53
226,095.97

, 374,677, 203.43 8,042, 233,731.
735,536, 980.11 1,093, 079,655.
692,649, 685.88 1,069, 889,970.
261,912, 718.31
584, 777,996.
393,254, 282.13
702, 907,842.
399,503, 670.65
691, 680,858.
405,007, 307.54
682, 525.270.
233,699, 352.58
524, 044,597.
422,065, 060.23
724, 698.933.
407,377, 492.48
682, 000,885.
449,345, 272.80
714, 446,357.
323,965, 424.05
665, 299,898.
353,676, 944.90
590, 641.271.
699,445, 809.16 '966, 393.692.
432,590, 280.41
700, 233,238.
165,152, 335.05
425, 865,222.
271,646, 299.55
529, 627,739.
590,083, 829.96
855, 491,967.
260,520, 690.50
604, 646.934.
211,760, 353.43
471, 987,288.
205,216, 709.36
447, 699,847.
271,901, 321.15
539, 833,501.
249,760, 258.05
617, 685,059.
318,922, 412.35
618, 211,390.
312,206, 367.50
630, 247,078.
365,352, 470.87
731, 126,376.
338,995, 958.98
684, 019,289.
389,530, 044.50
773, 007,998.
331,383, 272.95
698, 908,552.
354,276, 868.93
710, 472,157.
396,190, 023.35
748, 369,469.
353,180, 877.50
718, 955,037.
384,219, 542.00
827, 588,124.
341,149, 968.98
946, 222,148.
365,582, 271.25
886, 443,117.
212,620, 767.78
737, 237.693.
74,006, 898.00
559, 241,146.
103,569, 394.00
620, 565,635.
52,181, 296.75
685,, 676,696.
12,680, 671.30
576,, 040,764.
55,304, 111.80
606, 127,016.
83,769, 743.00
635, 699,968.
35,539, 750.00
656, 642,140.
60,139, 630.50
722, 463,976.

160, 817,099.73
198, 076,537.09
158, 936.082.87
183, 781,985.76
177; 604.116.61
138; 019,122.16
134; 666,001.85
159; 293,673.41
178, 833.339.64
172, 804,061.32
149, 909,377.21
214, 887.645.88
591,453.88
832.588.65
231 940,064.44
280, 607,668.37
275, 450,903.53
374, 189.081.98
424, 941,403.07
521, 794,026.26
526, 848,755.46
1-512, 851,434.26
659, 449,099.94
673, 399,118.18
691, 527,403.76
726, 222,332.60
778, 604,339.28
738, 467,655.07
763, 565.640.75
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
11,310, 016,016.20
1,378, 221.684.99
1,320,
1,830,164.23
1,423,
:,551,407.27
1,606,,639,104.32
1,735,,608,040.32
1,646,,954,789.78

3,213,620,684.24 621,348,160,622.07 201,345,305.8816,751,451,614.00 37,300,957,441.95

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 is b y w a r r a n t s issued from t h a t d a t e . ' T h e disU n d e r t h e h e a d s of " P u b l i c d e b t " a n d " T o t a l d i s b u r s e m e n t s " a r e i n c l u d e d r e d e m p t i o n s of certifie x c l u d e d from t h e p u b l i c d e b t figures i n T a b l e L p a g e 114.

18518—FI 1909




8

T A B L E L . — R E C E I P T S AND DISBURSEMENTS OP THE U N I T E D STATES, FISCAL YEARS 1856

TO 1909,

INCLUSIVE.
•{^

RECEIPTS.

Miscellaneous.
Year.

1866.
1867.
1858,
1859.
1860.
1861.
1862.
1863.
1864.
1865.
1866.
• 1867.
1868.
1869.
1870.
1871.
1872.
1873.
1874.
1875.
1876.
1877.
18781879.
1880..
1881.
1882.
1883.
1884.
1885.
1886.
1887.
1888.
1889.
1890.
18911892.
1893.
1894.




Customs.

022,863.50
63 ,875,905.05
41, 789,620.96
49, 565,824. 38
63, 187.511.87
39, 582,125.64
49, 056.397.62
69, 059, 642.40
102, 316,152. 99
84, 928,260. 60
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
2-20,410,730.25
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,
219, 668.584.57
177, 522,205.23
203, 452,964.15
131, 855,016. 73
818.630.62

Internal revenue.

$37,640, 787. 95
109,741, 134.10
209,464, 215.25
309,226, 813. 42
266,027, 537.43
191,087, 589. 41
158,356, 460.86
184,899, 756.49
143,098, 153. 63
130, 642,177.72
113,729, 314.14
102,409, 784.90
110,007, 493. 58
116. 700,732.03
118,630, 407.83
110,581, 624.74
113,561, 610.58
124,009, 373.92
135,264, 385.51
146,497, 595.45
144,720, 368.98
121,586, 072.51
112,498, 726.54
116,805, 936.48
118,823, 391.22
124,296,
130,881, 871.98
142, 606,513.92
145, 686,705.81
153,971, 249.44
161,027, 072. 57
147,111, 623. 93
232.81

Sales of p u b l i c
lands.
$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
167, 617.17
588, 333.29
996, 553.31
665, 031.03
1,163, 575.76
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, 875. 58
3,182, 089. 78
1,673,;'637.30

Direct tax.

$1,795,331.73
1,485,103.61
475,648.96
1,200,573.03
1,974,754.12
4,200,233. 70
1,788,145.85
765,685. 61
229,102.88
580,355. 37
315,254.51
93,798.80

30.85
1,516.89
160,141.69
108,156.60
70, 720.75
108,239.94
32,892.05
1,565.82

O t h e r miscellaneous items.
$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
29,036,314.23
15,037,522.15
17,745,403.59
13,997,338.65
12,942,118.30
22,093,541.21
15,106,051.23
17,161,270.05
32,575,043.32
15,431, 915.31
24,070,602.31
30,437,487.42
15,614,728.09
20,585,697.49
21, 978.525. 01
25,154, 850.98
31,703, 642.52
30,796; 695.02
21,984, 881.89
24,014, 055.06
20, 989,527.86
26.005,
24,674, 814.84
24,297 446.10
24,447 151.44
23,374 419.74
20,251 457.23
18,254; 871.94
17,118,898.34
618.52

Ordinary reT o t a l o r d i n a r y S u r p l u s o n orc
and
d i n a r y r e c e i p t s . P o s t a l r e v e n u e . p o s teailp trse v e n u e .
receipts.

$74,056,699.24
68,965,312.57
46,655, 365.96
52,777,107.92
56,054,599.83
41,476,299.49
51,919,261.09
112,094,945. 51
243,412,971.20
322,031,158.19
519,949,564. 38
462,846,679.92
376,434,453.82
357,188,256.09
395,959,833.87
374,431,104.94
364,694,229.91
322,177,673.78
299,941,090.84
284,020,771.41
290,066,684.70
281,000,642.00
257,446,776. 40
272.322.136.83
333,526,500. 98
360,782,292.57
403,525,250.-28
398,287,581. 95
348,519,869. 92
323,690, 706.38
336,439,727.06
371,403,277.66
379,266.074. 76
387.050.058.84
403,080,982.63
392,612,447.31
354,937,784.24
385,819,628.78
297,722,019.25

$4,871, 046.35
1,533, 177.30
* 26,955, 461.35
* 16,293 868.82
* 7,075, 998.56
* 25. 070, 345.40
* 422,842 557.82
* 602,645, 779.66
* 621,909, 670.77
* 973,806, 166.11
*801, 376.09
116,117; 354.14
6,095, 320.00
35,997, 658.34
102,302, 828.72
91,270, 71L43
94,134, 534.00
36,938, 348.44
* 1,297, 709.37
9,397; 378.57
24,965, 500.11
39,666, 167.14
20,482, 449. 60
5,374, 263. 30
68,678, 863. 62
101,130, •653. 76
145,543, 810. 71
132,879, 444.41
104,393, 625.59
03,463, 771.27
93,956, 588. 56
103,471, 097.69
119,612, 116.09
105,053, 443.24
105,344, 496.03
37,239; 762.57
9,914; 453.66
2,341 674.29
* 69,803, 260.68

$6,920, .821.66
7,353, 951.76
7,486, 792.86
7,968, 484.07
8,518, 067.40
8,349, 296.40
8,299,820.90
11,163, 789.59
12,438, 986.21
14,556, 158.70
14,436, 986.21
15,297, 026.87
16,292, 6OO;80
18,344, 510.72
19,772, 220.65
20,037, 045.42
21,915, 426.37
22,996 741.57
26,471, 071.82
26, 791,360.59
28,644; 197.50
27,531, 585.26
29,277, 516.95
30,041, 982.86
33,315, 479.34
36, 785,397.97
41,876, 410.15
45,508, 692. 61
43,325, 958.81
42,560, 843.83
43,948, 422. 95
48,837, 609.39
52,695, 176. 79
56, 175,611.18
60,882,
65,931 097. 92
70,930, 785.72
75,896, 475.98
75,080, 993.16
479.04

$80,977, 520.90
76,319, 264.33
54,142, 158.82
60,745, 691.99
64,572, 667.23
49,825, 595.89
60.219, 081.99
123,258, 735.10
255,851, 957.41
336,587, 316.89
634,386, 5.50.59
478,143, 7u6.79
392,727, 054.62
375,532, 766.81
415, 732,054.52
394,468, 150.36
.386,609, 656. 28
345,174, 415. 35
326,412, 162.66
810,812, 132.00
318, 710,782.20
308,532, 227.26
286,724 293.35
302,364, 119.69
366,841 980. 32
397,567; 690.54
445,401, 660.43
443,796, 274.56
391,845, 828. 73
366,251, 550.21
380,388, 150.01
420,240, 887.06
431.961. 251.65
443,225.
463,963, 670.02
458.544, 080.55
425,868, 233.03
461,716, 260.22
372,802, 621.94
498.29

O
H
O

w

a
Ul

1895,
1896
1897
1898
1899,
1900
1901
1902
1903
1904
1906
1906
1907
1908
1909




152,168,617.45
160,021,751. 67
176,654,126.65
149,575,062.35
206,128,481.75
233,164,871.16
238,586,455.99
254,444,708.19
284,479,581.81
261,274,664.81
261,798,856.91
300,251,877,77
332,233,362.70
286,113,130.29
300,711,933.95

143,421,672.02
146,762,864.74
146,688,674.29
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
269.666,772.85
251,711,126.70
246.212,643.59

103,347.16
005,523.43
864,581.41
243,129.42
678,246.81
836,882.98
966,119.65
144,122. 78
926,311.22
453,479.72
869,249.80
879,833.66
878,811.13
731, 660.23
700,567.78

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
38,084,749.88
43,852,911.06
40,436.017.99
53,346,713.24
53,504,906.05
48.964,344.52

* Disbursements in excess of receipts.

313,390,075.11
326,976,200.38
347,721, 705.16
405,321,335:20
515,960,620.18
667,240,861.89
587,685,337.53
562,478,233.21
560,396,674.40
539,716,913.86
544,606,758.62
594,717,942.32
663,125,659.92
601,060,723.27
603,589,489.84

* 42,806,223.18
* 25,203,245.70
* 18,052;454.41
* 38,047,247.60
559.67
* 89, 111,
79,527,060.18
77,717,984.38
91,287,376.57
54,307,652.36
7,479,092.55
* 18,753,335.00
46,312,616. 97
111,420,630.88
* 20,041,667.37
* 58,734,954.93

76,983,128.19
82,499,208.40
82,665,462,73
89,012,618.55
95,021, 384.17
102,354; 579.29
111,631 193.39
121,848,047.26
134,224,443.24
143,582,624.34
152,826,585.10
167,932,782. 95
183,585,005.57
191,478,663.41
203,562,383.07

390,373,203.30
409,476,408.78
430,387, 167.89
494,333,953.75
610,982,004.35
669,595,431.18
699,316,530.92
684,326,280.47
694,621, 117.64
683,299,638.20
697.433 343.72
762,660,725.27
846,710 665.49
792,539,386.68
807,151,872.91

Ul

O

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>
o
H

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H

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Ul

cn

T A B L E L . — R E C E I P T S AND D I S B U R S E M E N T S OP T H E U N I T E D STATES,

ETC.—Continued.

RECEIPTS.

Oi
Public debt.

P a n a m a Canal,
p r o c e e d s of
bonds and
premium.

Year.

1856
1867
1858
1859
I860
1861
..
1862. .•
1863..
1864
1865
1866
1867
1868
1869
1870
-.. .
1871
1872
1873
1874.
1875.
1876
1877
1878
1879
1880
1881
1882
1883
1884
1886
1886..-.
1887
1888
1889
1890
1891
1892
1893

--

P r o c e e d s of
Deposits t o r e t i r e
national-bank bonds and other
securities.
notes.

.

. . .

-

«
.




.

$63,571,690.75
2,977,838.00
2,937,580.00

$200.00
3.900.00
23,717,300.00
28,287,500.00
20.776.800.00
41,861,709.74
529,692,460.50
774,583,361.57
1,086,318,197.43
1,472,299,610.23
611,040,031.05
473,024,790.29
538,099,974.00
100,069,071.06
31,569,916.00
•209,384,960.49
173,717,750.00
38,681,450;00
183,235,866.00
133,118,500.00
-132,928,950.00
' 141,134,650.00
198,850,250.00
617,578,010.00
73,065,540.00
678,200.00
225,300.00
304,372,850.00
. 1,404,650.00
58,150.00
39,850.00
40,900.00
48,650.00
24,350.00
21,650.00
13,750.00
15,250.00
22,900 00

P r e m i u m received.

$709,357.72
10,008.00
33,630.90
68,400.00
602,345.44
21,174,101.01
11,683,446.89
38,083,055.68
27, 787,330.35
29,203,629.50
13,755,491.12
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

*

Total public
debt.

$200.00
3,900.00
23,717,300.00
28,996,857.72
20,786,808.00
41,895,340.64
629,760,860.60
775,186,707.01
1,107,492,298.44
1,483,982,957.12
649,123,086.73
500.812.120.64
567.303,603.60
113,824,662.18
46,865,559.76
218,277,800.44
183.130.387.65
50,241.980.89
188,273,531.22
137,097,779.69
136,968,230.68
141,540,426.58
199,167,352.30
619,083,057.63
73,065,650.00
678,200.00
225,300.00
304,372,850.00
1,404,650.00
58,150.00
39,850.00
40,900.00
48, 650.00
24,350.00
21,650.00
63,585,440.75
2,993,088.00
2,960,480.00

T o t a l r e c e i p t s , S u r p l u s or deficit
i n c l u d i n g postal o n a l l r e c e i p t s .
revenue.

$80,977,720.90
76,323,164.33
77,859,468.82
89,742,449.71
85,359,476.23
91,720,936.53
589,979,942.49
898.444.442.11
1,363,344,255.85
1,820,570,274.01
1,183,509,637.32
978,955.827.43
960.030.658.12
489,367,328.99
462,597,614.28
612,745.950.80
569.740.043.93
395,416, 396.24
514,685,693.88
447,909,911.69
455,669,012.78
450,072,653.84
485,891,645.65
921,447,177.32
439,907,630.32
398.245.890.54
445,626,960.43
748,169,124. 56
393,250,478.73
366,309,700.21
380,428,000.01
420,281,787.05
432.009.901.55
443.250,020.02
463,984,730.55
522,129, 673.78
428,861,348.22
464.677.101.94

$871,254.79
*2,103,101.14
*11,317.855.25
*1,999,554.25
*720,540.56
*1,317,904.76
10,821,380.59
*6,447,707.72
96,322,394.61
*94,742,520.78
118,058,120.03
29,996,626.29
*37,050,814.22
9,435,292.16
*7,638,809.25
*24,963,914.08
*16,571,348.65
*14,479,076.24
9,157,257.63
*4,655,478.22
*4,204,784.11
29,967,068.67
75,651.808.00
144,575,084.77
•141,485,744.21
14,637,023.93
*20,736 144.84
*1,178,462.56
4,531,941.09
17,479,285.84
49,412,596.20
*24,447,370.46
36,527,710.58
*33 503 357.76
*19,601,877.53
*34,132 371.55
*27,673,266.32
*4-. 445,400.21

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1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1906
1906
1907
1908
1909

.

.

.

•




.

-

$31,210,817.95
25,367,768. 67
30,731,008.21

16,637,783.50
12,066,172.50
5,965,683.50
15,448,970.00
22,024,970.00
21,973,510.00
17,240,290.00
12,882,868.50
32,735,434.50
24,270,925.00
26,410,205.00
22,557, 927.50
35,132,672.00
30,477,420.00
64,333,136.60
45,624,239.50

50,014,250.00
81,165,050.00
131,168,800.00
3,250. 00
5,950. 00
199,201,210.00
117,770.00
3,700.00
2,370.00
2,050.00
2,600.00
2,750.00
2,050.00
5,100.00
15,436,500. 00

• Disbursements in excess of receipts.

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

1,484,048.00
455,336.00
530,324.00
1,509,234.00

75,285,329.21
104,560,567.12
148,300,729.91
15,452,220.00
22,030,920.00
221,174,720.00
17,358,060.00
12,886,568.50
32,737,804.50
25,757,023.00
26,868,141.00
22,560,677.50
35,665,046.00
31,991,754.00
79,769,636.50
45,624,239. 50

448,087,827.50
494,933,770.42
557,776,138. 69
445,839,387.89
516,364,873.75
832,156.724.35
686,953,491.18
712,203,099.42
717,064,084.97
720,378,140.64
710,167,679.20
719,994,021.22
798,315,771.27
909,913,237.44
897,676,791.85
883,507,120.62

*5,703,914.32
46,192,425.01
104,580,230.86
*25,071,091.91
*61,948,849.60
100,791,521.35
23,038,214.12
21,215 743 65
33,672,596.43
26,266 651 54
•66,634,546.21
*26,574,076.13
35,211,862.93
91,372.090 65
•26 890 097 74
•118,795,919.63

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T A B L E L . — R E C E I P T S AND DISBURSEMENTS OF T H E UNITED STATES, ETC.—Continued.

00

DISBURSEMENTS.
Civil a n d miscellaneous.

Year.

1856.
1857.
1858.
1859.
1860.
1861.
1862.
1863.
1864.
1866.
1866.
1867.
1868,
1869.
1870,
1871.
1872,
1873.
1874,
1876.
1876,
1877,
1878.
1879,
1880,
1881
1882,
1883,
1884,
1886.
1886,
1887,
1888,
1889,
1890.
1891.
1892.
.1893.




E x c l u s i v e of
p o s t a l deficiency.
829,846.07
247.649.97
460,436. 57
200,295.14
780,424.96
202.776.02
476,894.73
007,651.41
605,599.46
047,658.01
066,961. 54
610,223.72
009.867.67
932.594.68
474,961.56
781,916.23
416,007.42
562,635.06
927,548.90
508,486.68
082,120.68
193,493.59
436,245.28
968,031.00
642,529.76
520,686.05
219.750.98
603.519.03
920,433.70
952,647.80
973,277.83
763,578. 54
896,223. 67
795.144.53
528,219.58
306,395.41
790.498.90
786,004.08

P o s t a l deficiency.

Total civil a n d
miscellaneous.

$2,294,368.00 $32,124, 214.07
2,916,883.00 28.164, 532.97
3,969,173.00 26,429, 609.57
3,500,000.00 23,700, 295.14
27,976, 434.22
8,196,009.26
23,267, 010.46
4,064,234.44
21,408, 491.16
2,932,596.43
23,256, 965.39
249,313.98
27,505, 599.46
43,047, 658.01
41,056 961.54
1,500,000.00 61, n o : 223.72
53,009, 867.67
66,474, 061.63
2,541,466.85
53, 237, 461.66
2,762,500.00
60,481 916.23
3,700,000.00
60,984, 757.42
3,568,750.00
4,765.475. 00 73,328, 110.06
85,141, 593.61
4,214,044.71
71,070, 702.98
6,562,216.30
73,599, 661.04
4,517,540.36
68,926, 532.53
5,733,038.94
63,177, 703.57
5,741,458.29
65,741, 555.49
4,773,524.49
64, 713, 529.76
3,071,000.00
64,416, 324.71
3,895,638.66
57,219, 750.98
68,678, 022.21
74,503.18
70; 920, 433.70
87,494, 258.38
4,541, 610.58
74,166, 929.85
8,193, 652.02
85,264, 825.69
6,501, 247.05
72,952, 260. 80
3,056, 037.13
80,664, 064.26
3,868, 919.73
81,403, 256. 49
6,875, 036.91
772.08 110,048, 167.49'
4,741,
4,051, 489.71
99,841, 988.61
5,946, 795.19 103,732, 799.27

War Department.

Navy Department..

$16. 948,196. 89 $14,091 781.06
19, 261,774.16
12,747, 976.83
25, 485,383. 60 13,984, 551.09
23, 243,822. 38 14,642 989.73
16, 409,767.10
11,514, 964.96
22, 981,150.44
12,420, 887.89
42,668, 277.09
394, 368,407.36
63,221, 963.64
599, 298,600.83
85,725, 994.67
690, 791.842.97
1,031, 323,360. 79 122,612, 945.29
43,324, 118.52
284, 449,701.81
31,034, Oil. 04
95. 224,415.63
123; 246,648. 62 25,775, 502.72
20,000, 757.97
78, 501,990.61
57, 655, 675.40 21,780, 229.87
19,431, 027.21
35, 799,991.82
21,249, 809.99
35, 372,157.20
23,526, 256.79
46, 323,138.31
30,932, 587.42
42, 313,927.22
21,497, 626.27
41, 120.645.98
18,963, 309.82
38, 070,888.64
14,969, 935.36
37, 082,735.90
17,365, 301.37
32, 154,147.85
15,125. 126.84
40, 425,660.73
13,536, 984.74
38, 116,916.22
16,686, 671.66
40, 466,460.55
15,032, 046.26
43, 570,494.19
15,283, 437.17
48, 911,382.93
429,603. 36 17,292, 601.44
. 39,
670,578. 47 16,021, 079.67
42,
13,907, 887.74
34, 324,152.74
15,141, 126.80
38, 561,02'5.85
16, 926, 437.65
38,'622,436.11
21,378, 809.31
435,270.85
44,
22,006, 206.24
44, 582,838.08
26,113, 896.46
720,065.01
• 48,
29,174, 138.98
46, 895,456.30
30,136, 084.43
641,773.47
49,

Indians.

$2,769, 429.55
4,267, 543.07
4,926, 738.91
3,625, 027.24
2,949, 191.34
2,841, 358.28
2,273, 223.45
3,154, 357.11
2,629, 858.77
5,116, 837.08
3,247, 064.56
4,642, 531.77
4,100, 682.32
7,042, 923.06
3,407, 938.15
7,426, 997.44
7,061, 728.82
7,951, 704.88
6, 692, 462.09
8,384, 656.82
5,966, 558.17
5,277, 007.22
4,629, 280.28
5,206, 109.08
5,945, 457.09
6,514, 161.09
9,736, 747.40
7,362, 590.34
6,475, 999.29
6,552,
6,099, 494.63
6,194, 158.17
522. 69
6,249, 307. 87
6,892,
6,708, 207.78
8,527, 046.67
11,150, 469.01
13,345, 677.67
347.27

Pensions.

$1,298, 208.95
1,312, 043.01
1,217, 488.47
1,220, 378.29
1,102, 926.16
1,036, 064.06
853, 095.40
1,078, 991.59
4,983, 924.41
16,338, 811.13
15,605, 352.,35
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, 426.86
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
106,936, 855.07
124,415, 951.40
134.583, 052.79
159,357, 557.87

Interest on t h e Total ordinary
disbursements.
public debt.

$1,953, 822.37
1.678, 265.23
1,567, 065.67
2, ' " 463.96
3,177,314. 62
4,000, 173.76
13,190, 324.45
24,729;846.61
53,685, 421.69
77,397,712.00
133.067,741.69
143,781,591.91
140,424,045.71
130,694,242.80
129,235,498.00
125,576,565.93
117,357,839.72
104,750,688.44
107,119,815.21
103,093,544.57
100,243,271.23
97,124,511.58
102,500,874.65
105,327,949.00
95,757,575.11
82,508,741.18
71,077,206.79
59,160,131.25
54,678,378.48
51,386,256.47
50,580,145.97
47,741,577.25
44,715,007.47
41,001,484.29
36,099,284.05
37,547,135.37
23,378,116.23
27,264,392.18

$69,185, 662.89
67,432, 136.27
73,610, 827.31
69,070, 976.74
63,130, 698.39
66,-546,644.89
474,761, 818.91
714,740, 725.17
865,322, 641.97
1,295,837, 324.30
620,750, 940.47
346,729, 325.78
370,339, 133.82
321,190, 597.75
293,657, 005.15
283,160, 393.51
; 270,559,696.91
285,239,326.34
301,238, 800.21
274,623. 392.84
265,101, 084.69
241,334, 474.86
236,964, 326.80
266,947, 883.53
264,847, 637.36
259,651, 638.81
257,981, 439.67
265,408, 137.54
244,126,244.33
260,226, 935.11
242,483, 138.50
267,932, 179.97
259,653, 958.67
281,996, 615.60
297,736, 486.60
355,372; 684.74
345,023, 330.58
383,477,954.49

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1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909




93,693,884.07
82,263 188.42
77,916,234.62
79,252,061.69
86,016,464.75
110,979.685. 82
^ 98,542,
411.37
117,327,240.89
111,067,171.39
122,165,385.54
130,099,672.06
127,968,471.82
130,221,17-7.07
145,416,530.32
162,532,367.63
167,001,087.10

8,250,000.00
11,016,541.72
9,300,000.00
11,149,206.13
10,504,040.42
8.211,570.08
7,230,778.79
4,954,762.21
2,402,152.52
2,768,919.20
6,502,530.86
15,065,257.00
12,673,294.39
7,629,382.81
12,888,040.94
19,501,062.37

101,943,884.07
93,279,730.14
87,216,234.62
90,401,267.82
96,520,505.17
119,191,255.90
105,773.19016
122,282,003.10
113.469,323.91
124,934,304.74
136,602,202.92
143,033.728.82
142,894,471.46
153,045,913.13
175,420,408.57
186,502,149.47

54,567 929.86
61.804,759.13
50,830,920.89
48,950. 267.89
91,992, 000.29
229,841,254.47
134,774,767.78
144,615.697.20
112,272,216.08
118,619,520.15
115,035.410.58
122,175,074.24
117,946 692.37
122,576,465.49
137,746,523.95
161,067,462.39

31,701 293.79
28,797,795.73
27,147,732.38
34,561,546.29
58,823,984 80
63,942,104.25
55.953,077.72
60,506,978.47
67,803,128.24
82,618,034.18
102,956,101.55
117,550,308.18
110,474,264.40
97,128, 469.36
118,037,097.15
115,546, 011.09

10,293,481.52
9,939,754.21
12,165,528.28
13,016,802.46
10,994,667.70
12,805,711.14
10,175,106.76
10,896,073.35
10,049,584. 86
12,935,168.08
10,438,350. 09
14,236 073.71
12,746,859.08
15,163,608.41
14,579,755.75
15,694,618.11

141,177.284.96
141,395, 228.87
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
139,309,514.31
153,892,467.01
161,710,367.25

27,841,406.64
30,978,030.21
35,385,028. 93
37,791,110.48
37,585,056.23
39.896 925.02
40,160,333.27
32^,342, 979.04
29,108; 044.82
28,556 348.82
24,646,489.81
24,590, 944.10
24,308; 576.27
24,481 158.34
21,426,138.21
21, " ^ 836.46

367,525,279.83
356,195,298.29
352,179,446.08
365,774,159.67
443,368, 582.80
605,072,179.85
487,713,791.71
509,967,3-53.15
471,190,857.64
606,089;022.04
532,237,821.31
563,360,093.62
549.405,425.35
551,705, 129.04
621,102,390.64
662,324,444.77

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TABLE L . — R E C E I P T S AND DISBURSEMENTS OF T H E UNITED STATES, ETC.—Continued.

o

DISBURSEMENTS.
Public debt.
P o s t a l service,
e x c l u s i v e of
postal
deficiency.

Year. .

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




...

--.-

Ordinary
disbursements
a n d postal
service.

$6,920,821.66
$76,106,474.55
7,353.951.76
74,786,087.03
81,097,620.17
7,486,792.86
7,968,484.07
77,039,460.81
8,518,067.40
71,648,665.79
8,349,296.40
74,895,941. 29
8,299,820.90
483,061,639.81
11,163.789.59
725,904,514. 76
12,438,253.78 .
877,760,895.75
14,556,158.70 1,310,393,483.00
14,436,986.21
535,187,926.68
15,297,026.87
362,026,352.65
16,292,600.80
386,631,734. 62
18,344,510.72
339,535,108.47
19,772,220.65
313,429,225.80
20,037,045.42
303.197.438.93
21, 915,426.37
292,475,122. 28
22, 996,741. 57
308,236,066. 91
26,471,071.82
327,709,872. 03
26,791,360. 59
301,414,753.43
28,644,197.50
293,745,282.09
27,531,585.26
268,866,060.12
29,277,616. 95
266,241,843.75
30,041,982.86
296,989,866. 39
33,315,479.34
298,163,116.70
36,-785,397. 97
296,437,036.78
41,876,410.15
299,857,849.72
45,508,692.61
310,916,830.15
43, 325, 958.81
287,452,203.14
42; 560, 843.83
302.787.778.94
43,948,422. 95
286,431,561.45
48,837,609. 39
316,769,789.36
52,695,176. 79
312,349,135.46
338,172,226.78
'56,175,611.18
368,618,584. 52
60,882,097. 92
421,304,470.46
65,931,785.72
415,963,806.56
70, 930,475.98
459,374,947.65
75,896,993.16

P a n a m a Canal.
National-bank
notes retired.

°

R e d e m p t i o n of
bonds a n d other
securities.

$3,614,618.66
3,276,606.05
7,505,250.82
14,702,543.15
14,431,350.00
18,142, 900. 00
96,096,922. 09
178,987,635.07
390,260,965.49
603,201,4n. 68
530.205.114.10
576.120.500.11
603,448,586. 68
138,712, 248.31
140,810,642.13
325,495, 631. 21
285,878, 003.54
96,553, 485. 58
176,423,490.77
• 151,150,636.48
166,128,514.80
151,239,525.05
143,997, 993. 90
479,882,226.16
280,434,937.41
86,110, 581.05
166,505,255.55
438,430,756.96
101,266,334.50
46,042,635.43
44,583,843.36
127,959,368.15
74,862,213.05
121,288,788.35
104,663,799. 50
101,003,056.37
$23,553,298. 50
24,348,086.98
16,232,721.00
709,903.00
9,037,651.50

P r e m i u m paid.

$385,372.90
363,572.39
574,443.08

1,717,900.11
58,476.51
10,813,349.38
7,001,15L04
1,674,680.05
15,996,555.60
9,016,794.74
6,958,266. 76
5,105,919.99
1,395,073.55

2,795,320.42
1.061,248.78

8,270,842.46
17,292,362.65
20,304,224.06
10,401,220.00

Total public
debt.

$3,999,991.56
3,640,178.44
8,079,693.90
14,702,543.15
14,431,350.00
18,142,900.00
96,096, 922.09
178,987,635.07
390,260,965.49
604,919, 311. 79
530,263, 590. 61
586,933,849.49
610,449,737.72
140,386,928.36
156,807,197.73
334,512,425.95
292,836,270. 30
101,659,405.57
177,818, 564.32
151,150,636.48
166,128,514.80
151,239,525.05
143,997,993.90
479,882,226.16
283,230,257.83
87,171,829.83
166.505.255.55
438,430,756.96
101,266,334.50
46,042,635. 43
44,'583,843.36
127,959,368.15
83,133,055.51
138,581,151.00
124.968.023.56
134,957,574.87
40,580,807.98
9,747,554.50

Total
disbursements,
i n c l u d i n g postal
service.

$80,106,466.11
78,426,265.47
89,177,314.07
91,742,003.96
86,080,015.79
93,038,841.29
579,158,561. 90
904,892,149.83
1,268,021,86L 24
1,915,312,794.79
1,065,4.51,517.29
948,960,202.14
997,081,472.34
479,922,036. 83
470,236,423.53
637.709.864.88
585,311,392.58
409,895,472. 48
• 505,528,436.35
62,565,389.91
459.873.796.89
420,105,585.1.7
410,239,837.65
776,872,092.55
581,393,374.53
383, 608,866.61
466,363,105.27
749,347,587.11
388,718,537.64
348,830,414.37
331,0.1.5,404.81
444,729 157.51
395,482,190.97
476,753,377.78
483 586 608 08
556,262,045.33
456,534,614. 64
469,122,602.15

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1894
1896
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909

75,080,479.04
76,983,128.19
82,499,208.40'
82,665,462.73
89,012,618.55
95,021,384.17
102,354,579.29
111,631,193.39
121,848,047.26
134,224,443. 24
143,582,624.34
152,826,585.10
167,932,782.95
183,585,005.57
191,478,663.41
203,562,383.07

605, 758.87
178, 426.48
434, 678; 654.48
448,439, 622.30
532, 381, 201.35
700,093, 564.02
590,068;371.00
621,598, 546. 54
593,038;904. 90
640; 313, 465.28
675, 820,445.65
716, 186, 678.72
717; 338; 208.30
735,290; 134.61
812. 581,054.05
827.84

$9,985.00
50,164,500.00
3,918,819.83
19.379,373.71
27,198,618.71
38,093,929.04
31.419,442.41

10,929 535.76
13,068,369.00
11,223,150.00
11,092,355.50
15,990,460-00
16,649,275.50
17,909,793.00
18,626,437.50
20,085,274.50
26,272,086.00
30,936,971.00
25,857, 368.00
24,724;135-00
26,454,254.50
39,535,156.50
89,562,083.00

256,447.20
494,649.93
294,103.36
378,502.00
942,062.00
622,363.48
790,058.25
112,798.78
223,918.00
608,833.00
622,730.75
605,230.80
244,711.80
373,043.00
356,750. 00
434,687.00

33.147.054.81
14,649,572.95
14,043,391.14
10.907.119.82
1,257,578.01
1,417,479.53
225,095.97

11,186,982.95
15,562,918.93
18,517,253.35
22,470,857.50
45,932,522.00
31,271,638.98
73,846,906.06
69,388,809.23
90,352,583.64
53,788,038.82
50,817,279.76
26,462,598.80
26,386,326.33
56,052 393.47
73,891,906.50
104,996,770.00

453,791,741.82
448,741,345.41
453,195,907.83
470,910,479.80
578,313, 723.35
731,365,203. Ou
663,915,277.06
987,355.77
391,488.54
694, 111, 489.10
776; 802,225.41
746, 568,097.35
763, 103,908.34
818,541,146.79
924, 566,889.59'
1,002,303,040.25

Ul
Q

NOTE.—The receipts for the years 1904 to 1909, inclusive, are stated on basis of Treasurer's cash; prior years on basis of warrants issued.
The disbursements for postal deficiencies are grants by law from the Treasury, and differ from the fiscal year expenditures thereof shown by reports of the Auditor for
the Post-Office Department.
Issues of certificates and notes not affecting the cash in general fund are excluded from the public debt figures in this statement.




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122

REPORT OK T H E f l K A N C E g .

TABLE M.—STATEMENT OF THE
STATES FROM 1860
TO 1909,
CAPITA.

Year.

186.0...
1861...
1862...
1863...
1864...
1866...
1866...
1867...
1868...
1869...
1870...
1871...
1872...
1873...
1874...
1875...
1876...
1877...
1878...
1879...
1880...
1881...
1882...
1883...
1884...
1885...
1886...
1887...
1888...
1889...
1890...
1891...
1892...
1893...
1894...
1895...
1896..-.
1897...
1898...
1899...
1900...
1901...
1902...
1903...
1904..:
1905...
1906...
1907...
1908...
1909...

COIN AND P A P E R CIRCULATION OF THE UNITED
INCLUSIVE, WITH AMOUNT OP CIRCULATION PER

Coin,bullion,
Coin, includ- United States
and paper
Circulation.
ing bullion in notes and
money in
Total money.
Treasury.
bank notes.
Treasury, as
assets.
$236, 000,000
260, 000,000
26, 000,000

25, 000,000
25, 000,000
25, 000,000
26, 000,000
25, 000,000
25, 000,000
25, 000,000
• 26, 000,000
25, 000,000
25, 000,000
26, 000,000
25, 000,000
25, 000,000
62, 418,734
65, 837,506
102, 047,907
357, 268,178
494, 363,884
647, 868,682
703, 974,839
769, 740,048
801, 068,939
872, 175,823
903, 027,304
1,007, 513,901
1,092, 391,690
1,100, 612,434
1,152, 471,638
1,112, 956,637
1,131, 142,260
1,066, 223,357
1,098, 958,741
1,114, 899,106
1,097, 610,190
1,213, 780,289
1,397, 785,969
1,508, 643,738
1,607, 352,213
1,734, 861,774
1,829. 913,651
1,905, 116,321
1,994 610,024
2,031, 296,042
2,154, 797,216
2,159, 103,301
2,328, 767,087
2.365, 612,264

$207, 102,477
202, 005,767
333, 4-52,079
649, 867,283
680, 688,067
745, 129,755
729, 327,254
703; 200,612
691, 553,578
690, 351,180
697, 868,461
716, 812,174
737, 721.665
749, 445,610
781, 024,781
773, 273,609
738, 264,550
697, 216,341
687, 743,069
676, 372,713
• 691,
186,443
701, 723,691
705, 423,050
702, 754,297
686, 180,899
665, 257,727
658, 380,470
625, 898,804
599, 049,337
558, 059,979
532, 651,791
564, 837,407
621, 076,937
672, 585,115
706, 120,220
704, 460,451
702, 364,843
692, 216,330
675, 788,473
681, 550,167
732, 348,460
748, 206,203
733, 353,107
779, 594.666
808, 894,111
851, 813,822
915, 179,376
956, 457,706
1,049, 996,933
1,040,816,090

$442, 102,477
452, 005,767
358, 452,079
674, 867.283
705, 588,067
770, 129,755
754, 327,254
728, 200,612
716, 553,578
715, 351,180
722, 868,461
741, 812,174
762, 721,566
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, 433,650
1,561, 407,774
1,633, 412,705
1,691, 441,027
1,6.58, 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, 976,691
3,116, 561,007
3,378, 764.020
3,406, 328,354

$6,695,225
3,600,000
23,754,335
79,473,245
35,946,589
55,426,760
80,839,010
66,208,543
36,449,917
50,898,289
47,655,667
25,923,169
24,412,016
22,563,801
29,941,750
44,171,562
63,073,896
40,738,964
60,658,342
215.009.098
212.168.099
235,364,254
235,107,470
242.188,649
243,323,869
244,864,935
308,707,249
315,873,562
319,270,157
278,310,764
255,872,159
180,353,337
150,872,010
142,107,227
144,270,253
217,391,084
293,540,067
265.787.100
235,714,547
286,022,024
284,649,675
307,760,015
313,876,107
317,018,818
284,-361,275
295,227,211
333,329,963
342,604,552
340,748,532
300,087,697

,407,262
$435,
448, 405,767
334; 697,744
595; 394,038
669; 641,478
714, 702,995
673; 488,244
66I; 992,069
680,
,103,661
664 452,891
675, 212,794
715, 889,005
738, 309,549
751; 881,809
776, 083,031
754, 101,947
727, 609,388
722, 314,883
729, 132,634
818, 631,793
973, 382,228
1,114, 238,119
1,174; 290,419
1,230, 305,696
1.243, 925,969
1,292, 668,615
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, 307,902
2,249, 390,551
2,367, 692,169
2,519, 142,860
2, 587,882,653
2,736, 646,628
2,772, 956,455
3,038, 015,488
3,106, 240,657

Population.

31,443,321
32,064,000
32;704,000
33,365,000
34,046,000
34,748,000
35,469,000
36,211,000
36,973,000
37,756,000
38,558,371
39,555,000
40,596,000
41,677,000
42,796,000
43,951,000
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
63,947,000
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
86,074,000
87,496,000
88,926,000

Circulation
per
capita.
$13.85
13.98
10.23
17.84
19.67
20.57
18.99
18.28
18.39
17.60
17.51
18.10
18.19.
18.04
18.13
17.16
16.12
15.58
15.32
16.75
19.41
21.71
22.37
22.91
22.65
23.02
21.82
22.46
22.88
22.52
22. 82
23.42
24.56
24.03
24.52
23.20
21.41
22.87
25.15
25.58
26.94
27.98
28.43
29.42
30.77
31.08
32.32
32.22
34.72
34.93

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 1875, 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 redemption of outstanding certificates an exact equivalent in amount of the appropriate kinds of money is held in the Treasury, and is not included in the account of money held as
assets of the Government.
NOTE 6.—This table represents the circulation of the United States as shown by the revised statements of the Treasury Department for June 30 of each of the years specified.
NOTE 7.—The Director of the Mint recently made a revised estimate of the stock of gold coin, and,
as a consequence of such revision, the estimated stock of gold in the United States and of gold coin
in circulation has been reduced $135,000,000 in the figures for 1907.
NOTE 8.—The details of the foregoing table, showing the amount of each kind of money in circulation each year since 1860, are omitted; but they may be had upon application to the Secretary of the
Treasury, Division of Loans and Currency, where a circular covering information on the subject has
been prepa.red for distribution.




123

SECRETAEY OF T H E TEEAfiURY.

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, 1908, TO OCTOBER 31,
1909.

Title of loan.

Five-twenties of 1864 (act June 30,1864)
Five-twenties of 1865, consols of 1865 (act
Mar. 3,1865)
Five-twenties of 1865, consols of 1867 (act
Mar. 3,1865)
Funded loan of 1881, 5 per cent (acts July
14,1870, and Jan. 20,1871)
Gold certificates, series of 1888 (act July 12,
1882)
Loan of 1904, 5 per cent (act Jan. 14, 1875) —
Gold certificates, series 1900(act Mar. 14,1900).
Consols of 1930, 2 per cent (act Mar. 14,1900)..
Loan of 1908-1918,3 per cent (act June 13,1898).
Funded loan of 1907, 4 per cent (acts July 14,
1870, and Jan. 20, 1871).....
Refunding certificates, 4 per cent (act Feb. 26,
1879)
Loan of 1925, 4 per cent (act Jan. 14,1875)
Panama Canal loan, 2 per cent (acts June 28,
1902, and Dec. 21,1905), series of 1916-1936....
Panama Canal loan, 2 per cent (acts June 28,
1902, and Dec. 21,1905), series of 1918-1938 ..
Certificates of indebtedness, 3 per cent (act

Received for Received for
transfer and redemption.
exchange.

$50

$50

40,000
63,300
99,870,000

40,000
53,300
221,760,000
130,098,300
33,253,280

4,050

$65,049,150
16,626,640

991,300

490
17,522,200

17,522,200

490
35,044,400

17,947,740

17,947,740

35,895,480

28,442,720

58,442,720

86,885,440

297,478,450

559,630,590

13,936,500

147,256,450

Total.

$121,890,000
65,049,150
16,626,640

991,300

1,668,000

June 13, 1898)

Total transactions.

Issued.

114,895,690

15,604,500

TABLE 0.—STATEMENT SHOWING THE 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 C O S T 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, 1909.

Collection districts.

Alabama
'. . . Arkansas
First California
Fourth California...
Colorado
Connecticut
Florida
Georgia
Hawaii
Firstlllinois
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




A g g r e g a t e receipts.a

$156,308.35
89,361.27
6,281,328.61
641,553.99
767,495.81
1,801,401.99
1,074,734.87
279,218.43
79;107.99
7,940,058.25
28,671,699.22
6,345,702.97
484,310.67
10,053,789. 43
15,171,027.38
427,116. 75
540,476.87
342,199. 67
2,896,662. 61
15,767,327.86
3,541,992.83
3,456,039.09
2,468,397.95
5,141,321.06
6,960,142.39
3,631,070.39
• 5,481,499.02
799,815.31
1,878,914.19
8,012,723.95
1,686,368.96
.
675,629.84
2,440,462.29
474,530.00
402,371.60
6,687,065.87
96,753.13

Expenses.

$33,847.27
26,770.18
167,903.28
44,093.41
34,767.40
42,614.30
26,074.06
42,486.86
12,876.82
95,612.86
171,985.66
74,722.43
17,921.81
94,901.66
103,433.31
19,846.49
20,098.4S
22,140.08
98,154.51
330,040.99
93,044.66
157,280.64
129,404.65
54,306.70
161,414.74
• 84,928.45
44,832.25
17,984.53
44,069.48
68,908.21
58,049.25
24,623.83
50,424.65
• 20,264.03
.18,414.70
42,159. 70
13,852.60

Average
n u m b e r Cost t o
of p e r - c o l l e c t
sons em$1.
ployed.
18
11
40
14
17
22
17
21
. 6
39
21
22
10
23
22
12
16
12
21
31
17
18
23
17
37
30
21
13
25
27
18
13
21
13
8
25
6

$0.217
.300
.027
.069
.045
.024
.024
.152
.163
.012
.006
.012
..037
.009
.007
.046
.037
.065
.034
.021
.026
.046
.052
.011
.023
.023
.008
.022
.023
.009
.034
.036
.021
.043
.046
.006
.143

124

REPORT ON T H E FINANCES.

TABLE 0.—STATEMENT SHOWING THE AGGREGATE RECEIPTS, ETC.—Continued.

Collection districts.

First New York
Second NewYork
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
Tennessee
Third Texas
Fourth Texas
Second Virginia
Sixth Virginia
Washington
West Virginia
First Wisconsin
Second Wisconsin
Total.

Aggregate receipts, a

Expenses.

513.801.72
162,804.52
269,628.91
647,017.80
937.853.89
106,242.53
411,548.37
739,124.67
175,701.29
199.451.90
603,190.78
002.695.73
101,843.03
668,415.44
903,851. 96
924,985.01
961,782.58
095,447.12
101,264.15
385,400.26
626,178.85
179,900.36
811,320.44
832,825.44
072,004.75
417,070 20
915,153.80
000,332.96

59.918.22
86,587.01
65,022.43
55,064.83
40.655.23
47,317.90
56,044.78
74,039.15
15,782.56
164,566.52
43,690.59
30,467.76
45,702.30
22,409.49
113,046.25
74.633.91
38,589.54
180,663.34
29,076.49
110,253.49
22,811.71
19,079.68
53,301.33
76,341.79
37,711.00
41.745.37
68,932.27
27.022.92

246,212,719.22

4, 264,732. 74

Average
number
of persons employed.

Cost to
collect
$1.
.008
.021
.008
.012
.021
.022
.023
.027
.090
.012
.027
.030
.022
.039
.016
.026
.020
.020
.287
.046
.036
.106
.014
.092
.035
.029
.010
.027

1.392

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, clerks, and employees, 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
$4,264,732.74
Expenses not included in above
709,049.63
Total expenses for fiscal year ended June 30,1909
6 4,973,782.37
Cost to collect $1
. 02
6 This amount differs with the amount stated as disbursements by warrants in Table H of this
report, for the reason that only the expenses incurred and paid from the appropriations pertaining
to fiscal year 1909 are shown herein.




TABLE P.—STATEMENT OF CUSTOMS BUSINESS FOR

THE

FISCAL Y E A R

Vessels e n t e r e d Vessels c l e a r e d
Districts a n d ports.
Foreign.

Coastwise.

Foreign.

ENDED J U N E

30,

1909.

V a l u e of e x p o r t s .

DocuEntries ments
of m e r - i s s u e d
Coast- c h a n d i s e . t o veswise.

Duties a n d
tonnage tax.

Aggregate
receipts.
Foreign.

Domestic.

Average
num- Cost t o
Expenses. berof c o l l e c t
$1.
persons
employed.

Alaska (Juneau j , 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
Arizona (Nogales). Ariz
Aroostook ( H o u l t o n ) , Me
Atlanta, Ga
Baltimore, Md
Bangor, Me
B a r n s t a b l e , Mass
Bath. Me
;
Beaufort, N . C
B e a u f o r t , S.C
Belfast, M e
Boston a n d Charlestown (Boston),
Mass
Brazos d e Santiago (Brownsville),
Tex
•
Bridgeport, Conn
B r i d g e t o n , N. J
B r i s t o l a n d W a r r e n , R. I
Brunswick, Ga
Buffalo C r e e k (Buffalo), N . Y
Burlington, Iowa
Burlington, N . J
C a i r o , 111
Cape Vincent, N . Y
Castine. Me
Champlain (Plattsburg), N. Y
C h a r l e s t o n . S. C
Chattanooga, Tenn
Cherrystone (Cape Charles City),
Va
C h i c a g o , 111
Cincinnati, Ohio
Columbus, Ohio
Corpufl C h r i s t i , T e x




297

403

216

423

1,079
847

"457"

594
2
11
74

1,478
20
2

i"
8
1,416

1,255

586
3
7
74

3,758
1,658
204
15,282
22,678
24
116
64

54
1,167

1,214
54
352
144
60
70
116

79,921

1,828
1

487

1,030

. 2,127
991
13
30,128

404
2.571

120
473

2
361
2,667

1.268
7
1,539
110

514

1,246
8
1,394
51

525
1
1,443
77

1,610
91
32.175
288
65

143

5,911

202

5,856

36,373
3,895
504
2,051

4
69
•565

175
294
220
94
• 67
78

349
354
37
65
411
41
10
25
45
271
427
70
32
386
228
96
17

89,500
262,183

$59,493.84
17,366.20
2,890.09
. 1,224.90
. 956.09
3,805.81
41,(342.25
23,097.15
5,007.35
298,510. 68
25,079.90
3, 748.36
6,662.92
1,550.85
3,375.31
3,039.92

29
12
4
2
2
4
32
:.6
3
206
20
8
6
2
4
6

3.09
956.34
155,984.21
61,211.08
46,298.75
3,789,683.04
411,348.87
601.08
26,432.37

$84,418.05
257,768.82
330. 00
10.00
3.09
1,237.17
157.939.57
64,594.56
46,437.27
3,897,350.51
414,856.68
761. 34
26,896.64

340.14
2,023.15

831.92
2,275.64

27,150,007.19

27,395,345. 44

818,827

75,338.731

866,852.65

722'

.032

8,076.32
2.59,927.30

10,328.46
260,660.84

11,208
533

82,362

1,563.95
8,347.89
1,293,896.75
55.56
12.95

726,723

18,726.75
452.85
520,258. 67
101,554.56
9,211.65

20,588.40
501.43
623,568.69
103,024.36
9,342.21

31
8
7
2
5
54
2
2
3
13
6
44
:.2
3

4.081
.045

1,538.31
7,126.02
1,286,824.31
4.32

42,146.64
11,731.63
2,123.35
448.95
5,909.15
70,885.09
455.08
362.75
434.55
16,265.42
4,538. 55
54,940.:-4
14,739.09
1,278.27

9,166,632.47
873,074.49
126,808.86
113.904.65

8 0 00
9,271.198.07
875,516.66
126,987.60
117,392.28

1,426.25
276,375.22
39,320.64
8,679.35
41,986.94

3
194
27
4

$75,093.34
257,500.86

$11,410

$949,691

13,266
2,303

255,980
9,117,116
50

75,365
128,560

77,475,293
913,427
1,007

14,698,712
26,531,081

129,668
105
11,396,407
4,044,237

892,361

3,882,407

17,426

9,047,094

32 1

$0.705
.067
8.758
122.490
309.414
3.076
.262
.358
.108
.077
.060
4.923
.246
' " 4 . " 057
L336

""".'287
.708
.056
8.191
28.012
""'."74i
9.061
.105
.143
.137
17.828
.030
.045
.068
.358

TABLE P.—STATEMENT OF CUSTOMS BUSINESS FOR T H E FISCAL Y E A R ENDED J U N E 30, 1909—Continued.

C5
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.
Foreign.

C o u n c i l Bluffs, I o w a
Cuvahoga (Cleveland), Ohio
Dayton, Ohio
Delaw^are ( W i l m i n g t o n ) , Del
D e n v e r , Colo
Des M o i n e s , I o w a
Detroit, M i c h . . .
Dubuque, Iowa
Duluth, Minn . . .
Dunkirk, N. Y
....
E a s t e r n (Crisfield), M d
E d g a r t o w n , Mass
Erie. P a
.Evansville, I n d
F a l l R i v e r , Mass
Fernandina, Fla .
F r e n c h m a n s Bay (Ellsworth), MeG a l e n a , 111
Galveston. T e x
Genesee (Rochester), N. Y
G e o r g e t o w n , D. C
G e o r g e t o w n , S. C
G l o u c e s t e r , Mass
Grand Rapids, Mich
G r e a t E g g H a r b o r ( S o m e r s Point),"
Hartford, Conn.
H a w a i i -..'
Houston, T e x .
H u m b o l d t ( E u r e k a ) , Cal
Huron (Port Huron), Mich
Indianapolis, Ind
K a n s a s City, M o
K e n n e b u n k , Me
K e y West, F l a
Knoxville, T e n n .
L a Crosse, Wis
Lincoln, Nebr




1,561

Coastwise.

5,089

Foreign.

DocuEntries ments
of m e r - issued
Coast- c h a n d i s e . t o veswise.
sels.

1,857

4,900
26

19

12

3

2,655

3,183

2,429

3,320

293
1

2,638
55

240
1

2,686
60

33
203

538

202

33
563

22
55
39

589
52
5

18
92
30

498
. 4

394^
850
9
2
75

441
183

293
193

55

545
849
1
3
64

5
117

248
274

4
124

248
.270

10
1,362

275
1,830

24
1,342

65
1,861

"""iis"

2
495 " " i 4 5 '

........

"""'lis"
54

2
478 " * " ' i 6 9 '

58
3,839 """434"
717
138 '"'"ise"
1,499
281
27,412 ""'"287"
17
114
531
431
24
24
215
18
109
185
102
169
13486
22
43
32
201
13
60
2,485
17
1,868
53
2,616
50
560
427
888
1,146
3,805
120
2
13.019
'907
2,955
3
3,278
. 15
29
224

214
128
25
26
17
146
38'
8
106

26"

Duties and
tonnage tax.

Aggregate
receipts.

Expenses.
Foreign.

241. 50
21,575.66
98.418.53
41,427.68
6,214.80
2,332.48

$9,712.64
1,645,888. 95
136,604.78
12,784.04
231,818.01
, 57,644. 21
2,174,287. 27
21,196. 65
28,216.16
2,568.36
95.00
759.18
^ 21,686.20
98,461. 00
41,571. 69
6,928.20
2,638.54

431,410.26
444,581.40
162,209.85
20.40
19,965.81
97,304.20

455,883.93
445,914. 35
164,48L70
46. 24
22,104.14
97,331. 69

85,175.52
1,386,756.27
51,171.81
1,699.43
433,231.99
185,537.49
516,128. 05
259.88
507.102.93
6,329. 67

167.90
86,311.23
1,396,379. 91
51,181.81
1,884.50
439,769. 95
186,234.59
621.952.88
259.88
628,299.43
6,356.03
43.61
10,689.00

$9,706.64
1,642,367.64
136,584.88
12,485.16
231,684.66
57,599.04
2,131,968.94
21,11L75
24,999.04
2,532.48

i6,66i.66

Domestic.

$59

$8,953,581

224
318
83,781

33,819,713
4,660,097

266,736
4,905,081
1,656
21,489

189,442,846
1,158,681
21,403
7,583

6,122

79,030

20,111

894,228
19,812,570

1,392

,

621,655

Average
numCost t o .
berof
collect
persons • $ 1 .
employed.

$370.00
41,348.96
5,792.54
8.901.82
13,210.00
3.242.89
96,417.65
369.40
15,342.97
1,252.97
3.286.83
2,746.52
6.710.90
6, 581.50
4,348.62
2,000.05
3,863. 58
405.02
93,730.54
24, Q66.75
20,335.38
265.00
19,909.04
7,308.68

2
30
3
9
6
2
73
2
13
2
2
4
4
3
3
3
5
2
66
18
11
2
15
3

$0.038
.025
.042
.696
.057
.056
.044
.017
.544
.488
34.598
3.618
.263
.057
.105
.289
1.464

4,221.95
11,458.71
95,846.69
2,773.65
2,997.22
61,889.27
11,132.00
31,401.35
267.25
45,641.89
660.12
386.35
2,308.44

6
6
65
3
4
55
6
21
2
37
2
2
3

25.146
.133
.069
.064
L590
.141
.060
.060
1.028
.086
.123
8.859
.216

.206
.054
.124
5.731
.901
.075

I-ittle Egg Harbor (Tuckerton),
N»J
-Los Angeles, Cal
Louisville, Ky
Machias, M e . . :
^Marblehead, Mass
Memphis, Tenn
Memphremagog (Newport), V t . . .
Miami (Toledo), Ohio
Michigan (Grand Haven), Mich..
Milwaukee, Wis
Minnesota (St. Paul), M i n n . . . . . .
Mobile, Ala
Montana and Idaho (Great Falls),
Mont
Nantucket, Mass
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 a n d Portsmouth (Norfolk), Va
North a n d South Dakota (Pembina), N.Dak,.
Omaha, Nebr
Oregon (Astoria), Oreg
Oswegatchie (Ogdensburg), N. Y.
Oswego, N . Y
Paducah, Ky
Pamlico (Newbern), N. C
Paso del Norte (El Paso), Tex
, Passamaquoddy (Eastport), M e . .
' 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 (Portl a n d ) , Me




35

346
222
111
55
186
652

1,197
7,642
12,905
168

346
225
101
67
188
647

1,239
7,696
12,829
145

2,290
1,369
29
28
437
21,777
821
116
4,018
9,213
704
2,531
195
1,427
139

36
7
1,047
5
104
4,290
825
106

1,634

830

118

270
205

109
102

324
236

1,091

107
360
833

1,070

4
238

344

4,087

1,223,083

'

32.278.94
11.05
645,476
233,997. 36
26,776.65
49.07
122,2.39.76
3,630.16
78.021
6,998,911.50
32,280.30
12,432
302,894.18
202,655,809.66 11,568,793
2,135,647
384,951.46

7,775,187
595,670,688
13,498,047

143,039
27,800

34,765.50
362.90
5,281.13
583.10
13,471.71
6,627.36
600.00
11,133.81
7,105.60
356,967.74
3,773.67
42,032.15
4,522,322.23
67,035.31

21
1
2
2
7
5
2
8
6
272
4
37
233
65

• .164
52. 769
.058
.248
12.227
.091
1.957
.051
.117
.139
.022
.174

.100

109,285.34

3,724

9,681,612

17,437.67

13

.160

112,265. 90
149,113.30
21,389.88
287,509.83
136,931.52

57,704

8,886,224

1,050
108,437

239.697
3,749,176
2,939,427

. 2,888.23
492,336.68
81,684.57

103,818
23,148

5,175,102
969,861

18,094.73
22,696
31,261. 70
23,236.05
170,198.66 '2,'659,'459"
225,89-5.65
18,693,641.89 ""i78,'9i6'
605,875.74
1,271.48

7,586,036
16,317,060

23
4
12
30
13
2
6
48
22
3
7
12
3
8
6
472
16
2
?

.275
.070
.749
.115
.127

724.50
482', 848.43
79,934.67

30,832.86
10,447. 61
16,012.19
33,022.69
17; 417.94
549.39
8,336.97
67,866. 52
26,350.10
668.60
11,130.25
16,421.75
3,583.41
11,045.60
9,151.89
576,459:75
26,319.86
1,459.99
12.00
55,479.63

36

1,247
5,173
2,774

84
343
1,101

15
122
171
1,294
2,766
51,461
2,382
6

357

L320

5"

31,782.15
11.05
230,942.35
22,473.29

110,733.19
148.815.28
19,843.60
286.875.16
136,669.79

1,595
319

347,688.97

341,113.56

.115
.074
3.338
.367
.086
.151
.099
.688
.037
.053
.342

103,094.28

410
4,988
830
15
8,218
502

24
350
1,145

8,568
4,911
12,850

8,471,302
1,146,176
90,828
196,359
8,360,992
27,356,864

61

1
26
10
6
3
4
42
7
14
26
41
20

,438.08
42,005.32
18,198.05
4,828.91
2,283. 64
7,908.55
49,747.89
9,121.41
9,572.53
26,653.78
60,173.87
25,851.35

662

1,892

"'39i'

897,260

193,045

121,716.99
1,176.76
6,967,534.79
32,163.50
293,192.07
198,638,516.33
375,148.85

14
1
288
1,022
127
3,297
449

893
1,085

15
7.
45,

366,387.41
245,698.70
1,446.75
6,221.19
91,610.62
329,295.51
92.192.97
13,910 01
711,291.76
1,131,772.34
75,557.20

837
13
15,813
219
1,240
686,612
31,232

16
11
1,061
3
694
3,844
769

27

68
301
431
18
143

361,740.68
244,282.24
905.80
5,998.24
90,996.67
326,917.30
91,040.52
13,672.15
708,477.17
1,125.202.18
67,419.73

58
125
9
102
57
425
80
321
4,973
16

769

315
1,018
1,009
2,468

21
76
109
157
58
185

41
66
41
60
217
280
289
109
62
27
89
6
915

162

14,036.13
27,944.61
23,151.30
165,485.89
224,556.18
18,585,481.11
604,386.97
1,249.38
201,796.86

212,525.42

3,612

7,848
144,903,604

278,178
*84,"i67,'536'

8,247,133

2.887
.138
.-323
.615
.525
.154
.065
.041
.031
.043
L148
.261

TABLE P.—STATEMENT OF CUSTOMS BUSINESS FOR THE FISCAL Y E A R ENDED J U N E 30, 1909—Continued.
00
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.
Foreign.

Porto Rico
Portsmouth, N. H
P r o v i d e n c e , R. I
..
. . .
Puget Sound (Port Townsend),
Wash.
Richmond, Va
'.
R o c k I s l a n d , 111
Sabine (Port Arthur), T e x
Saco, Me
Sag Harbor N Y
6t. Augustine, 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 M o
St. M a r k s ( C e d a r K e y s ) , F l a
St. M a r y s , G a
Salem a n d Beverly (Salem),Mass.
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
Savannah 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 ) ,
Oreg
Springfield, Mass
Stonington Conn
Superior (Marquette), M i c h . . : . . .
Svracuse. N Y
Tampa, Fla
Tappahannock Va
T e c h e fBrashear'^ L a
Vermont (Burlington), Vt
V i c k s b u r f i Miss
Waldoboro, Me
..
Wheeling, W Va
Willamette (Portian'd), Oreg




Coastwise.

323
2
10

344
1
464

2,635

887

131

85

64
31
58
156
877
467
104

119

Foreign.

Documents
Entries
of m e r - i s s u e d
Coast- c h a n d i s e . t o vessels.
wise

347
331
3
17 """292*

6,360
7
1,655

2,736
2

865

16,183
578

192
1
1

23

5

55

49

68
263
585
7,162

26"

12
1
40

30
108 " " 1 3 7 *
1,481
877
440
438
647
191

30
23
1,440
778
558

9
1
1

31

3

2

1

1

7
1,375

6
6,020

6
1,395

4
6,076

229

276
366
65

100

211

86'

62
8

6
120
50
22

44

7ii

98

• 619

24
100
2,113
710
660
34,114
427
96

69
50
77
836
86
• 157
134
3
201
55
168
4
144
7
5
50
83'
16
96
1,228
13&

121
810
^5'
13
2,997
133
476
7,640 " " ' 1 2 8 '
241
74
24
24,368
44
174
62
226
61
2,395

Duties a n d
tonnage tax.

Aggregate
receipts.

Expenses.
Foreign.

$901,903.81
• 164.69
504,520.72

$913,707*. 46
221.65
610,343.03

$48,315

1,379,035.88
180,166.02

135,126

2,665.68
14,781.35
93,785.43
90,462.93
3,928.08
6,528,629.68
80,324.10
7,986.36

1,426,017.19
180,549.43
27.84
16,669.69
15.98
34.44
3,458.77
26,60L77
109,532.21
2,313,163.40
3,808.11
15.25
3,08L05
14,943.05
98,661.58
93,255.76
4,030.03
6,585,494.83
82,509.27
8,030.81

69.81
525,636.82
2,553.96
166,177.31
56,696.71
1,745,566.17

79.81
526,151.34
2,647.62
168,797.87
66,899.92
1,756,057.20

15,416.07
13.48
3,394.64
24,929.94
-109,414.66
2,306,443.66
3,492.92

75.45
556,256.22
820.50
728,837.56

124.33
563,843.20'
50.27
1,083.65
137.87
734,229.86

Domestic.

$3,948,698
16,161
26,653,349
19,962
17,578,899

114

1,460,138

2,740
1,369,840

37,806
5,731
562,136

3,530,607
391,895
558,038
31,107,234
50,900,156
8,154
6,425,107

8,136

4,053,541

1,110,430

5,044,746

4,885

9,707,444

Average
n u m - Cost t o
berof
collect
persons
$1.
employed.

$76,319.47
3,573.44
27,207.18

63
5
16

$0,082
16.122
.063

183,672.12
8,647. 53
659.45
12,359.05
662.67
625.06
1,765.40
7,032.73
7,130.61
67,310.87
1,906-. 70
693.15
6,187. 32
3,131.00
59,936.90
26,118.30
4,538.44
496,781.54
10,123.46
678.61

137
5

.129
.048
23.687
.741
41.469
18.149
.510
.264
.065
.029
.501
45.452
2.008
.210
.607
.280
1.126
.075
.123
.085

1,464. 48
10,180.80
812.79
46,197.21
7,683. 68
49,178.79
669.79
2,916. 35
83,651.35
.550.17
5,972.30
1,215.66
58,192.00

2
6
2
47
4
34
3
3
68
1
6
2
40

I
2
4
2
4
3
51
3
1
6
2
9
334
7
2

18.350
.019
.307
.268
.135
.028
, 23.457
.148
10.944
5.611
8.817
.079

Wilmington N C
Wiscasset, M e
Y a q u i n a Oreg .
York, Me
Total

27
56

66
3
57

34,253

76,072

33,970

31,932.48
396.77

1

90
58
5
5

4.80

75,723 1,278,675

25,780

300,627,878.13

62
16

71
53
55

i"

84
4

7.30

7,618.32
3,165.89
1,034.25
366.31

4
3
2
2

305,701,523. 65

2 4 , 6 5 5 , 5 1 1 1,638,356,593 10,162,526.12

7,570

33,093.43
760.84

20,479,726
338

.227
4.161
50.042

00

I
CD

o

CO

Amount of expenses reported by collectors, as above
Expense not included in above
Total
Cost to collect $1




:

$10,162,526.12
98,547.21
10,261,073.33
.034
Ul

O

tn
H

>
Ul
cl

to
CO




APPENDIX TO THE REPORT ON THE FINANCES.




131




A,]PFENDIX.
REPORTS O F H E A D S O F BUREAUS.
REPOET OF THE TREASURER.
TREASURY OF THE U N I T E D STATES,

Washington, Octoher 21, 1909.
S I R : The transactions of the Treasury of the United States for the
fiscal year ended June 30, 1909, and its condition on that and subsequent dates, are presented in the annexed tables.
ORDINARY R E V E N U E S AND E X P E N D I T U R E S FOR 1908 AND 1909.

The federal activities in response to a popular demand during the
past two years have increased the expenditures without adequate
provision having been made for a corresponding income.
For the fiscal year 1909 the ordinary revenues by warrants, and
adjustments for moneys received but not covered by warrants in the
year, were $603,589,489.84, an increase of $2,528,766.57 over those of
1908, while the ordinary expenditures were $662,324,444.77, a n increase of $41,222,054.13 as compared with 1908; the net result was
a deficit of $58,734,954.93.
The ordinary revenues and expenditures classified for the past two
years are compared in the table following:
ORDINARY R E V E N U E S AND E X P E N D I T U R E S FOR FISCAL Y E A R S 1908 AND 1909. .
Account.

1908.

1909.

Increase.

Decrease.

REVENUES.

Customs
Internal revenue
Lands
Miscellaneous revenue..
Revenues of the District of Columbia

$286,113,130. 29
251,711,126.70
9,731,560 23
46,993,968.56

$300,711,933.95 $14,598,803.66
246,212,643. 59
7,700,567.78
42,204,956.95

6,576,332.75

7,357,750 49

601,126,118. 53

604,187,852.76

15,380,221.40

1,254,381.78

1,159,463. 61
5,673. 50

5,673. 50

AddMoneys received in fiscal year
but not. covered by warrant..
Decrease of unavailable items

599,871,736.75

603,022,715.65

15,374,547.90

1,159,463. 61
29,522.91

566,774.19

601,060,723.27

603,589,489.84

14,850,228.47
24,679,044.03
5,825,010.-87
3,549,373.18
63,312,866.18
9,159,630 58
25,475, 412.78
139,926, 960.79
118,780,233.29
14,579, 755.75
153,892,467.01
21,426,138.21
13,460, 764. 40
12,184,505.10

14,301,469.85
26,480,542. 87
5,553,252.35
3,722,025.49
68,310,974.21
9,139,215.66
24,889,395.32
163,344,213.02
116,315,524.20
15,694,618.11
161,710,367.25
. 21,803,836.46
16,282,468.23
14,776,54L75

23,417,252.23

621,102,390.64

662,324,444.77

45,113,712.74
"41,222,054.13

20,041,667. 37

$5,498,483.11
2,030,992.45
4,789, Oil. 61

781,417.74

Total .
Deduct—
Moneys covered by warrant in
year subsequent to the deposit thereof
Increase of unavailable items

•

58.734,954.93

Net available

12,318,487.17

94,918.17
12,223,569.00
592,689.42
29,522.91

2,528,766.57

EXPENDITURES.

Commerce and Labor.
Customs
Internalrevenue. . . .
Diplomatic
Treasury proper
Judiciary
Interior civil
War. Department
Navy Department
Indians
Pensions
Interest
Agriculture .
District of Columbia

. .

. . .

Total
Net
Deficit




1,801,498.84
172,652. 31
4,998,108.03

1,114,862.36
7,817,900 24
377,698.25
2,821,703.83
2,592,036.65

548,758. 62
271,758.52
20,414.92
586,017.46
2,464,709.09

3,891,658.61

133

134

R E P O R T ONT T H E

FINANCESo

REVENUES AND E X P E N D I T U R E S , FIRST QUARTERS OF 1909 AND 1910.

For the first quarter of the fiscal years 1909 and 1910 the preliminary figures set forth the following comparison:
First quarter—
Increase.

Account.
1909.

Decrease.

1910.

ORDINARY R E V E N U E S .

Customs
Internal revenue
Miscellaneous

$67,002,777.67
60,374,913.44
14,717,35L73

$85,887,449.16 $18,884,67L49
3,783,274.04
64,158,187.48
10,960,880.41

$3,756,471.32

Total

142,095,042.84

161,006,517.05

22,667,945.53

3,756,471.32

43,655,904.87
• 45,783,917.81
27,769,857.83
5,027,372.61
41,668.799.40
4, ooo; O O 00
O
5,142,847.77

44,540^420.31
49,744,244.48
32,303,074.82
4,563,563.61
42,805,068.16
7,501,659.23
5,298,40L19

884,515.44
3,960,326.67
4,533,216.99
1,136,268.76
3,501,659.23
155,553.42

173,048,700 29

' 186,756,431.^80

14,171,540.51

1,333,283.76

4,615,802.92

171,715,416.53

182,140,628.88

29,620,373.69

21,134, 111. 83

ORDINARY E X P E N D I T U R E S .

Civil and miscellaneous
War
Navy
Indians
Pensions
Postal deficiency
Tnt.PTfist..

Less repajrment of unexpended
balances
Total
Excess of expenditures over receipts.

• T H E PANAMA

463,809.00

463,809.00

CANAL.

The purchase and construction of the Panama Canal is to be paid
from the proceeds of United States bonds issued and sold specially
for the purpose.
The proceeds of sales of bonds and the disbursements on account
of the canal to the close of the fiscal year 1909 are set forth, by
years, in the statement following:
RECEIPTS AND DISBURSEMENTS ON ACCOUNT OP THE PANAMA CANAL.

Fiscal year.

1904
1905
1906
1907
1908

.

...
....

Proceeds of
United States
bonds sold.

Excess of—

Disbursements
for Panama
Canal.

°'
$31,210,817.95
25,367,768.67 ,

$50,174,485.00
.3,918,819.83
19,379,373.71
27,198,618.71
38,093,929.04

Receipts.

Disbursements.

$4,012,199.24

$50,174,485.00
3,918,819.83
19,379,373.71
12,726,160.37

56,578,586.62
30,731,008.21
Total
Net

RECEIPTS

AND

4,012,199.24

86,198,838.91
688,434.20

87,309,594.83

1909

138,765,226.29
31,419,442.41
170,184,668.70

4,012,199.24

86,887,273.11
82,875,073.87

D I S B U R S E M E N T S ON ACCOUNT
DEPARTMENT.

OF

THE

POST-OFFICE

The receipts and expenditures on account of the Post-Office
Department are under the exclusive control of the PostmasterGeneral. A statement of transactions relative thereto at the Treasury offices during the past year will be found on page 172 of this report.



135

TREASURER.

The disbursements for purchase and construction of
the close of the last fiscal year were $82,875,073.87 in
receipts from proceeds of bonds sold. This amount
advanced from the general fund of the Treasury is
from proceeds of bonds when sold.
TRANSACTIONS

IN THE PUBLIC

the canal to
excess of the
liaving been
reimbursable

DEBT.

The receipts on account of the public debt during the last fiscal
year were $840,865,247.71, and the disbursements $827,391,770.
In studying the details of public debt transactions it will be observed
that the greater part of the receipts and disbursements relate to the
issue and redemption of the United States paper currency. For the
fiscal years 1908 and 1909, comparison, by items, is made in the
annexed table :v
RECEIPTS AND DISBURSEMENTS ON ACCOUNT OP THE PUBLIC D E B T FOR 1908 AND

Account.

1908.

1909.

Increase.

1909.

Decrease.

RECEIPTS.

Lawful m o n e y deposited t o retire
n a t i o n a l - b a n k notes
Certificates of i n d e b t e d n e s s
Total
N o t e s a n d certificates issued:
U n i t e d States notes
Gold certificates
Silver certificates
Total
P a n a m a Canal loan: '
Proceeds of b o n d s sold—
Principal
P r e m inm
.
Total
Agerefirate

$64,333,136.50
15,436,500.00

$45,624,239.50

$18,708,897.00
15,436,500.00

79,769,636. 50

45,624,239.50

34,145,397. 00

123,610,000.00
132,940,000.00
378,360,000 00 P 294,710,000 00
302,356,000 00
336,860,000 00

$9,330,000 00

804,326,000 00

764,510,000 00

43,834,000 00

24,631,980.00
735,788.67

30,000,000 00
731,008.21

5,368,020 00

25,367,768.67

30,731,008.21

5,368,020 00

4,780,46

909,463,405.17

840,865,247.71

49,202,020 00

117,800,177.46

33,105,570.00
1,250,000 00
1,180.00
39,535,156. 50

1,246,160 00
14,186,500.00
2,027.00
89,562,083. 00

12,936,500 00
847.00
50,026,926.50

73,891,906.50

104,996,770 00

62,964,273.50

123,610,000.00
1,006,000.00
236,821,000 00
303,783,000 00

132,940,000.00
767,000 00
261,892,000 00
326,796,000 00

25,071,000 00
23,013,000 00

83,650,000 00
34,504,000 00
83,650,000 00

4,780 46

DISBURSEMENTS.

U n i t e d States b o n d s retired
Certificates of indebtedness retired .
F r a c t i o n a l c u r r e n c y retired
N a t i o n a l - b a n k notes retired
Total
N o t e s a n d certificates r e d e e m e d :
U n i t e d States notes
T r e a s u r y notes
Gold certificates
Silver certificates..

31,859,410.00

9,330,000 00

31,859,410.00

239,656.66

Total

665,220,000 00

722,395,000 00

57,414,000 00

239,000.00

Aggregate

739,111,906.50

827,391,770 00

120,378,273.50

32,098,410.00

170,351,498.67

13,473,477.71

E x c e s s of receipts

The certificates issued are offset by an e^ual amount of the respective coins held in^the trust funds for their redemption; the United
States notes issued are offset by an equal amount of worn notes in
kind retired; hence, omitting the issues'and redemptions, of notes
and certificates and the Panama Canal loan from the foregoing state-




136

REPORT ON T H E EINANCES.

ment for 1909 it appears that the actual cash receipts and disbursements on account of the debt proper were:
Receipts
Disbursements

$45, 624, 239. 50
104, 996, 770. 00

Excess of disbursements over receipts

59, 372, 530. 50

The receipts from sale of Panama Canal loan are taken up in the
account of receipts and disbursements for the Panama Canal (see p.
134).
PUBLIC DEBT, 1908 AND 1909, AND F I R S T QUARTER OF 1910.

The total amount of the public debt, including certificates and
Treasury notes (trust funds, offset by an equal amount of cash in the
Treasury), June 30, 1908, was $2,626,806,271.54, and^at the close of
the fiscal year 1909, $2,639,546,241.04, an apparent increase of
$12,739,969.50. The items increased were: Panama Canal loan,
$30,000,000; gold certificates, $32,818,000; and silver certificates,
$10,064,000; while reductions were made in the following accounts:
Certificates of indebtedness, $14,186,500; matured loans, $1,246,160;
national-banl^ notes (redemption fund), $43,940,343.50; fractional
currency, $2,027; and Treasury notes, $767,000.
The public debt at the close of the first quarter of 1910 amounted
to $2,648,602,845.54, an increase of $9,056,604.50 since June 30, the
net result pf the following transactions: Debt bearing no interest
decreased $2,772,395.50, while there was an increase of $11,829,000
in the trust funds.
Comparison of the public debt is made, by items, for the past two
years and a quarter in the table lollowing:
PUBLIC D E B T , 1908 AND 1909, AND F I R S T Q U A R T E R OP 1910.

Rate.

When payable.

P.ct.
Interest-bearing debt:
2 AfterApr. 1,1930..
Consols of 1930
3 After Aug. 1,1908..
Loanof 1908-1918....
4 Feb.1,1925
Loan of 1925
2 Aug. 1,1916
Panama Canal loan..
Certificates of indebtedness
3 After Nov. 20,1908.
Total i n t e r e s t bearing debt
Debt bearing no interest:
Matured loans.
Old demand notes
United States notes.
National-bank notes.
Fractional currency..
Total

Outstanding
June.30, 1909.

$646,250,150.00
63,945,460.00
118,489,900.00
54,631,980 00

$646,250,150 00 $646,250,150.00
63,945,460.00
63,945,460 00
118,489,900. 00 118,489,90O 00
84,631,980.00
84,631,980. 00

14,186,500.00
897,503,990.00

913,317,490 00

913,317,490 00

4,130,015.26
53,282.50
346,681,016.00
72,459,284.50
6,862,814.28

2,883,855.26
• 53,282.50
346,681,016.00
28,518,941.00
6,860,787.28

2,761,285.26
53,282. 50
346,681,016.00
25,870,008.50
6,859,894.28

430,186,412. 54

On demand
do
do
do
do

....

Certificates and notes
issued on deposits of
coin and bullion (trust
funds, act March 14,
1900):
Gold certificates.. ..
Silver certificates
Treasury notes of
1890.

Outstanding
September
30, 1909.

Outstanding
June 30, 1908.

384,997,882.04

382,225, 486.54

•
On demand
do
do

819,783,869.00
474,350,000 00
4,982,000.00

852,601,869.00 864,162,869.00
484,414,000 00 . -484,826,000 00
4,^215,000.00

4,071,000.00

Total

1,299,115,869.00

1,341,230,869.00 1,353,059,869.00

Aggregate

2,626.806,271.54

2,639,546,24L 04 2,648,602,845.54




137

TREASURER.
PURCHASE OF CERTIFICATES OF INDEBTEDNESS.

The Secretary of the Treasury on September 14, 1908, authorized
the purchase of $250,000 of the certificates of indebtedness issued
under the act of June 13, 1898, at par and interest to date of purchase. The total disbursement in the transaction was $256,143.83.
REDEMPTION OF CERTIFICATES OF INDEBTEDNESS.

The Secretary of the Treasury on November 9, 1908, gave notice
as follows:
Owners of the one-year 3 per cent certificates of indebtedness, which were issued
under the act of June 13, 1898, and are lodged with the Treasurer of the United States
as a basis for circulating notes of national banks, are hereby notified that the certificates will mature and cease to bear interest November 20, 1908. Any national bank
desiring to maintain the circulation secured by these certificates must furnish other
United States bonds to be substituted therefor not later than November 20, 1908.
Any national bank desiring to retire its circulation may do so by adopting a resolution
of its board of directors authorizing the redemption of the certificates and the application of so much of the proceeds thereof as may be necessary to the retirement of the
circulation based thereon * ^ * . Owners of the 3 per cent certificates are
advised that the one year's interest due November 20, 1908, will be prepaid, without
rebate, upon receipt at this department of the necessary resolution providing for the
redemption of the certificates.

The certificates outstanding were $13,936,500, and the interest
thereon to maturity, $418,095.
MATURED BONDS NOT PRESENTED FOR REDEMPTION.

Attention is again invited to the United States bonds of matured
loans outstanding and the neglect of the owners in withholding the
same from redemption.
The amount of such bonds and the loans may be observed in the
statement following:
Loan.
Funded loan of 1891
Funded loan of 1891 continued at 2 per cent
Loan of 1904
Funded loan of 1907
Refunding certificates

Matured.
Sept.
Aug.
Feb.
July
July

2,1891
18,1900
2,1904
2,1907
1,1907

Amount. •
$23,750
32,000
18,750
1,760,000
17,630
1,852,130

Total

RESERVE AND TRUST FUNDS.

The redemptions from the reserve fund during the last fiscal year
were, in United States notes, $19,984,536, and in Treasury notes,
$31,405, making a total of $20,015,536. The redeemed notes were
immediately transferred to the general fund in exchange for gold,
and the reserve thereby maintained at the fixed amount.
The aggregate amount of the trust funds at the close of the fiscal
year 1909 was $1,341,230,869, a net increase of $42,115,000 as compared with.that of twelve months earlier. The gold coin increased
$32,818,000, and the standard silver dollars $9,297,000. These
funds are held for the redemption of the certificates and notes out-




138

REPORT ON T H E FINANCES.

standing, for which they are respectively pledged, and in which the
transactions during the year were as follows:
Fiscal year 1909.
Outstanding
J u n e 30, 1909.

Outstanding
J u n e 30,1908.
Issued.

Redeemed.

Gold certificates
Silver certificates
T r e a s u r y notes

$819,783,869
474,350,000
4,982,000

$294,710,000
336,860,000

$261,892,000
326,796,000
767,000

$852,601,869
484,414,000
4,215,000

Total

1,299,115,869

631,570,000

589,455,000

1,341,230,869

The foregoing statement does not include $150,000 in gold certificates, series of 1900, that had been issued but not reported in time
to be taken up in the public-debt statement for June.
The revised figures at the close of the fiscal year were:
RESERVE

FUND.

Gold coin and bullion

$150,000,000
TRUST

FUNDS.

[Held for the redemption of the notes and certificates for which they are respectively pledged.]

Gold coin
Silver dollars
Silver dollars of 1,390

$852, 751, 869
484,414, 000
4,215, 000

TotaL

Gold certificates outstanding
$852,751,869
Silver certificates
outstanding
484, 414, 000
Treasury notes outstanding.....
4,215,000

1, 341, 380, 869
GENERAL FUND—CASH

Total
IN THE

•

1, 341, 380, 869

VAULTS.

[From revised statements for June 30, 1909.]

The total general fund for June 30, 1909, in the form adopted for
daily use, is set forth in the following:
I n Treasury offices:
Gold coin
Gold certificates
Standard silver dollars
Silver certificates
United States notes
Treasury notes of 1890.
National-banknotes

$39, 952, 432. 02
37, 746, 420. 00
7, 659, 819. 00
6, 696, 676. 00
6, 652, 749. 00
11, 585. 00
3,736,064.00
$102, 365, 745. 02

Deduct current liabilities:
National - bank
5 per c e n t
fund
$24,540,250.49
Less notes in
process of redemption . . . 20, 645, 203. 88
" 3, 895, 046. 61
Outstanding
warrants
and
checks
7, 281,472. 25
Balances to credit of disbursing
officers
49, 703, 455. 28
Post-Office Department balances
337,168.71
Miscellaneous items
9,067,940. 96
70, 285, 083. 81
Working balance in Treasury offices



$32,080, 661. 21

TREASUREE.

139

I n national bank depositaries:
To credit of the Treasurer of the
United^ States
$60,427,525. 69
To credit of mints and assay
offices
396,324.04
To credit of disbursing officers.. 10, 838, 951. 55
$71, 662, SOL 28,
I n treasury of the Philippine Islands:
To credit of the Treasurer of the
United States
To credit of United States disbursing officers

957, 628. 34
1, 813, 249. 97
2, 770, 878. 31
74,433, 679. 59

Deduct current liabilities:
Outstanding warrants
1, 432, 027.18
Balances to the credit of disbursing officers
12, 652, 201. 52
14, 084, 228. 70
Balance in banks and in treasury of Philippine Islands
$60, 349,450. 89
I n Treasury offices:
. Silver bullion (at cost)
$4, 242, 393. 06
Subsidiary silver coin
27,076,747.52
Fractional currency
79. 48
Minor coin
2, 607,433. 34
Awaiting reimbursement—United States bonds
and interest paid
't
18, 662. 60
33,945,316.00
Total balance in general fund June 30,1909
Total balance in general fund June 30,1908

:

Net decrease

126,375,428.10
245,171,347. 73
118, 795, 919. 63

The accuracy of the foregoing statement is fully demonstrated by
the following recapitulation, which takes into account every receipt
ahd disbursement that affects the showing:
Available cash balance June 30, 1908
$245,171, 347. 73
Deduct:
Excess of ordinary disbursements over receipts
for 1909 ( s e e p . 133)
$58,734,954.93
Excess of Panama Canal disbursements over
receipts for 1909 (see p . 134)
688, 434. 20
Excess of public debt disbursements over receipts for 1909 (see p: 136)
59, 372, 530. 50
— 118,795,919.63
Available cash balance June 30, 1909

126, 375,428.10

AVAILABLE CASH BALANCE.

The available balance in the Treasury should> at all times be large
enough to enable the Government to continue operations without
embarrassment, especially at times when the influences of trade
depression causes a reduction of the - ordinary income below the
required outgo.
The experience of the past two years, in each of which there has
been a deficit, should be an admonition to conservative action in
authorizing expenditures largely in excess of variable revenues.
The balance in the Treasury at the end of each month from January, 1902, is stated in Table No. 31, page 214 of the appendix; and
for July 1 in each year since 1900 in the annexed statement.



140

REPORT ON T H E FINANCES.

AVAILABLE CASH BALANCE (INCLUDING THE E E S E R V E F U N D ) , FROM THE
STATEMENTS, ON THE D A T E S NAMED.

REVISED

A v a i l a b l e cash balance.
Date.
Reserve fund.

Balance.

$150,000,000 $156,827, 605.37
150,000,000 178,406, 798.13
150,000,000 212,187, 361.16
150,000,000 238,686, 114.23
-150,000,000 172,051, 568. 02
150,000,000 145,477, 491.89
150,000,000 180,689, 354.82
150,000,000 272,061, 445.47
150,000,000 245,171, 347.73
150,000,000 126,375, 428.10

J u l y 1, 1900.
J u l y l , 1901.
J u l y 1, 1902.
J u l y l , 1903,
J u l y 1, 1904,
J u l y 1, 1905
J u l y l , 1906
J u l y l , 1907
J u l y 1, 1908
J u l y l , 1909

Total.
$306,827, 605.37
328,406; 798.13
362,187, 361.16
388,686, 114.23
322,051, 568.02
295,477, 491. 89
330,689 354.82
422,061 445.47
395,171, 347. 73
276,375, 428.10

GOLD IN THE TREASURY.

The gold held in the Treasury at the close of the fiscal year 1909
amounted to $1,042,704,301.02, an increase of $37,815,618.84 as
compared with the holdings of twelve months earlier.
By October 16, 1909, the holdings attained a maximum at
$1,050,284,472.58, an increase of $7,580,171.56 since July 1, 1909.
The total amount of gold in the Treasury on July 1 in each year
from 1900, set apart for the respective uses, is here stated:
GOLD IN THE T R E A S U R Y .

Date.
Julyl, 1900....
J u l y l , 1901
J u l y l , 1902
Julyl, 1903....
J u l y l , 1904
J u l y l , 1905
Julyl, 1906....
J u l y l , 1907
J u l y l , 1908
J u l y l , 1909-.-.
October 16,1909

Reserve.

For certificates in
circulation.

$150,000,000
150,000,000
150,000,000
150,000,000
150,000,000
150,000,000
150,000,000
150,000,000
150,000,000
150,000,000
150,000,000

$200, 733,019
247, 036,359
306, 399,009
377,258,559
465,655,099
485,210,749
516,561,849
600, 072,299
782,976,619
815,005,449
801, 535,189

General fund
(belonging to
Treasury).
844,952.68
811,938.42
801,290.97
162,230.43
183,722.60
381,650.04
489,841.30
619,431.14
912,063.18
698,852.02
749,283.58

Total.

$423; 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
904; 691,730.14
1,004, 888,682.18
1,042, 704,301.02
1,050, 284,472. 58

BONDS HELD AS SECURITY FOR NATIONAL BANKS.

The United States bonds held in trust to secure the circulating
notes of national banks amounted to $660,753,070 at the close of the
fiscal year 1909, an increase of $32,580,940 as compared with that of
1908.
^
'
The withdrawal of public deposits from depositary banks necessarily released a large amount of the obligations held to secure the
public moneys therein. The bonds and securities held to secure
public deposits in national banks amounted to $81,244,071.10 at the
close of the fiscal year 1909 as against $180,509,419.25 on June 30,
1908.




141

TREASURER.

The transactions relative to deposits and withdrawals of bonds
during the fiscal year 1909 are recorded in the table following:
Bonds held for national banks, close of June, 1908 and 1909, and September 30, 1909,
and changes during 1909.
TO SECURE CIRCULATION.
Transactions during
1909.
K i n d of b o n d s .

Rate.

Held June
30, 1908.

Held June
30, 1909.

H e l d Sept.
30, 1909.

$2,711^300 $4,831,000
10,564,560 • 6,553,180
37,012,200 26,604.000
15,932,800
6,037,960
1,644,040
26,152,760
1,838,000 16,024,500

$12,704,550
13.763,820
563.271,400
46; 440,580
24,508,720

$14,738,550
14,145,320
•572.068,750
49; 761,940
25,671,480

94,211,620.

660,689,070

676,386,040

$3,425,750
5,910,900
21,983,950
12,804,800
743,000
421,000
3,366,000
1.2.36.000
1^287; 000
587,000
56.007,965

$4,394,700
5,288,000
34,552,800
5,667,000
1,649,000
594.000
5,670,000
•1,480,000
719,000
190,000
18,099.071

$3,320,700
3,770,400
25,012,700
3,193.000
1,144:000
374;000
4,276,000
820,000
• 487,000
151,000
10,264,000

30,211,115 107,773,365

78,303,571

52,812,800

250,000

250,000

50,000
10,000
10,000

50,000
2,000

Deposited.

U n i t e d States
U n i t e d States
U n i t e d States
U n i t e d States
U n i t e d States
Certificates of

loan of 1925
loan of 1908-1918...
consols of 1930
P a n a m a of 1 9 3 6 . . . .
P a n a m a of 1938
indebtedness

P . ct.
4
3
2
2
2
3

$14,824,250
9,752,440
552,863,200
36,545,740
14,186,500
628,172,130

With- •
drawn.

61,694,680

TO SECURE PUBLIC DEPOSITS.
Bonds held hy Treasurer of United
States.
United States loan of 1925
United States loan of 1908-1918..
United States consols of 1930
United States Panama of 1936...
United States Panama of 1938...
Porto Rico loans
Philippine loans
District of Columbia
Territory of Hawaii
Philippine Railway
State, city, and railroad

P. ct.
4
3
2
2
2
4
4
3.65
(a)
4
(a)

$6,979,950
8,218,200
48,947,650
17,035,800
770,000
8,807,000
2,576,000
2,004,000
622,000
59,905,221
155,865,821

$840,500
2,980,700
7,589,100
1,436,000
2,392,000
245,000
229;000
140,000
2,000
155,000
14,201,815

Bonds held hy Assistant Treasurer
of United States, at New York,
N Y.
United States loan of 1925
United States loan of 1908-1918...
United States consols of 1930
United States Panama of 1936
United States Panama of 1938
District of Columbia
Philippine loans
State, city, and railroad

4
3
2
2
2
3.65
4
(a)

9,000
325,000
475,000
88,000
50,000

767,000
78,000
471,600
90,000
45,000
165,000
21,861,998

3,408,514

526,000
403,000
896,600
168,000
40,000
45,000
165,000
22,650,012

23,478,598

4,355,514

24,893,612

2,620,500

1,801,000

2,940,500

2,103,000"

Bonds held by Assistant Treasureir
of United States, at San Francisco, Cal.
880,000
285,000

United States loan of 1925
United States consols of 1930.

880,000
285,000
1,165,000

1,165,000

Aggregate for deposits..

180,509,419

34,566,629 133,831,977




a Various.

81,244,071

54,915,800

142

REPORT ON T H E FINANCES.
WITHDRAWAL OF BONDS TO SECURE CIRCULATION.

The national banks have utilized but little more than one-fourth
of their option in depositing lawful money in the Treasury during
the last fiscal year for the retirement of national-bank circulation.
The act of March 4, 1907, limited such deposits to $9,000,000'per
month, and until this limit has been reached it must be admitted
there is no restriction on retirements.
During the last fiscal year the largest monthly deposit was
$15,252,850, of which $13,316,500 was proceeds of called bonds.
The total deposits were $30,780,495.
The monthly deposits are recorded in Table No. 64, page 246, of
this report.
NATIONAL

BANKS

DESIGNATED AS DEPOSITARIES
STATES.

OF

THE

UNITED

The Secretary of the Treasury determines the number of such
depositaries, the amount of public money required in each for the
transaction of the public business, fixes the amount of balances
they may hold, and requires the banks thus designated to give
satisfactory security, by the deppsit of United States bonds and
otherwise, for the safe-keeping and prompt payment of the public
money deposited with them, and for the faithful performance of
their duties as financial agents of the Government. The regular
depositaries receive and disburse the public moneys, and are required
to pay interest at the rate of 1 per cent per annum on the average
monthly amount of public deposits held in excess of the sum needed
for the transaction of the public business, while the special depositaries hold only the moneys transferred to them from the Treasury.
They pay interest at the same rate on the average monthly amount
of public deposits held. \
^
The number of national-bank depositaries at the close of the
fiscal years 1908 and 1909 is shown in the statement following:
Regular.
Depositaries June 30, 1908
Depositaries June 30, 1909




Special.

425
440

1,011
974

Total.
1,436
1,414

143

TREASURER.

CLASSIFICATION OP DEPOSITARIES, BY STATES AND SECTIONS, AMOUNT OP PUBLIC
M O N E Y S T H E R E I N , AND AMOUNT OP B O N D S ON D E P O S I T J U N E 30, 1909.
Public deposits i n national b a n k s .
•

Number
of depositaries.

state, Territory, etc.

Maine
New Hampshire
Vermont
Massachusetts
Rhode Island . .
Connecticut

12
19
11
55
5
17

:
. .

.

. . .

Total Western States
Washington
Oregon
California
Idaho
Utah
Nevada
Arizona
Alaska.

.. .
."
. .
.

.

.

Total Pacific S t a t e s . . .
Cuba .
Hawaii
Porto Rico

.

Total Islands




8,222,159.63

16
16
34
11
.4
3
6
2

2,554,183.94
1,588,277.54
1,991,732.16
360,846.55
431,786.06
110,000.00
258,069.50
196,487.54

92

Total Middle Western States..
North Dakota . .
SouthDakota
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma

368,000.00
750,944.28
1,561,560.03
1,006,564.60
881,.626.63
456,420.65
1,600,524.03
391,185.01
1,205,334.40

172

..

20,586,464.00

8
15
32
43
13
12
19
8
22

.

3,478,455.56
2,834,795.63
5,724,675.30
1,546,486.59
1,383,402.12
1,677,346.03
1,480,393.20
2,460,909.57

410

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

13,724,978.07

87
70
62
32
32
29
65
.33

:
.

2,670,871.58
691,161.37
"730,908.56
420,978.08
1,072,448.15
807,374.28
517,553.74
199,968.08
414,562.26
1,771,099.12
141,208.57
3,135,105.91
1,151,738.37

298

'.

15,766,843.61

43
19
21
10
27
15
17
12
12
51
6
47
18

7,491,383.29

2
1
I

' A m o u n t of
b o n d s pledged
to secure p u b lic deposits.

$432,000
540,000
333,000
3,521,000
283,000
596,000

5,075,391.19
933,374.08
4,211,966.43
59,788.29
1,717,594.32
3,768,729,30

319

Total Eastern States..

4,881,763.41

98
22
148
2
38
11

•

P e r cent.

$379,830.25
500,625.90
239,575.75
2,957,493.53
275,841.88
528,396.10

119

Total New England States
NewYork
New Jersey
Pennsylvania
Delaware
Maryland .
District of Columbia

Virginia
West Virginia
North Carolina...
South Carolina
Georgia
Florida
Alabama.
Mississippi
Louisiana.
Texas
Arkansas . .
Kentucky
Tennessee

T o t h e credit of
t h e Treasurer of
the United
States a n d
U n i t e d States
disbursing
oflBcers.

187,255.90
516,112.26
302,461.54

6.8

5,705,000
6,391,925
1,084,700
4,797,000
68,000
1,869,300
4,275,000

22.0

18,485,925
2,795,600
838,200
743,500
441,000
1,264,000
858,000
586,000
200,000
592,700
' 2,106,500
190,000
3,255,200
1,253,600

19.2

15,124,200
3,781,000
3,134,000
6,269,500
1,712,000
1,653,000
1,980,000
1,911,500
2,740,046

28.7

23,181,046
370,000
772,000
1,910,600
1,272,000
1,058,000
464,500
1,878,000
. 435,000
1,197,600

11.6

9,367,500
2,991,000
1,765,000
2,118,000
371,000
446,000
110,000
260,000
200,000

10.4

8,261,000
300,000
529,400
300,000

4

989,209.27

1.4

1,129,400

1,414

71,662,801.28

lOO.O

81,244,071

144

REPORT ON T H E FINANCES.
PUBLIC DEPOSITS IN NATIONAL BANKS.

The transactions relative to public deposits in national banks
from July 1, 1908, to October 31, 1908, may be seen in the annual
report of the Treasurer of the United States for the fiscal year 1908.
The balance in banks to the credit of the general fund on October
31, 1908, was $120,279,145.98. Owing to the large disbursements
made from the Treasury, not equaled by the income, the Secretary
of the Treasury on November 18 issued a call to 839 special depositary banks throughout the country for the return to the Treasury, by
each, on or before November 30, of $5,000 of the public moneys deposited therein. The depositaries responded promptly to the call,
and voluntarily added thereto $669,750, making a totalof $4,864,750
returned. The balance in banks to the credit of the general fund
was reduced to $113,578,810.64 by December 3, and decreased slowly
thereafter till the close of December, when it became $110,148,907.30.
Early in January it became apparent, from the large disbursements
being made, that it would be necessary to recall to the Treasury
additional deposits from banks, ^and accordingly the Secretary of
the Treasury, on January 11, issued a call to the depositary banks
throughout the country for the return to the Treasury of a part of the
public moneys deposited with them, payable as follows:
,Payable on or before January 23, 1909
Payable bn or before February 10, 1909.

$17, 717, 700
6,804,060

, A large number of the depositaries anticipated the payment of
the amounts required, and the balance therein to the credit of the
general fund gradually decreased to $88,523,857.04 by January 31.
The disbursements continued in excess of the receipts, and the
Secretary of the Treasury, on February 4, issued a call to the depositary banks throughout the country for the return to the Treasury
of $28,478,000 of the public moneys deposited with them, payable
on or before February 24. With few exceptions, the banks promptly
returned the amounts required, which reduced the balance therein
to $83,420,449.78 by February 13 and to $59,696,892.90 by the close
of i'ebruary.
The balances in banks to the credit of the general fund were but
slightly changed during the months of March and April. On April
22, 1909, the Secretary of the Treasury deemed it advisable to temporarily increase the public deposits in depositary banks located in the
District of Columbia by $3,000,000, as an offset to the large amount
of taxes collected in the District of Columbia and deposited in the
Treasury during the month of May, accepting as security therefor
bonds acceptable as legal investment under the savings banks laws
of the States of New York, New Jersey, Massachusetts, or Connecticut, at 90 per cent of their market value, but not exceeding 90 per cent
of their par value, the deposits to bear interest at the rate of 1 per
cent per annum under the act of May 30, 1908. The depositaries
agreed to the terms, and accordingly the amount was equitably
allotted and transferred to the banks early in May. Of the amount
so placed, the depositaries were required to return to the Treasury
20 per cent on or before July 15, 20 per cent on or before August 15,
and 10 per cent on or before the 15th of each following month, making
the final deposit on or before February 15, 1910. The department




TREASURER.

"145

reserved the right, however, to demand an earlier return of the
money thus deposited if for any reason it should be deemed advisable.
The balance in banks to the credit of the general fund at the close
of May was $61,388,906.98.
^ The assistant treasurer of the United States at Boston in May advised the department that there was doubt as to the safety of the
vault in his office, in which was stored more than $3,000,000 in silver
dollars, and asked that action be taken to remove the danger to the
building. The Supervising Architect of the Treasury, upon investigation, confirmed the views of the assistant treasurer, and recommended a transfer of a part of the coin to other places of storage.
Thereupon, the Secretary of the Treasury, as a measure of immediate
relief to the situation, deemed it advisable to increase the public
deposits in national banks in the city of Boston by $1,500,000 in
standard silver dollars, accepting as security therefor bonds that are
legal investments for savings banks in the States of New York,
Massachusetts, Connecticut, or New Jersey at 90 per cent of their
market value, but not exceeding 90 per cent of their pay value; and
the deposits to bear interest at the rate of 1 per cent per annum, and
to be returned in kind after due notice.
Two of the depositary banks in Boston agreed to receive the deposit,
one to take $1,000,000 and the other $500,000 upon the foregoing
terms; and the transfer to the banks was made on June 1 and 8, respectively.
At the close of the fiscal year June 30, 1909, the balance in banks
to the credit of the general fund was $60,427,525.69. Tho Secretary
of the Treasury, on June 30, 1909, issued a call on the depositary
banks for the return to the Treasury of $24,954,900. The regular
depositaries were required to pay the amount demanded of them in
equal parts on July 15 and 31, and the special depositaries the whole
of the amount demanded of them on or before July 15.
The balance in banks to the credit of the general fund at the end
of July was $43,555,422.59, and this amount was further reduced by
payments into the Treasury during the month of August, and by the
close of that month it became $38,065,058.79. - There was but little
change therein to the close of the month of October.
UNAVAILABLE FUNDS.

The unavailable funds in the accounts of the Treasurer have not
as yet been made the subject for legislation by Congress. Attention
is again invited to this matter, and in relation thereto the statement
of the case as submitted in the aimual report of the Treasurer of the
United States for the fiscal year 1908 is repeated here:
Attention is again invited to tbe necessity for legislation tbat will clear tbe accounts
kept in tbis office of unavailable funds and relieve tbe Treasurer of tbe United States
from furtber accountability for amounts wbicb bave passed from bis control witbout
fault or negligence on bis part. Tbis subject bas been called to tbe attention of Congress by many of my predecessors and bas received some consideration by committees
in tbe Senate and House of Representatives, but tbe desired legislation bas not been
enacted.
In tbe Forty-fourtb Congress, first session,-tbe Committee on Finance in tbe Senate
submitted a report (No. 371) in wbicb, on page 3, reference is made to tbis question of
unavailable moneys as follows:
*'All money in tbe Treasury, wberever it may be deposited or placed for disbursement or custody, is cbarged to tbe Treasurer of tbe United States. It is obvious, bow13518—FI 1909
10



REPORT ON T H E FINANCES.

146

ever, tbat tbis money may be lost witbout fault on tbe part of tbe Treasurer, by robbery, accident, defalcation of a subordinate officer, misconduct of depositaries baving
it in cbarge, or otberwise. Still, under tbe law, tbe Treasurer is responsible and is
cbarged with tbese sums. Sucb a deficit would, in tbe accounts of a firm, be a simple
plain entry in tbe profit and loss account by crediting casb and debiting tbe defaulter.
But from tbe fact before stated tbat money can not be taken from the Treasury except
by an appropriation, this course could not be pursued. An account called " unavailables" was created, which was charged with the amounts, and the Treasurer credited
in his general account through the statement of an account by tbe accounting officers.
This method of relieving the Treasurer is, your committee are informed, a practice
which has grown up, and is not authorized by law, and for some years past has been
prohibited by the Comptroller, and has been discontinued. It is plain that the
Treasurer should be relieved from this responsibility, and that Congress should in some
proper way provide by law for the dropping of these unavailable funds, by authorizing
a credit to the Treasurer and a corresponding charge against the defaulting officer who
fails to pay the money on demand.''
It is desirable that you should recommend such measures as will provide for the
dropping of these unavailable funds by authorizing a credit to the Treasurer and a
corresponding charge against the defaulting officer who fails to pay the money on
demand.^ There is precedent for such legislation in the act of March 3, 1837. (5 Stat.
L., 178.)
An itemized statement of the unavailable funds will be found in
Table No. 22 on page 188 of this report.
GENERAL STOCK OF MONEY IN THE UNITED STATES.

To the general stock of money i n the country a net addition of
$27,564,334 was made during the last fiscal year. The gold increased
$23,908,507, the silver $12,836,670, while the treasury notes of 1890
decreased $767,000 and the natio.nal-bank notes $8,413,843. United
States notes remained under the law unchanged.
In the first quarter of the fiscal year 1910 the metallic stock was
increased by $5,536,802, of which $4,791,502 was in gold and $745,300
in silver. There was an increase of $12,887,385 in national-bank
notes and a decrease of $144,000 in treasury notes of 1890.
Comparison may be made from the annexed tables:
MONETARY

STOCK.

[This statement represents the monetary stock of the United States, as shown by the revised statements
for June 30, 1908 and 1909.]
In Treasury
and mints.

Kind.

In circulation.

Total stock.

June SO, 1908.
Gold coin and bullion
Silver dollars
Subsidiary silver

Sl,004,888,682
486,949,155
23,177,618

346,681,016
4,982,000
698,333,917

73,988,401

Total certificates

976,008,532

1,049,996,933

1,789,760,164

3,378,764,020

39,947,250
9,071,295

Qold certificates
Silver certificates




• 2,328,767,087

339,396,322
4,963,530
631,648,680

1,589,003,856

Aggregate metallic and notes

Aggregate

813,761,632

7,284,694
18,470
60,685,237

Total notes

$1,618,133,492
563,277,812
147,355,783

1,515,015,456

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

$613,244,810
76,328,657
124,178,165

782,976,619
465,278,705

49,018,545
,

1,248,265,324
3,038,015,488

3,378,764,020.

147

TREASURER.
MONETARY STOCK—Continued.
In Treasury
and mints.

Kind.

In circulation.

Total stock.

June 30,1909.
Gold coin and bullion
Silver dollars
Subsidiary silver

•

$1,042,704,301
492,073,819
27,076,748

$1,642,041,999
564,061,719
159,408,546

1,561,854,868

803,657,396

2,365,512,264

6,562,749
11,585
24,381,268

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

$599,337,698
71,987,900
132,331,798

340,118,267
4,203,415
665,638,806

346,681,016
4,215,000
689,920,074

30,955,602

Total certificates

1,040,816,090

1,813,517,884

3,406,328,354

37,746,420
6,696,676

Gold certificates
Silver certificates

1,009,860,488

1,592,810,470

Tofal notes
Aggregate metallic and notes

815,005,449
477,717,324

44,443,096

• Aggregate

1,292;722,773
3,106,240,657

3,406,328,354

598,443,000
73,578,729
138,448,872

1,646,833,501
564,188,812
. 160,026,753

1,560,578,465

810,470,601

2,371,049,066

4,278,924
7,165
23,641,951

342,402,092
4,063,835
679,165,508

346,681,016
4,071,000
702,807,459

October 1,1909.
Gold coin and bullion
Silver dollars
Subsidiary silver
.

c.

. .

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

:

1,048,390,501
490,610,083
21,577,881

27,928,040

1,025,631,435

1,053,559,475

1,588,506,505

1,836,102,036

3,424,608,541

Gold certificates .
Silver certificates

58,645,710
5,135,169

805,517,159
479,690,831

.

63,780,879

Total notes
Aggregate metallic and notes

Total certificates
Aergregate

1,285,207,990
3,424,608,541

3,121,310,026

R A T I O O F GOLD T O T H E T O T A L S T O C K O F

MONEY.

The volume of gold in the general stock of money in the country
and its ratio thereto on July 1 in each year since 1900 is given in the
annexed table:
R A T I O O P G O L D T O T O T A L S T O C K O F M O N E Y F R O M J U L Y 1,

1900.

[From the revised statements of the Treasury Department.]
Date.
July 1,1900.
July 1,1901.
July 1,1902.
July 1,1903.
July 1,1904.
July 1,1905.
July 1,1906.
J u l y l , 1907.
July 1,1908.
July 1,1909.




Total stock of
money.

Gold.

$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
3,115,728,887
3,378,764,020
3,406,328,364

$1,034, 384,444
1,124! 639,062
1,192;594,689
1,248. 681,528
1,327;656,398
1,357, 655,988
1,475,706,765
1,466,389,101
1,618! 133,492
1,642! 041,999

Per cent.
44.21
45.29
46.52
46.61
47.35
47.09
48.07
47.06
47.89
48.20

148

REPORT ON T H E FINANCES.
MONEY IN CIRCULATION.

The net addition to the money in circulation during the fiscal year
1909 was $68,225,169. The gold coin and certificates increased
$18,121,718, national-bank notes, $33,890,126, silver in its three
forms of silver certificates, silver dollars and subsidiary coin,
$16,251,495, while there was a decrease of $38,170 in United States
notes and Treasury notes of 1890. The circulation per capita
increased from $34.72 July 1, 1908, to $34.93 July 1, 1909. The percentage of gold coin and certificates to total circulation was $45.53.
Comparison by kinds of money in circulation for the years since
1900 are presented in the table following:
M O N E Y IN CIRCULATION AT THE E N D OF EACH FISCAL Y E A R FROM
. Money incirculation.
United
Gold coin
NationalStates notes
and gold cer- and Treasury bank notes.
tificates.
notes.

Silver
certificates,
standard
dollars, and
subsidiary
silver.

$554,875,027 $390,384,139 $225,544,351
222,990,988
693,762,052
408,440,459
237,805,439
421,188,606
712,393,969
300,115,112
392,980,487
811,539, 491
345,110,801
377,569,944
876,827,124
364,094, 498 345,476,516
938,793,298
399,996,709
353,325,215
994,519,298
433,027,836
346, 661,482
1, 111, 472,675
480,028,849
341,692,715
1,136,274,338
548,001,238
343,277,540
1,185,216,924
1,161,769, 670 348,245,590 '589,242,125
344,359,852
631,648,680
.1,396,221,429
665,538,806
1,414,343,147 344,321,682

$469,406,002
512,066,396'
532,683,867
550,515,908
575,800,093
601,026,239
619,850,947
627,980,867
629,886,751
660,150,926
673,699,070
665,785,527
682,037,022

Fiscal year.

1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909

Total.

1897.

Percentage of
Circu- gold coin
lation and certificates
per
capita. to total
circulation.

$1,640,209,619 $22.87
1,837,859,895 25.15
1,904,071,881 25.58
26.94
2,055,150,998
27.98
2,175,307,962
2,249,390,551 28.43
29.42
2,367,692,169
30.77
2,519,142,860
2,587,882,653 31.08
32.32
2,736,646,628
2,772,956,455 32.22
3,038,015,488- 34.72
34.93
3,106,240,657

.33.82
37.74
37.41
39.48
40.30
41.73
42.00
44.12
43.90
43.30
41.90
45.95
45.53

NOTE.—Currency certificates, act of June 8,1872, are included in the amount of United States notes and
Treasury notes during theyears when they were in use.
•

It will be observed that the total advance in the circulation since
July 1, 1902, was $856,850,106, or an annual average of $122,407,158.
CIRCULATION AND POPULATION.

The increase in circulation during the fiscal year 1909 was 0.6 per
cent, while that in population was 1.6 per cent. The annexed statement presents for ten years the money in circulation, the population,
the circulation per capita, the per cent of increase of population, and
the per cent of increase of circulation per capita per year:
INCREASE IN POPULATION AND IN CIRCULATION P E R CAPITA.

Money in
circulation.

Fiscalyear..

1900
1901
1902
1903
1904
1905
1906
1907
1908
1909

.'
•
:.

•

\..... .




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
2,772,956,455
3,038,016,488
3,106,240,657

Population.

76,295,220
77,754,000
79,117,000
80,487,000
81,867,000
83,260,000
84,662,000
86,074,000
87,496,000
88,926,000

Per cent of Per cent of
increase
increase
Circulation of popula- of circulation per
per capita. tion per
capita per
year.
year.
26.94
27.98
28.43
29.42
30.77
31.08
32.32
32.22
34.72
34.93

2.6
L9
L7
L7
1.7
L7
L7
L7
L6
1.6

6.3
3.8
1.5
3.5
4.6
LO
3.9
O0.3
7.8
0.6

TREASURER.

149

CONDITION OF THE UNITED STATES PAPER CURRENCY.

The total amount of paper money in the country at the close of
the fiscal year 1909 was $2,377,981,959, of which the Government
issued directly $1,688,061,885, or 71 per cent, and the national banks
$689,920,074, or 29 per cent.
There are two provisions of existing law which operate to keep the
national-bank notes in good condition, first, that which excludes said
notes from the national bank reserves accelerates the movement of
the notes from the banks where they accumulate to the Treasury for
redemption in lawful money of the United States; second, that which
requires the national banks to bear the expense of transporting their
circulating notes to the Treasury for redemption. The first provision
ractically forces the notes to the Treasury for redemption, the other
ghtens the burden to the owners of the notes by taxing the banks
of issue with the expense of transportation to the Treasury. The
transportation charges on the return of the proceeds are borne by the
owners of the notes.
The paper issues of the Govemment are not favored by legislation
that encourages the return of the worn and unfit notes to the Treasury
for redemption; however, in subtreasury cities such notes majr be exchanged for other currency, but there is no certainty of securing any
desired denominations in return therefor. The demand for small denominations of currency causes the return to the Treasury of large
amounts of paper issues to.be exchanged for small denominations,
and in such cases the owners of the government paper have to pay the
transportation charges both ways. It is in the payment of these
charges under contract rates which gives rise to a burden that does
not bear equally upon the banks and other business interests in the
different sections of the country, as for instance, the contract rates
from Chicago, St. Louis, and Boston to Washington are 20 cents per
$1,000, while such rates from New Orleans, Atlanta, and Richmond
to Washington are 60 cents per $1,000.
From the foregoing it is apparent that there is a necessity for legislation that will equahze the expense of redemption between the different sections of the country, and that will require or encourage the
return of all worn currency to the Treasury when received by bankers,
national banks, and postmasters.

E

UNITED STATES NOTES.

The United States notes issued and redeemed during the last fiscal
year were $132,940,000. There was a noticeable decrease in the $10
notes outstanding, which, however, was offset by an increase in notes
of the denominations of $5, $500, and $1,000. The changes were
necessary in order to supply^ the demand for smaU denominations, and
to provide large denominations to be used by the subtreasury in the
settlement of clearing-house balances at New York.




150

REPORT ON T H E FINANCES.

The amounts issued and redeemed, by denominations, during the
fiscal year 1909 are recorded in the annexed table:
Outstanding
June 30,
1908.

Denomination.

Fiscal year 1909.
Issued.

Redeemed.

Outstanding
June 30,
1909.

Total
Unknown, destroyed^.
Net

. .
.

1,060,000
2,300,000
20,300,000

$1,849,947
1,395,611
87,964,625
173,317; 346
16,833,862
2,610,575
6,925,050
7,360,000
49,414,000

347,681,016
1,000,000

. .

$11,396
12,414
37,871,840
84,440,590
4,657,100
365,200
1,450,400
544,000
3,587,000

132,940,000

132,940,000

347.681,016
1,000,000

346,681,016

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

132,940,000

132,940,000

346,681,016

$1,861,343
1,408,025
75,316,465
203,317,936
17,171,022
2,975,775
7,315,450
5,604,000
32,701,000

$50,620,000
54,440,000
4,320,000

10,000

10,000

TREASURY NOTES OF 1890.

The Treasury notes of 1890, under provisions of law, are disappearing. The total amount issued was $155,931,002, and the amount
outstanding at the close of the last fiscal year had been reduced to
$4,215,000, against which standard silver dollars in equal amount
were held in the trust funds for their redemption when presented.
The amount outstanding by denominations is stated in Table No. 33,
page 217, of this report.
GOLD CERTIFICATES.

The gold certificates are the representatives of gold coin deposited
in the Treasury under provisions of law. The increase in the amount
outstanding during the last fiscal year was $32,818,000. There has
been a rapid growth in the volume of these certificates since 1900, but
it threatens no peril to the stability of the currency.
The transactions in gold certificates during the fiscal year 1909 are
set forth, by denominations, in the subjoined table:

Denomination.

Outstanding
June 30,
1908.

Fiscal year 1909.
Issued.

Redeemed.

Outstanding
June 30,
1909.

Ten dollars
Twenty dollars
Fiftydollars...:
One hundred dollars..
Five hundred dollars.
One thousand dollars.
Five thousand dollars
Ten thousand dollars.

$98,177,160
257,238,104
50,667,755
72,814,850
19,524,500
65,451,500
82,150,000
173,760,000

$39,480,000
45,360,000
6,600,000
14,000,000
1,850,000
15,500,000
23,000,000
148,920,000

$31,261,540
69,893,560
12,396,800
16,806,600
3,690,500
11,758,000
6,505,000
109,580,000

$106,395,620
232,704,544
44,870,955
70,008,250
17,684,000
69,193,500
98,645,000
213,100,000

Total.. -:

819,783,869

29.4, 710,000

261,892,000

852,601,869




151

TREASURER.
SILVER

CERTIFICATES.

The demand for denominations of currency under $10 is met
principally by the issue of silver certificates against silver dollars in
the general fund of the Treasury, or by turning larger denominations
of silyer certificates, as they are redeemed into $1, $2, and $5.
The total amount of silver certificates outstanding at the close of
the fiscal year 1909 was $484,414,000, an increase of $10,064,000
as compared with that of twelve months earlier.
In the following statement may be observed the transactions, by
denominations, during the last fiscal year:
Fiscal year 1909.
Outstanding
June 30,1908.

Denomination.

Outstanding
I June 30,1909.

Issued.
OnedoUar
Two dollars
Five dollars
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars.
Five hundred dollars.
One thousand dollars

Redeemed.

$112,805,795 $127,768,000 $116,432,634 $124,141,161
56,043,742
49,832,000
49,595,506
56,280,236
263,629,282
124,980,000 142,599,070 246,010,212
18,195, 111
25,680,000
10,053,290
33,821,821
14,773,290
3,863,900
10,909,390
8,041,860
8,600,000
4,140,300
12,501,560
787,420
100,800
686,620
30,500
2,500
28,000
43,000
8,000
35,000

Total

474,350,000

CHANGES IN

336,860,000

326,796,000

484,414,000

DENOMINATIONS.

The total amount of United States paper currency of each denomination issued, redeemed, and outstanding at the close of the fiscal
year 1909 is shown in the table following:
Fiscal year 1909.
Denomination.

Outstanding
Jime 30,1908.
Issued.

Redeemed.

Outstanding
June 30,1909.

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.

$115,101,518
57,749,912
340,090,142
321,448,267
290,077,586
61,707,940
81,187,020
25,159,000
98,355,500
82,150,000
173,770,000

$127,768,000
49,832,000
175,500,000
119,600,000
49,680,000
15,200,000
15,060,000
4,150,000
35,800,000
23,000,000
148,920,000

$116,467,587
49,628,478
180,654,915
126,0'^5,640
78,582,080
16,904,600
18,389,700
4,237,000
15,370,000
6,505,000
109,580,000

$126,401,931
57,953,434
334,935,227
314,972,627
261,175,506
60,003,340
77,857,320
25,072,000
118,785,500
98,645,000
213,110,000

Total
Unknown, destroyed.
Net

1,646,796,885
1,000,000

764,510,000

722,395,000

1,688,911,885
1,000,000

1,645,796,885

764,510,000

722,395,000

1,687,911,885




152

REPORT ON THE FINANCES.

P A P E R CURRENCY, BY DENOMINATIONS, OUTSTANDING SEPTEMBER 30, 1909.

The denominations of each kind of paper currency outstanding
may be studied from the monthly statement for September, 1909:
Denomination.

National
United States Treasury
notes of bank notes. Gold certifi- Silver certificates.^
cates.
notes.
1890.

Total.

One dollar
Two dollars
Five dollars
Ten doilars
Twenty dollars
Fiftydollars
One hundred dollars...
Five hundred dollars...
One thousand dollars...
l i v e thousand dollars. •
Ten thousand dollars
Fractional parts

$131,508,090 $134,106,637
$1,847,835 $407,099
$343,613
55,155,732
56,987,228
1,393,388
164,322
273,786
245>942,687
485,345,277
929,975 139,789,175
98,683,440
618,014,767
165,348,766 1,376,580 303,123,580 $117,835,620 30,330,221
691,710 204,730,980 231,211,044
9,949,190
462,543,986
15,961,062
19,750 16,730,100 44,675,555 11,211,460
75,167,440
2,530,575
232,100 37,765,900 70,838,150
116,077,720
6,574,950
666,620
24,453,000
7,182,000
28,000
91,000 17,152,000
34,000 . 117,306,500
140,000
48,149,000
23,000 68,960,500
97,820,000
97,820,000
215,680,000
215,670,000
10,000
45,789
45,789

Total
Unknown, destroyed...

347,681,016 4,071,000
1,000,000

702,807,459

864,162,869

484,826,000

346,681,016

702,807,459

864,162,869

484,826,000 2,402,548,344

Net

4,071,000

2,403,548,344
1,000,000

RATIO OF SMALL DENOMINATIONS TO ALL PAPER CURRENCY.

The ratio of denominations of $10 and less to the total paper currency, by fiscal years since 1900, and on October 1, 1909, is recorded
here:
Denominations of $10 and less.
Date.

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...
July 1,1906....
J u l y l , 1907..-.
J u l y l , 1908....
J u l y l , 1909....
October 1,1909

Total paper
currency.

$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
2,111,659,575
2,345,130,802
2,375 261,959
2,403,548,344

One
dollar.
4.36
4.34
4.63
4.97
4.71
5.06
5.31
5.24
4.92
5.33
5.57

Two
dollars.

Five
dollars.

Ten
dollars.

2.74
2.74
2.77
2.83
2.66
•2.73
2.51
2.69
2.46
2.44
2.37

21.20
20.72
2L34
21.10
20.26
19.83
19.67
19.48
20.79
19.84
20.19

26.72
27.11
27.44
27.87
26.94
27.43
27.43
25.84
26.00
25.77
25.71

Total.
55. 02
54.91
56.18
56.77
54.58
55.06
54.93
53. 26
54.19
53: 40
53.85

I t appears from the foregoing that the outstanding volume of the
smaller denominations is about equal to the demand at the present
time.
COST OF PAPER CURRENCY.

The cost attending the production, issue, and redemption of United
States paper currency may be studied in the last reckoning made, as
shown in the statement following:
Cost of each 1,000 sheets of paper delivered to the Bureau pf 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)
Total average expense of 4,000 notes issued
Total average expeiise of 4,000 notes redeemed
Aggregate average expense of issue and redemption
Average expense of issue and redemption of each note



'.

$5. 95
42. 09
6.00
54. 04
8.80
62. 84
0. 01571

15S

TREASURER.
TOTAL E X P E N S E S OF I S S U E AND REDEMPTION.

1908. .

Issued
Redeemed,
•Total

Cost per
1,000
pieces.

Number of
pieces.

Fiscal year.

189,999,912
172,178,677

$13.51
2.20

Total cost.

$2,553,390.00
378,792.87
2,932,182.87

..:...-.
1909.

Issued.'.
Redeemed

202,746,192
194,507,569

13.61
2.20

2,739,098.16
427,916.72
3,167,014.88

Total

U N I T E D STATES P A P E R CURRENCY OUTSTANDING AND COST OF MAINTENANCE.

/

-

•'

Cost of maintenance.
Fiscal year.

.

Amount outstandtQg.
Amount.
$1,645,796,885
1,687,911,885

1908
1909

$2,932,182.87
3,167,014.88

Per cent.
0.178
.187

AVERAGE LIFE OF PAPER CURRENCY.

Inquiries often reach the department relating to. the average life
of the paper currency. From the latest data available, the average
lifetime of each note, by kinds, may be studied in the statement here:
AVERAGE L I F E OP EACH N O T E AND CERTIFICATE IN Y E A R S .
United
States
notes.

Denominations.

One dollar
Two dollars
Five dollars
Ten dollars
Twenty dollars..
Fifty dollars
One hundred d o l l a r s . . . .
Five hundred dollars
One thousand dollars..-.
Five thousand dbllars
Ten thousand dollars..
All denominations

...

Treasury Gold cercertifinotes.
cates.

3.073
3.195
3.974
3.691
6.948
6.092
6.078
3.721
3.918
. .326
.160

1.720
1.852
2.942
3.677
3.937
3.670
3.690

3.600

2.176

1.905

0.911
3.048
3.390
3.364
3.137
2.782
1.685
1.495
2.560

Silver
certificates.

Nationalbank
notes.

L214
1.383
1.938
3.483
3.920
3.134
2.753
1.878
1.412

4.361
4.464
3.542
- 3.483
3.762
4.261
4.030
5.210
3.342

1.512

3:616

The national bank circulation owes its apparent advantage of
longevity to the circumstance that the original plan of redemption
was found to be practically inefficient. Since tne inauguration of
the present system of redemptions in the office of the Treasurer on
July 1,1874, these notes have been freely retired on becoming unfit
for use with a consequent shortening of their fife, but the records of
the earlier period still affect the calculations based on the whole
history of the issue.




154

REPORT ON T H : E FINANCES.

PAPER CURRENCY PREPARED FOR ISSUE AND AMOUNT ISSUED.

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. The" pieces of currency
actually issued during the last fiscal year numbered 202,746,192, as
against 206,898,000 prepared for issue. The reserve essential to
permit the paper, printing, and seahng to dry and harden so as to
secure the best results in appearance and wear is not yet as large as
economy and prudence suggests. In the coming year it is beheved
this criticism will be no longer justified.
The number of pieces and amount of paper currency prepared for
issue and the amount issued since 1902 is set forth in the subjoined
table:
Paper currency issued.

Prepared for issue.
Fiscal year.

1902
1903
1904
1905
1906
1907
1908
1909

Number of
• notes and
certificates.

Total value. Average
value.

136,721,000 $591,580,000
617,936,000
148,446,000
159,463,000 762,820,000
155,389,000 510,524,000
157,425,000 602,172,000
178,180,000 679,480,000
197,012,000 858,944,000
637,320,000
206,898,009

$4,326
4.162
4.783
3.285
3.825
3.813
4.359
3. 080

Number of
notes and
certificates.

Total value. Average
value.

116,697,874 $466,908,000
141,235,371 551,038,000
152,908,853 650,026,000
169,259,812 637,540,000
172,930,548 629,826,000
173,093,911 698,273,000
188,999,912 804,326,000
202,746,192 764,610,000

$4.000
3.901
4.251
3.766
3.642
4.034
4.255
3.770

The paper currency issued during the fiscal year 1909 was in number
of pieces 13,746,280, or 7.2 per cent greater than in 1908.
In the first quarter of 1910 the number of pieces issued was
58,477,836, an increase of 11,453,432, or 24.3 per cent, over that for
the corresponding period in 1909.
' The issues of United States paper currency, by months, for the
fiscal years 1908 and 1909 and first quarter of 1910 are stated in the
subjoined table:
U N I T E D STATES P A P E R CURRENCY I S S U E D DURING THE FISCAL Y E A R S 1908 AND

1909.
Fiscal year 1908.

Month.

July
August
September
October
November
December
January
February
March
April
May
June
Total
Per cent of increase over
preceding year




Number of
notes and
certificates.

18,814,212
19,049,010
15,992,416
18,482,719
11,453,850
11,931,376
14,590,227
14,167,339
15,434,053
16,928,014
16,155,687
16,001,009

Amount.

Fiscal year 1909.
Average
value of . Number of
notes and notes and
certifi- ' certificates.
cates.

$68,540,
66,788,
56,036!
104,434'
56,688:
49,936!
84,746!
62,590;
62,642,
78,606!
59,490,
63,830;

188,999,912

804,326,000

9.2

15.2
a Decrease.

Amount.

Average
value of
notes and
certificates.

$3. 611
3.506
3.503
6.650
4.949
4.185
5.808
4.417
3.410
4.643
3.682
3.989

16,070,297
16,008,633
15,945,474
19.891,898
16,422,133
17,958.527
14,412,486
15,894,561
17,946,529
17,426,813
17,781,151
17,987,690

$71,634,000
64,198,000
50,964,000
69,804,000
54,988,000
61,418,000
80,920,000
63,486,000
67,802,000
59,646,000
57,948,000
71,902,000

$4. 451
4.277
3.196
3.509
3. 348
3.419
5.614
3.994
3.220
3.416
3.258
3.997

4.255

202,746,192

764,510,000

3.770

7.2

a4.9

155

TBEASITREE.
U N I T E D STATES P A P E R

CURRENCY

I S S U E D DURING THE F I R S T QUARTERS
AND 1910.

.

F i r s t q u a r t e r fiscal year 1909.
Month.

N u m b e r of
notes a n d
certificates.

Amount.

OF 1909

F i r s t q u a r t e r fiscal year 1910.

Average
N u m b e r of
v a l u e of
notes a n d notes a n d
. certificertificates.
cates.

Amount.

Average
value of
notes a n d
certificates.

July
August
September..

16,070,297
15,008,633
15,945,474

$71,534,000
64,198,000
50,964,000

$4. 451
4.277
3.196

18,102,851
20,761,885
19,613,100

$61,310,000
61,478,000
58,328,000

$3.386
2.961
2.973

Total
P e r cent of increase over
first q u a r t e r of 1909

47,024,404

186,696,000

3.970

58,477,836

181,116,000

3.097

24.3

a 2.9

a Decrease.
REDEMPTIONS

OF

PAPER

CURRENCY.

The redemptions follow closely the issues of government paper
currency. During the fiscal year 1909 the number of pieces redeemed
was 194,507,569, an increase of 22,328,992, or 12.9 per cent, over those
of 1908.
In the first quarter of 1910 the number of pieces redeemed was
49,763,706, an increase of 8,175,765, or 19.6 per cent, as compared
with the corresponding period in 1909.
Under present regulations United States paper currency unfit for
circulation, when npt mutilated so that less than three-fifths of the
original proportions remain, is redeemed at full face value of the note;
if less than three-fifths, but clearly more than two-fifths of the original
proportions remain, is redeemed at one-half the face value of the
whole note or certificate. Fragments less than three-fifths are redeemed at face value of the whole note when accompanied by an
affidavit of the owner or other person having knowledge of the facts
that missing portions have been totally destroyed.
Comparison of the redemptions, by months, for the fiscal years
1908 and 1909 and first q.uarter of 1910 may be observed in the annexed table:
U N I T E D STATES P A P E R CURRENCY R E D E E M E D

DURING THE FISCAL Y E A R S 1908 AND

1909.
Fiscal year 1909.

Fiscal year 1908.
Month.

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

Number of
notes and
certificates.

Amount.

Amount.

Average
value of
notes and
certificates.

16,047,805
12,253,600
13,286,636
16,992,373
12,658,540
12,891,843
22,588,692
17,435,663
18,637,303
16,775,146
16,695,389
18,244,679

$62,934,000
41,734,000
46,123,000
60,509,000
43,707,000
63,610,000
84,758,000
64,119,000
74,545,000
58,542,000
57,853,000
63,961,000

$3.921
3.405
3.471
3.560
. 3.452
4.934
• 3.752
3.677
3.999
3.489
3.465
3.505

665,220,000

194,507,669

722,395,000

3.713

14.1

12.9

8.6

,

13,539,001
15,392,003
12,581,709
16,586,963
6,901,139
8,348,311
•14,492,879
15,010,315
16,174,284
16,657,079
16,459,396
20,035,498

$53,660,000
52,941,000
44,453,000
78,976,000
58,014,000
30,487,000
48,327,000
50,500,000
52,763,000
55,064,000
70,476,000
69,569,000

Total
Per cent of increase over
preceding year

172,178,577
6.6




Average
value of
Number of
notes and notes and
certificertificates.
cates.
$3.963
3.439
3.533
4.761
8.406
3.651
3.334
3.364
3.261
3.305
4.281
3.472

156

REPORT ON THE FINANCES.

UNITED

STATES

PAPER

CURRENCY

REDEEMED

DURING

THE

FIRST

QUARTERS

OP

1909 AND 1910..
F i r s t q u a r t e r fiscal year 1909.

Month.

N u m b e r of
notes a n d
certificates.

Amourit.

F i r s t q u a r t e r fiscal year 1910.

Average
N u m b e r of
value of
notes a n d notes a n d
certificertificates.
cates.

Amount.

Average
value of
notes a n d
certificates.

July
August
September

16,047,805
12,253,500
13,286,636

$62,934,000
41,734,000
46,123,000

$3.921
3.405
3.471

16,705,962
16,148,630
16,909,114

$59,329,000
53,591,000
56,367,000

$3.551
3.318
3.333

Total..
Per cent of increase over
first q u a r t e r of 1909

41,587,941

150,791,000

3.625

49,763,706

169,287,000

3.401

19.6

12.2

STANDARD SILVER DOLLARS.

At the close of the last fiscal year the total stock of standard silver
dollars was $564,061,719 (exclusive of $4,215,000 held against outstanding treasury notes).
The amount held in the Treasury was $492,073,819 while there
were in circulation $71,987,900 as against $76,328,657 in 1908.
Silver dollars are in demand in some parts of the country and are
shipped to depositors therefor, but the expense of transportation is
now paid by the consignee. The accumulation of these coins in the
Treasury is not in excess of the amount that can be utilized as a basis
for the issue of silver certificates.
The shipment of silver dollars to depositors therefor, by months,
during the past two years and a quarter is recorded in the subjoined
statement:
MOVEMENT

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

OF STANDARD

SILVER

DOLLARS.

1908.

1909.

1910.

$2,738,346
3,791,269
5,262,743
.'
•

Total




$797,630
1,089,600
1,525,000

$1,182,000
1,747,260
1,967,575

11,792,358
6,213,096
4,671,687
2,642,027
1,327,621
1,284,849
1,740,298
533,200
490,650
771,125

3,412,130
1,490,500
1,157,904
1,248,196
429,060
596,426
927,675
813,115
849,400
940,875

4,896,836

31,466,911

11,865,180

157

TREASURER.
EXCHANGE OF STANDARD SILVER DOLLARS.

The standard silver dollars presented at the treasury offices for
exchange during the fiscal year amounted to $23,488,604, a decrease
of $20,192,163, as compared with the fiscal year 1908.
The exchanges of these coins exceeded the shipments in 1907 by
$104,137, in 1908 by $12,213,856, and in 1909 by $11,623,424.
The amounts presented at the several offices were:
First q u a r t e r -

Fiscal y e a r Office.

1909.

1909.

1908.

1910.

Washington..
Baltimore
New York
Philadelphia..
Boston
Cincinnati....
Chicago
S t . Louis
New Orleans.
S a n Francisco

$2,294,639
1,168,360
5,820,240
3,619,804
1,360,430
5,781,908
10,372,210
6,707,808
4,199,950
2,355,418

$771,113
842,650
3,595,592
2,594,168
755,770
2,971,280
5,956,442
2,718,820
2,053,000
1,229,769

$204,281
133,590
1,140,705
628,817
211,290
899,790
1,697,810
472,090
597,000
287,636

$89,476
173,280
833,628
709,121
191,446
697,086
1,170,742
485,663
412,500
187,948

Total...

43,680,767

23,488,604

6,173,009

4,950,888

SUBSIDIARY SILVER COIN.

The stock of subsidiary silver coin in the country at the close of
the fiscal year 1909 was $159,408,546, an increase of $12,052,763
as compared with that of" 1908.
The treasury holdings were $27,076,747.52, while the amount in
circulation was $132,331,798 as against $124,178,165 in 1908.
These coins are redeemable in the lawful money of the United
States, and when so redeemed they are again distributed either by
shipments to depositors therefor or paid over the counter at treasury
offices in exchange for other kinds of money. The coins accumulate
in the Treasury from January to July, after which there is demand
for them until the end of December.
The amounts shipped to depositors therefor, by^ months, during
the past two years and a quarter are set forth in the statement
following:
. Month.

1908.
$2,379,912.40
2,857,516.70
3,462,29L80

July
August
September
First quarter
October
November
December
January
February
March.
April
May
June '.
Total




:...
.'.

1909.
$1,977,2'68.80
3,172,594.60
4,460,330.40

$2,982,761.45
3,737,759.40
5,810,750.30

8,699,720.90
4,017,353.70
4,877,095.19
3,350,184.50
1,245,583.90
1,130,280.40
1,604,818.00
1,961,684.60
1,969,135.00
2,682,974.80

9,610,193.80
4,774,580.55
3,868,170.40
3,692,593.30
1,463,788.00
1,738,173.20
2,521,244.30
2,664,080.80
2,794,279.20
3,131,464.20

12,631,27LI6

31,438,830.99

36,068,667.75

1910.

158

REPORT ON T H E FINANCES.
REDEMPTION OF SUBSIDIARY SILVER COIN*

The amount of subsidiary silver coin redeemed at the treasury
offices for the fiscal years 1908 and 1909 and the first quarter of
1910 is stated here:
F i r s t quarter—

Fiscal y e a r Office.
1908.

1910.

1909.

1909.

Washington...
Baltimore
NewYork
Philadelphia..
Boston
Cincinnati
Chicago
St. L o u i s
NewOrleans..
S a n Francisco.

$3,514,216
2,964,100
18,126,042
6,235,714
2,450,010
3,301,565
7,113,740
5,218,591
2,737,265
2,949,953

821,085
746,760
550,856
950,945
214,065
888,430
400,673
327,242
845,940
577,684

$667,795
672,210
4,928,476
1,649,690
528,880
744,600
1,440,700
813,731
527,350
539,636

Total....

54,611,196

56,323,680

12,513,067

$532,397
718,420
5,710,588
1,763,867
534,960
084,260
1,323,275
1,030,392
532,430
533,226.
13,363,814

MINOR COIN.

The minor coins are in great favor. An addition of $889,040.25
to the coinage was made during the last fiscal year, of which
$501,951.35 was in bronze cents and $387,088.90 in nickel 5-cent
pieces.
The amount of each denomination of minor coin outstanding at
the close of the fiscal years 1908 and 1909 may be studied in the
statement following:
Fiscal y e a r 1909.
Outstanding
J u n e 30,1908.

Outstanding
J u n e 30, 1909.
Coined.

Copper cents
Copper half cents
Copper-nickel c e n t s .
B r o n z e 1-cent pieces
Bronze 2-cent pieces
Mickel 3-cent p i e c e s .
N i c k e l 5-cent p i e c e s .
Total

$1,182,546.81
39,926.11
1,205,662.15
16,244,270. 49
572,691.08
623,678.39
28,059,496.95

$532,382.95

47,928,170.98

Remelted.
$200.82

579,427.90

677.70
30,431. 60
338.90
578.73
192,339.00

$1,182,344.99
39,926.11
1,204,884.45
16.746.221.84
572,352.18
623,099.66
28.446.585.85

1,111,810.86

224,666.76

48,815,415.08

MOVEMENT OF MINOR COIN.

Minor coins to the amount of $3,784,903.12 were shipped to
depositors therefor in 1909, an increase of $479,192.32 as compared
with that of 1908.




159

TREASURER.

The transactions by offices for the past two years and a quarter
are reported in the statement following:
Fiscal y e a r 1909.

Fiscal y e a r 1908.
Office.

E x p e n s e of
transportation.

Washington
Baltimore;
Boston
Chicago
Cincinnati
N e w Orleans
New York
Philadelphia
St. Louis
S a n Francisco
M i n t , Philadelphia....
M i n t , San F r a n c i s c o .

E x p e n s e of
transportation.

$41,201.30
28,705.00
141,730.00
561,751.80
. 111,992.70
12, 545.00
325,570. 60
187,337. 40
188,426. 50
127,755.00
1,578,695. 50 a

$53,997. 30
40,300.00
161,140. 00
743,124. 00
205,969. 30
91,393.42
682,945.00
318,689.10
332,795.00
113,270.00
1,041,180.00
100.00

$883.76
656.20
2,212. 65
10,197.21
2,625. 60
1,192.19
6,064.80
7,036.54
6,046.65
1,279.94
2,757. 68

3,305,710.80

Total

$661.73
327. 50
1, 416. 40
7, 435.07
1,146.00
165. 25
1.629.10
2,691.86
3,122. 45
1.551.11
37,850.71
57,997.18

3,784,903.12

40,953.21

F i r s t q u a r t e r of 1909.
Office.
Amount.

F i r s t q u a r t e r of 1910.

E x p e n s e of
transportation.

E x p e n s e of
transportation.

$19.151.00
12;450.00
48,300.00
214,515.00
52,570.00
27,190.00
154,880.00
85,675.00
104,850.00
24,955.00
152,721. 65

Total

$341. 57
142.80
483. 60
2,960.17
642.55
366.30
1,217.45
2, 496.84
1,893.75
270.04
233.75

$26,283. 60
14,300.00
62,205.00
241,835.00
66,570.00
24,230.00
269,195.00
96,720.00
118,910.00
52,750.00
647,592.98
440. 00

$474. 29
162.70
623.90
3,414. 55
1,074.55
335.30
2,761.60
5,623.78
2,067.95
571.26
3,500.06

897,257.65

Washington
Baltimore
Boston
•
Chicago
Cincinnati
N e w Orleans
NewYork
Philadelphia
S t . Louis
San Francisco
Mint, Philadelphia...
Mint, San Francisco.

11,048.82

1,621,031.58

20,609.94

a T h e charge against t h e m i n t , P h i l a d e l p h i a , covers t h e e x p e n s e of transfers from t h a t p o i n t to s u p p l y
o t h e r offices.

REDEMPTION OF MINOR COIN.

Minor coins are redeemable in the lawful money of the United
States, and the amount presented for such redemption at each of the
Treasury offices for the fiscal years 1908 and 1909 and the first quarter of 1910 is recorded in the annexed statement:
J Fiscal y e a r -

First q u a r t e r 1910.

1908.
Washington..
Baltimore
Bo'ston
Chicago
Cincinnati
N e w Orleans..
New York
Philadelph ia.
S a n Francisco.
St. Louis

$446,883
918,050
514,145
896,785
487,367
114,284
2,694,044
1,000,530
82,248
446, 468

$492, 406
845,775
588, 490
789,801
491,300
121, 480
3,147,912
1,123,565
87,069
472,603

$122,039
218, 430
135,205
186,789
137,299
13,105
729,562
252,317
25,845

$210,679
215,815
144,660
156,861
113,840
32,050
873,288
313,720
20,570
121,033

Total....

7,600,804

8,160, 401

1,918,879

2,202,516




160

REPORT ON T H E FINANCES.
MONEY FOR MOVING THE CROPS.

The growth in the volume of small denominations of currency
during the past few years, and its wider distribution throughout
the country, has diminished the requests for assistance, which the
Treasury has heretofore rendered, in making transfers of funds from
New York to other subtreasury cities for moving the crops.
Thefollowing tables "give the deposits in NewYork in all months,
when any were made, and the resultant payments in the several
cities from January, 1905, to September, 1909:
Gold coin a n d
certificates.

Transactions.

K05—Receipts:
In January
I n March
I n April
I n May
In June
I n J uly
In August
In September
I n October
In November
I n December

U n i t e d States
• notes.

$1,013,034.00
440,000.00
750,000.00
4,100,000» 00
2,700,000.00
1,040,000.00
4,995,000.00
2,000,000.00
4,255,000.00
7,375,000.00
0,950,000.00

P.
.

Total . .

$65,000.00

35,618,034.00

P a i d b y t h e Treasurer a n d assistant
treasurers of t h e U n i t e d States:
Cincinnati—
I n March.
In September
I n October

Silver dollars
a n d certiiicates.

Total.

'

$1,013,034.00
505,000.00
750 000 00
4,100,000.00
2,700,000.00
1.040 000 00
4,995,000.00
2,000,000.00
4,255,000.00
7,375,000.00
6,950,000.00

65,000.00

35,083 034 00

$59,000.00
19,000.00
40,000.00

16,000.00
37,000.00
10,000.00

355,000 00
100,000.00
300,000.00

574,000.00

Total

. 280,000.00
44,000.00
250,000.00

118,000.00

63,000.00

755,000 00

28,000.00

2,000.00

150,000.00
100,000.00
400,000.00
1,040,000.00
1,495,000.00
700,000 00
2,380,000.00
2,675,000.00
1,450,000.00

N e w Orleans—
I n March
I n May
In June
I n July
In August
In September
I n October
In November
I n December

120,000.00
100,000.00
• 370,000.00
860,000.00
1,495,000.00
350,000.00
1,089,000.00
2,465,000.00
1,450,000.00

Total

8,899,000.00

S a n Francisco—
In January
I n April
I n May
In June. .
In September
In November
I n December

1,013,034.00
750,000.00
4,000,000.00
2,300,000.00
500,000.00
3,400,000.00
4,000,000.00

1,013,034.00
750,000.00
4,000,000.00
' 2,300,000.00
500,000 00
3 400 000 no
4,000,000.00

15,963,034.00

15,963,034.00

. . . .
...

Total

...

Baltimore—
In September
Chicago—
In August
I n October
In Movember...
In December
Total

30,000.00
110,000.00

'"'""76,'666.'66'

170,000.00
382,000.00
190,000.00

180,000.00
309,000.00
20,000.00

910,000.00

581,000.00

10,390,000.00

• 40,000.00

60,000.00

100,000.00

2,800,000.00
900,000.00
500,000.00
1,500,000.00

550,000.00
100,000.00

150,000.00

3 500 000 00
1,000,000.00
500 000 00
1,500,000.00

5,700,000.00

650,000.00

150,000.00

6,500,000.00

S t . Louis—
In September
I n October
In November

220,000.00
266,000.00
470,000.00

200,000.00
174,000.00
. 270,000.00

180,000.00
135,000.00
60,000.00

600,000.00
575 000 00
800,000.00

Total

956,000.00

644,000.00

375,0.00.00

1,975,000.00




161

TKEASUBEB.

Gold coin a n d
certificates.

Transactions.

1906—Receipts:
In January
In February
I n March
I n April
In May
In June
In July
In
' In
In
In

United States
notes.

Silver dollars
a n d certificates.

Total.

$350,000.00

September
October
November
December

.
.

$350 000 00

900,000.00
3,450,000.00
300,000.00
200,000.00
1,050,000.00
3,450,000.00
7,235,000.00
1,890,000.00
4,225,000.00
5,975,000.00

40,000.00
175,000.00

900,000.00
3,450,000.00
300,000.00
200,000.00
1,050,000.00
3,450,000.00
7,335,000.00
1,890,000.00
4,265,000.00
6,150,000.00

315,000.00

29,340,000.00

$100,000.00

29,025,000.00

Total
P a i d b y t h e Treasurer a n d assistant
treasurers of t h e U n i t e d S t a t e s :
Washington—
I n April
Cincinnati—
In January
I n March
I n October

300,000.00

300,000.00

345,000.00
400,000.00
50,000.00

20,000.00

350,000.00
400,000.00
100,000.00

795,000.00

Total
N e w Orleans—
I n April
In May
In June
In July
I n August
In September
I n October
In November
In December

30.000.00
35,000.00

20,000.00

850,000 00

$5,000.00

900,000.00
300,000.00
100,000.00
200,000.00
250,000.00
755,000.00
1,175,000.00
600,000.00
3,015,000.00

50,000.00
40,000.00

Total

7,295,000.00

90,000.00

San F r a n c i s c o I n March
I n April
In June
In July
I n August
In September
I n October
In November
In December

500,000.00
1,750,000.00
100,000.00
850,000.00
2,750,000.00
6,310,000.00
15,000.00
3,075,000.00
3,610,000.00

500,000.00
'1,750,000.00
100,000.00
850,000.00
2,750,000 00
6,310,000.00
15,000 00
3,075,000.00
3,610,000.00

18,960,000.00

18,960,000.00

500,000.00
500,000.00

500,000.00
500,000.00

1,000,000.00

1,000,000.00

".
•..

'..

Total
Chicago—
I n April
I n October
Total

40,000.00
175,000.00

900,000.00
300.000 00
100,000.00
200,000.00
300,000 00
875,000.00
1,175,000.00
640,000.00
3,190,000.00

295,000.00

7,680,000.00

80,000.00

S t . Louis—
In August. In September'

250,000.00
90,000.00

130,000.00
40,000.00

20,000.00
20,000.00

400,000.00
150,000.00

Total

340,000.00

170,000.00

40,000.00

550,000.00

700,000.00
300,000.00
500,000.00
650,000.00
3,675,000.00
1,189,138.50
1,500,000.00
2,525,000.00
1,775,000.00
4,389,000.00
35,160,157.95
17,264,893.54

32,000.00
5,000.00

700,000.00
300,000.00
500,000.00
650,000.00
3,675,000.00
1,189,138.50
1,500,000.00
2,525,000.00
1,775,000.00
4,389,000.00
35,192,157.95
17,269,893.54

69,628,189.99

37,000.00

69,665,189.99

1907—Receipts:
In January
In February
I n March
I n April
In May
In June
In July
I n August
In September
I n October
In November
I n December

.

Total

13518—FI 1909-

-11




162

EEPOET ON T H E FINANCES.

Transactions.

Paid b y t h e Treasurer a n d assistant
treasurers of t h e U n i t e d S t a t e s :
Washington—
I n March
I n October
In November.
I n December
Total

Gold coin a n d
certificates.

Silver dollars
a n d certificates.

U n i t e d States
notes.

Total.

$300,000.00
200,000.00
200,000.00
3,000.00

$300,000.00
200 000 00
200,000. 00
3,000.00

703,000.00

703,000.00

Baltimore—
I n October

100,000.00

100,000.00

Boston—
In November
In December

372,000.00
200,000.00

372 000 00
200,000.00

Total

572,000. 00

572,000. 00

Chicago—
In August
In November
In December

1,100,000.00
14,300,032.30
8,365,900.00

« $20,000. 00

1,100,000.00
14,320,032. 30
8,365,900.00

Total

23,765,932.30

20,000. 00

.23,785,932.30

Cincinnati—
I n November
I n December

195,000.00
95,900.00

Total

290,900.00

i
\

200,000.00
300,000.00
120,000.00
100,000.00
180,000.00
405,000.00
1,255,000.00
475,000.00
1,118,000.00
1,513,500.00

$50,000.00
20,000.00
10,000.00

Total

5,666,500. 00

80,000.00

128,900.00

100,500. 00

N e w Orleans—
In January
In February
I n March
I n April
In July
In August...
In September
I n October
In November
I n December

b 55,000. 00
0 12,500.00 }
b 33,000. 00

391,400.00

b 80,000. 00
10,000. 00
70,000. 00
10,000.00
170,000.00

262,500. 00

200,000.00
300,000.00
200,000.00
150,000.00
200,000.00
425,000.00
1,325,000.00
475,000.00
1,128,000.00
1,513,500.00
5,916,500. 00

Philadelph l a i n November
In December

2,378,000.00
577,000.00

2,378,000.00
577,000.00

Total

2,955,000.00

2,955,000. 00

St. Louis—
In September
I n October
In November
In December

420,000.00
600,000.00
3,266,200.00
2,501,500. 00

20,000.00

0,787,700. 00

20,000.00

Total

•

. .

10,000.00
23,000.00

450,000.00
600.000 00
3,289,200. 00
2,501,500.00

33,000.00

6,840,700. 00

San Francisco—
In January
I n April
I n May
In June
In July
In August
I n October
In November
I n December

500,000.00
500,000.00
3,675,000.00
1,1895138.50
1,300,000.00
1,000,000.00
3,014,000.00
11,659,633.20
3,017,493.54

500,000.00
500,000. 00
3,675,000. 00
1,189,138.50
1,300,000.00
1,000,000.00
3,014,000.00
11,659,633.20
3,017,493.54

Total

25,855,265.24

25,855,265. 24

Mint, Denver—
In November
In December

1,582,792.45
962,600. 00

1,582,792. 45
962,600.00

Total

2,545,392.45

2,545,392.45




a Silver coin.

b National-bank notes.

163

TEEASUEEE.

Gold coin and
0 certificates.

Transactions.

1908—Receipts—
In January..
In February
In April
In May
In June
In August
In September
In October
In November
In December

\

Total

$291,725.87
131,000.00
1,052.92
750,000.00
355,000.00
25,000.00
492,000.00
35,000.00
1,710,000.00
235,000.00

Silver dollars
and certificates.

Total.

$291,725.87
131,000.00
1,052.92
750,000. 00
355,000. 00
25,000. 00
700,000. 00
35,000.00
1,710,000 00
235,000.00

$108,000.00

$100,000.00

108,000.00

100,000.00

4,233,778.79

400,000.00

4,025,778.79

Paid by the Treasurer and assistant
treasurers of the United States:
Washington—
In May
Chicago—
In January
Mint, Denver—
In February
New Orleans—
In January
In February
In May
In June
In August
In Sentember
In October
In November
In December

United States
notes.

200,000.00

600,000.00

30,000.00
100,000.00

....

Total
Philadelph l a in January

30,000.00
100,000.00

5,000.00
31,000.00
150,000.00
355,000.00
25,000.00
542,000.00
35,000.00
260,000.0(5
235,000.00

5,000.00
31,000.00
150,000.00
355,000.00
25,000.00
700,000 00
35,000.00
260,000.00
235,000.00

1,638,000.00

60,000.00

98,000.00

60,000.00

98,000.00

1,796,000.00

5,000.00

,5,000.00

San Francisco—
In January
In April
In November

251,725.87
1,052.92
1,450,000.00

251,725.87
1,052.92
1,450.000.00

Total

1,702,778.79

1,702,778.79

250,000.00
500,000.00
2,700,000.00
3,000,000.00
3,800,000.00

250,000.00
500,000.00
2,700,000.00
3,000,000.00
3,800,000.00

10,250,000.00

10,250,000.00

1909—Receipts—
In April
In May
In June
In August
In September
Total
Paid by the Treasurer and assistant,
treasurers ofthe United States:
Washington—
In J une

450,000.00

450,000.00

San Francisco—
In April
In May
In June
In August
In September

250,000.00
500,000.00
2,250,000.00
3,000,000.00
3,500,000.00

250,000.00
500,000.00
2,250,000.00
3,000,000.00
3,500,000.00

Total

9,500,000.00

9,500,000.00

New Orleans—
In September




165,000.00 /
t

30,000.00
0 20,000.00 }

o >jational-bank notes.

85,000.00

300,000.00

.REPORT ON T H E FIIST AN CES.

164

DEPOSITS OF GOLD BULLION AT THE MINTS AND ASSAY OFFICES.

The movement of the new product of gold bullion, from the mines
and imports, to the Treasury during the last fiscal year, shows a large
decrease as compared with t h a t of the preceding two years.
The amount deposited at each of the mints and assay offices during
the fiscal years 1907, 1908, and 1909 is stated here:
1909.

1907.

Philadelphia
San Francisco
New Orleans
Denver
.
New York
Carson .
Boise
Helena
Charlotte
St. Louis
Deadwood
...
Seattle
Salt Lake City

-.
:

*

Total

:

1908.

$1,809,'596.26
44,138,661.93
874,035.-21
22,569,154.64
77,754,786.19
811,415.95
884,713.11
2,039,329.03
173,945.02
259,517.48
470,150.17
22,860,744.44

$435,929.98
34,087,705.48
757,927.83
14,103,766.91
126,322,084.27
1,706,910.60
851,235.76
1,703,183.32
218,867.66
75,190.28
1,195,032.70
15,769,486.47

$1,440,417.87
37,995,051.18
841,495.61
16,123,322.56
59,206,372.96
2,552,309.07
1,047,774.02
1,848,862.00
109,956.87
95,523.87
1,216,795.57
19,137,06.5.39
509,994.62

174,646,049.43

Office.

197,227,321.26

142,124,941.59

Depositors of gold bullion at the above-named offices are paid
therefor in coin or by checks on assistant treasurers and depositary
banks. During the fiscal year 1.909, $395,000 in gold coin was transferred from San Francisco to Carson, and $2,400,000 to Seattle to be
used in making payments for local deposits of gold bullion.
TRANSFER OF GOLD COIN FROM SAN FRANCISCO.

The accumulation of gold coin in the mint of the United States at
San Francisco in excess of public requirements on the Pacific coast,
and to which attention had been invited in previous reports, was
transferred to the mint at Denver during the last fiscal year. The
amount moved was $272,500,000, at a cost of $1 per $1,000.
SHIPMENTS OF CURRENCY FROM WASHINGTON.

The currency shipped from the Treasury in Washington to the subtreasuries, banks, and others during the fiscal year 1909 amounted to
$571,380,547, as against $631,287,614 durmg the preceding twelve
months. In 1908, the packages sent were 93,919, while in 1909 they
numbered 96,172, an increase of 2,253. The comparison of two years follows:
Fiscal year 1908.
Number of
packages.
Total by express
Total by registered mail
Aggregate




•

Amount.

75,781 $627,628,740
18,138
3,658,874
93,919

631,287,614

Fiscal year 1909.
Number of
packages.

Amount.

77,171
19,001

$569,100,000
2,280,547

• 96,172

571,380,647

165

TREASURER.
RECOINAGE IN THE FISCAL YEAR 1 9 0 9 .

The worn gold, silver, and niinor coins withdrawn and transferred
to the mint for recoinage during the fiscal years 1908 and 1909 are
recorded in the statement following:
1909.

1908.
Denominations.

Quarter eagles
Three dollars
One dollar

Total silver

.

339,425.00
286,703.00
106. 40
345,744.70
1,000.80
146.85

. . . . 1,159,189.10^
...

.

$5,436. 61

2,148,773.50

445,036.00
343,524.75
192.20
369,381.10
947.05
108.00

Minor coins
Aererreeate

$6,404.09

2,680,310.00

Total gold
Half dollars
Quarter dollars
Twenty-cent pieces
Dimes
Half dimes
Three-cent pieces

Loss.

$410,900.00
609,030.00
1,119,425.00
9,312.50
27.00
79.00

$564,880.00
622,600.00
1,485,300.00
7,505.00
6.00
19.00

Eagles

Face value.

Loss.

Face value.

o

973,126.75

76,245.05

193,671.25

64,920.18

224,566. 75
82,649.14

4,033,170.35

70,356. 79

3,346,467.00

REDEMPTIONS AND EXCHANGES.

The„amount of each kind of money received and paid at Treasury
offices on account of redemptions and exchanges during the fiscal
year 1909 may be studied in the statement here:
RECEIPTS.
Kinds of money received by Treasury offices.
Gold coin
and certificates.

United
NationalSilver coin
notes
and certifi- States notes bankminor
and Treas- and
cates.
ury notes.
coin.

$901,390
418,832,459

$1,231,351
409,952,034

$1,105,773
124,767,655

$85,919
$3,324,433
390,579,648 1,344,131,796

419,733,849

411,183,385

125,873,428

390,665,567 1,347,456,229

931,190

1,413,322

1,232,494

Net receipts for which payments were made during year. 418,802,659

409,770,063

124,640,934

Account.

Receipts for currency outstanding
June 30, 1908 . . . .
Moneys received during year
Total
Less outstanding receipts June 30,
1909

91,635

Total.

3,668,641

390,573,932 1,343,787,588

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.
$394,589,878 $17,685,404
For silver coin and certificater
63,841,363 310,248,679
$1,031,412
For United States notes and
Treasury notes
20,015,942 18,799,276
For national-bank notes and
minor coin
219,666,971 27,327,268 95,864,832
Total.

220,698,383




United
States'
notes.

Nationalbank
notes and
minor
coin.

$3,048,517 $3,478,860

Total.

$418,802,659

28,649,676

5,998,933

84,369,640

1,456,076

409,770,063
124,640,934

46,471,476

1,253,385

390,573,932

505,774,451 442,688,191 162,539,309 12,187,264 1,343,787,588

166

REPORT ON T H E FINANCES.
REDEMPTION OF NATIONAL-BANK NOTES.

The national-bank notes presented for redemption during the
fiscal year amounted to $461,522,202, exceeding by $111,887,861 the
largest sum ever presented for redemption in any year. The redemptions were 67.80 per cent of the average amount of the notes outstanding during the year, which was $680,666,307. This percentage,
however, was exceeded in the year 1877, when redemptions, amounting to $242,885,375, were 75.47 per cent of the average amount outstanding during that year. The average denomination of the notes
outstanding during this fiscal year was $10.11; of the notes redeemed
it was $9.71. The total number of notes redeemed was 47,294,777.
The redemptions by denominations of the average amount outstanding amounted to 75 per cent of the $5 notes, 69.34 per cent of the
$10 notes, 64 per cent of the $20 notes, 54.40 per cent of the $50
notes, and 51.17 per cent of the $100 notes.
Following the usual movement of bank notes to the Redemption
Agency, the redemptions in the first six months, July to December,
were only 39.59 per cent of the total for the year, while 60.41 per cent
was redeemed in the second six months, January to June. The
smallest monthly amount redeemed was $24,776,186 in September,
and the largest was $56,627,458 in January. A monthly average
would have been $38,460,183.
The redeemed notes were paid for in the following ways: By the
treasurer's checks on the various subtreasuries to the amount of
$219,617,316, by remittances of $165,668,342 in new United States
currency, by remittances of $187,979 in gold, silver, and minor coins,
and by the credit of $74,063,371 in various accounts.
The notes assorted and delivered during the year amounted to
$500,636,735.50. The excess of deliveries over redemptions was
caused by the reduction of the balance of $62,277,880 in redeemed
notes on hand unassorted at the commencement of the year to a balance of $20,645,204 at the close of the year. The assorted notes forwarded to the banks of issue as fit for use amounted to $89,629,100,
those delivered to the Comptroller of the Currency for reissue to
$321,445,552.50, and those for retirement to $89,562,083. Under
provisions in the emergency currency act of May 30, 1908, it became
impracticable to separate the notes issued by a bank prior to that
act from the notes issued suhsequent to that act from plates which
had been changed to conform to the requirements of the act. In
consequence of this the deposits of lawful money previously received
from banks under the various provisions of law for the retirement
of certain series of their notes and the deposits subsequently so
received, have been used since July 1 to retire any notes issued by
the bank making the deposit without regard to the series. Under
this practice the redemptions of the notes of a bank on the 5 per cent
account cease until the deposit for retirement of its notes is exhausted.
This change in practice accounts for the large sum of notes retired by
redemption during the year. Notwithstanding this retirement of
notes the transactions during the year in further deposits for retirement of notes and in fresh deposits of bonds for additional notes,
resulted in a net decrease of only $8,413,843 in the amount of circulation during the year. The total deposits for the retirement of notes




167

TREASUREE.

amounted to $45,621,739.50, those received under the compulsory
provisions of law relating to extended bank charters and bank liquidations were $14,841,244.50, and those under the provision of law for
the voluntary retirement of notes with a monthly limit of $9,000,000
were $30,780,495. Of this latter sum, however, $13,316,500 came
from the redemption by the Government of 3 per cent certificates
which had been pledged by the banks for notes.
Inclusive of charges for transportation, salaries, printing, stationery, and' contingent expenses, the total costs for the year were
$396,743.15, which have been assessed upon the banks at the rate of
$0.79762 per $1,000 of notes redeemed.
SPURIOUS ISSUES DETECTED IN 1909.

The nominal value of the counterfeit coins and paper currency of
all kinds detected at the Treasury and subtreasuries during the last
fi.scal year was $13,629.14, as against $13,236.19 in 1908.
SPECIAL

TRUST

FUNDS.

The Central Pacific Railroad settled the balance of its indebtedness to the Government on July 28, 1908, and the bonds of the company held as security therefor were released.
The kind and amount of securities held in special trust and the
transactions therein during the fiscal year 1909 are enumerated in
the annexed table:
SPECIAL T R U S T F U N D S IN THE CUSTODY OP THE T R E A S U R E R OP THE U N I T E D STATES
AT THE C L O S E O F T H E F I S C A L Y E A R 1909.

Fiscal y e a r 1909—
A c c o u n t a n d k i n d s of b o n d s , e t c .

H e l d J u n e 30,
1908.

H e l d J u n e 30,
1909.
Deposited.

N o t e s secured b y b o n d s given b y t h e Central
Pacific R . R . t o t h e G o v e r n m e n t i n settlem e n t of t h e obligations of t h a t r o a d :
Central Pacific R . R . n o t e s
$5,881,271.56
C e n t r a l Pacific R . R . b o n d s
5,882,000.00
S t a t e b o n d s belonging t o t h e U n i t e d S t a t e s :
Louisiana state bonds
37,000.00
58,000.00
N o r t h Carolina s t a t e b o n d s
335,666.66§
Termessee s t a t e b o n d s
U n i t e d S t a t e s b o n d s h e l d u n d e r special p r o v i sions of l a w :
A m e r i c a n P r i n t i n g H o u s e for t h e B l i n d
250,000.00
M a n h a t t a n Savings Institution
75,000.00
N o r t h A m e r i c a n Commercial Co
50,000.00
H e l d for t h e Secretary of W a r :
545,480.00
C a p t u r e d b o n d s of t h e S t a t e of L o u i s i a n a . .
H e l d for t h e S e c r e t a r y of t h e T r e a s u r y :
3,732,264. 24
P a n a m a Railroad notes
H e l d for t h e D i s t r i c t of C o l u m b i a :
4,895,450.00
3.65 p e r c e n t b o n d s ( u n s i g n e d )
B o n d s for a c c o u n t of D i s t r i c t c o n t r a c t o r s . .
121,230.00
Chesapeake a n d Ohio Canal b o n d s
84,285.00
B o a r d of a u d i t certificates
.,-.
Aggregate.

. . .




21,947,647.461

Withdrawn.

$5,881,271.56
5,882,000.00
$37,000.00
58,000.00
335,666.661
250,000.00
75,000.00
50,000. 00
545,480.00
$377,331. 79

100,000.00

41,250.00

4,895,450.00
• 11,000.00

20,134. 72
438,716.51 17,019,721.56

4,009,596.03
151,480.00
84,285. 00
20,134. 72
5,366,642.41§

168

REPORT ON T H E FINANCES.
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
paper.
During the fiscal year 1909 the bonds of the funded debt retired
amounted to $491,300, resulting in the reduction of the annual
interest charge by $17,833.90.
From July 1, 1878, to the close of the fiscal year 1909 the bonded
debt was increased by the issue of 3.65 per cent bonds amounting to
$1,254,050, and decreased by the operation of the sinking funds and
otherwise $13,246,550, making a net reduction of $11,992,500, and
of the annual interest charge $646,592.65. The interest-bearing
bonds outstanding June 30, 1909, were $10,114,150.
Since the close of the fiscal year the debt has been further reduced
by the purchase of 3.65 per cent bonds amounting to $446,350. This
leaves outstanding October 1, 1909, $9,667,800 in bonds bearing
3.65 per cent interest.
The retentions from 39 District of Columbia contracts were canceled during the year by the return to the contractors of $65,170 in
bonds and $67,534.36 in cash.
At the close of the fiscal year 1909 the 10 per cent guaranty fund
amounted to $249,326.56, and was credited to 86 separate contracts,
and is represented by $151,480 in bonds purchased at the request
and risk of contractors, and $86,057.84 uninvested cash.
INCREASE OF SALARIES.

Since I have held the office of Treasurer of the United States the
duties and responsibilities of the employees of this bureau have been
carefully studied, and it is my observation that the salaries paid are
not adequate for the services rendered.
The salaries of employees in this office should be large enough to
command the best talents, and should be at least large enough to
give them and their families a respectable livelihood, and to enable
them to save something for the needs of old age.
The salaries of the classified service (clerks of classes 1,2, 3, and 4)
were established by the law, April 22, 1854, and have not since been
changed. At that time the cost of living was much less than at
present, and the salaries were adequate; but now the cost of all the
articles that enter into the consumption of a family have increased so
largely that the government official holding a position in the classified
service, the salary of which has not been increased for more than
fifty years, finds it a difficult matter to provide for the wants of a
family and quite impossible to put aside but a small part of his earnings for the wants of that period when he shall have outlived the days
of his usefulness in the public service.
The risk of loss and the pecuniary responsibilities of many of the
employees of this office are very great. The arguments urged may
perhaps apply with more strength and force to an office like this, but
the same reasons for an increase of pay apply, with more or less force,
to every branch of thie public service.




169

TREASURER.

Daily wages have been increased in every line of industry throughout the country, but the salary of the clerk has remained stationary.
I t is suggested that you invite the attention of Congress to this
subject.
Your attention is invited to the comparison of annual salaries paid,
in the following statement for the fiscal years 1856, 1876, and 1910:

Office.

Annual salaries paid for the
fiscal years-—

Percentage of
increase
since
1856.

1856.

1876.

1910.

The President
The Vice-President
The Speaker of the House
Secretary of the Treasury
Assistant Secretary of the Treasury
Comptroller of the Treasury
Auditor for the Treasury
Treasurer of the United States
Register of the Treasury
Classified service:
Clerks of class 1
Clerks of class 2
Clerks of class 3
Clerks of class 4

$25,000
8,000
8,000
8,000
3,000
3,500
3,000
3,000
3,000
1,200
1,400
1,600
1,800

$50,000
8,000
8,000
8,000
4,500
5,000
4,000
6,500
4,500
1,200
1,400
1,600
1,800

$75,000
12,000
12,000
12,000
5,000
5,500
4,000
8,000
4,000
1,200
1,400
1,600
1,800

RETIREMENT

IN

OF

E M P L O Y E E S G R O W N OLD
GOVERNMENT.

THE

SERVICE

OF

200
50
50
50
66
57
33
166
33

None.
None.
None.
None.

THE

The question has been before the public for several years and
numerous bills in relation thereto have been introduced in Congress,
but none of these bills have been sanctioned by that body. Throughout the country the necessity for making provision for those who
have grown old in the service of mercantile establishments, banks,
and great railway lines is receiving attention, and in many instances
ample funds have been provided and the plans put into practice
with very satisfactory results.
The employees of the Government, a faithful and efficient class of
citizens, are growing old in its service, and that, too, on salaries
which, in these times of high prices and cost of living, afford no margin
for saving to provide for the wants of old age. Therefore it is suggested that in the legislation to come before Congress at the next
session relative to a readjustment of salaries, there be coupled with
the measure some Icind of retirement plan whereby the Government
will make deductions from the salaries of all employees in future
sufficient to provide the necessary retirement fund. Such a plan
would in the course of a few years be self-supporting, and on a basis
entirely diff'erent from that of a civil pension system to be paid for
out of taxation. Under such provisions it would fall to the lot of
Congress to provide for the old clerks who are now on the rolls of the
departments, but who manifestly could not at this date contribute
enough for their own pensions. With this temporary aid the plan
would be on its face essentially like the Australian requirement, that
every clerk, on appointment would at once begin the purchase' of a
deferred annuity, and thus make provision for old age.




• %

170

REPORT ON THE FINANCES.

The Treasurer can not close this, his final report, without expressing his high appreciation of the integrity, loyalty, efficiency, and
hearty cooperation of'the officers and clerks with whom he has been
associated in the conduct of the affairs of the bureau since July 1,
1905. Vast sums of money mounting up to the billions have been
handled in this bureau since that date, and it is gratifying to state
that not one cent of the public moneys has been lost.
Respectfully,
CHAS. H . TREAT,

Treasurer of tlie TJnited States,
Hon.

FRANKLIN MACVEAGH,

Secretary of the Treasury.

r



APPENDIX TO REPORT OF THE TREASURER.
K[©. 1 . - - H E V E N U E S A N D E X P E N D I T U R E S F O R T H E F I S C A L Y E A R 1909, A S S H O W N B Y
WARRANTS

Revenues.

Account.

Customs
Internal revenue
Lands
Miscellaneous
District of Columbia..
Commerce and Labor.
Interior, civil
Treasury proper
Diplomatic
Judiciary
War
Navy
Interior, Indians
Interior, pensions
Agriculture
Interest

$300,711,933.95
246,212,643.59
7,700,567.78
42,204,956.95
7,357,750.49

Total
Premium on Panama Canal loan.
Publicdebt

ISSUED.

Expenditures.

$26,480,542.87
5,553,252.35

$950,838. 58
162,405.92

$29,395.64
470.61

14,776, 541.75
14,301, 469.85
24,889,395.32
68,310,974.21
3,722,025.49
9,139,215. 66
194,763,655.43
116,315,524.20
15,694, 618.11
161,710,367.25
16,282, 468.23
21,803, 836.46

939, 542.57
1,108, 283.46
1,047, 663.05
2,572, 084.38
57, 591.51
477, 198.63
9,980, 297.38
1,657, 494.56
1,562, 426.92
1,330, 680.50
208, •430.10
74, 417.47

164,658.65
351,373.35
803,241.64
1,330,271.12
44,534.53
48,720.67
6,613,449.34
188,885,326.31
78,751.16
8.47
45,146.08

693,743,887.18

22,129,355.03

198,395,347.47

22,129,355.03

198,395,347.47

604,187,852.76
731,008.21
840,134,239.50

'827,'39i,'776.'66'

1,445,053,100.47

Aggregate.

Repayments Counter credits
from unexpended appro- to appropriations.
priations.

1,521,135,657.18

N o . 2 . — N E T ORDINARY E E V E N U E S AND EXPENDITURES FOR EACH QUARTER OF THE
FISCAL Y E A R 1909,

Account.

First quarter.

AS SHOWN BY WARRANTS I S S U E D .

Second
quarter.

Third quarter.

Fourth
quarter.

Total for year.

REVENUES.

Customs
Internal revenue
Lands
Miscellaneous revenues
Total

$69,018,868.55 $70,785,265.52 $78,309,759.77 $82,598,040.11 $300,711,933.95
62,221,042.69 66,759,283.01 55,931,980.97 61,300,336.92 246 212 643 59
2,206,361.25 2,205,995.26
1,929,960.80 1,358,250.47
7,700,567. 78
7,659,747.96 12,870,909.97 14,955,245.98
14,076,803.53
49,562,707.44
147,523,076.02 147,410,291.75 149,042,611.51 160,211,873.48

604,187,852. 76

EXPENDITURES.

Civil and misceUaneous
War Department.
Navy Department
Interior, Indians
Interior, pensions
Interest on public debt
Total
Excess ol expenditures

47,655,904.87
51,910,639.08
27.769,857.83
5,027,372.61
41,668,799.40
5,142,847.77

47,287,962.02'
50,019,936.64
30,698,075.82
4,414,880.28
40,342,841.99
5,650,143.77

41,435,896.84
46,101,327.78
29,190,053.19
2,805,533.83
38,189,924.51
5,790,692.57

183,455,885.73
194,763,655.43
116,315,524.20
15,694,618.11
161,7,10,367.25
21,803,836.46

179,175,421.56 178,413,840.52 172,641,196.38 163,513,428.72

693,743,887.18

31,652,345.54




31,003,648.77

47,076,122.00
46,731,751.93
28,657,537.36
3,446,831.39
41,508,801.35
5,220,152.35

23,598,584.87

3,301,666.24

89,556,034.42

171

172
No.

REPORT

ON

THE

FINANCES.

3 . — R E C E I P T S AND EXPENDITURES FOR SERVICE OF T H E POST-OFFICE
M E N T FOR THE F I S C A L Y E A R 1909.

DEPART-

Fiscal year 1909.
Balances June
30,1909.

Balances June
30,1908.

Office.

Receipts.

Expenditures.

$2,066,213.19 $21,770,791. 09 $23,823 218. 27
2,634: 261. 09
2,457,740.37
230,108.87
4,737,235.55
4,388' 831. 07
380,968.91
17,920;464.25
16,079,447.20
2,041,721.11
3,782,690.40 . 3,997;235.99
284,955.98
2,834;186. 74
2,600,642.99
. 330,
813.37
35,263;966.68
1,142,625. 70 34,5-46,890.12
7,935;815.19
686,255. 07
7,283 336.56
4,472,203.17
614,938.25
4,247;803. 93
7,641,487.83
771,113. 61
7,148,927. 40
30,522.21
24,611. 43
11,267. 28
277.06
37,

Washington
Baltimore
Boston
Chicago
Cincinnati
New Orleans
New York
Philadelphia
San Francisco..
St. Louis
Natiohal bank depositaries.
Unavailable items

Total.

8,598,258.40

111,290,596.97
28,995,000.00
82,295,596.97

37,728,365.79
37,855,865.83
37,486,039.62
37,785,166.21

Net receipts and expenditures by Treasurj^ offices
Receipts and expenditures by postmasters fo iquarter ended—
September 30,1908
December 31,1908
March 31,1909
June 30,1909
:

104,331,712.56
28,925,000.00
0 75,406,712.56

8,598,258.40

Total
Less transfers between offices.

37,728,365. 79
37,855,865.83
37,486,039.62
37,785,166.21

226,262,150.01

233,151,034.42

$13,786. 01
53,588.15
32,564.43
200,704.06
70,410.39
97,269. 62
425,549.14
33,776.44
390,539.01
278,553.18
5,356.50
37,277. 06
1,639,373.99

1,639,373.99

a Including deficiency appropriation of $19,501,062.37.
No.

4.—POST-OFFICE

W a r r a n t s d r a w n on—

Treasurer United
States,
Washington
Assistant Treasurer United
States:
Baltimore
Boston
Chicago
Cincinnati
N e w Orleans
N e w Y'ork
Philadelphia
San Francisco
St. LouisTotal




DEPARTMENT WARRANTS I S S U E D , P A I D , AND OUTSTANDING
FOR THE F I S C A L Y E A R 1909.

Number
of w a r r a n t s issued.

Fiscal y e a r 1909.
W a r r a n t s outWarrants outstanding June
standing June
A m o u n t of w a r - A m o u n t of war30, 1908.
30,1909.
r a n t s issued.
rants paid.

2,981

$1,178.01

$2,516,567.92

$2,457,745.52

$60,000.4f

34,666
18,238
51,570
34,902
33,619
54,250
27,698
28,376
43,105

96,496.75
• 19,179.59146,826.90
219,778.39
65,628,63
632,654. 72
25,004.73
305,535.05
249,159.26

2,432,589.43
2,856,785.48
17,119,94L73
3,570,984.74
2,746,614. 04
32,406,050.12
7,489,862. 29
2,996,375.96
7,697,638.10

2,494,380. 78
2,852,235.55
17,070,464.25
3,747,172.58
2,733,640.45
32,834,710.83
7,485,839.87
2,947,208.92
7,641,88L37

34,705.40
23,729.52
196,304. 38
43,590.55
78,602. 22
203,994. 01
29,027.15
354,702.09
304 915 99

329,405

1,761,442.03

81,833,409.81

82,265,280.12

1,329,57L72'

173

TREASURER.

Wo.

5 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF M O N E Y ON ALL ACCOUNTS
AT THE T R E A S U R Y IN WASHINGTON FOR THE FISCAI, Y E A R

Account.

1909.

Standard
United
Gold coin. [silver dollars. Subsidiary |.States notes.l Treasury
silver.
notes.

RECEIPTS.

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

$28 i
$224,090

$41,084

125,747

$2,800

64,420
744,550
99 i
100,000
82 '
2,000
29,142 136,591,028

$634,243

771,113

2,821,092

26,228,655
132,940,000

132,757

565,712

Total.

215,875

812,197

2,914,863

296,609,033

767,000.

45
11,198

1,842

49,867

228,300

124
227,503
120
1,109,936

1,537,703
19,388,465
1,939,404
68,956,778

94,725
1,802
1
372,247

6,210
15,065
1,663,025
17,500,015
7,401
44,321,498
1,456, 685
6,291,461
346,235
132,940,000

767,000

296,369,945

767,000

DISBURSEMENTS.

Warrants and checks
Disbursing officers
Post-Office Department
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States notes
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin
Redemption and destruction.
Five per cent fund

2,084
5
48,887

131

90
810,631
4,887

367
5,798
6

925,605

Total.

Account.

Nationalbank notes.

238,533

331,562
569,384
29,865
1

2,737,270

Gold certifi-

S ilver certificates.

Minor coin.

Total.

RECEIPTS.

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

$4,160

$144,379

$7

$151,374

819,700
110,000
1,100
261,576,383

433,413
132^688
25,175
228.033,286
271,715
' 2,448,727
401,387

4,749
9
13
4,721

2,332,006
342,796
28,370
708,231,642
271,715
2,448,727
401,387

378,299,915

18,194,825
166,810,000

107,539,943
336,860,000

492,406

534,696,581
636,610,000

459,537,007

447,516,168

676,290,713

501,905

1,885,514,598

3,025,090
42,434,690
368,090
97,806,803

675,334
10,480,165
150,098
140,387,369

31
26,121
33
77,542

5,238,327
72,569,984
2,457,745
308,616,595

16,310
6,420
47,260
1,479,570
1,270
26,070,715
9,028,030
3,600,300
8,530
261,892,000

47,405
403,761
446,044
6.634,944
'124,086
87.939,843
6,102,972
97,606,568
89,613
326,796,000

49,146
5,230
1
25,739

215,880
432,283
2,156,331
26,061,533
'132,757
158,679.554
18,194; 825
107,539,943
444,381
811,957,083
411,607,600

445,785,078

677,884,202

$81,237,092

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
Redemption and deatruction.
Five per cent fund

Total.




89,562,083
411,607,600
601,169,683

15,479
221,325
6,856
2

427,505

1,926,304,821

174

REPORT ON T H E FINANCES.

]\[o. 6 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF M O N E Y ON ALL ACCOUNTS
AT THE SUBTREASURY IN BALTIMORE FOR THE FISCAL Y E A R 1909.

Gold coin.

Account.

Standard sil- Subsidiary
silver.
ver dollars.

Treasury
United
States notes. notes.

RECEIPTS.

$974
1,175
30
7,945
3,240
212,475

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

$20
8
5
1,481,501

$692
34
232
95
49
37,785

$1,038,730
1,030
53,628
364,717
155,915
6,660,626

$100
30
2
1
1,871

112,982
13,620

1,566

3

1,400,000
1,532,198

2,746,760

2,976,059

10,467

3,159,537

2,324,184

2,785,647

11,377,307

12,474

2,600

Total

842,650

62
1
44,550

382
16,297
453
551,958

1,299,940
3,796,572
514,433
2,510,000

12,000

1,600

44

1,151,240

533,064
39
931,900
561,600
178,021
50

722,700
6,050
1,112,400
1,063,8.59
9,448

DISBURSEMENTS.

Warrants and checks
Disbursingofficers
Post-Office Department
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States notes
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin

.
'..

59,770

Account.

1,963,934

2,461,214

Total.

1,246,000
4

2,008,547

Nationalbank notes.

Gold certificates.

2,773,808

11,464,547

Silver cer- Minor coin.
tificates.

12,000

Total.

•

RECEIPTS.

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

50,000
1,000
378,145

$11,490
24,828
1,204,900
424,070
6,528,517
1,700
232,905
9,470

$2,467,470
4,660
53,390
752,250
166,640
17,417,560
147,550
19,580

$195,540
19,073
• 52,642
511,888
202,199
7,529,344
44,05©
118,665
16,395

$43
2
29
15
.
6
39,777

845,775

$3,703,569
37,494
184,789
2,841,816
952,119
39,909,456
45,750
613,60559,065
1,400,000
41,427,472
11,640,000

23,387.000
11,640,000

7,921,923

9,602,520

Total

1,164,640

56,056,100

16,611,719

. 243,300
1,985,675
844,190
6,241,205

5,183,690
8,638,545
955,33016,484,510

321,440
2,875,989
179,936
6,918,495

31
1,520
37
52,750

7,048,783
17,317,260
2,494,380
32,875,238

6,468
657,710
112,130
1,000

•575

2,932,197
844,980
2,746,790
2,976,059
10,467
1,164,640
23,387,000
7,921,923
845,935

885,647 102,815,135

DISBURSEMENTS.

Warrants and checks
Disbursing officers.
Post-Office Department
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States notes
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates
Minorcoin
Total




207,410

2,200,810
181,220
1,314,850

7,000
95,945

21,228,070
23,900
336,075

19,000
5,646,891
35,720

9,624,725

56,547,000

16,774,779

226,896
980
225,740
282,330
108,173

899,032 102,565,652

175

TEEASUEEE.

N o . 7 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF M O N E Y ON ALL ACCOUNTS
AT THE SUBTREASURY IN N E W Y O R K FOR THE FISCAL Y E A R 1909.

Account.

Gold coin.

Standard
silver dollars.

Subsidiary
silver.

United
Treasury
States notes. notes.

RECEIPTS.

$1,172,667

30,000
20,160,650

Total

$395

$28,329,691

20,502
400
9,997

133
55,439
9,542.
80,887

11,655
588,379
468,619
81,513,618
291,992
93,065

21,550,856

54,552,270

122

46,250
20,900
659,199

$59,524

3,000

Customs
'
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
Transfers
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates
Redemption and exchange
Issues
Special customs deposit
Gold bars

18,147

3,595,592

21,989,666

3,686,015

21,700,374

165,867,436

472,216

14,469

1,912
136,671

267,700

6,825,613

49,183,045

97,958

39,580
19,419,871

12,000

$108,714

206,672

DISBURSEMENTS.

Warrants and checks
Disbursing officers
Post-Office Department
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States notes
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates . .
Minor coin
Clearing-house balances..

208,745

460
429,000

5,400

78,132,368
10,000

14,500 .
1,904,200

79,055,684

2,206,269

3,655,920

44,119,872

713,700
7,963,242
1,885,922

7,471,000

67,000

i24

Total

Nationalbank notes.

45,358,048

21,183,564

165,648,416

Gold certificates.

Silver certificates.

$153,506,235

Account.

Minor
coin.

208,745

$17,115,405

$12

$200,183,929

34,837,666
36,611,190
12,472,580
416,552,104
55,900
8,476,125
1,226,615

94,364
267,994
193,841
78,965,360
380,785
2,249
2,570

14
38
37
15,444

34,943,166
37,888,842
13,438,919
585,773,853
436,685
8,773,366
1,322,250
30,000
447,837,457
54,530,000
380,798,619
36,358,926

Total.

RECEIPTS.

Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
Transfers.
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates
Redemption and exchange
Issues
Special customs deposit
Gold bars

$299,050
273,000
7,968,530

.

-.

1,025,400

215,828,640
54,530,000
380,228,680
36,358,926

9,665,980 1,350,683,995

Total

127,878,179 3,147,912
551,638

32

225,452,325 3,163,489 1,802,315,952

DISBURSEMENTS,

Warrants and checks..
.
.
Disbursing officers
Post-Office Department
Transfers
. .
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States notes
.
Treasury notes of 1890
National-bank notes
Gold certificates .
Silver certificates
Minor coin
Clearing-house balances .
Total




.
...

85,000
2,290,775

2,271,570
743,918,331

183,781
9,638,323

97
14,839

2,581,940
775,905,495

. 7,186,870

109,880,270

95,496,098

799,755

269,860,096

5

20,203,429
3,594,056
21,529,857
54,601,616
100,014
1,025,400
•215,918,260
127,884,338
" '3,153,90'6
362,705,068

20,202,964
1,572,000
53,000
128,215,340
28,703,000
317,345,750
9,562,646 1,352,162,225

3,594,656
21,529,857
4,386,000
100,014
74,900
87,585,127
3,153,144
1,133

433,424
126,800
1,592,810
325,089
762
13

225,742,433 3,293,594 1,859,063,476

176

REPORT ON T H E FINANCES.

N o , § . — R E C E I P T S AND DISBURSEMENTS OF E A C H K I N D OF M O N E Y ON ALL ACCOUNTS
AT THE SUBTREASURY IN PHILADELPHIA FOR THE FISCAL Y E A R 1909.

Gold coin.

Account.

Standard sil- Subsidiary
silver.
ver dollars.

United
Treasury
States notes. notes.

RECEIPTS.

$49,057
15
5,837
53,070
47,150
281,547

Customs
Internalrevenue
Miscellaneous
Disbursing officers Post-OfficeDepartment
Transfers
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates.. .
Redemption and exchange
Issues

$6,735

$599

$3,088,495

$964

64
13,488
8,205
518

633
9,002
10,055
12,462

86,980
494,852
398,394
9,198,499

1,176
5,624
4,776
3,071

3

302,745
52,610

332
25

6,300
450
5,170,000
3,335,680

6,950,945

10,343,794

14,748

8,949,106

Total.

2,594,168
2,623,178

6,983,699

23,966,369

30,716

554
87,732
10,450
2,605,065

2,360,185
5,246,549
1,111,011
7,769,000

31,000

4,595
•25,443
944
566,762
2,037
1,442,086
1,717,160
238,371
150

220,000
13,500
851,028
5,985,720
8,350

24,068,243

DISBURSEMENTS.

Warrants and checks
Disbursing officers
Post-OfficeDepartment
Transfers
Redemption and exchange:
Gold'coin .
Standard silver dollars
Subsidiary silver
United States notes
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin

390,202
1,822,889
90,000
195
5,500
350,000
3,045,060
555

904,500
133

Account.

1,645,580
98,300

1,321,741

7,448,281

Total

. .

2,226,374

6,701,349

Nationalbank notes.

Gold certificates.

Silver certificates.

$13,579,766
460
257,323
1,456,222
2,573,938
48,752,957
850
1,379,981
204,938

$837,024

$58,894
1,863,428
809,385
4,260,942

306,000
67,900
129,000

Minor
coin.

31,000

Total.

RECEIPTS.

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

431,060
81,865

$52

$17,562,692
475
486,036
139
5,268,265
208
4,729,506
97,334,971
5,731
929,075
2,666,012
419,345
5,170,000
1,123,565 132,611,017
46,510,000

ei

75,068
1,372,440
877,395
34,819,244
928,225
545,591
79,457
•

1,618,621

79,476,840
46,510,000

27,152,656

9,124,195

194,193,276

66,687,100

1,129,756

313,687,394

614,100
4,046,410
140,280
3,812,000

15,340,190
21,952,860
5,329,110
63,288,000

1,931,467
8,926,746
804,950
25,660,000

43
6,561
38
500,574

20,636,741
42,089,747
7,485,839
104,570,139

434,134

8,914,655
118,590
2,192,831
686,780
3,100

2,436,967
3,119,747
24,100

5,235
35

37,776

75,437,666
1,980,900
•349,209

97,666
23,378,000
609,633

79,572
706
176,535
274,100
105,644
27

9,144,680
2,600,168
6,948,684
10,387,994
14,748
1,618,621
79,476,840
27,190,856
1,125,796

9,084,700

195,593,225

66,988,610

1,149,070

313,290,852

DISBURSEMENTS.

Warrants and checks
Disbursing officers
Post-OfficeDepartment
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States notes...
Treasury notes of 1890
National-bank notes .
Gold certificates
Silver certificates..
Minor coin
Total




177

TREASURER.

]Vo. 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 Y E A R

Gold coin.

Account.

Standard sil- Subsidiary
silver.
ver dollars.

1909.
United
States
notes.

Treasury
notes.

RECEIPTS.

$63,088

$1,855,559

$172

4,152

1,191
419
369
32,971

83,697
492,510
668,756
9,793,499

647
815
540
20,774
1,500

974,920

755,770

2,214,065
815

1,400,568

785,644

2,253,274

22,110,541

28,882

1,987,200

398
20,491
361
1,662,584

854,700
3,894,846
. 225,599
10,545,000

29,600

1,207,600
5

'

$3,444

34
4

10
168,067

5,392
2,750
1,000
84,262
582
166, 295
270,411
98,716

1,451,053

Total

$25,684

340
1,500
9,373
351,347

Customs
Internal revenue
Miscellaneous
Disbursing officers .
Post-Office Department
Transfers
•.
Standard silver dollars
Subsidiary silver
Minor coin
Redemption and exchange .
Special customs deposit

2,155,277

2,313,242

152,400
1,000
9,063,120

4,434

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...'

39,216
20,100
106,407
44,660
32,985
80
.

• Total

National- Gold certifi- Silver certifibank notes.
cates.
cates.

Account.

126,650.
5,840,905
37,500
295,300
29,220
21,849,720
Minor
coin.

29,600

Total.

RECEIPTS.

$24,760,514

$961,612

$53,730
250,470
560,600
1,864,077

286,143
3,522,960
2,572,015
37,929,308

657,910
142,707
290,636

613,240
3,010
3,086,340
20,209,520

102,576
552,030
559,119
13,791,698
483,800
160,550
10,663
15,902,654
8,157

588,490
117

528,424
4,820,780
4,370,791
63,788,632
485,300
1,584,100
157,380
32,880,429
20,218,609

• 3,820,130

Customs....
^
Internal revenue
Miscellaneous
Disbursing officer
. . .
Post-Office Department
Transfers
Standard silver dollars
Subsidiary silver
Minor coin
.
Redemption and exchange
Special customs deposit

92,983,050

32y532,859

589,777

156,504,725

807,455
4,000
1,919,545

11,491,980
50,797,720
2,586,480
16,263,000

60,380
2,913,259
35,750
18,029,024

48
1,702
45
201,207

12,446,-722
58,455,573
2,852,235
50,743,567

4,768

975,420
752,570
2,210,585
9,047,620
4,434
290,636
3,075,840
15,870,354
587,030

•.

Total

$207 $27,670,280
66
72
19
806

DISBURSEMENTS.

Warrants and checks
Disbursing officers
Post-Office Department
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States notes
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin
Total.

..

920,600
.

1,111,570
2,963,200
3,100

749,820
86,210
81,695

1,420
228,170

-12




1,382,100
4,618,770
308,710

5,000
10,619,810
20,930

3,845,745

...

13518—FI 1909-

885,155

92,447,230

32,601,878

44,573
672
124,341
173,219
68,266

618,841 157.312. .586

178

REPORT ON T H E FINANCES.

IVo. 1 0 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF M O N E Y ON. ALL
ACCOUNTS AT THE SUBTREASURY IN CINCINNATI FOR THE FISCAL Y E A R 1909.

Gold coin.

Standard sil- Subsidiary
silver.
ver dollars.

$5,000

Account.

$30
2
71
80
13
24,169

United
Treasury
States notes. notes.

RECEIPTS.

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

15,000
802,600

$103,700
3,000
491,100
39,500
5,160,400
88,700
2,000

110,000
992,745

2,888,430

644,900

1,925,345

Total

$2,971,280
2,971,280

2,912,795

6,533,300

320
188,609
2,100
66,760

40

1,647
4,013
1,440
2,339,068

275,200
2,061,945
838,000
2,587,000

DISBURSEMENTS.

Warrants and checks
Disbursing officers
:
Post-Office Department
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States n o t e s . . . :
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates.. .•
Minor coin

. .

2,384,030

3,000

46

60,000
304,160
141,400

3,000

Account.

94,010

25,200
545,780

7,000
25,500
136,000
47,095

268,779

Total

5,000
10,000

2,478,080

2,917,194

6,483,300

Nationalbank notes.

Gold certificates.

Silver certificates.

Minor
coin.

Total.

RECEIPTS.

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

$160,964
373
54,599
170,852
57,097
8,401,819
2,358,530
150,690
122,025

$693,600

$4

$863,198
1,775
302,276
7,215,040
2,136,110
37,495,504
2,358,530
2,137,390
169,025
110,000
12,973,720
630,000

118,000
1,285,000
140,000
• 12,378,300

1,860,000
43,000

38,000
2,000

7,000

802,000
630,000

4,176,065

49i,366

19,918,000

Total

$1,400
126,600
5,253,000
1,899,500
10,727,500

15,986,800

15,653,014

492,034

66,392,568

607,965
5,223,085
1,070,000
12,394,000

444,950
6,556,340
1,175,900
2,775,000

204,543
1,266,739
659,573
7,063,000

125
3,017
159
250,799 •

1,434,750
15,303,788
3,747,172
29,849,647

16,000

100,704
2,720,780
1,423,080
219,200

104

352,030
23,000

922,890
283,000
825,770
252,800

2,000
149,500
41,420

727,000
1,260,800
96i350

7,000
1,701,398
307,365

10,300
267,072

7,000
802,000
4,164,660
492,230

19,779,000

15,320,800

15,673,382

531,576

63,462,111

"6
8
716

DISBURSEMENTS.

Warrants and checks
Disbursing officers
Post-Office Department
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver.
United States notes
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin
Total




5

1,102,744
3,003,780
2,905,040
639,400

179

TREASURER.
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 OF EACH K I N D OF M O N E Y ON ALL ACCOUNTS
AT THE SUBTREASURY IN CHICAGO FOR THE FISCAL Y E A R
1909.

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
Disbursing officers
Post-Oifice D e p a r t m e n t
Transfers
S t a n d a r d silver doUars
Subsidiary silver
Minor coin
Gold certificates
R e d e m p t i o n a n d exchange
Issues

$1,935

$198,000

$80,000

179,083
2,934,416
2,756,739
13,574,705

$50
2,400
815
2,015
79,130

4,571,395
606,205
18,072,177

6,400,673

15,618,072

50,280

18,270,177

Total

$5,956,442
5,956,442

6,480,673

40,242,550

134,690

6,664,113

6,076,710
3,557,065
2,434,325
15,311,000

137,000

420,109

1,110
104,000
5,671,410
. 6,511,240

DISBURSEMENTS.

-

W a r r a n t s a n d checks
Disbursing officers
^
Post-Office D e p a r t m e n t
Transfers
R e d e m p t i o n a n d exchange:
Gold coin
S t a n d a r d silver dollars
Subsidiary silver
U n i t e d States notes
Treasury notes of 1890
N a t i o n a l - b a n k notes
Gold certificates
Silver certificates
Minor coin

325,000
2,285,000
120,000
1,723,452
'.

4,694,966

50,000
3,885
2,631,600
20

1,487

102,000
760,480

7,138,957

Total

630,142
4,725,042

7,085,709

40,529,340

Nationalb a n k notes.

137,000

Gold certfficates.

Silver cer- Minorcoin.
tificates.

$9,383,050
18,280
1,823,820
54,046,650
5,589,230
160,724,510

$5,978
161
147,291
3,724,735
2,871,158
27,051,992
4,029,275

$140
2
131
144
65
126,747

$9,391,103
18,443
2,153,345
61,417,355
11,914,462
202,699,424
4,108,405
6,426,080
•722,180

15

19/239,500
4,470,000

28,555,139

789,801

94,682,099
4,470,000

4,320,565

255,295,040

66,385,729

917,030

398,002,896

2,910,260
787,995
2,210
619,000

99,702,910
76,208,470
12,622,780
12,483,500

5,583,374
3,541,859
1,890,999
31,563,000

239
150
150
798,345

114,598,493
86,380,539
17,070,464
73,394,310

17,887,290
77,000
188,000
8,133,180
20,400

3,636
5,776,022
522,243
237,548
29,880
15
500
17,209,457
24,418

141

16,569,300
10,521,950
3,000

Account.

17,942,177
5,957,022
6,381,653
15,587,372
50,280
15
19,201,400
28,466,239
787,901

254,417,780

66,382,951

Total.

RECEIPTS.

Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-Office D e p a r t m e n t . .
Transfers
S t a n d a r d silver dollars
Subsidiary silver
Minor coin
Gold certificates
R e d e m p t i o n a n d exchange
Issues
.

$2,970
709,010
696,455
941,455
1,854,685
115,975

Total
DISBURSEMENTS.

W a r r a n t s a n d checks
Disbursing officers
Post-Office D e p a r t m e n t
Transfers
R e d e m p t i o n a n d exchange:
Gold coin
. . .
S t a n d a r d silver dollars
Subsidiary silver
U n i t e d States notes
T r e a s u r y notes of 1890
N a t i o n a l - b a n k notes
Gold certificates
Silver certificates
Minor coin
Total

.

.....




4,319,465

281,410

i,i83
3
1,081,621

.•^^ys. 8 1 7 . 8 ^ 5
1

180

REPORT ON T H E EINANCES.

IVo. 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 S T . L O U I S FOR THE FISCAL Y E A R 1909.

Gold coin.

Account.

Standard
. silver
dollars.

United
States
notes.

Subsidiary
silver.

Treasury
notes.

RECEIPTS.

$174,277
Internal revenue
Miscellaneous
.
Disbursing officers.
Post-Office Department
Transfers.
Standard silver dollars .
Subsidiary silver
Minor coin
Gold certificates
Redemption and exchange
Issues

:

$44

$15

$60,548

33,380
123,614
248,244
2,236,015

29
4,256
6,663
67

7
567
805
1,027,009

3,101
898,423
373,996
7,683,625

$9,666

7,150
4,000
33,600

4,509.355
300,635
2,110,000
2,452,000

5,327,242

3,444,316

2,666

7,377,530

2,728,869

6,355,645

17,273,999 1

56,350

163,735
352,580
44,050
83,329

832
701
887
1,491,054

89
58 '
36
5,095,770

296,155
3,851,544
1,200,714
6,625,101

55,856

1,299,381

Total

2,718,820

3,581,467
1,758,380

DISBURSEMENTS.

Warrau'ts and checks
Disbursing officers
Post-OfficeDepartment
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States notes
• Treasury notes of 1890
National-bank notes
Gold certificates..
.
Silver certificates
Minor coin . . . .

. ;. . . .

284,800

380,000

360

650,652

13,626
5,000
361,638

1,308,494

Total

2,144,486

Nationalbanknotes.

Gold certificates.

$1,879,730
630,190
28,239,790

$1,801,100
500
220,435
2,912,220
645,605
42,004,900

401,790
11,080

22,450
3,990

•13,020

6,413,354

17,674,999 1

55,850

Silver certificates.

Minorcoin.

$267,602

$161

119,908
2,287,816
784,193
10,612,829
1,450,650

i47
. 2,563
1,816
150,972

2,409,800
3,340,000

6,296,608

472,663

31,175,600

Account.

53,361,000

21,819,606

628,262 1 140,776,861

302,000
3,582,215
768,730
25,851,500

3,200,600
26,611,600
5,315,520
11,462,000

168,554
1,527,814
311,783
12,073,407

217
150
161
371,058

1,482,870

4,322,200
86,750
206,050
93,000

2,604,210

94,785

2,017,300
76,000
5,980

7,500
5,569,956

32,082,100

63,397,000

22,265,774

Total.

RECEIPTS.

Customs
Internal revenue
Miscellaneous
Disbursing officers
Post-OfficeDepartment
Transfers
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates
'
Redemption and exchange
Issues
Total

. .

$2,303,747
500
377,007
8,118,789
2,697,662
91,959,197
1,484,250
4,933,595
315,705
2,110,000
23,136,409
3,340,000

DISBURSEMENTS.

Warrants and checks
Disbursing officers..
.
Post-Office Department
Transfers
Redemption and exchange:
Gold coin.
Standard silver dollars
Subsidiary silver
United States notes
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin
Total




"5
293,004

550
2,000

*

is

4,132,182
35,926,662
7,641,881
63,109,069
4,607,000
• 2,691,320
5,270,392
3,444,315
2,000
13,020
2,409,800
6,296,608
462 418

664,610 1 136,006,667

181

TEEASUREE.
No.

1 3 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF M O N E Y ON ALL ACCOUNTS
AT THE SUBTREASURY IN N E W ORLEANS FOR THE FISCAL Y E A R 1909.

Gold coin.

Account.

RECEIPTS.
Customs
Internal revenue...'.
Miscellaneous
Disbursing officers
Post-Office D e p a r t m e n t
Transfers
S t a n d a r d silver dollars
S u b s i d i a r y silver
Minor coin
Gold c e r t i f i c a t e s . . . .
R e d e m p t i o n a n d exchange
I s s u e s . . .
Total

$10,530

Standard
silver dollars.

Subsidiary
silver.

United
States
notes.

Treasury
notes.

$553

$861,765

$2,665

5,382
4,211
15,582
87,227

.

$2,763

3,196
669
6,503
35,773

66,812
649,746
247,401
4,065,341

200

•

387
775
785
43,085

345,819
7,010

2,752
354
2,780
3,825
291
1,040
160

555,104

2,053,000

2,845,940

1,566,600

12,225

610,666

2,168,165

2,892,834

7,810,494

25,992

139,270
3,500
16,591

1,008
126,267
1,100
1,670,500

69
457,775
128
2,871,827

1,168,306
1,847,025
476,130
2,118,000

26,000

4

30,952
48,000
767,960
1,423,050

''

.
DISBURSEMENTS.

W a r r a n t s a n d checks .
Disbursing officers
Post-OfficeDepartment
Transfers
R e d e m p t i o n a n d exchange:
Gold coin
S t a n d a r d silver dollars
S u b s i d i a r y silver
U n i t e d States notes
T r e a s u r y n6tes of 1890
N a t i o n a l - b a n k notes
Gold c e r t i f i c a t e s . . .
Silver certificates
Minor coin
Total

281

4,000
2,000

...
67,500

227,142

.

Account.

RECEIPTS.
Customs
.°.
Internal revenue
Miscellaneous
Disbursing officers
Post-Office D e p a r t m e n t
Transfers
S t a n d a r d silver dollars
....
S u b s i d i a r y silver
Minor coin
Gold certificates
R e d e m p t i o n a n d exchange".
Issues

160
20,300
34,165

71,000
1,869,875

NationalGold certffib a n k notes.
cates.

3,335,803

7,934,048

Silver certificates.

Minor coin.

26,000

Total.

$87,125

$367

$6,682,788

93,130
1,794,660
589,420
10,962,910

2,402
2,121
4,023
10,732

1,059,510
10,310

1,463,800
15,030

16,466
63,704
.80,670
4,484,373
1,615,709
450,246
71,070

241,157
3,403,930
• 1,268,854
24,735,761
1,616,000
3,320,615
103,580

1,186,250
50,000

4,701,076

121,480

13,041,675
50,000

7,372,325

Total

$5,717,120
$50,630
887,690
321,690
5,042,495

21,872,320

11,570,439

141,125

54,464,360

1,390,742
1,118,161
360,677
3,799,000

2,461,993
7,046,690
1,856,763
8,084,000

66,008
1,087,540
35,206
5,188,000

140
71,845
136
106,550

5,088,266
11,894,573
2,733,640
23,880,468

510,794
932,500
493,270
84,950
2,900

13,064
1,053,000
15,350
7,000
9,325

7

24,000
1,569,860
46,100

555,102
2,057,500
2,850,440
1,563,100
12,225

1,000
5,000
78,585

1,115,990
758,720
8,540

2,500
3,837,406
170

8,393,125

23,357,110

11,314,569

DISBURSEMENTS.
W a r r a n t s a n d checks
Disbursing officers
Post-Office D e p a r t m e n t
Transfers
..
R e d e m p t i o n a n d exchange:
Gold c o i n . . . .
S t a n d a r d silver dollars
S u b s i d i a r y silver
IJnited States notes
T r e a s u r y notes of 1890
N a t i o n a l - b a n k notes
Gold certificates
Silver certificates
Minor coin
Total




1,187,150
4,692,426
121,460
178,678

56,636,350

182

REPORT ON T H E FINANCES.

N o . 1 4 . — R E C E I P T S AND DISBURSEMENTS OF EACH K I N D OF M O N E Y ON ALL A C COUNTS AT THE SUBTREASURY IN SAN FRANCISCO FOR THE FISCAL Y E A R 1909.

Account.

Gold coin.

Standard
silver
dollars.

Subsidiary
silver.

United
States
notes.

Treasury
notes.

RECEIPTS.

$6,389,955

$8,286

$11,287

$161

1,093
11,821
40,657
27,015

40,672
53,089
54,628
58,116

2,580
824
10,606
202,739

111
247

1,229,769

2,577,684

5,000

3,488,560

. . .

$7,466

471,071
1,298,331
4,049,061
45,817,251
127,800
3,125,975
122,375
3,740,000
4,027,415

386

285

72,657,794

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

1,318,207

2,792,760

671,740

790
128,890
703
3,166,414

•

15

ISSUPS

Special customs deposit
Total

233,036

' 534

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

3,697,605
51,846,045
2,946,495 •
2,206,846

'.

•...

67,444,786
Nationalbank notes.

Account.

2,000
5,000
131,700

500

1,175,042
2,562,684
5,000
2,902,500
15,500
87,069

Total

129,800

.
'
802,040
Gold certificates.

3,296,797

136,700

Silver certificates.

Minor com.

2,000

Total.

RECEIPTS.

-. .

$116,040
$42,635
22,910
32,010
1,724,707

1,822,262

Total.

$16,316

11,940
11,320
28,260
4,660,580

1,609
831
25,407
373,798

204
197
3,814
26,053

2,902,500
3,740,000

Customs
.
Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
Transfers
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates
'
"Redeniption and exchange
Issues
Special customs deposit

15,500

87,069
35

571,819
1,399,323
4,244,554
52,890,506
127,800
3,125,975
122,375
3,740,000
10,844,937
3,740,000
3,489,266

11,470,640

433,461

117,767

90,846,461

$395 $6,549,906

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 certfficates
Silver certfficates
Minor coin
Total




10,588
105,000

4,583,000

299,000

845,795

6,756,920

12 3,698,407
22,095 52,679,358
10 2,947,208
118,270 10,615,330

32,500
24,727

7,767,415
1,199,769
2,562,684
5,000
2,902,500
15,500
87,069

.950,795

11,339,920

366,816

140,387

84,480,240

183

TREASUBEB.

N o . 1 5 . — T O T A L RECEIPTS AND DISBURSEMENTS OP EACH K I N D OF MONEY ON ALL
ACCOUNTS AT THE T R E A S U R Y OFFICES FOR THE FISCAL Y E A R

Gold coin. Standard sil- Subsidiary
silver.
ver dollars.

Account.

1909.

United
Treasury
States notes. notes.

RECEIPTS.

Customs
Internal revenue
Miscellaneous
Disbursing officers.
Post-Office Department
Transfers
Standard silver dollars
Subsidiary silver
Minor coin
Gold certificates
Redemption and exchange
Special customs deposit
Issues
Gold bars
Total

:

^

...

$7,865,548
1,190
735,135
1,546,485
4,378,753
50,627,266
127,800
3,133,775
122,825
12,560,000
52,318,764
3,488,560

$102,236
47,694
54,287
70,507
1,610,467

$14,042 $35,354,510
36
1,030
110,555
1,235,086
119,459
7,014,967
82,046
5,121,926
1,418,314 274,444,080

$3,962
30
4,642
18,794
16,172
778 760
114,521
1,375
186

3,203

10,375,388
1,076,145

23,488,604
386

66,323,687
1,222

124,442,786
18,147
132,940,000

324,869

136,906,101

25,374,181

58,072,564

592,024,065

1,263,310

4,616,123
57,140,507
3,206,145
4,315,012

1,840
815,121
1,988
13,202,534

6,965
1,079,430
13,691
32,892,348

13,908,479
63,063,882
8,739,616
165,609,924

502,196

384,536
1,180,542
2,912,684
4,719,057
635
90
89,028,779
138,716
87,069

2,584
498

105,266
29,995
5,945
6,933,745
2,658
3,598,563
11,111,997
2,978,162
201
124

1,172,672
186,615
14,078,100
84,344,441
25,199
44,385,498
1,875,845
14,384,961
2,085,978
45,358,048
132,940,000

767,000

58,758,090

592,159,258

1,269,196

DISBURSEMENTS.

Warrants and checks
Disbursing officers
Post-Office Department
Transfers
Redemption and exchange:
Gold coin ..
Standard silver dollars
Subsidiary silver
United States notes
Treavsury notes of 1890
National-bank notes
Gold certificates
Silver certificates
Minor coin
Clearing-house balances..
Redemption and destruction
Total

167,729,895
Account.

5,531
367
20,308
6,803,752

20,854,523

National- Gold certifi- Silver certifi- Minor coin.
bank notes.
cates.
cates.

Total.

RECEIPTS.

Customs
*.. Internal revenue
Miscellaneous
Disbursing officers
Post-Office Department
Transfers...:
Standard silver dollars
Subsidiary silver
Minor coin...
Gold certificates
Redemption and exchange.
Special customs deposit
Issues
Gold bars
Total-

$211,928,955
$12,890
23,900
360,287
38,520,881
12,370,188 102,502,472
5,646,900 24,778,788
148,535,105 1,012,959,512
1,700
56,760
6,497,860 12,141,146
414,407
1,475,163

$19,791,945
19,607
1,097,876
9,084,978
5,676,254
414,063,743
11,562,739
3,876,718
703,567

366,513,695
400,438,200
291,720,000
36,358,926

330,139,743
559,795
336,860,000

382,419,247

556,258,584 2,499,418,388 1,133,436,965

$1,388 $275; 062,586
4
58,687
42, 119,965
7,809
132, 716,936
5,306
10,001
45, 781,347
381,699 1,904, 818,946
11, 863,510
029,465
36; 792,292
12; 560,000
;, 160,401 1,344; 131,796
184 404; 506,494
761, 520,000
36; 358,926'

8,566,792 5,011,320,950

DISBURSEMENTS.

Warrants and checks
Disbursing officers
Post-Office Department
Transfers
Redemption and exchange:
Gold coin
Standard silver dollars
Subsidiary silver
United States notes...'....
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates
,
Minor coin
Clearing-house balances
Redemption and destruction.
Five per cent fund
Total-




6,053,367
19,841,771
3,190,087
61,928,120

143,122,973
984,165,246
30,209,973
343,749,083

9,194,881
42,269,022
4,068,295
342,677,393

983 176,904,611
148,000 1,168,522,979
769
49,430,564
3,276,850 968,153,459

•861,795
24,000
4,931,459
69,100

62,016,433
1,685,480
6,379,601
15,265,480
30,770
26,123,715
255,720,130
51,544,340
1,116,394
317,345,750
261,892,000

203,777
20,021,053
27,254,661
11,592,037
265,305
88,014,758
6,241,472
253,154,613
4,240,993
1,133
326,796,000

59,981
5,265
6
1,384,618
2,358
668,895
2,554,084
882,283
809
13

7,000
3,000
165,920
576,681
89,562,083
411,607,600

598,811,983 2,500,367,368 1,135,995,393

64,807,044
23,133,448
55,562,456
124,314,009
326,925
162,798,886
366,555,615
330,042,747
8,108,125
362,705,068
811,957,083
411,607,600

8,984,914 5,084,930,619

184

REPORT ON T H E FINANCES.

Wo.

1 6 . — A S S E T S AND LIABILITIES OF THE TREASURY OFFICES J U N E 30, 1909.
Washington.

Baltimore.

New York.

Philadelphia.

Boston.

ASSETS.

Gold coin
Standard silver dollars...
Subsidiary silver coin
United States notes .
Treasury notes of 1890
National bank notes
Gold certificates .
Silver certificates
Minor coin
Fractional currency
Bonds and interest paid

$9,464,073.16" $11,683,935.76 $128,935,256.00
156,573,378.00
4,065,897.00
78,268,786.00
501,914.75
4.079,014.90
1,605,466.74
2,824,426.00
160,316.00
935,372.00
479.00
5,797.00
68,155.00
66,495.00
20,645,203.88
481,070.00
15,758,940.00
2,244,920.00
681,754.00
2,185,270.00
75,746.00
354,318.89
33,35L37
176,167.20
34.00
87.25
40,250.85

Total cash assets
Unavailable.
Transfer account

195,718,904.98

Afferegate

264,860,079.02

$9,404,755.00 $14,949,798.10
5,702,250.00
775,855.00
1,394,057.69
682,517.25
71,29L00
415,650.00
402.00
318.00
74,921.00
13,056.00
970,890.00
1,705,070.00
216,989.00
274,600.00
285,399.83
134,118.07
29.02
854. 70
sii 66

17,070,952.13

229,096,017.64

18,121,839.24

18,951,796.42
3,000.00

17,070,952.13

229,096,017.64

18,121,839.24

18,954,796.42

105,758.87
1,106,804.35

2,233,584.13
25,357,694.91

100,84L74
2,688,807.20

324,397.76
2,143,083.95

18,882.75

221,555.13

4,749.29

8,834.91

69,141,174.04

LIABILITIES.

Outstanding warrants and
checks
82,301.33
Disbursing officers' balances 3,922,970.36
Post-Office Department ac046,214.40
count
Bank note 5 per cent redemption fund
24,540,250.49
Other deposit and redemp2,750,325.95
tion accounts

13,545.60

2,766,527.00

221,179.59

334,644.70

Total agency account. 31,249,633.73
Balance to credit of mints
and assay offices
Balance transfer account...
Balance general account
233,610,445.29

1,244,991.57

30,579,36L17

3,015,577.82

2,810,96L32

3,409,595.03
12,416,365.53

9,289,767.05
37,561,438.92
151,665,450.50

304,07L46
1,636,037.83
13,166,152.13

4,618,983.83
11,524,85L27

264,860,079.02

17,070,952.13

229,096,017.64

18,121,839.24

18,954,796.42

Cincinnati.

Chicago.

St. Louis.

New Orleans.

San Francisco.

Aggregate

ASSETS.

Gold coin
Standard silver dollars
Subsidiary silver coin
United States notes
Treasury notes of 1890
National-bank notes
Gold certificates
Silver certificates...
Minor coin
Fractional currency
Bonds and interest paid

$12,610,256.64 $67,518,027.55
6,680,017.00
3,075,150.00
2,271,164.00
1,221,071.00
612,645.00
171,000.00
1,670.00
'
27,915.00
800,000.00
1,165,000.00 5,012,970.00
153,807.00
454,955.00
37,543.94
91,594.66

$20,611,305.00. $8,583,053.68 $11,327,582.95
5,700,450.00 10,093,692.00 27,681,18L00
1,933,841.00
1,129,003.45
837,983.80
299,500.00
18,643.00
99,460.00
500.00
1,948.00
471.00
628,500.00
42,100.00
876,522.00
4,100,000.00
2,465,950.00
143,760.00
287,967.00
428,303.00
86,581.00
26,625.37
18,890.09
15,346.45
16.46
124.80
3.75
2,977.35

201.75

2,644.05

19,288,081.05

82,619,55L54
173,000.00

33,588,813.17
61,500.00

22,781,586.97^ 41,071,882.01
701,851.34

19,288,081.05

82,792,551.54

33,650,313.17

23,483,438.31

275,222.33
772,077.89

2,172,654.84
6,986,44L69

604,778.54
1,806,476.35

26,819.84

4,399.68

o 26,362.81

18,667.40

49,345.03

1,082,840.01

145,291.09

• 45,608. 67

70,287.19

Total agency account. 1,123,465.09 10,246,336.22
Balance to credit of mints
316,825.88
and assay offices
4,837,339.32
3,302,303.00
Balance transfer account
14,862,312.96 67,392,050.12
Balance general account
Aggregate..
19,288,08L05 82,792,551.54

2,530,183.17

1,457,204.43

5,014,227.04

Total cash assets
Unavailable..
Aggregate. .

41,071,882.01

LIABILITIES.

Outstanding warrants and
checks
Disbursing officers' balances
Post-Office Department account
Other deposit and redemption accounts




a Overdraft.

282,275.50
1,099,657.21
1,110,652.86 "3,808,445.72
35,836.92

44,589.92
7,012,482.47
24,063,057.61

11,899,96 3,884,143.62
1,888,469. 21 4,874,524.43
20,125,864.71 27,298,987.02

33,650,313.17

23,483,438.31 41,071,882.01

185

TREASURER.

No.

1 7 . — A S S E T S , OF THE TREASURY I N THE CUSTODY OF MINTS AND ASSAY
OFFICES J U N E 30, 1909.
Boise City.

Carson City.

Charlotte.

Dahlonega.

Deadwood.

BULLION FUND-

Gold coin
Gold bullion
Standard silver dollars
Subsidary silver coin
Silver bullion
United States notes
Gold certificates
Minor coin
Balance in subtreasuries and
national banks

$37,63.0,40

552.66

$55,350.97
68,879.26

$28,472.86

3,970.00
1,489.16

.75

$24,851.94

62,921.78

328,897.58
75,549.75

24,851.94
32,000.00

$27,950.03

91,394.64

69,613.45

Aggregate

199,208.12

69,613.45

Total available...
Unavailable

.07

31,380.30

404,447.33

56,851.94

27,950.03

Denver.

. Helena.

Salt Lake City.

Seattle.

91,394.64
St. Louis.

BULLION FUND.
•

$363,018,870.00
Gold coin
Gold bullion
4,974,794.29
Standard silver- dollars
Subsidiary silver coin
4,517,393.00
119,463.38
Silver bullion
United States notes . . .
11,630.00
Gold certificates
196.94
Minor coin
Balance in subtreasuries and
national banks
<>

$86,262.73

$76,711.92 $2,594,091.64

$52,107.82
18.71

196,918.13

231,363.72

1,716,579.62

44,589.92

Total available
Unavailable..

372,642,347.61

283,180.86

308,075.64

4,310,671.26

96,716.45

Aggregate

372,642,347. 61

283,180.86

308,075.64

4,310,671.26

96,716.45

Philadelphia.

San Francisco. New Orleans. New York.

Total.

BULLION FUND.

Gold coin
. . . $309,873,177.00
Gold bullion
16,671,110.89
106,693,926.00
Standard silver dollars
2,223,189.70
Subsidiary silver coin
2,980,839.49
Silver bullion
United States notes
19,020.00
Gold certificates
.04
Minor coin
Balance in subtreasuries and
.186,390.30
national banks

$5,837,480.00 $1,670,926.21
31,818,224.15 2,759,100.66
61,403,588.00 29,574,649.00
564,403.61 4, 111, 685.00
55,242.85
898,776.66
13,021.00
.85
7,805,370.47

11,899.96

$98.60 $680,455,902.78
7,967,658.78 67,135,095.40
197,672,163.00
11,420,641.31
4,242,393.06
i86,562. si
4,173.00
17,746.00
30,650.00
198.80
.is
3,538,917.88

14,050,392.14

438,647,653.42 108,327,842.89 38,196,525.53 11,697,411.22 975,025,182.49
13,543.82
562,601.56
413,557.96
77.93
2,751.43
2,673.50

Total available
Unavailable
Loss on recoinage

Aggregate bullion fund.. 438,661,275.17 108,744,074.35 38,196,525.53 11,697,411.22 975,590,535.48
MINOR COIN AND METAL FUND.
•

Gold coin
Gold certificates..
Silver certificates
Minor coin
Aggregate assets

...

160,000.00
1,433,738.67

25,260.00

25,260.00
160,000.00

140.00

1,133,878.67

440,255,013.84 108,769,474.35 38,196,525.53 11,697,411.22 977,209,674.15




186

REPORT ON T H E EINANCES.

No.

1 § . — G E N E R A L DISTRIBUTION O F T H E ASSETS AND LIABILITIES OF THE
T R E A S U R Y J U N E 30,

Treasury
offices.

1909.

Mints and National-bank
assay offices. and other depositaries.

In transit.

Total.

ASSETS.

$975,569.205.62
Gold coin
' $296,088,042.84 $680,481,162.78
67,135,095.40
67,135,095.40
Gold bullion
496,288,819.00
298,616,656.00 197,672,163.00
Standard silver dollars
$71. 63 27,076,747.52
Subsidiary silver coin
15,656,034.58 11,420,64L31
4,242,393.06
4,242,393.06
Silver bullion
936,700.00
17,746.00
6,562,749.00
6,608,303.00
United States notes
11,585.00
11,585.00
Treasury notes of 1890
1,138,400.00
24,381,267. 88
23,242,867.88
National-bank notes
3,507,200.00 37,746,420.00
190,650.00
34,048,570.00
Gold certificates
1,850,704.00
6,696,676.00
Silver certificates
4,845,972.00
1,434,077.47
2,607,433.34
Minor coin
1,173,355.87
Fractional currencv
79.48
79.48
Deposits in national banks,
$74,433,679.59
74,433,679.69
etc
704.10
17,958.60
18,662.60
Bonds and interest paid
Total available assets.. 678,309,425.15 962,593,929.02
939,35L34
562,601.56
Unavailable
2,75L43
Unpaid loss on recoinage
Balance in subtreasuries and
14,050,392.14
national banks
•69,141,174.04
Transfer account . . .
Aggregate

748,389,950.53 977,209,674.15

74,433,679.59 7,433,779.73 1,722,770,813.49
382.80
218,463.55
1,720,799.25
2,751.43
197,229.69

14,247,621.83
69,141,174.04

74,652,143.14 7,631,392.22 1,807,883,160.04

LLA.BILITIES.

Outstanding warrants and
checks
Disbursing officers' balances.
Post-Office Department account
Bank-note 5 per cent re• demption account
Other deposit and redemption accounts
'

7,281,472.25
49,703,456.28

1,432,027.18
12,646,845.02

267,168.71

6,356.50

342,525.21

X 000.00

24,540,250.49

24,540,250.49
7,479,594.83

1,588,346.13

Total agency account.. 89,271,94L56
Balance to credit of mints
and assay offices.. .
13,851,297.79
Balance of transfer account.. 69,141,174.04
576,125,537.14 977,209,674.15
Balance general account
Aggregate

8,713,499.43
S2,350,300.30

748,389,950.53 977,209,674.15

9,067,940.96

14,084,228.70 1,658,346.13 ' 105,014,516.39
396,324.04
14,247,621.83
69,141,174.04
60,171,590.40 5,973,046.09 1,619,479,847.78
74,652,143.14 7,631,392.22 1,807,883,160.04

N o . 1 9 . — D I S T R I B U T I O N OF THE G E N E R A L T R E A S U R Y BALANCE J U N E 30,

Location.

Washington
Baltim ore
New York
,
Philadelphia
Boston
Cinciimati
Chicago
St. Louis
New Orleans
San Francisco
Mints and assay offices
National banks
Treasury of Philippine Islands...
United States depositaries (old).,
In transit
Total Treasurer's books.,
On deposit with States
Total Treasury balance..




Treasurer's general account.

Receipts not
covered by
warrants.

$233,610,445.29
12,416,365.63
151,665,450.50
13,166,152.13
11,524,851.27
14,862,312.96
67,392,050.12
24,003,057.61
20,125,864.71
27,298,987.02
977,209,674.15
60,140,584.18
27,304.05
3,702.17
6,973,046.09

$37,114.05
11,949.44
80,799.27
6,723.90
61,347.05
2,704.69
9,657.44
9,965.70
17,714.78
167,433.22

1,619,479,847.78

716,774.19

307,125.68
14,238.97

1909.

Balance as shown
by warrants.

$233,573 331.24
12,404,416.09
151,584,651.23
13,159;428.23
11.473,504.22
608.27
14; 859:
67,382: 392.68
24,053 091.91
20,108: 149.93
27,131 553.80
977,209: 674.15
59,833: 458.50
13: 065.08
3 702.17
5,973 046.09
1,618,763,073.59
28,101,644.91
1,646,864,718.50

187.

TEEASUEEE.
No.

2 0 . — A V A I L A B L E ASSETS AND N E T LIABILITIES OF THE TREASURY AT THE
CLOSE OF J U N E , 1908 AND 1909.
June 30,1908.

June 30,1909.

ASSETS.

Gold—Coin
Bullion
Silver—Dollars
Subsidiary coin
Bullion

$975,569,205.62
67,135,095.40

$921,924,518.03
82,964,164.15

.

491,931,155.00
23,177,617.98
6,096,247.10

. .

7,284,694.00
18,470.00
66,685,237.00
39,947,250.00
9,071,295.00

Paper—United States notes
Treasury notes of 1896
National-bank notes
Gold certificates
Silver certificates
Other—Minor coin
Fractional currency
Deposits in national banks, etc
Bonds and interest paid

3,164,306.36
141.34
162,328,065.86
33,220.91

$1,004,888,682.18

621,205,020.08

123,006,946.00

496,288,819.00
27,076,747.52
4,242,393.06
6,562,749.00
11,585.00
24,381,267.88
37,746,420.00
6,696,676.00
2,607,433.34
79.48
74,433,679.59
18,662.60

$1,042,704,301.02

527,607,959.68

75,398,697.88

165,625,734.47

77,059,856.01

1,814,626,382.73

Aggregate

1,722,770,813.49

LIABILITIES.

Agency account:
Outstanding warrants and checks..
Disbursing officers' balances
Post-Office Department account...
Bank-note 5 per cent redemption
fund
•
Other deposit and redemption accounts
General account:
Gold certificates. .
Silver certificates
Treasury notes of 1890
Reserve fund
Balance

12,196,420.68
65,933,578.31
6,799,639.31
22,922,955.48

24,540,250.49

9,346,572.32

822,923,869.00
474,350,000.00
4,982,000.00
150,000,000.00
. . . 245,171,347.73

Aggregate
No,

8,713,499.43
62,350,300.30
342,525.21

•117,199,166.00

1,697,427,216.73

9,067,940.96
852,751,869.00
484,414,000.00
4,215,000.00
150,000,000.00
126,375,428.10

1,814,626,382.73

106,014,516.39

1,617,756,297.10
1,722,770,813.49

2 1 . — A S S E T S AND LIABILITIES OF THE TREASURY IN E X C E S S OF CERTIFICATES
AND TREASURY N O T E S AT THE CLOSE OF J U N E , 1908 AND 1909.
June 30,1908.

June 30,1909.

$221,912,063.18
27,766,697.10
23,177,617.98
7,284,694.00
18,470.00
66,685,237.00
3,164,306.36
141.34
162,328,065.86
33,220.91

$227,698,852.02
18,598,888.06
27,076,747.52
6,562,749.00
11,585.00
24,381,267.88
2,607,433.34
79.48
74,433,679.69
18,662.60

612,370,513.73

381,389,944.49

117,199,166.00
150,000,000.00
245,171,347.73

105,014,516.39
150,000,000.00
126,375,428.10

612,370,613.73

381,389,944.49

ASSETS.

Gold coin and bullion
Silver dollars and bulhon
Subsidiary silver
United States notes
Treasury notes of 1890
National-bank notes
Minor coin
Fractional currency
Deposits in national banks, etc
Bonds and interest paid
Total

,
LIABILITIES,

Agency account
Reserve fund
Available cash balance
Total




188

REPORT ON T H E FINANCES.

N o . 22.—^UNAVAILABLE F U N D S OF THE G E N E R A L T R E A S U R Y AND POST-OFFICB
DEPARTMENT J U N E 30, 1909.
GENERAL TREASURY.

On deposit with the following States under the act of June 23,1836:
Maine
NewHampshire
Vermont
Massachusetts
Connecticut
Rhodelsland
NewYork
I...'.
Pennsylvania
NewJersey
Ohio
Indiana
Illinois....
Michigan
Delaware
Maryland
Virginia
:
North Carolina
South Carolina
,
Georgia
Alabama
...:
Louisiana
Mississippi
Tennessee
Kentucky
:
Missouri
:
Arkansas
.•
Total on deposit with the States..

$955,838.25
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

,

$28,101,644.91

Deficits and defalcations.
Subtreasuries:
Defalcation, subtreasury United States, New Orleans, 1867,
May and Whitaker
$675,325.22
Defalcation, subtreasury United States, New Orleans, 1867,
May property
6,566.31
Deficit, subtreasury United States, New Orleans, 1885
20,959.81
Deficit, subtreasury United States, New Orleans, 1886
328.80
Deficit, subtreasury United States, St. Louis, 1906
61,500.00
Deficit, subtreasury United States, Chicago, 1907
173,000.00
Deficit, subtreasury United States, Boston, 1907
3,000.00
Mints and assay offices:
Deficits and defalcations, mint United States, San Francisco, 1857 t o 1869
413,557.96
Defalcation, mint United States, Dahlonega, 1861
27,950.03
Defalcation, mint United States, Charlotte, 1861
32,000.00
Deficit, mint United States, Carson City, 1894
.75,649.75
Deficit, mint United States, Philadelphia, 1893
13,621.75
Deficit, mint United States, New Orleans, 1886
54.00
National-bank depositaries:
Failure, Venango National Bank of Franklin, Pa., 1866
181,377.51
Failure, First National Bank of Selma, Ala., 1867
33,383.87
.
Depositaries United States:
Defalcation, depositary United States, Galveston, 1861
778.66
Defalcation, depositary United States,.Baltimore, 1866
•.
647.60
Defalcation, depositary United States, Pittsburg, 1867
2,126.11
Deficit, depositary United States, Santa Fe, 1866, short in
remittance
249.90

939,680.14

662,733.49

214,761.38

3,702.17

Total deficits and defalcations
Total general Treasury

1,720,877. IS
1

Post-Office Department:
Defalcation, subtreasury United States, New Orleans, I861
Defalcation, depositary United States, Savannah, 1861
J Defalcation, depositary United States, Galveston, 1861
Defalcation, depositary United States, Little Rock, 1861
Aggregate




29,822,622.09

31,164.44
205.76
83.36
5,823.60
:

37,277.06
29,869,799.15

189

TEEASUEEE.

N o . 2 3 . — E S T I M A T E D STOCK OF GOLD COIN AND B U L L I O N , THE AMOUNT I N THE
T R E A S U R Y , AND THE AMOUNT I N CIRCULATION AT THE E N D OF EACH M O N T H ,
FROM J A N U A R Y , 1902.

Month.
1902—January:
Estimated stock
I n the Treasury.
Incirculation...
February:
Estimated stock.
In the Treasury.
In circulation...
March:
Estimated stock.
In the Treasury.
Incirculation
April:
Estimated stock.
I n the Treasury.
Incirculation...
May:
Estimated stock
In the Treasury.
Incirculation...
June:
Estimated stock.
In the Treasury.
Incirculation...
July:
Estimated stock.
In the Treasury.
Incirculation
August:
Estimated stock,
In the Treasury.
Incirculation
September:
Estimated stock,
In the Treasury.
In circulation...
October:
Estimated stock.
In the Treasury.
Incirculation
November:
Estimated stock.
In the Treasury.
Incirculation
December:
Estimated stock.
In the Treasury.
In circulation
1903—January:
Estimated stock.
In the Treasury.
In circulation...
February:
Estimated stock.
I n the Treasury.
Incirculation...
March:
Estimated stock.
In the Treasury.
In circulation...
April:
Estimated stock,
In t h e T r e a s u r y .
In circulation...
May:
Estimated stock.
In the Treasury.
In circulation...
June:
Estimated stock.
In the Treasury.
Incirculation...
July:
Estimated stock
In the Treasury.
Incirculation...
August:
Estimated stock
I n the Treasury.
Incirculation...




Gold coin.

Gold bullion.

Total.

$1,057,145,188
422,411,341
634,733,847

$124,133,899
124,133,899

$1,181,279,087
546,546,240
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
633,454,586

1,063,358,703
428,163,942
635,194,761

115,182,087
115,182,087

1,178,540,790
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

1,080,110,347
455,382,287
624,728,060

135,124,538
135,124,538

1,215,234,886
590,506,826
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
623,818,560
629,023,915

1,102,028,942
476,766,287
625,262,655

156,017,539
156,017,539

1,258,046,481
632,783,826
625,262,666

1,107,346,286
485,343,888
622,002,398

154,396,915
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

1,261,445,124
637,463,115
623,982,009

1,092,041,185
474,780,446
617,260,739

156,640,343
156,640,343

1,248,681,528
631,420,789
617,260,739

1,095,300,467
474,420,677
620,879,790

160,448,601
160,448,601

1,255,749,068
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
620,376,169

•

1,203,511,751
571,302,633
632,209,118

19.0

REPORT ON T H E FINANCES.

No» 2 3 . — E S T I M A T E D STOCK OF GOLD COIN AND BULLION, T H E AMOUNT I N T H E
T R E A S U R Y , AND T H E AMOUNT I N CIRCULATION AT T H E E N D OF EACH M O N T H ,
FROM JANUARY, 1902—Continued.

Month.
1903—September:
Estimated stock.
In the Treasury.
Incirculation
October:
Estimated stock.
In the Treasury.
Incirculation
November:
Estimated stock.
I n t h e Treasury.
Incirculation
December:
Estimated stock.
I n t h e Treasury.
Incirculation
1904—January:
Estimated stock.
I n t h e Treasury.
Incirculation
February:
Estimated stock.
In the Treasury.
Incirculation
March:
Estimated stock,
I n t h e Treasury.
Incirculation
April:
Estimated stock.
In the Treasury.
Incirculation
May:
Estimated stock.
In the Treasury.
Incirculation...
June:
Estimated stock.
In the Treasury.
Incirculation...
July:
Estimated stock.
In the Treasury.
Incirculation...
August:
Estimated stock
I n t h e Treasury.
Incirculation...
September:
Estimated stock.
I n the Treasury.
Incirculation...
October:
Estimated stock.
In the Treasury.
Incirculation
November:
Estimated stock.
In the Treasury.
Incirculation
December:
Estimated stock.
In the Treasury.
Incirculation
1905—January:
Estimated stock.
In the Treasury.
Incirculation
February:
Estimated stock,
I n t h e Treasury.
Incirculation
March:
Estimated stock.
I n the Treasury.
Incirculation
April:
Estimated stock.
I n the Treasury..
Incirculation...




Gold coin.

Gold bullion.

Total.

$1,094, 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, 753,297

192,071,603
192,071,603

1,282,291,903
660,538,606
621,753,297

1,099,437,060
472, 411,968
627, 025,092

198,670,676
198,670,676

1,298,107,736
671,082,644
627,025,092

1,109,204,766
481,234,233
627, 970,533

205,417,758
205,417,758

1,314,622,524
686,651,991
627,970,533

1,111,496,883
483, 591,028
627; 905,855

215,344,672
215,344,672

1,326,841,655
698,935,700
627,905,856

1,146; 914,400
608,004,690
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
650,924,710

660,256
583, 500,838
656, 159,418

112,324,321
112,324,321

1,351,984,577
695,825,159
656,159,418

1,270, 165,981
625,271,433
644,894,548

42,954,887
42,954,887

1,313,120,868
668,226,320
644,894,648

1,285,080,291
639,262,715
645,817,576

42,676,107
42,676,107

1,327,656,398
681,838,822
645,817,676 .

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

1,349,896,565
703,231,753
646,664,812

1,284,554,125
642,709,262
641,844,863

66,901,843
66,901,843

1,351,455,968
709,611,105
641,844,863

1,314,683,906
672,790,813
641,793,093

48.463.175
48.463.176

1,363,047,081
721,253,988
641,793,093

1,305,440,609
657,940,060
647,500,649

46,975,024
46,975,024

1,351,415,633
703,915,084
647,500,649

1,297,139,999
647,691,471
649,548,628

48,812,536
48,812,536

1,345,952,536
696,404,007
649,548,628

1,294,196,377
644,667,876
649,527,602

47,011,075
47,011,075

1,341,206,462
691,678,950
649,527,602

1,286,600,046
640,848,326
646,751,720

44,565,674
44,565,674

1,331,166,720
685,414,000°
646,751,720

1,291,997,470
647,270,924
644,726,546

46,277,076
46,277,076

1,338,274,546
693,648,000
644,726,546

1,292,171,106
647,747,895
644,423,211

51,726,053
51,726,063

1,343,897,159
699,473,948
644,423; 211

191

TEEASUEEE.
N o . 23.—ESTIMATED

STOCK OF GOLD COIN AND BULLION, THE AMOUNT I N T H E

T R E A S U R Y , AND THE AMOUNT I N CIRCULATION AT THE E N D OP EACH

MONTH,

FROM JANUARY, 1902—Continued.
Month.
1906—May:
Estimated stock.
In the Treasury.
Incirculation
June:
Estimated stock.
I n t h e Treasury.
Incirculation
July:
Estimated stock.
In the Treasury.,
Incirculation
August:
Estimated stock.
In the Treasury..
In circulation
September:
Estimated stock.
In the Treasury.
Incirculation
October:
Estimated stock,
I n t h e Treasury.
Incirculation
November:
Estimated stock.
In the Treasury.
Incirculation
December:
Estimated stock.
In the Treasury.
In circulation
1906—January:
Estimated stock.
In the Treasury.
In circulation
February:
Estimated stock,
I n t h e Treasury.
Incirculation...
March:
Estimated stock
I n t h e Treasury.
Incirculation...
April:
Estimated stock
In the Treasury.
Incirculation...
May:
Estimated stock
In the Treasury.
Incirculation...
June:
Estimated stock
In the Treasury.
Incirculation...
July:
Estimated stock
In the Treasury.
Incirculation...
August:
Estimated stock
In the Treasury.
Incirculation...
September:
Estimated stock
In the Treasury.
Incirculation...
October:
Estimated stock
I n t h e Treasury.
Incirculation...
November:
Estimated stock
I n t h e Treasury.
Incirculation...
December:
Estimated stock
In the Treasury.
Incirculation...




Gold coin.

Gold bulhon.

Total.

$1,296,649,290
645,670,182
650,979,108

$65,413,738
55,413,738

$1,352,063,028
701,083,920
650,979,108

1,305,960,157
654,896,668
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

61,065,605
61,065,505

1,368,427,343
717,810,763
650,616,680

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

1,314,607,078
662,176,943
652,330,135

72,760,850
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

1,404,686,616
753,041,618
651,644,998

1,315,607,291
666,566,901
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
648,856,052

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
90,637,659

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
668,655,075

107,094,714
107,094,714

1,475,706,765
807,051,690
668,655,076

1,376,804,530
700,824,869
675,979,661

118,801,964
118,801,964

1,495,606,494
819,626,833
675,979,661

1,383,961,942
707,782,428
676,179,514

123,541,907
123,541,907

1,507,503,849
831,324,336
676,179,514

. 1,410,506,914
726,238,840
684,268,074

129,333,864
129,333,864

1,539,840,778
855,572,704
684,268,074

1,421,400,284
733,713,523
687,686,761

145,218,847
145,218,847

1,566,619,131
878,932,370
687,686,761

1,429,009,743
743,035,321
686,974,422

147,889,169
147,889,169

1,576,898,912
890,924,490
685,974,422

1,431,146,681
738,623,017
692,623,564

166,871,804
156,871,804

1,587,018,385
894,394,821
692,623,664

192

REPORT ON T H E FINANCES.

N o . 2 3 . — E S T I M A T E D STOCK OF GOLD COIN AND BULLION, T H E AMOUNT I N T H E
T R E A S U R Y , AND T H E AMOUNT I N CIRCULATION AT T H E E N D OF EACH M O N T H ,
FROM JANUARY, 1902—Continued.

Month.
1907—January:
Estimated stock.
I n t h e Treasury.
Incirculation...
February:
Estimated stock,
I n the Treasury.
In circ ulation i . .
March:
Estimated stock.
I n the Treasury.
Incirculation...
April:
Estimated stock.
I n the Treasury.
Incirculation...
May:
Estimated stock
I n t h e TreasuryIncirculation...
June:
Estimated stock.
I n the Treasury.
Incirculation...
July:
Estimated stock
In the Treasury.
Incirculation...
August:
Estimated stock
I n the Treasury.
Incirculation...
September:
Estimated stock
In the Treasury.
Incirculation...
October:
Estimated stock.
In the Treasury.
Incirculation
November:
Estimated stock.
In the Treasury.
Incirculation
December:
Estimated stock.
In the Treasury.
In circulation
1908—January:
Estimated stock.
In the Treasury.
Incirculation
February:
Estimated stock.
In the Treasury..
Incirculation
March:
Estimated stock.
In the Treasury.
Incirculation
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.,
Incirculation
August:
Estimated stock.
I n t h e Treasury..
Incirculation




Gold coin.

$1,440,249,298
744,709,457
695,539,841

Gold bulhon.

$157,J
157, J

Total.

$1,598,116,107
* 902,576,266
695,539,841

1,450,890,495
757,994,683
692,895,812

154,081,932
154,081,932

1,604,972,427
912,076,615
692,895,812

1,455,993,997
765,554,788
690,439,279

155,379,753
155,379,753

1,611,373,750
920,934,471
690,439,279

1,459,633,919
768,152,450
691,481,469

158,259,822
158,259,822

1,617,893,741
926,412,272
691,481,469

1,465,182,901
769,502,643
695,680,258

153,953,990
153,953,990

1,619,136,891
923,456,633
695,680,268

1,328,768,271
767,070,900
661,697,371

137,620,830
137,620,830

1,466,389,101
904,691,730
561,697,371

1,331,818,653
765,781,928
666,036,725

142,350,085
142,350,085

1,474,168,738
908,132,013
566,036,726

1,355,653,562
795,296,568
560,356,994

116,909,766
116,909,766

1,472,563,328
912,206,334
560,356,994

1,359,927,431
797,970,842
661,956,589

123,042,279
123,042,279

1,482,969,710
921,013,121
561,966,689.

1,368,668,660
794,209,574
574,459,086,

121,074,185
121,074,185

1,489,742,845
915,283,759
574,459,086

1,420,804,115
780,226,163
640,577,952

140,910,604
140,910,604

1,561,714,719
921,136,767
640,577,952

1,438,276,003
789,702,830
648,573,173

166,254,490
166,254,490

1,604,530,493
955,957,320
648,573,173

1,463,'271,296
821,775,200
641,496,096

165,329,279
165,329,279

, 1,628,600,555
987,104,459
641,496,096

1,483,613,475
849,809,418
633,804,057

152,234,999
152,234,999

1,635,848,474
1,002,044,417
633,804,057

1,501,092,789
871,360,084
629,732,705

141,472,825
141,472,825

1,642,565,614
1,012,832,909
629,732,705

1,527,262,767
899,093,879
628,168,888

112,004,617
112,004,617

1,639,267,384
1,011,098,496
628,168,888

1,538,405,225
919,784,464
618,620,761

77,608,708
77,608,708

1,616,013,933
997,393,172
• 618,620,761

1,535,169,328
921,924,518
613,244,810

82,964,164
82,964,164

1,618,133,492
1,004,888,682
613,244,810

1,536,611,207
920,822,931
615,788,276

93,688,682
93,688,682

1,630,299,889
1,014,511,613
615,788,276

1,638,216,009
918,225,7,46
619,990,263

103,342,939
103,342,939

1,641,558,948
1,021,568,685
619,990,263

193

TEEASUEEE.
N o . 23.—ESTIMATED

STOCK OF GOLD COIN AND BULLION, T H E AMOUNT IN THE

T R E A S U R Y , AND T H E AMOUNT IN CIRCULATION AT THE E N D OF EACH

MONTH,

FROM JANUARY, 1902—Continued.
Gold coin.
1908—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...
1909—January:
Estiraated stock
In the Treasury.
In circulation...
February:
Estimated stock.
In the Treasury.
Incirculation...
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 the Treasury.
In circulation...
July:
Estimated stock
In the Treasury.
In circulation...
August:
Estimated stock
In the Treasury.
In circulation...
September:
Estimated stock
In theTreasury.
In circulation...

13518—FI 1909-

Gold bullion.

Total.

$1,530,087,479
914,132,361
615,955,118

121,061,326
121,061,326

1,649,358,744
1,039,298,182
610,060,562

1,535,520,290
918,522,229
616,998,061

123,323,861
123,323,861

1,658,844,151
l,04i;846.090
616,998; 061

1,541,657,483
922,339,642
619,317; 841

112,224,324
112,224,324

1,653,881,807
1,034,563,966
619,317,841

1,538,476,008
932,531,108
605,944,900

110,553,295
110,553,295

1,649,029,303
1,043,084,403
605,944,900

1,543,649,861
933,661,502
609,988,359

113,075,248
113,075,248

1,656,725,109
1,046,736,750
609,988,359

1,531,914,472
923,621,813
608,292,659

U S ; 507,584
113,507,584

1,645,422,056
1,037,129,397
608,292,659

1,557,115,972
947,826,635
609,289,337

92,373,570
92,373,570

1,649,489,542
1,040,200,205
609,289,337

1,576,806,675
971,562,999
605,243,676

68,094,058
68,094,058

1,644,900,733
1,039,657,057
605,243,676

1,574,906,904
975,569,206
.599,337,698"

67,135,095
67,135,095

1,642,041,999
1,042,704,301
599,337,698

1,563,453,111
966,646,676
596,806,435

74,358,016
74,358,016

1,637,811,127
1,041,004,692
596,806,435

1,556,714,542
968,875,785
587,838,757

79,781,241
79,781,241

1,636,495,783
1,048,657,026
587,838,757

1,563,011,877
964,568,877
598,443,000




$1,643,681,386
1,027,726,268
615,955,118

1,528,297,418
'918,236,856
610,060,562

-13

$113,593,907
113,593,907

83,821,624
83,821,624

1,646,833,501
1,048,390,501
598,443,000

194

REPORT ON T H E FINANCES.

N o . 2 4 . — E S T I M A T E D STOCK OF SILVER COIN, T H E AMOUNT IN T H E T R E A S U R Y , AND
THE AMOUNT IN CIRCULATION AT THE E N D OF EACH M O N T H , FROM JANUARY, 1902;
ALSO SILVER O T H E R T H A N STOCK H E L D IN TH]£ T R E A S U R Y .

Month.

1902—January:
Estimated stock.
In t h e T r e a s u r y .
In circulation
February:Estimated stock.
In t h e T r e a s u r y .
In circulation...
March:
Estimated stock.
In the Treasury.
Incirculation...
April:
Estimated stock.
In the Treasury.
In circulation...
May:
Estimated stock.
In the Treasury.
In circulation...
June:
Estimated stock.
I n 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.
In circulation...
N ovember:
Estimated stock.
In the Treasury.
In circulation...
December:
E stimated 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 the Treasury.
In circulation...
April:
Estimated stock.
. In the Treasury.
I n 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.
I n t h e Treasury.
'
J n eirculation...




Standard
doUars.

Subsidiary
silver.

Other silver
items held.

$533,057,617
461,761,744
71,295,873

$92,206,926
8,364,087
83,842,839

$625,264,
470,125,
155,138,

534,606,654
465,228,132
69,378,522

92,859,794
9,418,003
83,441,791.

627,466,
474,646,
152,820,

536,113,305
466,933,853
69,179,452

93,417,944
10,725,509
82,692,435

629,531,
477,659,
151,871,

537,603,809
468,200,479
69,403,330

95,299,190
12,444,591
82,454,599

632,902,
480,645,
151,857,

538,684,786
469,809,022
68,875,764

95,432,492
12,793,627
82,638,865

634,117,
482,602,
151,514,

540,135,200
471,387,851
68,747,349

97,183,762
11,462,534
85,721,228

637,318,
482,850,
154,468,

540,682,817
471,776,352
68,906,465

98,225,389
12,002,930
86,222,459

638,908,
483,779,
155,128,

542,363,298
471,378,623
70,984,675

97,766,461
10,351,174
87,415,287

640,129,
481,729,
158,399,

543,360,860
468,317,141
75,043,719

97,988,576
8,082,371
89,906,205

641,349,
476,399,
164,949,

545,527,822
468,010,664
77,517,158

9S,809,323
6,909,608
91,899,715

644,337,
474,920,
169,416,

547,127,022
468,426,110
78,700,912

99,511,076
6,428,213
93,082,863

646,638,
474,854,
171,783,

548,098,168
469,787,834
78,310,334

100,769,875
. 6,419,206
94,350,669

648,868,
476,207,
172,661,

549,580,553
473,742,105
75,838,448

100,528,519
8,020,705
92,506,814

650,109,
481,762,
168,445,

550,683,664
475,532,410
75,151,254

100,615,, 082
8,624,739
91,990,343

651,298,
484,157,
167,141,

551,615,317
477,138,477
74,476,840

100,786,118
8,500,673
92,285,445

652,401,
485,639,
166,762,

552,268,056
478,281,578
73,986,478

101,141,553
8,831,987
92,309,566

653,409,
487,113,
166,296,

552,876,093
479,458,884
73,417,209

101,503,440
9,636,251
91,867,189

654,379,
489,095,
165,284,

554,400,226
482,008,986
72,391,240

102,034,567
9,307,873
92,726,694

656,434,
491,316,
165,117,

555,428,503
482,860,149
72,568,354

101,679,100
9,432,720
92,246,380

657,007,
492,292,
164,814,

555,853,494
482,894,482
72,959.012

101,867,228
8,996,276
92,870,952

657,720,
491,890,
165,829,

195

TEEASUEEE.

N o . 2 4 . — E S T I M A T E D STOCK OF SILVER C O I N , , T H E AMOUNT IN THE T R E A S U R Y , AND.
THE AMOUNT I N CIRCULATION AT T H E E N D OF EACH M O N T H , FROM JANUARY, 1902;
ALSO SILVER O T H E R T H A N STOCK H E L D I N T H E TREASURY—Continued.

Month.

1903—September:
Estimated stock..
In the Treasury.'.
Incirculation
October:
Estimated stock..
In t h e T r e a s u r y . .
•Incirculation
November:
Estimated stock..
I n the T r e a s u r y . .
Incirculation
December:
Estimated stock..
I n t h e Treasury..
Incirculation
1904—January:
Estimated stock..
I n the Treasury..
Incirculation
February:
Estimated stock..
I n t h e Treasury..
Incirculation
March:
'
Estimated stock..
I n the T r e a s u r y . .
Incirculation
April:
Estimated stock..
I n t h e Treasury..
Incirculation
May:
Estimated stock..
I n t h e Treasury..
Incirculation....
June:
Estimated stock..
I n t h e Treasury..
Incirculation
July:
Estimated stock..
I n t h e Treasury..
Incirculation
August:
Estimated stock.
I n t h e Treasury..
Incirculation
September:
Estimated stock.
In the Treasury..
Incirculation
October:
Estimated stock.
In the Treasury..
Incirculation
November:
Estimated stock.
In the T r e a s u r y . .
Incirculation
-December:
Estimated stock.
I n the Treasury..
Incirculation
1905—January:
Estimated stock.
In the Treasury..
Incirculation
February:
Estimated stock.
I n t h e Treasury..
Incirculation
March:
Estimated stock.
I n t h e Treasury..
Incirculation
April: "
Estimated stock.
I n t h e Treasury..
Incirculation




Standard
dohars.

Subsidiary
silver.

Other silver
items held.

$555,886,980
479,927,497
75,959,483

$102,825,368
7,958,266
94,867,102

$658,712,348
487,885,763
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

554,7.39,235
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
81,573,223

105,938,279
8,306,926
97,631,352

660,779,768
•481,575,192
179,204,575

16,728,170

555,449,127
477,551,527
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
484,936,404
73,642,989

106,672,887
11,852,585
94,820,302

665,252,280
496,788,989
168,463,391

15,908,002

559,422,410
486,816,683
72,605,727

106,614,930
12,035,831
94,579,099

666,037,340
498,852,514
167,184,826

15,307,748

559,891,605
488,577,779
71,313,826

107,062,021
11,533,678
95,528,343

666,953,626
500,111,457
166,842,169

15,380,998

.560,244,263
489,662,702
70,581,561

106,503,340
11,926,290
94,577,050

666,747,603
501,588,992
165,158,611

14,876,180

559,495,170
487,987,441
71,507,729

108,458,972
12,464,060
95,994,732

667,954,142
500,451,501
167,502,461

14,330,134

558,851,028
482,850,778
76,000,250

110,300,314
11,460,297
98,840,017

669,151,342
494,311,075
174,840,267

14,149,579

558,677,161
479,234,038
79,443,123

110,993,172
10,585,044
100,408,128

669,670,333
489,819,082
179,851,251

14,164,024

558,434,892
477,912,010
80,522,882

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

558,342,589
482,180,839
76,161,750

112,642,674
11,563,194
101,079,480

670,985,263
493,744,033
177,241,230

13,992,413

558,393,881
484,064,162
74,329,719

113,162,870
12,947,985
100,214,885

671,556,751
497,012,147
174,544,604

13,649,991

558,221,561
484,389,788
73,831,773

113,670,338
13,915,168
99,755,170

671,891,899
498,304,956
173,586,943

13,424,307

558,228,412
484,586,657
73,641,755

114,062,988
13,995,343
100,067,645

672,291,400
498,582,000
173,709,400

'i3,*666,"606

196

REPORT ON T H E FINANCES

N o . 2 4 . — E S T I M A T E D STOCK OF SILVER COIN, T H E AMOUNT I N THE T R E A S U R Y , AND
T H E AMOUNT I N CIRCULATION AT T H E E N D OF EACH M O N T H , FROM JANUARY, 1902;
ALSO SILVER O T H E R T H A N STOCK H E L D I N THE TREASURY—Continued.

Month.

1905—May:
Estimated stock.
I n t h e Treasury.
Incirculation
June:
Estimated stock.
I n t h e Treasury.
Incirculation
July:
Estimated stock.
In the Treasury.
Incirculation
August:
Estimated stock.
In the Treasury.
• Incirculation
September:
Estimated stock.
I n t h e Treasury.
Incirculation
October:
Estimated stock.
In the Treasury.
Incirculation
November:
Estimated stock.
In the Treasury.
Incirculation
December:
Estimated stock,
I n t h e Treasury.
Incirculation
1906—January:
Estimated stock.
. In the Treasury.
Incirculation
February:
Estimated stock.
In the Treasury.
In circulation
March:
Estimated stock,
I n t h e Treasury.
Incirculation
April:
Estimated stock.
In the Treasury.
Incirculation
May:
Estimated stock.
In the Treasury.
Incirculation
June:
Estimated stock.
In the Treasury.
Incirculation....
July:
Estimated stock.
In the Treasury.
Incirculation
August:
Estimated stock,
I n t h e Treasury.
Incirculation
September:
Estimated stock.
In the Treasury.
Incirculation
October:
Estimated stock
I n t h e Treasury.
Incirculation...
November:
• Estimated stock
I n t h e Treasury.
Incirculation...
December:
Estimated stock
I n the Treasury.
I n Qircul^-tion,..




Standard
dollars. '

Subsidiary
silver.

$558,678,556
485,060,912
73,617,644

$113,977,467
13,603,978
100,473,489

$672, 656,023
498,564,890
174, 091,133

558,815,865
485,231,529
73,584,336

114,824,189
13,386,482
101,437,707

673, 640,054
498,618,011
175, 022,043

559,039,217
485,452,319
73,586,898

114,507,936
13,070,177
101,437,759

673,547,153
498,522,496
175,024,657

559,220,217
483,638,302
75,581,915

114,484,171
11,664,150
102,820,021

673, 704,388
495,302,452
178, 401,936

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

559,607,865
477,785,554
81,822,311

115,554,205
8,396,273
107,157,932

675, 162,070
486, 181,827
980,243

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

559,898,865
476,162,638
83,736,227

116,990,855
6,961,490
110,029,365

676,889,720
483, 124,128
193, 765,592

560,142,865
479,725,320
80,417,545

117,111,381
9,521,847
107,589,534

677, 254,246
489,247,167
188, 007,079

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

560,434,865
478,723,429
81,711,436

116,763,582
7,274,243
109,489,339

677, 198,447
485,997,672
191,200,775

560,567,865
480,143,809
. 80,424,056

116,919,774
7,425,109
109,494,665

677, 487,639
487,568,918
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, 496,454

560,865,530
483,864,162
77,001,368

118,224,920
6,595,416
111,629,504

679, 090,450
490, 459,578
188,630,872

561,018,855
483,903,200
77,115,655

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
116,001,510

681, 286,650
483, 622,433
197, 664,217

561,339,530
477,733,062
83,606,468

123,785,299
3,506,651
120,278,648

685;,124,829
481;,239,713
203;,885,116

561,424,530
477,212,611
84,211,919

126,154,782
3,893,072
122,261,710

687;,579,312
,105,683
481,
,473,629
206,

561,635,530
476,257,695
85,377,835

127,841,368
3,720,430
124,120,938

689,
,476,898
479;,978,125
,498,773
209,

Other silyer
items held.

197

TEEASUEEB,

N o . 2 4 . — E S T I M A T E D STOCK OF SILVER COIN, THE AMOUNT IN THE T R E A S U R Y , AND
THE AMOUNT I N CIRCULATION AT THE E N D OF E A C H M O N T H , FROM JANUARY, 1902;
ALSO SILVER O T H E R T H A N STOCK H E L D I N T H E TREASURY—Continued.

Month.

1907—January:
Estimated stock.
I n t h e Treasury..
Incirculation
February:
Estimated stock.
I n t h e Treasury..
In circulation
March:
Estimated stock.
In the Treasury..
Incirculation
April:
Estimated stock.
I n the Treasury..
In circulation....
May:
Estimated stock.
In the Treasury..
In circulation
June:
Estimated stock.
In the Treasury..
In circulation"....
July:
Estiraated stock.
In the Treasury..
Incirculation
August:
Estimated stock.
I n t h e Treasury..
In circulation
September:
Estimated stock.
I n t h e Treasury..
Incirculation
October:
Estimated stock..
In the Treasury..,
^Incirculation
November:
Estimated stock..
° In the Treasury...
In circulation
December:
Estiinated stock..
In the Treasury...
In circulation
1908—January:
Estimated stock..
In the Treasury...
Incirculation
February:
Estimated stock..
In the Treasury..
Incirculation
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 stoclc..
In the Treasury..
Incirculation
July:
Estimated stock..
In the Treasury...
In circulation
August:
Estimated stock..
In the Treasury..
In circulation




standard
dollars.

Subsidiary
silver.

$561,763,530
478,590,490
83,173,040

$127,474,478
7,066,315
120,408,163

$689,238,008
485,656,805
203,581,203

$8,109,187

561,866,530
478,948,749
82,917,781

128,134,4417,361,332
120,773,109

690,000,971
486,310,081
203,690,890

8,744,627

561,969,530
479,045,824
82,923,706

128,435,053
7,375,520
121,059,533

690,404,583
486,421,344
203,983,239

8.768,509

562,069,530
479,541,226
82,528,304

129,769,489
8,419,788
121,349,701

,839,019
487;,961,014
203;,878,005

8,720,760

562,173,530
480,089,588
82,083,942

130,779,018
• 9,052,491
121,726,527

692;,952,548
489;,142,079
203;,810,469

8,852,565

562,261,982
480,551,538
81,710,444

130,-452,218
8,674,817
121,777,401

,714,200
,226,355
203,487,845

10,028,075

562,360,530
481,104,863
81,255,667

130,836,567
8,587,949
122,248,618

,197,097
,692,812
203,504,285

10,410,249

562,464,530
480,350,162
82,114,368

131,504,478
8,385,569
123,118,909

,969,008
,735,731
205;,233,277

10,260,408

562,544,530
477,786,364
84,758,166

132,799,079
7,812,842
124,986,237

695.,343,609
485;,599,206
,744,403

9,374,258

562,636,982
473,814,023
88,822,959

134,122,602
6,661,373
127,461,229

696, 759,584
480, 475,396
216,284,188

8,925,446

562,703,982
471,724,433
90,979,549

136,201,145
3,221,533
132,979,612

905,127
474, 945,966
223,959,161

8,652,090

562,770,982
471,458,554
91,312,428

139,630,994
4,650,135
134,980,859

702, 401,976
476, 108,689
226,293,287

8,534,984

562,849,982
473,292,890
89,557,092

141,517,793
10,816,738
130,701,055

704,367,775
109,628
258,147

9,715,900

562,930,982
476,391,757
86,539,225

143,464,623
16,075,711
127,388,912

706,395,605
492, 467,468
213, 928,137

10,264,137

563,009,982
479,412,996
83,596,986

144,486,463
18,452,313
126,034,150

707, 496,445
497, 865,309
209, 631,136

11,305,261

563,097,982
482,347,588
80,750,394

144,809,002
20,267,842
.124,541,160

707,906,984
502, 615,430
205, 291,554

11,128,435

563,179,982
485,076,651
78,103,331

143,538,263
22,155,411
121,382,852

706,
,718,245
507,
,232,062
199,
,486,183

10,829,470

563,277,812
486,949,155
76,328,657

147,355,783
23,177,618
124,178,165

710, 633,595
510, 126,773
200, 506,822

11,078,247

563,357,982
.488,172,848
75,185; 134

147,005,385
24,222,649
122,782,736

710, 363,367
512,395,497
197,967,870

10,642,882

563,413,982
488,522,887
74,891,095

147,779,837
23,774,263
124,005,574

711, 193,819
512, 297,150
198,

'io,'432,'468

Other silver
items held.

198

REPORT ON T H E FINANCES.

N o . 2 4 . — E S T I M A T E D STOCK OF SILVERCCOIN, THE AMOUNT IN THE T R E A S U R Y , AND
THE AMOUNT IN CIRCULATION AT THE END OF E A C H MONTH, F R O M JANUARY, 1962;

ALSO SILVER O T H E R T H A N STOCK H E L D IN THE TREASURY—Continued.

Month.

1908—September:
E s t i m a t e d stock.
In the Treasury.
Incirculation...
October:
E s t i m a t e d stock.
In the Treasury.
In circulation...
November:
E s t i m a t e d stock.
I n t h e Treasury.
Incirculation...
December:
E s t i m a t e d stock,
I n t h e Treasury.
In circulation...
1909—January:
E s t i m a t e d stock,
^In t h e T r e a s u r y .
^Incirculation...
February:
E s t i m a t e d stock.
In the Treasury.
In circulation...
March:
E s t i m a t e d stock.
In theTreasury.
In circulation...
April:
E s t i m a t e d stock.
In theTreasury.
In circulation...
May:
E s t i m a t e d stock
In the Treasury.
Incirculation...
June:
E s t i m a t e d stock
In theTreasury.
Incirculation...
July:
E s t i m a t e d stock
I n ^he T r e a s u r y .
In circulation...
August:
E s t i m a t e d stock
In theTreasury.
In circulation...
Septeraber:
E s t i r a a t e d stock
In the Treasury.
Incirculation...




'

I

O t h e r silvjer
items held.

standard
dollars.

Subsidary
silver.

Total.

$563,493,982
488,409,835
75,084,147

$145,770,090
21,746,013
124,024,077

$709,264,072
510,155,848
199,108,224

$10,156,193

563,554
488,814:
74,740;

150,935,970
19,272,269
131,663,701

714,490,782
508,086,836
206,403,946

9,903,;429

563,610
488,379:
75,213;

151,173,805
17,913,465
133,260,340

714,784,617
506,310,584
208,474,033

9,720,;695

563,663,
491,220
72,443;

153,226,112
18,162,747
135,063,365

716,889,924
509,382,966
207,506,958

8,"920,''444

563,734;
490,964;
72,770,

154,387,552
22,899,998
131,487,554

718,122,364
513,864,135
204,258,229

9,205,407

563,791
491,632;
72,158;

155,622,140
24,855,000
130,767,140

719,413,952
516,487,913
202,926,039

8,761,1650

563,861
492,179,
71,682;

153,845,035
25,957,101
127,887,934

717,706,847
518,136,398
199,570,449

8,828,567

563,930,
492,700:
71,229;

154,608„399
26,899,135
127,709,264

718,539,211
519,600,129
198,939,082

1,384,577

563,985
493,245:
70,740;

158,587,115
27,250,163
131,336,952

722,572,927
520,495,749
202,077,178

8,151,.328

564,061,
492,073:
71,'"~'

159,408,546
27,076,748
132,331,798

723,470,265
519,150,567
204,319,698

8,457,393

564,090,
492,203:
71,887;

159,428,122
26,571,114
132,857,008

723,518,934
518,774,238
204,744,696

8,'S52,;521

564,139
491,582;
72,556;

155,766,307
25,270,932
130,495,375

719,906,119
516,853,763
203,052,356

8,306,:676

564,188;
490,610
73,578;

160,026,753
21,577,881
138,448,872

724,215,565
512,187,964
212,027,601

8, .127,!316

199

TEEASUEEE.

N o . 2 5 . — U N I T E D STATES N O T E S , T R E A S U R Y N O T E S , AND NATIONAL-BANK NOTES"
OUTSTANDING, IN THE T R E A S U R Y , AND IN CIRCULATION AT THE E N D OF EACH M O N T H ,
. FROM J A N U A R Y , 1902.

Month.

1902—January:
Outstanding
In the Treasury.
In circulation...
February:
Outstanding
In the Treasury.
Incirculation...
March:
Outstanding
In the Treasury.
In circulation
April:
Outstanding
In the Treasury.
In circulation...
May:
Outstanding
In the Treasury.
Incirculation...
June:
Outstanding
In the Treasury.
In circulation —
July:
Outstanding
In the Treasury.
In circulation...
August:
Outstanding
In the Treasury.
Incirculation...
September:
Outstanding
In the Treasury.
Incirculation...
October:
Outstanding
In the Treasury.
In circulation...
November:
Outstanding
In the Treasury.
In circulation...
December:
Outstanding
• In the Treasury.
In circulation...
1903—January:
Outstanding
In the Treasury.
In circulation...
February:
Outstanding
In the Treasury.
Incirculation...
March:
. Outstanding
I n the Treasury.
Incirculation...
April:
Outstanding
In the Treasury.
Incirculation...
"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...




United
States notes.

Treasury
notes.

Nationalbank notes.

$346,681:
10,999;
335,681;

$37,533,000
89,476
37,443,524

$359,444,615
13,006,953
346,437,662

$743,658,631
24,095,800
719,562,831

346,681
11,278;
335,402;

35,346,000
177,610
35,168,390

358,434,867
10,864,621
347,570,246

740,461,883
22,320,517
718,141,366

346,681
9,987;
336,693,

33,963,000
81,881
33,881,119

357,476,407
9,141,233
348,335,174

738,120,423
19,210,285
718,910,138

346,681
8,572;
338,108,

32,638,000
89,427
32,548,573

356,987,399
8,982,718
348,004,681

736,306,415
17,645,047
718,661^368

346,681
8,536
338,144;

.31,307,000
164,323
31,142,677

356,747,184
9,117,164.
347,630,020

734,735,200
17,817,766
716,917,434

346,681
12,389,
334,291

30,000,000
197,224
29,802,776

356,672,091
11,195,575
345,476,516

733,353,107
23,782,093
709,571,014

346,681
9,252,
337,428,

28,763,000
127,415
28,635,585

358,984,184
12,937,219
346,046,965

734,428,200
22,316,981
712,111,219

346,681
5,539;
341,141,

27,701,000
78,250
27,622,750

361,282,691
14,725,312
346,557,379

735,664,707
20,342,804
715,321,903

346,681
3,750;
342,930;

26,836,000
94,210
26,741,790

366,993,598
14,610,339
352,383,259

740,510,614
18,455,479
722,055,136

346,681
3,041
343,639;

25,796,000
47,722
25,748,278

380,476,334
13,468,852
367,007,482

752,953,350
16,558,508
736,394,842

346,681
2,897:
343,783;

25,054,000
131,485
24,922,515

384,854,514
•13,302,019
371,552,495

756,589,530
16,330,979
740,258,551

346,681
2,910,
343,770;

24,053,000
.132,574
23,920,426

384,929,784
16,251,253
368,678,531

755,663,806
19,293,985
736,369,810

346,681
6,473
340,207;

22,953,000
87,522
22,865,478

383,973,546
21,569,293
362,404,253

753,607,562
28,130,318
725,477,244

346,681
4,288;
342,392;

22,232,000
106,901
22,125,099

382,798,845
16,011,286
366,787,559

751,711,861
20,406,410
731,305,451

346,681
2,406,
344,274;

21,501,000
80,828
21,420,172

382,519,258
9,733,404
372,785,854

750,701,274
12,220,566
738,480,708

346,681:
4,607:
342,073;

20,795,000
124,260
20,670,740

391,151,728
9,845,606
381,306,122

758,627,744
14,577,633
744,050,111

346,681
6,571
340,109;

20,013,000
146,258
19,866,742

406,443,205
11,352,287
395,090,918

773,137,221
18,070,023
755,067,198

346,681,
12,432;
334,248,

19,243,000
166,352
19,076,648

413,670,650
13,673,941
399,996,709

779,594,666
26,272,742
753,321,924

346,681
11,485,
335,195,

18,556,000
88,422
18,467,578

417,346,487
15,948,987
401,397,500

782,583,503
27,522,860
755,060,643

346,681
11,303;
335,377;

17,970,000
119,746
17,850,254

418,587,975
19,203,045
399,384,930

783,238,991
30,626,239
752,612,762

Total.

200

REPORT ON T H E FINANCES.

N o . 2 5 . — U N I T E D STATES N O T E S , T R E A S U R Y N O T E S , AND NATIONAL-BANK N O T E S
OUTSTANDING, IN THE T R E A S U R Y , AND IN CIRCULATION AT THE E N D OF EACH MONTH,

FROM JANUARY, 1902—Continued.
Month.

1903—September:
• • Outstanding
In the Treasury
Incirculation...
October:
Outstanding
In the Treasury
Incirculation...
November:
Outstanding
I n the Treasury,
Incirculation...
December:
Outstanding
In the Treasury
In circulation...
1904—January:
Outstanding
I n t h e Treasury
Incirculation...
February:
Outstanding
In the Treasury
Incirculation...
March:
Outstanding
In the Treasury
Incirculation...
April:
Outstanding
I n the Treasury
In circulation...
May:
Outstanding...,
In the Treasury
Incirculation...
June:
Outstanding
In the Treasury
Incirculation...
July:
Outstanding
In the Treasury
Incirculation...
August:
Outstanding
In the Treasury
In circulation...
September:
Outstanding
In the Treasury
Incirculation...
October:
Outstanding
In the Treasury
Incirculation...
November:
Outstanding
In the Treasury
Incirculation...
December:
Outstanding
In the Treasury
Incirculation...
1905—January:
Outstanding
In the Treasury
Incirculation...
February:
Outstanding
In the Treasury
In circulation...
March:
Outstanding
I n t h e Treasury,
Incirculation...
April:
Outstanding
In the Treasury
Incirculation...




'
United
Statesnotes.

Treasury
notes.

Nationalbank notes.

$346,
10,
336,

$17,498,000
162,792
17,335,208

$420; 426,535
. 15, 520,837
404; 905,698

$784,606,1661
25,985,|876
758,619,|675

346,
5,
340,

16,874,000
93,825
16,780,175

419; 610,683
10; 872,165
738,518

783,165,1699
16,685,663
766,480,1036

346,
2,
344,

16,428,000
46,720
16,381,280

106,979
141,361
965,618

784,215,(995
10,575,446
773,640,|549

346,
3,
343,

15,906,000
77,147
15,828,853

425, 163,018
12; 009,829
413; 153,189

787,750,'034
15,495,! 554

346,
8,

15,322,000
88,327
15,233,673

426; 857,627
18; 654,036
203,591

788,860,1643
27,730,559
761,130,|084

14,846,000
65,067
14,780,933

324,310
14; 040,247
416; 2g4,063

791,851; 326
23,473; 789
• 768,377,! 537

14,372,000
57,324
14,314,676

434, 909,942
10, 116,596
424; 793,346

795,962y958
15, 447; 066
780,515i892

13,987,000
133,805
13,853,195

437 080,573
12; 715,566424; 365,007

797,748,589
19,753y 316
777,995,1273

9,
337,

13,473,000
98,576
13,374,424

445; 988,565
14; 257,581
431; 730,984

806,142:581
23,732; 793
782,409,1788

346,
12,
333,

12,978,000
75,943
12,902,057

449; 235,095
16; 207,259
433; 027,836

808,894^111
29,204J 793
779,689] 318

346,
15,
331,

12,653,000
102,234
12,550,766

450; 206,888
17 505,015
432; 701,873

809,540j904
32,609j031
776,931]873

346,
13,
332,

12,225,000
56,813
12,168,187

452, 516,773
18; 623,087
433, 893,686

811,422^789
32,5491697
778,8731092

346,
9,
336,

11,966,000
•105,901
11,860,099

456; 079,408
14; 051,921
442; 027, 487

814,726; 424
23,914)080
790,812|344

346,
4,
342,

11,613,000
61,113
11,551,887

457; 281,500
12; 041,082
445; 240,418

815,5751 516
16,6501790
798,9241720

346,
4,
342,

11,331,000
44,070
11,286,930

460; 679,075
12, 298,003
448; 381,072

818,69l|091
16,3991452
802,2911639

346,
4,
342,

11,019,000
78,946
10,940,054

464; 794,156
15; 636,878
449; 157,278

822,494! 172
20,1091213
802,3841959

346,
12,
334,

10,702,000
107,207
10,594,793

467, 422,853
20; 884,648
446; 538,205

824,805>869
33,209,851
791,5961018

346,
14,
332,

10,330,000
46,417
10,283,583

469, 203,840
16, 107,136
453; 096,704

826,2l4856

346,
• 14,
332,

10,111,000
63,224
10,047,776

475, 948,945
12, 128,995
463; 819,950

832,740i961
26,8081362
805,932,599

346,
15,
331,

9,865,000

481 244,945
12; 854,398
390,647

837,790>961
27,9051618
809,885,343

Total.

772,254,1480
1

337,
346,
337,
346,
5,
341,
346,
6,
339,
346,

42,866
? 222,1 ;?.4

30,2151186
795,9991670

201

TREASURER.

i o . 2 5 o — U N I T E D STATES N O T E S , TREASURY N O T E S , AND NATIONAL-BANK N O T E S
OUTSTANDING, IN THE T R E A S U R Y , AND I N CIRCULATION AT THE E N D OF EACH M O N T H ,
FROM JANUARY, 1902—Continued.

Month.

1905—May:
Outstanding
In the Treasury.
Incirculation...
June:
Outstanding
I n t h e Treasury.
In circulation...
July:
Outstanding
In the Treasury.
In circulation...
August:
Outstanding
I n t h e Treasury.
In circulation...
September:
Outstanding
In the Treasury.
Incirculation...
October:
Outstanding
I n t h e Treasury,
Incirculation...
November:
Outstanding....
I n the Treasury.
Incirculation...
December:
Outstauding
I n t h e Treasury.
In circulation...
1906—January:
Outstanding
In the Treasury,
Incirculation...
February:
Outstanding
In the Treasury.
Incirculation...
March:
Outstanding
In the Treasury,
In circulation...
April:
Outstanding
I n t h e Treasury,
Incirculation...
May:
Outstanding
In the Treasury.
• Incirculation...
June:
Outstanding
In the Treasury,
Incirculation...
July:
Outstanding
In the Treasury
In circulation...
August:
Outstanding
In the Treasury,
In circulation...
September:
Outstanding
In the Treasury
Incirculation...
October:
Outstanding
I n the Treasury
Incirculation...
November:
Outstanding
I n the Treasury
In circulation...
December:
Outstanding...
I n the Treasury
Incirculation..,




United
States notes.

Treasury
notes.

Nationalbank notes.

Total.

$346,681,016
14,396,323
332,284,693

$9,617,000
33,709
9,583,291

$488,327,516
13,968,127
474,359,389

$844,626,532
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

851,813,822
30,092,258
821,721,564

346,681,016
15,249,241
331,431,775

9,165,000
41,425
9,123,575

503,971,395'
17,222,511
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

512,220,367
20,100,441
492,119,926

867,885,383
33,306,093
834,579,290

3401681,016
10,342,090
330,338,926

8,795,000
30,142
8,764,858

516,352,240
16,101,921
500,250,319

871,828,256
26,474,163
845,354,103

346,681,016
6,573,536
340,107,480

8,621,000
26,622
8,594,378

524,408,249
12,194,985
512,213,264

879,710,265
18,795,143
860,916,122

346,681,016
3,484,466
343,196,550

8,478,000
42,278
8,435,722

533,329,258
12,088,485
521,240,773

888,488,274
15,615,229
872,873,045

346,681,016
3,418,925
343,262,091

8,330,000
55,110
8,274,884

540,914,347
13,740,872
527,173,475

895,925,363
17,214,913
878,710,450

346,681,016
8,987,735
337,693,281

8,086,000
28,721
8,057,279

543,230,080
18,740,257
524,489,823

897,997,096
27,756,713
870,240,383

346,681,016
• 10,594,139
336,086,877

7,969,000
56,545
7,912,455

550,803,895
13,588,277
537,215,618

905,453,911
24,238,961
881,214,950

346,681,016
9,156,935
337,524,081

7,794,000 ) 554,666,967
25,905
13,589,751
7,768,095
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
335,552,893

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
336,459,392

7,232,00017,004
7,214,996

661,481,045
12,983,507
548,497,538

915,394,061
23,222,135
892,171,926

346,681,010
7,592,170
338,728,846

7,129,000
16,748
. 7,112,252

569,852,303
10,556,637
559,295,666

923,662,319
18,525,555
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
13,599,960
914,005,164

346,681,016
2,164,867
344,516,149

6,912,000
17,482
6,894,518

583,171,985
8,649,611
674,522,374

936,765,001
10,831,960
926,933,041

346,681,016
3,420,694
343,260,322

6,827,000
15,424
6,811,576

693,380,549
9,916,945
683,463,604

946,888,565
13,353,063
933,536,502

346,681,016
4,772,663
341,908,363

6,616,000
16,171
6,600,829

596,162,469
11,105,884
685,056,586

949,469,485
15,893,718
933,565,767

202

REPORT ON T H E FINANCES.

N o . 2 5 . — U N I T E D STATES N O T E S , T R E A S U R Y N O T E S , AND NATIONAL-BANK N O T E S
OUTSTANDING, IN THE T R E A S U R Y , AND IN CIRCULATION AT THE E N D OF EACH M O N T H ,
PROM JANUARY, 1902—Continued.
i

Month.

1907—January:
Outstanding
I n t h e Treasury.
Incirculation
February:
Outstanding
I n the Treasury.
In circulation.;..
March:
Outstanding
In the Treasury.
Incirculation
April:
Outstanding
In the Treasury.
Incirculation
May:
Outstanding
I n t h e Treasury.
Incirculation
June:
Outstanding
In the Treasury.
Incirculation
July:
Outstanding
In the Treasury.
Incirculation
August:
Outstanding
In the Treasury.
Incirculation
September:
Outstanding....
I n t h e Treasury.
In circulation
October:
Outstanding
In the Treasury..
In circulation
November:
Outstanding
In the Treasury..
In circulation
Deceraber:
Outstanding
In the Treasury..
In circulation
1908—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..
• Incirculation
July:
Outstanding
In the Treasury..
In circulation
August:
Outstanding
In the Treasury. .
•
In circulation




United
States notes

Treasury
notes.

Nationalbank notes.

$346,681,016
8,121,292
338,559,724

$6,488,000
14,460
6,473,540

$596,197,669
17,950,662
678,246,907

$949,366,585
26,086,4i4
923,280,1;71

346,681,016
7,753,498
338,927,518

6,385,000
17,909
6,367,091

596,343,022
13,584,999
582,758,023

949,409,0'38
21,356,406
928,052,632

346,681,016
4,934,562,
341,746,454

6,282,000
10,259
6,271,741

597,212,063
10,388,420
586,823,643

950,175,079
15,333,241
934,841,338

346,681,016
4,701,774
341,979,242

6,182,000
13,242
6,168,758

599,913,840
11,516,291
588,397,549

952,776,856
16,231,307
936,545,549

346,681,016
3,580,823
343,100,193

6,078,000
11,220
6,066,780

601,940,550
11,910,342
590,030,208

954,699,566
15,502,385
939,197,181

346,681,016
4,410,961
342,270,055

5,988,000
12,465
5,975,535

603,788,690
14,546,565
589,242,125

956,457,706
18,969,991
937,487,715

346,681,016
5,576,546
341,104,470

5,891,000
9,950
5,881,050

603,395,886
16,876,682
586,519,204

955,967,902
22,463,178
. 933,504,724

346,681,016
4,179,244
342,501,772

5,787,000
9,039
5,777,961

604,056,321
17,135,485
586,920,836

956,524,337
21,323,768
935,200,569

346,681,016
3,555,391
343,125,625

5,707,000
6,652
"5,700,348

603,987,114
19,711,565
584,275,549

956,375,130
23,273,608
933,101,522

346,681,016
3,426,863
343,254,153

5,613,000
11,074
5,601,926

609,980,466
14,856,600
595,123,866

962,274,482
18,294,537
943,979,945

346,681,016
1,998,059
344,682,957

5,546,000
8,933
5,537,067

656,218,196
7,323,079
648,895,117

1,008,445,212
9,330,071
999,115,141

346,681,016
1,405,594
345,275,422

5,479,000
• 9,944
5,469,056

690,130,895
11,096,231
679,034,664

1,042,290,911
12,511,769
1,029,779,(142

346,681,016
7,509,361
339,171,655

5,400,000
695;402,762 1,047,483,778
7,516
30,401,444
37,918,321"
5,392,484 • 665,001,318 1,009,565, ;457

346,681,016
9,627,701
337,053,315

5,319,000
10,499
5,308,501

695,674,519
30,955,156
664,719,363

1,047,674,1535
40,593,j356
1,007,081,179

346,681,016
13,167,707
333,513,309

5,240,000
14,256
5,225,744

696,407,355
40,581,561
655,825,794

1,048,328,1371
53,763,1524
994,564,1847

346,681,016
10,449,437
336,231,579

5,152,000
12,735
5,139,265

697,645,698
49,767,343
647,878,355

1,049,478,1714
60,229,1515
989,249,|199

346,681,016
11,488,742
335,192,274

5,070,000
16,101
5,053,899

698,449,517
60,997,318
637,452,199

1,050,200,1533
72,502,: 161
977,698,1372

346,681,016
7,284,694
339,396,322

4,982,000
18,470
4,963,530

698,333,917
66,685,237
631,648,680

1,049,996,1933
73,988,: 401
976,008;532

346,681,016
5,645,634
241,035,382

4,903,000
13,211
4,889,789

692,088,991
64,772,332
627,316,659

1,043,673; 007
70,431,1177
973,241 ,'830

346,681,016
5,369,090
341,311,926

4,847,000
9,582
4,837,418

685,326,108
54,692,308
630,633,800

1,036,854:124
60,070,'908
976,783;144

Total.

i

203

TEEASUEEE.

N o . 2 5 . ^ U N I T E D STATES N O T E S , TREASURY N O T E S , AND NATIONAL-BANK N O T E S
OUTSTANDING, IN THE T R E A S U R Y , AND IN CIRCULATION AT THE E N D OF EACH MONTH,
FROM JANUARY, 1902—Continued.

Mgnth.

1908—September:
Outstanding
In the Treasury.
In circulation...
October:
r;
Outstanding
In the Treasury.
In cirgulation...
November:
Outstanding
In the Treasury.
In circulation...
December:
Outstanding
In the Treasury.
In circulation...
1909—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,
Incirculation...
July:
Outstanding
In the Treasury
In circulation...
August:
Outstanding
In the Treasury
In circulation...
September:
Outstanding
In the Treasury
In circulation...




United
States notes.

Treasury
notes.

Nationalb a n k notes.

$346,681,016
5,490,551
341, 190,465

$4,767,000
16,191
4,750,809

$675,612,327 $1,027,060,343
39,829,288
45,336,030
635,783,039
981,724,313

346, 681,016
3,686,960
342, 994,056

4,705,000
13,175
4,691,225

665,844,192
22,642,191
643,202,001

1,017,230,208
26,342,926
990,887,282

346, 681,016
3,043,833
343, 637,183

4,649,000
10,143
4,638,857

667,178,177
17,752,117
649,426,060

1,018,508,193
20,806,093
997,702,100

346, 681,016
10, 258,047
336,422,969

4,596,000
6,811
4,589,189

677,068,165
25,287,727
651,780,438

1,028,345,181 .
35,552,585
992,792,596

346, 681,016
8,661,996
338,019,020

4,525,000
15,276
4,509; 724

676,673,092
37,762,721
638,910,371

1,027,879,108
46,439,993
981,439,115

346,681,016
10,922,510
335, 758,506

4,468,000
15,336
4,452,664

678,285,600 1,029,434,616
. 30,686,733
41,624,579
647,598,867 ' 987,810,037

346,681,016
7,552,169
339,128,847

4,398,000
11,193
4,386,807

684,407,615
22,816,033
661,591,582

346, 681,016
5,902,751
340, 778,265

4,329,000
•8,481
4,320,519

687,408,227 1,038,418,243
25,263,392
31,174,624
662,144,835' 1,007,243,619

346, 681,016
7,158,209
339, 522,807

• 4,274,000
8,812
4,265,188

688,183,115
25,425,734
662,757,381

1,039,138,131
32,592,755
1,006,545,376

346, 681,016
6,562,749
340, 118,267

4,215,000
11,585
4,203,415

689,920,074
24,381,268
665,538,806

1,040,816,090
30,955, 602
1,009,860,488

346, 681,016
7,752,582
338, 928,434

4,169,000
12,879
4,156,121

695,354,164
27,406,977
667,947,187

1,046,204,180
35,172,438
1,011,031,742

346, 681,016
6,905,751
339,775,265

4,120,000
12,725
4,107,275

698,845,474
26,902,024
671,943,450

1,049,646,490
33,820, 500
1,015,825,990

346, 681,016
4,278,924
342,402,092

4,071,000
7,165
4,063,835

702,807,459
23,641,951
679,165,508

1,053,559,475
27,928,040
1,025,631,435

Total.

1,035,486,631
30,379,395
1,005,107,236

204

REPORT ON T H E FINANCES.

N o . 2 6 . — G O L D CERTIFICATES AND SILVER CERTIFICATES OUTSTANDING, I N T H E
T R E A S U R Y , AND IN CIRCULATION AT THE E N D OF EACH M O N T H , FROM JANUARY, 1902.

Month.

1902—January:
Outstanding
I n the Treasury..
Incirculation
February:
Outstanding
I n the Treasury..
Incirculation
March: •
Outstanding
I n the Treasury..
Incirculation
April:
Outstanding
I n the Treasury..
Incirculation
May:
Outstanding
In the Treasury..
Incirculation....
June:
Outstanding
I n the Treasury.,
Incirculation
July: ^
Outstanding
In the Treasury.,
Incirculation
August:
Outstanding
I n the Treasury..
Incirculation
September:
Outstanding
I n the Treasury..
Incirculation
October:
Outstanding
I n the Treasury..
Incirculation
November:
Outstanding
In the Treasury..
Incirculation
• December:
Outstanding
In the Treasury..
Incirculation
1903—January:
Outstanding
In the Treasury..
Incirculation....
February:
Outstanding
I n the Treasury..
Incirculation
March:
Outstanding
In the Treasury..
Incirculation
April:
Outstanding
I n the Treasury..
Incirculation
May:
Outstanding
In the Treasury..
Incirculation
June:
Outstanding
In the Treasury..
Incirculation
July:
'
Outstanding
In the Treasury..
Incirculation
August:
Outstanding
I n the Treasury..
Incirculation




Gold
certificates.

Silver
certificates.

$325,722,089
18,217,250
307,504,839

$453,089,000
10,077,520
443,011,480

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
36,093,110
298,487,979

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

455,944,000
6,820,496
449,123,504

797,564,089
45,166,096
752,397,993

345,272,089 ' 455,607,000
^
39,129,220
7,657,584
306,142,869
447,949,416

Total.

$778,811,089
28,294,770
750,516,319

800,879,089
46,786,804
754,092,285

346,612,089
40,213,080
, 306,399,009

453,997,000
7,439.338
446,557; 662

800,609,089
47,652,418
752,956,671

356,985,089
42,221,070
314,764,019

456,217,000
8,771,458
447,445,542

813,202,089
50,992,528
762,209,561

359,390,089
52,745,150
306,644,939

458,785,000
6,427,977
452,357,023

818,175,089
59,173,127
759,001,962

363,311,089
58,929,035
304,382,054

465,752,000
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
4,519,160
463,304,840

844,182,569
34,925,705
809,256,864

383,564,069
37,145,250
346,418,819

468,957,000
5,386,368
463,570,632

852,521,069
42,531,618
809,989,451

398,621,069
22,586,255
376,034,814

465,297,000
8,440,401
456,856,599

863,918,069
31,026,656
832,891,413

399,062,069
25,930,025
373,132,044

463,431,000
6,276,417
457,154,583

862,493,069
32,206,442
830,286,627

402,008,069
39,083,070
362,924,999

466,498,000
4,910,447
461,587,553

868,506,069
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
837,841,220

409,119,869
31,861,310
377,258,559

464,706,000
9,972,987
454,733,013

873,825,869
41,834,297
831,991,572

412,087,869
25,718,470
386,369,399

463,614,000
8,720,068
454,893,932

875,701,869
34,438,538
841,263,331

416,385,869
22,229,950
394,155,919

462,384,000
6,455,616
455,928,384

878,769,869
28,685,566
850,084,303

205

TEEASUEEE.

N o . 2 6 . — G O L D CERTIFICATES AND SILVER CERTIFICATES OUTSTANDING, IN THE
T R E A S U R Y , AND IN CIRCULATION AT THE E N D - OF EACH MONTH, FROM JANUARY,

1902—Continued.
Month.

1903—September:
Outstanding
In the Treasury.
In circulation...
October:
Outstanding
In the Treasury.
Incirculation...
November:
Outstanding
In the Treasury.
Incirculation...
December:
Outstanding
In the 'treasury.
In circulation...
1904—January:
Outstanding
In the Treasury.
In circulation...
February:
Outstanding
In the Treasury.
Incirculation...
March:
Outstanding
In the Treasury.
In circulation...
April:
Outstanding
In the Treasury.
Incirculation...
May:
Outstanding
In the Treasury.
In circulation...
June:
Outstanding
In the Treasury.
Incirculation...
July:
Outstanding
In the Treasury.
In circulation...
August:
Outstanding
In the Treasury.
In circulation...
September:
Outstanding
In the Treasury.
Tn c i r c u l a t i o n . . .
October:
Outstanding
I n t h e Treasury.
Incirculation...
November:
Outstanding.:..
In the Treasury.
Incirculation...
December:
Outstanding....
In the Treasury.
Incirculation...
1905—January:
Outstanding
I n the Treasury.
Incirculation...
February:
Outstanding
In the Treasury.
In circulation...
March:
Outstanding—
In t h e Treasury.
Incirculation...
April:
Outstanding—
I n t h e Treasury.
Incirculation,.,




Gold
certificates.

Silver
certificates.

$420,487,869
26,390,210
394,097,659

$464,715,000
' 6,192,784
458,522,216

$885,202,869
32,582,994
852,619,875

433,198,869
3i; 552,570
401,646,299

469,771,000
7,407,961
462,363,039

. 902,969,869
38,960,531
864,009,338

441,739,869
37,668,940
404,070,929

473,041,000
6,539,918
466,501,082

914,780,869
44,208,858
870,572,011

447,175,869
26,095,850
421,080,019

472,247,000
6,410,710
465,836,290

919,422,869
32,506,560
886,916,309

487,949,869
18,376,260
469,573,609

464,261,000
8,325,172
455,935,828

952,210,869
26,701,432
925,509,437

477,903,869
15,696,890
462,206,979

469,942,000
7,840,898
462,101,102

947,845,869
23,537,788
924,308,081

467,660,869
18,311,300
449,349,569

473,085,000
7,032,921
466,052,079

940,745,869
25,344,221
915,401,648

493,457,869
29,509,800
403,948,069

472,555,000
6,475,916
466,079,084

966,012,869
35,985,716
930,027,153

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
465,655,099

470,476,000
9,337,302
461,138,698

965,106,569
38,312,772
926,793,797

521,430,969
20,566,840
500,864,129

469,645,000
10,123,090
459,521,910

'991,075,969
30,689,930
960,386,039

527,336,969
23,617,510
503,719,459

468,329,000
6,808,840
461,520,160

995,665,969
30,426,350
965,239,619

528,491,969
41,979,830
486,512,139

474,322,000
6,182,124
468,139,876

1,002,813,969
48,161,954
954,652,015

531,479,969
41,286,210
490,193,759

478,464,000
5,750,168
472,713,832

1,009,943,969
47,036,378
962,907,591

530,780,969
60,678,500
470,102,469

477,320,000
5,735,556
471,584,444

1,008,100,969
.66,414,056
941,686,913

524,684,969
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

525,959,969
35,525,600
490,434,369

474,225,000
13,974,954
460,250,046

1,000,184,969
49,500,554
950,684,415

521,149,969
38,593,150
482,556,819

469,655,000
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
5,883,424
462,430,576

986,500,969
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

Total.

206

REPORT ON T H E FINANCES.

N o . 2 6 . — G O L D CERTIFICATES AND SILVER CERTIFICATES OUTSTANDING, IN THE
T R E A S U R Y , AND I N CIRCULATION AT THE E N D OF EACH MONTH, FROM JANUARY,

1902—Continued.

Month.
1905—May:
Outstanding.....
In the Treasury..
In circulation
June:
Outstanding
In the Treasury..
In circulation
July:
Outstanding
In the Treasury..
Incirculation
August:
Outstanding
In the Treasury..
In circulation
September:
Outstanding
In the Treasury..
In circulation
October:
Outstanding
In the Treasury..
Incirculation
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.;
Incirculation
March:
'Outstanding
In the Treasury..
Incirculation
April:
Outstanding
In the Treasury..
Incirculation
May:
Outstanding
In the Treasury..
Incirculation
June:
Outstanding
I n the Treasury..
Incirculation
July:
Outstanding
In the Treasury..
Incirculation
August:
Outstanding
In the Treasury.
Incirculation
September:
Outstanding
In the Treasury..
Incirculation
October:
Outstanding
I n t h e Treasury.
Incirculation
November:
Outstanding
I n the Treasury.
Incirculation
December:
Outstanding
In the Treasury.
Incirculation




Gold
certificates.

Silver
certificates.

$519,762,969
36,851,970
482,910,999

$466,150,000
5,687,897
460,462,103

$985,912,969
42,539,867
943,373,102

517,789,969
32,579,220
485,210,749

465,265,000
10,400,292
454,864,708

983,054,969
42,979,512
940,075,457

518,411,969
24,974,090
•493,437,879

466,150,000
7,631,049
458,518,951

984,561,969
32,605,139
951,956,830

522,202,969
30,867,730
491,335,239

471,735,000
7,395,959
464,339,041

993,937,969
38,263,689
955,674,280

520,047,969
48,451,990
471,595,979

475,017,000
5,043,693
469,973,307

995,064,969
53,495,683
941,569,286

524,455,969
44,490,530
479,965,439

476,308,000
4,682,224
471,625,776

1,000,763,969
,49,172,754
951,591,215

526,020,869
48,866,620
477,154,249

475,735,000
4,770,752
470,964,248

1,001,755,869
53,637,372
948,118,497

527,493,869
46,554,850
480,939,019

475,574,000
11,613,515
463,960,485

1,003,067,869
58,168,365
944,899,504

539,252,869
30,683,230
508,569,639

467,926,000
8,906,866
459,019,134

1,007,178,869
39,590,096
967,588,673

542,360,869
50,627,550
491,733,319

467,164,000
4,411,037
462,752,963

1,009,524,869
55,038,587
954,486,282

544,740,869
54,916,250
489,830,619

469,729,000
4,618,305
465,110,695

1,014,475,869
59,534,555
954,941,314

550,691,869
49,995,480
500,696,389

472,644,000
5,069,530
467,574,470

1,023,335,869
55,065,010
968,270,859

557,599,869
43,796,080
513,803,789

474,640,000
4,976,414
469,663,586

1,032,239,869
48,772,494
983,467,375

560,059,869
43,498,020
516,561,849

477,473,000
5,952,946
471,520,054

1,037,532,869
49,450,966
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
519,965,889

481,392,000
8,099,009
473,292,991

1,051,131,869
57,872;989
993,258,880

581,740,869
39,882,940
541,857,929

478,562,000
4,223,690
474,338,310

1,060.302,869
44,106,630
1,016,196,239

Total.

619,617,869
477,368,000 1,096,985,869
43,659, 450
3,948,551
47,608,001
. 575,958, 419 473, 419, 449 1,049,377,868
628,059,869
55,087,750
572,972,119

477,203,000 1,105,262,869
7,084, 417
62,172,167
470,118,583 1,043,090,702

639,114,869
58,719,670
580,395,199

476,256,000
8,438,975
467,817,025

1,115,370,869
67,158,645
1,048,212,224

207

TEEASUEEE.

N o . 2 6 . — G O L D CERTIFICATES AND SILVER CERTIFICATES OUTSTANDING, IN THE
T R E A S U R Y , AND IN CIRCULATION AT THE E N D OF EACH M O N T H , FROM JANUARY,

1902—Continued.

Month.
1907—January:
Outstanding
In the Treasury.
Incirculation
February:
Outstanding
I n the Treasury.
In circulation
March:
Outstanding
In the Treasury.
Incirculation
April:
Outstanding
In the Treasury.
In circulation"
May:
Outstanding
In the Treasury.
Incirculation
June:
Outstanding
In the Treasury.
Incirculation
July:
Outstanding
In the Treasury.
Incirculation
August: .
Outstanding
In the Treasury.
Incirculation
Septeraber:
Outstanding
In the Treasury.
In circulation
October:
Outstanding
In the Treasury..
In circulation
Noveraber:
Outstanding
In the Treasury..
In circulation
December:
Outstanding
In the Treasury..
In circulation.
1908—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....




Gold
certificates.

Silver
certificates.

$652,570,869
35,006,180
617,564,689

$475,642,000 $1,128,212,869
12,705,811
47,711,991
462,936,189 1,080,500,878

646,082,869
44,623,470
601,459,399

471,993,000 1,118,075,869
7,370,511
51,993,981
464,622, 489 1,066,081,888

652,191,869
42,018,390
610,173,479

471,673,000
4,710,967
466,962,033

1,123,864,869
46,729,357
1,077,135,512

672,336,869
41,965,030
630,371,839

476,150,000
6,320,837
469,829,163

1,148,486,869
48,285,867
1,100,201,002

681,249,869
50,614,460
630,635,409

475,734,000
5,274,748
470,459,252

1,156,983,869
55,889,208
1,101,094,661

678,424,869
78,352,570
600,072,299

475,777,000
5,565,775
470,211,225

1,164,201,869
83,918,346
1,070,283,624

694,930,869
80,469,480
614,461,389

474,068,000
10,251,563
463,816,437

1,168,998,869
90,721,043
1,078,277,826

' 710,938,869
83,033,260
627,905,609

472,011,000
11,505,829
460,505,171

1,182,949,869
94,539,089
1,088, 410,780

720,889,869
80,685,260
640,204,609

473,723,000
12,875,749
460,847,251

1,194,612,869
93,661,009
1,101,051,860

Total.

748,637,869
71,341,960
677,295,909

471,527,000 1,220,164,869
. 78,519,392
7,177,432
. 464,349,568 1,141,645, 477

747,218,869
71,582,660
675,636,209

471,687,000 1,218,905,869
74,316,540
2, 733,880
468,953,120 1,144,589,329

767,005,869
60,393,520
706,612,349

471,416,000
3,684,653
467,731,347

1,238,421,869
64,078,173
1,174,343,696

610,215,869
40,586,510
769,629,359

464,704,000
11,290,360
453,413,640

1,274,919,869
51,876,870
1,223,042,999

830,046,869
' 38,384,970
791,661,899

457,044,000
10,852,631
446,191,369

1,287,090,869
49,237,601
1,237,853,268

835,010,869
26,670,040
808,340,829

452,048,000
13,866,783
438,181,217

1,287,058,869
40,536,823
1,246,522,046

846,910,869
29,584,390
817,326, 479

463,778,000
17,520,019
446,257,981

1,310,688,869
47,104, 409
1,263,584,460

825,730,869
42,022,380
783,708, 489

474,054,000 1,299,784,869
59,407,896
17,385,516
456,668, 484 1,240,376,973

822,923,869
39,947,250
782,976,619

474,350,000
9,071,295
465,278,705

1,297,273,869
49,018,545
1,248,255,324

818,758,869
34, 485,260
784,273,609

484,054,000
9,363,038
474,690,962

1,302,812,869
43,848,298
1,258,964,571

837,564,869
30,911,760
806,653,109

487,768,000
12,684,277
475,083,723

1,325,332,869
43,596,037
1,281,736,832

208

REPORT ON T H E FINANCES.

N o . 2 6 . — G O L D CERTIFICATES AND SILVER CERTIFICATES OUTSTANDING, IN THE
T R E A S U R Y , AND IN CIRCULATION AT THE E N D OF E A C H MONTH, FROM JANUARY,

1902—Continued.

Month.
1908—September:
Outstanding
In the Treasury
I n circulation...
October:
Outstanding
In the Treasury
Incirculation...
November:
Outstanding
In the Treasury
Incirculation...
December:
Outstanding
In the Treasury
In circulation..;
1909—January:
Outstanding...
In the Treasury
Incirculation..
February:
Outstanding...
In the Treasury
In circulation...
March:
Outstanding
In the Treasury
In circulation..,
April:
Outstanding
In the Treasury
Incirculation...
May:
Outstanding
In the Treasury
Incirculation...
June:
Outstanding
In the Treasury
Incirculation...
July:
Outstanding
In the Treasury
In circulation...
August:
Outstanding
In the Treasury
In circulation...
September:
Outstanding
In the Treasury
In circulation...




Gold
certificates.

Silver
certificates.

$842,045,869
36,378,105
805,667,764

$488,208,000 $1,330,253,869
12,364,058
48,742,163 .
475,843,942 1,281,511,706

Total.

850,817,869
43,571,480
807,246,389

488,793,000
4,893,158
483,899,842

1,339,610,869
48,464,638
1,291,146,231

863,262,869
49,618,530
813,644,339

488,125,000
7,382,500
480,742,500

1,351,387,809
57,001,030
1,294,386,839

858,272,869
56,412,360
801,860,509

491,216,000 1,349,488,869
20,378,201,
76,790,561
470,837,799 1,272,698,308

864,263,869
25,956,330
838,307,539

480,898,000
19,535,237
461,362,763

1,345,161,869
45,491,567
1,299,670,302

860,341,869
47,699,690
812,642,179

484,754,000
13,342,608
471,411,392

1,345,095,869
61,042,298
1,284,053,571

844,617,869
47,661,660
796,956,209

483;365,000
6,607,037
476,757,963

1,327,982,869
54,268,697
1,273,714,172

846,698,869
42,089,580
804,609,289

482,547,000
5,965,203
476,581,797

1,329,245,869
48,054,783
1,281,191,086

842,855,869
27,461; 850
815,394,019

486,390,000
6,987,843
479,402,157

1,329,245,869
34,449,693
1,294,796,170

852,751,869
37,746,420
815,005,449

484,414,000
6,696,676
477,717,324

1,337,165,869
44,443,090
1,292,722,773

852,034,869
46;750,510
805,284,359

487,008,000
9,-794,233
477,213,767

1,339,042,809
56,544,743
1,282,498,120

859,392,869
47,920,700
811,472,169

487,586,000
9,501,446
478,084,554

1,346,978,869
57,422,146
1,289,556,723

864,162,869
58,645,710
805,517,159

484,826,000
5,135,169
479,690,831

1,348,988,869
63,780.8791,285,207,990

209

TEEASUEEE.
No.

2 7 . — E S T I M A T E D STOCK OF ALL K I N D S OF M O N E Y AT THE E N D OF EACH M O N T H ,
FROM J A N U A R Y ,

1902.

[Notes include United States notes. T r e a s u r y notes, a n d n a t i o n a l - b a n k notes.]
Month.
181,279,087 $625,264,543 $743,658,631 $2,550 202,261
740,461,883
2,545; 959,824
178,031,493
627,466,448
738,120,423
2,546 192,462
178,540,790
629,531,249
736,306,415
2,552, 862,141
183,652,727
632,902,999
734,735,200
2,553, 441,367
184,588,889
634,117,278
733,353,107
2,563, 266,658
192,594,589
637,318,962
734,428,200
2,567, 261,863
193,925,457
638,908,206
735,664,707
2,579 306,217
203,511,751
640,129,759
740,510,614
2,597; 094,935
215,234,885
641,349,436
752,953,350
2,627, 963,267
230,672,772
644,337,145
756,589,530
2,645 558,394
242,330,760
646,638,098
558
755,663,800
2,651,
246,876,715
648,868,043
753,607,562
2,656, 559,109
252,842,475
650,109,072
751,711,861
2,661, 057,088
258,046,481
651,298,746
750,701,274
2,664, 845,910
261,743,201
652,401,435
758,627,744
2,679, 340,932
267,303,579
653,409,609
773,137,221
2,688, 961,878 .
261,445,124
654,379,533
779,594,666
2,684, 710,987
248,681,528
656,434,793
782,583,503
2,695 440,174
255,749,068
657,107,603
783,238,991
2,708; 693,662
267,733,949
657,720,722'
784,605,551
2,720, 680,550
277,362,651
658,712,348
783,165,699
2,724, 579,721
282,291,903
659,122,119
784,215,995
2,742, 299,781
298,107,736
659,976,050
787,750,034
2,763, 152,326
314,622,524
660,779,768
788,860,643
2,777 054,774
326,841,555
661,352,576
791,851,326
2,793; 311,428
337,357,717
664,102,385
960,136
795,962,958
2,808 985,446
348,803,970
664,193,208
797,748,589
2,814 300,789
351,984,577
665,252,280
806,142,581
2,7851 504,135
313,120,808
666,037,340
808,894,111
2,803 711,247
327,656,398
666,953,626
809,540,904
2,818; 273,316
342,422,740
666,747,603
811,422,789
2,829 333,734
349,896,565
667,953,962
814,726,424
2,835 292,930
351,455,968
669,151,342
815,575,516
2,848 236,023
363,047,081
669,670,333
818,691,091
2,840, 103,169
351,415,633
670,129,299
822,494,172
2,839, 997,584
345,952,535
670,656,462
824,805,869
2,836, 937,327
341,206,452
670,985,263
826,214,856
2,828: 907,406
331,165,720
671,556,751
832,740,901
2,842: 979,520
338,274,546
671,891,899
837,790,961
2,853: 344,583
343,897,159
672,291,400
844,625,532
2,869, 109,864.
352,063,028
672,656,023
851,813,822
2,883' 791,907
357,655,988
673,640,054
859,817,411
2,901' 394,085
368,427,343
673,547,153
867;885,383
2,921: 766,271
379,804,314
673,704,388
871,828,256
2,933: 558,851
387,257,928
674,680,087
879,710,265
2,959 402,142
404,686,516
675,162,070
888,488,274
2,976: 758,207
411,777,450
676,136,418
895,925,363
2,992: 471,555
419,943,124
676,889,720
897,^997,0'96
2,998: 890,171
905,453,911
423,220,213
677,254,246
2,999: 542,640
909,141,983
417,007,439
677,428,821
910,988,298
3,004 926,507
418,202,210
677,198,447
913,314,676
3,021 901,107
433,450,570
677,487,639
915,179,376
3,057 976,591
466,921,374
677,665,057
915,394,061
3,069 821,881
475,706,765
679,090,450
923,662,319
3,089 096,498
495,606,494
678,821,326
927,605,124
3,111 732,552
507,503,849
679,930,330
936,765,001
3,148 ; 508,961.
539,840,778
681,286,650
946,888,565 •3,188: 366,789
,566,619,131
685,124,829
949,459,485
3,211 1954,768
576,898,912
687,579,312
949,366,585
3,225 720,700
587,018,385
689,476,898
949,409,038
3,236:;382,436
598,116,107
689,238,008
950,175,079
3,244',953,412
604,972,427
690,000,971
952,776,85J6
3,251 509,616
;611;373,750
690,404,583
954,699,566
3,262:1789,005
,617,893,741
691,839,019
956,457,706
3,266',561,007
619,136,891692,952,548
955,967,902
3,115 ,333,737
,466,389,101
692,714,200
956,524,337
3,123 ,056,673
,474,168,738
693,197,097
956,375,130
3,123 ,688,449
,472,563,328
693,969,008
962,274,482
3,134 ,776,911
,482,969,710
695,343,609
[1,008,445,212
3,148;,065,058
,489,742,845
696,759,584
3,269 ,223,380
,561,714,719
698,905,127 1,042,290,911
1,047,483,778
3,349: 452,108
,604,530,493
702,401,976
1,047,674,535
3,380' 918,614
,628,600,555
704,367,775 1,048,328,371
3,389:;390,430
,635,848,474
706,395,605 1,049,478,714
3 ""'^',653,082
,642,565,614
707,496,445 1,050,200,533
,932,711
3,396: 764,020
,639,267,384
707,906,984 1,049,996,933
3,372 ;336,263
,616,013,933
706,718,245 1,043,673,007
3,378 ,606,891
,618,133,492
710,633,595 '1.030,854,124
3,384
,630,299,889
710,363,367
3,389
,641,558,948
711,193,819

1902—January
February...
March
April
May
June
July
August
September..
October
November..
December...
1903-- J a n u a r y . . . : .
February...
March
April
:..
May
June
July
August
September..
October
November..
December..,
1904—January
February...
March
April
May
f:
June
July
August
September..
October
November..
December..
1905—January
February...
March
AprU
,
May
June
July
August
September.
October
November..
Deceraber..
1906—January
February...
March
April
May
June
July
August
September.
October
November..
December..
1907—January
February..
March
April
May
June
July
August
September.
October
November.
December..
1908—January
February..
March
..
April
May
June
July
August

13518—FI 1909-

-14




210

•REPORT ON T H E EINANCES.

N o . 27.-

-ESTIMATED STOCK OF ALL K I N D S OF M O N E Y AT THE E N D OF E A C H MONTH,

FROM JANUARY, 1902—Continued.
Gold.

Month.
1908—September.
October...
November.
December.
1909—January...
February..
March
April
May
Jmie
luly
August—
Septeniber,

No.

Silver.

$1,643 681,386 $709,204,072
714,490,782
1,649,358,744
714,784,617
1,658, 844,151
716,889,924
881,807
•1,653;
718,122,364
1,649; 029,303
719,413,952
1,656, 725,109
717,706,847
1,645; 422,056
489, 542 718,539,211
1,649,
722,572,927
1,644, 900,733
723,470,265
1,642; 041,999
723,518,934
1, 637,811,127
719,900,119
495,783
1,636,
724,215,565
1,646, 833,501

Notes.

Aggregate.

$1,027 060,343 $3,380; 005,801
1,017; 230,208
3,381, 079,734
1,018 508,193
3,392, 136,961
1,028: 345,181
3,399; 116,912
1,027; 879,108
3,395, 030,775
1,029, 434,616
3, 405;573,677
1,035, 486,631
3,398; 615,534
1,038, 418,243
3,406, 446,996
1,039, 138,131
3,406, 611,791
1,040, 816,090
3,406; 328,354
1,046,204,180
3. 407,534,241
1,049,646,490
3, 406,048,392
1,053, 559, 475 3,424; 608,541

2 8 . — E S T I M A T E D AMOUNT OF ALL K I N D S OF M O N E Y IN CIRCULATION AT THE
E N D OF EACH MONTH, FROM JANUARY, 1902.

Month.
1902—January...
February.
March.....
April
May
June
July
August
September
October...
November.
•Deceraber.
1903—Jariuary...
February.
March
April
May
June
July
August
Septeraber
October...
Noveraber.
December.
1904 - J a n u a r y , . .
February..
March
April
May
June
July
August
Septeraber
October...
Noveraber
Deceinber.
1905—January...
February.
March
April
May
June
July
August
September
October-..
Noveraber.
Deceraber.
1906—January...
February.
March
April
May
June
July
August
September




Gold:
$634,733,847
633,454,585
635,194,761
637,432,952
631,891,627
632,394,289
631,156,433
632,209,118
624,728,060
624,373,645
631,410,968
629,680,632
629,023,915
625,262,655
622,002,398
623,132,460
623,982,009
617,260,739
620,879,790
620,375,159
622,550,934
621,753,297
627,025,092
627,970,533
627,905,855
638,909,710
650,924,710
656,159,418
644,894,548
645,817,576
644,112,980
646,664,812
(341,844,863
641,793,093
647,500,549
649,548,528
649,527,502
645,751,720
644,726,546
644,423,211
650,979,108
651,063,589
650,616,580
653,003,548
052,330,135
651,644,998
649,040,390
654,168,025
654,793,697
648,856,052
643,993,307
672,524,404
683,426,878
668,655,075
675,979,661
676,179,514
084,268,074

Silver.

Notes.

$155,138,712 $719,562,831
152,820,313
718,141,366
151,871,887
718,910,138
152,257,929
718,661,368
151,514,629
716,917,434
154,468,577
709,571,014
155,128,924
712,111,219
158,399,962
715,321,903
164,949,924
722,055,135
169,416,873
736,394,842
171,783,775
740,258,551
172,661,003
736,369,815
168,346,262
725,477,244
167,141,597
731,305,451
166,762,285
738,480,708
166,296,044
744,050,111
165,284,398
755,067,198
165,117,934
753,321,924
164,814,734
755,060,643
165,829,964
752,612,752
170,826,585
758,619,675
175,152,197 • 766,480,036
177,930,766
773,640,549
179,204,575
772,254,480
173,433,925
761,130,084
171,886,569
768,377,537
169,796,973
780,515,892
168,463,291
777,995,273
167,184,826
782,409,788
166,842,169
779,689,318
165,158,611
776,931,873
167,502,461
778,873,092
174,840,267
790,812,344
179,851,251
798,924,726
182,409,266
802,291,639
182,930,722
802,384,959
177,241,230
791,596,018
174,544,604
795,999y.670
173,586,943
805,932,599
173,709,400
809,885,343
174,091,133
816,227,373
175,022,043
821,721,564
175,024,657
827,304,234
178,401,936
834,579,2^0
184,976,867
845,354,103
188,980,243
860,915,122
192,102,607
872,873,045
193,765,592
878,710,450
188,007,079
870,240,383
186,745,219
881,214,950
191,200,775
886,369,392
189,918,721
889,536,319
188,496,454
888,290,413
188,630,872
891,278,778
189,091,784
892,171,926
192,338,141
905,136,764
197,664,217
914,005,164

Certificates.

Total.

$750, 516,319 $2,259 951,709
749, 552,995
2,253, 969,259
• 746,070,571
2,252 047,357
752, 397,993
2,260,,750,242
754, 092,285
2,254 415,975
752, 956,671* 2,249, 390,551
762, 209,561
2,260, 606,137
759, 001,962
2,264, 932,945
763, 953,532
2,275, 686,651
805, 926,632
2,336, 111,992
256,864
2,352, 710,158
989,451
2,348, 700,901
832, 891,413
2,355, 738,834
830, 286,627
2,353, 996,330
824, 512,552
2,351, 757,943
840, 875,105
2,374, 353,720
837; 841,220
2,382, 174,825
831, 9911572
2,367, 692,169
841, 263,331
2,382, 018,498
850; 084,303
2,388, 902,178
852, 619,875
2,404, 617,069
864, 009,338
2,427;,394,868
870; 572,Oil
2,449;,168,418
886, 916,309
2,466;,345,897
925, 509,437
2,487;,979,301
924, 308,081
2,503,,481,897
915: 401,648
2,516,,639,223 '
930: 027,153
2,532,, 645,135
914, 790,755
2,509,,279,917
926; 793,797
2,519;,142,860 c
960, 386,039
2,546;,589,503
965, 239,619
2,558;,279,984
954, 652,015
2,562;,149,489
962, 907,591
2,583,,476,661
941, 686,913
2,573, 888,367
934; 756,916
2,569, 621,125
950, 684,415
2,569;,049,165
944, 318,718
2,560, 614,712
934, 746,895
2,558; 992,983
949, 988,732
2,578; 006,686
943; 373,102
2,584; 670,716
940; 075,457
2,587, 882,653
•951, 956,830
2,604;,902,301
955, 674,280
2,621, 659,054
941, 569,286
2,624;,230,391
951, 591,215
2,653,,131,578
948, 118,497
2,662,,134,539
944, 899,504
2,671,,543,571
967, 588,773
2,680,,629,932
954, 486,282
2,671,,302,503
954, 941,314
2,676, 504,788
968, 270,859
2,720, 250,303
467,375
2,743; 681,120
081,903
2,736; 646,628
1,000 106,067
2,757; 349,438
993: 258,880
2,766; 913,299
2,812, 133,694
1,016: 196,239

211

TEEASUEEE.
No.

2 8 . — E S T I M A T E D AMOUNT OF ALL K I N D S OF M O N E Y I N CIRCULATION AT T H E
E N D OF EACH MONTH FROM JANUARY, 1902—Continued.

Silver.

Month.
1906—October...
November.
December.
1907—January...
February.,
March
April'.
May
June
July
August
September.
October...
November.
December.
1908—January...
February..
March
April
May
June
July
• August
September
October...
November.
December.
1909—January...
February..
March
April
May
June
July
August
September

$687, 686,761
685, 974,422
692; 623,564
695, 539,841
692, 895,812
690, 439,279
691, 481,469
695, 680,258
561, 697,371
566, 036,725
560, 356,994
561, 956,589
574, 459,086
640, 577,952
648, 573,173
641, 496,096
633, 804,057
629; 732,705
628; 168,888
618, 620,761
613; 244,810
615; 788,276
619; 990,263
615; 955,118
610; 060,562
616; 998,061
619. 317,841
605; 944,900
609; 988,359
608, 292,659
609, 289,337
605, 243,676
599, 337,698
596: 806, 435
587; 838,757
593, 443, 000




$203,885,116
206,473,629
209,498,773
203,581,203
203,690> 890
203,983,239
203,878,005
203,810,469
203,487,845
203,504,285
205,233,277
209,744,403
216,284,188
223,959,161
226,293,287
220,2.58,147
213,928,137
209,631,136
205,291,554
199,486,183
200,506,822
197,967,870
198,896,669
199,108,224
206,403,946
208, 474,033
207,506,958
204,258,229
202,926,039
199,570, 449
198,939,082
202,077,178
204,319,698
204,744, 696
203,052,356
212,027, 601

Notes.

Certificates.

Total.

$925, 933,041 $1,049, 377,868 $2,866,882,786
933, 535,502 1,043,090,702
2,869;074,255
933, 5651767 1,048; 212,224
2,883,900,328
923, 280,171 1,080; 500,878
2,902.902,093
928, 052,632 1,066,081,888
2,890; 721,222
934, 841,838 1,077; 135,512
2,900; 399,868
936, 545,549 1,100,201,002
2,932; 106,025
939, 197,181 1,101,094,661
2,939,782,569
937, 487,715 1,070; 283,524
2,772,956,-455
. 933,504,724 1,078;277,826
2,781; 323,560
935, 200,569 1,088; 410,780
2,789, 201,620
933, 101,522 1,101, 051,860
2,805,854,374
943, 979,945 1,141; 645,477
2,876; 368,696
999, 115.141 1,144, 589,329
3,008;241,583
1,029, 779.142 1,174; 343,696
3,078;989,298
1,009, 565,457 1,223; 042,999
3,094, 362,699
1,007, 081,179 1,237; 853,268
3,092, 666,641
994, 564,847 1,246, 522,046
3,080, 450,734
989, 249,199 1,263, 584,460
3,086,294,101
977, 698,372 1,240, 376,973
3,036; 182,289
976, 008,532 1,248, 255,324
3,038,015,488
973, 241,830 1,258,964,571
3,045,962,547
976, 783,144 1,281, 736,832- 3,077, 406,908
981, 724,313
511,706
3,078,299,361
990, 887,282 1,281; 146;231
3,098; 498,021
997, 702,100 1,291; 386,839
3,117; 561,033
1,294, 698,308
992, 792,596
3,092; 315,703
1,272,
439,115 1,299, 670,302
3,091; 312,546
810,037 1,284, 053,571
3,084; 778,006
714,172
3,086; 684,516
1,005; 107,236 1,273; 191,086
3,096; 663,124
1,007, 243,619 1,281, 796,176
3,108, 662, 406
1,006, 545,376 1,294, 722,773
3,106,240,657
1,009, 860,488 1,292, 498,126
3,095; 080,999
1,011; 031,742 1,-282; 556,723
3,096, 273,826
1,015; 825,990 1,289, 207,990
631, 435 1,285,
3,121, 310,026
1,025;

212

REPORT ON T H E FINANCES.

N o . 29.—^ASSETS OF THE TREASURY OTHER THAN GOLD, SILVER, N O T E S , AND C E R TIFICATES AT THE E N D OF EACH MONTH, FROM JANUARY, 1903.

Month.

1903—January...
February..
March
April
May
June
July
August
September.
October...
November.
Deceraber.
1904—January...
February..
March
April
May
June
July
August
Septeraber.
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.
October...
November.
December
1907—January...
February..
March
April
May
June
July
August
Septeraber.
October
Noveraber.
December.
1908—January...
February..
March.
April
May
June
July
August
September.
October...
November
December.
1909—January...
February .
March
April
^..
May
June
July
August
September




Fractional
Minor coin. currency.

$785,660
768,751
960,342
813,250
" 619,756
•894,800
811,582
681,149
406,643
480,614
454,573
450,940
698,843
796,872
918,729
872,480
811,692
755,791
732,250
655,318
596,892
631,235
694,817
636,709
807,961
858,860
1,018,504
912,228
809,158
926,154
787,987
621,910
602,146
534,560
248,495
471,820
696,215
754,470
855,028
760,142
578,825
1,359,586
1,243,896
967,924
672,132
967,506
495,608
601,133
1,065,121
1,063,125
893,730
2,022,713
1,834,313
1,642,938
1,424,650
1,183,838
884,615
1,500,150
1,133,863
1,159,206
1,665,027
1,995,907
2,826,075
2,771,583
2,869,089
3,164,307
3,077,284
3,096,834
2,896,359
2,665,449
2,306,071
2,023,737
2,360,179
2,423,955
2,802,819
2,745,130
2,582,133
2,607,433
2,430,978
1,923,098
1,972,344

Deposits in
Deposits treasury of Bonds and
interest
in national Philippine
paid.
banks.
Islands.

$154 $150,098
202
150,552
150,150
182
150,389:
226
150,557
202
147,842
941
151,662
116
152,317
298
161,778
84
167,329
156
168,047
115
166,446
61
166,595
118
162,505:
156
162,058:
178
162,729'
209
114,533
204
110,726
200
112,642:
128
112,841'
195
112,303
172
114,558
100
112,041
187
111,550
95
102,407
142
102,128
187
89,395'
173
88,257:
72
78,457,
119
73,757f,
99
65,715
150
64,059:
524
64,618:
88
65,726:
151
. 65,607:
88
64,764
144
64,343
74
65,333
137
76,350
103
102,918
152
92,534:
126
90,443
154
84,480
195
106,355
128
134,619,
158
148,975,
191
145,559
137
158,753
154
160,654
58
150,486
73
165,235
159
178,691,
80
183,810,
150
178,741'
57
156,990
91
157,102,
147
170,512,
56
220,270
92
236,548
107
256,920,
172
238,190:
75
230,515'
129
202,662
47
200,713
117
164,912:
85
160,357
141
130,660
75
128,907
125
129,925
92
131,693
135
130,111
97
123,928:
239
103 . 100,511'
72,343
165
70,516
35
71,159,
59
72,946
146
71,662
79
54,022
118
51,651
53
50,604
53

$3,588,431
3,876,460
4,122,463
4,019,978
3,422,901
3,609,367
4,670,205
4,908,445
5,712,601
5,777,747
5,522,362
5,162,946
5,971,496
5,119,272
6,146,607
7,316,937
6,452,880
5,824,703
5,794,510
5,211,669
4,699,741
5,538,431
4,735,870
4,925,371
4,368,929
3,739,480
2,824,469
3,972,622
4,489,951
3,935,870
4,122,039
4,820,624
5,195,977
5,148,603
5,064,704
4,921,755
3,713,519
4,318,437
3,449,265
5,177,552
4,898,673
5,314,735
4,730,064
5,003,377
4,398,584
•4,200,305
3,422,551
3,887,713
3,799,552
4,112,786
2,984,102
4,253,678
4,731,183
5,593,866
5,064,571
3,939,200
4,353,145
4,004,169
2,996,970
4,064,367
3,366,421
2,451,942
1,971,066
5,448,751
6,455,226
4,687,105
4,029,618
4,769,987
5,009,728
4,323,011
3,472,902
"4,428,338
4,135,946
4,282,808
2,770,878
5,901,272
5,032,190
4,800,898

$45,235
41,477
28,199
64,488
58,428
46,120
73,177
28,200
1,116,969
95,249
-48,535
54,175
232,740
24,113
28,383
82,267
38,907
58,153
63,100
17,357
37,919
26,801
26,830
37,412
41,474
31,839
17,788
50,721
22,553
67,261
34,972
31,148
36,998
36,239
43,131
156,234
121,499
26,907
31,265
43,613
217,095
53,238
24,468
34,740
29,247
27,759
22,452
346,897
13,319
30,790
596,606
26,454
40,690
60,383
517,924
105,052
59,216
49,155
56,113
57,051
15,537
32,014
11,764
22,738
37,736
33,221
21,707
17,174
9,766
18,978
27,618
26,098
23,526
24,988
18,087
24,688
59,070
18,663
26,376
9,115
4,579

213

TREASURER.

NOo 3 0 . - A S S E T S O F T H E T R E A S U R Y A T T H E E N D O F E A C H M O N T H , F R O M J A N U A R Y , 1903.
Month.
1903—January...
February..
March
April
May
June
July
August
September.
October...
November.
December..
1904—January...
February..
March
April
May
June
July
August
September.
October...
Noveraber.
• December..
1905—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..
1907—January...
, February..
March
April
May
June
July
August
September.
October
November.
December..
1908—January
February..
March
' April
May
June
July
August
September.
October
November.
Deceraber .
1909—January . . .
February..
March
April
May
June
July
August
September.

Gold.

Silver.

Notes.

Certificates.

Other.

Total.

$28,130,318 $31,026,656 $150,929,275 $1,339, 744,
$623,818,560 $505,
507: 317,607
20,406,410
151,363,081
32,206,442
632,783,826
1,344,077;
568: 281,228
12,220,566
151,139,212
43,993,517
639,740,802
1,355,375, 325
510, 402,500
14,577,633
154,856,167
33,755,764
644,171,119
1,357, 763; 183
18,070,023
155,111,992
35,908,649
637, 463,115 510; 796,160
1,357,349; 939
26,272,742
152,906,935
41,834,297
631.420.789 . 512665,861
1.365, 100; 624
512: 796,403
27,522,860
156,567,149
34,438,538
634,869,278
1.366, 194 228
511: 418,978
30,626,239
156,450,325
28,685,566
647.357.790
1.374, 538;
929,894
25,985,876
166,911,349
32,582,994
654,811,716 • 506:
1,387,221
502: 306,042
16,685,663
172,576,065
38,960,531
660,538,606
1,391,066; 907
499; 032,256
10,575,446
44,208,858
173,458,729
671,082,644
1,398,957; 933
498; 303,362
15, 495,554 32.506.560
172,664,515
686,651,991
1.405, 621 982
504; 814,015
27,730,559
26,701, 432
173,305,222
698,935,700
1, 431,486; 928
23, 473,789
23,537,788
168,849,021
698,448,007
1,422, 993; 464
508; 684,859
15,447,066
25,344,221
697,879,260
168,168,590
1.417, 322; 776
510; 483,639
19,753,316
35,985,716
695,825,159
169,655,460
1.433,916; 642
512 696,991
23,732,793
46,846,114
668,226,320
120,503,202
1,373, 468; 691
514 160.262
29,204,793
38,312,772
681,838,822
117,687,004
1,382, 535, 846
515; 492, 455
32,609,031
30,689,930
698,309,760
120,755,181
1,398,829; 074
516; 465,172
32,549,697
30,426,350
703,231,753
119,967,169
1,400, 956, 604
514 781,635
23,914,080
48,161,954
709,611,105
118,763,191
1, 408,
508; 460,654
910, 984
16,650,790
47,036,378
721,253,988
121,011,128
1, 409,
503, 983,106
935, 390
16,399,452
66, 414,056
703,915,084
117,974,992
1.406,519, 931
501 816,347
20,109,213
67,030,053
696,404,007
116,924,812
1,402, 124, 610
501 656, 425
33,209,851
691,678,950
49.500.554
108,795,267
1,390,921 068
507; 736, 446
30,215,186
685,414,000
46,486,251
107,755,105
1,380, 532; 680
510; 662.138
26,808,362
693,548,000
51,754,074
95,356,854
1,379, 196, 553
511 729.263
27,905,618
699, 473,948 512; 182,500
38,565,237
93,588,954
1,371, 716, 257
28,398,159
701,083,920
42,539,867
83,029,103
1,366,975: 312
511 924,263
30,092,258
706,592,399
42,979,512
328,599
77,575.340
1,368, 568: 108
511
32.513.177
717,810,763
32,605,139
70,510; 850
1,364, 449; 019
511 009,090
33,306,093
726,800,766
38,263,689
667,191
69,202,705
1.375,240; 444
507:
26, 474,153
734,927,793
53,495,683
69,193,686
1,385, 672, 058
501' 580,743
18,795,143
753,041,518
49,172,754
363,820
70, 419, 301 1,388, 792, 536
497:
15,615,229
762,737,060
53,637,372
70,720,275
1,397, 152; 286
494; 442,350
17,214,913
765,775,099
58,168,365
70,588,542
1,404, 444, 236
492, 697, 317
27,756,713
768,426,516
39,590,096
70,310,035
1,404, 710, 878
498: 627,518
24,238,961
768,151,387
55,038,587
349,995
71,179,683
1.418,958, 613
500;
22,772,591
774,208,903
59.534.555
82,158,874
1.434, 138, 945
495, 464,022
21,451,979
760,926,166
736,567
55,065,010
1,441, 615, 920
107, 436,198
496:
25,024,263
783,494, 496
48,772,494
1, 453,
97,649,239
498; 330,114
270, 606
23,900,598
807,051,690
225,914
49,450,966
1,474, 935; 335
95,306,167
499,
23,222,135
819,626,833
232
472,295
41,515,802
1, 473,
90,926,167
18,525,555
831,324,335
199,436
57,872,989
1,516, 763, 999
112,256,684
13,599,960
855,572,704
492 392,426
44,106,630
1,546, 178: 376
140,635,655
307: 247
10,831,960
878,932,370
489: 560,051
47,608,001
1,581,
154,700,865
13,353,063
890,924,490
488: 839,063
62,172,167
1,6061 633, 796
151,081,013
15,893,718
'894,394,821
487: 427,725
67,158,645
1,628,369, 834
164,099,925
26,086,414
493: 765,992
47,711,991
902,576,266
1,636,974, 418
165,933,755
21,356,406
495: 054,708
51,993,981
1,635,074 485
912,076,615
155,002,775
15,333.241
495: 179,853
46,729,357
1,648, 484 810
920,934,471
170,613,888
16,231,307
496: 681,764
48,285.867
1,672, 790; 087
926,412,272
184,539,877
15,502,385
497: 994,644
55,889,208
1,682, 151 381
923,456,633
189,798,511
18,969,991
499: 254,430
83,918,345
1.690,641 414
904,691,730
183,428,918
500; 103„061
90,721,043
22.463.178
1,684.263; 843
908,132,013
163,186,548
498; 996.139
94,539,089
21,323,768
1,690,605, 769
912,206,334
163,122,439
494 973;464
93,561,009
23,273,608
1,709, 187, 167
921,013,121
177,049,965
871' 123
489; 400,842
78,519,392
18,294,537
1, 728,
915,283,759
226,884,593
74,316,540
1,730, 283: 038
9,330,071
921,136, 767 483; 598,056
241,677,604
484 643,673
64,078; 173
1,779, 059: 664
12,511,769
955,957,320
262,489,729
493; 825,528
51,876,870
1,814, 68O; 028
37,918,321
987,104,459
243,874,850
502, 731,605
49,237,601
1,830, 600, 442
40,593,356
1,002,044,417
235,540,463
509, 170,570
40,536,823
1,825, 147: 701
53,763,524
1,012,832,909
209,564,875
47,104,409
1,839, 868: 363
60,229,515
I, Oil, 098, 496 513, 743,865
206,874,078
518, 061,532
59,407,896
1,817, 050; 025
72,502,161
997,383,172
170,271,264
521' 205,020
49,018,545
1,814, 636, 383
73,988,401
1,004,888,682
165,525,735
523: 038,379
43,848,298
1,791,626: 029
70,431,177
1,014,511,613
139,208,562
522: 729,618
43,596,037
1,786; 038; 022
60,070,980
1,021,568,685
138,476,702
520: 312,041
48,742,163
1,779, 442; 024
45,336,030
1,027,726,268
137,518,522
517' 990,265
48,464,638
1,770, 635 683
26,342,926
1,039,298,182
138,407,672
516 031,279
57,001,030
1,772, 503 071
20,806,093
1,041,846,090
137,215,579
518 303,410
1,796,900 760
35,-552,585
1,034,563,966
76.790.561
130,988,238
i
523: 069,542
1,765, 19 S 524
46,439,993
45,491,567
1,043,084,403
107,218,019
525: 249,563
1,752, 303 025
41,624,579
61,042,298
1,046,736,750
78,265,835
919 203
526: 964,965
1,726,
30,379,395
54,268,697
1,037,129,397
77,765,749
527: 984,706
1,725: 508; 435
31.174,624
48,054,783
1,040,200,205
78,065,117
528: 647,077
1,715: 479, 819
32,592,755
34,449,693
79,870,237
1,039,657,057
527: 607,960
1,722, 216, 813
30,955,602
44,443,096
77,059,854
1.042,704,301
527: 126. 759
1, 722 770, 122
35,172,438
56,544,743
62,381,490
1.041,004,692
,230; 098
525: 160,439
1,723:
33,820,500
57,422,146
1,048,657,026
58,615,987
520; 315,280
1,717' 676: 097
27,928,040
63,780,879
1,048,390,501
57,382,397
797:




214
No.

REPORT ON T H E FINANCES.
31.—LIABILITIES

Month.

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
,
M&j
,
June
,
July
,
August
September.,
October
November.,
December..
1906—January
February..,
March
April
May
,
June
,
July
August....,
September.,
October
November..
December..
1907—January
February...
March
April
...
May
June
July
August
September..
October
November..
Deceraber..
1908—January
February...
March
April
May
June
July
August
September..
October
Novemb r..
December ..
1909—January
February...
March
, April
May'
June
July
August
September..




OF THE

T R E A S U R Y AT THE
JANUARY, 1902.
Certificates
and Treaslu-y n o t e s .
$886,871,069
884,725,069
890,007,069
895,425,869
893,762,869
893,068,869
894,257,869
896,739,869
902,700,869
919,843,869
931,208,869
935,328,869
967,532,869
962,691,869
955,117,869
979,999,869
975,109,869
978,084,569
,003,728,969
,007,890,969
,014,779,969
,021,556,969
,019,431,969
,012,805,969
,010,886,969
,001,134,969
996,611,969
998,418,969
995,529,969
992,467,969
993,726,969
002,921,969
003,859,969
009,384,969
010,233,869
011,397,869
015,264,869
,017,493,869
,022,269,869
,030,996,869
,039,743,869
,044,918,869
,048,853,869
,058,260,869
,067,323,869
103,897,869
112,089,869
121,986,869
134,700,869
124,460,869
130,146,869
154,668,869
,163,061,869
,160,189,869
,174,889,869
, 188,736,869
,200,319,869
225,777,869
224,451,869
243,900,869
280,319,869
292,409,869
292,298,869
315,840,869
304,854,869
302,255,869
307,715,869
330,179,869
335,020,869
344,315,869
356,036,869
354,084,869
349,686,869
349,563,869
332,380,869
3331574,869
333,519,869
341,380,869
343,211,869
351,098,869
353,059,869

END

Agency'
account.

OF

EACH MONTH, PROM

Balance.

Total.

$84,527,175 $368,345,963 $1,339,774, 207
84,808,827
374,543,470
1,344,077: 366
92,446,267
372,921,989
1,355,375: 325
89,011,127
373,326,187
1,357,763: 183
88,418,172
375,168,898
1,357,349: 939
83,345,641 • 388,886,114
1,365,100; 624
93,644,915
378,291,444
1,366,194 228
94,348,319
383,450,710
1,374,538:
95,103,776
389,417,184
1,387,221
92,585,635
378,637,403
1,391,066 907
98,511,634" 369,237,430
1,398,957; 933
90,918,218
379,374,895
1,405,621, 982
85,208,975
378,745,084
1,431,486: 928
373,068,506
1,422,993: 464
87,233,089
374,699,996
1,417,322: 776
87,504,911
370,919,1881,433,916: 642
82,997,585
313,287,516
1,373,468; 691
85,071,306
322,051,568
1,382,535, 846
82,399,709
304,081,579
1,398,829: 074
91,018,526
297,975,365
1,400,956: 604
95,090,270
301,414,163
1,408,910; 984
92,716,852
296,352,797
1,409,935, 390
92,025,624
293,344,658
1,406,519: 931
93,743,304
296,592,689
1,402,124: 510
92,725,852
290,625,796
1,390,921: 068
89,408,303
290,681,839
1,380,532; 680
88,715,872
291,821,624
1,379,196, 553
90,762,960
284,318,681
1,371,716 257
88,978,607
281,141,378
1,366,975 312
90,303,965
295,477,492
1,368,568 108
80,622,647
279,865,731
1,364,449 019
90,856,319
277,597,345
1,375,240: 444
94,721,130
286,823,693
1,385,672: 058
94,988,396
281,815,289
1,388,792: 536
97,592,278
285,310,840
1,397,152; 286
101,607,577
289,780,373
1,404,444, 236
103,265,994
293,885,083
1,404,710, 878
95,560,926
302,718,086
1,418,958, 613
98,746,658
309,859,322
1,434,138; 945
102,009,754
307,126,224
1,441,615 920
103,492," 827
310,385,376
1,453,270; 606
103,141,361
330,689,355
1,474,935 335
99,327,111
319,963,942
1,473,763; 232
104,945,421
350,686,875
1,516,178, 999
107,231,255
371,213,096
1,546,307, 375
107,770,410
373,300,810
1,581,633, 247"
104,434,568
381,470,287
1,606,369, 796
112,809,640
388,997,076
1,628,974: 834
117,990,889
394,708,207
1,636,074: 418
106, 665,342
400,154,654
1,635,484; 485
110,868,962
402,868,003
1,648,790, 810
115,775,938
401,388,343
1,672,151 087
116,093,875
•407,629,605
1,682,641' 381
111,949,847
422,061,445
1,690,263; 414
108,012,100
388,574,188
1,684,605, 843
121,141,786
386,660,408
1,690,187 769
114,790,492
389,551,314
1,709,871: 167
119,999,984
387,227,019
1,728,283 123
115,278,235
400,551,013
1,730,059 038
105,056,156
419,519,991
1,779,680 664
116,259,804
416,417,301
1,814,600: 028
117,862,858
418,845,804
1,830,147: 442
118,891,769
412,608,191
1,825,868: 701
120,961,641
401,596,988
1,839;0£0: 363
121,612,506
390,933,256
1,817,636: 025
121,847,900
395,171,348
1,814,626: 383
117,199,166
353,628,173
1,791,038: 029
129,693,987
339,890,139
1,786,442: 022
116,372,014
329,052,573
1,779,635; 024
115,561,582
316,882,253
1,770,503 683
109,305,561
301,387,362
1,772,900' 071
115,475,840
319,501,417
1,796,198; 760
122,612,474
299,701,585
1,765,303 524
115,915,070
291,263,813
1,752,919: 025
112,091,343
283,934,071
1,726,508' 203
110,193,263
277,433,835
1,725,479: 435
114,470,731
269,901,309
1,715,216; 819
111,795,641
276,375,428
1,722,770, 813
105,014,516
1,722,230, 122
120,580,498' 258,437,755
247,950,871
1,723,676 098
124,626,358
244,206,114
1,717,797, 097
120,531,114

M5

T^REASUEEE.

N o . 32.—^UNITED STATES N O T E S OF EACH DENOMINATION I S S U E D , R E D E E M E D , AND
OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1902.

Issued during year.

T o t a l issued.

Redeemed
during year.

1902.
One d o h a r . .
...
Two dohars
F i v e doUars
T e n doUars
$101,120,000
T w e n t y doUars
F i f t y doUars
One h u n d r e d d o l l a r s . .
Five hundred d o U a r s . . .
400,000
One t h o u s a n d d o l l a r s .
F i v e t h o u s a n d doUars
Ten t h o u s a n d doUars

$188,364,160
186,763,048
592,821,760
756,331,240
522,762,400
146,215,200
189,904,000
216,276,000
411,628,000
20,000,000
40,000,000

$53,750.00
114,290.00
21,234,140.00
42,783,450.00
15,971,970.00
2,767,450.00
4,725,200.00
3,531,750.00
10,338,000.00

$186,378,117.80
185,202,694.20
562,662,718.00
562,871,919.00
•468,263,118.00
136,617,075.00
171,976,650.00
207,017,500.00
382,415,000.00
19,990,000.00
39,990,000.00

$1,986,042.20
1,560; 353.80
30,159,042.00
193,459,321.00
54,499,282.00
9,598,125.00
17,927,350.00
9,258,500.00
29,213,000.00
10,000.00
10,000.00

101,520,000

3,271,065,808

101,520,000.00

2,923,384,792.00
1,000,000.00

347,681,016.00
1,000,000.00

101,520,000

3,271,065,808

101,520,000.00

2,924,384,792.00

346,681,016.00

188,364,160
186,763,048
592,821,760
865,931,240
522,762,400
146,215,200
189,904,000
216,276,000
411,628,000
20,000,000
<0,000,000

37,188.00
54,990.00
11,945,017.00
69,557,690.00
13,816,840.00
2,911,825.00
5,354,450.00
1,557,000.00
4,365,000.00

186,415,305.80
185,257,684.20
574,607,735.00
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

1,948,854.20
1,505,363.80
18,214,025.00
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

347,081,016.00
1,000,000.00

109,600,000

3,380,665,808

109,600,000.00

3,033,984,792.00

346,681,016.00

188,364,160
186,763,048
592,821,760
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

186,442,815.80
185,292,964.20
580,956,800.00
728,931,229.00
492,855,458.00
141,216,125.00
180,752,400.00
209,582,000.00
389,655,000.00
19,990,000.00
39,990,000.00

1,921,344.20
1,470,083.80
11,864,960.00
245,440,011.00
35,826,942.00
5,799,075.00
10,961,600.00
9,694 ,'000.00
24,683,000.00
10,000.00
10,000.00

122,680,000

3,503,345,808

422,680,000.00

3,155,664,792.00
1,000,000.00

347,681,016.00
1,000,000.00

122,680,000

3,503,345,808

122,680,000.00

3,156,664,792.00

346,681,016.00

Denomination.

Total
Unknown, destroyed
Net
1903.
O n e doUar .
Two dollars
•
Five dollars.
T e n doUars
T w e n t y doUars
F i f t y doUars
One h u n d r e d d o l l a r s
Five h u n d r e d d o l l a r s . . .
One t h o u s a n d d o l l a r s . . .
Five t h o u s a n d dollars .
Ten t h o u s a n d dollars
Total
Unkno\\'n, destroyed . . .
Net
1904.
One d o l l a r . .
T w o doUars
Five doUars
T e n doUars
Twenty doUars. . .
Fifty dollars
One h u n d r e d doUars
Five hundred d o l l a r s . . .
One t h o u s a n d d o U a r s . . .
Five t h o u s a n d d o l l a r s . .
T e n t h o u s a n d doUars
Total
Unknown, destroyed . . .
Net
1905.
One doUar
Two dollars
F i v e doUars
Ten dollars.
T w e n t y dollars
Fifty dollars
One h u n d r e d d o l l a r s
Five hundred d o l l a r s . . .
One t h o u s a n d d o U a r s . . .
Five t h o u s a n d dollars
Ten thousand dollars...
Total
Unknown, destroyed .
Net...
1906.
One dollar
T w o dollars
Five dollars
Ten dollars
T w e n t y dollars
F i f t y doUars
One h u n d r e d dollars

109,600,000

108,440,000
5,920,000
. 800,000
1,810.000
3,000,000
,2,710,000

126,320,000

210,000

22,328.00
188,364,160
23,102.00
186,763,048
3,215,860.00
592,821,760
1,100,691,240 107,412,180.00
9,021,930.00
528,682,400
1,116,750.00
147,015,200
191,714,000 . 2,200,850.00
1,233,000.00
219,276,000
2,284,000.00
414,548,.000
20.000,000
40,000,000

T o t a l redeemed. O u t s t a n d i n g .

186,465,143.80
1,899,016.20
185,316,066.20
1,446,981.80
584,172,660.00
8,649,100.00
836,343,409.00 264,347,831.00
501,877,388.00
26,805,012.00
142,332,875.00
4,682,325.00
182,953,250.00.
8,760,750.00
8,461,000.00
210,815,000.00
22,609,000.00
391,939,000.00
19,990,000.00
10,000.00
39,990,000.00
10,000.00

126,530,000

3,629,875,808

126,530,000.00

3,282,194.792.00
1,000,000.00

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

107,840,000

188,364,160
186,763,048
592,821,760
1,208,531,240
528,682,400
147,015,200
191,714,000

13,093.00
13,952.00
1,706,195.00
95,839,150.00
5,519,560.00
760,150.00
1,500,900.00

186,478,236.80
185,330,018.20
585,878,855.00
932,182,559.00
507,396,948.00
143,093,025.00
184,454,150.00

1,885,923.20
1,433,029.80
6,942,905.00
276,348,681.00
21,285,452.00
3,922,175.00
7,259,850.00




=

216
No.

REPORT ON T H E FINANCES.

3 2 . — U N I T E D STATES N O T E S OF EACH DENOMINATION I S S U E D , R E D E E M E D , AND
OUTSTANDING AT T H E CLOSE OF EACH FISCAL Y E A R FROM 1902—Continued.

Issued during y e a r .

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

3,737,715,808

107,840,000.00

3,391,034,792.00

346,681,016.00

188,364,160
186,763,048
593,521,760
1,312,851,240
528,682,400
147,015,200
191,714,000
219,276,000
414,548,000
20,000,000
40,000,000

10,535.00
11,660.00
1,022,790.00
96,910,975.00
3,719,190.00
480,250.00
1,035,600.00
630,000.00
1,199,000.00

186,488,771.80
185,341,678.20
586,901,645.00
1,029,093,534.00
511,116,138.00
143,573,275.00
185,489,750.00
212,162,000.00
394,908,000.00
19,990,000.00
39,990,000.00

1,875,388.20
1,421,369.80
6,620,115.00
283,757,706.00
17,566,262.00
3,441,925.00
6,224,250.00
7,114,000.00
19,640,000.00
10,000.00
10,000.00

105,020,000

3,842,735,808

105,020,000.00

3,495,054,792.00
1,000,000.00

347,681,016.00
1,000,000.00

105,020,000

3,842,735,808

105,020,000.00

3,496,054,792.00

346,681,016 00

188,364,160
186,763,048
671,741,760
1,335,331,240
531,562,400
147,015,200
193,914,000
219,626,000
432,028,000
20,000,000
40,000,000

14,046.00
13,344.00
9,523,650.00
102,919,770.00
3,275,240.00
466,150.00
1,108,800.00
1,860,000.00
4,419,000.00
10,000.00

186,502,817.80
185,355,022.20
596,425,295.00
1,132,013,304.00
514,391,378.00
144,039,425.00
186,598,550.00
214,022,000.00
399,327,000.00
20,000,000.00
39,990,000.00

1,861,342.20
1,-408,025.S0
75,316,465.00
203,317,936.00
17,171,022.00
2,975,775.00
7,315,450.00
5,604,000.00
32,701,000.00

123,610,000

3,966,345,808

123,610,000.00

3,618,664,792.00
1,000,000.00

347,681,016.00
1,000,000.00

123,610,000

Denomination,

3,966,345,808

123,610,000.00

3,619,664,792.00

346,681,016.00

188,364,160
186,7'63,048
722,261,760
1,389;771,240
535,882,400
147, 015,200
194,974,000
221,926,000
452,328,000
20,000, 000
40,000,000

11,396.00
12,414.00
37,871,840.00
84,440,590.00
4,657,160.00
305,200.00
1,450,400.00
544,000.00
3,587,000.00

186,514,213.80
185,367,436.20
634,297,135.00
1,216,453,894.00
519,048,538.00
144,404,625.00
188,048,950 00
214,566,000.00
402,914,000.00
20,000,000.00
39,990,000.00

1,849,946.20
1,395,611.80
87,964,625.00
173,317,346.00
16,833,862.00
2,610,575.00
6,925,050.00
7,360,000.00
49,414,000.00

132,940,000

4,099,285,808

132,940,000.00

3,751,604,792.00
1,000,000.00

347,681,016.00
1,000,000.00

132,940,000

4,099,285,808

132,940,000.00

3,752,604,792.00

3<6,(381,016.00

190&-Continued.
F i v e h u n d r e d doUars
One t h o u s a n d d o l l a r s .
F i v e t h o u s a n d doUars
T e n t h o u s a n d doUars .
Total
Unknown, destroyed
Net
1907.
One dollar
T w o doUars
. .
F i v e dollars
Ten dollars
T w e n t y doUars
F i f t y doUars
One h u n d r e d d o U a r s .
F i v e h u n d r e d doUars. .
O n e t h o u s a n d doUars
F i v e t h o u s a n d doUars
T e n t h o u s a n d doUars
Total
Unknown, destroyed
Net

.

. . .

700,000
104,320,000

Total redeemed. Outstanding.

1908.
One dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
Fifty dollars
.(....
One h u n d r e d dollars
F i v e h u n d r e d doUars
One t h o u s a n d dollars
Five thousand dollars...
T e n t h o u s a n d dollars
Total
U n k n o w n , destroyed

78,220,000
22,480,000
2,880,000
2,200,000
350,000
17,480,000

•10,000.00

•

Net
1909.
O n e dollar
T w o dollars
Five doUars...,
T e n dollars
.*
T w e n t y dollars
F i f t y doUars
O n e h u n d r e d dohars
F i v e h u n d r e d dollars . . .
One t h o u s a n d dollars . . .
Five thousand dollars..
T e n t h o u s a n d dollars
Total
Unknown, destroyed
Net




50,520,000
54,440,000
4,320,000
1,060,000
2,300,000
20.300,000

10,000.00

217

TREASURER.

No.

3 3 . — T R E A S U R Y N O T E S OF 1890 OF EACH DENOMINATION I S S U E D , R E D E E M E D ,
AND OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1902.

I s s u e d d u r - T o t a l issued. R e d e e m e d
during year.
ing year.

Denomination.

1902.
O n e dollar
T w o dollars
F i v e doUars
T e n dollars
T w e n t y doUars
F i f t y doUars .
One h u n d r e d dollars
One t h o u s a n d dollars

Total
redeemed.

Outstauding.

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

$63,584,677
48,854,343
111,582,150
91,996,200
31,122,430
1,104,900
17,250,300
51,940,000

$1,119,323
953,657
9,157,850
12,683,800
4,637,570
70,100
749,700
628,000

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
1,175,000
18,000,000
52,568,000

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
• 1,175,000
18,000,000
52,568,000

143,692
135,338
1,978,730
2,870,470
924,220
11,250
112,300
89,000

64,076,908
49,330,582
117,683,420
99,225,680
33,373,410
1,129,000
17,502,000
52,136,000

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
52,568,000

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
17,574,000
52,185,000

547,754
404,441
2,122,715
3,736,240
1,754,350
38,500
426,000
383,000

447,435,000

3,665,000

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

51,670
47,935
464,015
944,030
390,100
6,750
64,500
58,000

64,207,916
49,451,494
119,081,300
101,887,790
34,395,750
1,143,250
17,638,500
52,243,000

496,084
356,506
1,658,700
2,792,210
1,304,250
31,750
361,500
325,000

447,435,000

2,027,000

440,049,000

7,386,000

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

33,097
32,208
303,515
601,800
266,180
5,100
49,100
107,000

64,241,013
49,483,702
119,384,815
102,489,590
34,661,930
1,148,350
17,687,600^
52,350,000

462,987
324,298
1,355,185
2,190,410
1,098,070
26,650
312,400
218,000

447,435,000

Total

$1,066,166
1,059,899
7,379,225
6,256,040
1,599,920
19,350
185,400
217,000

1,398,000

441,447,000

5,988,000

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

28,606
26,154
210,790
432,350
202,900
4,100
43,100
58,000

64,269,619
49,509,856
119,595,605
102,921,940
34,864,830
1,152,450
17,730,700
52,408,000

434,381
298,144
1,144,395
1,758,060
895,170
22,550
269,300
160,000

447,-435,000

1,006,000

442,453,000

4,982,000

*

1903.
O n e dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
Fifty doUars
O n e h u n d r e d doUars
One t h o u s a n d dollars
Total
1904.
O n e doUar
T w o dollars
F i v e dollars
Ten dollars
T w e n t y dollars
Fiftv dollars
One h u n d r e d dollars
One t h o u s a n d d o U a r s . .

-. ..

Total
1905.
One dollar
T w o doUars
F i v e dollars
T e n doUars
T w e n t y doUars
Fiftv doUars
One h u n d r e d d o l l a r s
One t h o u s a n d doUars
Total

i

^
. .

.'
1906.

O n e doUar
T w o doUars
F i v e dollars
T e n doUars
T w e n t y doUars
F i f t y doUars
One h u n d r e d d o l l a r s
O n e t h o u s a n d doUars
Total
1907.
One doUar
F i v e dollars
T e n dollars
T w e n t y doUars
Fifty doUars .
One h u n d r e d d o l l a r s
O n e t h o u s a n d doUars
Total
1908.
One dollar
T w o dollars
F i v e dollars
^
Ten dollars
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
One t h o u s a n d dollars

:.

Total




218

BEPORT ON T H E FINANCES.

N o . 3 3 . — T R E A S U R Y N O T E S OF 1890 OP EACH DENOMINATION I S S U E D , R E D E E M E D ,
AND OUTSTANDING AT T H E CLOSE OF EACH FISCAL YEAR Y R O M 1902—Cont'd.

Issued dur- Total issued. R e d e e m e d
ing y e a r .
d u r i n g year.

Denomination.

1909.
O n e dollar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars . .
Fifty dollars
O n e h u n d r e d dollars
O n e t h o u s a n d dollars

Outstanding.

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

$23,557
20,558
184,005
320,220
167,460
2,300
31,900
17,000

$64,293,176.
49,530,414
119,779,610
103,242,160
35,032,290
1,154,750
17,762,600
52,425,000

$410,824
277,586
960,390
1,437,840
727,710
20,250
237,400
143,000

447,435,000

'

Total.

No.

Total
redeemed.

767,000

443,220,000

4,215,000

3 4 . ^ G O L D CERTIFICATES OF EACH DENOMINATION I S S U E D , R E D E E M E D , AND
OUTSTANDING AT T H E CLOSE OF EACH FISCAL Y E A R FROM 1902.

Denomination.'

1902.
T w e n t y dollars
F i f t y doUars
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
F i v e t h o u s a n d doUars
Ten thousand dollars
Total

.'

1903.
T w e n t y dollars
F i f t y doUars
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
T e n t h o u s a n d doUars
Total
1904.
Twenty dollars...
F i f t y doUars
One h u n d r e d d o l l a r s
Five hundred' doUars
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
Total
1905.
T w e n t y doUars
Fiftydollars
One h u n d r e d d o l l a r s
Five h u n d r e d d o l l a r s
One t h o u s a n d d o l l a r s .
Five t h o u s a n d dollars
Ten t h o u s a n d dollars
Total
1906.
T w e n t y dollars
Fifty doUars.
One h u n d r e d d o l l a r s
Five hundred dollars
Ohe 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
Total




Issued during year. T o t a l issued.

Redeemed
during year.

Total
redeemed.

Outstanding.

$47,840,000
8,800,000
12,400,000
4,300,000
11,800,000
2,000,000
42,740,000

$166,720,000
52,200,000
83,034,300
76,244,000
225,581,000
603,035,000
761,000,000

$15,704,800
4,127,900
4,992,900
2,057,000
3,093,000
740,000
41,540,000

129,880,000

1,967,814,300

72,255,600

69,520,000
14,200,000
19,200,000
3,500,000
11,300,000

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

168,430,000

2,136,244,300

105,902,220

1,727,134,431

409,109,869

56,640,000
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
61,670,000

122,959,436
42,422,295
70,339,500
70,071,000
197,931,500
576,620,000
776,380,000

169,920,564
34,577,705
51,094,800
15,073,000
57,449,500
49,415,000
116,760,000

214,770,000

2,351,014,300

129,589,300

1,856,723,731

494,290,569-

54,240,000
16,400,000
23,200,000
2,800,000
8,300,000
7,250,000
82,520,000.

347,120,000
93,400,000
144,634,300
87,944,000
263,681,000
633,285,000
975,660,000

49,713,400
9,693,250
13,134,950
, 3,431,000
8,318,000
2,010,000
85,120,000

172,672,836
52,115,545
83,474,450
73,502,000
206,249,500
578,630,000
861,500,000

194,710,000

2,545,724,300

171,420,600

66,000,000
12,200,000
16,800,000
4,900,000
11,200,000
5,750,000
83,980,000

413,120,000
105,600,000
161,434,300
92,844,000
274,881,000
639,035,000
1,059,640,000

42,316,000
10,086,600
14,363,500
3,6P3,000
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
15,739,000
59;684,500
58,360,000
120,870,000

200,830,000

2,746,554,300

158,630,100

2,186,774,431

559,779,869

50,710,000.

$51,192,616 $115,527,384
26,950,595
25,249,405
51,064,000
31,970,300
63,499,500
12,744,500
183,440,500
42,140,500
573,035,000
30,000,000
672,050,000
88,950,000
1,621,232,211

346,582,089

79,568,236 156,671,764
33,343,995
33,056,005
58,769,200
43,465,100
66,648,500
13,095,500
189,484,500
47,396,500
574,610,000, 28,425,000
724,710,000' 87,000,000

174,447,164
41,284,455
61,159,850
14,442,000
57,431,500
54,655,000
114,160,000

2,028,144,331, 517,579,969

219

TEEAStfEEE.

N o . 3 4 . — G O L D CERTIFICATES OF EACH DENOMINATION I S S U E D , R E D E E M E D , AND
OUTSTANDING AT T H E CLOSE OP EACH FISCAL Y E A R FROM 1902—Continued.

Issued during year.

Total issued.

Redeemed
during year.

$40,000
94,800,000
17,600,000
22,400,000
5,100,000
11,500,000
25,005,000
112,100,000

$40,000
507,920,000
123,200,000
183,834,300
97,944,000
286,381,000
664,040,000
1,171,740,000

$4,000
42,153,800
10,882,700
14,637,500
3,774,000
9,838,000
2,050,000
86,740,000

$4,000
257,141,636
73,084,845
112,475,450
80,879,000
225,034,500
582,725,000
1,025,510,000

$36,000
250,778,364
50,115,155
71,358,850
17,065,000
61,346,500
81,315,000
146,230,000

170,080,000

2,356,854,431

678,244,869

107,800,000
575,200,000
135,200,000
199,434,300
104,044,000
300,681,000
681,040,000
1,310,060,000

9,618,840
60,820,260
11,447,400
14,144,000
3,640,500
10,195,000
16,165,000
110,790,000

9,622,840
317,961,896
84,532,245
126,619,450
84,519,500
235,229,500
598,890,000
1,136,300,000

98,177,160
257,238,104
50,667,755
72,814,850
19,524,500
65,451,500
82,150,000
173,760,000

378,360,000

3,413,459,300

236,821,000

2,593,675,431

819,783,869

39,480,000
45,360,000
6,600,000
14,000,000
1,850,000
15,500,000
23,000,000
148,920,000

147,280,000
620,560,000
141,800,000
213,434,300
105,894,000
316,181,000
704,040,000
1,458,980,000

31,261,540
69,893,560
12,396,800
16,806,600
3,690,500
11,758,000
6,505,000
109,580,000

40,884,380
387,855,456
96,929,045
143,426,050
88,210,000
246,987,500
605,395,000
1,245,880,000

106,395,620
232,704,544
44,870,955
70,OOS, 250
17,684,000
69,193,500
98,645,000
213,100,000

294,710,000

Total

Outstanding.

107,760,000
67,280,000
12,000,000
15,600,000
6,100,000
14,300,000
17,000,000
138,320,000

1907.
Ten dollars
Twenty doUars
FiftydoUars
One hundred doUars..
Five hundred dollars.,
One thousand dollars.
Five thousand dollars,
Ten thousand doUars.

Total
redeemed.

288,545,000 "3,035,099,300

Denomination.

3,708,169,300

261,892,000

2,855,567,431

852,601,869

1908.
Ten dollars
Twenty dollars
Fifty dollars
One hundred dollars...
Five hundred dollars..
One thousand dollars..
Five thousand dollars.
Ten thousand dollars..
Total
1909.
Ten doUars
Twenty dollars
Fiftydollars
One hundred dollars..
Five hundred dollars.
One thousand dollars.
Five thousand dollars
Ten thousand doUars.
Total

] \ o . 3 5 . — S I L V E R CERTIFICATES OFEACH DENOMINATION ISSUED, R E D E E M E D , A N D
O U T S T A N D I N G AT T H E C L O S E O F E A C H F I S C A L Y E A R F R O M 1902.

Denomination.

1902.
One doUar
Two doUars
Five doUars
Ten doUars;:
Twenty dollars
Fiftydollars
One hundred doUars..
Five hundred dollars..
One thousand doUars.
Total

Issued durTotal issued.
ing year.

$59,676,000
31,072,000
141,800,000
•2,960,000

Redeemed
during year.

$351,776,000 $51,337,586.00
198,440,000
27,694,254.00
758,640,000
83,880,680.00
563,554,000
37,377,730.00
289,506,000
12,722.300.00
• 67,650,000
2,793,650.00
81,540,000
597,300.00
16,650,000
13,500.00
32,490,000
108,000.00

Total
redeemed.

Outstanding.

$284,081,805.90 $67,694,194.10
158,562, 722.60
39,877,277.40
525,011,787.50 233,628,212.50
492,369,889.00
71,184,111.00
256,403,650.00
33,102,350.00
61,625,265.00.
6,024,735.00
79,319, 380.00
2,220,620.00
16,580,500.00
69,500.00
32,294,000.00
196,000.00
1,906,249,000.00 .453,997,000.00

235,508,000

2,360,246,000

216,525,000.00

75,612,000
38,016,000
157,420,000
1,960,000

427,388,000
236,456,000
916,060,000
565,514,000
289,506,000
.67,650,000
81,540,000
16,650,000
32,490,000

64,006,Oil. 00
33,303, 089.00
127,023: 145.00
26,19i: 330.00
9,555: 200.00
1,723: 625.00
427: 600.00
12: 000.00
57: 000.00

348,087,816.90
191,865,811.60
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, 110.00
1,793,020.00
57, 500.00
139,000.00

273,008,000

2,633,254,000

262,299,000.00

2,168,548,000.00

4,706,000.00

1903.
One doUar
Two doUars
Five doUars
Ten dollars
Twenty doUars
Fifty doUars
One hundred doUars..
Five hundred doUars..
One thousand doUars.
Total




220
No.

REPORT ON T H E FINANCES.
35.—^SiLVER CERTIFICATES OF EACH DENOMINATION I S S U E D , R E D E E M E D , AND

OUTSTANDING AT THE CLOSE OF EACH FISCAL Y E A R FROM 1902-—Continued.

1904.
One d o l l a r
T w o doUars
F i v e doUars
1
Ten dollars
. .
T w e n t y doUars
F i f t y doUars
One h u n d r e d doUars
Five h u n d r e d doUars
One t h o u s a n d dollars
Total
1905.

Totalissued.

Redeemed
during year.

Total.
redeemed.

Outstanding.

$81,320,000
41,016,000
178,080,000
9,000,000
1,360,000
1,800,000

$508,708,000
277,472,000
1,094,140,000
574,514,000
290,866,000
69,450,000
81,540,000
16,650,000
32,490,000

$79,913,407.00
40,414,738.00
160,263,175.00
17,851,850.00
6,876,530.00
1,125,300.00
320,000.00
10,000.00
31,000.00

$428,001,223.90
232,280,549.60
812,298,107.50
536,413,069.00
272,835,380.00
64,474,190. 00
80,066,980.00
16,602,500.00
32,382,000.00

$80,706,776.10
45,191,450.40
281,841,892.50
38,100,931.00
18,030,620.00
4,975,810.00
1,473,020.00
47,500.00
108,000.00

312,576,000

2,945,830,000 "306,806,000.00

2,475,354,000.00

470,476,000.00

Issued during year.

Denomination.

.

.

95,640,000
One dollar
45,200,000
Two dollars
175,460,000
F i v e doUars
Ten dollars.. . .
T w e n t y dollars
F i f t y doUars
One h u n d r e d d o l l a r s
Five h u n d r e d dollars . .
O n e t h o u s a n d doUars

604,348,000
322,672,000
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

514,242,926.90
274,482,611. 60
984,627,882.50
550,152,479.00
277,974,880.00
66,054,340.00
80,307,380.00
16,607,500.00
32,415,000.00

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

321,511,000.00

2,796,865,000.00

465,265,000.00

102,512,000
40,544,000
178,100,000

706,860,000
363,216,000
1,447,700,000
574,514,000
290,866,000
69,450,000
81,540,000
16,650,000
32,490,000

91,596,877.00
41,561,298.00
164,148,335.00
7,510,110.00
3,014,480.00
910,700.00
190,200.00
4,000.00
12,000.00

605,839,803.90
316,043,909.60
1,148,776,217.50
557,662,589.00
280,989,360.00
66,965,040.00
80,497,580.00
16,611,500.00
32,427,000.00

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

3,583,286,000

308,948,000.00

3,105,813,000.00

477,473,000.00

One dollar
101,996,000
T w o doUars
48,752,000
Five dollars
153,960,000
T e n doUars
T w e n t y doUars
FiftydoUars
O n e h u n d r e d doUars • . .
Five hundred d o l l a r s . . . .
One t h o u s a n d d o U a r s . . .

808,856,000
411,968,000
1,601,660,000
574,514,000
290,866,000
69,450,000
81,540,000
16,650,000
32,490,000

94,964,739.00
40,899,996.00
163,279,185.00
4,454,890.00
2,041,090.00
613,100.00
135,000.00
3,000.00
13,000.00

700,804,542.90
356,943,905.00
1,312,055,402.50
562,117,479.00
283,030,450.00
67,578,140.00
80,632,580.00
16,614,500.00
32,440,000.00

108,051,457.10
55,024,094.40
289,604,597.50
12,396,521.00
7,835,550.00
1,871,860.00
907,420.00
35,500.00
50,000.00

3,887,994,000

306,404,000.00

3,412,217,000.00

475,777,000.00

106,832,000 . 915,688,000
46,064,000
458,032,000
125,100,000 1,726,760,000
8,800,000
583,314,000
8,960,000
299,826,000
.6,600,000
76,050,000
81,540,000
16,650,000
32,490,000

102,077,668. 00
45,044,352.00
151,075,315.00
3,001,410.00
2,022,260.00
430,000.00
120,000.00
5,000.00
7,000.00

802,882,205.90
401,988,257.60
1,463,130,717.50
565,118,889.00
285,052,710.00
68,008,140.00
80,752,580.00
16,619,500.00
32,447,000.00

fl2,805,794.10
56,043,742.40
263,629,282.50
18,195, 111. 00
14,773,290.00
8,041,860.00
787,420.00
30,500.00
43,000.00

302,356,000

4,190,350,000

303,783,000.00

3,716,000,000.00

474,350,000.00

127,768,000
' 49,832,000
124,980,000
25,680,000

1,043,456,000
507,864,000
1,851, .740,000
608,994,000
299,826,000
84,650,000
81,540,000
16,650,000
32,490,000

116,432,634.00
49,595,506.00
142,599,070.00
10,053,290.00
3,863,900.00
4,140,300.00
100,800.00
2,500.00
8,000.00

919,314,839.90
451,583,763.60
1,605,729,787.50
575,172,179.00
288,916,610.00
72,148,440.00
80,853,380.00
16,622,000. 00
32,455,000. 00

124,141,160.10
56,280,236.40
246,010,212.50
33,821,821.00
10,909,390.00
12,501,560.00
686,620.00
28,000.00
35,000.00

4,527,210,000

326,796,000. 00. 4,042,796,000. 00

484,414,000,00

Total
1906.
One dollar
Two dollars
Five doUars .
T e n doUars
T w e n t y doUars
Fifty dollars
O n e h u n d r e d doUars
Five h u n d r e d dollars
One t h o u s a n d dollars
Total
1907.

Total

304,708,000

1908.
One dollar
T w o dollars
F i v e dollars
•
T e n dollars
T w e n t y dollars
F i f t y dollars
O n e h u n d r e d dollars
F i v e h u n d r e d dollars
One t h o u s a n d dollars
Total
1909.
OnedoUar
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars
Fifty doUars
O n e h u n d r e d dollars
F i v e h u n d r e d dollars
O n e t h o u s a n d dollars
Total




8,600,000

336,860,000

221

TEEASUEEE.

N o . 36.—^AMOUNT OF U N I T E D STATES N O T E S , T R E A S U R Y N O T E S , GOLD AND SILVER
CERTIFICATES OF EACH DENOMINATION I S S U E D , R E D E E M E D , AND OUTSTANDING AT
THE CLOSE OF EACH FISCAL Y E A R PROM 1902.

Issued dure
ed
T o t a l issued. d Rr id e e m e a r .
ing y e a r .
u ng y

Denomination.

Total
redeemed.

Outstanding.

1902.
One d o l l a r
. .
T w o dollars
Five dollars
Ten dollars
T w e n t y doUars
Fifty dollars
....
One h u n d r e d d o l l a r s
F i v e h u n d r e d doUars
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 doUars

$59,676,000 $604,844,160 $52,457,502.00 $534,044,600.70
31,072,000
435,011,048 28,868,443.00
392,619,759.80
141,800,000 1,472,201,760 112, 494,045.00 1,199,256,655.50
104,080,000 1,424,565,240 86,417,220.00 1,147,238,008.00
47,840,000 1,014,748,400 45,998,990.00
806,981,814.00
8,800,000
267,240,200
9,708,350.00
226,297,835.00
12,400,000
372,478,300 10,500,800.00
319,610,330.00
4,700,000
309,170,000
5,602,250.00
287,097,500.00
11,800,000
722,267,000 13,756,000.00
650,089,500.00
2,000,000
623,035,000
740,000.00
593,025,000.00
42,740,000
801,000,000 41,540,000.00
712,040,000.00

Total
U n k n o w n , dfistroyp-d

.. .

466,908,000 8,046,561,108 408,083,600.00 6,868,301,003.00 1,178,260,105.00
1,000,000.00
1,000,000.00

....

466,908,000 8,046,561,108 408,083,600.00 6,869,301,003.00 1,177,260,105.00

Net

$70,799,559.30
42,391,288.20
272,945,104.50
277,327,232.00
207,766,586.00
40,942,365.00
52,867,970.00
22,072,500.00
72,177,500.00
30,010,000.00
88,960,000.00

1903.
One dollar
T w o dollars
Fivedollars. . .
Ten dollars
T w e n t y dollars
.
Fifty doilars
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

75,612,000
680, 456,160 64,391,738.00
598,436,338.70
38,016,000
473,027,048 33,698,980.00
426,318,o739.80
157,420,000 1,629,621,760 143,090,702.00 1,342,347,357.50
111,560,000 1,536,125,240 100,108,030.00 1,247,346,038.00
. . . . 69,520,000 1,084,268,400 53,074,420.00
860,056,234.00
14,200,000
281,440,200 11,041,700.00
237,339,535.00
19,200,000
391,678,300 13,626,650.00
333,236,980.00
3,500,000
312,670,000
4,718,000.00
291,815,500.00
11,300,000
733,567,000 10,573,000.00
660,662,500.00
623,035,000
1,575,000.00
594,600,000.00
50,710,000
764,700,000.00
851,710,000 52,660,000.00

Total
Unknown, destroyed
Net

82,019,82L30
46,708,308.20
287,274,402.50
288,779,202.00
224,212,166.00
44,100,665.00
•58,441,320.00
20,854,500.00
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

1904.
One dollar
T w o dollars
Fivedollars
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 doUars
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

761,776,160 80,084,609.00
81,320,000
678,520,947.70
41,016,000
514,043,048 40,585,356.00
466,904,095.80
178,080,000 1,807,701,760 168,590,970.00 1,510,938,327.50
117,440,000 1,653,565,240 117,223,940.00 1,364,569,978.00
63,920,000 1,148,188,400 61,967,450.00
922,023,684.00
13,200,000
294,640,200 11,902,075.00
249,241,610.00
21,010,000
412,688,300 15,423,900.00
348,660,880.00
8,400,000
4,440,000.00
321,070,000
296,255,500.00
21,210,000
672,104,500.00
754,777,000 11,442,000.00
23,000,000
2,010,000.00
596,610,000.00
646,035,000
81,430,000
816,370,000.00
933,140,000 51,670,000.00

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

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

650,026,000 9,247,625,108 565,340,300.00 7,923,199,523.00 1,324,425,585.00
1905.

One dollar
857,416,160 86,343,369.00
95,640,000
764,864,316.70
Two dollars
45,200,000
509,202,236.80
559,243,048 42,298,14L00
F i v e doUars
175,460,000 1,983,161,760 176,479,500.00 1,687,417,827.50
T e n doUars
126,320,000 1,779,885,240 122,869,670.00 1,487,439,648.00
T w e n t y dollars
986,530,754.00
64,240,000 1,202,428,400 64,507,070.00
Fifty dollars
. . . . . 16,400,000
261,639,2.60.00
311,040,200 12,397,650.00
One h u n d r e d d o l l a r s
364,309,080.00
23,200,000
435,888,300 15,648,200.00
F i v e h u n d r e d doUars
4,669,000.00
300,924,500.00
2,800,000
323,870,000
One t h o u s a n d d o l l a r s
682,788,500.00
8,510,000
763,287,000 10,684,000.00
Five t h o u s a n d dollars
2,010,000.00
598,620,000.00
7,250,000
653,285,000
Ten t h o u s a n d dollars
901,490,000.00
82,620,000 1,015,660,000 85,120,000.00
Total
Unknown, destroyed
•Net

92,551,843.30
50,040,811.20
295,743,932. 50
292,445,592.00
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 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
637,540,000 9,885,165,108 623,026,600.00 8,546,226,123.00 1,338,938,985.00




222

REPORT ON T H E FINANCES.

N o . 3 6 . — A M O U N T OF U N I T E D STATES N O T E S , T R E A S U R Y N O T E S , GOLD AND SILVER
CERTIFICATES OF EACH DENOMINATION I S S U E D , R E D E E M E D , AND OUTSTANDING AT
THE CLOSE OP EACH FISCAL Y E A R PROM 1902—Continued.

Denomination.

1906.
One doUar
Two dollars
Five dollars
Ten dollars
Twenty dollars.
F i f t y doUars
O n e h u n d r e d doUars
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
F i v e t h o u s a n d doUars
T e n t h o u s a n d doUars
Total
Unknown, destroved

I s s u e d d u r - T o t a l issued. R e d e e m e d
ing y e a r .
during year.

$102,512,000
40,544,000
178,100,000
107,840,000
66,000,000
12,200,000
16,800,000
0 4,900,000
11,200,000
5,750,000
83,980,000.

$959,928,160
599,787,048.
2,161,261,760
1,887,725,240
1,268,428,400
323,240,200
452,688,300
328,770,000
774,487,000
659,035,000
1,099,640,000

Total
redeemed.

$91,661,640.00 $856,525,956.70
550,825,421.80
41,623,185.00
166,318,545.00 1,853,736,372.50
104,293,290.00 1,591,732,938.00
51,239,140.00 1,037,769,894.00
273,403,460.00
11,764,200.00
380,428,180.00
16,119,100.00
305,248,500.00
4,324,000.00
693,575,500.00
10,787,000.00
600,665,000.00
2,045,000.00
978,760,000.00
77,270,000.00

Outstanding.

$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
58,370,000.00
120,880,000.00

629,826,000 10,514,991,108 577,445,100.00 9,122,671.223.00 1,392,319,885.00
1,000,000.00
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

Net
1907.
One d o l l a r
.
. . . .
^Two d o l l a r s
.^....
F i v e doUars
. .^....
Ten dollars
T w e n t y dollars
Fifty dollars .
One h u n d r e d - doUars
F i v e h u n d r e d doUars
One t h o u s a n d d o l l a r s
Five t h o u s a n d dollars
T e n t h o u s a n d doUars
Total.
Unknown destroyed .

101,996,000
48,752,000
154,660,000
104,360,000
94,800,000
17,600,000
22,400,000
5,100,000
11,500,000
25,005,000
112,100,000

1,061,924,160 95,008,371.00
951,534,327.70
648,539,048 40,943,864.00
591,769,285.80
2,315,921,760 164,605,490.00 2,018,341,862.50
1,992,085,240 101,971,665.00 1,693,704,603.00
1,363,228,400 48,180,260.00 1,085,950,154.00
340,840,200 11,981,150.00
285,384,610.00
475,088,300 15,857,200.00
390,285,380.00
4,407,000.00
333,870,000
309,655,500.00
785,987,000 11,157,000. .00
704,732,500.00
2,050,000.00
684,040,000
602,715,000.00
1,211,740,000 86,740,000.00 1,065,500,000.00

110,389,832.30
56,769,762.20
297,579,897.50
298,380,637.00
277,278,246.00
55,455,590.00
78,802,920.00
24,214,500.00
• 81,254,500.00
81,325,000.00
146,240,000.00

098,273,000 11,213,264,108 582,902,000.00 9,705,573,223.00 1,507,690,885.00
1,000,000.00
1,000,000.00
698,273,000 11,213,264,108 582,902,000.00^ 9,706,573,223.00 1,506,690,885.00

Net
1908.
One dollar .
T w o dollars
F i v e dollars
T e n dollars
T w e n t y dollars .
Fifty dollars
One h u n d r e d dollars.
F i v e h u n d r e d dollars
One t h o u s a n d dollars
F i v e t h o u s a n d dollars
T e n t h o u s a n d dollars

106,832,000
46,064,000
203,320,000
139,040,000
79,120,000
18,600,000
17,800,000
6,450,000
31,780,000
17,000,000
138,320,000

Total.
U n k n o w n , destroyed

804,326,000 12,017,590,108 665,220,000.00 10,370,793,223. 00 1,646,796,885.00
1,000,000.00
1,000,000. 00

Net

1

1,168,756,160
694,603,048
2,519,241,760
2,131,125,240
1,442,348,400
359,440,200
492,888,300
340,320,000
817,767,000
701,040,000
1,350,060,000

102,120,315.00
45,083,850.00
160,809,755.00
115,972,370.00
66,320,660.00
12,347,650.00
15,41.5,900.00
5,505,500.00
14,679,000.00
16,175,000.00
110,790,000.00

1,053,654,642.70
636,853,135.80
2,179,151,617. 50
1,809,676,973.00
1,152,270,814.00
297,732,260.00
411,701,280.00
315,161,000.00
719,411,500.00
618,890,000.00
1,176,290,000.00

115,101,517.30
57,749,912.20
340,090,142. 50
321,448,267.00
290,077,586.00
61,707,940.00
81,187,020.00
25,159,000.00
98,355,500.00
82,150,000.00
173,770,000.00

804,326,000 12,017,590,108 665,220,000.00 10,371,793,223.00 1,645,796,885.00

1909-

116,467,587.00
49.628,478.00
180; 654,915.00
126,075,640.00
78,582, OSO. 00
16,904,600.00
IS, 389.700.00
4,237,000.00
15,370,000.00
6,505,000.00
109,580,000.00

One dollar
T w o dollars
F i v e doUars
T e n dollars
Twenty dollars..
Fifty dollars.
One h u n d r e d dollars
F i v e h u n d r e d dollars
One t h o u s a n d dollars
Five thousand d o l l a r s . . . . . .
Ten t h o u s a n d dollars

127,768,000
49,832,000
175,500,000
119,600,000
49,680,000
15,200,000
15.060,000
4,150,000
35,800,000
23,000,000
148,920,000

Total
U n k n o w n , destroyed

764,510,000 12,782,100,108 722,395,000.00 11,093,188,223.09 1,688,911,885.00
1,000,000.00
1,000,000.00

Net...




1,296,524,160
744,435,048
2,694,741,760
2,250,725,240
1,492,028,400
374,640,200
507,948,300
344,470,000
853,567,000
724,040,000
1,498,980,000

1,170,122,229.70
686,481,613.80
2,359,800,532.50
1,935,752,613.00
i; 230,852,894.00
314,636,860.00"
430,090,980.00
319,398,000.00
734,781,500.00
625,395.600.00
1,285,S70;000.00

126,401,930.30
57,953,434.20
334,935,227.50
314,972,627.00
261,175,506.00
60,003,340.00
77,857,320.00
25,072,000.00
118,785; 500.00
98.645,000.00
213,110,000.00

764,510,000 12,782,100,108 722,395,000.00 11,094,188,223.00 1,687,911,885.00

223

TREASURER.
No.

3 7 . — A M O U N T OF P A P E R CURRENCY OF EACH DENOMINATION OUTSTANDING AT
THE CLOSE OF E.-^CH FISCAL Y E A R PROM 1902.

Legal-tender
notes.

Denomination.

1902.
One dollar
T w o dollars
"Five d o l l a r s
Ten dollars
T w e n t y doUars
Fiftydollars
One hundred dollars
F i v e h u n d r e d dollars
One t h o u s a n d d o l l a r s
Five thousand dollars.
Ten t h o u s a n d dollars

Certificates.

National-bank
notes.

Total.

$3,105,365
2,514,011
39,316.892
206,143,121
59,136,852
9,668,225
18,677,050
9,258,500
29,841,000
10,000
10,000

$67,694,194
39,877,278
233,628,212
71,184,111
148,629,734
31,274,140
34,190,920
12,814,000
42,336,500
30,000,000
88,950,000

$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
315,254,706
57,183,365
86,636,270
22,171,000
72,202,500
30,010,000
88,960, OOO

377,681,016
1,000,000

800,579,089

356,636,881

1,534,896,986i
1,000,000'

376,681,016

800,579,089

356,636,881

1,533,896,986'

2,719,638
2,118,120
23,249,335
241,826,421
43,993,252
6,743,550
13,183,200
7,701,500
25,369,000
10,000
10,000

79,300,184
44,590,188
264,025,067
46,952,781
180,218,914
37,357,115
45,258,120
13,153,000
47,535,500
28,425,000
. 87,000,000

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

366,924,016
1,000,000

873,815,869

413,634,374

1,654,374,259
1,000,000

365,924,016

873,815,869

413,634,374

1,653,374,259

O n e dollar
Twodollars
Five dollars
Ten dollars
•
T w e n t y dollars
Fifty doUars
One h u n d r e d dollars
Five hundred dollars
One t h o u s a n d dollars
Five t h o u s a n d dollars
Ten t h o u s a n d dollars

2,548,436
1,947,502
14,921,540
250,894,331
38,213,532
5,845,075
11,459,600
9,694,000
25,115,000
10,000
. . 10,000

80,706,777
45,191,450
281,841,892
. 38,100,931
187,951,184
39,553,515
52,567,820
15,120,500
57,557,500
49,415,000
116,760,000

345,145
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
359,590,602
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

1,774,623,3«2
1,000,000

359,659,016

964 766,569

449,197,797

1,773,623,382

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
44,680,115
62,392,470
14,484.500
57,506,500
54,655,000
114,160,000

344,669
164,992
68,473,495
211,148,110
158,704,700
18,238,850
38,487, .500
95,000
24,000

92,896,514
50,205,802
364,217,427
503,593,702
374,602,34ff
67,639.790
110,066,720
23,040,500
80,522,500
54,665,000
114,170,000

357,094,016
1,000,000

982,844,969

495,681,316

1,835,620,301
1,000,000

356,094,016

982,844,969 1

495.681.316

1,834,620,301

°.

Total
Unknown, destroyed
Net
1903.

.

One dollar
Two dollars
Fivedollars..
Ten dollars
T w e n t y dollars
Fifty d o U a r s
One h u n d r e d dollars
Five hundred dollars
One t h o u s a n d dollars
Five t h o u s a n d dollars
Ten t h o u s a n d dollars

:.

Total
Unknown, destroyed
Net
1904.

Net
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 doUars
Five h u n d r e d dollars .
One t h o u s a n d dollars
Five t h o u s a n d dollars
,Ten t h o u s a n d dollars

.

Total
Unknown, destroyed
Net




.

224
No.

REPORT ON T H E FINANCES.
37.—^AMOUNT OF P A P E R CURRENCY OF EACH DENOMINATION OUTSTANDING AT
THE CLOSE OF EACH FISCAL Y E A R FROM 1902—Continued.

Legal-tender
notes.

Denomination.

1906.
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
Five hundred dollars
One t h o u s a n d dollars
Five t h o u s a n d dollars
Ten t h o u s a n d dollars

Certificates.

National-bank
notes.

Total.

$2,382,007
1,789,536
8,601,605
279,140,891
22,649,702
3,953,925
7,621-5350
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
15,777,500
"59,747,500
58,360,000
120,870,000

$344,352
164,806
76,889,175
240,007,710
181,097,620
19,934,800
42,515,600
94,500
24,000

$103,746,556
49,126,432
384,414,562
536,000,012
411,756,126
69,771,540
114,775,720
23,616,000
80,935,500
58,370,000
120,880,000

355,067,016
1,000,000

1,037,252,869

561,072,563

1,953,392,448
1,000,000

354,067,016

1,037,252,869

561,072,563

1,952,392,448

2,338,375
1,745,668
7,975,300
285,948,116
18,664,332
3,468,575
6,536,650
7,114,000
19,8.58,000
10,000
10,000

108,051,458
55,024,094
289,604,597
•12,432,521
258,613,914
51,987,015
72,266,270
17,100,500
61,396,500
81,315,000
146,230,000

344,249
164,708
113,826,705
247,378,750
183,971,240
18,2.39,300
39,705,100
93,000
24,000

110,734,082
50,934,470
411,406,602
545,759,387
461,249,486
73,694,890
118,508,020
24,307,500
81,278,500
81,325,000
146,240,000

353,669,016
1,000,000

1,154,021,869

603,747,052

2,111,437,937
1,000,000

352,669,016

1,154,021,869

603,747,052

2,110,437,937

112,805,795
56,043,742
263,629,282
116,372,271
272,011,394
58,709,615
73,602,270
19,555,000
65,494,500
82,150,000
173,760,000

343,878
164,470
147,594,415
288,381,100
202,533,280
18,369,150
40,787,300
93,000
24,000

115,445,396
57,914,382
487,684,557
609,829,367
492,610,866
80,077,090
. 121,974,320
25,252,000
98,379,500
82,150,000
173,770,000

352,663,016
1,000,000

1,294,133,869

698,290,593

2,345,087,478
1,000,000

351,663,016

1,294,133,869

698,290,593

2,344,087,478

O n e dollar
T w o dollars
.'
F i v e dollars
T e n dollars
' T w e n t y doUars
F i f t y doUars
^
O n e h u n d r e d dollars
F i v e h u n d r e d dollars
O n e t h o u s a n d dollars.
F i v e t h o u s a n d dollars
T e n t h o u s a n d dollars

2,260,770
1,673,198
88,925,015
174,755,186
17,561,572
2,630.825
7,162,450
7,360,000
49,557,000

124,141,161
56,280,236
246,010,212
140,217,441
243,613,934
57,372,515
70.694,870
17,712,000
69,228,500
98,645,000
213,100,000

343,613
164,322
136,436,440
297,260,690
200,682,100
16,857,300
38,016,200
91,000
23,000

. 126,745,544
58,117,756
471,371 667
612,2.33; 317
461,857 606
76,860,640
115,873,520
25,163,000
118,808,500
98,645.000
213,110,000^

Total
U n l m n w n , dp,st,rnyp.f|

351,896,016
1,000,000

1,337,015,869

689,874,665

2,378,786,550
1,000,000

350,896,016

1,337,015,869

689,874,665

2,377,786,550

..
. .

Total
Unknown, destroyed
Net
1907.
One dollar
T w o dollars
Fivedollars
Ten dollars
T w e n t y dollars
F i f t y doUars
One h u n d r e d d o l l a r s
Five h u n d r e d doUars
One t h o u s a n d dollars
Five thousand dollars
Ten t h o u s a n d dollars

:.

Total
Unknown, destroyed
Net

'.

.-...
. 1908.

One dollar
T w o dollars . .
F i v e dollars
T e n dollars
T w e n t y dollars
Fifty dollars
One h u n d r e d dollars
F i v e h u n d r e d dollars
One t h o u s a n d dollars
F i v e t h o u s a n d dollars
T e n t h o u s a n d doUars

. .

:

.
10,000

Tofal

TInknown, d f t s t r o y f t d . , . , , . ,

Net

2,295,723
1,706,170
76,460,860
, 205,075,996
18,066,192
2,998,325
7,584,750
5,604,000
32,861,000

.... "

.

1909.

Net




,10,000
,

225

TREASURER.

N o . 3 § . — O L D DEMAND N O T E S OF EACH DENOMINATION ISSUED,. R E D E E M E D , 'AND
OUTSTANDING J U N E 30, 1909.
Redeemed
Total issued. during ysar. Total redeemed. Outstanding.

Denomination.

$21,800,000
20,030,000
18,200,000

Total

$21,778,622. 50
20,010,235.00
18,187,860. 00

$21,377.50
19,765.00
12,140.00

60,030,000

Five dollars
Ten dollars
Twenty dollars

59,976,717.50

53,282.50

N o . 3 9 . — F R A C T I O N A L CURRENCY OP EACH DENOMINATION I S S U E D ,
•AND OUTSTANDING J U N E 30, 1909.

Denomination.

Total issued.

REDEEMED,

Redeemed
during year. Total redeemed. Outstanding.

Three ^pents
Five cents
Ten cents
Fifteen cents
Twenty-five cents..
Fifty cents.

$601,923.90
5,694,717.85
82,198,456.80
5,305,568.40
139,031,482.00
135,891,930.50

$15. 00
331.00
30.00
750.00
901. 00

$511,719.78
3,836,206.48
77,142,331. 43
5,065,575.69
134,763,007.01
132,136,513.45

$90,204.12
1,858,511.37
5,056,125.37
239,992.71
4,268,474.99
3,755,417.05

Total
Unknown, destroyed..
Net

368,724,079.45

2,=027. 00

353,455,353.84
32,000.00

15,268,725.61
32,000.00

368,724,079.45

2,027.00

353,487,353.84

15,236,725.61

N o . 4 0 . — C O M P O U N D - I N T E R E S T N O T E S OF EACH DENOMINATION I S S U E D , R E D E E M E D ,
AND OUTSTANDING J U N E 30, 1909.
Redeemed
Total issued. during year.

Denomination.
Ten dollars
Twenty dollars '.
FiftydoUars
One hundred doUars
Five hundred dollars
One thousand dollars

.. .

Total
redeemed.

Outstanding.

Total

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

$110
120

$23,265,310
30,094,190
60,762,750
45,062,600
67,835,000
39,416,000

$19,890
31,650
61,250
31,800
11,000
4,000

266,595,440

:. . .

230

266,435,850

159,590

No". 4 1 . — O N E AND Two Y E A R N O T E S OF E A C H DENOMINATION I S S U E D , R E D E E M E D ,
AND OUTSTANDING J U N E 30, 1909.
Redeemed
Total issued. during year.

Denomination.

Total
redeemed.

Outstanding.

Ten dollars
Twenty dollars
Fifty doUars
One hundred dollars
Five hundred dollars
One thousand dollars

$6,200,000
16,440,000
20,945,600
37,804,400
40,302,000
89,308,000

$10
40

$6,193,980
16,427,820
20,932,300
37,788,600
40,300,500
89,289,000

$6,020
12,180
13,3C0
15,800
1,500
19,000

Total
Unknown, destroved

211,000,000

50

210,932,200
10,590

67,800
10,590

Net.. •

211,000,000

50

210,942,790

57,210

13518—FI 1909

15




226

REPORT ON T H E FINANCES.

N o ; 4 2 . — U N I T E D STATES P A P E R CURRENCY OF E A C H CLASS, TOGETHER WITH
O N E AND T W O Y E A R N O T E S AND COMPOUND-INTEREST NOTES, I S S U E D ,
R E D E E M E D , AND OUTSTANDING J U N E 30, 1909.

Class.

Issued
during
year.

Total issued.

Redeemed
during year.

$60,030, 000.00
Old demand notes
United States notes
$132,940,000 4,099,285,808.00 $132,940,000.00
767,000.00
447,435, 000,
Treasury notes of 1890
294,710,000 3,741,169,880.46 261,892,000.00
Gold certificates
336,860,000 4,527,210, 000.00 326,796,000.00
SUver certificates
1,473,625,000.00
Currency certificates
2,027.00
368,724, 079.45
Fractional currency
50.00
211,000,000.00
One and two year notes..
- 230.00
Compound-interest notes.
266,595, 440.00
Total

Total
redeemed.
•$59,976,717.
3,752,604,792.
443,220,000.
2,888,568,011.
4,042,796,000.
1,473,625,000.
353,487,353.
210,942,790.
266,435,850.

Outstanding.

$53,282.50
346,681,016.00
4,215,000.00
852,601,869.00
484,414,000.00
15,236,725.61
57,210.00
159,590.00

764,510,000 15,195,075,207.91 722,397,307.00 13,491,656,514.1 1,703,418,693.11

N o . 4 3 . — U N I T E D STATES N O T E S AND T R E A S U R Y N O T E S R E D E E M E D IN GOLD, AND
IMPORTS AND EXPORTS OF GOLD, DURING EACH MONTH, FROM JANUARY, 1903.

Month.
1903—January
February..
March
AprU
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.
October
November.
December..
1907—January...
February..
March
April
May




United States
notes.

Treasury
notes.

Total.

Imports of
gold.o

$1,152, .500
$877,333
$146,685
$1,005,815
992,331
372,425
78,125
294,300
3,715,563
72,135
528,110
455,975
837,132
69,370
1,199,055
1,129,685
803,351
157,910
1,336,375
1,178,465
2,014,819
99,300
1,039,228
939,928
2,337,593
71,610
1,033,060
961,450
3,229,505
43,160
707,110
663,950
2,537,008
36,392
443,595
407,203
2,240,320
62,995
664,690
727,685
8,511,322
14,005
683,540
697,545
15,958,625
" 40,140
1,108,995
1,149,135
7,193,200
71,319
1,325,451
1,396,770
3,908,568
20,615
1,059,983
1,080,598
8,053,037
5,365
1,049,435
1,054,800
9,536,844
36,100
1,034,718
1,070,818
9,889,837
34,660
1,200,768
1,235,428
4,139,363
37,615
920,885
958,500
8,422,809
33,175
1,319,800
1,352,975
6,949,529
36,590
662,465
699,055
3,600,961
16,660
530,475
547,135
7,481,253
28,640
550,230
578,870
3,931,728
27,295
706,995
734,290
2,538,999
27,575
805,093
832,668
1,078,307
48,435
2,149,920
2,198,355
1,391,006
43,230
901,785
945,015
4,144,083
35,065
1,060,920
1,025,855
1,699,927
15,675
780,546
796,221
1,802,174
23,215
1,018,480
1,041,695
1,278,170
5,120
1,071,055
1,065,935
3,933,862
17,875
1,083,608
1,065,733
2,257,691
14,405
769,230
754,825
5,499,685
9,050
662,060
653,010
9,881,977
18,855
440,790
459,645
4,100,040
742,354
8,800
751,154
2,671,421
20,830
895,675
874,845
1,282,497
30,120
1,714,280
1,744,380
740,672
12,015
877,155
889,170
4,192,978
18,625
1,048,510
1,067,135
13,630,046
12,705
958,750
971,455
33,590,906
26,095
1,428,838
1,454,933
1,348,717
3,455
893,105
896,560
8,219,015
' 975,290
6,615
981,905
6,736,327
5,335
895,505
900,840
30,147,874
429,515
429,515
25,600,713
6,050
8S6,-255
892,305
7,726,631
9,705
1,173,440
1,183,145
6,489,511
10,208
1,409,842
1,420,050
2,222,081
20,115
.2,577,770
2,437,464
2,597,885
17,390
838,365
4,070,214
855,755
8,500
3,709,766
540,080
548,580
1,637,726
8,175
871,165
879,340
6,885
1,032,985
1,039,870
o Imports and exports of gold in the ore not included.

Exports of
gold.o
$.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
526,285
686,524
3,029,086
19,432,272
43,055,656
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
5,845,422
2,423,213
5,673,108
3,194,249
1,257,513
572,505
2,222,877
6,954,117
1,939,109
1,860,710
2,436,081
1,107,293
2,099,087
2,203,056
4,491,641

227

TEEASUEEE.

NOo 4 3 . — U N I T E D STATES N O T E S AND T R E A S U R Y N O T E S R E D E E M E D I N GOLD, AND
IMPORTS AND E X P O R T S OF GOLD, DURING EACH M O N T H , FROM JANUARY, 1903—

Continued.
United States
notes.

Month.

1907—June
July
August...
September
October...
November
December.
1908—January...
February..
March
iVpril
May
"..
June
July
August
September.
October...
November.
December.
1909—January...
February..
March
AprU
May
June
July
August
Septeraber.

No.

$1,060,675
2,719,495
2,087,130
1,721,800
2,661,785
572,670
479,385
1,907,345
1,657,635
2,839,545
1,747,930
1,173,660
1,709,927
2,034,995
1,292,974
1,356,690
978,765
1,702,130
2,428,820
3,340,950
1,424,805
1,515,912
1,139,705
1,356,800
1,411,990
1,063,330
1,308,315
690,627

Treasury
notes.
$2,300
3,600
13,850
205
2,235
565
3,600
2,245
1,605
200
3,885
4,400
5,315
3,810
4,765
950
1,800
4,105
3,815
4,605
1,000
505
2,300
3,050
700
1,555
300
100

Total.

$1,062,975
2,723,095
2,100,980
1,722,005
2,664,020
573,235
482,985
1,909,590
• 1,659,240
2,839,745
1,751,815
1,178,060
1,715,242
2,038,805
1,297,739
1,357,640
980,505
1,706,235
2,432,635
3,345,555
1,425,805
1,516,417
1,142,005
1,359,850
1,412,690
1,064,885
1,308,615
690,727

Imports of
gold.
$1,009,940
2,368,607
2,180,071
1,707,860
3,524,348
62,274,680
43,462,656
9,781,830
1,876,518
2,558,736
1,481,369
2,168,368
2,344,417
2,071,098
3,487,964
3,849,724
2,696,154
1,947,774
4,082,315
2,346,832
2,429,245
4,469,249
2,255,950
998,623
1,169,641
2,071,079
4,170,420
1,428,876

Exports of
gold.
$23,856,002
7,441,776
4,571,063
1,477,528
3,633,136
576,690
976, 455
430,543
1,956,664
1,440,630
14, 464,012
26,542,288
8,559,302
4,782,894
0,561,339
3,892,290
1,889,238
2,933,295
7,349,738
7,854,552
8,843,082
21,221,504
6,317,463
11,141,280
8,302,740
16,631,837
9,189,461
7,387,936

4 4 . — U N I T E D STATES N O T E S AND T R E A S U R Y N O T E S R E D E E M E D IN GOLD, AND
IMPORTS AND EXPORTS OF GOLD, DURING EACH FISCAL Y E A R FROM 1895.

Fiscal year.

1895 .
1896
1897
1898
1899.
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909

. .
.

U n i t e d States
notes.
$109,783,800
153,307,591
68,372,923
22,301,710
18,645,015
28,637,501
23,776,433
17,482,590
7,154,718
11,081,068
11,517,579
11,452,195
12,690,887
21,278,307
19,984,636




Treasury
notes.
$7,570,398
5,348,365
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
101,278
41,705
31,405

Total.

I m p o r t s of
gold.o

$117,354,198
158,655,956
78,201,914
24,997,963
25,642,265
35,598,337
24,223,111
18,757,180
8,267,245
11,555,044
11,858,254
11,645,005
12,792,165
21,320,012
20,015,941

$35,146,734
31,720,487
81,411,533
115,173,988
84,280,674
30,961,698
45,445,734
27,205,657
26,306,190
77,535,222
44,318,946
91,349,507
100,007,262
135,729,460
31,804,569

a Gold in the ore not included.

E x p o r t s of
gold.o
$66,131,183
112,309,136
40,114,722
15,324,929
37,507 771
48,218,168
52,968,446
47,599,796
46,793,212
80,726,919
91,658,950
39,119,266
50,998,891
72,070,067
91,083,573

228

REPORT ON T H E FINANCES.

N o . 4 5 . — T R E A S U R Y N O T E S OP 1890 R E T I R E D BY REDEMPTION IN SILVER DOLLARS
AND OUTSTANDING, TOGETHER WITH THE SILVER IN THE TREASURY PURCHASED
BY SUCH N O T E S , FOR EACH MONTH, FROM JANUARY, 1903.
Month.
1903—January...
February..
March
April
May
June
July
August
September.
October...
November.
Deceraber.
1904—January...
February..
March
April
May
,
June
,
July
August
September.
October...
Noveraber.
Deceraber.
1905—January..,
February.,
March
April
May..June
July
August
Septeraber
October...
November.
Deceraber.
1906—January..
February.,
March
Aprih
May
June
July
August
September
October...
November.
December.
1907—January..
February.
March
April
May
June
July
August
September
October...
Noveraber.
December.
1908—January...
February..
March
April
May
,
June
,
July
August
September.
October . .
November
December
1909—January ..
February .
March
April
May
June
July
August
September




Retired by
redemption. Outstanding,
$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
514,000
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
175,000
133,000
157,000
118,000
154,000
103,000
108,000
109,000
85,000
211,000
128,000
103,000
103,000
100,000
104,000
90,000
97,000
104,000
80,000
94,000
67,000
67,000
79,000
81,000
79,000
88,000
82,000
88,000
79,000
56,000
80,000
62,000
56,000
53,000
71,000
57,000
70,000
69,000
55,000
59,000
46,000
49,000
49,000

$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
11,013,000
11,331,000
11,019,000
10,702,000
10,330,000
10,111,000
9,865,000
9,617,000
9;413,000
9,165,000
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
6,912,000
6,827,000
6,616,000
^6,488,000
6,385,000
6,282,000
6,182,000
6,078,000
5,988,000
5,891,000
5,787,000
5,707,000
5,613,000
5,546,000
5,479,000
5,400,000
5,31.9,000
5,240,000
5,152,000
5,070,000
4,982,000
4,903,000
4,847,000
4,767,000
4,705,000
4,649,000
4,596,000
4,525,000
4,468,000
4,398,000
4,329,000
4,274,000
4,215,000
4,169,000
4,120,000
4,071,000

BuUion in
Treasury.
$21,940,052
20,972,163
20,146,491
19,165,230
18,463,267
15,836,557
15,836,557
15,001,548
14,982,959
13,016,046
12,711,491
.. -579,510
7,151,148
7,142,510
5,829,2.30
5,368,139
5,437,150
5,074,020
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

229

TSEAStTEfiE.
No.

4 6 . — T R A N S A C T I O N S BETWEEN THE SUBTREASURY AND CLEARING H O U S E
N E W Y O R K DURING EACH MONTH, PROM JANUARY, 1903.

Month.

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,
October...
November.
December.
1907—January..,
February..
March
April
,
May
June
• July
August
September.
October
November.
December.
1908—January...
February.,
March
April
. May
June
July
August
September,
October...
November.
December.
1909—January..
February.,
March
April
,
May
,
June
July
August —
September




Checks s e n t t o
clearing house.
$17,629, 065.77
18,794, 219.77
19,452, 891.18
16,162, 444.79
15,584, 144.53
15,675, 064.15
21,352, 287.08
19,412, 283. 54
16,438, 641.60
24,170, 432. 36
25,032, 520.86
20,338, 506.14
19,869, 173.93
19,140, 107.08
21,783, 531.68
17,329, 814.38
51,372, 324.51
19,214, 667.27
24,360, 480. 60
21,814, 238.53
26,154, 253.26
29,768, 061.18
22,559, 553.16
23,393, 269.24
25,693, 779. 04
21,615, 642. 37
31,154, 361.29
19,920, 879.23
25,860, 260.08
20,659, 148. 45
27,488, 118.04
26,073, 192.76
26,972, 085.09
28,235, 116. 35
23,270, 632.20
24,309, 278.05
25,456, 394.18
30,008, 404. 33
29,174, 220.00
23,738, 833.42
23,291, 358.19
24,473, 190.24
25,963, 205.01
31,101, 688.94
•23,917, 058.16
31,929, 493.03
23,982, 729.99
27,274, 123.10
23,812, 324.68
23,269, 992. 41
25,062, 275. 59
23,208, 102.21
21,632, 532.92
20,864, 865.38
28,764, 435.33
30,782, 311.55
24,983, 421.44
33,892, 636.66
28,556, 591.97
18,862, 343.70
20,287, 286.27
26,608, 121.64
24,802, 630.15
23,037, 257.40
26,176, 221.18
25,848; 826.01
30,710, 802.27
24,764, 721.78
34,207, 314.96
39,809, 942.01
33,263, 633.61
36,101, 209.32
27,653, 803.30
32,800; 185.60
29,194, 692.33
27,900, 695.19.
•27,685, 647.20
29,9£9j 716.96
38,556, 891.36
35,088, 909.6834,719, 056.26

Checks received
from c l e a r i n g
house.
$42,866,194. 57
27,086,737.87
27,187,821.09
38,575,784.49
34,696,91L 63
31,355,179.99
43,898,816.26
38,489,615.30
38,106,006.95
48,698,201.62
34,184,703.28
38,733,269.50
49,200,686.17
44,715,261.15
41,890,705. 64
47,787,187.02
72,891,013.31
38,334,047.66
52,133,572.23
45,554,515. 56
32,401,519.52
45,538,366. 31
39,845;967.94
40,310,027.91
50,860;165.08
36,177,131. 46
36,823,355.33
41,53i;173.16
36,320,575.76
38,997 108. 54
47,223',942.71
40,694,438. 55
32,676,093.16
40,686,938.83
32,351,829. 68
32,187,315.89
46,716,493.94
31,688,622.75
31,214,215.38
32,776,428.45
29,305,626.23
29,795,611. 40
47,068,368. 67
41,237,013. 83
26,997,138.94
42,556,658.85
30,740,017.18
32,288,780.63
44,822,538.29
34,265,137.69
37,746,229.90
42,994,465.83
38,191,399.28
34,195,552.74
54,054,139. 63
41,987,887. 40
31,659,037.19
39,110,722.73
16,856,939.93
14,652,801.00
57,084,775.26
52,212,932.49
55,613;884.92
65,924,686.07
66,556,169.30
67,218,270.04
76,982; 674.93
65,173',055.08
50,725, 444.32
63,257;916.35
53,253,192.51
55,842,115.58
78,340,859.97
55,779,637.63
59,668,666.37
58,963,309.45
67,314,410.09
56,147,626.57
64,723,251.30
57,992,969.22
46,277,901.42

Balances due
subtreasury.
$2,664,356.72
1,116,056.69
1,252,424.08
717.18
1,764,143.24
415,315.86
45,975.16
347,322.28
913,239.53
280,814.54
2,042,112.70
423,394.83
'4,"439;9ii*95'
1,715,797.58
2,873,929.05
1,089,120.44
1.38,791.49
2,504,723.70
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
556,894.30
638,113.11
1,059,374.77
325,392.65
7,268,975.27
3,750,494.87
1,453,127.16
724,748. 49
3,348,367.87
829,67L56
2,329,858.22
3,033, SOL 96
952,100.03
1,250,514.28
3,035,260.73
2,140,926.57
15,443.69
385,374.72
835,695.58
7,462. 54
163,05L84
3,546,013.55
3,471,583.68
4,962,869.90
12,161,572.97
4,903,464.78
1,677,327.92
276,154.23

1,003,190.58
992,113.86
323,035.57
1,276,882.14
937,570.28
805,731.89

830,639.44
1,264,695.09
1,638,285.52

IN

Balances due
clearing h o u s e .
$27,901, 485.52
9,408, 574.79
8,987, 353.99
22,413, 339.70
19,112 767.10
15,680; 833.02
24,310; 672. 42
19,492, 647.61
21,713, 340.61
24,875, 091. 54
10,065, 42L95
18,675, 577.90
31,373, 624.94
25,575, 154.07
20,530; 568.79 30,457, 372.64
25,958, 600.75
19,119, 380.39
29,488, 889.21
23,740,,277.03
9,121, 195.31
16,859, 425.57
17,286, 414.75
17,055, 550.16
27,671, 109.74
14,633, 639.38
8,856, 068.88
21,610, 293.93
12,306:,685.98
18,636: 396.01
22,425; 361.16
15,650, 463.96
9,127 982.50
13,008: 716.78
9,719; 310.59
8,937, 412.61
' 21,585, 492. 41
• 8,349, 193. 69
5,790, 490.26
10,490, 722.19
6,739 ,016.53
8,670: 789.03
21,934; 835.22
12,465, 183.11
6,113, --!.74
11,579,,265.86
8,007, 801. 47
" 8,049, 918.26
23,151, 140.18
11,010, 588.97
13,069, 329.03
20,622, 059.20
16,566, 328.90
13,493, 739.20
25,289, 704. 30
14,751, 589. 40
10,147, 199.43
10,180, 955.97
461, 920.93
693, 922.08
. 36,797, 488.99
27,282, 138.77
31,087, 409.00
42,887, 428.67
40,379, 948.12
41,369,,444.03
47,275,,063.24
40,408, 333.30
17,510, 243.22
23,771,,009.91
21,266,,44L04
20,678,, 476.54
50,687,,056.67
23,785,,183.92
30,473,, 974.04
31,062,, 614.26
29,628,,762.89
26,157,,909.61
26,996,,999.88
24,168:, 754.63
13,197;,130.68

230

REPORT ON T H E FINANCES.

N o . 4 v . — A M O U N T OF EACH K I N D OF M O N E Y U S E D IN SETTLEMENT OF CLEARINGH O U S E BALANCES AGAINST THE SUBTREASURY IN N E W Y O R K DURING EACH
M O N T H , FROM JANUARY, 1903.
Month.
1903—January...
February..
March
April
May
Jime
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
AprU
May
June
July
August
September.,
October....
November.
December..
1907—January
February..,
March
AprU
May
June
July
August
September.
October
" November..
December..
1908—January
February...
March
,
April
,
May
June
July
August
September..
October
November..
December..
1909—January —
February...
March
April
May
June
July
August
September .




Gold'coin.

UnitedStates
notes.

Treasury
notes.

Silver
Gold
certificates. certificates.
$27,
9,
8,
22,
19,
15,
24,
19,
21,
24,
10,
18,
31,
13,
12,
30,
25,
19,
29,
23,
9,
16,
17,
17,
27,
14,

$12,500,000
8,300,000

2?;
12,
18,
22,
15,
9,
12,

1,775,

;;ooo,
68,
400;
228
,013;
634,
166,
890,
472,
162,
976,
153,
097,

231

TREASURER.

No.

4 8 . — S H I P M E N T S OF SILVER COINS PROM EACH OFFICE OF THE TREASURY AND
MINTS FROM J U L Y 1, 1885.

During fiscal year 1909.
Total to June 30,
1908.

Oflace.

Subsidiary
silver.

Standard
dollars.

Total to June 30,
1909.

TREASURY.

Washington
Baltimore
Boston
Chicago
Cincinnati
New Orleans
New York
Philadelphia
St. Louis
San Francisco

$36,902,304.64
11,767,077. 98
73,326,400. 65
231,412, 398.63
106,768,918.10
136,509,694. 07
102,623,844.54
75,366, 376. 86
177,271,016. 48
67,396, 902. 25

300.00
44,550.00
487 200.00
4,095,000.00
2,384,030.00
1,670,500.00
• 268,
700.00
904,500.00
1,491 650.00
129,800.00

$959, 916.60
518: 558.00
1,602,974. 80
6,418, 814. 00
2,267, 068. 40
2,828, 534. 25
5,689,253.00
2,446,757. 20
4,994,420.00
3,124,340.00

$38,090,521.24
12,330, 185.98
75,416,575. 45
241,926,212.63
111,420,016.50
141,008,728.32
108,581,797. 54
78,717, 634.06
183,757, 086.48
70,651,042.25

6,976.00
153,974.00

2,100.00
1,038,600.00
4,167,23L50

653,630.00
172,125.00
71,213,402.70
39,313,692.68
7,697,990.00

11,865,180.00

36,0.58,567.75

1,180,950,640.83

MINTS.

Carson City
Denver
New Orleans
Philadelphia
San Francisco

653,630.00
170,025.00
70,167,826.70
34^,992,487.18
7,697,990.00

Total

1,133,026,893.08

N o . 4 9 . — S H I P M E N T S OP SILVER COIN FROM THE TREASURY OFFICES AND MINTS
DURING EACH FiSCAL Y E A R FROM 1895, AND CHARGES THEREON FOR TRANSPORTATION.

Standard
dollars.

Fiscal year.

1895
1896
1897
1898
1899
1900.
1901
1902
1903
1904
1905
1900
1907
1908..
1909

•
-

. .

.

.

$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
41,182,154.00
41,032,715.00
44,988,746.00
41,562,828.00
; . 37,500.118.00
31,466,911.00
(o)
:.

Subsidiary
silver.

Total.

$11,885,117.47
12,458,107.03
12,029,955.29
15,330,205.24
17,018,536.65
19,707,902.55
21,075,146.85
21,871,959.35
24,112,444.65
24,382,947.90
27,606,184.80
29,378,631.40
30.395,662.55
31,438,830.99
36,058,567.75

$39,040,584.27
40,870,407.38
41,629,990 39
48,600,815.24
50,323,798.65
55,992,694.35
59,413,665.85
62,276,284.35
65,294,598.65
65,415,662.90
72,594,930.80
70,941,459.40
67.895,780.55
62,905,741.99
36,058,567.75

Charges.

$78,333.84
78,755.54
81,526.24
110,065.53
111,741.61
125,969.37
125,742.99
124,003.65
132,265.05
126,359.81
•137,597.21
152,184.90
163,051.55
154,069.35
104,443.28

a $11,865,180 in standard silver dollars shipped at the expense of the consignee.




Rate per
$1,000.
2.01
1.93
1.96
2.26
2.22
2.25
2.12
1.99
2.03
1.93
1.90
2 15
2.40
2 45
2.90

232

BEPOUT Oisr THFl EINANCES.

N o . 5 0 . — B A L A N C E IN THE TREASURY OF THE U N I T E D STATES; AMOUNT IN T R E A S URY OFFICES, AND AMOUNT IN DEPOSITARY B A N K S , AT THE E N D OF EACH CALENDAR
Y E A R FROM THE ADOPTION OF THE CONSTITUTION IN 1789 TO 1842, AND AT THE
E N D OF EACH FISCAL Y E A R THEREAFTER TO 1909.
Balance in the Treasury .a
Date.

1789—December 31
1790—March 31
June 30
Septeraber 30
Deceraber 31
1791_june 30
September 30
December 31
1792—March 31
June 30
September 30
December 31
^
1793—March 31
June 30
December 31
1794—December 31
1795—December 31
1796—December 31
1797—December 31 . .
1798—December 31
1799_December 31
1800—December 31
1801—December 31
1802—December 31
1803—December 31
1804—December 31
1805—December 31
1806—December 31
1807—December 31
1808—December 31
1809—December 31
1810—December 31
1811—December 31
1812-^December 31
1813—December 31
1814—December 31
1815—December 31
1816—December 31
1817—December 31
1818—December 31
1819—December 31
1820—December 31
1821—December 31
1822—December 31
1823—December 31
1824—December 31
1825—December 31
1826—December 31
1827—December 31
1828—December 31
1829—December 31
1830—December 31
1831—December 31
1832—December 31
1833—December 31
1834—December 31
1835—December 31
1836—December 31
1837—December 31
1838—December 31
1839—December 31
1840—December 31
1841—December 31
1842^December 31
1843—June 30
1844—June 30
1845—June 30
1846—June 30.
1847—June 30
1848-June 30

In Treasury
offices.

$10,490.54

232.14

-

-...

:

7o6,6o6.6o

In depositary
banks.

Total.

Number
of
depositary
banks.

3
. $28,239.61
$28,239.61
60,613.14
60,613.14
3
3
155,320.23
155,320.23
3
349,670.23
349,670.23
3
570,023.80
570,023.80
571,699.00
3
582,189.54
4
679,579.99
679,579.99
b
973,905.75
973,905.75
6
751,377.34
751,377.34
9
623,133.61
623,133.61
9
420,914.51
420,914.51
8
783,212.37
783,444.51
1,035,973.09
1,035,973.09
561,435.33
561,435.33
753,661.69
753,661.69
1,151,924.17
1,151,924.17
516,442.61
516,442.61
888,995.42
888,995.42
1,021,899.04
1,021,899.04
617,451.43
617,451.43
2,161,867.77
2,161,867.77
2,623,311.99
2,623,311.99
3,295,391.00
3,295,391.00
5,020,697.64
5,020,697.64
4,825,811.60
14
4,825,811.60
4,037,005.26 '
16
4,037,005.26
3,999,388.99
3,999,388.99
15
4,538,123.80
4,538,123.80
9,643,850.07
9,643,850.07
9,941,809.96
9,941,809.96
3,848,056.78
3,848,056.78
2,672,276.57
2,672,276.57
3,502,305.80
3,502,305.80
3,862,217.41
3,862,217.41
^
5,196,542.00
5,196,542.00
1,727,848.63
1,727,848.63
13,106,592.88
13,106,592.88
22,033,519.19
22,033,519.19
94
14,989,465.48
14,989,465.48
1,478,526.74
29
1,478,526.74
2,079,992.38
2,079,992.38
1,198,461.21
1,198,461.21
1,681,592.24
1,681,592.24
58
4,193,690.68
4,193,690.68
9,431,353.20
9,431,353.20
66
1,887,799.80
1,887,799.80
58
5,296,306.74
5,296,306.74
60
6,342,289.48
6,342,289.48
69
6,649,604.31
6,649,604.31
69
5,965,974:27
66
5,965,974.27
4,362,770.76
40
6 4,362,770.76
4,761,409.34
40
4,761,409.34
3,053,513.24
42'
3,053,513.24
41
911,863.16
911,863.16
10,658,283.61
62
10,658,283.61
7,861,093.60
60
7,861,093.60
25,729,316.72
44
25,729,315.72
45,056,833.54
45,756,833.54
91
5,779,343.01
c6,804,953.64
64
5,364,887.61
43
6,633,715.23
3,992,319.44
27
4,683,416.48
11
290,532.18
1,704,561.80
170,361.73
375,692.47
19
1,699,709.09
2,079,908.13
26
10,525,267.10
11,195,156.21
30
8,222,651.19
8,612,850.23
34
7,385,450.82
8,110,649.86
43
8,915,869.83
9,683,869.83
49
5,446,382.16
758,332.15
Treasurer of the United States to Dec. 31, 1821,

1,025,610.63
1,268,827.62
691,097.04
.
1,414,029.62
205,330.74
380,199.04
669,889.11
390,199.04
725,199.04
768,000.00
•
5,446,382.16
758,332.16
aThis statement is made from warrants paid by the
and by warrants issued after that date.
6 The 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 tbe Treasury Department by the act of Oct. 2,1837, is not included from and after this date.




233

TEEASUBES,

Moo 5 0 . — B A L A N C E IN T H E T R E A S U R Y OP THE U N I T E D STATES; AMOUNT IN T R E A S URY OFFICES, AND AMOUNT IN DEPOSITARY B A N K S , ETC.—Continued.

Balance in t h e Treasury.
Date.
In Treasury
offices.
1849—June 30.
1850—J u n e 30.
1851—J u n e 30.
1852—June 30.
1853—J u n e 30.
1854—June 30.
1856—J u n e 30.
1866—June 30.
1857—J u n e 30.
1858—June 30.
1859—June 30.
1860—June 30.
1861—June 30.
1862—June 30.
1863—June 30.
1864—June 30.
1865—June 30.
1866—J u n e 30.
1867—June 30.
1868—June 30.
1869—June 30.
1870—June 30.
1871—June 30
1872—June 30.
1873—J u n e 30.
1874—June 30.
1 8 7 5 - J u n e 30.
1876—J u n e 30,
1877—June 30.
1878—June 30.
1879—J u n e 30.
1880—June 30.
1881—June 30.
1882—J u n e 30.
1883—J u n e 30.
1884—June 30.
1885—J u n e 30.
1886—June 30.
1887—June 30.
1888—June 30.
1889—June 30.
1890—June 30-.
1891—June 30.
1892—June 30.
1893—June 30,
1894—June 30
1895—June 30.
1896—June 30.
1897—June 30.
1898—June 30.
1899—June 30,
1900—June 30
1901—June 30,
1902—June 30,
1903—J u n e 30
1904—June 30,
1905—J u n e 30,
1906—June 30
1907—June 30,
1908—June 30
1909—June 30




$3,208 822.43
7,431 022.72
12,142 193.97
15,097: 880.36
22,286 462.49
20,300; 636. 61
19,529, 841.06
20,304, 844.78
18,218, 770.40
6,698, 157.91
4,685, 625.04
3,931, 287.72
2,005, 285.24
18,265, 984. 84
8,395, 443. 73
72,022, 019. 71
2,374; 744.10
78,352 599.12
135,270: 243. 53
92,353; 732. 20
117,944, 915. 43
67
105,279
84,819' 993. 41
61,935, 763. 46
52,528, 793. 53
64,723, 630. 48
51,712, 042.19
51,427 414.23
84,394, 007.01
130,570, 578.15
159,020, 734.90
160,528, 170. 50
173,974, 146.61
152,941, 618.24
151,579, 255.91
154,557, 552.96
171,851, 780.21
218,277, 107.25
188,625, 383.03
189,395, 440. 65
167,646, 333.23
164,061, 481.40
135,448, 137.33
118,728, 662. 52
114,862, 278. 94
108,462, 220. 55
185,369, 687.37
258,221, 832. 65
232,304, 043.90
175,438, 942.32
214,193, 189.26
214,206, 233. 65
234,964, 115.04
245,045, 797.03
248,685, 097. 53
217,591, 929. 57
230,674, 025. 59
249,958. 296.77
255,257; 493. 51
247,479, 310. 94
215,947, 902. 41

In depositary
banks.

766.39
24,066 186.19
34,124: 171. 54
25,904 930. 78
22,779; 797. 62
8,597, 927. 34
8,206; 180. 34
6,919, 745.59
12,501, 595. 08
7.233, 551.11
7,435, 906. 69
11,562, 679. 52
7,520, 194. 76
7,299, 999.28
46,928, 268. 56
208,033, 840.24
7,771, 233.90
8,704, 830.83
9,381, 712.90
9,803, 381.79
10,488, 827. 63
10,770, 579.96
13,822, 070.80
18,975, 315. 41
64,698, 728.36
43,090, 750.53
26,779, 703.32
21,399, 689.16
10,450, 130.01
9,962, 526.00
10,423, 767.61
10,978, 505. 80
11,415, 474. 42
12,162, 158.05
33,843, 700.81
70,295, 326.94
92,621, 371.72
93,442, 683.09
117,14i; 564.13
140,001, 016.70
104,459: 638. 45
64,803: 466. 30
80,731: 058.05
166,803: 951.96
147,692, 0.36. 79
60,427 ;525.69

Total.

$3,208 ,822.43
7,431 ,022.7212,142 193.97
15,097 880.36
22,286; 462.49
20,300, 636. 61
19,529, 841.06
20,304, 844.78
18,218, 770. 40
6,698, 157.91
4,685,625.04
3,931, 287. 72
2,005,285.24
18,265, 984. 84
8,395, 443. 73
112,002, 776.10
26,440, 930. 29
112,476, 770. 60
161,175, 174. 31
115,133, ,529. 82
126,542, 842. 77
113,485, 981.01
91,739, 739. 00
74,437, 358. 54
59,762, 346. 64
72,159, 597.17
63,274, 72L 71
58,947, 608.99
91,694,006.29
177,498. 846.71
367,054; 575.14
168,299, 404.40
182,678, 977.44
162,323, 331.14
161,382, 637.70
165,046, 380.59
182,622, 360.17
232,099, 178.05
207,600, 698. 44
244,094, 169.01
210,737,083.76
190,841, 184.72
156,847, 826. 49
129,178, 792.53
124,824: 804.94
;
118,885: 988.16
196,348: 193.17
269,637: 307.07
244,466: 201.95
;
209,282: 643.13
284,488: 516.20
306,827' 605.37
328,406: 798.13
;36L16
362,187:
388,686: 114.23
322,051' 568.02
295,477: 491.89
330,689: 354.82
;
422,06I: 445. 47
395,171' 347. 73
276,375;428.10

Number
of
depositary
banks.

204
330
382
385
370
276
148
159
163
158
154
146
143
145
124
127
131
130
134
140
135
132
160
200
290
270
205
185
159
160
155
160
160
168
172
357
442
448
677
713
842
837
928
1,255
1,436
1,414

234
No.

BEPORT ON T H E EINANCES.
5 1 . — N A T I O N A L B A N K S DESIGNATED AS DEPOSITARIES OP PUBLIC MONEYS,
WITH THE BALANCE H E L D SEPTEMBER 30, 1909.
REGULAR DEPOSITARIES.

Title of bank.

To the credit
of the Treasurer, of the
United States
and United
States
disbursing
officers.

Alabama.
First National Bank, Birmingham..
Traders' National Bank, Birmingham
Bank of Mobile National Banking
Association, Mobile
First National Bank, Montgomery..
City National Bank, Tuscaloosa

Title of bank.

Delaware.
$92,172.42

First National Bank, Wilmington...

50,000.00

District of Columbia.

49,950.00
49,988.25
44,931.30

Commercial National Bank, Washington
National Bank of Washington, Washington

Alaska.
First National Bank, Fairbanks
First National Bank, Juneau

99,560.26
88,927.88

Arizona.
First National Bank, Douglas
First National Bank, Nogales
Phoenix National Bank, Phoenix...
Prescott National Bank, Prescott...
Consohdated National Bank, Tucson.

25,000.00
23,760.46
50,000.00
40,000.00
50,000.00

Arkansas.
Exchange National Bank, Little
Rock

39,945.80
40,000.00
25,000.00
300,092. 80
42,106.94
40,000.00

50,519.79
39,526.78
169,370.38
100,000.00
29,995.00
110,199.74
100,000.00

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
Logan County National Bank, Sterling

393,675.57
449,237. 32
370,036.14
71,85L15
50,000.00
79,622. 49
24,82L40

Connecticut.
First Bridgeport National Bank,
Bridgeport
City National Bank, Bridgeport
Charter Oak National Bank, Hartford
Hartford National Bank, Hartford..
Second National Bank, New Haven..
National Bank of Commerce, New
London
:
Thames National Bank, Norwich...




$49,403.06

177,009.20
468,120. 88

, Florida.
First National Bank, Gainesville
Atlantic National Bank, Jacksonville
Barnett National Bank, Jacksonville,
,
First National Bank, Key West
First National Bank, Pensacola
Araerican National Bank, Pensacola
First National Bank, Tarapa
Exchange National Bank, Tarapa..

42,595.21
25,920. 57
98/931.02
47,156. 99
27,122.97
50,000.00
124,896. 43
39,902.49

Georgia.
100,450.36

California.
First National Bank, Eureka
First National Bank, Fresno
Farmers' National Bank, Fresno
First National Bank, Los Angeles...
First National Bank, Oakland
California National Bank, Sacramento
National Bank of D. 0 . Mills & Co.,
Sacramento
First National Bank, San Diego
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

To the credit
of the Treasurer of the
United States
and United
States
disbursing
officers.

74,960.67
26,050.48
75,027.19
25,000.00
49,962.45
25,000.00
30,000.00

Atlanta National Bank,- Atlanta
Lowry National Bank, Atlanta
"
,
Coramercial National Bank, Macon.
Merchants' National Bank, Savannah

123,748.29
271,425.51
50,000.00
174,652. 28

Hawaii.
First National Bank of H a w a i i ,
Honolulu
Idaho.
First National Bank, Blackfoot
Boise City National Bank, Boise
Exchange National Bank, Coeur
d'Alene
Hailey National Bank, Hailey
First National Bank, Lewiston
Illinois.
First National Bank, Chicago
Coramercial National Bank, Chicago
Corn Exchange National Bank, Chicago
Hamilton National Bank, Chicago..
Danville National Bank, Danville..
Milikin 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
Comraercial-Gerraan N a t i o n a l
Bank, Peoria
Illinois National Bank, Peoria
Merchants' National Bank, Peoria..
Quincy National Bank, Quincy
Ricker National Bank, Quincy
,
RockJsland National Bank,'^Rock
Island
First National Bank, Springfield....
Illinois National Bank, Springfield..
State National Bank, Spnngfield...,

484,147. 78

51,822.42
104,095.34
25,000.00
24,958.58
24,933.21

250,000.00
250,000.00
341,747.96
150,000.00
198,960.87
24,675.98
75,000.00
300,000.00

300,000.00
"350,000. 00
350,000.00
471,826. 85
350.000. 00
349,934.76
25.000. 00
25,000.00
50.000. 00
43,894.51
40,000.10
39,602.55

235

TEEASUEEE.

N o . 5 1 . — N A T I O N A L B A N K S DESIGNATED AS DEPOSITARIES OP PUBLIC MONEYS,
WITH THE BALANCE H E L D SEPTEMBER 30, 1909—Continued.
REGULAR DEPOSITARIES-Continued.

Title of bank.

To the credit
of the Treasurer of the
United States
and United
States
disbursing
officers.

To the credit
of the Treasurer of the
United States.
and United
States
disbursing
officers.

Title of bank.

Indiana.

Kentucky—Cont'mued.

Old State National Bank, Evansville
First National Bank, Fort Wayne..
Hamilton National Bank, Fort
Wayne
First National Bank, Hammond
Citizens' German National Bank,
Hammond
American National Bank, Indianapohs
Capital National Bank, IndianapoUs.
Indiana National Bank, Indianapolis
Merchants' National Bank, Indianapolis
Dearborn National Bank, Lawrenceburg
People's National Bank, Lawrenceburg
Marion National Bank, Marion
Citizens' National Bank, South
Bend
South Bend National Bank, South
Bend
First National Bank, Terre Haute..
First National Bank, Vinceimes
German National Bank, Vincennes..

Lexington City National .Bank, Lexington
;
First National Bank, Louisville
Third National Bank, Louisville
American National Bank, Louisville
Citizens" National Bank, Louisville..
National Bank of Kentucky, Louis- I
ville
Southern National Bank, Louisville.
Union NationalBank, Louisville 1
State National Bank, Maysville
First National Bank, Owensboro
National Deposit Bank, Owensboro.
City National Bank, Paducah

$49,176.91
25,000.00
25,000.00
^ 125,000.00
125,000. 00
46,857. 58
50,000. 00
220,058.39
50,000.00
100,000.00
100.000.00
230,479. 82
25,000.00
25,000.00
199,829. 70
50,000. 00
50,000.00

Iowa.
First National Bank, Burlington
Cedar Rapids National Bank, Cedar
Rapids
City National Bank, Clinton
First National Bank, Council Bluffs.
First National Bank, Davenport
Citizens' National Bank, Des Moines.
Des Moines National Bank, Des
Moines
Iowa National Bank, Des Moines....
Valley National Bank, Des Moines..
Second National Bank, Dubuque
First National Bank, Ottumwa
First National Bank, Sioux City
Security National Bank, Sioux City.

30,000.00

30,000. 00
25,000. 00
30,000. 00
60,000. 00
58,894. 56
60,291.55
74,064.86
24,937.68
50,000. 00
50,004. 60
25,000. 00
120,67L23

Kansas.
National Bank of Commerce, Dodge
City
First National Bank, Junction City.
Lawrence National Bank, Lawrence.
First National Bani?:, Leavenworth..
Leavenworth National Bank, Leavenworth
First National Bank, Pittsburg
Merchants' National Bank, Topeka.

50,000.00
• 25,000.00
25,014.24
179,880.41
142,085.84
25,000.00
135,779.00

Kentucky.
Citizens' National Bank, Bowling
Green
Carrollton National Bank, Carrollton
First National Bank, Covington
Citizens' National Bank, Covington.
German National Bank, Covington..
Farmers' National Bank, Danville..
State National Bank, Frankfort
Lawrenceburg National Bank, Lawrenceburg




25,000.00
40,000.00
74,952.12
75,000. 00
75,000.00
50,146.44
76,000.00
50,000.00

$75,000.00
149.802.62
59,995.50
150,984.80
149,866.66
150,000. 00
150,000. 00
330,745.09
25,000.00
60,152.85
59,926.66
29,844.69

Louisiana.
Whitney-Central National
New Orleans

Bank,

Maine.
Granite National Bank, Augusta
First National Bank, Bangor
First National Bank, Houlton
Portland National Bank, Portland..
Maryland.
Third National Bank, Baltimore...
Citizens' National Bank, Baltimore..
Merchants' National Bank, Baltimore
National Exchange Bank, Baltimore
National Mechanics' Bank, Baltimore
First National Bank, Ciunberland...
Second National Bank,Cumberland.
Second Natiohal Bank, Hagerstown.
Massachusetts.
First National Bank, Boston
Merchants' National Bank, Boston..
National Shawmut Bank, Boston...
Mechanics' National Bank, New
Bedford
First National Bank of West Newton, Newton
Third National Bank, Springfield...
Mechanics' National Bank, Wor-^
cester
Michigan.
First National Bank, Bay City
First National Bank, Detroit
Oid Detroit National Bank, Detroit..
Fourth National Bank, Grand
Rapids
Houghton National Bank, Houghton
Miners' National Bank, Ishpeming..
City National Bank, Kalamazoo
First National Bank, Marquette
First National Bank, Menominee....
First National Exchange Bank, Port
Huron
Second National Bank, Saginaw
First National Bank, Sault Ste.
Marie

275,964.80
68,227.22
50,000.00
25,000.00
89,675.88
125,000.00
125,000.00
103,486.32
143,213.54
125,000.00
25,000.00
40,000.00
25,000. 00

700,000.00
100,000.00
1,202,671.25
40,000.00
91,472.29
100,000.00
25,000.00

50,000.00
330,877.12
100,000.00

149,552.25
25,000.00
50,000.00
25,000.00
23,831.47
25,000.00
40,000.00
75,000.00
30,000.00

236

BEPOBT ON T H E FINANCES.

N o . 5 1 . — N A T I O N A L B A N K S . DESIGNATED AS DEPOSITARIES OP PUBJJIC M O N E Y S ,
WITH THE BALANCE H E L D SEPTEMBER 30, 1909—Continued.
REGULAR DEPOSITARIES-Continued.

Title of bank.

To the credit
of the Treasurer of the
United States
and United
States
disbursing
officers.

New Jersey.

Minnesota.
Merchants' National Bank, Crooks:
ton
First National Bank, Duluth
First National Bank, Minneapolis...
Northwestern, National Bank, Minneapolis
First National Bank, St. Paul...'....
Second National Bank, St. Paul
National German-American Bank,
St. Paul
Mississippi.

Bridgeton National Bank, Bridgeton
$24,606.16
150,000.00 Camden National Bank, Camden..
145,648.01 National State Bank, Elizabeth
First National Bank, Jersey City....
25,000.00 Essex Couijty National Bank, Newark
398,599.06.
399,915.24 Union National Bank, Newark
Passaic National Bank, Passaic
First National Bank, Paterson
25,000.00 Paterson National Bank, Paterson..
First National Bahk, Perth Amboy.
First National Bank, Trenton

First National Bank, Vicksburg
' Missouri.
First National Bank, Kansas City....
National Bank of Commerce, Kansas
City
National Bank of the Repubhc,
Kansas City
First National Bank of Buchanan
County, St. Joseph
German-Araerican National Bank,
St. Joseph
Mercantile National Bank, St. Louis.
Merchants'-Laclede National Bank,
St. Louis
National Bank of Comhierce, St.
Louis
State National Bank, St, Louis

47,332.11

169,754. 33
249,685.26
150,000.00
78,392.70
30,000.00
50,000.00
150,750.00
150,000.00
172,901.57

30,000.00
24,412.64
75,000.00
25,000.00
49,982.38
99,377.53
183,962.87
27,224.20
25,000.00
70,000.00
69,925.01

Nebraska.
First National Bank, Lincoln
First National Bank, Omaha
Merchants' National Bank; Omaha..
.Nebraska National Bank, Omaha...
Omaha National Bank, Omaha
United States National Bank,
Omaha
Nevada.
Farmers and Merchants' National
Bank, Reno
.

°

New Hampshire.
First National Bank, Concord
Manchester National Bank, ManChester
First National Bank, Portsmouth...
New Hampshire National Bank,
Portsmouth




$25,000.00
43,019. 34
46,000.00
125,000.00
25,000. 00
125,204.40
25,000.00
40,056.10
40,000. 00
40,000. 00
106,405.99

Netv Mexico.
First National Bank, Albuquerque..
State National Bank, Albuquerque
Fhst National Bank, Clayton
First National Bank, Roswell
First National Bank, Santa Fe
First National Bank, Tucumcari...

Montana.
Yehowstone National Bank, Bihings.
Commercial National Bank, Bozeman
• First National Bank, B utte
First National Bank, Glasgow
First National Bank, Great Falls...
American National Bank, Helena...
National Bank of Montana, Helena..
Conrad National Bank, Kahspeh:..
First National Bank, Lewistown
State National Bank, Miles C i t y . . . .
Western Montana National Bank,
Missoula

Title of bank.

To the credit
of the Treasurer of the
United States
and United
. States
disbursing
officers.

49,859.02
129,041.14
150,000.00
149,905.03
393,482.51
149,852.49

62,606.86
39,990.29

New York.
First National Bank, Albany
92,484 22
National Coramercial Bank, Albany.
89,920.60
First National Bank, Binghamton..
29,914.65
Nassau National Bank, Brookljm...
200,898.92
National Oity Bank, Brooklyn
150,000.00
Third National Bank, Buffalo
100,000.00
Marine National Bank, Buffalo
100,000.00
Second National Bank, Elmira
.40,000.00
American Exchange National Bank,
New York
190,726.15
Chemical National Bank, NewYork.
150,000.00
Citizens' Central National Bank,
151,121. 92
New York
Hanover National Bank, New York.
150,000. 00
National Bank of Commerce, New
York
323,531. 29
.National City Bank, New York
250. 000. 00
New York County National Bank,
New York
• 150, ooa 00
Phenix National Bank, New York..
150,000.00
State National Bank, North Tonawanda
25,000. 00
National Bank of Ogdensburg, Ogdensburg
40,000. 00
1 Fust National Bank, Oswego
49,296.78
! Westchester County National Bank,
PeekskiU
,
125,000.00
1 Plattsburg National Bank, Plattsi burg
22,823. 59
Lincohi National Bank, Rochester .
74,179. 99
• Traders' National Bank, Rochester..
'
25,07L41
' Third National Bank, Syracuse
80,044.38
Manufacturers' National Bank,
i Troy
54,355. 62
N ational State Bank, Troy
25,000. 00
First National Bank Utica
25,000. 00
Second National Bank, Utica
50,037.08
Watertown National Bank, Watertown
-.
50,000. 00
North Carolina,

American National Bank, Asheville.
Commercial National Bank, Char, lotte..
:
25,000.00 First National Bank, D u r h a m . . . . . .

26,000.00
. 177,106.64

125,000.00
48,788.66
25,830.47
25,000.00
47,839.97
24,675.90

60,000. 00
75,000:00
50,000.00

237

TREASURER.
No.

51o—NATIONAL B A N K S DESIGNATED AS DEPOSITARIES- OF PUBLIC M O N E Y S ,
WITH THE BALANCE H E L D SEPTEMBER 30, 1909—Continued.
REGULAR DEPOSITARIES-Continued.

Title of bank.

To the credit
of the Treasurer of the
Uiuted States
and Uiuted
States
disbursing
officers.

North CaroZina—Continued.
Citizens' National Bank, Durham..
Greensboro National Bank, Greensboro
Citizens' National Bank, Raleigh..
First National Bank, StatesviUe
People's National Bank, Winston..

Pennsylvania.
$50,000.00
50,000. 00
89,153.10
37,215.16
81,329.35

North Dakota.
First National Bank, Bismarck
Dakota National Bank, Dickinson..
. First National Bank, Fargo
Second National Bank, Minot
Citizens' National Bank, WiUiston..

39,999. 98
25,000.00
100,000.00
49,900.00
50,000.00

Ohio.
Fhst National Bank, Athens
First National Bank, ChUlicothe
First National Bank, Cincinnati
Second National Bank, Cincinnati..
Foiurth National Bank, Cinchmati..
Fifth-Third National Bank, Cincinnati
Citizens' National Bank, Cincinnati.
Market National Bank, Cincinnati.
First National Bank, Cleveland
Baiik of Commerce, National Association, Cleveland...'.
Deshler National Bank, Columbus..
Hayden-Clinton National Bank,
Columbus
Thud National Bank, Dayton
First National Bank, HamUton
Second National Bank, HamUton...
Merchants' National Bank, Middletovm
Fhst National Bank, Portsmouth...
Commercial National Bank, Sandusky
First National Bank, Toledo."
Second National Bank, Toledo
Troy National Bank, Troy

23,360.72
25,000.00
201,000.00
246,964.92
200,000.00
200,000.00
200,000.00
200,000.00

100, ooa 00
125,000.00
100,061 28
40,000.00
200,000.00
26,144.-48
25,000.00
75,000.00
30,000.00

25,000.00
25,569.30
24.999.00
50,000.00
40,000.00
75,000.00
75,000.00
75,000.00

250,000.00
24,311.38

Oregon.
First National Bank, Bums
La Grande National Bank, La
Grande
First National Bank, Lakeview
First National Bank, Portland
Merchants' National Bank, Portland
United States National Bank, Portland




Merchants' National Bank, AUentown
First National Bank, Altoona
First National Bank, Easton
First National Bank, Erie
First National Bank Harrisburg
Conestoga National Bank, Lancaster.
New First National Bank, MeadvUle
Second National Bank, PhUadelphia.
Com Exchange National Bank,
PhUadelphia
Farmers and Mechanics' National
Bank, PhUadelphia
Merchants' National Bank, Philadelphia
Quaker City National Bank, PhUadelphia
Second National Bank, Pittsburg
Columbia National Bank, Pittsburg.
Mellon National Bank, Pittsburg...
Miners' National Bank, PottsviUe...
First National Bank, Reading
Third National Bank, Scranton
First National Bank, Wilkes-Barre..
First National Bank, York

25,000.00
40,000.00
26,667.94
899,972.04
149,887.51

195,261.59

$25,000.00
50,000.00
25,000.00
46,153.74
50,000.00
59,979.64
50,000.00
25,000.00
248,824.51
50,000.00
150,000.00
150,000,00
150,000.00
150,000.00
400,000.00
25,000.00
50,000.00
74,330.94
40,000.00
40,000.00

Rhode Island.
Aquidneck National Bank, Newport....Merchants' National Bank, Providence

49,122.93
126,041.97

South Carolina.
First National Bank, Charleston...
Palmetto National Bank, Columbia
National Union Bank, Rock HUl

25,000.00 I
50,127. 68
South Dakota.
51,122. 55 Aberdeen National Bank, Aberdeen
50,000.00
Whi tbeck National Bank,Chamber-

Oklahoma.
First National Bank, Alva
Ardmore National Bank, Ardmore..
Citizens' National Bank, EI Reno...
Guthrie National Bank, Guthrie
National Bank of Commerce, Guthrie
First National Bank, Lawton
First National Bank, Muskogee
Commercial National Bank, Muskogee
Western National Bank, Oklahoma
City
First National Bank, Woodward-...

Title of bank

To the credit
of the Treasurer of the
United States
and United
States
disbursing
officers.

100,492.42
80,000.00
25,000.00
49,459.86

lain
.•
First National Bank, Deadwood...
Gregory National Bank, Gregory...
First National Bank, Huron
First National Bank, Lemmon
First National Bank, Mitchell
MitcheU National Bank, MitcheU..
First National Bank, Pierre
Pierre National Bank, Pierre
First NationarBauk, Rapid City...
Minnehaha National Bank, Sioux
Falls
Sioux Falls National Bank, Sioux
Falls

51,286.71
96,762.45
50,000.00
51,709.84
27,502. 35
26,932.20
30,000.00
25,000.00
25,000.00
50,000.00

First National Bank, Bristol
First National Bank, Chattanooga...
American National Bank, Chattanooga
First National Bank, ClarksvUle
Manufacturers' National Bank, Harriman
Unaka National Bank, Johnson City,
East Tennessee National Bank,
KnoxvUle
,

25,000.00
131,413.74

42,708.68
25,000.00

30,000.00
25,000.00
25,000.00
96,217.68
70,415.00

238
No.

REPORT ON T H E FINANCES.
5 1 . — N A T I O N A L B A N K S DESIGNATED AS DEPOSITARIES OF PUBLIC MONEYS,
WITH THE BALANCE H E L D SEPTEMBER 30, 1909—Continued.
R E G U L A R DEPOSITARIES—Contmued.

Title of bank.

To the credit
of the Treasurer of the
United States
and United
States
disbursing
officers.

Title of bank.

Washington.

Tennessee-Continued.
First National Bank, Memphis...
First National Bank, Nashville..
American National Bank, Nashville.
First National Bank, Tullahoma.

$147,899.81
124,025. 76
50,000.00
24,932.18

Texas.
American National Bank, Austin..
Austin National Bank, Austin
American Exchange National Bank,
Dallas
:...
City National Bank, Dallas
First National Bank, Eagle Pass...
First National Bank, El Paso
City National Bank, El Paso
Galveston National Bank, Galveston
South Texas National Bank, Houston
-.
Laredo National Bank, Laredo
First National Bank, Port Arthur...
San Antonio National Bank, San
Antonio
Merchants and Planters' National
Bank, Sherman
Citizens' National Bank, Waco

25,000.00
200,570.82
89,473.94
89,762.32
24,199.46
97,080.93
30,000.00
59,949.70
50,000.00
25,000.00
23,635.08
288,625.95

99,925.16
49,969.40
80,981.56
196,958. 36

Vermont.
Merchants' National Bank, Burlington
National Bank of Newport,Newport

74,767. 21
38,765.15

Virginia.
First National Bank, Abingdon
First National Bank, Alexandria
First National Bank, Danville
Lynchburg National Bank, Lynchburg
First National Bank. Newport News.
Newport News National Bank, Newport News
National Bank of Commerce, Norfolk
:
Norfolk National Bank, Norfolk
Virginia National Bank, Petersburg.
American National Bank,Richmond
Merchants' National Bank, Richmond
National Bank of Virginia, Richmond
7




First National Bank, Bellingham...
First National Bank, North Yakima.
First National Bank, Port Townsend
National Bank of Commerce, Seattle.
Seattle National Bank, Seattle
Exchange National Bank, Spokane.
Old National Bank, Spokane
I
National Bank of Comraerce, Tacoraa|
Pacific National Bank, Tacoraa
Vancouver National Bank, Vancouver
First National Bank, Walla WaUa..

40,000.00
24,828. 70
24,950.20
75,000.00
53,364.20
0 15,251.67
299,317.57
581,099.62
• 49,872.78
100,000. 00
125,040.90
99,714.98

$40,000.00
108,787.96
101,076.57
899,078.95
895,834.86
74,982.88
71,849.74
160,023.19
50,000.00
24,908.95
38,580.35

West Virginia.
Citizens' National Bank, Charleston
First National Bank, Grafton
First National Bank, Huntington..
Old National Bank, Martinsburg...
First National Bank, Parkersburg .
National Exchange Bank, Wheeling

49,426. 24
40,000.00

.Utah.
First National Bank, Ogden
X tah National Bank, Ogden
J
Deseret National Bank. Salt Lake
City
National Bank ofthe Repubhc, Salt
Lake City

To the credit
of the Treasurer of the
United States
and United
States
disbursing
officers.

150,671.07
25,000.00
25,000.00
25,000.00
50,000.00
125,000.00

Wisconsin.
Ashland National Bank, Ashland..
Kellogg National Bank, Green Bay.
National Bank of La Crosse, La
Crosse
First National Bank, Madison
,
First National Bank, Milwaukee
National Exchange Bank, Milwaukee
,
Wisconsin National Bank, Milwaukee
Old National Bank, Oshkosh

60,427.34
29,985.21
30,000.00
49,936.93
249,414.51
249,618.73
124,514.13
30,070.00

Wyoming.
First National Bank,- Buffalo
'..
First National Bank, Cheyenne
Stock Growers' National Bank,
Cheyenne
First National Bank, Evanston.
First National Bank, Lander

24,529.00
100,000.00
99,501-32
24,592.40
25,000.00

ADDITIONAL DEPOSITARIES.

Philippine Islands.
Treasury of the Phihppine Islands,
Manila

3,688,518.34

Porto Rico.
American Colonial Bank of Porto
Rico, San Juan
Total.

a In liquidation.

201,66L40
46,858,131.17

239

TREASURER.
No.

5 1 . — N A T I O N A L B A N K S DESIGNATED AS DEPOSITARIES OP PUBLIC M O N E Y S ,
WITH THE BALANCE H E L D SEPTEMBER 30, 1909—Continued.
SPECIAL DEPOSITARIES.

In State or Territory-

To the credit
Num- of the Treasurer of the
ber.
United States.

Alabama
Arizona
Arkansas
,
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Idaho
Illinois
:..:...
Indiana
Iowa.
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minneso'ta
Mississippi
Missouri
Montana

$12,000.00
1,000.00
5,000.00
20,000.00
.12,000.00
10,000.00
1,000.00
1,608.500.CO
7,000.00
23,000. 00
0,000.00
41,000.00
50,000.00
50,000.00
37,000.00
25,000.00
11,000.00
000.00
000.00
000.00
000.00
000.00
000.00
000.00
000.00

In State or T e r r i t o r y -

Nebraska
Nevada
New Hampshire.
NewJersey
New Mexico
NewYork
North Carolina..
North Dakota . . .
Ohio
Oklahoma
Oregon
Pennsylvania . . .
Rhode Island . . .
South Carolina..
South Dakota . . .
Tennes.see
Texas
Vermont
Virginia
Washington
West Virginia . . .
Wisconsin
Wyoming

To the credit
Num- of the Treasurer of the
ber.
United States.
26
2
15
10
2
68
. 13
3
66
12
10
125
3
7
2
6
35
9
31
5
13
24
7

Total.

S26,000.00
2,000.00
15,000.00
10,000.00
2,000. 00
6S, 000.00
13,000.00
3,000.00
66,000.00
12,000.00
10,000.00
125,000. GO
3,000.00
7,000.00
2,000. CO
6,000. CO
35,000. CO
9,000. CO
31,000. CO
5,000. CO
13,000.00
24,000. (0
7,065. CO
2,573,565.(0

EECAPITULATION.

Regular depositaries
Special depositaries
Total

$46,858,131.17
2,573,565.00
49,431,696.17

•
.
,

:

N o . 5 2 . — N U M B E R OP NATIONAL BANKS WITH SEMIANNUAL DUTY P A I D , BY FISCAL
Y E A R S , AND N U M B E R OP DEPOSITARIES WITH BONDS AS SECURITY AT CLOSE OF
EACH F I S C A L Y E A R .

Fiscal year.

1895
1896.
1897
1898....
1899
1900
1901.
1902
1903.
1904
1905
1906
1907
1908
J909

'.

Number
Number Bonds held
Semiannual
secure cir- duty collected. of deposof banks. toculation.
itaries.
3,767 $207,680,800
$1,704,007.69
3,737 228,915,950 . 1,851,676.03
3,615
2,020,703.65
230,471,550
3,634 220,201,400
1,901,817.71
3,599 229,688,110
1,991,743.31
3,822 284,378,040
1,881,922.73
4,187
1,599,221.08
320,119,230
4,553 317,038.530
1,633,309.15
5,014
1,708.819.92
375,068,770
5,409
1,928.827.49
416,016,690
5,782 468,066,940
2,163,882.05
6,138
2,509,997.80
520,605,210
6,538 558,364,600
2,806,070.54
6,827 028,172,130 . 3,090, s n . 72
7,020 660,089,070
3,190,543.04




160
160
168
172
357
442
448
* 577
713
842
837
927
1,255
1,436
1,414

Bonds held
to secure
deposits.
$15,278,000
16,928,000
16,930,500
30,851,500
78,564,540
107,253,580
105,765,450
124,718,650
152,-852,020
112,902,550
80,404,950
95,575,725
193,244,052
180,459,419
81,244,071

Total bonds
held.
$222,958,800
245,843,950
247,402,050
251,052,900
308,252,650
391,631,620
431,884,680
441,757,180
527 920 790
528.919.240
548,471,890
616,180,935
7.51,608,712
808.r31,549
741,933,071

240

REPORT^ ON T H E EINANCES.

N o . 5 3 . — - A V E R A G E AMOUNT OP NATIONAL-BANK N O T E S IN CIRCULATION
AMOUNT OP D U T Y P A I D THEREON FOR THE FISCAL YEAR E N D E D J U N E 30,
BY NATIONAL B A N K S IN EACH STATE AND TERRITORY.

Average
D u t y paid
a m o u n t of
n o t e s in circu- on tcirculaion.
lation.

S t a t e or T e r r i t o r y .

Average
a m o u n t of
notes in circulation.

D u t y paid
on c i r c u l a tion.

Maine
. . .
New Hampshire
Vermont
Massachusetts
R h o d e Island
Connecticut

$5,726,373.00
4,903,529.00
4,582,794.00
30,116,958.00
4,111,137.00
12,524,398.00

$31,256.28
26,001.39
23,914.73
162,990.55
20,674.42
64", 577.79

Ohio
Indiana
Illinois
Michigan .
Wisconsin
Minnesota

Total,
New
E n g l a n d
States

61,965,189.00

329,415.16

Missouri
Total, Middle
States

85,453,584.00
13,328,164.00
81,510,361.00
1,474,949.00
12,128,654.00
4,925,349.00

452,918.82
69,198.99
435,973.68
7,621.96
64,634.33
26,403.31

New York
N e w Jersey
Pennsylvania
Delaware
District of C o l u m b i a . .
•

Total,

Eastern

Virginia .
West V i r g i n i a . . . . . . . .
S o u t h Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Kentucky
P o r t o Rico
Total, S o u t h e r n
States

No.

10,076,521.00
54,607.09
7,076,734.00
35,696.32
5,498,301.00 - 28,600.73
3,236,212.00
16,285.80
8,981,831.00
45,527.98
3,543,529.00
17,913.13
6,569,206.00
33,460.54
2,831,769.00
14,177.04
6,028,324.00
31,917.09
24,747,615.00
128,015.57
1,931,263.00
9,736.59
14,283,990.00
73,118.52
8,599,067.00
43,399.91
70,000.00
350.00
103,474,362.00

532,806.31

S t a t e or T e r r i t o r y .

North Dakota
South Dakota
Kansas
Oklahoma
Montana
Wyoraing
Colorado
N e w Mexico
. Total, Westem
States
Washington
Oregon..
California
Idaho
Utah
Nevada
Arizona
Alaska
Hawan
Total,
Pacific
States
Total, U n i t e d
States

$34,187,910.00
19,976,92L00
33,525,75L00
9,004,126.00
12,088,445.00
12,926,489.00
15,284,878.00
25,496,97L00

$190,875.63
104,142. 40
172,344.42
46,290. 59
62,446. 85
64,724. 37
77,171. 23
129, 228. 59

162,491,49LO0

847,224.08

2,474,542.00
2,138,154. 00
8,928,888.00 .
9, 638,194. 00
7,527.50L00
2,249,746. 00
1,209,236.00
6,826,239.00
1,539,478.00

12,416. 57
10,690. 80
45,906.67
48,963. 61
37,754. 90
11,355.96
6,342. 82
34, 474. 97
7,699. 93

42,525,978.00

^15,606.23

5,120,996. 00
3,044,566.00
27,157,764. 00
1,196,162. 00
1,895,800. 00
1,473,506.00
652,568.00
55,700. 00
262,028.00

26,174.64
15,306. 69
136,827.04
6,259. 43
9,524 32
9,796. 56
3,262.85
278. 51
1,310.13

40,859, 090. OO-

208,740.17

OIO, 137,17L 00 3,190,543.04

5 4 . — R E C E I P T S AND D I S B U R S E M E N T S OP P U B L I C M O N E Y S THROUGH NATIONAL
B A N K D E P O S I T A R I E S , BY FISCAL Y E A R S PROM 1895.

Fiscal year.

1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909

198,821,061.00 1,056,751.09

AND
1909,

Receipts.

F u n d s transF u n d s transWarrants paid b y
ferred to b a n k s . ferred to T r e a s u r y
banks.
by banks.

$169,440,435. 46
$41,892,885.26
181,705,917. 74
46,867,861.23
149,306,649.29
50,059,755.00
207,178,119. 61 ^ 82,971,223.08
283,276,222.20
226,173,117.13
303,903,655. 56
166,289,607.85
313,373,160.38
125,443,007. 56
281,234,09L57
157,041,571.84
244,947,528. 71
201,897,430.60
251,970,862.51
176,189,611. 66
251,255,327.39
134,884,137.86
267,418,788. 43
233,200,148. 62
313,824,771.09
349,196,379.80
293,869,490.31
297,371,652.96
300,924,352.92
192,639,939.96




$187,592,511.38
205,465,259.58
179,269,503.12
245,636,845.31
448,437.283.16
425,260,383.24
413,853,457.60
388,229,463.27
388,539,946.66
414,301,175. 71
368,889,785.82
427,142,930. 07
516,805,991.82
544,589,160. 96
502,286,495.43

$23,186,071.15
22,671,550. 77
19; 350,217. 54
22,830,954.62
24,560, 430. 04
22,606,835.39
24,141,398. 97
26,347,319.10
35,445,560.08
49,400,676. 71
56,905,851.58
57,548,415. 23
60,142,265.16
65,763,897.28
79,016,707.39

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; 356,325. 51
140,215,778.08
104,674,399.83
65,018,227.68
80,945,819.43
167,018,713.34
147,906,798.17
60,167,888.23

241

TEEASUEEE.

N o . 5 5 . — S E V E N - T H I R T Y N O T E S I S S U E D , R E D E E M E D , ANTD O U T S T A N D I N G J U N E 30,
1909.
Redeemed to Redeemed
during
Total issued. June 30,1908.
year.

Issue.
July 17,1861...
August 15, 1864,
June 15, 1865...
July 15, 1865.-..

$140,094,750 $140,085,350
299,992,500 299,947,000
331,000,000 330,969,700
199,000,000
198,954,750

Total

970,087,250

969,956,800

Total
redeemed.

Outstanding.

$100
500
50

$140,085,350
299,947,100
330,970,200
198,954,800

$9,400
45,400
29,800
45,200

650

969,957,450

129,800

N o . 5 0 . — C O U P O N S PROM U N I T E D STATES B O N D S AND I N T E R E S T NOTES P A I D DURING
THE FISCAL Y E A R 1909, CLASSIPIED BY L O A N S .
Number
of
coupons.

Title of loan.
Five-twenties of 1862
Five-twenties of June. 1864.
Five-twenties of 1865
Consols of 1867
Funded loan of 1881
Funded loan of 1891
Loan of 1904
Funded loan of 1907
Loan of 1925

14
.1
3
3
4
13
21
11,061
99,205

Amount.

Number
of
coupons.

Title of loan.

$25.50' Loan of 1908-1918
3.00 j Consols of 1930
90.00 Panama Canal loan of
6.00
1916-1936
• 50.00 Panama Canal loan of
14.63
1918-1938
13.75 7.30 notes of 1864-65
.29,822. 50*
844,443.00
Total.

Amount.

329,524
26,992

$709,118.40
103,069. 50

438

558 80

1,546
24

6,433.70
- 144.17

468,849

1,693,792.95

N o . 5 7 . — C H E C K S I S S U E D POR I N T E R E S T ON R E G I S T E R E D B O N D S DURING THE FISCAL
Y E A R 1909.
Title of loan.

Number.

Loan of 1925
Loan of 1908^1918
.•
Consols of 1930
Panama Canal loan of 1916-1936
Panaraa Canal loan of 1918-1938
Philippine loan of 1914-1934
Philippine loan of 1915-1935, public iraprovement bonds
Philippine loan of 1915-1935, Manila sewer and water bonds
Philippine loan of 1916-1936, public improvement bonds . . .
Philippine loan of 1917-1937, Mamla sewerand water bonds
District of Columbia 3.65 per cent bonds

16,685
60,967
40,684
3,485
633
1,692
513
188
98
86
498

$3,889,248.50
1,222,948.20
12,821,423.50
1,092,002.10
292,900.70
280,000. 00
100,000.00
40,000.00
40,000.00
80,000.00
350,363.50

125,529

Total

No.

Amount.

20,208.886.50

5 8 . — I N T E R E S T ON 3.65 P E R CENT B O N D S OP THE 'DISTRICT OP COLUMBIA P A I D
DURING THE FiSCAL Y E A R 1909.
Coupons.

Total

.

.

.

$14,490.50
335,581.00

$17,269.95
352,228. 65

19,427.10

Treasury United States, Washington
Subtreasury United States, New York

Checks.

$2,779.45
16,647.65

Where paid.

350,071.50

369,498.60

Total.

N o . 5 9 . — R E P U N D I N G CERTIFICATES, ACT OF F E B R U A R Y 26,1879, I S S U E D , R E D E E M E D ,
AND O U T S T A N D I N G .

How payable.

:....

..

$58,600
. . 39,964,250

$30
620

$58,480
39,936,550

$20
17,700

550

39,995,030

17,720

.
•

13518—FI 1909-

Redeemed
Total
during
retired to Outstanding.
year.
June 30,1908.

40,012,750

To order
To bearer...
Total...

Issued.

-16




242

REPORT ON T H E EINANCES.

N o . 0 0 . — P U B L I C D E B T J U N E 30, 1908, AND J U N E 30, 1909, AND CHANGES DURING
THE

Rate
of'interest.

Title of loan.

YEAR.

Outstanding
June 30, 1908.

Issued durmg
year.

Retired durmg year.

Outstanding
June 30,1909.

INTEREST-BEARING DEBT.

Loan of 1925
Loan of 1908-1918
Consols of 1930
Panama Canal loan of 1916-1936.
Panama Canal loan of 1918-1938.
Certificates of indebtedness

Perct.
- 4
$118,489,900.00
3
63,945,460.00
2"
646,250,150.00
2
' 54,631,980.00
2
$30,000,000.00
3
14,186,500.00

$14,186>5OO.O0

30,000,000.00

14,186,500.00

897,503.990.00

Total
.

$118,489,900.00
63,945,460.00
646,250,150.00
54,631,980.00
30,000,000.00
913,317,490.00

D E B T ON W H I C H I N T E R E S T
.
HAS C E A S E D .

Olddebt..
Loan of 1847
Texan indemnity stock
5
5
Loan of 1858
6
5-20sof 1862
6
5-20S of June, 1864
6
6-20S of 1865
5
IO-40S of 1864
6
Consols of 1865
6
Consols of 1867
6
Consols of 1868
6
Loan of February, 1861
5
Funded loan of 1881
Funded loan of 1881, con• tinued
Oregon war debt
Loan of July and August, 1861.
6
Loan of July and August, 1861,
continued
Loan of 1863 (1881's)
Loan of 1863, continued
Lban of July 12, 1882
Funded loan of 1891
Funded loan of 1891, continued.
5
Loan of 1904
4
Funded loan of 1907
6
Treasury notes of 1861
7.30s of 1861
One-year notes of 1863
Two-year notes of 1863
6
Compound-interest notes
6
7.30s of 1864-65
Certificates of indebtedness.. .
Temporary loan
4to6
3
3 per cent certificates
4
Refunding certificates

151,635.26
950.00
•20,000.00
2,000.00
108,250.00
14,000.00
19,850.00
18,850.00
60,000.00
95,200.00
10,800.00
5,000.00
27,650.00

f

60.00
2,250.00
15,050.00

f
f

*

1,600.00
3,100.00
IOO.00
200.00
24,500.00'
32,000.00
72,600.00
3,065,550.00
2,300.00
9,400.00
30,400.00
26,850.00
159,710.00
121,050.00
3,000.00
2,850.00
5,000.00
18,270.00

I*

Total

200.00
450.00
600.00
700.00
5,650.66

50.00
2,250.00
15,050.00

750.00
28,850.00
1,208,200.00
' 30.00
230.00
650.00

550.00
1,246,160.00.

4,130,015.26

ol51,635.26
950.00
20,000.00
2,000.00
108,250.00
14,000.00
19,850.00
18,660.00
59,550.00
94,700.00
10,100.00
5,000.00
22,600.00

1,600.00
3,100. C
O
100.00
200. 00
23,750.00
32,000.00
43 750 00
1,857,350.00
2,300.00
9,400.00
30,370.00
26,850.00
159,480.00
120,400.00
3,000.00
2,850.00
6,000.00
17,720.00
2,883,855.26

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-bank notes, redemption account.
Fractional currency
Total-.-.

.. -

53,282.50
346,681,016.00

132,940,000.00

132,940,000.00

53,282.50
346,681,016.00

72,459,284.50
6,862,814.28

45,621,739.50

89,662,083.00
2,027. op

28,518,94L00
6,860,787.28

426,056,397.28

178,561,739.50

222,504,110.00

382,114,026.78

819,783,869^00
474,350,000.00
4,982,000.00

294,710,000.00
336,860,000.00

261,892,000.00
326,796,000.00
767,000.00

852,601,869.00
484,414,000.00
4,215,000.00

CERTIFICATES AND TREASURY
NOTES.

Gold certificates
Silver certificates
Treasury notes of 1890
Total

1,299,115,869.00

631,570,000.00

589,455,000.00 1,341,230,869.00

Aggregate

2,626,806,271.54

840,131,739.60

827,391,770.00 2,639,546,24L 04




TREASURER.

243

N o . 0 1 . — U N I T E D STATES B O N D S R E T I R E D , PROM MAY, 1869, TO J U N E 30,

Title of loan.

Loan of 1847
Bounty-land scrip
Loan of February, 1861
Oregon war debt
Loan of July and August, 1861
5-20sof 1862
Loan of 1863
5-20S of March, 1864
5-20S of June, 1864
5-20sof 1865....:
Consols of 1865
Consols of 1867.
Consols of 1868
Texan indemnity stock
Loan of 1860
L(5anof 1858
lO-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 190S-1918
Funded loan of 1891, continued
Bonds issuM 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.
Per ct.
6
6
6
6
6
6
6
6
6
6
6
6
6
5
5
6
5
5
4^
4
3i

P

Redeemed.

$47,900
1,175
7,798,000
685,950
12,932,400
430,417,000
4,684,700
2,382,200
69,868,900
157,697,450
205,285,250
310,107,750
37,478,550
232,000
7,022,000
6,041,000
192,459,150
72,867,650
81,045,850
60,776,400

Purchased.

$10,612,000
256,800
48,776,700
57,155,850
19,854,250
1,119,800
43,459,750
36,023,350
118,950,550
62,846,950
4,794,050

441,728,950
13,231,650
292,349,600

2,913,640
25,885,120
27,236,512
6,303,000
1,600,000
1,970,560
1,628,320
19,341,300

380,500
12,218,650
9,586,600
8,703,600
6,568,600
256,650

132,449,900

25,380,200

6
6
6
6
6
6
5
4

$27,091,000.

13,967,000
2,089,500
43,599,000
143,518,200
236,575,400

127,595,600
37,226,200
109,155,250
305,581,050

3
2

Converted
and
exchanged.

2,348,734,387

8,543,650
43,825,500

72,071,300

882,826,340 1,032,683,500

1909.

Total.

$47,900
1,175
18,410,000
942,750
61,709,100
514,663,850
24,538,950
3,882,500
125,547,300
203,307,400
332,939,400
379,523,300
42,529,250
232,000
7,022,000
19,998,000
194,548,650
116,466,650
224,564,050
739,080,750
127,595,600
50,457,850
401,504,850
305,581,050
135,363,440
25,380,200
25,885,120
27,236,512
6,303,000
. 1,600,000
1,970,560
1,628,320
99,956,250
43,825,500
4,264,243,227

244
No.

REPORT ON T H E EINANCES,
0 2 . — B O N D S AND OTHER SECURITIES R E T I R E D FOR THE SINKING F U N D DURING
THE FISCAL Y E A R 1909, AND TOTAL PROM MAY,
1869.

Title of loan.

Retired
d u r i n g fiscal
year.

F r o m May, 1869.
Redeemed.

W a r - b o u n t y scrip
$175.00
10,000.00
L o a n of 1860
3,000.00
L o a n of F e b r u a r y , 1861
Oregon w a r d e b t
1,550.00
78,450.00
L o a n of J u l y a n d A u g u s t , 1861
30,047,400.00
5-20S of 1862
L o a n of 1863
23,100.00
I0-40S of 1864
691,600.00
,5-20s of March, 1864
11,072, 100.00
6-20s of J u n e , 1864
:....
1,982, 450.00
.6-20sof 1865
Consols of 1865
65, 450.00
Consols of 1867.
76, 700.00
Consols of 1 8 6 8 . . :
21, 350.00
F u n d e d loan of 1881
$5,050.00
25,091, 350.00
F u n d e d loan of 1891
750.00
50,764, 800.00
F u n d e d loan of 1907
1,208,200.00
59,357 550.00
L o a n of 1904
28,850.00
19,341 300.00
L o a n of J u l y a n d A u g u s t , 1861, c o n t i n u e d .
56,633, 000.00
, L o a n of 1863, continued
37,220, 300.00
F u n d e d loan of 1881, continued
43,710, 300.00
L o a n of J u l y 12, 1882
168,692; 750.00
L o a n of 1908-1918
F u n d e d loan of 1891, c o n t i n u e d
25,380,200.00
L o a n of 1925
T r e a s u r y notes issued prior t o 1846
110.00
T r e a s u r y notes of 1861
,
200.00
T e m p o r a r y loan certificates, act i862
110.00
Certificates of i n d e b t e d n e s s , act 1862
1,000.00
Certificates of i n d e b t e d n e s s of 1870
678,000.00
One-year notes of 1863
30.00
5,335.00
Two-year notes of 1863
1,650.00
C o m p o u n d - i n t e r e s t notes
"2.36.*66"
30,060.00
7.30s of 1861
1,450.00
7.30s of 1864-65
650.00
13,100.00
Fractional currency
26,255,095. 65
2,027.00
U n i t e d States notes
29,090,564.00
Old d e m a n d notes
3,185.00
N a t i o n a l - b a n k notes
41,865,057.00
550.00
Refunding certificates
5,270.00
Certificates of i n d e b t e d n e s s
14,186,500.00
13,936,500.00

Total.




15,432,837.00

642,151,561.65

Purchased.

$10,612,000.00
256,800.00
48,776,700.00
24,029,150.00
19,854,250.00
361, 600.00
18,356, 100.00
16,866, 150.00
48,166, 150.00
32,115, 600.00
2,213, 800.00
43,599, 000.00
46,274, 850.00
134,291, 400.00
8,543, 650.00

2,396,800.00
"43," 825," 500." 66

1,350.00
1,500,000.00

Total.
$175. 00
10,000.00
10,615,000.00
258,350.00
48,855,150.00
54,076,550.00
19,877,350.00
691,600.00
361,600.00
29,428,200.00
18,848.600.00
48,231,600.00
32,192,300.00
2,235,150". 00
68,690,350.00
97,039,650.00
193, 648,950.00
27,884,950.00
56,633,000.00
37,220,300.00
43,710,300.00
168,692,750.00
2,396,800.00
25,380,200.00
43,825,500.00
110.00
200.00
110.00
1,000.00
• 678,000.00
5,335.00
1,650.00
30,060.00
1,450.00
13,100.00
26,255,095.65
29,090,564.00
3,185.00
°41,865,0.57.00
6, 620.00
15,436,500.00

502,040,850.00 1,144,192,411. 65

245

TEEASUREE.
No.

0 3 . — P U B L I C D E B T , EXCLUSIVE OF CERTIFICATES AND T R E A S U R Y
THE E N D OF EACH M O N T H , PROM J A N U . \ R Y , 1903.

Month.

Interest
bearing.

1903—January
°..
$914,541,330
February
914 541,420
March
914 541,370
914 541,390
April
914 541,360
May
914 541,410
June
914 541,400
July
914 541,400
August
Septeraber
912 539,440
October
.905 277,060
November
902 911,240
December
901 747,220
1904—January
900 470,950
February
895, 156,700
March
895, 156,740
895, 157,440
Aprh
895, 157,430
May
895 157,440
June
895 157,540
July
895 157,630
August
September
895 157,630
October
895 157,770
November
895 157,470
December
895 157,470
1905—January
• 895 157,510
February
895 157,530
March
895 157,530
895 158,070
April
895 158,240
May
895 158,340
June...
895 158,720
July
895 158,700
August
September
895 158,680
October
895 158,940
Noveraber
895 159,120
December
895 159,140
1906—January
895 159,ISO
February
895 159,170
March
895 159,170
895 159,160
April
895 159,150
May....
. 895 159,140
June
895 159,090
July
922 133,380
August
'—
September
925 159,200
October
925 159,250
November
925 159,190
December
922 717,880
1907—January
922 020,560
February
920 099,510
March
908 233,660
April
901 568,630
li&Y . . . : . . . . . . . 899 972,780
894 834,280
June
858 685,510
July
858 685,510
August
....
September
858 685,510
October
858 685,510
November
869 603,010
, Deceraber
898 210,050
1908—January
898 753,990
February
898 753,990
March .
897 503,990
897 503,990
April
897 503,990
May
897 503,990
June
897 503,990
July
897 503,990
August
September
. 897 253,990
October
897 253,990
Noveraber
883 317,490
Deceraber
912 900,850
1909—January
913 307,490
February
913 317, 490
March
913 317,490
April
913 317,490
913 317,490
MayJune
913 317,490
July
913 317,490
August
913 317,490
September
913 317,490




Matured.

U n i t e d States
notes a n d
fractional currency.

$1,230,910.26 $353,607,457.13
1,230,510. 26 353,607,457.13
1,230,100. 26 353,606,554.13
1,230,050.26 353,606,554.13
1,214,900.26 353,606,554.13
1,205,090.26 353,606,104.13
1,205,070.26 353,606,104.13
1,204,070.26 353,606,104.13
1,197,0^0.26 353,606,104.13
1,196,930.26 353,606,104.13
1,196,720.26 353,606,104.13
1,196,530.26 353,605,45L13
1,196,530.26 353,605,45L13
3,161,680.26 353,605,450.13
2,670,510.26 353,605,450.13
2,347,480.26 353,604,715.13
2,109,950.26 353,604,713 38
1,970,920.26 353,604,113.38
1,881,130. 26 353,604,113 38
1,841,270.26 353,604,113 38
1,662,220.26 353,604,113.38
1,627,700.26 353,604,113.38
1,495,400.26 353,603,328.38
1,447,260.26 353,603,328.38
1,431,470.26 353,603,328.38
1,417,320.26 353,603,328.38
1,406,450.26 353,602,765.58
1,401,045.26 353,602,765.58
1,377,165. 26 353,602,247.58
1,370.245.26 353,601,407.58
1,264,735.26 353,601,407.58
1,256,535.26 353,601,407.58
1,256,405.26 353,601,407.58
1,231,075.26 353,601,007.58
1,208,095. 26 353,601,007.58
1,199,635.26 353,601,007.58
1,170,825.26 353,601,007.58
1,156,705.26 353,601,007.58
1,139,425. 26 353,600,257.58
1,139,145. 26 353,600,257. 58
1,135,045. 26 353,600,257.58
1,128,135.26 353,600,055. 78
1,126,585. 26 353,600,055. 78
1,126,375. 26 353,599,535.78
1,126,375. 26 353,599,535.78
1,123,205.26 353,599,535.78
1,118,975.26 353,599,535.78
1,118,765.26 353,599,535. 78
1,095,745.26 353,599,535. 78
1,095,695.26 353,598,775. 78
1,095,365.26- 353,598,775.78
1,095,135. 26 353,598,775.78
1,086,925.26 353,598,775.78
1,086,815. 26 353,598,292. 78
13,563,135. 26 353,598,292. 78
9,623,105.26 353,598,292. 78
8,272,545. 26 353,598,292.78
6,930,955.26 353,597,847.78
6,228,015.26 353,597,847.78
5,580,385.26 353,597,732.78
5,107,205.26 353,597,732.78
4,887,095.26 353,597,732. 78
4,675,215. 26 353,597,132 78
4,500,695. 26 353,597,112.78
4,291,305. 26 353,597,112. 78
4,130,015. 26 353,597,112 78
3,943,745.26 353,596,672.78
3,867,625.26 353,596,672.78
3,82.3,195.26 353,596,672.78
3,738 .235. 26 353,596,222 78
3.647,265.26 353,596,222.78
3,448,935.26 353,596,222.78
3,373,705. 26 353,595,655.78
3,338,485.26 353, .'->95, 655.78
3,292,355.26 353,595 655 78
3,131,115. 26 353.59'), 655. 78
2,987,115. 26 353,595,085.78
2,883,855.26 353,595,085.78
2,814,475.26 353,595,085.78
2,793,625.26 353,594,607.78
2,761,285.26 353,594,192.78

National-bank
nptes, r e d e m p tion account.

NOTES,

AT

Total.

$42,908,829.00 $1,312,288,526.39
43,136,98L 50
1,312,516,368.89
43,147,883. 50
1,312,525,907.89
42,883,61 LOO
1,312,261,605.39
41,494,116.00
1,310,856,930.39
40,053,308.50
1,309,405,912.89
38,962,178.50
1,308,314,752.89
38,023,493 50
1,307,375,067.89
39,827,135.50
1,307,169,729.89
38,959,809.50
1,299,039,903 89
37,292,775.00
1,295,006,839.39
36,976,574.00
1,293,525,775.39
38,534,696.50
1,293,807,627.89
39,179,309. 00
1,291,103,139.39
38,689,396. 00
1,290,122,096.39
38,663,6n. 50 . 1,289,773,246.89
1,288,589,149.64
37,717,056.00
35,526,542. 50
1,286,259,016.14
1,284,862,992.14
34,220,208.50
1,285,368,746.14
34,765,732.50
33,373,135.50
1,283,797,099.14
32,750,866.00
1,283,140,449.64
32,329,377.00
1,282,585,575.64
31,933,95L50
1,282,142,010.14
30,363,106.50
1,280,555,415.14
30,077,818.50
1,280,255,997.14
30,279,435.00
1,280,446,180.84
1,281,536,622.84
31,374,742.00
31,349,852.-50
1,281,487,505.34
1,282,357,094.84
32,227,102.00
1,^81,914,73L 84
31,889,869. 00
1,283,121,939.34
33,105,296.50
33,385,209.00
1,283,401,70L 84
34,470,390.50
1,284,461,413.34
35,095,449.00
1,285,063,67L 84
34,690,309.00
1,284,650,09L 84
35,478,666.00
1,285,409,678.84
40,322,758.50
1,290,239,64L 34
41,583,908.00
1,291,482,760.84
41,640,909. 00
1,291,539,47L84
42,445,616.00
1,292,340,068.84
1,292,522,970.04
42,635,639.00
1,293,820,742.54
43,935, OIL 50
1,321,055,258.24
44,195,967.20
45,574,178.00. 1,325,459,289.04
45,590,183 50
1,325,472,174.54
45,922,015.00
1,325,799,716.04
46,632,672.50
1,324,068,853 54
45,434,57L00
1,322,150,412.04
46,005,527.00
1,320,799,508.04
49,046,767. 00
1,311,974,568.04
48,463,418.00
1,304,725,959.04
47,753,708. 00
1,302,412,189.04
47,658,804.50
1,297,178,192. 54
47,428,404 00
1,273,275,342. 04
46,445,882.00
1,268,352,790.04
46,993,774.00
1,267,550,122.04
47,239,336.50
1,266,453,649.54
45,601,979.70
1,275,030,852.74
46,162,653 60
1,303,550,82L 64
51,597,010.20
1,309,055,938.24
62,028,732.40
1,319,267,550.44
1,322,329,527.14
66.553.189 10
71,162,425 00
1,326,764,223 04
71,879,462 50
1,327,271,870. 54
1,327,690,402.54
72,459,284 50
1,312,437,996.04
57,393,588.00
1,303,776,726.04
48,808,438.00
42,642,365.00
1,297,316,223 04
39,069,430.00
1,293,657,878.04
50,259,945. 00
1,290,820,923 04
46,905,160.00
1,316,851,168.04
43,550,967.50
1,313,827,818.54
40,700,127.50
1,310,951,758.54
1,306,710,590.54
36,505,089.50
1,303,417,658.04
33,373,397.00
30,131,227.00
1,300,030,9a8.04
28 518,941 00
1,298,315,372.04
1,296,549,109.64
26,822,058.50
1,295,478,081.54
25,772,358.50
25,870,008.50
1,295,542,976.54

246
No.

REPORT ON T H E EINANCES.
0 4 . — L A W F U L M O N E Y DEPOSITED IN THE T R E A S U R Y EACH MONTH OF THE
FISCAL Y E A R 1909 FOR THE REDEMPTION OF NATIONAL-BANK N O T E S .

R e t i r e m e n t account.
F i v e per cent
account.

Month.

Total.
Insolvent and
liquidating.

Reducing.^

1908—July
August—
September
October..November.
December.
1909—January...
February..
March
, April
'May
June
-.

$22,498, 331. 61
23,937, 424.25
29,634, 882.17
38,228, 572.87
29,671, 377.27
24,667, 908.18
30,899, 241.33
40,213! 198.09
44,543, 372.12
40,273! 439. SO
43,939; 169.54
46,609! 904.44

$2,963, 277.50
2,694,792. 50
1,444,635.00
1,709,870.00
494, 015.00
520! 415.00
663! 837.50
689! 605.00
771! 662.50
703 047.00
783 090. 50
1,402 997.06

$2,766, 300.00
1,801, 500.00
1,125! 000.00
1,621, 005.00
15,252, 850.00
798, 760.00
2,851, 380.00
2,289, 500.00
1,164, 500.00
483, 500.00
161, 200.00
465, 000.00

$28,227 909.11
28,4.33, 716.75
32,204, 517.17
41,559, 447.87
45,418, 242.27
25,987, 083.18
34,414, 458.83
43,192. 303.09
46,479; 534.62
41,459, 986.80
44,883, 460.04
48,477, 901.44

Total....

415,116,821.67

14,841,244.50

30,780,495.00

460,738,561.17

No.

0 5 . — D I S B U R S E M E N T S FROM REDEMPTION ACCOUNTS OP NATIONAL B A N K S EACH
MONTH OF THE FISCAL Y E A R 1909.

F o r notes redeemed.

Transfers
a n d repayments.

1908—July
August...
September
October...
November
December.
1909—January..,
February.
March
April
May
June

$36,979,394.00
39,019,665.00
40,260,813.00
44,011, 340.00
30,264,310.00
25,700,372.50
46,397, 667.50
45,229,900.00
49,166,883.00
43,315,847.00
48,455,868.00
50,277,738.00

$225,726.61
283,079.19
121,684.24
1-17,130.18
764,555.83
221,376.31
298,134.64
232,791.65
126,760.12
97,765.21
70,007.97
80,830.79

$37,205, 120.61
39,302, 744.19
40,382, 497.24
44,128, 470.18
31,028,865.83
25,921, 748.81
46,695,802.14
45,462,691.65
49,293, 643.12
43,413, 612.21
48,525,875.97
50,358,568.79

Total...

499,079,798.00

2,039,842.74

501,719,640.74

Month.

T o t a l disbursements.

Balance.

919.62 '
70,029, 892.18
61,851, 912.11
59,282, 889.80
73,672, 266.24
73,737, 600.61
61,456, 257.30
59,185, 868.74
56,371, 760.24
54,418, 134.83
50,775, 718.90
48,895, 051.55

N o . 0 0 . — N A T I O N A L B A N K N O T E S R E C E I V E D FOR REDEMPTION PROM THE PRINCIPAL
CITIES AND O T H E R PLACES EACH MONTH OF THE FISCAL Y E A R 1909, IN THOUSANDS
OF DOLLARS.

Month. .

New
York.

1908-July.
$21,916
August
16,090
S e p t e m b e r . 12,015
October — 13,680
N o v e m b e r . 13,037
D e c e m b e r . . 17,556
1909—January
31,091
February..
18,997
March
21,243
April
21,678
May
23,297
June..
25,501
Total

236,101,




Boston.

Phila- Baltidelphia. m o r e .

St.
New
Other
Chicago. Cincinnati.
Louis. Orleans. places.

Total.

$2,755
2,151
1,996
2,096
2,308
2,548
3,830
2,004
2,112
2,128
3,028
2,479

$2,114
1,649
1,689
1,653
1,487
2,309
2,822
1,802
2,460
3,126
3,662
4,114

$498
583
498
649
790
756
1.044
914
921
1,185
1,238
1,225

$3,255
3,228
2,700
2,889
2,850
3,419
4,885
3,603
4,896
5,699
5,702
4,378

$749
538
494
738
1,138
985
1,215
931
1,242
2,165
1,246
901

$1,763
1,009
1,468
1,157
1,223
1,716
3,214
3,000
3,075
3,791
3.798
3,054

$406
451
313
407
923
476
898
574
973
1,080
. 660
677

$4,863
3,744
3,603
4,239
4,046
5,109
7,628
5,402
6.716
5,273
5,617
5,606

$38,319
26,443
24,776
27,508
27,802
34,874
50,627
37,227
42,638
46,125
48,248
47,935

29,435

28,887

10,301

47,504

12,342

28,268

7,838

60,846

461,522

247

tEEASUEEE.

N o . 0 7 . — N A T I O N A L - B A N K N O T E S OUTSTANDING AT THE E N D OP EACH MONTH, AND
MONTHLY REDEMPTIONS, PROM JANUARY,

Month.
1901—January...
• February..
March
April
May
June
July
. August
September:
October...
November.
December.
1902-^January...
February..
March
April
May
June
July
August
September
October...
November.
December.
1903—January...
February..
March
April
May
June
July
August
September.
October...
November.
December.
1904—January...
February..
March
April
May
June
July
August
September.
October...
November.
December.
1905—January...
February..
March
April
May

No. 0§.-

Redemptions.

$19,482,754
12,799,120
12,358,659
11,305,800
14,188,094
13,415,238
13,378,875
14,336', 572
8,792,245
11,384,984
11,087,009
13,351,267
20,863,764
14,999,349
14,610,899
15,450,660
17,243,753
16,369,881
15,334,968
13,213,682
11,242,551
12,483,910
13,600,790
18,557,201
24,364,960
13,916,434
14,446,393
17,012,685
20,576,357
21,679,690
22,953,412
18,856,085
16,830,510
17,488,970
13,654,484
22,080,483
29,541,701
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
27,355,322
35,687,232
24,706,431
26,964,598
24,505,427
,327,516 27,265,778

$346, 821,871
348; 655,255
350, 101,405
350, 764,257
351, 582,590
353, 742,187
356, 152,903
357, 419.155
358, 830,548
359,911,683
359,720, Jll
'360,289,726
359,444,615
358, 434,867
357, 476,407
356,987,399
356, 747,184
356,672,091
358,984,184
361; 282,691
366,993,598
380, 476,334
384,854,514
384, 929,784
383,973,546
382, 798,845
382, 519,258
391, 151,728
406, 443,205
413,670,650
417, 346,487
418,587,975
420; 426,535
419; 610,683
421; 106,979
425, 163,018
426; 857,627
430;324,310
434; 909,942
437, 080,573
445; 988,565
449;235,095
450; 206,888
452, 516,773
456; 079,408
457; 281,500
460; 679,075
464, 794.156
467! 422,853
469! 203,840
;948,945
475!
,244,945
481'

Month.
1905—June
July
August
September.
October...
November.
December.
1906—January...
February..
March
April
May
June
July
August
September.
October...
November.
December1907—January...
February..
March
April
May
June
July
August
September.
October...
November.
December.
1908—January...
February..
March
April
May
June
July
August
Septeraber.
October...
November
December.
1909—January...
February .
March
April
May
June
July
August
September

Outstanding. Redemptioi^s.
$495,719,806 $29,074,269
503,971,395
25,624,807
512, 220,367
22,912,286
516; 352,240 ,19,073,610
524; 408,249
20,612,165
533;329,258 21,561,971
540, 914,347
24,832,551
36,710,959
543;'230,080
803,895
23,716,730
550;
27,021,045
554, 666,967
646,282
22,758,848
556;
27,590,918
559, 129,660
112,360
23,876,995
561;
21,766,334
561; 481,045
852,303
18,804,632
569;
14,538,106
573; 903,108
171,985
15,370,970
583;
15,483,851
593; 380,549
162,469
16,903,960
596;
315 730,178
596; 197,569
20,296,954
596; 343,022
18,187,816
597; 212,063
913,840
21,522,289
599;
22,278,236
601; 940,550
23,431,356
603; 788,690
25,748,794
603; 395,886
056,321
22,285,888
604;
19,329,739
603; 987,114
980,467
19,955,863
609;
7,749,861
656; 218,196
11,736,620
690, 130,895
43,425,863
695, 402,762
29,627,608
695, 674,519
38,949,474
696; 407,355
645,698
42,491,474
697,
449,517
43,212,118
333,917
45,121,039
38,319,375
692 088,991
326,108
29,442,768
685
24,776,186
675 612,327
27,507,778
665, 844,192
27,801,469
667, 178,177
34,874,210
677; 068,165
56,627,458
676, 673,092
285,600
37,227,225
678,
42,637,791
684, 407,615
408,227
46,125,141
687,
48,247,752
688, 183,115
47,935,059
689, 920,074
46,403,870
695! 354,164
845,474
36,939,830
698!
31,890,067
702 807,459

-REDEMPTIONS AND D E L I V E R I E S OP NATIONAL-BANK N O T E S EACH M O N T H
OP THE F I S C A L Y E A R 1909.

Month.

1908—July.
August.
Septem ber
October
November
December
1909—January
February
March
April
May
June
Total

Outstanding.

1901.

Deliveries on Deposited
Redemptions. redemption ac- in Treasury.
counts.

On hand
charged to 5
per cent account.

$38,175,657. 62 $38,761,95L50 $37,478.00 $1,051,720.00
40,679.00 1,201,360.00
28,549,054.18 38,870,025.00
25,489,609.00 39,596,485". 50 47,241.00 1,865,687.50
44,318,920.00 30,097.00 1,558,107.50
27,395,497.15
659,637.50
27,592,619.85 31,162,780.00 34,664.00
187,332. 50
33,305,85L05 20,172,677.50 37,971.00
56,479,199. 78 45,061,015.00 65,684.50 1,523,985.00
45,249,997.60 34,326.00 1,503,887.50
38,009,315.84
42,755,652.55 49,152,355.50 67,211.50. 1,518,415.00
43,665,027.00 51,19LO0 1,169,235.00
46,003,009.29
47,590,530.81 48,572,218.00 49,365.00 1,052,885.00
48,191, on. 18 50,053,283.00 37,041.00 1,277,340.00 459,537,008.30




500,636,735.50

532,949.00

Onhand unassorted.

$60,602,388.20
50,091,098.38
35,272,653.38
18,626,713.53
15,920,359.38
23,487,866.93
33,503,714.71
26,248,804.55
19,770,362.60
22,406,333.89
21,491,631.70
19,367,863.88

248

REPORT ON T H E FINANCES..

N o . 0 9 . — R E D E E M E D NATIONAL-BANK N O T E S D E L I V E R E D FROM THE-TREASURY EACH
MONTH OF THE FISCAL Y E A R 1909.

.

For return to
b a n k s of issue.

Month.

F o r destruction a n d
, retirement.

Balance.

• Total.

$4,716,700. 00 $13,249,977.50 $26,795,274.00 $38,761,951. 50 $61,654,108.20
38,870,025. 00 51,292,458.38
20,969,032.50 13,081,442.50
4,819,550.00
8,735,708. 00 39,596,485.50
37,138,340. 88
3,373,700.00, 27,487,077.50
20,184,821. 03
44,318,920.00
0,903,810.00
35,314,610.00
2,100,500. 00
31,162,780. 00 16,579,990. 88
4,556,350.00
25,012,430.00
1,594,000.00
26,172, 677. 50 23,675,199.43
4,673,960. 00
17,694,017.50
3,804,700.00
10,082,400. 00 28,109,205. 00 0 6,869,410. 00 45,061,015. 00 35,027,699. 71
45,249,997.50'
27,752,692. 05
5,829,945. 00
28,375,752.50
11,044,300. 00
49,152,355. 50 21,288,777.60
6,131,200.50
31,048,255.00
11,972,900.00
43,665,027. 00 23,575,568.89
4,318,239.50
10,070,750. 00 29,276,037.50
48,572,218.00 ' 22,544,516.70
4,186,460. 50
32,580,257.50
11,805,500.00
20.645.20.3.88
50,053,283.00
32,328,900. 00 3,480,283.00
14,244,100.00

1908—July.
August
September
October
November
December
1909—^January . .
February
March
April
May
June

89,629,100. 00 321,445,552.50

Total

No.

F o r destruction a n d
reissue.

89,562,083.00

500,636,735.50

7 0 . — A S S E T S AND LIABILITIES OF THE F I V E P E R CENT REDEMPTION F U N D OF
NATIONAL B A N K S AT THE E N D OF EACH MONTH OF THE FISCAL Y E A R 1909.

Liabilities.

Month.

1908—July
August
September..
October
November..
December..
1909—January
February...
March
April
May
June
'...

On deposit National- Expenses
bank notes
in
paid.
Treasury.. on hand.

$1,626,563
7,261,899
3,258,220
129,528

*i,'043,'sis

$61,654,108
51,292,458
37,138,341
20,184,821
16,579,997
23,675,200
35,027,700
27,752.692
21,288,777
23,575,569
22,544,517
20,645,204

$270,840
127,329

Total.

To national
To
banks.
Treasury.

$61,654,108 $23,505,
51,292,458 21,221,
37,138,341 19,209,
21,811,384 20,213,
24,112,736 23,412,
27,060,749 26,832,
35,027,700 17,905,
27,752,692 18,4.85,
21,418,305 19,866,
23,575,569 21,044
22, .544,517 20,644,
21,689,019 20,376,

On other
accounts.

$37,061,337 $1,087,440
28,833,826 1,237,178
16,024,390 1,904,404
1,597,924
700,415
228,308
15,565,854 1,556,556
7,729,957 1,536,994
1,551,634
1,327,649 1,203,182
812,424 1,087,601
1,312,908.

N o . 7 1 . — N A T I O N A L - B A N K N O T E S R E C E I V E D FOR REDEMPTION FROM THE P R I N C I PAL CITIES AND OTHER PLACES, BY FISCAL Y E A R S , FROM 1895, I N THOUSANDS OP
DOLLARS.

Fiscal
year.

1896.
1897.
1898.
1899.
1900.
1901.
1902
1903.
1904.
1905.
1906,
1907.
1008.
1909

New
York.
$51,936
58,051
65,312
51,804
46,610
52,707
81,263
86,749
98,550
141,660
159,432
150,087
102,279
193.292
236,101




Boston.

Philadelphia

Baltimore.

Chicago.

$10,266
14,613
16,382
16,606
13,342
12,427
19,467
18.672
19,543
22,834
24,416
22,6.56
18,087
20,075
29,435

$6,099
7,601
8,348
6,570
7,332
8,390
9,097
10,788
14,306
18,688
21,483
20,422
17,778
20,437
28,887

$952
2,068
1,610
2,113
2,385
2,633
4,747
5,635
7,009
9,338
11,768
10,789
9,222
7,941
10,301

$4,028
5,778
5,431
5,153
5,050
4,804
8,562
14,192
18,739
21,910
26,798
28,160
27,677
30.512
47,504

CincinSt.
nati.
Louis.

New
Orleans.

Other
places.

Total.

$1,705
3,112
1,584
1,465
1,718
1,218
1,644
3,198
4,449
6,417
7,724
8,321
7,285
8,026
12,342

$389
1,062
575
.564
630
710
1,528
2,271
3,176
4,034
5,372
5,346
• 6,418
5,896
7,838

$9,603
12,140
12,160
10,942
11,488
11,773
15,171
17,517
21,347
24,960
32,734
36,748
38,525
47,308
60,846

$86,709
108,261
113,574
97,112
90,838
.96,982
147,487
171,869
196,430
262,142
308,299
296.293
240,315
349,634
461,522

$1,731
3,836
2,172
1,895
2,283
2,3206,008
12,847
9,311
12,301
18,572
13,764
13,044
16,147
28,268

249

TEEASURER.
No.

7 2 . — R E S U L T OF THE COUNT OF NATIONAL-BANK
- R E D E M P T I O N , BY FISCAL Y E A R S ; PROM

NOTES
1895.

RECEIVED

Fiscal year.

Claimed b y
owners.

"Overs."

"Shorts."

Referred a n d Counterrejected.
feit.

1895
1896
1897
1898
1899....
1900.
. ..
1901
1902
1903
1904..
1905
. .
1906
1907.. •.. .
1908
1909

$86,940,748.54
108,260,978.05
113,226,18L47
97,459,282.47
90,838,301.01
96,982,607.88
147,486,577.93
171,512,752.90
196,786,126.51
262,141,930.23
308,298,760.03
296,292,884.95
240,314,680.86
349,634,341.42
461,522,201.92

$7,653.64
7,654.71
5,423.79
10,383.40
16,615.50
8,092.25
19,903.52
7,269.23
29,339.97
18,489.36
61,102.05
41,359.06
28,549.10
41,978.85
83,100.36

$2•062. 90
7,582.70
3,841.50
11,957.50
15, o n . 20
11,685:80
20,620.30
6,999.40
12,998.30
30,839.28
19,032.80
35,882.00
31,794.80
39,976.70
99,060.05

$575,708.'51 $1,580.50 $13,226.95
352,355.27 2,069.50 15,598.95
626,331.70 1,508.75
43.80
352,846.95 1,424.50
76.20
681,108.05 1,227.00
121.80
750,902.15 1,706.00
124. 70
340,635.30 1,432.00
143. 95
462,958.75 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
1,121,987.50 1,685.75
268.95
1,474,686.55 1,567.00
316. 85
1,085,529.22 1,130.50
403.15
1,967,445.65 1,300.75
487.53

Express
charges.

FOR"

N e t proceeds.
0

No. 73.

$86,355,723.22
107,891,026.34
112,599,879.51
97,103,360.72
90,156,548.46
96,226,281.48
147,143,649.90
171,048,135.36
196,361,193.28
261,742,386.65
306,817,357.43
295,174,419.81
238,834,864.76
348,549,280.70
459,537,008.30

-DISPOSITION M A D E OF THE N O T E S R E D E E M E D AT THE NATIONAL-BANK
REDEMPTION AGENCY, BY FISCAL Y E A R S , PROM 1895.

Delivered to t h e Comptroller of
t h e Currency.
Fiscal year.

Deposited in
Treasury.

R e t u r n e d to
b a n k s of issue.
For destruction For destruction
and retirement.
a n d reissue.
$35,055,620
46,946,19037,659,960
27,124,260
23,472,650
25,620,660
57,668,715
. 57,303,520
62,563,430
92,025,555
106,286,870
88,9.30,700
43,140,205
62,194,650
89,629,100

1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909

No.

$13,068,369.00.
11,223,150.00
11,092,355.50
15,990,460.00
16,649,275.50
17,909,793.00
. 18,626,437.50
20,085,274.50
26,272,086.00
30,9,36,971.00
25,857,368.00
24,724,135.00
25,454,254.50
39,535,156.50
89,562,083.00

$65,341.00
91,894.00
69,019.00
71,155.00
84,926.00
111,699.00
122,883.13
148,477.00
174,806.50
291,351.00
308,547.50
267,451.50
295,300.00
469,965.00
532,949.00

$4,203,973.31
9,967,390.66
4,731,248.16
3,790,578.38
3,209,447.84
6,787,132.32
0,080,514.09
9,944,632.95
12,691,238.23
14,735,342.88
14,682,532.31
11,372,838.12
12,377,478.38
62,277,880.08
20,645,203.88

7 4 . — M O D E OF PAYMENT FOR N O T E S R E D E E M E D AT THE NATIONAL-BANK
REDEMPTION AGENCY, BY FISCAL Y E A R S , PROM 1895.

Fiscal year.

1895
1896.
1897
1898.
1899
1900
1901
1902
1903.
1904
1905
1906
1907
1908.
1909

$40,094,540.00
43,866,375.00
69,014,687.50
54,858,155.50
50,530,827.50
49,006,445.00
71,432,232.50
89,646,745.00
104,604,265.50
136,444,405.00
174,417,382.50
184,561,827.50
168,940,465.00
196,449,107.50
321,445,552.50

Balance on
hand.

Transfer
checks.

$40,374,030.32
48,774,713.30
55;567,032.9O
. . . 42,186,863.86
24,730,838.15
28,433,009.35
65,935,811.50
61,870,406.50
63,.546,511.10
95,594,893.78
107,599,546.95
122,852,8.33.45
126,576.021.21
. . 172,719,195.75
219,617,316.49

-. .

U n i t e d States
currency.

Gold, silver, Credit in gena n d m i n o r eral account.
coin.

$31,625,706.66
$61,236.65 $13,604,654.93
29,331,636.61
82,669.45 28.893,499.85.
36,525,208.00
57,208.70 19; 084,125.58
39,921,232.75
83,747.40 13,733,920.92
49,339,819.20
84,399.50 14,984,970.20
55,877,983.30
78,301.35 11,380,978.28
58,986,976.54 . 41,954.90 21,508,997.10
74,811,828.26
46,770.80 33,603,045.00
95,919,863.47
. 47,084.45 36,178,517.50
123,598,051..41
31,829.60 41,360,571.40
146,513,677.16
81,430.80 50,629,868.00
123.371,141.71
109,491.20 46,965,078.53
62;747,460.05
151,594.40 47,676,609.25
123,985,045.30
190,323.65 48,732,300.17
165,668,342.33
187,978.58 65,451,853.20




Credit in
redemption
account.

Total.

$690,094.66
$86,355,723.22
107,891,026.34
808,507.13
1,366,304.33
112,599,879.51
1,177,595.79
97,103,360.72
1,016,521.41
90,166,548.46
456,009.20
^96,226,281.48
669,909.86
147,143,649.90
716,084.80
171,048,136.36
669,216.76
196,361,193.28
1,157,040.46
261,742,386.65
306,817,357. 43
1,992,834.52
1,875,874.92
295,174,419.81
1,683,179.85 , 238,834.864.76
2,922,415.83
348,549,280.70
8,611,517.70
459,537,008.30

250

EEPORT ON T H E FINANCES.

N o . 7 5 . — D E P O S I T S , REDEMPTIONS, ASSESSMENTS FOR E X P E N S E S , AND TRANSFERS
AND REPAYMENTS ON ACCOUNT OP THE F I V E P E R CENT REDEMPTION F U N D OP
NATIONAL B A N K S , BY FISCAL Y E A R S , PROM 1895.

Fiscal year.

Deposits.

Redemptions.

Assessments.

Transfers a n d
repayments.

Balance.

0

1895
1896
1897..
1898
1899..
1900
1901..
1902
1903
1904
1905
1906 . .
1907
1908
1909

No.

$76,630,065.50
91,565,065.77
107,249,316.44
83,511,779.36
75,885,139.10
78,354,882.88
131,535,726.84
148,687,860.75
169,458,3.51.28
230.952,146.79
282,914,986.56
279,186,849.35
214,858,638.72
260,678,988.70
415,116.821.67

-

:

$74,907,472.50
90,967,815.00
106,608,977.50
81,817,265.50
73,982,227:50
74,872,477.50
128,928,835.00
147,010,875.00
167,643,585.50
228,324,620.00
280,998,292. .50
272,996,587.50
212,082,400.00
261,197,305.00
409,517,715.00

$107,222.51
100,159.28
114,814.32
125,971.49
130,417.31
121,420.28
122,544.28
153,334.03
156,409.72
176,464.24
223,672.88
249,350.38
248,742.26
234,300.66
271,934.30 -

$510,917.34
273,425.83
671,838.92
924,597.79
1,041,481.13
1,021,916.07
723,459. 79•
1,622,486.52
1,176,007.51
1,351,771.62
977,191.78
1,570,711.55
1,480,983.67
2,347,492.91
2,367,908.44

$7,349,343.80
7,573,009.46
7,426,695.16
8,070,639.74
8,801,652.90
11,140,721.93
12,901,609.70
12,802,774.90
13,285,123.45
14,384,414.38
15 100,243.78
19.470,443.70
20;516,956.49
17,416,846.62
20,376,110.55

7 0 . — D E P O S I T S , REDEMPTIONS, AND T R A N S F E R S AND REPAYMENTS ON ACCOUNT
OP THE R E T I R E M E N T R E D E M P T I O N ACCOUNT, BY FISCAL Y E A R S , FROM 1895.

Deposits.
Fiscal
year.

Redemptions.
Insolvent and
Uquidating.

1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909

$2,870,75L00
2,466,435.50
3,685,082. 00
3,960,390.50
5,578,175.00
3,776,186.00
2,795,986. 00
8,314,110.50
10,029,185.50
8,027,613.00
15,862,474.00
19,207,465.10
11,029,187.00
30,743,532.00
14,841,244.60

No. 77.

Transfers a n d
repayments.

Balance.

T'otal.

$9,346,995.50
3,659,307.00
12,324,430. 00
18,800,530.00
18,121,441.00
14,626,460.00
10,861,289.00
25,232,209.50
17,181,070.00
18,879,475.00
8,301,695.00
17,467,742.50
22,224,662.50
37,112,837.50
30,780,495.00

$12,217,746.50 $13,068,369.00
6,125,742.50 • 11,223,150.00
16,009,512.00
11,092,355.50
22,760,920.50
15,990,460.00
23,699,616.00
16,649,275.50
18,402,646.00
17,909,7^3.00
13,657,275.00
18,626,437.50
33,546,320.00 . 20,085,274.50
27,210,255.50
26,272,086.00
26,907,088.00
30,936,971.00
24,164,169.00
25,857,368.00
36,675,207.60
24,724,135.00
33,253,849.50
25,454,254.50
67,856,369.50
39,535,156.50
45,621,739.50
89,562,083.00

$161,574.00 $25,359,489.00
160,059.00 20,102,022:50
560,542.00 24,458,637.00
735,950.50 30,493,147.00
1,726,106.00 35,817,381.50
1,162,356.00 35,147,878.50
774,406.50 29,404,309.50
.793,385.50 42,071,969.50
2,956,830.50 40,053,308.50
496,883.00 35,526,542.50
1,606,241.50 32,227,102.00
1,542,535.60 42,635,639.00
2,776,429.50 47,658,804.60
3,520,733.00 72,4.59,284.50
28,618,941.00

- E X P E N S E S INCURRED IN THE REDEMPTION OP NATIONAL-BANK N O T E S , BY
FISCAL Y E A R S , PROM 1895.

Charges for
transportation.

Fiscal year.

1896
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909

Reducing.

".
. ..
:
•.
:.




$21,035.82
32,518.93
44,518.60
34,337.93
30,725.56
31,767.33
55,549.75
69,957.96
67,998.88
95,580.12
111,561.20
104,477.20
73,101.56
104,685.62
147,020.70

Salaries.

$76,411.97
77,766.64
"77,977.62
87,183.64
87,161.01
86,986.30
87,056.10
87,425.25
99,802.67
114,540.80
126,237.63
136,056.02
151,477.77
156,421.19
230,044.80

Stationery,
printing, and
binding.
$2,173.41
2,825.97
2,515.92
3,387.11
1,966.34
3,561.94
2,859.25
4,621.51
4,693.88
6,055.20
7,500.28
6,790.10
5;909.36
8,506.90
10,748.36

Contingent
expenses.

$731.59
974.19
49.69
1,015.67
1,438.49
669.19
771.08
1,791.61
1,982.19
2,917.01
2,668.15
3,600.92
3,161.83
1,226.50
8,929.29

Total.

$100,352.79
•114,085.63
125,061.73
125,924.36.
121,291.40
122,984.76
146,236.18
153,796.33
174,477.62
219,093.13
247,973.26
250,924.24
233,650.52
270,840.21
396,743.15

R a t e of
expense
per $1,000.
$1.15
1.125
1.0701
1.29646
1.34611
1.33558
.9956
.92444
.90262
.84716
. 80993
.84528
.98615
.90366
. 79762

251

TBEASURER.

No.

7 § . — G E N E R A L CASH ACCOUNT OP THE NATIONAL-BANK REDEMPTION AGENCY
FOR THE FISCAL Y E A R 1909, AND PROM JULY 1, 1874.

For fiscal year. From July 1,1874.
DR.
Balance from previous year
National-bank notes received for redemption
"Overs"

-

Total

$62,277,880.08
461,522,20L92 $5,376,695,992.71
83,100. 36
680,734.12
523,883,182.36

5,377,376,726.83

89,629,100.00
411,007,635.50
532,949. 00
1,960,880.30
487. 53
1,300.75
6,565. 35
99,060.05
20,645,203.88

1,731,091,376.00
3,462,414,964.60
137,046,696.18
25,230,973.03
86.978.87
92; 697. 60
160,494.17
607.342.50
. 20,645,203.88

523,883,182.36

5,377,376,726.83

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 deductedCounterfeit notes returned
Uncurrent notes returned or discounted
' ' Shorts "
Cash balance June 30,1909
Total

N o . 79.-

- A V E R A G E AMOUNTS OP NATIONAL-BANK N O T E S R E D E E M A B L E AND
AMOUNTS R E D E E M E D , BY FISCAL Y E A R S , PROM 1895.

O u t of deposits for retirement.

O u t of 5 p e r c e n t fund.

Fiscal year.
Average
redeemable.
1895....
1896
1897
1898
1899
1900
1901
1902.
1903
1904.
1905
1906
1907
1908
1909

$27,720,318
22,604,148
21,513,208
29,679,023
32,023,249
36,424, 466
31,258,712
35,966,721
-. .
• 43,179,711'
38,920,347
32,798,435
38,019,161
47,075,981
57,388,822
44,837,970

Redeemed.

Average
redeemable.

Redeemed,
fit for use.

$13,068,369
11,223,150
11,092,355
15,990,460
16,649,275
17,909,793
18,626,437
20,085,275
26,272,086
30,936,971
25,857,368
24,724,135
25,454,255
39,535,156
89,562,083

$180,140,091
194,529,242
211,375,241
198,491,851
207,264,424
223,869,280
308,625,545
322,207,220
339,993,484
389,966,135
435,487,040
500,046,264
542,369,618
605,084,732
635,828,337

$35,055,620
46,946,190
37,659,960
27,124,260
23,472,650
25,620,660
57,668,715
57,303,520
62,563,430
92,025,555
106,286,870
88,930,700
43,140,205
62,194,650
89,629,100




Redeemed,
unfit for use.
$40,094,540
43,866,375
69,014,688
54,858,156
50,530,828
49,006,445
71,432,232
89,646,745
104,604,266
136,444,405 •
174,417,383
184,561,828
168,940,465
196,449,108
321,445,552

Total
redeemed.
$76,150,160
90,812,565
106,674,648
81,982,416
74,003,478
74,627,105
129,100,947
146,950,266
167,167,696
228,469,960
280,704,253
273,492,528
212,080,670
258,643,758
411,074,652

252
No.

REPORT ON T H E FINANCES.
§ 0 . — P E R C E N T A G E OF OUTSTANDING NATIONAL-BANK N O T E S REDEJEMED AND
ASSORTED EACH FISCAL Y E A R PROM 1900, BY GEOGRAPHICAL D I V I S I O N S .
Division.

Maine
NewHampshire.
Vermont
Massachusetts...
Boston
R h o d e Island
Connecticut
New England.

1902.

1900.

1903.

1904.

1905;

1906.

1907.

1908.

64.88
67.93
70.36
69.65
87.66
67.54
80.56

66.49
69.61
70.73
73.78
86.82
80.27
87.76

55.31
59.40
60.16
65.33
78.32
68.43
7310

41.54
42.19
44.91
45.52
51.62
5 3 59
50.51

43.59
43. 83
47.17
47.21
50.96
54.44
54.98

73.25

77.39

67.10

47.36

49.31

69.24 74.54 70.13
101.62 114.02 83.60
89.17 104. 52 89.33
62.13 68.69 60.72
81.97 78.18 7 3 47
61.10 66.87 65.01
64.15 82.23 79.66
134. 30 143.86 111. 89
74.24 86.77 75.88

46.04
47.23
57. 70
47.00
52.67
54.05
6311
75.57
60.83

54.31
54.07
60. 07
48.44
51.55
5L87
57.25
6 3 75
63.03

38.53
39.77
40.05
45.47

55.23
58.00
5 3 87
60.94

51.55
5 3 43
5 3 32
6L78

55.33
59.69
59.03
64.85

4 3 84
4 3 54

54.51
56.96

55.95
6L95

56.27
6 3 67

43 55

58.37

59.03

45.76

59.50

64.84

7 3 07

51.11
39.59

68.68
42.62

70.48
46.39

7 3 51
54.78

41.04
49.37

42.75
61.44

46.78
70.77

55.86
8316

New York
New York C i t y . .
N e w Jersey
Pennsylvania
Philadelphia
Delaware
Maryland
Baltimore
District of C o l u m b i a .

50.12

57.31

Eastern.

43 99

5 3 73

58.43

66.88

80.46

18.70

74.56

49.75

5 3 20

36.88
25.99
42.65
54.87
3 3 67
39.40
27.83
26.54
20.34

46. 37
32.03
6 3 23
64.53
47.58
41.68
4 3 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
44.8842.66
4310
47.23
56.22

27.57
25.67
2 3 04
2 3 40

31.95
28.19
25.15
3L89

36.01
38.57
31.60
34.10

36.81
34.86
36.68
35.06
6.75

5 3 26
51.59
54.64
62.29
58.56
49.63
47.66
48.92
39.25
74.87
41.82
32.20
42.24
38.63
67.25

69.85
60.39
69.24
77.37
60.88
55.80
54.16
51.10
41.99
64.28
48.24
40.27
48.19
45.02
55.90

58.02
52.02
55.73
6L30
52.55
46.86
44.08
50.71
40.43
71.09
39.75
33 60
42.32
41.85
65.90

44.58
38.44
43 56
45.19
41.02
40.70
35.23
37.01
44.28
66.04
30.80
28.62
3 3 52
35.99
37.05

56.25
49.70
58.73
58.33
54.65
45.75
54.66
4 3 66
46.63
48.79
45.68
40.82
40.44
43 68
57.15

Virginia
W e s t Virginia
N o r t h Carolina.. South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
N e w Orleans.
Texas
Arkansas
Kentucky
Tennessee
P o r t o Rico

6 3 80

Southern.

28.60

36.34

38.17

41.25

47.55

54.64

46.83

37.63

48.36

Ohio
Cincinnati.
Indiana
Illinois
Chicago
Michigan
Wisconsin
..
Minnesota....'.
Iowa...i...
Missoiiri
St. L o u i s . .

22.70

27.62

3L61

35.77

21. 31
22.12

24.41
26.93

26.29
32.84

28.74
35.45

2 3 98
21.18
24.12
21.10
20.15

27.71
24.98
25.25
24.40
24.93

27.65
27.04
26.45
27.90
41.18

31.37
31.39
29.75
32.51
38.26

4L75
52.43
35.88
35.50
56.69
34.42
30.70
34.43
35.62
28.83
5L5S

46.15
5 3 43
40.61
40.27
55.31
39.35
34.64
39.70
40.30
41. 34
53. 44

40.76
40.23
34.85
35.93
38.68
34.38
27.80
32.723318
32.32
42.36

34.27
30.96
29.24
30.02
3L82
28.70
24.52
26. 44
27.52
27. 65
37.84

38.12
36.37
3 3 59
3 3 98
26.93
31. 68
29.99
32.81
3L51
37.56
30.41

Middle.
North Dakota
South D a k o t a
Nebraska
Kansas
•-..
Montana
• Wyoming
Colorado
N e w Mexico
Oklahoma
I n d i a n Territory Western...

22.05

26.25

32.00

34.45

39.59

4 3 96

36.75

30.75

33.90

24.59
25.42
2 3 26
22.17
25.56
22.95
2 3 56
25.12
20.38
21.41

2 3 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
3 3 41

29.89
31.40
34.51
32.00
3 3 70
34.53
39.72
37.97
32.24
37.13

34.83
35.91
35.30
34. 54
37.80
38.33
40.43
44.84
34.90
39.48

40.70
36.30
37.32
41.42
40.09
4L74
35.87
49.23
50.22
49.54

32.97
32.82
30.90
34.42
35.03
35.20
32.17
42.44
37.88
36.20

24.99
27.08
26.04
27.78
29.06
27.55
30.93
3L71
30.18
30.72

34.42
32.85
30.07
3 3 02
34.33
37.47
33.65
39.86
41. 29

23 33

24.04

30.62

34.52

36.79

40.78

33.81

28.41

34.45

27.87
29.56
45.30

30.68
33.45
32.24

3 3 92
35.24
37.35

38.28
45.82
4 3 00

30.43
21.70
32.91
28.17
25.60

28.02
2L66
3 3 73
32.21
16.00
12.58

29.21
29.67
37.48
37.35
12.00
54.56

34.06
3 3 26
4L54
42.96
10.00
45.22

44.06
51.22
48.72
46.33
38.45
43 98
28.47
49.65
18.40
139.99

47.03
57.48
52.13
45.20
42.27
40.64
46.03
48.40
26.80
96.57

35.62
46.53
48.25
38.49
3 3 56
35.15
45.14
43. 35
14.29
88.31

3L74
33.39
35.56
33.89
28.63
3L03
44.71
36.38
26.32
60.55

33.66
44.92
44.99
37.82
34.90
38.71
58.21
50.19
32.32
59.55

Pacific

34.90

30.64

United States.

35.85

Washington
Oregon
California
San Francisco..
Idaho
Utah
".
Nevada
Arizona
Alaska
Hawaii




36.64

4L50

47.57

49.10

42.35

34.40

4L34

46.82

5L68

(^.52

65.84

55.21

40.27

44.87

253

TREASURER.
No.

§ 1 . — - A V E R A G E AMOUNT OP NATIONAL-BANK N O T E S OUTSTANDING AND THE
R E D E M P T I O N S , BY FISCAL Y E A R S , FROM 1875.

Redemptions.
. Year.

Year.
Amount.

1875
1876.
1877
1878...
1879
1880.
1881
1882
1883
1884...
1885
1886...
1887
1888...
1889
1890.
1891
1892

No.

Redemptions.

Average
outstanding.

$155,520,880
209,038,855
242,885,375
213,151,458
157,656,64561,585,676
59,650,259
76,089,327
102,699,677
126,152,572
150,209,129
130,296,607
87,689,687
99,152,364
88,932,059
70,256,947
67,460,619
69,625,046

$354,238,291
344,483,798
321,828,139
320,625,047
324,244,285
339,530,923
346,314,471
359,736,050
359,868,524
347,746,363
327,022,283
314,815,970
293,742,052
265,622,692
230,648,247
196,248,499
175,911,373
172,113,311

Average
outstanding.

Per cent.
43.90
60.68
75.47
66.48
48. 62
18.13
17.22
21.15
28.53
36.27
45.93
41. 38
29.85
37.32
38. 55
35. 80
38.34
40.45

Amount.
1893
$174,755,355
1894
205,322,804
1896207,860,409
1 8 9 6 . . . . : . - - 217,133,390
232,888,449
1897
228,170,874
1898
239,287,673
1899
260,293,746
1900
339,884,257
1901
358,173,941
1902
383,173,195
1903
428,886,482
1904
468,285,475
1905
538,065,425
1906
589,445,599
1907
662,473,554
1908
680,666,307
1909

Per cent.

$75,845,225
105,330,844
86,709,133
108,260,978
113,573,776
97,111,687
90,838,301
96,982,608
147,486,578
171,869,258
196,429,621
262,141,930
308,298,760
296,292,885
240,314,681
349,634,341
461,522,202

43 40
61 30
41 71
49 86
48.76
42 56
37.96
37 25
43.39
47.98
51.26
61 12
65.84
55 07
40.77
52 78
67.80

8 2 . — C H A N G E S DURING THE FISCAL Y E A R 1909 IN THE F O R C E EMPLOYED IN
THE T R E A S U R E R ' S O F F I C E .

Total force June 30, 1908:
Regular roll
Detailed to

538
75

"
.

613
Discontinued
Died
Resigned
Transferred from
Detailed from
Details discontinued

8
4
19
14
2
75

,

j^22
Appointed
Reappointed
Transferred to
Detailed to

\
,

18
12
45
146
221
99

Total force June 30, 1909
No.

712

83.—^APPROPRIATIONS MADE F O R T H E FORCE EMPLOYED IN THE T R E A S U R E R ' S
. O F F I C E A N D S A L A R I E S P A I D D U R I N G T H E F I S C A L Y E A R 1909.

Appropriated.

:..

Total
Reimbursable roll (force" employed in redemption ofnational
currency)
'
Deficiency appropriation
Total
Aggregate:
Regular roll
Reimbursable roll
Total




:.
'.

$450,000.00
650.00
21,928.72

$442,736.44
650.00
21,307.41

$7,263.66

464,693 85

7,884.87

133,840.00
68,442.34

132,272.25
67,064.64

1,567.75
1,377.70

202,282.34

Regular roll
Increase of Treasurer's salary
Deficiency appropriation . . :

Expended.

472,578.72

Roll on which paid.

199,336.89

2,946.45

472,578.72
202,282.34

464,693.85
199,336.89

7,884.87
2,946.45

674,86L06

664,030.74

10,830.32

Balance unexpended.

'62L3i




REPORT OF THE DIRECTOR OF THE MINT.

TREASURY DEPARTMENT,
B U R E A U OF THE M I N T ,

Decemher I4,1909.
SIR: I n compliance with' the provisions of section 343, Kevised
Statutes of the United States, the following report covering the operations of the mints and assay offices of the United States during the
fiscal year ended June 30,1909, being the thirty-seventh annual report
of the Director of the Mint, is respectfully submitted:
DEPOSITS OF GOLD BULLION.

The value of the gold contained in original deposits at the mints
and assay offices during the fiscal year 1909 was $142,124,941.59, and
the value of uncurrent domestic gold coin deposited was $3,432,288.62,
making a total of $145,557,230.21.
The redeposits during the year, consisting of bullion transferred
from one office to another and bars bearing the stamp of one of the
mints or assay offices, which had been paid out, amounted to $46,757,462. The total value of gold bullion and uncurrent domestic and foreign coin received, including redeposits, amounted to $192,314,693.
Domestic bullion deposited contained 6,435,350 standard ounces, of
which 2,691,889 standard ounces were crude bullion requiring parting
and refining. There were contained in refinery bars (less than 0.992
in fineness) 641,690 standard ounces, and 3,101,771 standard ounces
of refined bullion (0.992 and over in fineness). The latter was received
from private refineries, chlorination and cyanide works.
UNCURRENT DOMESTIC GOLD COIN POR RECOINAGE.

Uncurrent and mutilated United States gold coin containing
184,486 standard ounces was received for recoinage, the coining value
of which in new coin was $3,432,288.62. @f this amount 69,735
standard ounces were purchased over the counter at the different
mints and assay offices, and 114,751 standard ounces were contained
in coin transferred by the Treasury for recoinage. The difference
between the face value of the mutilated and uncurrent gold ^coin
received during the year and the value of the same in new coin was
$26,049.38, which sum represents the loss on recoinage.
DEPOSITS OF J E W E L E R S ' BARS.

Jewelers' bars and old plate containing 284,814 standard ounces of
the value of $5,298,857 were received.
,




256

256

REPORT ON THE FINANCES.
R E D E P O S I T S OP GOLD B U L L I O N .

The redeposits contained 2,513,214 standard ounces pf gold of the
value of $46,757,462, fine bars representing 2,399 standard ounces
($44,634), and unparted bars representing 2,510,815 standard ounces
($46,712,828), as follows:
U n p a r t e d b a r s deposited at—
B a r s m a n u f a c t u r e d at—
Philadelphia.

Denver.

New York.

Helena.

Seattle.

Stand, ozs.
821
1,098,899

N e w Orleans
NewYork
Carson
Boise
Helena
Charlotte
St. Louis
Deadwood
Seattle
Salt L a k e City

San F r a n cisco.
Stand, ozs.

s t a n d , ozs.

Stand, ozs.

Stand, ozs.

Stand, ozs.

140,702
56,384
99,346
5,899
26,516
66,653

119
3
19,993

Total...

160,695

1,.354,518

972,123
23,349
995,472

8
3

119

8

F i n e b a r s deposited at—
B a r s m a n u f a c t u r e d at—
Philadelphia.

San F r a n cisco.

Stand, ozs.
Philadelphia
Carson
S t . Louis

New York.

Stand, ozs.
1

Stand, ozs.

.
•...
:

23

2,369-

Total

2,369

7

23

D E P O S I T S OP F O R E I G N GOLD BULLION A N D COIN.

Foreign gold bulhon containing 861,157 standard ounces, of the
value of $16,021,521, and foreign gold coin containing 55,598 standard ounces, of the value of $1,034,378, were deposited, and consisted
of bullion and coin produced in the following-named countries;
Crude b u h i o n .

Refined b u h i o n .

Coin.

Source.
Standard
ounces.

Value.

Standard
ounces.

Value.

Standard
ounces.

Value.

<5'

British Columbia
Northwest Territory
O n t a r i o a n d Quebec
Nova Scotia..
Mexico
Westlndies
Central America
South America..
Australia
Unknown
Austria
GreatBritain...
Russia
Spain

51,152
96,476
1,127
12,511
56,869
1,550
84,992
•126,658
11
39

$951,665
1,794,902
20,967
232,762
1,058,028
28,837
i;581,246
2,356,427
204
. 7 2 4

°

431,385-

8,025,762-

Total...




19,255.

$358,233

309
410,194

5,749
7,631,517
261

14

429,772

7,995,760

731

$13,600

3,827
87
39,780
6,478
44
26
116
4,509

71,199
1,618
740,093
120,520
818
484
2,158
83,888

.55,598

1,034,378

257

DIRECTOR OE THE M I N T .
DEPOSITS AND PURCHASES OF SILVER.

The deposits of silver received at the mints and assay offices during
the fiscal year ended June 30, 1909, for return to depositors in fine or
unparted oars,, with the weight and fineness stamped thereon, aggregated 3,597,155.34 standard ounces. The United States assay office
at New York received the greater part of these deposits.
The government of the Philippine Islands deposited at the United
States mint, San Francisco, silver coin issued under the act of March 3,
1903, containing 8,127,302.80 standard ounces, for recoinage into
coins of reduced weight and fineness, as authorized by the act of
June 23, 1906.
The Government of San Salvador deposited for coinage at the mint,
San Francisco, 557,148.53 standard ounces of silver.
The purchases and deposits of silver bullion at the mints and assay
offices of the United States during the fiscal year 1909 were as
follows:
Standard
ounces.
Silver p u r c h a s e d
Silver p a r t e d from gold deposits a n d p u r c h a s e d
U n c u r r e n t domestic coin for recoinage
For r e t u r n in fine bars
F o r P h i l i p p i n e coinage
F o r S a n Salvador coinage

4,141,124.62
2,739,529.43
729,971.04
3,597,155.34
8,127,302.80
557,148.53

Total

19,892,231.76

U N C U R R E N T DOMESTIC SILVER COINS FOR

Uncurrent and mutilated domestic silver
age contained 733,261 standard ounces of
new subsidiary coin. The net loss on this
Jewelers' bars and old plate containing
were deposited.
R E D E P O S I T S OP SILVER

RECOINAGE.

coins received for recointhe value of $912,300 in
recoinage was $65,018.
556,693 standard ounces

BULLION.

The redeposits contained 3,261,789 standard ounces of silver—
fine bars representing 253,349 standard ounces, unparted bars representing 2,152,546 standard ounces, and mint bars representing
855,894 standard ounces as follows:
Unparted bars deposited at—
Bars manufactured at—

New Orleans
NewYork
Carson
Boise
Helena
Charlotte
St. Louis.. . . . .
Deadwood
Seattle
Salt Lake City
Total.

13518—FI 1909-

San Francisco.

Denver.

New York.

lielena.

Seattle.

Stand, oz.
-•56
1,76.3,302

:

Philadelphia.

Stand, oz.

Stand, oz.

Stand, oz.

Stand, oz.

Stand, oz,

.

30,335
46,687
836
765
98,608

1,940,589

-17




45,185
11

3,015

144,824
18,823

48,200

163,647

98

98

?
11

?

258

EEPORT ON T H E FINANCES.
Fine bars deposited a t Bars manufactured a t -

Philadelphia.

Mint bars
deposited
at PhilaNew York. delphia.

Staiid. oz.

Stand, oz.
29,174

172,037

Philadelphia
New Orleans
New York

52,138

70
855,824

81,312

855,894

•

' Total

172,037

Stand, oz.

1

DEPOSITS OF FOREIGN SILVER BULLION AND SILVER COIN.

Foreign silver bulhon containing 2,585,411 standard ounces of
the coining value of $3,008,478, and foreign silver coin containing
24,352 standard ounces of, the value of $28,337 were received from
various countries as follows:
Refined.
Source.

British Columbia
Northwest Territory :
Ontario and Quebec
Nova Scotia
Mexico
West Indies
Central America
South America
Spain
Unknown
Total

Standard
ounces.

Unrefined.
Standard
ounces.

Value.

413,750

$481,455

394,651

459,230

Coin.
Standard,
ounces.

Value.

10,240 . $11,916
23,119
26,902
298,629
347,496
1,127
1,312
1,346,324
1,566,630
191
222
53,706
62,494
43,655
50,799

33

$38
22,853
7
532
4,907
28,337

19
SOS,401

940,685

Value.

22

19.639
6
457
4,217

1,777,010

2,067,793

24,352

RECAPITULATION OF DEPOSITS AND PURCHASES OP GOLD AND SILVER BULLION AND
COIN AT THE MINTS AND ASSAY OFFICES OF THE U N I T E D STATES D U R I N G THE
FISCAL Y E A R 1909."
Gold.
Locality.

Alabama
Alaska
Arizona
California
Colorado
Georgia
Idaho
Michigan
Missouri
Montana
Nevada
New Mexico
North Carolina
Oklahoma
Oregon
South Carolina
South Dakota
Tennessee
Utah
Virginia
Washington
Wyoming
Other States
Philippine Islands.
Porto Rico...




Standard
ounces.
130. 953
970,534. 382
57,261. 709
317,355. 342
438, 157. 246
h 456. 821
905.487
43,
.992
103,419.429
296, 371. 340
6,868. 972
2,665.077
1.184
24,135.155
1,259.417
381,633. 474
3.357
393.OCO
55. 767
071. 261
77.137
418.152
51. 542
61.882

Coinage
value.
$2,436.34
18,056,452. 62
1,065,334.13
5,904,285.42
8,151,762. 70
27,103. 64
816,842.71
18. 45
1,924,082.04
5,513,885. 29
127,794.81
49,582.83
22.03
* 449,026.14
23,431.01
7,100,158. 33
62.46
825,916.21
- 1,037.52
31,093.23
1,435.10
7, 779. 57
958. 93
1,151. 29

Standard
ounces.
1,329.56
131,418.43
20,416.91
71,603.86315,918.11
245.94
25,567. 81
15,263. 61
140.69
55,826.94
108,727.14
175,320.17
442. 02
.11
5,972. 72
178. 80
195,534.32
32
9,746". 70
8.31
566. 51
7.39
142. 73
14.46
6.14

Coinage
value.
$1,547.12
152,923. 25
23,757.85
83,320.86
367,613.79
286.19
29,751. 62
17,761. 29
163. 71
64,962. 26
126,518.86
204,008.92
514. 35
.13
6,950.08
208.05
227,530.84
.38
11,341.62
. . .9.66
659. 21
8.60
166. 09
16.83
7.16

259

DIIiEGTOB OF T H B M I N T .

RECAPITULATION OF D E P O S I T S AND P U R C H A S E S OF GOLD AND SILVER BULLIO^N AND
COIN AT THE M I N T S AND ASSAY OFFICES OF THE U N I T E D STATES D U R I N G THE

FISCAL Y E A R 1909—Continued.
Silver.

Gold.
Locality.
Standard
ounces.
D o m e s t i c bullion:
Unrp.fmed .
Refinery b a r s
Refined

Coinage
value.

Standard
ounces.

Coinage
value.

2,691,889.078
641,689.520
3,101,771.497

T o t a l deposits
Redeposits:
Fine bars
Unparted bars
Mint bars
T o t a l redeposits

1,134,399.70
89,691.00
4,748,537.29

$1,320,028.71
104,367.70
5,525,570.64

6,435,350.095

119,727,439.13

5,972,627.99

6,949,967.05

69,734.953
114,750.560

1,297,394.49
2,134,894.13

3,190. 37
729,97L04
100.05
6,376.77
8,127,302..8O
.80

3,712.42
849,420.85
116.42
7,420.24
9,457,225. 07
.93

431,384.686
429,772.069
55,597. 797
284,813.571
1,460.625
758.329

8,025,761.60
7,995,759.42
1,034,377.62
5,298,856.76
27,174.43
14,108.47

1,777,010.18
808,401.49
24,352.12
. 556,692.58
20,854.88
984. 95

2,067,793. 66
940,685. 39
28,337.00
647,787. 72
24,267.49
1,146.10

26. 670
2. 969
49. 060

496.18
55.24
912. 74

23.26
L14
15.27

27. 06
1.33
17.77

145,557,230. 21

18,027,905.69

20,977,926. 60

2,402.551
2,510,811.044

T o t a l domestic
D o m e s t i c coin:
Uncurrent
U n c u r r e n t , transferred
T r a d e dollars
•
P h i l i p p i n e assay coins
P h i l i p p i n e coins for recoinage
Philippine purchases
.
Foreign bullion:
Crude
. . . . .
Refined
F o r e i g n coin
'
Jewelers' b a r s , old p l a t e , e t c
S u r p l u s bullion recovered
D e p o s i t melting-room grains
Sweeps from—
H e l e n a oflB.ce
Charlotte oflBce
Assayers' r e m n a n t s

$50,081,652.80
11,938,409.65
57,707,376.68

7,823,701.384

.

44,633. 78
46,712,828.55

253,349.12
2,152,546.09
855,894.08

294,806. 25
2,504,780.89
995,949.47

2,513,213.595

46,757,462.33

3,261,789.29

3,795,536.61

10,336,914. 979

Total

192,314,692. 54

21,289,694. 98

24,773,463.11

D E P O S I T S OF GOLD AT U N I T E D STATES M I N T S AND ASSAY OFFICES SINCE 1873.

*
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
1896

Domestic
bullion.

Character of gold deposited.

Domestic
coin.

$28,868,569.78 $27,116,948.27
6,275,367.29
29,736,387.82
1,714,311.50
34,266,124.52
417,947.15
37,590,529.39
447,339.68
43,478,103.93
301,021.79
48,075,123.76
198,083.17
38,549,705.89
209,328.82
35,821,705.40
440,776.97
35,815,036.55
599,356.80
31,298,511.97
374,129.23
32,481,642.38
263,117.17
29,079,596.33
325,210.97
31,584,436.64
393,545.28
32,456,493.64
516,984.63
32,973,027.41
492,512.60
32,406,306.59
585,066.87
31,440,778.93
655,474.96
30,474,900.25
583,847.16
31,555,116.85
557,967.86
31,961,546.11
792,470.43
33,286,167.94
2,093,615.46
88,696,951.40
1,188,258.21
44,371,949.83




Foreign
buhion.

Foreign coin.

Surplus b u l lion, grains,
jewelers'
bars, old
plate, etc.

'$426,107.44
3,162,519.92
739,439.66
1,141,905.76
1,931,163.12
2,068.679.05
1,069,796.89
21,200,997.23
37,771,472.26
12,783,807.04
4,727,143.22
6,023,734.45
11,221,846.45
4,317,068.27
22,571,328.70
21,741,042.44
2,136,516.66
2,691,932.29
4,054,822.86
10,935,154.69
2,247,730.78
15,614,118.19
14,108,435.74

$518,542.14
9,313,882.47
1,111,792.26
2,111,083.80
2,093,260.73
1,316,461.09
1,498,819.71
40,426,559.63
55,462,385.74
20,304,810.78
6,906,083.80
9,095,461.45
7,893,217.77
5,673,565.04
9,896,512.28
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

$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
3,633,603.68
3,830,176.02
3,118,421.45
3,21^,809.43

-Total.

$57,704,386.88
49,142,5n. 06
38,656,293.90
41,943,285.42
48,787,778.71
62,669,217.89
42,254,156.80
98,835,096.85
130,833,102.45
66,756,652.95
46,347,106.05
46,326,678.66
52,894,075.09
44,909,749.23
68,223.072.87
72,225;497.56
42,136,435.76
42,663,095.26
. 48,485,800.82
61,131,460.04
46,449,841.60
71,909,513.31
65,161,067.28

260

REPORT ON" T H E FINANCESo

D E P O S I T S OF GOLD AT U N I T E D STATES M I N T S AND ASSAY OFFICES SINCE 1873—Con.

Character of gold deposited.
Fiscal
year
ended
J u n e 30—

Domestic
bulhon.

Domestic
coin.

Foreign
bullion.

1896....:..
1897
1898
1899
1900
1901
1902
1903
1904..
1906
1906
1907
1908
1909

$53,910,957.02
60,618,239.77
69,881,120.57
76,252,487.23
87,458,836.23
92,929,695.86
94,622,078.39
96,514,298.12
87,745,626.63
101,618,315.38
103,838,268.01
114,217,462.44
111,735,877.77
119,727,439.13

$1,670,005.53
1,015,314.39
1,187,682.99
1,158,307.57
1,389,096.68
1,116,179.86
1,488,448.16
960,907.95
2,159,818.57
3,404,966.63
1,514,29L19
2,754,283.29
3,989,772.90
3,432,288.62

$6,572,390.14
9,371,52L03
26,477,370.06
30,336,559.47
22,720,150.22
27,189,659.12
18,189,416.90
16,331,058.92
36,802,224.39
17,645,526.82
36,317,864.38
36,656,545.85
71,774,350.81
16,021,521.02

T o t a l . 2,067,339,415.86

F o r e i g n coin.

Surplus bullion, grains,
jewelers'
b a r s , old
plate, etc.

$3,227,409.06 $3,388,622.06
13,188,013.86 2,810,248.66
47,210,077.84 2,936,943.37
32,785,152.48 2,964,683.90
18,834,495.53 3,517.540.93
27,906,489.13 3,959,656.64
13,996,162.21 4,284,724. 22
8,950,595.28 4,247,582.64
46,152,783.87 4,892,930.88
15,141,678.08 5,568,482.95
6 , 6 4 8 , 5 n . 63 4,790,558.31
17,221,251.40 5,731, m . 55
13,684,426.46 6,231,547.01
1,034,377.62 5,341,603.82

Total.

$68,769,383.81
87,003,337.71
147,693,194.83
143,497,190.65
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
176,580,654.53
207,415,974.96
145,557,230.21

73,784,046.60 577,092,922.24 507,201,806.80 108,293,571.24 3,333,711,762.74

DEPOSITS OF SILVER AT U N I T E D STATES M I N T S AND ASSAY OFFICES SINCE 1885.

Character of silver deposited.
Fiscal year 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
1907
. . . .
1908....
1909

Domestic
coin.

Foreign
bullion.

Foreign coin.

Surplus bullion, grains,
jewelers'
bars, old
plate, e t c .

Total.

Domestic
bullion.

F i n e ounces.
24,943,394
25,101,639
29,293,372
28,921,649
29,606,387
29,187,135
50,667,116
56,817,548
56,976,082
15,296,815
6,809,626
4,420,770
3,914,985
2,116,690
5,584,912
4,977,978
2,466,749
1.425,060
• 12,523,630
9,991, .187
4,923,655
2,398,871
20,388,163
16,114,553
5,375,389

F i n e ounces.
678,741
216,015
5,848,585
1,202,177
394,346
466,302
637,652
5,036,246
5,346,912
5,012,060
3,015,905
3,170,768
2,208,953
1,243,050
6,060,986
3,587,992
2,613,570
2,275,090
a 2,511,911
b 2,072,397
d 1,337,242
/ 960,801
770,269
786,085
659,935

Fine ounces.
1,627,619
1,145,017
' 1,127,213
1,290,390
1,063,900
1,852,155
1,767,908
1,556,618
1,738,711
994,901
1,362,141
680,757
626,085
209,987
716,077
1,088,019
1,306,149
1,152,023
1,110,463
1,361,701
1,906,410
.3,165,170
2,552,003
2,963,399
2,326,'847

F i n e ounces.
867,856
628,545
271,166
67,549
328,276
951,162
1,970,912
349,652
505,171
422,725
15,291
150,942
101,157
6,808
• 19,382
44,704
4,250,196
29,265
21,869
c 4,039,100
6 7,796,761
P 1,348,991
/I 4,963,403
» 9,005,007
•
;• 7,342,229

Fine ounces.
336,981
361,316
396,656
485,190
502,223
526,270
. 633,073
572,661
582,728
467,958
580,125
• 604,386
473,755
249,468
484,751
557,831
567,647
575,430
627,108
652,015
739,310
632,544
636,722
648,007
520,715

Fine ounces.
28,454,591
27,452,532
36,936,992
31,966,955
31,895,132
32,983,024
'55,6765661
64,332,725
65,149,604
22,194,459
11,783,088
9,027,623
7,324,935
3,826,003
12,866,108
10,256,524
11,204,311
5,456,868
16,794,981
18,116,400
16,703,378
8,506,377
29,310,560
29,517,051
16,225,115

450,243,355

58,113,990

36,691,663

13,414,870

603,961,997

Total.......

45,498,119

a Includes 461,686 fine ounces Hawaiian coin.
& Includes 148J78S fine ounces Hawaiian coin.
c Includes 6,901 fine ounces Philippine special assay coins. .
d Includes 3,647 fine ounces Hawanan coin.
«Includes 3,456 fine ounces Philippine special assay coins.
/Includes 3,895 fine ounces Hawaiian com.
0 Includes 2,663 fine ounces Philippine special assay coins.
h Includes 4,680,791 fine ounces Philippine coins.
i Includes 3,411 fine ounces Philippine assay coins and 8,866,622 fine ounces Philippine coins for recoinage.
/ Includes 5,739 fine ounces Philippine assay coins and 7,314,573 fine ounces Philippine coins for recoinage.




261

DIRECTOR OF THE MINT^
NEW DESIGN FOR THE ONE-CENT PIECE.

With the approval of the Secretary of the Treasury the new design
for the bronze one-cent piece was adopted in April, 1909. On the
obverse the head of Lincoln appears instead of the Indian head which
this piece had borne since 1864.
The engraver of the mint at Philadelphia was instructed to prepare
dies, and coinage of this piece was commenced in May. No coins
were paid out until after the close of the fiscal year. A stock was
accumulated at the Philadelphia mint to enable that institution to be
in a position to fill orders promptly. The distribution of this piece
was commenced on August 2, 1909.
C O I N A G E O F T H E U N I T E D STATES, FISCAL YEAR 1 9 0 9 .

'

The domestic coinage was as follows:
Denomination.

Pieces.

Gold
Silver, s u b s i d i a r y
Nickel, 5-cent pieces
Bronze, 1-cent pieces

Value.

10,655,469
53,371,200
11,588,558
54,662,295
130,277,522

Total

$108,180,092. 50
11,093,810.00
579,427.90
546,622.95
120,399,953.35

_
Of the subsidiary coinage made during the year $1,407,000 were
from uncurrent domestic coin received for recoinage and $9,686,810
from silver purchased under provisions of section 3526 of the Revised
Statutes.
MUTILATED STANDARD S I L V E R DOLLARS P U R C H A S E D A N D U S E D IN S U B S I D I A R Y SILVER
COINAGE.

There were purchased as bullion and melted at the mints and assay
offices 1,293 mutilated silver dollars during the fiscal year 1909,
which were for use in the manufacture of subsidiary silver coins.
Fiscal year.
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894....
1895
1896
1897 .

Fiscal year.

Amount.
$621
1,850
- . ..

. .
-

8,292
14,055
31,042
' ' 11,977
10,800
42,881
10,500
15,055
18,5'SO
2,034
1,898

1898
1899.
1900
1901..
1902
]903
1904
1905
1906
1907
1908.
1909

Amount.

•
•.
Total.

$1,365
1,734
1,341
1,786
1,893
1,777
1,304
2,298
909
1,548
1,170
. 1,293
188,003

R E C O I N A G E OP U N C U R R E N T U N I T E D STATES C O I N .

The table following shows the face value of abraded subsidiary coin
transferred and purchased for recoinage, the amount of new coin
made therefrom, and the loss since 1891:



262

EEl^ORT OM T H E FINANCES.
V a l u e of n e w
coin produced.

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
1,142,184.00
1,162,982.06
977,321.23

$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
1,064,826.39
1,086,691.94
912,300.40

$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
77,357. 61
76,290.12
65,020.83

74,638,146.07

Fiscal year.

71,028,719.'92

3,609,426.15

Face value.
•

1891
1892
1893
1894
1895
1896
1897.
1898
1899
1900
1901
1902
1903.
1904
1905
1906
1907.
1908
1909.

.
:. . .
.

:....
...
:
•

..
.
Total.

The loss on the recoinage of $3,458,338 in worn and uncurrent gold
coins was $26,049.38 and the net loss on the recoinage of $912,300.40
in worn and uncurrent silver coins was $65,018.05.
The Treasury was reimbursed $5,436.61 loss on uncurrent gold coin
transferred and $64,920.18 loss on uncurrent silver coin transferred
for recoinage from the appropriation for that purpose.
COINAGE OP GOLD AND SILVER OP THE U N I T E D STATES SINCE 1873,

BY FISCAL Y E A R S .

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 ..v..
1902
1903 . . .
1904
1905
1906
1907
1908
1909

•

.

'.

:

...

Total




1,705,187
2,440,165
1,623,173
1,846,907
2,132,283
2,554,151
1,982,742
2,716,630
3,808,751
4,325,375
1,738,449
1,351,250
1,202,657
1,648,493
1,083,275
1,372,117
1,235,687
1,065,302
1,169,330
1,717,650
1,453,095
4,812,099
. 2,125,282
2,848,247
3,465,909
3,126,712
5,233,071
5,221,458
4,792,304
2,998,313
2,211,791
10,091,929
3,869,211
2,563,976
4,279,701
9,541,406
5,233,212

Value.
$35,249,337.00
50,442,690.00
33,553,965.00
38,178,963. 00
44,078,199.00
52,798,980. 00
40.986.912. 00
56,157,735. 00
78,733,864.00
89,413,447. 00
35,936,928. 00
27,932,824.00
24,861,123. 00
34,077,380.00
22,393,279. 00
28,364,171. 00
25,543,910. 00
22,021,748.00
24,172,203. 00
35,506,987. 00
30,038,140. 00
99.474.913. 00
43,933,475. 00
58,878,490. 00
71,646,705. 00
64,634,865. 00
108,177,180. 00
107,937,110. 00
99,065,715. 00
61,980,572. 00
45,721,773. 00
208,618,642. OO
79,983,692. 00
53,002,097.50
79,622,337. 50
197,238,377.50
108,180,092.50

112,587,290 2,318,538,822.00

Subsidiary
coined.

F i n e ounces
. consumed.

Dollars coined.

2,179,833
4,558,526
7,650,005
14,228,851
21,239,880
21,623,702
21,059,046
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
2,905,340
9,385,454
11,957,734
8,024,984

$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,Oil
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

$1,968,645.50
2,394,70L39
4,372,868.00
12,994,452. 50
19,387,035. 00
8,339,311.50
382. 50
8,687. 50
12, Oil. 75
11,313.75
724,351.15
673,457. SO
320,407. 65
183,442. 95
1,099,652. 76
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
12,974,534. 25
16,530,477.25
11,093,810.00

621,873,126

607,259,120

209,628,197.84

263

DIRECTOR OF THE M I N T .
COINAGE FOR THE PHILIPPINE GOVERNMENT.

Owing to the advance in the price of silver bullion in 1905 and
1906, the bullion value of the. silver contained in two Philippine
esos and the subdivisions thereof, as authorized by the act of
[arch 2, 1903, was greater than that of one dollar in United States
-gold coin.
For the purpose of preventing the melting and exportation of the
coins from the islands as a result of the appreciation in the price
of silver. Congress passed an act on June 23, 1906, authorizing the
government of the Philippine Islands to reduce the weight and
fineness of the coins as authorized under the act of March 2, 1903,
and .to recoin the coins previously made. Under date of December
6, 1906, the Philippine Commission passed an act fixing the weight
and fineness of the Philippine coins.
.
The weight and fineness of the Philippine silver coins authorized
under the act of March 2, 1903, and of the reduced weight and fineness authorized under the act of June 23, 1906, are as follows:

K

Act of March 2, 1903.
Denomination.

Weight in
grains.

Weight in
grains.

Fineness.

416.00
.208.00
83.10
4L55

Peso
. .
60 centavo
20 centavo
10 centavo

Act of June 23, 1906.

900
900
900
900

308.640
154.320
61.728
30.864

Fineness. ,
SO
O
750
750
750

The total Philippine coinage under the act of March 2, 1903, from
April, 1903, to December 31, 1906, was as follows:
Pieces.

Denomination.

Value.

Silver consumed.

27,024,358
6,128,518
7,997,768
11,.357,5.57
9,999,884
.37,845,284
17,752,884

Total

Peso.
27,024,358.00
3,064,259.00:
1,599,5.53.60
1,135,755.70
499,994.20
378,452.84
88,764.42

Fine ounces.
21,078,999.24
2,390,122.02
1,246,1.52.22
884,824.67

118,106,253

Pesos, silver
60 centavo, silver
20 centavo, silver
10 centavo, silver
5 centavo, nickel
1 centavo, bronze
Half centavo, bronze.

33,791,137.76

25,'600,098.15

RECOINAGE OF PHILIPPINE COINS.

Under the act of Congress approved June 23, 1906, and the act of
the Philippine Commission dated December 6., 1906, providing for
the recoinage of Philippine silver coins issued under the act of
March 2, 1903, into coins of a reduced weight and fineness, there were
received at the mint, San Francisco, and melted for recoinage up to
June 30, 1909, the following:
Denomination.
Pesos
60-centavo.
.
20-centavo
lO-centavo
Mixed Philippine coins
Total:.-.. "

Pieces.
.--

,..-..'.
: -




•

Fine ounces.

22,862,873
4,815,000
4,490,500
5,829,000
425

17,828,264.16
-. 1,875,136.87
'•697,283.64
452,346.16
149.85

.37,997,798

20,863,180.68

264

REPORT ON T H E

FINANCES.

Of the coins manufactured for the Philippine government under
the act of March 2, 1903, there were remaining in the Phihppine
Islands, June 30, 1909, the following coins:
Pieces.

- Denoraination.
Pesos
60-centav6
20-centavo
10-centavo

- '- -

.

4,161,485
1,313,518
3,507,268
5,528,557

-- -

Value in pesos.

-

14,510,828

Total

4,161,485.00
656,759.00
701,453.60
552,855.70
6,072,553.30

The following coinage was executed during the fiscal year 1909 at
the United States Mint, San Francisco, for the Phihppine government :
Denomination.
Silver:
Pesos
.
50-centavo
20-centavo
10-centavo
Bronze:
1-centavo

Pieces.

F i n e ounces.

14,546,944
1,092,000
705,000
1,740,000

:
.
'

7,482,947.99
263,308.50
67,997.25
83,911.50

3,924,612
7,898,166.24

• 22,008,556

Total . -

The total silver coinage to June 30, 1909, from coins received from
the Philippine Islands for recoinage and from bullion purchased for
such coinage was as follows:

Denomination.

Coined from n e w bullion, a c t s of March 2,
1903, a n d J u n e 23,
1906.

Coined from P h i l i p p i n e
coins received for recoinage, a c t of J u n e 23,
1906.

Total.

Pieces.

F i n e ounces.

Pieces.

F i n e ounces.

. Pieces.

F i n e ounces.

93,445
3', 306,126
3,216,152
5,765,193

48,068.11
797,189.63
310,197.86
278,026.42

36,126,000
2,100,000
2,735,000
4,030,000

18,583,214.40
506,362.50
263,790.75
194,346.75

36,219,445
5,406,126
5,951,152
9,795,193

18,631,282.51
1,303,552.13
573,988.61
472,373.17

12,380,916 1,433,482.02

44,991,000

19,547,714.40

57,371,916

20,981,196.42

Pesos
60-centavo
20-centavo
10-centavo
Total

The total coinage including recoinage made for the Philippine government under authority of the acts of March 2, 1903, and June 23,
1906, was as follows:
Made a t U n i t e d Made a t U n i t e d
States m i n t , . States m i n t ,
P h i l a d e l p h i a . San Francisco.

Denomination.
Silver:
Pesos
60-centavo
20-centavo...'.
10-centavo
Nickel:
5-centavo
Bronze:
1-centavo
J-centavo
Total




:

2,806,859
4,317,644
6,618,840
6,618,839

60,436,944
7,217,000
7,330,080
14,533,911

10,000,384
:

Total.

63,243,803
11,534,644
13,948,920
21,152,760
10,000,384

37,845,784
17,753,384

a 3,924,612

41,770,396
17,753,384

85,961,734

93,442,647

179,404,281

o Recoinage of one-half qentavo pieces.

DIRECTOR o r THE

265

MINT.

COINAGE FOR SAN SALVADOR.

The mint at San Francisco coined for the Government of San
Salvador 693,170 silver peso pieces during the fiscal year 1909.
BARS

MANUFACTURED.

During the fiscal year 1909 there were manufactured by the mints
and assay offices the following:
Coining
value.

Standard
ounces.

Description.

6,278,563.668
6,537,088.21

Gold bars
Silver b a r s
Total

$98,205,831.04
7,719,663.04
105,925; 494.08

WORK OF THE GOVERNMENT

REFINERIES.

There were received and operated upon by the refineries connected
with the coinage mints during the fiscal year 1909 gold and silver as
shown by the following table:
Gold.
.

Silver.

Mint.
Standard
ounces.

Coining
value.

Standard
ounces.
Philadelphia
San Francisco
NewOrleans
Denver

1,668,892.456
2,518,687.792
53,934.799
2,042,995.755

;

Total

"...

Value.

$31,049,161.97
46,859,307.75
1,003,438.12
38,009,223.35

3,149,873.14
1,222,347.03
125,151.23
1,839,604.62

$3,665,306.92
1,422,367.45
145,630.52
2,140,630.83

6,284,510.802

116,921,131.19

6,336,976.02

7,373,935.72

SILVER BULLION ON W H I C H CHARGES W E R E M A D E .

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:

Mints. •

Philadelphia
San Francisco
N ew Orleans
Denver

?

Total

o

Silver bullion
on w h i c h
charges were
collected.

Shver bullion
owned b y t h e
Government
retained b y
t h e refinery
for p a r t i n g
purposes on
which there
were no
charges.

Standard ozs.
2,578,437.07
1,123,782.05
35,742.62
601,793.66

Standard ozs.
571,436.07
98,564.98
89,408.61
1,237,811.06

Standard ozs.
3,149,873.14
1,222,347.03
125,151.23
1,839,604.62

4,339,755.30

1,997,220.72

6,336,976.02

Total.

NOTE.—Refinery operations suspended at the assay offlce at New York during reconstruction of building.




266

REPORT ON T H E FINANCES.
PURCHASE OF SILVER.

T h e t a b l e f o l l o w i n g s h o w s t h e a m o u n t a n d c o s t of s i l v e r b u l l i o n
p u r c h a s e d f o r t h e s u b s i d i a r y s i l v e r c o i n a g e d u r i n g t h e fiscal y e a r 1 9 0 9 :
Standard
ounces.

Stock of silver bullion.

P u r c h a s e d u n d e r section 3526, Revised S t a t u t e s , a t t h e T r e a s u r y Department
P u r c h a s e d u n d e r section 3526, Revised S t a t u t e s , a t m i n t s
P a r t i n g s , charges, a n d fractions p u r c h a s e d
Melted assay coins p u r c h a s e d
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 purchased
;

Cost.

3,786,644.27
300,327.53
2,762,638.59
6,749.14
. 2,595.82
21,698.70

$1,729,224.23
139,669. 63
1,322,947.28
3,708.00
1,201.55
11,192.11

6,880,654.05

3,207,942.80

Total

QUANTITY AND COST OF SILVER PURCHASED FOR SUBSIDIARY COINAGE A T E A C H . M I N T
AND

AT

THE

AsSAY

OFFICE

AT

N E W YORK

DURING

THE

FiSCAL

YEAR

1909.

Standard
ounces.

..
'.
.

Total

$973,381.37
104 749 69
631,154.80
698,237.81
800,419.13

6,880,654.05

M i n t at—
.
Philadelphia
San Francisco
N e w Orleans
Denver.
.
Assay office a t N e w Y o r k

; Cost.

2,007,165.85
224,538.99
1,389,017.26
1,522,75L74
1,737,180.21

Institution.

3,207,942. 80

QUANTITY AND COST OF SILVER OBTAINED B Y T R A N S F E R , AND P U R C H A S E 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 1909,

O b t a i n e d b y transfer
and purchase.

Used i n coinage.

Sources from w h i c h b u l lion was o b t a i n e d .

Coinage.
Standard
ounces.

Cost.

Standard
ounces.

Seigniorage.

•Cost.

MINT AT PHILADELPHrA.

O n h a n d J u l y 1,1908
6,177,658.45 $3,877,694.38
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 . .
635,093.89
790,163.47
933,957.50 $1,162,000.00 $1,162,000.00
.Purchase bullion transferred from N e w York
assay office
1,027,86L26 . 490,009.20
P u r c h a s e d u n d e r section
3526, R e v i s e d S t a t u t e s
of t h e U n i t e d States,
at mint
34,467.99
15,973.01
P a r t i n g s , charges, a n d
•2,882,657.42 1,516,002. 76 3,586,510.00 $2,070,507.24
fractions p u r c h a s e d . . . . ,1,957,933:55
949,5i3.98
Melted assay coins p u r chased
6,749.14
3,708.00
Mutilated coins p u r - '
chased
2,137.62
988.01
S u r p l u s bullion p u r chased
. 5,877.55
3,198.37
Total




9,847,779.45 6,131,248.42 3,816,614.92 2,678,002.76 4,745.510.00 2,070,507.24

267

DIRECTOR OF T H E 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, 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 1909—Con.
Obtained by transfer
and purchase.
Sources from which bullion was obtamed.

Used in coinage.
Coinage.

Standard
ounces.

Standard
ounces.

Cost.

Seigniorage.

Cost.

MINT AT P H I L A D E L P H I A —

continued.
Used in coinage, fiscal
year 1909
Silver purchsae buhion
transferred to New
York assay office
Sold in sweeps
Wasted by operative
officers
Balance on hand June
30 1909

.
3,S16,'614.92 $2,678,002.76

•
885,393. .31° 465,618.96
3,258.80
6,178.62
520.48

9,847,779.45 6,131,248.42

Total

•

MINT AT SAN FRANCISCO.

On hand July 1,1908.... 1,873, IOL 64
Uncurrent coin trans31,667.75
ferred from Treasury.
Purchased under section
. 3526, Revised Statutes
of the United States,
16.90
at mint
Partings, charges, and
fractions purchased....
211,696.03
Mutilated cqins purchased
306.83
Surplus bullion purchased
12,519.23
Total

284.11

5,139,072.12 2,984,083.79

. . . .

Used in coinage, fiscal
year 1909
Assay coins (Philippine)
transferred to Philadelphia
Sold in sweeps
Wasted by operative
officers
Balance on hand June
30, 1909
Total

990,055.02
• 39,400.00

s.n
98,076.98 i 422,772.50

$221,469.35

$526. oqo. 00 $304,530.66

144.21
6,-520.39

2,129,308.38 1,134,204.71
422,772.50

221,469.35

526,000.-00

196,918. 75

245,000.00

245,000.00

304,530.65

221,469.35

6.732.85
6,457. 47

422,772. 50

3,940.56
3, .390.40

9,391.13

4,894.31

1,683,954.43

900,510.09

2,129,308.38 1,134,204.71

MINT AT N E W O R L E A N S .

Onhand July 1,1908..-- 1,030,955.31
Uncurrent coin trans63,209.40
ferred from Treasury..
Purchased under section 3526, Revised
Statutes of the United
States, by Treasury
Department
1,339,496.85
Purchased under section 3526, Revised
Statutes of the United
25,586.30
States, at mint
Partings, charges, and
23,385.28
fractions purchased...
Mutilated coins pur123.33
chased
Surplus bullion pur425.50
chased
Total

639,218.72
78,643.10

607,880.35

12,168.20

12,189,656.13 1,045,193.80 2,724,300.00 1,679,106.20

10,854.08
66.41
195.76

2,483,18L97 1,349,016.62 2,386,674.88 1,290,193.80 2,969,300.00 1,679,106.20




268

REPORT ON T H E FINANCES.

QUANTITY AND COST OP SILVER OBTAINED BY T R A N S F E R AND P U R C H A S E FOR S U B SIDIARY SILVER COINAGE, AMOUNT AND COST U S E D I N 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 1909—Con.

Sources from w h i c h bullion w a s o b t a i n e d .

O b t a i n e d b y transfer
and purchase.

Used in coinage.
Coinage.

Standard
ounces.

Cost.

Standard
ounces.

Seigniorage.

Cost.

•

MINT AT N E W O R L E A N S —

continued.
Used in coinage, fiscal
year 1909
.2,386,674.88 $1,290,193.80
Transferred to Philadel32.87
phia mint
70.78
3,070.12
5,99L93
Sold in sweeps
.
W a s t e d b y operative
1,037.07
476.98
officers
Balance on h a n d J u n e
30,1909
89,507.31
55,242.85
Total

2,483,181.97 1,349,016.62

MINT AT D E N V E R .

O n h a n d J u l y 1,1908
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
P u r c h a s e d u n d e r section 3526, Revised
S t a t u t e s of t h e U n i t e d
States, b y Treasury
Department
P u r c h a s e d u n d e r section 3526, Revised
S t a t u t e s of t h e U n i t e d
States, a t m i n t
P a r t i n g s , charges, a n d
fractions p u r c h a s e d
Mutilated coins p u r chased
Melted assay coins p u r chased
S u r p l u s bullion purchased
.;
Total
Used in coinage, fiscal
year 1909
Transferred assay coins
Sold in s w e e p s . .
W a s t e d b y operative
officers
Balance on h a n d J u n e
30,1909
Total

1,029,978.02

626,488.46

1,003,642.72

456,679.58

240,256.34

111,520.31

277,346.53

129,339.95

28.04

12.92

1,478.11

685.05

>2,290,687.50 $1,103,226.29 $2,850,000.00 $1,746,773.71

2,552,729.76 1,224,726.27 2,290,687.50 1,103,226,29 2,850,000.00 1,746,773.71
2,290,687.50 1,103,226.29
3,085.02

1,479.70

1,20L58

556.90

257,755.66

119,463.38

2,552,729.76 1.224,726.27

ASSAY OFFICE AT N E W
YORK, N . Y.

465,100.02
O n h a n d July 1,1908....
P u r c h a s e d u n d e r section
3526, Revised S t a t u t e s
of t h e U n i t e d States,
by Treasury Department
1,443,504.70
P a r t i n g s , charges, a n d
292,277.20
fractions p u r c h a s e d - . . .
S u r p l u s bullion p u r 1,398.31
chased
A m o u n t silver p u r c h a s e
bullion
transferred
from
Phhadelphia
mint
885,393.31
Total
Transferred to Philadelphia mint
Sold in sweeps
Balance on n a n d J u n e
30 1909
Total




235,927.71

664,664.30
135,162.29
592.54

465,618.96

3,087,673.54 1,501,965.80

•
2,791,236.14 1,349,457.50
922.48
451.88
296,614.92

162,056.42

3,087,673.54 1,501,966.80

I

269

DIEECTOR OF T H E M I N T .

QUANTITY AND COST OF SILVER OBTAINED BY T R A N S F E R AND P U R C H A S E 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 1909—Con.
Obtained by transfer
and purchase.
Sources from which bullion was obtained.

Used in coinage.
Coinage.

Standard
ounces.

Cost

Standard
ounces.

Seigniorage.

Cost.

SUMMARY.
10,576,793.44 $6,269,384.29
On hand July 1,1908
Uncurrent coins trans729,971.04
ferred from Treasury..
908,206.57 1,130,876.25 $1,407,000.00 $1,407,000.00
Purchased under section
3526, Revised Statutes
of the United States,
by Treasury Department
3,786,644.27 1,729,224.23
Purchased under section
3526, Revised Statutes
of the United States,
at Mint
139,669.63
300,327.53
Purchased bullion trans-955,628.16
ferred .
.. . 1,913,254.57
Partings, charges, and
17,785,773.56 3,885,892.20 9,686,810.00 $5,800,917.80
2,762,638.59 1,322,947.28
fractions purchased
Melted assay coins pur3,708.00
6,749.14
chased - .
Mutilated coins pur1,20L55
2,595.82
chased
Surplus bullion pur11,192.11
21,698.70
chased
Total

20,100,673,10 11,341,161.82 8,916,649.80 6,292,892.20 11,093,810.00 5,800,917.80

Used in coinage, fiscal
8,916,649.80 5,292,892.20
year 1908
Subsidiary silver purchase bulhon transferred . .
.
3,683,433. OS 1,819,049.89
22,635.52
11,650.90
Sold in sweeps
Wasted by operative
6,212.30
12,150.26
officers
Balance on baud June
"7,465,804.44 4,211,356.53
30,1909
Total

20,100,673.10 11,341,161.82

BALANCES OF SILVER BULLION.

^ The balances of silver bullion on hand June 30, 1909, at the inints
and assay offices of the United States for the coinage of subsidiary
silver coins, and also for coinage for the Philippine Islands, were as
follows:
Items.
For subsidiary silver coinage
Silver bullion for Philippine coinage
Total




Standard
ounces.

Cost.

7,492,044.11
1,544,162.67

$4,223,789.16
1,341,018.57

9,036,206.78

6,564,807.72

270

REPORT ON T H E FINANCES.
COURSE OF SILVER.

. ,The London price of silver 0.925 fine (British standard) for the
twelve months ending June 30, 1909, ranged from 22d. to 24f|d., the
average price being 23.7024d. At the lowest price the equivalent for
an ounce fine in the money of the United States was $0.48226; the
highest, $0.54528; and at the average price, $0.51958. At the lowest
price the buUion value of the standard silver dollar was $0,373; at
the highest price, $0.42174; and at the average price, $0.4186. The
monthly fiuctuations are shown in the following table:
HIGHEST, LOWEST, AND AVERAGE P R I C E OF SILVER BULLION AND VALUE OF A F I N E
OUNCE E A C H MONTH DURING THE FISCAL Y E A R 1909.

Month.

Equivalent
Average
value of a
Average
Equivalent
Average
monthly
fine ounce
monthly'
price per
value of a
price at based on aver- New York
. ounce,
fine ounce
liighest. Lowest. British
price of
New York age monthly
with exstandard, change at par of exchauge price and aver- fine bar
shver. .
0.925 fine.
($4.8065). on London 'age rate of
exchange.
Pence. Pence.
24T^
24|
231
24i„
23A
24A
23T^
2314
22A
23A
22
23A

Pence.
24.5138
23.8943
23.8725
23. 7199
22. 9275
22. 4925

1.53737
.52379
.52331
.51996
. 50259
. 49306

$4.8696
4.8634
4.8639
4.8646
4.8608
4.8689

$0.53771
.52345
.52301
. 51976
'.50212
.49330

23^
23A
23T^
23i
24^
23i|

23.8600
23. 7057
23. 2268
23. 7083
24. 3425
24.1658

. 52303
. 51965
.50915
.51971
. 53361
. 52974

4.8731
4.8730
4.8800
4.8760
4.8771
4.8794

.52375
.52033.51057
.52070
..53477
.53115

.52365
. 52083
.51092
. 52057
.53530
.53543

23. 7024

1908.
July
August
September..
October
November...
December...

. 51958

. 52005

.52074

1909.
January
February
March
Aprh
May
June.^

24|

23i
24^
24|
24^

Average.

$0.53796
^ .52302
.52360
.52050
.50320
.49399

DISTRIBUTION OF SILVER DOLLARS.

The number of dollars on hand June 30, 1908 and 1909, and the
distribution from each mint during the year was as follows:
Items.

Phhadelphia.

San Francisco.

New Orleans.

$61,401,432

$29,581,825

$197,834,157

61,401,43.2
61,401,^32

29,581,825
29,574,649

197,834,157
197,670,007

7,176

164,150

•

In mints June 30, 1908

$106,850,900

Total
In mints Juno 30, 1909

106,850,900
106,693,926

Distributed from mints durhig the
year

SEIGNIORAGE

•

156,974

ON SILVER

Total.

COINAGE.

The seigniorage on the coinage of subsidiary silver coins during tlie
fiscal year ended June 30, 1909, was $5,800,917.80, which, added to
the balance on hand July 1, 1908—$114,366.16—gives a total of
$5,915,283.96 to be accounted for during the year. The amount
deposited in the Treasury was $5,913,687.14, leaving a balance on
hand June 30, 1909, of $1',596.82.




DIRECTOR OF T H E M I N T .

271

Including the balance on hand at the mints, July 1, 1878, the net
seigniorage on silver coined from that date to June 30, 1909, was
$157,467,155.61.
The earnings, gains, and expenditures were as follows:
EARNINGS AND EXPENDITURES.

The earnings and gains of the mint service during the-fiscal year
1909 were as follows:
Charges for parting and refining
Charges for alloy
Charges for assaying and stamping
Seigniorage on minor coinage
Seigniorage on subsidiary coinage
Seigniorage on recoinage of minor coins
o
Profits on medals and proof coins
Charges received for mounting, etc., medal-fund account
".
Charges for the manufacture or medals, etc
Deposit melting-room grains and sweepings
Surplus bullion recovered by operative officers
Gain on bullion shipped to mint for coinage
Proceeds of sale of old material
Receipts from special assays of bullion and ore
Receipts for manufacturing appliances for government and other institutions
Charges received for coinage for Philippine government and Salvador
Gain on light-weight United States gold coin for recoinage
Remnants of bullion returned by the assayer
Charges for treatinent of deposit melting-room sweeps
Total earnings and gains

$290,176.82
16,725.87
33,848.02
843,654.47
6, SOO, 917.80
3,324.34
4,764.51
392.87
8,255.47
32,634.76
34,829.99
3,334.04
913.65
3,397.00
4,037.36
181,442.09
250.71
919.92
41.36
7,263,861.04

The expenditures were as follows:
Salaries of officers and clerks
$220,017.52
• Wages of workmen and adjusters
983,916.44
. Contingent expenses, less amount paid to reimburse wastage and loss on sweeps sold
227,413.84
Parting and refining expenses, less amount paidfcoreimburse wastage and loss on sweeps sold. 247,275.98
Wastage of operative departments
23,833.52
Wastage of operative departments, minor coinage operations
1,372.81
Loss on sweeps sold during the year
9,263.95
Expenses of distributing minor coins
• 2,831.66
Expenses of medal fund (charges paid, mounting, etc.)
385.50
Loss on recoinage of minor coin
10,6^6.69
Loss on bullion shipped to mint for coinage.
244.62
Wastage Philippine minor coinage
248.63
1,727,471.06
APPROPRIATIONS

AND EXPENDITURES.

The act of May 22, 1908, making appropriations for the legislative,
executive, and judicial expenses of the Government for the fiscal year
1909 contained specific appropriations for the support of the inints
and assay offices, amounting to $1,367,450. ,
The earnings of the several mints amounted to $192,680.35 and
were deposited in the Treasury to the credit of the appropriations for
'^Wages of workmen'^ and^X'ontingent expenses'' of the respective
mints.
Of the appropriation made for ' ' N e w machinery and appliances,'.' mint at
Philadelphia, b y the act of J u n e 6, 1900, there remained on hand at the
close of the fiscal year 1908
$10, 062. 79
Of this amount there has been expended during the fiscal year 1909
8, 917. 62
Leaving an unexpended balance J u n e 30, 1909, of
Of the appropriations made for " N e w machinery and aj^pliances, " mint at
Denver, b y the acts of J u n e 6, 1900, March 3, 1903, April 28, 1904, and
March 3,1905, there remained on hand at the close of the fiscal year 1908.
Of this amount there has been expended during the fiscal year 1909
Leaving an unexpended balance J u n e 30, 1909, .of




1,145.17

4,195. 5l
3, 852. 50
343. 01

272

REPORT ON T H E FINANCES.
APPROPRIATIONS AND E X P E N D I T U R E S , FISCAL Y E A R

1909.

APPROPRIATIONS AND EARNINGS.
Institution.

Wages of
workmen.

Salaries.

Philadelphia
.
.
$43,550.00 a$408,623.13
San Francisco
41,100.00 b 283,575.37
27,300.00
62,800.00
New Orleans
Denver
39,100.00 c150,110.32
Carson
•6,000.00
4,000.00
New York
i
41,750.00
35,000.00
Helena
5,450.00
14,500.00
Boise
3,400.00
8,300.00
Charlotte .
2,750.00
1,080.00
St. Louis
3,000.00
1,000.00
Deadwood
^
4,000.00
3,200.00
32,000.00
9,250.00
Seattle
Salt Lake City (salaries, wages, and contingent
expenses)
Total . .

1,004,988.82

225,850.00

Contingent
expenses..

Total.

a $87,406.44
b 107,942.71
30,000.00
c 50,022.38
2,000.00
12,500.00
4,000.00
3,750.00
920.00
750.00
2,000.00
8,000.00

$539,579.'57
432,618.08
120,100.00
239,232.70
12,000.00
89,250.00
23,950.00
15,450.00
4,750.00
4,750.00
9,200.00
49,250.00

309,291.53

1,560,130.36

20,000.00

a Includes $7,159.55, manufacturing medals for departments; $816.96, miscellaneous work for Treasury
Department; $2,758.34, miscellaneous work for other institutions of mint service; $294.72, other miscellaneous work.
• b Includes $181,442.09 for Philippine coinage; $75.99, miscellaneous work for other departments.
c Includes $132.70, miscellaneous work for other departments.
•

'

EXPENDITURES.
Parting and
refining.

Salaries..

Wages of
workmen.

Philadelphia...
San Francisco..
New Orleans...
Denver
Carson...,
New York
Helena
Boi^e
:
Charlotte
St. Louis
Deadwood
Seattle
Salt Lake City.

$43,550.00
40,231.42
27,264.45
37,899.44
6,000.00
37,595.01
5,450.00
3,400.00
2,749.99
2,374.99
3,196.67
9,250.00
1,055.55

$401,405.07
278,424.66
60,044.78
146,935.06
4,488.00
32,004.19
13,702.75
8,110.00
1,080.00
763.94
3,865.00
29,175.88
3,917.11

$71,744.34
84,576.28
16,089.65
42,035.23
2,500.00
7,942.51
3,283.81
1,800.24
664.30
567.12
653.73
6,243.41
11,095.88

$74,508.00
78,084.01
1,655.26
42,977.76

Total

220,017.52

983,916.44

249,196.50

258,590.79

Institution.

Philadelphia.
Wages
of
workmen.
Original appropriations
Earnings during year...
Total available...
Expenditures

Contingent
expenses.

Contingent
expenses.

San Francisco.
Wages
of
workmen.

Contingent
expenses.

Denver.
Wages
workmen.

$400,000.00 $8.5,000.00 $165,000.00 $45,000.00 $150,000.00
110.32
2,406.44 118,575.37 62,942.71
8,623.13
408,623.13
401,405.07

87,406.44
71,744.34

283,575.37 107,942.71
278,424.66 84,576.28

61,365.77

150,110.32
146,935.06

Contingent
expenses.
$50,000.00
22.38 ^

50,022.38
42,035.23

EARNINGS AND EXPENDITURES OF THE REFINERIES OF THE COIN^ AGE'MINTS" AND ASSAY OFFICE AT NEW YORK, FISCAL YEAR 1 9 0 9 .

The earnings on account of parting and refining bullion during the
fiscal year ended June 30, 1909, all of which were deposited in the
Treasury, amounted to $325,006.81; the expenditures on the same
account aggregated $258,590.79; and net earnings over expenditures
3,416.02.




273

DIRECTOR OF T H E M I N T .

The earnings and expenditures of the several mints and the assay
office at New York were as follows:

Philadelphia
San Francisco
NewOrleans
Denver
New York. . .
Total

•
. . . .

.•

Charges collected.

Surplus bullion.

$101,741.86
54,143.81
4,005.08
86,519.21
43,766.86

$8,846.72
6,532.43
1,543.23
17,581.54
326.07

$74,508.00
78,084.01
1,655.26
42,977.75
61,365.77

290,176.82

Institution.

34,829.99

258,590.79

Expenditures.

APPROPRIATIONS AND EXPENDITURES, OFFICE OF THE DIRECTOR OF
THE MINT, FISCAL YEAR 1 9 0 9 .

Under the act of May 22, 1908, there was appropriated for the office
of the Director of the Mint to meet the expenses of that office for the
fiscal year 1909 the sum of $36,770.
The expenditures from the appropriations for salaries, supervising
the annual settlements at the mints and assay offices, collecting and
compiling statistics of the production of gold and silver in the UnitedStates, for incidental expenses and the purchase of and subscription
to books and pamphlets, and contingent expenses for the laboratory
aggregated $34,666.69, leaving an unexpended balance to the credit
of the various appropriations of $2,103.31.
I n addition to the above appropriations, the act of May 22, 1908,
contained a specific appropriation of $65,000 for ^ Freight on bullion
^
and coin between the mints and assay offices.'' The expenditures
from this appropriation for the fiscal year 1909 amounted to $55,756.69, leaving an unexpended balance of $9,243.31 to the credit of
the appropriation.
There was also a specific appropriation of $300,000, under the act
of May 27,1908, for ^^Transportation of money from the mint at San
Francisco, 1909,'' of which $277,434.12 was expended, leaving a balance of $22,565.88.
APPROPRIATIONS AND E X P E N D I T U R E S , OFFICE OF THE DIRECTOR OF THE MINT, F R E I G H T
ON BULLION AND COIN B E T W E E N MINTS AND ASSAY OFFICES, AND TRANSPORTATION
OF M O N E Y FROM M I N T AT SAN FRANCISCO, 1909.

Appropriations.

Amount
appropriated.

Amount
expended.

Unexpended
balance.

Total

$30,120.00
6,650.00
65,000.00
300,000.00

$29,693.34
4,973.35
55,756.69
277,434.12

$426.66
1,676.66
9,243.31
22,565.88

401,770.00

Salaries
Contingent expenses
-.
Freight on bullion and coin
Transportation of money from mint at San Francisco

367,857.60

33,912,50

In the appendix will be found a table showing in detail the earnings
and expenditures for the year.
13518—FI 1909

18




274

REPORT ON T H E FINANCES.

CONSOLIDATED STATEMENT OP 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 / R

Items of expenditures.
Acids
Adjusting weights and repairing balances..
Advertisements
Balances and weights
,
Barrels and lard tierces
Binding of records...,
Bullion boxes
Carpets, furniture, and fixtures
Charcoal and coke
Chemical apparatus
Chemicals not otherwise specified
,
Coal.
Copx)er
c. —
Crucibles, covers, stirrers, and dippers
Drayage
,
Dry goods '.
Electric light and supphes
Electric power
Electrical vault protection and burglar alarm.
Ensigns
Express and freight
Fire brick
Fluxes
Furnaces and repairs
Gas.
Gloves, gauntlets, mitts, etc.
Hardware
Ice.
Iron and steel
Labor (temporary)
Laundry
Lead: Bar, sheet, and pipe.
Loss on sale of sweeps
Lumber
Machinery and appliances..
Metal work and castings—
Naphtha
Oils.
Coal
Fuel
Lubricating
Pamt
Printing
Repairs (machinery, etc.)
Sewing
.°
Stationery
Stearn^ supply of
Sundries
Telegraphing
Telephone
Tools
:.....
,
Traveling expenses
Water: Sprinkling, heating, and irrigating.,
Wood
,
Zinc
•.
^
Wastage of operative oificers."
Rent of buUdings

Ordinary expenses.

Refinery expenses.

1909.

Total.
$22,639.90
743.14
358.24
2,016.30
660.05
145.86
389.01
4,104.10
2,141.05
5,635.38
3,773.94
24,614.60
26,549.59
25,719.30
. 2,546.00
8,097.30
8,554.35
13,032.29
408.00
154.10
1,643.19
2,352.21
5,427.17
4,644.22
19,203.29
10,463.64
3,122.57
2,049.74
5,104.58
973.02
2,072.71
1,730.93
9,263.95
3,510.98
32,973.86
7,667.82
9,954.71
72.43
78.06
6,786.06
3,494.11

$16,318.27
267.65

1,047.31
3,296.57
1,520.50
427.04
13,993.31
176.51
2,149.93
2,038.61
2,024.46
4,118.04
307.82
12.73
17,038.35
3,330.00

3,208.81
155.00

249,196.50

Total.
Salaries.'
Wages of workmen.
Total.

$6,321.63
476.49
358.24
1,872.85
253.05
145.85
363.56
4,104.10
1,690.84
1,241.30
2,396.65
21,924.04
26,407.06
12,748.04
2,446.10
6,949.53
7,610.58
7,045.92
408.00
164.10
1,629.30
2,028.22
1,462.48
3,093.38
15,565.35
8,862.01
2,'806.08
1,856.27
4,940.34
962.42
2,072.71
1,319.04
4,744.31
2,988.88
15,803.42
6,994.74
7,671.12
72.43
78.05
5,205.29
2,953.97
789.58

105,272.22

354,468.72

220,017.52
983,916.44

153,318.57

220,017.52
1,137,235.01

1,453,130.46

258,590.79

1,71I,72L25

142.45
407.00
25.45
450.21
4,294.08
1,377.29
2,690.46
142.63
12,97L26
99.90
2,147.77
943.77
5,986.37
13.89
323.99
3,964.69
1,450.84
3,637.94
1,60L63
316.49
193.47
164.24
10.60
411.89
4,519.64
522.10
17,170.44
673.08
2,383.69
1,580.77
540.14
99.22

1,801.53
2,320.22
.40
86.17
841.51
569.23
1,65L07
6,795.17

4,256.12.
3,451.57
1,520.50
2,228.57
16,313.53
175.91
2,149.93
2,124.78
2,865.97
4,687.27
307.82
1,663.80
23,833.52
3,330.00

LABORATORY OF THE BUREAU OF THE MINT.

From the coinage of the calendar year 1908 the assayer of this
bureau tested 425 gold and 666 silver coins, all of which 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 below was 0.0006.




275

DIRECTOR OF THE M I N T .

The greatest deviation of silver coins above standard (the limit
being 0.003 above or below) was 0.0009, while the greatest deviation
below was 0.0013.
The following table summarizes these assays:
Phhadelphia.

S a n Francisco.

Denver.

N e w Orleans.

Total.

Fineness.
Gold.
898.7
898.9
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
900.9

Silver.

Silver.

Gold.

2
7
9
30
52
59
68
37
18
7

Silver.

Gold.

Silver.

Gold.

,

1
3
8
28

'.

Gold.

1
2
2

13

2
2
1
4

5

1

25

4

8

1
14
1
20
2
15

3

15

2
3

23

1
2
7
12
18
33
27
14
5
5

7
3

18
1
8

Total...

289

110

12

46

95

Ave r a g e
fineness.

899.916

899. 61

899.842

899.829

899.836

1
4
19
46

1
5
4

5
12

3
11
16
44
72
93
99
51
24
12

6
•

8

13
17
15
12
1

124.
899.911

Silver.

1
61
2
61
2
49
40
15
13
18
1

82

425

333

900.058

899.913

899.815

In addition to the above there were examined 334 Philippine silver
coins, all of which were within the legal requirements as to weight and
fineness. Also 68 assays of miscellaneous gold were made in settlement of differences between the Denver mint and the Seattle assay
office, and 55 samples of ores were assayed for the United States Geological Survey.
THE ASSAY AND VALUATION OF GOLD BULLION.^
[By Frederic P . Dewey, assayer. Bureau of the Mint.]
The Bureau of the Mint of the United States Treasury maintains 13 offices for the
purchase of gold bullion, and this paper describes an investigation to establish the
reasonable differences in the assay results at the various institutions which may be
commercially allowable in t h e . settlements between them. Beginning with the
comparative assay of proof gold at the Philadelphia mint and the Utrecht mint, which
shows 0.00002 as the'closest agreement now possible, nine tables of comparative results,
taken from the regular work of the service, are given. These tables begin with very
fine gold, produced in an electrolytic refinery, showing close agreement in the assay
results, and follow through decreasing gold fineness and increasing amounts and
complexity of base metals to very impure and complex bars produced at cyanide mills,
some of which give widely varying results. Next is given a series of results on samples,
prepared and sent out to various laboratories in the service, to test the influence of
different metals and various combinations upon the agreement of the assay results; 11
samples were sent out and each one was assayed from 44 to 71 times, making a total of
623 assays. To these are added 107 assays of identical samples of coin gold.
On a previous occasion, & 1 have endeavored to show the degree of accuracy that may
be expected in the ordinary every-day analysis of various materials, and on another
c^This paper was read at the Seventh InternationarCongress of Applied Chemistry,
London, May 27 to June 2,1909; also at the Spokane meeting of the American Institute
of Mining Engineers in September, 1909.
&The actual accuracy of chemical analysis. Trans. A. I. M. E., xxvi, 370 (1896);
Jour. Am. Chem. S o c , vol. xviii, No. 9, p . 808 (Sept., 1896).




276

REPORT ON THE FINANCES.

occasion« I have called attention to the accuracy of the commercial assay for silver.
The present paper deals chiefly with an effort to establish certain commercial standards
of agreement or accuracy in the assaying" of gold bullion for purchase in the various
laboratories of the United States mint service.
Besides the coinage mints at Philadelphia, New Orleans, Denver, and San Francisco, and the large assay office on Wall street in New York City, all of which purchase
and refine bullion, the Mint Bureau of the United States Treasury maintains eight
smaller assay offices, scattered about through the mining districts of the country
which purchase bullion and ship it to the mints to be refined. These smaller offices
were established as an aid to the mining industry of the country by giving the small
miners the opportunity to sell their bullion easily and quickly for cash.
Owing to the particular and rigid methods of bookkeeping of the Treasury Department, the mints are compelled to treat the bullibn sent to them from.the assay offices
in exactly the same manner as the bullion deposited directly by individuals, and the
prices are carefully determined at which the assay office bullion should be charged
against the mint in the Treasury accounts. Naturally, discrepancies sometimes arise
between the mints and the assay offices. > A very large proportion of these are small and
are easily adjusted. In fact, most of them adjust themselves automatically, as they
are on both sides of the account, and the gains and losses over a period of time will
counterbalance each other. On rare occasions, however, the differences require
adjustment hy umpire assays in the laboratory of the Bureau of the Mint at Washington. For several years I have been gathering data upon the subject, and have had
a series of assays made in order to establish standard limits of differences which might
be considered as allowable on different classes of bullion.
The methods of assaying followed in the various institutions are substantially the
eame, and have grown up as the result of many years of experience, so that with careful
work on pure bullions the results obtained at different institutions ought to agree very
closely; but with impure bullions—that.is, bullions containing other constituents
besides gold and silver—the chances for variations in the results increase. The action
of different impurities varies widely. Only small aniounts of some impurities induce
excessive variations in the results, while comparatively large amounts of others have
but little effect, and, on the other hand, a combination of several impurities in a bullion
may be most disastrous to any agreement of the assay results.
The bullion is handled in the same m^anner at all the institutions. It is weighed as
received, and then melted. Generally a simple melting with soda or borax, or both,
is sufficient, but sometimes it is more or less refined in the pot. In the case of large
melts, 1,000 ounces or over, or of very impure bullion, a small sample may be dipped
or poured out from the well-stirred pot and granulated in water. The granulations
are used for the assay sample. In general, however, the metal is cast into bars, and
these bars are chipped, top and bottom, to obtain the assay samples. The bars are
again weighed and the assays made, when the value of the deposit is calculated from
this data. If, however, the various assays made on a deposit do not agree well enough
to satisfy the assayer, the bar is remelted, with or without refining in the pot.
The. determination of gold in ores by the fire assay, when properly executed, is
justly regarded as one of the most accurate of analytical methods. With ordinary care
and an excellent bead balance, 1 part of gold in more than 20,000,000 parts of ore can
be readily and accurately determined. The determination of 1 part of gold in 5,000,000
parts of ore is very easily done. . Until recently, however, it was rare for commercial
ore assaying to attain to the accuracy of 1 part in 5,000,000.
The ability to determine gold in ores with such great accuracy is due to the fact that
very large amounts of ore, up to 0.25 kg., are taken for the assay, and on a high-grade
button balance the resulting bead can be weighed to ^J^ mg. In assaying bullion,
however, such extreme accuracy is out of the question, for the simple reason that there
is a limit to the amount of bullion that can be taken for the assay. To obtain the most
accurate results the assay sample must be weighed on the same high-grade balance on
which is weighed the resulting cornet, and the sample must also be weighed with the
same de.^ree of care and accuracy as the cornet. Now, the load that a very sensitive
bead balance will safely carry is generally limited to 1 g., and the amount of metal
generally taken for a gold-bullion assay is 0.5 g., or one-half of the maximum load
of the balance.
Another point in bullion assaying which militates against extreme accuracy in the
results lies in the fact that the cornet which is weighed is itself gold, and, in high-grade
bullions, it is a very large part bf the sample taken for the assay, so that even slight.
a The accuracy of the commercial assay for silver, Jour. Am. Chem. Soc, vol. xvi,
No. 8, p. 505 (Aug., 1894); Accuracy in silver assaying, Jour. Soc. Chem. Ind., vol.
XV, No. 6, p. 434 (June 30, 1896).




277

DIRECTOR OF T H E M I N T .

errors in the handling of the comet, resulting in slight losses or gains in its weight, count
heavily against the highest accuracy of the results.
About two years ago samples of proof gold were exchanged between the Philadelphia
mint and t h e Utrecht mint, and these samples were assayed in comparison with the
utmost care at both institutions, with the result that the Utrecht proof was pronounced
slightly the best by both mints. The difference in the results of the assays at the two
places was only 0.00002. This is b y far the most careful and exhaustive comparison of
gold bullion assays known to me, and undoubtedly represents the limit of accuracy
at present attained by human skill in such work.
Table I shows a series of results obtained b y three assayers working in the same
laboratory upon fine gold from an electrolytic refinery. Each assayer worked upon
t h e same sample in each set of assays as averaged, the samples being cut from both
the tops and bottoms of the bars. While there is a possibility that there may be some
difference in composition between the tops and bottoms of the bars, yet in such highgrade material as this any such difference must be slight, and 8 tests upon the subject
showed a maximum difference between the top and bottom of only 0.0001, which is
considerably less than many of the differences between individual assays. On the
whole, then, t h e figures may be taken as fairly representing the ordinary run of commercial work upon such high-grade bullion. I t will be noted that in several cases
the figures exceed 1,000, which is due, in part at least, to the high grade of the material.
I t may also be due in part to the presence in the electrolytic gold of unusual impurities in very small amounts. These data emphasize the necessity of averaging a
large number of assays tb get a satisfactory determination of the fineness in such
very high-grade material..
T A B L E I . — F I N E GOLD

1.

2.

999.8
999.5
999.7
999.8
999.7
999.8
999.4
999.7

999.6
999. 5
999.5
999.4

3.
999.6
1000. 0
999.4
1000.1
999.6
1000. 3
999.6
1000. 3

Average.

999.7
999.7
999.8
999. 7

ASSAYS.

1.
999.7
999.5
999.9
999.8
999.6
999.9
999.7
1000. 0

2.
999.7
. 999. 8
999.7
999.5

3.
999.3
999.8
999.5
1000. 0
999.6
1000. 3
999.7
1000. 4

999.7
999.5
1000.1
999.8
999.5
999.8
999.5
999.9
1000. 0

999.9
999. 8
999.7

999.6
999.9
999.6
1000.1
999.7
1000. 2
999.6
1000. 3

999.8

999.8
999.9

999. 8

999.6
999.8
999.8
999.8
999.8

999.8
999.8

Average.

1000. 0
999.7
999.5
999.9
999. 7
999.8
999.9
999.8
1000.1
999.8
1000.1

999.8
999.9
999.8
999. 9
999.8

999.9
1000.2
999.8
1000. 3
999.6
1000.1
999.8
1000. 5
999.7
. 1000.4
1000. 0

999.9
999.8
999.8
999.9
999.9
999. 9
999.9

Table I I shows results obtained b y various assayers in a single laboratory in assaying
granulation samples from a wide variety of bullion.
The figures given in Table I I I are all taken from a single shipment and show the
accuracy that can be obtained upon material of fairly uniform composition, being
mostly gold and silver, with b u t little base metal present. This.table shows, first,
the results obtained at the assay office where the bullion was originally purchased;
and, second, the results obtained upon the same material when shipped to a mint.
I n some of these samples there is undoubtedly a difference between the tops and bottoms of the bars, b u t the figures show the agreement that may be expected between
two institutions in arriving at the value of such deposits.
Table IV gives the assays of 14 bars which were referred to the bureau laboratory
for adjustment, although the average differences between the mint and the assay office
were only slight.
The handling of bullion produced at mills using the cyanide process of gold extraction has given a great deal of trouble.




278

REPORT ON T H E FINANCES.
TABLE II.—MISCELLANEOUS
Silver
fineness.

Gold fineness,

0.4
0.5
2.8
6.1
11.0
12.0
17.0
19.4
29.4
36.1
43.2
47.0
52.4
62.5
68.0
79.0
108.5

0.4

'"i's
6.2
10.9
12.1
16.5
19.4
29.4
36.0
43.2
46.4
51.8
62.7
68.2
79.4
109.3

GOLD ASSAYS.

0.1
0.4
2.9
6.3
10.9
12.3
17.0
19.6
29.2
36.0

0.3
0.4
2.8
6.3
11.1
12.3
17.1
19.7
29.2
35.9
43.1
45.4
52.0
62.1
68.3
79.0
108.7

'46.'3
51.4
62.5
68.0
79.1
108.9

Gold

997.5
862.5
955.0
970.0
888.0
805.0
967.5
835.0
709.0
689.0
47.0
304.0
79.0
766.0
362.0
731.0
495.0

148.4
179.1
194.3
208.3
308.8
440.0
510.0
515.1
537.8
570.4
606.9
643.0
710.2
716.1
759.0
870.5
978.4

148.3
179.0
194.1
208.3
308.4
439.9
510.1
515.0
537.7
571.6
605.3
642.6
711.2
716.0
758.9
870.6
978.0

Silver
fineness.

fineness.

148.3
179.0
194.7
208.6
308.5
439.8
509.6
514.9
536.8
571.4
606.7
643.8
710.7
716.0
759.0
870.2
978.0

148.4

372.0
695.0
771.5
416.0
149.0
190.0
236.0
171.0
227.0
185.0
129.0
257.0
3.0
222.0
216.0
27.0
17.0

195." 6
308.6
440.0
509.6
515.2
537.1
571.0
606.8
642.7
711.7
715.9
759.1
871.4

T A B L E I I I . — A S S A Y S OF A SINGLE SHIPMENT.

office. Mint.

Gold

843.4
843.4
843.4
843.2
843.2
843.1

fineness.

Silver

fineness.

843.0
843.0
843.2
843.1
843.0
843.3

Assay
office. Mint.

Assay
office. Mint.

office. Mint.

office. Mint.

860.9
860.9
860.8
860.9
860.9

862.5
862.3
862.5
862.6
862.5
862.5

863.6
863.6
863.6
863.3
863.6
863.6

863.4
863.5
863.4
863.6
863.6
863.6

864.8 864.6
864.6
865.0 864.5
864.7 864.4
864.9
864.7 864.7

860.3
860.6
860.6
860.7
860.7
.860.7
135

151.5

134

132

131

Assay
office. Mint.

office. Mint.

Assay
office. M i n t .

874.9
874.9
875.1
874.9
874.7
874.9

878.2
878.3
878.3
878.3
877.8
878.2

880.1
880.1
880.2
880.2
880.0
880.0

office.

Gold

Silver

fineness

Mint.

office. Mint.

870.5
870.6
870.6
870.5
870.6
870.6

fineness.

870.8
870.9
870.9
870.6
870.8
870.8

873.5
873.6
873.6
873.4
873.5
873.7

125

T A B L E IV.—COMPARISON

862.6
862.5
862.5
862.6
862.5
862.6

873.2
873.9
873.6
873.7
873.5
873.4
122

874.9
874.9
874.7
874.7
874.7
874.7

120.5

878.1
878.2
878.3
878.2
878.2
878.1
117

879.9
880.0
880.2
880.1
880.2
880.1

116.5

B E T W E E N ASSAY OFFICE, M I N T , AND B U R E A U .
GOLD FINENESS.

Assay office

Mint

Bureau

Highest
Lowest
Difference




'

736.6
736.4
736.5
736. 5
735. 4
735. 4
735.1
735.9
735.9
736.0
736.1
736.1
736. 6
735.1
1.5

807.5 850.2 853.1 866.8 868.3
807.6 850.3 853.4 867.0 868.0
866.5 868.4
866.6 868.6
807.2 849.1 852.6 865.7 867.5
806.7 849.4 852.7 865.2 866.9
807. 3 849.9 852.5 865.9 867.5
807.1 850.2 852.5 866.3 867.5
807.4 850.1 852.7 866.8 867.9
807. 5 850.1 853.0 866.6 867.5
807.5 850.2 853.1 866.7 867. 8
807. 5 850.0 852.9 866.8 867.7
807.6 850.3 853.4 867.0 868.6
806.7 849.1 852.5 865.2 866 9
0.9
1.2
0.9
1.8
1.7

876.4
875.7
875.1
875. 4
875.9
875.9
875-8
875.9
876.4
875.1
1.3

DIRECTOR OF THE M I N T .

279

T A B L E IV.—COMPARISON B E T W E E N ASSAY OFFICE, MINT, AND B U R E A U — C o n .

SILVER FINENESS.
Silver

fineness

.T

179.0 181.0 133.0 142.0 127.0 112.0 120.0
GOLD FINENESS.

Assay office

878.2 879.1 884.0 886.0 892.8 897.4 899.5
879.1 884.1 885.5 892.5 897.3 899.2
884.0
878.2

Mint

877.'6
877.6
877.7
877.8
878.2
878.1
878.3
878.4
878. 4
877.6
0.8

Highest
Lowest
Difference

883.9
883.7
883.0
883.9
883.6
883.7
883.7
883.8
883.6
884.1
883.0
1.1

.:

885.0
885.4
885.2
885.3
885.7
885.5
885.9
885.9
886.0
885.0
1.0

891.7
891.9
891.7
892.0
892.6
892.8
892.1
892.1
892.8
891.7
1.1

896.4
896.2
896.6
896.8
897.2
897.1
897.1
897.3
897.4
896.2
1.2

898.8
897.8
898.9
898.0
898.7
898.7
898.6
898.8
899.5
897.8
1.7

117.0 115.0 113.0 109.0

Bureau

878.3
878.6
878.5
878.8
879.2
879.2
879.4
879.1
879.4
878.3
1.1

88.0

99.0

95.0

SILVER FINENESS.
Silver

fineness

Even when properly prepared such bars are likely to be troublesome, but when, as
not infrequently happens, the slimes are not properly purified before being melted
into bars, they may give no end of trouble.
A very mild case of variation in cyanide bars is shown in Table V. As received,'
these bars were chipped and the chips assayed. Since the figures thus obtained were
considerably higher than the shipper's figures, the bars were then carefully bored and
the borings assayed. Finally, the bars were remelted, with small losses in each case,
and granulations taken. The granulations were then assayed.
T A B L E V.—ASSAY OF CYANIDE B A R S .

G0L]3 FINENESS.
Chips

Borings

. .

Granulations

394.1
392.7
392.0
392.0
394.0
392.1
393.5
393.4
393.6

381.6
383.2
381.3
383.4
381.6
381.3
382.6
382.3
382.8
382.2

380.7
381.7
381.5
383.4
380.7
381.5
382.0
382.7
382.4
383.2

381.6
381.8
381.5
382.8
381.6
381.5
381.8
382.5
381.2
381.4

440.8
440.9
440.3
440.4
440.8
440.3
440.7
440.4
440.1
440.1

370

370

357

393.8
SILVER FINENESS.
Silver

fineness

370 " 370

Table VI exhibits the results obtained by sampling three cyanide bars, high in gold
and very low in silver, in three different ways. The assays show a wide variation on
the chip samples. While the drill-sample assays are fairly concordant for this class
of material, the dip-sample assays agree much better and are to be preferred.




280

REPORT ON

THE

FINANCES.

T A B L E V I . — A S S A Y OF CYANIDE

BARS.

[Sampled in three ways.]
GOLD F I N E N E S S . ^
Chips

833.1
828.1
830.7
842.1
834.6
833.7
832.7
835.5
835.4 ,
834.6
834.1
834.8
834.2
835.3
834.8
834.1
834.5
834.7
834.6
834.5

Drills.

Dips.

Silver
Weight.

fineness

....

..

863.3
866.2
869.6
864.2
864.2
865.8
867.4
867.0
866.6
865.9
866.6
867.1
866.1
865.2
866.9

5.5

8.0

841.9
845.2
839.1
845.5
845.3
845.0
845.4
844.4
845.5
845.7
845.1
844.9
846.5
845.0
843.4

8.0

1,169.06 oz. 1,228.40 oz. 1,171.16 oz.

An assay office had received a cyanide bar which showed 546, 545.5, 546.2, 546
fine in gold. This was considered satisfactory, and it was shipped to a mint, but the
chip samples there yielded most varying resiilts, as follows: 544.6, 535.2, 543, 535,
542.4, 555.6. The bar was then remelted, and granulations showed 550.2 and 551.2.
Another cyanide bar received at the same assay office from the same mill showed
592, 593.9, 592.9, 593.3 fine in gold, and was accepted. It was shipped to the same
mint, where chips showed 603.6 and 590, while borings showed 588 and 588.6. The
bar, which weighed 559.65 ounces Troy, was remelted, with a loss of 1.78 ounces,
and granulations from the melt showed 601.8 and 601.8 fine in gold.
Having had a great deal of trouble with some bars from this mill, while others
gave but little trouble, the assay office gave one of the bad bars a very thorough treatment by melting and refining in the pot. As received, the bar weighed 643.30 ounces
Troy, and was probably about 847 fine in gold. It was melted seven times, when it
weighed 502.01 ounces, showing a loss of 141.29 ounces in weight. The final bar was
933.4 fine in gold and 21 fine in silver. The gold loss from this excessive course of
meltings was only approximately 3.75 ounces, most of which could undoubtedly be
recovered from the slags.
The details of the meltings are shown in Table VII. It should be noted that the
fourth melt shows practically no refining, and the weight was only slightly reduced,
80 that no practical change is shown in the ^assays.




281

DIRECTOK OP T H E M I N T .
T A B L E V I I . — C Y A N I D E B A R , MELTED S E V E N T I M E S .

[Original weight, 643.3 ounces Troy.]
Gold fineness.
. . . . . 8 4 7 . 0 847.0
847.2 846.6
848.0 846.3
847.8 844.6
847.6 847.6
868.1 868.3
867.1 868.8
865.8 866.7
866.1 866.6
866.8 867.5
869.2 869.1
867.9 867.4
. . . .877.3 877.3
877.3 879.4
875.7 876.6
873,8 875.8
877.4 878.7
876.7 877.3
876. 6 876.8
875.4 877.5
878.9 874.6
879.2 874.1
876.0 865.7
875.4 875.2
877.0 878.9

First melt, 657.22 ounces

Second melt, 544.46 ounces
es

s
Third melt, 536.44 ounces

Third melt, 536.44 ounces...
Fourth melt, 535.55 ounces..

Fifth melt, 511.88 ounces

Sixth melt, 504.82 ounces

Seventh melt, 502.01 ounces.

Qold fineness.
..877.8 879.4
863.4 877.7
875.7 876.9
.878.3 878.7
879.0 871.4
877.5 86L6
877.1 878.0
875.8 879.5
870.2 879.0
876.1 877.5
876.9 878.0
87L7 875.7
879.0 879.0
.916.8 917.3
916.9 917.6
917.6 916.8
917.1 916.9
.928.6 928.6
929.2 928.8
929.4 928.6
930.0 928.8
933.5 933.3
933.2 933.4
933.3 933.7
933.7 933.4

From an extensive series of tests made at the San Francisco mint it was found that,
as a rule, in the cyanide bars from several California plants the chip samples taken
from t h e outside of the bars would be about 2.5 fine less in gold than the borings when
taken away from the edges of the bar, and that the borings gave satisfactory samples
of the bars.
Thirteen miscellaneous deposits were united in a mass melt and cast into 17 bars,
weighing 2,841.77 ounces. * Each bar was chipped twice and each chip was assayed in
duplicate for gold. The following table shows the number of times the stated fineness
was obtained:
TABLE V I I I . — M A S S MELT ASSAYS.

Fineness.
405.0
405.2
405.4
405.6
405.8

Number.

1
4

Fineness.

Number.

Fineness.

Number.

406.0
406.2
406.4
406.6
406.8

3
5
3
7
3

407.0
407.2
407.4
407.6
407.8

8
6
8
2
5

Fineness.
• 408.0
408.2
408.4
408.6
408.8

Number

•

5
4
3
1

The average of the 68 assays showed the mass to be 407.16 fine in gold.

When made from the highest, grade of metals bur coin gold, 900 gold and 100 copper,
does not segregate. The gold used may contain a very small amount of silver, b u t
should be as free as possible from all other impurities, and the copper should be of the
highest purity possible. Occasionally, in practice, however, there will be some
segregation due to some impurities present in minute amounts. On one occasion an
inside strip cut from a double eagle was assayed six times and yielded the following
gradually decreasing figures: 900.2, 900.1, 899.9, 899.85, 899.5, 899.45. On another




282

REPORT ON T H E FINANCES.

occasion a double eagle was cut as indicated in fig. 1 and the following results were
obtained:
Gold fineness.
A.
Bureau

899.12
899.45
899.20
899.45
899.4
899.4
899.5
899.5

-.

Mint

B.
900.47
900.38

C.
899.89
899.85

D.
899.70
899.58

900.2
900.5
900.2

One of our most annoying and yet very interesting and instructive cases was a lot
of foreign coin gold, the product of a mint which is very careful in the manufacture
of its coins. Twelve deposits of this material were received at the Philadelphia mint
from the New York assay office. I t was supposed to be 916J fine in gold, the balance
being copper, and very uniform in composition, but the New York assays showed
considerable variation. At Philadelphia one man assayed each deposit in duplicate,
and he was checked by another man with a single assay, as shown in Table I X .
TABLE I X . — F O R E I G N COIN GOLD ASSAYS.
GOLD FINENESS.
First assayer
Second assayer

917.6 916.4 916.4 917.6 917.5 917.1 915.6 917.3 917.6 914.7 917.0 917.0
918.3 917.9 917.9 917.8 917.9 917.5 917.3 917.3 917.5 916.8 916.9 917.1
917.2 917.3 917.7 917.3 916.5 916.3 917.2 916.3 916.0 915.8 915.4 916.-0

This bullion was diluted with copper to bring it down to the United States standard.
While our standard is 900 fine, and this law allows a variation of one one-thousandth
up or down, so that legally the coins may run from 899 to 901 fine in gold, yet the working limits adopted at the mints are much narrower than the legal limits, and generally no gold ingots are passed by the assayer below 899.7 fine nor above 900.2 fine.
I n making ingots from this metal an unusual number of melts had to be rejected
and remelted for want of uniformity. I t was expected that the coins made from this
bullion would run low, b u t none of those regularly tested did. I n fact, two from one
delivery were most unusually high, viz, 900.6 and 900.7. Thereupon 12 coins were
selected from the same delivery and 46 assays were made upon them, with the following results:
3 assays
3 assays
5 assays
4 assays
7 assays

showed
showed
showed
showed
showed

Gold
fineness.
899.7
899.8
899.9
900.0
900.1

3 assays showed
11 assays showed
5 assays showed
4 assays showed
1 assay showed

Gold
fineness.
900.2
900.3
900.4
900.5
900.7

4.6

The trouble with this metal undoubtedly arose from the presence of a small amount
of some impurity causing a segregation of the gold, b u t enough work to decide what
this was could not be given to the matter. In a similar case, with a different highgrade foreign coin gold at the San Francisco mint, the trouble was traced to the presence of a minute amount of antimony.
I n order to get a much wider range of comparison, and to test the influence of the
different metals and of various combinations upon the gold assay, a series of samples
was prepared in the bureau laboratory and sent out to various laboratories in the
service for assay. I n preparing the samples the metal was thoroughly mixed by
stirring when molten and remelted as often as appeared necessary. They were finally
cast into small bars, and when sufficiently ductile were rolled out thin. The strips
were cut into small squares, and these were mixed up and the samples for each institution taken out of the mixed pile of pieces. I n the case of the brittle bars, they were
hammered out and rolled until they crumbled to pieces. The larger pieces were
then cut up, and the whole mixed before the samples were taken out.
All through the preparation of the samples very great care was exercised, so that in
each set every sample sent for assay should be identical, and thus eliminate from the



DIRECTOR OF THE MINT.

283

assay results all chances of differences being due to differences in the samples operated
upon, and to confine the differences shown to the actual assay work. In one very base
sample, which will be further noted, it was not possible to adhere to this rule because
the metal was too hard.
In making such small melts it is practically impossible to adhere to any predetermined composition with any degree of closeness.
110
The first sample sent out was gold about 105finein silver and about finein copper;
J
seventy-one assays of this sample were made in 9 laboratories, with the following results:
Gold
fineness.
884.-1
884.2
884.3
884.4
884.5
884.6

3 assays showed
3 assays showed
6 assays showed
6 assays showed
II assays showed
14 assays showed

19 assays showed
7 assays showed
3 assays showed

Gold
fineness.
;. 884". 7
884.8
884.9

71

The averages obtained in the different laboratories were:
Gold
fineness.

Gold
fineness.

Gold
fineness.

884.271
884. 433
884. 438

884.517
884. 517
884. 631

884.663
884.738
884.788

A sample approximately 500 fine in silver, 110 fine in copper, and 50 fine in lead
was assayed sixty-four times in 9 laboratories, with the following results:
2 assays showed
7 assays showed
11 assays showed
7 assays showed
2 assays showed
3 assays showed
7 assays showed
9 assays showed

:

Gold
fineness.
340.9
341.0
341.1
341. 2
341.3
341.4
341.5
341.6

3 assays showed
5 assays showed
3 assays showed
4 assays showed
1 assay showed

Gold
fineness. .
341.7
341.8
341.9
342.0
342.1

64

The averages obtained in the different laboratories were:
Gold
fineness.

Gold
fineness.

Gold
fineness.

341.016
341.038
341.150

341.163
341.467
341.520

341.600
341.863
341.913

Two samples were both about 25 fine in mixed base metals, while one was approximately 360 fine in silver, and the other was about 450 fine in silver. The first sample
was assayed sixty-one times in 9 laboratories, with the following results:
I assay showed
4 assays showed
3 assays showed
9 assays showed
8 assays showed.
6 assays showed
9 assays showed

^

Gold
fineness.
617.6
617.7
617.8
618.0
618.1
618.2
618.3

6 assays showed
4 assays showed
9 assays showed
2 assays showed
61 •

The averages obtained in the different laboratories were:




Gold
fineness.

Gold
fineness.

Gold
fineness.

617.725
618.025
618.138

618.233
618.283
618.320

618.388
618.467
618.480

Gold
fineness.
618.4
618.6
618.6
618.7

284

REPORT ON THE FINANCES.

The second sample was assayed sixty times in 9 laboratories, with the following
results:
Gold
fineness.
628.6
628.7
628.8
528.9
529.0
529.1
529.2

4 assays showed
7 assays showed
3 assays showed
3 assays showed
4 assays showed
7 assays showed
12 assays showed

10 assays showed
7 assays showed
2 assays showed
1 assay showed

Gold
fineness.
629.3
629.4
529.5
529.6

60

The averages obtained in the different laboratories were:
Gold
fineness.

Gold
fineness.

Gold
fineness.

528.671
528.800
628.963

529.175
529.238
529.250

529.267
529.283
529.300

Having on hand some ferruginous bullion, I attempted to prepare a sample for this
work, but experienced considerable difficulty in getting a satisfactory metal, owing
to the separation of magnetic globules on solidification. By melting several times with
niter I finally obtained a sample that did not show visible segregation, and it must
have been close to saturation with iron. It was about 763 fine in gold and 185 fine in
silver, so that the entire base metals, including the iron, were only about 52 fine.
This sample was assayed forty-seven times in 9 laboratories, with the following results:
Gold
fineness,
762.9
763.0
763.2
763.3
763.4
763.5
763.6

2 assays showed
6 assays showed
3 assays showed
6 assays showed
6 assays showed
4 assays showed
2 assays showed

9 assays showed
4 assays showed
6 assays showed
2 assays showed
47

Gold
fineness.
763.7
763.8
763.9
764.0
'

.

The averages obtained in the different laboratories were as follows:
Gold
fineness.

Gold '
fineness.

Gold
fineness.

762.975
763.175
763.300

763.417
763. 467
763.500

763.683
763. 700
763.833

It having been supposed that much of the difficulty with cyanide gold bars was due
to the zinc left in the slimes and going into the bars, a sample was prepared which
was nearly 590 fine in gold, about 245 fine in silver, slightly over 130 fine in zinc, and
containing a little copper and very little lead.
This sample was assayed fifty times in 8 laboratories, with the following results:
1 assay showed
3 assays showed
4 assays showed
3 assays showed
7 assays showed
7 assays showed
9 assays showed.

•

,

Gold
fineness.
588.9
6 assays showed
589. O 2 assays showed
589.1
5 assays showed
589.2
3 assays showed
589. 3
589. 4 50
589.5

The averages obtained in the different laboratories were as follows:




Gold
fineness.

Gold
fineness.

589.040
589. 400
589. 400

589.417
589.475
589. 483

Gold
fineness.
589.667
689.800.

Gold
fineness.
689.6
589.7
589.8
589.9

285

DIRECTOR OF T H E M I N T .

A simple inspection of these results shows very clearly that zinc alone does not
materially militate against agreement in the assay work itself, and if it is the cause
of the trouble with cyanide bars it must be owing to its causing segregation, and thus
preventing the proper sampling of the bars b y chipping or boring. Other elements
may also b e active in producing segregation in such bars, either b y themselves or
through combinations with the zinc or other metals present. A low-grade and very base
bar along this line was prepared to run about 100 fine in zinc, 200 fine in copper, and
50 fine in lead. I t was about 268 fine in gold and 370 fine in silver. This bar was very
hard, and it was impossible to prepare identical samples for the various laboratories.
I t was simoly cut into pieces and a piece sent to each institution.
This sample was assayed forty-four times in 8 laboratories, and while the difference
between the highest and the lowest result is only 1.7 fine, yet the results are scattered
all along through the range, and there is only a slight concentration of the results about
one point. This is, of course, due in part to the fact that the samples assayed were
not identical.
The results obtained were:
1 assay showed
3 assays showed...,
6 assays showed
6 assays showed
4 assays showed
3 assays showed.
3 assays showed..'
3 assays showed

"
'

Gold
fineness.
268.0
268.1
268.2
268.3
268.4
268.5
268.6
268.8

1 assay showed
4 assays showed
3 assays showed
1 assay showed
3 assays showed
3 assays showed

*

Gold
fineness.
268.9
269.0
269.1
269.3
269.6
269.7

44

I t has long been known in a practical way that the presence of arsenic in a gold
bullion prevents any agreement in the assays. Fortunately, however, the presence of
arsenic very plainly reveals itself in the melting of the bullion, and when found the
melter pro(;eeds to refine the bullion in the pot, and ultimately removes i t very completely before the bullion can be accepted.
Three test samples containing arsenic were prepared, and they yielded most astonishing and interesting results. The first sample was approximately 785 fine in gold,
107.5 fine in silver, 100 fine in copper, and 7.5 fine in arsenic. This is only a small
proportion of arsenic, and yet it completely prevented any agreement whatever in the
assay results. This sample was assayed sixty-five times in 10 laboratories. The
lowest result obtained was 779.7 fine in gold, and the highest 792.4, with an extreme
difference of 12.7 in the fineness. Moreover, there is the utmost divergence in the
results as well as no agreement whatever; 30 results were obtained only a single
time each, 11 only twice each, 3 only three times each, and only a single result was
obtained four times. I n only three instances did one laboratory obtain the same
result twice.
A sample approximately 675 fine in gold, 200 fine in silver, 100 fine in zinc, 24 fine
in lead and copper, and only 1 fine in arsenic yielded a trifiing better set of results,
but still very widely divergent. This sample was assayed sixty-two times in 10
laboratories. The lowest result obtained was 671.4 fine in gold, and the highest 681.4,
showing an extreme difference of 10 in the fineness; 31 results were obtained a single
time only, 10 only twice each, 2 only three times each, and only a single result was
obtained five times. I n three instances one laboratory obtained the same result twice,
and in one case a laboratory obtained the same result three times.
I t would appear, however, that the influence of arsenic upon the assaying of highgrade bullion containing only trifling amounts of base metals is far less injurious.
While the results on a sample running approximately 865 fine in gold, 130 fine in
silver, 1 fine in arsenic, and only 4 fine in other base metals can not be considered
satisfactory, yet they are very much better than those yielded by the other two arsenical bullions. This ample was assayed fifty-three times in 9 laboratories, with the
following results:
I assay showed
1 assay showed
2 assays showed
2 assays showed
2 assays showed
2 assays showed
3 assays showed
4 assays showed
8 assays showed
2 assays showed
4 assays showed

'.




Gold
fineness.
864.1
864.3
864.4
864.7
864.8
865.0
865.1
865.2
865.3
865.4
865.5

1 assay showed
3 assays showed
4 assays showed
3 assays showed
5 assays showed
2 assays showed
3 assays showed
1 assay showed
63

Gold
fineness.
865.6
865.7 '
865.8
865.9
866.0
866.1
866.2
866.6

286

REPORT ON THE FINANCES.

The averages obtained in the different laboratories were:
Gold fineness.

Gold fineness.

Gold fineness.

864.933
865.183
865.200

865.233
865.286
865.300

865.500
865. 517
865.717

As in so many other directions, antimony behaves similarly to arsenic in assaying
gold bullion," but its influence is not so pronounced. A sample of bullion approximately 723 fine in gold, 245 fine in silver, 1 fine in antimony, and 31 fine in mixed
base metals, copper, lead, zinc, was assayed forty-six times in nine laboratories. The
lowest assay obtained was 721.3, and the highest 725.1, showing a range of 3.8 in the~
fineness. However, 24 of the results, or just over a half, ranged from" 722.8 to 723.9
fine, and outside this range only two results were obtained more than a single time.
Finally, some of our gold coin was melted up and assayed one hundred and seven
times on identical samples in 5 laboratories, with the following results:
6 assays showed
10 assays showed
26 assays showed
28 assays showed

'

Gold
fineness.
899.6
899.7
899.8
899.9

32 assays showed
5, assays showed
107

Gold
fineness,'
900.0
900.1

The actual average of this sample is 899.879 fine in gold.
With these results as a basis, the investigation of the subject is being continued with
the hope of ascertaining the causes of the variations shown and improving the agreement in the'results attained. It is, for instance, well known that gold cornets are not
pure gold. They always carry some silver, and I have never failed to find copper in
them when tested for with great care. On several occasions I have found lead present
on testing the silver nitrate solution from parting a large number of cornets at one time
in a platinum basket. The amounts of these base metals present in the cornets are,
of course, quite small, and their influence is corrected by the proof assay, in the same
way that it corrects for the silver l^ft in the cornets. I am, however, carrying on a
series of quantitative determinations of base metals present in gold cornets, the results
of which I hope to publish at some future date. Again, it is assumed that the proof
furnishes a very close correction for the assays, but it is evident that the proofs themselves must be subject to variations and it is known that cupels containing proofs and
touching each other in the furnance may show appreciably different results. A very
large collection of proof figures is being made for the purpose of studying this question.
Also the question of absorption of the precious metals by the cupel is most important
and is being investigated.
PROCEEDINGS OF THE ASSAY COMMISSION, 1909.
The following-named gentlemen are hereby designated as commissioners to test and examine the weight and fineness of the coins
reserved at the several mints during the calendar year 1908, pursuant to the provisions of section 3547 of the Revised Statutes:
Hon. William E . Borah, United States Senate; Hon. George E. Roberts, Chicago, 111.; Hon. William H . E d m u n d s , Yankton, S. Dak.; Dr.
S. Weir Mitchell, Philadelphia, P a . ; Prof. Leverett Mears, Williams
College, Mass.; Mr. Ambrose Swasey, Cleveland, Ohio; Mr. Gardner
F . Williams, Washington, D. C ; Mr. James H . Manning, Albany",
N. Y.; Mr. Farran Zerbe, Tyrone, P a . ; Mr. John E . Wilkie, Washington, D. C ; Mr. Joseph Auld, Burlington, Vt.; Mr. H . W. Child,
Helena, Mont.; Mr. William. J. McCaughey, Washington, D. C ; Mr.
George M. Root, Sioux Falls, S. Dak.; Mr. J. A. Cauldwell, WilkesBarre, P a . ; Hon. Ira W. Wood, House of Representatives; Mr. John
Hays Hammond, New York, N. Y.; Hon. Pearl Wight, New Orleans,
La.; Mr. J . B . Tiffany, New York, N . Y . ; Dr. William Sturgis Bigelow,




DIRECTOR OF THE M I N T .

287

Boston, Mass.; Hon. William D. Bynum, Muskogee, Okla.; Mr. Truxton Beale, Bakersfield, Cal. (Dr. H. G. Torrey, ex officio member.)
The commission met at the mint at Philadelphia on February 10,
1909, and Hon. Ira W. Wood was elected chairman.
The following committees were appointed by the chairman with
the approval of the commission:
Committee on counting.-—Mr. Tiffany, chairman; Messrs. Manning,
Zerbe, Auld, Cauldwell, and Child.
Committee on weighing.—Doctor Bigelow, chairman; Messrs. Wilkie,
McCaughey, and Bynum.
Committee on assaying.—Professor Mears, chairman; Messrs. Williams, Mitchell, Swasey, Root, and Torrey.
The committee on counting reported that the packages containing
the pieces reserved by the several mints for the trial of coins were
delivered to them, and that they were compared with the transcripts
kept by the Director of the Mint and found to be correct. After
verification the coins were delivered to the committees on weighing
and assaying.
The coins reserved by the mints for the purposes of the assay commission were as follows:
Gold coins from.the mint at Philadelphia, 6,397, of the value of
$99,205.
Silver coins from the mint at Philadelphia, 8,102, of the value of
$1,400.05.
Gold coins from the mint at San Francisco, 164, of the value of
$1,450.
Silver coins from the mint at San Francisco, 2,827, of the value of
$671.
Silver coins from the mint at New Orleans, 6,697, of the value of
$2,210.
Gold coins from the mint at Denver, 2,212, of the value of $31,540.
Silver coins from the mint at Denver, 8,279, of the value of $1,918.
The coins reserved on account of coinage executed for the Philippine
Islands were as follows:
Mint at Philadelphia:
Pesos
50 centavos
20 centavos
10 centavos
Mint at San Francisco:
Pesos.
50 centavos
20 centavos
10 centavos

Pieces.
1
1
I
1
10,478
801
768
1,682

The committee on assaying reported receiving and making assays
of coins reserved from the mints at Philadelphia, San Francisco,
New Orleans, and Denver, representing the deliveries made by the
coiners to the superintendents during the calendar year 1908.
The highest assay value of the gold coinage (the limit of tolerance
being one one-thousandth) was at—
Philadelphia
San Francisco
Denver

900.5
900.1
900.2

The lowest assay value of the gold coinage (the limit of tolerance
being one one-thousandth) was at—
Philadelphia
San Francisco
Denver

:




:

899.7
899.8
900.0

288

REPORT ON THE FINANCES.

The highest assay value of the silver coinage (the limit of tolerance
being three one-thousandths) was at—
Philadelphia
San Francisco
New Orleans
Denver

.^
:

:

900.2
901.3
901.1
901.8

The lowest assay value of the silver coinage (the limit of tolerance
being three one-thousandths) was at—
Philadelphia
San Franciscio.
New Orleans
Denver

: 899.1
900.0
899.3
899.1

:

The highest assay value ^ of the Philippine, silver coinage was at—
San Francisco (pesos)
San Francisco (subsidiary)

:
,

802.0
749.8

The lowest assay value of the Philippine silver coinage was at—
San Francisco (pesos)
San Francisco (subsidiary)

799.2
748.8

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 acid used 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 reported the assays as entirely trustworthy, and
that none of the coins tested differed from the standard of fineness
by a greater degree than the amount allowed by law.
The committee on weighing respectfully reported examining sample coins selected at random from those reserved by the several mints.
The weighing was made on a balance by Henry Troemner, of Philadelphia. The weights employed were furnished under seal by theDirector of the Bureau of Standards, and were accompanied by a
certificate, stating their variations in mass from the standards fixed
by law. The balance was carefully tested and,found to be sufficiently
accurate without making corrections.
The secondary troy pound of the mint was compared with the
standard pound and found to be correct within 1 part in 350,000.
Three separate pounds built up of working weights of the mint were
found to be correct within 1 part in 50,000.
The details of the weighings indicated that the deviations from the
statutory standard weights of the coins examined were all within the
legal tolerance, consequently the committee on weighing pronounced
the examination of the weights of the cioinage of the several mints
during the year 1908 to be satisfactory.
The committee on resolutions submitted the following:
Recognizing that the national coin collection in the mint at Philadelphia is a serious educational institution, and that it is one deserving
of greater financial aid that it may be made more complete and
instructive, and that it is now inconsiderable, except in the coinage
of the United States, when compared with coin collections of many
countries, be it
Resolved, That it is the sense of the members of the Annual Assay Commission of
1909 that the mint coin collection should be made as complete as possible; and that
since there are over 100,000 visitors to the mint annually, many of whom, we believe,
a By the act of June 23, 1906, the standard fineness of the Philippine peso was
reduced to 800.0 and the subsidiary coins to 750.0 fine.



289

DIRECTOR OF T H E M I N T .

would purchase a mint souvenir in the form of an artistic medal if they knew that
the profits from the sale of such medal would be devoted to the improvement of the
coin collection, it is
Recommended that a medal, of a different design each year, be made and offered
for sale, to visitors, and that the profits derived from the sale of such medal be devoted
to the improvement of the national coin collection.
We further believe that the striking of this medal should be made close to public
view, thus demonstrating the process of coining better than the distant view the
visitors now have of the coining operations; and that medallic art effects not practical
in our coinage could be produced in a medal.
Inasmuch as medals and medalettes have been sold to visitors at the mint for many
years, the profits from which have not served a public purpose, it is believed that
these resolutions can be made operative without congressional action. And be it
further
Resolved, That the thanks of the members of the Assay Commission of 1909 be
extended to the Director of the Mint, and to the superintendent, officers, and employees of the Philadelphia mint for their many courtesies during the session.
MINT OF THE UNITED STATES AT PHILADELPHIA, PA.

The following table shows by weight and value the gold and silver
deposited during the fiscal year 1909:
^.
Gold
Silver

Metal.

Deposits.

Redeposits.

3,156
656

• Total

2,366
226

3,8n

:

Standard
ounces.
1,561,634.174
3,838,417.69

2,692

Coinage value.
$29,061,798.69
4,466,622.29
33,518,320.98

Of the above amount of silver bullion 5,769.45 ounces standard are
the surplus bullion recovered by the melter and refiner in his operations during the fiscal year 1908, and of the above amount of ^old
bullion 475.511 ounces standard are the surplus bullion recovered by
the melter and refiner in his operations during the fiscal year 1909.
A S S A Y E R ' S DEPARTMENT.

The number of assays made in this department was as follows:
Deposits and purchases
Ingots (gold and silver)
Refinery
Special assays
Sweeps assays

-

Total

31,992
6,042
0,220
1,163
430
47,847

In addition to this, 350 ounces of proof gold and 475 ounces of proof,
silver were made.
Of the 417 melts of gold ingots made by the melter and refiner,
384 were passed; 33, while within the standard fineness required by
law, were returned for remelting. No melts were condemne(i. There
were 1,839 melts of silver ingots made, of which 1,831 were passed,
6 returned for remelting, and 2 condemned.
The fineness of gold melts passed was:
4 melts at
22 melts at
79 melts at
99 melts at
146 melts at
26 melts at
7meltsat
I melt at

899.6
899.7
899.8
899.9
900.0
900.1
900.2
900.3

The fineness of silver melts passed was:
77 melts at
95 melts at
642 melts at
280 melts at
680 melts at
175 melts at
65 melts at
11 melts at
• 6meltsat
1,831

13518—FI 1 9 0 9 -

-19




898
8981
898^
898f.
899
899J
899^
899f
900

290

REPORT ON T H E FINANCES.
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 3,332,697.306 standard ounces, of the value of $62,003,670.81, his legal allowance for
wastage being 3,332.697 standard ounces, of the value of $62,003.67He also received silver bullion containing by assay 10,868,012.24
standard ounces, of the value of $12,646,414.24, his legal allowance
for wastage being 16,302.02 standard ounces, of the value of
$18,969.62. He returned to the superintendent 3,333,172.817 standard ounces of gold and 10,862,727.65 standard ounces of silver.
He operated upon bullion as follows:
Items.

Gold.

Silver.

Standard oz
2,530,559. 040
1,668,892.456

:

Total

Standard oz.
1,187,152.96
3,149,873.14

4,199,451. 496

Ingots
Refinery

10,337,026.10

The excess of gold and silver operated upon over the amounts
charged during the year is due to duplicate operations.
Upon the settlement of the melter and refiner's accounts, June 30,
1909, there was found an apparent gain upon the gold bullion during,
the fiscal year of 475.511 standard ounces, and in the operations upon
the silver bullion an apparent loss of 5,284.59 standard ounces.
The melts made aggregate as follows:
Melts.
Gold.
Silver

.

Bars.

.

. . .

Ingots.

Anodes.

Deposits. Special.

Total.

417
1,839

1,024

3,405
624

371

5,405
3,366

1,091

Total...

188
903

2,256

1,024

4,029

371

8,771

During the fiscal year tw^o silver melts were condemned.
N U M B E R , W E I G H T , AND VALUE OF GOLD AND SILVER B A R S FOR INDUSTRIAL U S E .

Metal.
Gold
Silver

.
Total

Bars.

Standard
ounces.

3,880
^4,405

498,362. 797
1,051,597.95

8,285

Coinage
value.
$9,271,866.04
1,223,677. 60
10,495,543.64

During the year 183 barrels of sweeps were gathered, containing
by assay 1,128.323 standard ounces of gold and 3,743.35 standard
ounces of silver. There were 245 barrels of old sweeps reworked,
containing by assay 1,619.100 standard ounces of gold and 3;698.87
standard punches of ^ilvQj",




291

DIRECTOR OF T H E M I N T . ,

The operations of the refinery were as follows:
Bullion.

Gold.

Silver.

a Apparent gain.

Standard oz.
1,668,892.456
1,668,407.808
808.750

Standard oz.
3,149,873.14
3,145,002.79
2,587.91

a 324.102

Sent to the refinery 4,844,051.86 gross ounces, containing by assay..
Bullion received from refinery
Sweeps

b2,282. 44

b Apparent loss.

Silver bullion sent to the refinery upon which refining charges were
collected contained by assay 2,578,437.07 standard ounces, and silver
owned by the Government and returned to the refinery for parting
purposes upon which no parting charges were collected contained by
assay 571,436.07 standard ounces.
Troy ounces.
During the year the melter and refiner received from the superintendent minor coinage metal 17,034,826.36
Delivered prior to settlement:
Bronze'ingots
Nickel ingots

11,739,311.50
3,777,560.40
15,516,871.90

Delivered in settlement:
Ingot copper
Nickel shot
Zinc
Zinc and tin alloy
Bronze residue
Nickelresidue
Wastage

.^...

813,822.91
615,013.00
3,191.00
31,757.00
2,752.00
553.00
50,865.55
1,517,954.46
• 17,034,826.36

C O I N E R ' S . DEPARTMENT.

The coiner received gold, silver, nickel, and bronze from the superintendent during the fiscal year as follows:
GOLD.

Received from superintendent July 1,1908, to June 30,1909
Returned prior to settlement June 30,1909
Returned in settlement June 30,1909

Standard ounces.
2,340,380.115
2,241,793.164
98,526.759
2,340,319.923

Wastage in gold.

.192

Received from superintendent July 1,1908, to June 30,1909
Returned prior to settlement June 30,1909
Returned in settlement June 30,1909

6,547,455.21
208,304.71

Wastage in silver.

6,756,883.29
6,765,759.92
1,123.37

Received from superintendent July 1,1908, to June 30,1909
Returned prior to settlement June 30,1909
Returned in settlement June 30,1909

3,400,706.58
361,596.90

3,777,560.40
3,762,303.48

Wastage in nickel.

15,266.92
COPPEE-BKONZE.

Received from superintendent July 1,1908, to June 30,1909
Returned prior to settlement June 30,1909
Returned in settlement June 30,1909

8,226,285.41
3,479,566.10

11,739,311.50
11,704,851.51

Copper-bronze wastage.




34,459.99

292

REPORT ON T H E FINANCES.

During the fiscal year ended June 30, 1909, this department
received 2,340,380.115 standard ounces of gold, of which 2,242,109.995.
standard ounces, of the value of $41,713,674,325, were operated
upon, from which there were produced 1,060,116.222 standard ounces
of coin of the value" of $19,723,092.50, all delivered to the superintendent during the fiscal year prior to the settlement, and 165.820
standard ounces of coin delivered to the superintendent at settlement upon which there was a wastage of 60.192 standard ounces, of
the value of $1,119.85, being 5.14 per cent of the legal allowance.
The percentage of coin producecl from the amount operated upon
was 47.27 per cent.
During the same period the coiner also received 6,756,883.29
standard ounces of silver, of which 6,568,728.99 standard ounces, of
the value of $8,172,621.66, were operated upon, from which there
wereproduced 3,816,614.92 ounces of coin of the value of $4,748,510
in subsidiary coin delivered to the superintendent duriiig the fiscal
yeaT prior to settlement, and 19,969.79 standard ounces of coin
delivered to the superintendent at settlement) upon which there was
a wastage of 1,123.37 standard ounces of the value of $585.14, being
16.63 per cent of the legal allowance.
The percentage of. coin produced from the amount operated upon
was 58.41 per cent.
There were also delivered to the coiner during the same period
3,777,560.40 ounces of nickel ingots, from which were produced
1,862,715.87 ounces of 5-cent pieces of the face value of $579,427.90,
upon which there was a wastage of 15,256.92 ounces.
During the same period the coiner also received 11,739,311.50
ounces of copper-bronze ingots, from which there were produced
5,323,326.90 ounces of 1-cent coin of the face value of $532,382.95,
upon which there was a wastage of 34,459.99 ounces.
Owing to experimental work in new gold coins during the past
year the percentage of coin produced from the amount of metal
operated upon is somewhat lower than otherwise would have been.
The following table shows the coinage executed during the year:
Denomination.

Pieces.

Value.

GOLD.

$6,352,200.00
5,263,110.00
5,895,575.00
2,212,207.60
19,723,092.50

1,838,600
8,656,600
16,650)600

919,300.00
2,164,150.00
1,665,060.00

27,145,800

-

Total

317,610
526,311
1,179,115
884,883
2,907,919

Double eagles
Eagles
Half eagles
Quarter eagles

4,748,510.00

11,588,558
53,238,295

579,427.90
532,382.95

SILVER.

Half dollars
Quarter dollars
Dimes

-

Total
MINOR.

5-cent nickel pieces
I-cent bronze pieces
Total..

.

Grand total




-

---

64,826,853

1,111,810.86

94,880,672

25,683,413.35

293

DIRECTOR OF T H E M I N T .
E N G R A V E R ' S DEPARTMENT.

All 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 2,230. In addition 408 dies were made for Philippine coinage,
17 for San Salvador, 61 for medals, and 156 master dies, hubs,* and
experimental dies for the new gold and minor coinage.
The following table shows the number of proof coins and medals
and their nominal value manufactured during the fiscal year:
Nominal
value.

Article.
Gold medals
Silver medals
Bronze medals...
Gold-proof coins.
Silver-proof coins.
Minor-proof coins

154
1,562
43,109
766
1,872
5,828

S4,542.86
1,308.06
9,764.99
6,837.50
530.40
174.84

Total

53,291

22,158.66

MINOR COINAGE.

The manufacture of the 1-cent bronze and 5-cent nickel coins has,
until this fiscal year, been confined to the Philadelphia mint. The
Fifty-ninth Congress at its first session authorized the making of
these coins at the other mints, and a few 1-cent bronze pieces were
made during the fiscal year at the San Fra^ncisco mint.
The coinage of minor coin during the fiscal year 1909 at the Philadelphia mint is shown in the following table:
Denomination.

Value.

1-cent bronze
6-cent nickel

$532,382.95
579,427.90

No blanks for minor coinage were purchased during the fiscal year.
The amount of metal purchased for the manufacture of minor
coinage was 217,192 avoirdupois pounds, at a cost of $28,589.74.
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

S200.82
677:70
30,431.60
338.90
578.73
192,339.00

:

Total
224,566.76
Cost of nickel added to 1-cent metal to convert into 5-cent alloy for recoinage into nickel 5-cent
coin
:
25.39
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
4.56
Cost of metal of same alloy added to nickel 3-cent metal for recoinage into nickel 5-cent coin
9.36
Seigniorage (gain by recoinage)
3,324.34
Total

227,930.39

Coinage executed, nominal value:
Bronze 1-cent coin
Nickel 5-eent coin
Loss by recoinage
Balance, not recoined
Total




:

$30,167.10
157,211.60
187,378.-70
10,666.69
29,885.00
227,930.39

294

REPORT ON T H E FINANCES.

The seigniorage, or gain, on recoinage of minor coin was $3,324.34,
as against a loss of $10,666.69, showing^ a net loss of $7,342.35.
The seigniorage on the coinage of nickel and bronze coins coined
from purchased metal was $830,877.04, which, less a net loss of
$7,342.35 on the recoinage of minor coin and a wastage of the operative ofiicers in the minor coinage operations of $1,323.75, gives a net
seigniorage on minor coin of $822,210.94.
The total amount of the several types of minor coin manufactured
at this mint from 1793, when the first coinage' of copper cents was
made, until June 30, 1909, aggregated $53,819,274.52. There have
been melted for recoinage $5,003,859.44, leaving outstanding June 30,
1909, $48,815,415.08, the product of this mint.
The several types and (lenominations of minor coin issued, manufactured by the mint at Philadelphia since its establishment, the
amount remelted, and the amount outstanding June 30, 1909, are set
forth in the following table:
MINOR COINS I S S U E D , R E M E L T E D , AND OUTSTANDING.
Denomination.

Coined.

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

Remelted.

,^^'^-f^.

$1,562,887.44
39,926.11
2,007,720.00
17,094,680.00
912,020.00
905,768. 52
31,296,272.45

$1,182,344.99
39,926.11
1,204,884.45
16,746,221.84
572,352.18
623,099.66
28,446,585.86

53,819,274.52

:

802,835.55
348,458.16
339,667.82
• 282,668.86
2,849,686.60
5,003,859.44

48,815,415. (

$380,542.45

Minor coins to the amount of $1,078,229.95 have been distributed
throughout the States and Territories of the United States during the
fiscal year 1909—$656,963.10 in nickel 5-cent pieces and $421,266.85
in bronze 1-cent pieces.
The expenditure for the distribution of minor coin for the same
period was $2,757.68.
ALL SEIGNIORAGE.

The seigniorage on the coinage of purchased metal for the fiscal year
was $2,901,384.28, as shown b}^ the following table:
Item.

Corned.

Subsidiary silver coins
Minor coins

Seigniorage.

$3,586,510.00
1,111,810.85
4,698,320.85

Total

$2,070,507.24
830,877.04
2,901,384.28

VISITORS.

A large nuniber of visitors from all States of the Union and from
foreign countries visited the mint during the year, 70,992 having
, been shown through by the several guides.
N U M B E R OF EMPLOYEES.

The force of employees at the end of this fiscal year shows a reduction of 12 from the number carried on the rolls at the end of the previous fiscal year. The total number on the rolls at the close of the
fiscal year was 460, distributed in the several departments as follows:



DIKECTOE OF T H E

295

MIN*.

Male.

Department.

Female.

Total.

....

---

.-

184
13
64
91
16-

•...

..

-. .

- .-

Total

43
1
48

227
13
65
139
16

368

General
Assayer's
Melter and refiner's
Coiner's
Engraver's

92

460

PERCENTAGE OF L O S S IN MELTING DURING THE FISCAL Y E A R ENDED J U N E 30,

1909.

s,
Bars, kings

0.0085
0420
0487
6205
0439

'.

Dust
Retort
Unretorted amalgam
Miscellaneous

MINT OF THE UNITED STATES AT SAN FRANCISCO, CAL.

During the fiscal year ended June 30, 1909, one change was made
among the operative officers of this mint, Mr. E. R. Leach becoming
melter and refiner, on August 4, 1908, succeeding Mr. C. M. Gorham,
who resigned. Mr. Gorham had given many years of faithful services
to the Government, having been assistant coiner, and coiner, in this
mint for over thirteen years, and melter and refiner for nearly seven
years.
The manufacture of United States minor coin was instituted at this
mint during the year, and on November 27,1908, the first 1-cent pieces
ever made at the San Francisco mint were delivered by the coiner to
the superintendent. The 1-cent bronze pieces struck during the year
amounted to $14,240.
The following table shows by weight and value the gold and silver
deposited during the fiscal year:
Metal.

Deposits.

Redeposits.

Gold
SUver. . . .

7,544
4,988

233

Total

12,532

Standard
ounces.
2,203,992.107
9,196,212.29

233

Coinage value.
$41,004,504.31
• 10,701,047.02
51,705,551.33

Of the above amount of silver bullion 8,127,302.80 standard
ounces of Philippine silver coin were received for recoinage for the
government of the Philippine Islands.
ASSAY DEPARTMENT.

The following tables show the operations of the department for the
fiscal year ended June 30, 1909:
Gold assays
Silver assays
Sweep assays

:

'

Total
Proof gold manufactured
Proof silver manufactured
Parting silver manufactured
Cupels manufactured
Leads cut and rolled




51,691
29,367
216

,

'

81,274
ounces.. . 200
ounces..
500
ounces.. 2,500
ounces.. 100,000
ounces.. 100,000

296

REPORT ON THE FINANCES.

Ingot melts were passed as follows:
Melts.

Fineness.

Fineness.

GOLD INGOTS.

899.6
899.7
899.8
899.9
900.0
900.1
900.2
900.3

Melts.

SILVER INGOTS.

29
201
511
625
• 299
57
7
1

.

T o t a l passed
Condemned

1,73Q
5

Total made

•

1,735

898.5
898.6
898.7
898.8
899.0
899.1
899.3
899.5
899.8
900.0.
900.2

31
155
2
122
6
138
87
73
32
2
I

'.

T o t a l passed
Condemned

649
12

Total m a d e

661

P H I L I P P I N E COINAGE.
Melts.

Fineness.

Subsidiary—Contmued.

PESOS.

44
396
18
261
774
275
865
172
2,336
239
1,311
77
1,259
70
568
18
337
11
78
1
24
9

797.6
797.7
797.8
797.9
798.0
798.1
798.2
798.3
798.4
798.5
798.6
798 7
798.8
798.9
799.0
799.1
799.2
799.3
799.4
799.5
799.8

...:
.

Passed
Condemned

9,143
19
9,162

Total
Subsidiary.
FIFTY CENTAVO.

2

747.8
748.0
748.2
748.3
748.5
748.7
748.9
749.0
749.1
749.2
749.3
749.4
749.6
749.8

i
f
.

•

..

,...

Passed
Condemned.
Total




Melts:

Fineness.

7
16
69
60
71
32
7
22
1
12
4
I
305
4
309

TWENTY CENTAVO.

747.8
748.0
748.2
748.3
748.5
748.7..
748.9
749.0..
749.8

:

..
•--....

Passed
Condemned

8
4
13
5
10
3
3
3
I
50
0

Total

50
T E N CENTAVO.

747.8
748.0
748.2
748.3
748.5
748.7
748.9
749.0
749.2
749.4
749.8

:
:

•

Passed
Condemned
Total

-

:

1
7
16
18
43
15
13
3
5
1
I
123
0
123

DIRECTOR OF T H E M I N T .

29Y

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:
GOLD BULLION.

ReceivedKeceivea.
Settlement bullion, August 4,1908
Settlement bullion, April 1.1909
Deposits
Redeposits
Clippings
Comer's bars, coins, etc

Standard
ounces.
2,427,129.764
3,493,645.674
2,042,845.852
160,694. 546
2,112,889.860
1,008.610

Total
Delivered:
Ingots
Fine bars
Sweeps
Settlement, March 31,1909
Settlement, June 30,1909

5,187,870.750
125,481.600
416.283
3,493,645.674
1,430,253.050 ^

10,238,214.206

Total

10,237,667.357

Wastage

646.849
SILVER BULLION.

Received:
Settlement bullion, August 4,1908
Settlement bullion, April 1,1909
Silver purchase account San Salvador
Philippine recoinage
Deposits
Redeposits
Clippings
United States coins for recoinage, etc

:

Total
Delivered:
Ingots
Fine bars
Sweeps
Transfer to assay offices, etc..:
Settlement, March 31,1909
Settlement, June 30,1909

3,391,204.88
2,844,691.80
557,148.53
8,127,454.70
419,048.96
48,200.49
7,509,666.61
35,441.44
22,932,857.31

-.

17,798,558.35
255,554.09
6,456.92
240.03
2,844,691.80
2,039,705.94

Total

22,945,207.13

Surplus

12,449.82

The same officer operated upon the following minor coinage metal:
MINOR COINAGE METAL.

Received:
Copper account United States minor coinage
Philippine coins, account Philippine Island recoinage
Clippings
Alloy (zinc and tin)
Settlement bullion, April 1,1909
Total
Delivered:
Ingots
Settlement, March 31,1909
Settlement, June 30,1909

Troy ounces.
583,333.32
648,632.20
508,661.04
• 43,545.82
455,383.78
2,239,666.16
1,316,474.60
455,383.78
461,796.03

Total

2,233,654.41

Wastage

5,901.75
INGOT M°ELTS M A D E .
ConNumber. demned.

Metals.
Gold
Silver
Bronze

. -




.

1,729
10,850
943

5
38

298

REPORT ON THE FlNANCEl^.

Bronze ingots for the coiiiage of American 1-cent pieces and
Philippine 1-centavo pieces were made this year for the first time,
no difficulty whatever being experienced in their manufacture.
^
REFINERY.

The refinery operations were as follows:
GOLD BULLION.

Standard
ounces.
- 1,346,101.961
1,172.585.831

Sent to refinery:
Bullion, no charges
Crude bullion, with charges
Total
Returned from refinery:
Fine gold
Settlement metal

2,518,687.792
I

2,385,081.799
132,915.340

Total

2,617", 997.139

Wastage

690.653
SILVER BULLION.

Sent to refiinery:
Bullion, no charges...
Crude bullion, with charges
Total
Returned from refinery:
Mint fine silver
Settlement metal

98,564.98
1,123,782.05
:

-

1,222,347.03
1,141,330.83
88,047.09

. Total

1,229,377.92

Excess

7,030.89

In addition to the fine gold and silver produced, 90,459 troy ounces
of electrolytic copper were recovered from the crude bullion and
scrap copper used in the refinery operations. As this copper can be
used for alloy for gold and silver coin, and as an arrangement has
been made whereby the refinery will get credit for it, the production
of electrolytic copper will be a source of considerable income for. the
refinery.
During the year we discarded the horizontal system of silver
refining for the vertical, which we find very much cheaper and more
satisfactory in every respect.
All deposits of fine gold assaying less than 999 were sent to the
refinery and rerefined. The large excess in silver is due to the recovery of silver from these deposits.
SWEEP CELLAR.

There were gathered in sweeps 292 barrels, containing 819.880
standard ounces of gold and 5,497.52 standard ounces of silver.
C O I N E R ' S DEPARTMENT.

During the fiscal year ended June 30, 1909, the coiner operated on
4,959,391.800 standard-ounces of gold, 17,568,001.39 standard ounces
of silver, and 1,316,474.60 troy ounces of copper.
He delivered to the superintendent during the same period
2,839,666.250 standard ounces of gold coin, valued at $52,831,000;
9,755,659.52 standard ounces of silver coin, valued at $16,627,114,
and 796,502 troy ounces of copper coin, valued at $53,486.12.




299

DIRECTOR OF T H E M I N T .

Of the above, 557,147.86 standard ounces in silver pesos were
coined for the Government of San Salvador, and 8,775,739.16
standard ounces of silver coin, in pesos and subsidiary, and 654,102
troy ounces of copper were coined for the government of the Philippine Islands.
The following table exhibits the coiner^ s deliveries for the fiscal
year:
Denomination.

-

Total
Silver:
Half d o l l a r s . . . . . . . . .
Quarter dollars
Dirri PS ., ,
.
Total

-.

$50,800,000
1,621,000
410,000
• 52,831,000
281,000
145,000
100,000

2,142,000

'

2,540,000
162,100
82,000

662,000
580,000
1,000,000

"

Value.

2,784,100

Gold:
Double eagles
Eagles
Halfeagles

Pieces.

626,000

Minor: 1 cent

1,424,000

14,240

Total..-

6,350,100

53,371,240

:

;

•

SAN SALVADOR.
Pesos.

Silver: Pesos.

693,170

693,170

Silver:
Pesos..;
50 centavos..
20 centavos..
10 centavos..

14,546,944
1,092,000
705,000
1,740,000

14,546,944.00
546,000.00
141,000.00
174,000.00

Total

.

18,083,944

15,407,944.00

Minor: 1 centavo

3,924,612

39,246.12

P H I L I P P I N E ISLANDS.
Pesos.

The number of pieces coined aggregated 29,051,826. The coinage
of gold for fifty continuous working days amounted to $51,382,500.
The percentage of coin produced from the amount operated upon
waSf: Gold, 58.47; silver, 57.17; copper, 56.15.
From the operation on gold there was an excess of 2.367 ounces
and from the operations-on silver a wastage of 9,391.13 ounces, or
58.55 per cent of the legal allowance.
A few months' trial of the new water-cooled rolling mill, which
was installed during the year, has demonstrated t h a t this roll is
a great improvement OVCT the old machines in lessening the vibration and noise, formerly so objectionable, and iii increasing the
accuracy of the work. The continuous flow of water keeps the roll
cool and at an even temperature, thus preventing the expansion t h a t
was so hard to guard against under the old methods.
The bronze coins manufactured^at this mint during the year were
made on the silver presses. Two new presses for bronze coining are
now being installed to handle this class of work.




300

REPORT ON T H E FINANCES.
NUMBER OF EMPLOYEES.

The total number of employees in this mint at the close of the
fiscal year 1909 was 237, distributed as follows:
Male.

Department.
General '.
Assayers
Melter and refiners
Coiners

Total.

- -

. . ..

_. .

.

'.

85
14
61
38

38

86
14
61
* 76

198

-

Total

Female.

39

237

1

The number of employees during the year approximated 311, but
in June 26 men and 48 women were furloughed.
VISITORS.

During the year 51,038 visitors were shown through the mint.
PERCENTAGE OF L O S S I N MELTING GOLD D E P O S I T S .
Weight before
melting.

Kind of metal melted.
Fiscal year ending June SO, 1907.

Loss in
melting.

Gross ounces.
282,648.15
19,392.96
38,212.61
25,405.08
5,273.64

B ars and kings
Dust.
Retort
Miscellaneous.
Unretorted amalgarn

Per cent
of loss.

Gross
ounces.
293.74
661.72
1,972.84
830.45
3,585.97

0.00103
.03412
.05162
.03268
.67998

520.46
714.02
2,493.56
1,274.73
923.69

.00114
.03638
.05044
.01165
.59250

756.82
857.06
2,427.62
1,362.02
1,405.16

. 00107
.03918
.04995
.01727
. 56301

370,932.44
Fiscal year ending June SO, 1908.
Bat^ p.Tid Vings

454,659.20
19,622.61
49,426.93
109,345.20
1,558.84

...

Dust
Retort
Miscellaneous
Unretorted amalgarn

-, -,

634,612.78
Fiscail year ending June SO, 1909.
Bars and kings
Dust
Retort
Miscellaneous
Unretorted amalga,rn...

702,772.93
21,872.48
48,600.87
78,826.23
2,640.95

1
.....

854,613.46

MINT OF THE UNITED STATES AT NEW ORLEANS, LA.

The standard weight and value of gold and silver deposited at the
mint during the fiscal year was as follows:
Metal.
Gold
Silver

Redeposits.

844
73

. .
Total

Deposits.

.




i

917

1

Standard
ounces.
47,976.813
. 1,452,917.190

Coinage value.
S892,573.14
1,690,667.26
2,583,240. 40

301

DIRECTOR OF T H E M I N T .

There were purchased over the counter 2,745.417 standard ounces^
of uncurrent domestic gold coin, of the face value of $51,793.50 producing in new coin, $51,077.53, showing a loss in recoinage of $715.97;
and 123.33 standard ounces of uncurrent domestic silver coins, of
the face value of $157.30, producing in new coins $153.44, showing a
loss in recoinage of $3.86.
The Treasurer transferred for recoinage uncurrent domestic subsidiary silver coins of the face value of $85,425, containing 63,209.40
standard ounces, producing in new coins $78,643.11, showing a loss
by wear of $6,781.89.
There were deposited 127.777 standard ounces (unrefined) domestic bullion, producing in gold coin $2,377.24.
There were deposited 1,468.88 standard ounces (unrefined) silver"
domestic bullion, producing $1,709.24.
There were deposited 41,679.317 standard ounces (unrefined) gold
foreign bullion, producing in gold $775,429.15.
There were deposited 21,995.43 standard ounces (unrefined) silver
foreign bullion, producing $25,594.68.
The following table shows the countries from which the bullion
was received:
Gold.
Coimtry.

Standard
ounces.

...

. .

Coinage
value.

448. 621
39, 506.139
172.767
1,532.373
19.417

S8,346.43
734,997.93
3,214.27
28, 509.27
361.25

145.10
21,681.'65
40.25
124.37
4.06

$168.84
25,229.56
46.84
144.72
4.72

41, 679.317 .

Mexico
Nicaragua
Honduras
Guatemala
Colombia South America
Total .

Silver.

775, 429.15

21,995. 43

25,594. 68

Standard
ounces.

Coinage,
value.

Foreign gold coin containing 262.173 standard ounces of the coinage
value of $4,877.64 and foreign silver coin containing 19,658.50 standard ounces of the value of $22,875.34 in standard silver dollars was
received.
Gold bullion amounting to 3,069.596 standard ounces and coinage
value of $57,108.63, and silver bullion amounting to 6,469.17 standard
ounces and coinage value of $7,528.39 in standard silver dollars was
obtained from jewelers' bars, old plates, etc.
PERCENTAGE OF L O S S IN MELTING.
Bars and kings.
Dust.......
Unretorted amalgam
Miscellaneous....'

:

. . : . . . . 0.01080
04035
12101o
00837

:

The number of employees during the fiscal year were as follows
(the superintendent and operative officers not included):
Department.
General
Assayers
Melter and refiners
Coiners
Total




Male.

.

~
'-

Female.

Total.

27
3
12
24

37

34
3
12
61

66

44

110

7

302

REPORT ON T H E FINANCES.
ASSAYER'S DEPARTMENT.

The following is the assayer's report of the fineness of the silver
and gold ingot melts passed during the fiscal year 1909:
Fineness.

Fineness.

Melts.

GOLD INGOTS.

899.5
899.7
899.8
900.0
900.1
900.2

Melts.

SILVER INGOTS.

.
-

-

1
1
3
5
1
2

Total
Condemned.

13
4

Total..

17

898.6
898.8
899.1
899.3 .
899.4
899.5
899 7
899.8
900.0

..

43
88
246
51
6
24
1
1
5

- .

Total.
Condemned.

465
4

Total.

469

N U M B E R OF DEPOSITS, PURCHASES, AND B A R S R E C E I V E D AND ASSAYED DURING THE
FISCAL Y E A R 1909.
Classification.

Gold.
844

Total.

74
1,060
15
469

918
1,060
. 62
486
36
12
6
21
5
51
23
3
17

1,033

Deposits
Purchases (fine bars)
Mint bars issued
Ingot melts
Melter and refiners' mass melts .
Superintendents' bars
Coiners' grain bars
Melter and refiners' grain bars..
Assayers' bars
Melter and refiners' fine melts...
Mint bm"eau samples
Transfer orders
Sweeps

1,667

2,700

MELTER AND R E F I N E R ' S DEPARTMENT.

The melter and refiner received and operated upon 163,824.384
standard ounces of gold bullion, and returned at the settlement
148,230.658 standard ounces, showing a surplus of 73.015 standard
ounces. Pie also received and operated upon 4,297,687.35 standard
ounces of silver and returned at the settlement 80,704.95 standard
ounces, showing a gain of 401.82 standard ounces. From 64 barrels
of sweeps there were obtained 68.946 standard ounces of gold and
2,833.69 standard ounces of silver.
The number of gold and silver melts made and the number condemned by the assayer is as follows:
Items.
Gold
Silver

..
Total




Melts.

Condemned.

17
469

4
4

486

8

303

DIRECTOR OF THE M I N T .
M E L T S M A D E DURING THE Y E A R .
Fine gold
Fine silver
Mass melts
Gold deposits..
Superintendent's bars

34
17
-. 31
844
12

Silver deposits
Grain bars
Granulations :
Miscellaneous

:.......

74
21
68
26

REFINERY OPERATIONS.

The weight of gold and silver operated upon in the refinery is
as follows:
standard
ounces.

Items.
Gold bullion '.
Silver bullion

53,934.799
126,064.44

^

Amount of bnllion received from the refinery:
Standard
ounces.

Items,
Gold bullion...
Silver bullion..

53,906.416
126,064.44

Thus showing loss in gold of 28.383 standard ounces and gain in
silver of 913.21 standard ounces.
Silver bullion on which charges were collected contained 35,742.62
standard ounces; silver bullion owned by the Government on which
there was no charge contained 89,408.61 standard ounces; .
.

C O I N E R ' S DEPARTMENT.

During the fiscal year the coiner received and operated upon
4,246,412.60 standard ounces of silver and 14,770.900 standard ounces
of gold.
He manufactured during the same period 2,386,574.875 standard
ounces of silver coin, valued at $2,969,300, and 9,191.250 standard
ounces of gold coin, valued at $171,000, aggregating 10,689,600
pieces, as shown by the following table:
p' '
Denomination.
Gold:
Half eagles
Totalgold.

Value.

-

34,200

-.

.
....

Total coinage




(

$171,000.00

34 200.

'

Silver:
Half dollars
Quarter dollars
Dimes
Total silver

Pieces.

171,000.00

3,667,400
2,912 000
4,076,000

1,833,700.00
728,000.00
407,600.00

10,655,400

2,969,300.00

10,689,600

3,140,300.00

304

REPORT ON T H E FINANCES.

The percentage of coin produced from the amount operated upon
was, silver, 56.20; gold, 62.22.
At the annual settlement of his accounts it was found that there
had been a wastage during the year of 1,037.075 standard ounces
of silver, being 24.42 per cent of the legal allowance, and of gold
0.813 standard ounce, being 11.008 per cent of the legal allowance.
MINT OF T H E UNITED STATES A T D E N V E R , COLO.

The standard weight and value of bullion received during the
fiscal year 1909 was as follows:
Deposits
and purchases.

Metal.

Gold
Silver

.

Redeposits.

"

Total

3,943
1,434

1,206

5,377

-

Standard
ounces.

Coinage
value.

1,862,127.862
1,524,636.63

1,206

$34,644,239.27
1,774,122.61
36,418,361.88

Domestic bulhon, unrefined, carried 496,239.124 standard ounces
gold of a coinage value of $9,232,355.79, and 334,906.50 standard
ounces silver of a coinage value of $389,709.38.
From chlorination and cyanide plants were received 365,537.969
standard ounces gold of a coinage value of $6,800,706.39, and
17,685.52 standard ounces silver of a coinage value of $20,579.51.
Purchases for subsidiary silver coinage aggregated 1,003,642.72
standard ounces of a coinage value of $1,167,875.16 in standard dollars, or $1,248,700.12 in subsidiary silver coin.
Redeposits by United States assay ofiices amounted to 995,471.779
standard ounces gold of a coinage value of $18,520,405.19, and
163,646.61 standard ounces silver of a coinage value of $190,425.15.
There were purchased over the counter during the year gold and
silver coins of a face value, respectively, of $552 and $32.50, and of a
coinage value of $511.52 in gold and $34.88 in subsidiary silver.
PERCENTAGE OP WEIGHT REMOVED IN MELTING.

The following table exhibits the percentage of weight removed in
melting deposits for the year:
Descrintion.
Gold:
Bars
Retorts
Dust
Gold exchanges..
Miscellaneous
Silver:
Bars
Retorts
Dust
Silver exchanges.
Miscellaneous




Weight before melting.

Base removed.

Per centremoved.

Ounces.
710,084.89
184,927:05
2,698.76
931.58
5,267.28

Ounces.
2,360.62
2,643.74
114.29
1.81
62.50

0.0033
.0142
.0423
.0019
.0118

275,793.40
27,900.76
109.54
2,236.68
2,598.28

2,551.39
572.70
14.84
41.35
53.73

.0092
.0206
.1354
.0184
.0206

DIRECTOR OF THE M I N T .

305

The main halls and stairways of this mint building have been very
handsomely decorated, the designs being highly artistic, and several
mural paintings typical of mining, manufacturing, and commerce,
reflecting exceptional talent in conception and execution on the part
of the artist, adorn the vestibule and corridor at the main entrance.
The elaborate carvings of ^patriotic designs on marble slabs over
the main doorway and 13 windows have been completed.
New, and what are believed to be highly effective, ventilating
devices have been installed in the refinery.
v
During the year 91,954 visitors witnessed coinage operations from
the balconies.
OFFICERS AND EMPLOYEES.

The number of oflicers and employees in the mint at the close of
the fiscal year was as follows:
Department.
General
Assayer's
Melter and refiner's...
Coiner's

Men.

•

^
. - - ---

^..

--

-

-

'

Total

. .

.
"

'

•:

Women.

Total.

2

. 62
11
28
28

63

64
11
28
81

129

65

184

•.
•

A S S A Y E R ' S DEPARTMENT.

The operations of this department during the fiscal year 1909 were
as follows:
Number of samples operated on.
Items.
Gold.

Silver.

5,104
32
7

Deposits
Exchange bars
,.
Return bars
Silver bars (special purchase)..
Anode melts..
Mint fine melts
Ingot melts
Consolidated melts
Experimental s a m p l e s . . . . . . . . .
Bullion assay samples
Copper bars
Melter and refiner's grain bars.
Coiner's grain bars
Superintendent's grain b a r s —
Assayer's grain bars
Sweeps lots
.
......
Special assay samples
Forest Service assays

622
11
3
792
676
114
737

144
301
510
3
•519
22
6
20
24
4
14
14
5
130

Total..

Total.

28
4
14
5
107

6,726
43
10
'792
820
415
1,247
3
519
22
6
48
24
4
18
28
10
237

6,859

N U M B E R OF ACTUAL ASSAYS M A D E .
Gold
'.
Silver
Sweeps, lots, and preliminaries.
Forest Service
Ounces of proof gold made
Cupels made
Lead cut and rolled

13518—FI 1909-^

20




:

:
:

:.
,....

34,599
22,491
640
498
145
46,000
.... 46,000

306

REPORT ON T H E FINANCES.
FINE GOLD DETERMINATIONS.

The reported finenesses 'of the refined gold melts during the fiscal
year 1909 were as follows:
Number
of m e l t s .

Fineness.

998.0
998.2
998.7
998.8
998.9
999.0
999 1
999.2

1
1
1
2
• 10
25
24
36

t
"

.-.

•

Number
of m e l t s .

Fineness.

999.3
999.4
999. 5
999.6
999.7
999.8

38
57
68
32
3
3
Total

301

INGOT FINENESSES.

The reported finenesses of the gold and silver ingot melts during
the fiscal year 1909 were as follows:
Number
of m e l t s .

Fineness.

Gold:
899.8
899.9.
900.0
900.1

20
166
298
25

...

Remelted

509
1

.^

Total

510

Silver:
898.6
898.7
898.8

23
54
104

:... .

Number
of m e l t s .

Fineness.

Silv e r — C o n t i n u e d .
898.9
899.0
.
899.1
899.2
899.3
899.4
899.5
899 6
899.7
899 8
899.9
'.'.
900.0

...

:
:
.'

Total

M E L T E R AND R E F I N E R ' S

78
136
77
67
70
34
25
33
16
13
4
3
737

DEPARTMENT.

The melter and refiner received from the superintendent during the
fiscal year 1909:
GOLD ACCOUNT.

In bullion
Returned prior to settlement
Returned at settlement.-

.c

.'

2,716,326.627
246,209.592

Surplus in gold recovered

Standard
ounces.
2,961,626.487
2,962,536.219
909.732

SILVER ACCOUNT.

In bullion
Returned prior to settlement
Returned at settlement
Surplus in silver recovered

i

:

2,766,470.74
201,302.66

2,966,357.37
2,967,773.40
1,416.03

The surplus was recovered from unreported fractions of assays,
from the difference between standard and actual fineness of ingots
delivered, and from fractional gains in weights of deposits.




307

DIRECTOR OF T H E M I N T .

The following melts were made:
Gold.

Melts.

Silver. Gold and Total.
silver.

.'
-

737
114

20

-

-

623
676
25

510
310

-

4,175
144
50

28

5,209

Deposits....
Anodes
Cathode ingots
Sweats
'
Ingots
Mint bars
Slimes
Settlement bars
Miscellaneous

2,203

.;'.

Total . .

176

4,798
820
75
926
1,247
424
550
48
176

1,652

9,064

926
650

Ingot melts condemned: None. Remelts: Gold, 1; silver, none.

The sweeps cellar extracted 1,436.204 standard ounces of gold and
3,199.24 standard ounces of silver, and produced 974 sacks of mill
tailings which contained 324.562 standard ounces of gold and 1,949.86
standard ounces of silver.
Refinery operations, covering a period of nearly ten months, were
as follows:
GOLD ACCOUNT. .

Delivered
Returned
Returned
Returned

to the refinery.
prior to settlement
at settlement m bars
at settlement in sweeps . . .

-

,

Standard,
ounces.
2,042,995.765

:

1,974,442.981
69,087.602
64. 858
—
2,043,595.441

.

Surplus in gold returned.

599.686
SILVER ACCOUNT.

Delivered to the refinery
Returned prior to settlement
Returned at settlement in bars
Return at settlement in sweeps

1,839,604.62
1,729,610.04
109,215.78
521.03
^—1,839,346.85

,

Loss in silver operations

257.77

The refinery also recovered 39.35 ounces of sponge platinum and
1,352 avoirdupois pounds of electrolytic copper.
E A R N I N G S OF R E F I N E R Y .
Charges collected
Surplus bullion recovered
Platinum
Copper

:

TotaL...

:
:

$87,115.17
17,581.54
885.37
199.42
105,781.50

C O I N E R ' S DEPARTMENT.
Q

. .

•

•

•

•

During the fiscal year 1909 the coiner received from the superintendent 2,812,280.060 standard ounces of gold, making therefrom
$35,455,000 in coin, on which there was a wastage of 52.538 standard
ounces, being 3.73 per cent of the legal allowance.
During the same period the coiner receivedfrom the superintendent 3,451,574.05 standard ounces of silver, making therefrom
$2,850,000 in subsidiary silver coin, on. which there was a wastage of
1,201.58 standard ounces^ being 34.81 per cent of the legal allowance.




308

REPORT ON T H E FINANCES.

The following table shows the denomination, number of pieces,
and the value of the coin made.
Denomination.
Gold:
Double eagles
Eagles
Half e a g l e s . . .

Pieces.

Value.

401,250
958,000
3,570,000

- --

Total
Silver:
Half dollars
Quarter dollars
Dimes

-

-

35,455,000

780,000
7,968,000
4,680,000

.

$8,025,000
9,580,000
17,850,000

4,929,250

.
---

..

390,000
1,992,000
468,000

Total

13,428,000

2,850,000

Total coinage

18,357,250

38,305,000

The per cent of coin produced from the amount of ingots operated
on was: Gold, 67.76 per cent; subsidiary silver, 66.37 per cent.
ASSAY OFFICE OF THE UNITED STATES AT NEW YORK, N. Y.

The report on the business of this office for the fiscal year 1909 is
as follows:
Bullion received.
Gold
Silver

Deposits.

....
Total

Redeposits.

10,557
2,375

1
25

12,932

Standard
ounces. •
3,210,774.615
4,883,286.60

26

Coinage value.
$59,735,341.67
5,682,338. 76
65,417,680.43

The gross weight of the above bullion was 7,597,984.99 ounces, a
decrease from last 3^ear of 4,223,140.42 ounces.
The valueof the foreign gold bullion and coin deposited was $11,551,049.93, a decrease from last year of $67,637,342.35.
The value of the domestic gold coin and bullion deposited was
$48,184,291.73, a decrease from last year of $4,419,350.96.
The sources of domestic gold bullion and coin were as follows:
From new production in United States and Territories
For private refineries
From jewelers, bars, plate, etc
From redeposited bullion
From United States gold coin of light weight.
Total

:

$6,430,774.21
37,415,804.31
3,801,527.36
203.70
535,982.15
48,484,291.73

This statement shows a decrease compared with last year in the
amount of gold bullion received from private refineries of $4,151,240.11
and from United States gold coin of light weight of $250,000.12.
Of the fine silver received during the year, 1,443,504.70 standard
ounces consisted of Treasury purchases.
The redeposited silver consisted of 52,138.48 standard ounces, contained in fine bars made at this office, and 29,173.87 standard ounces,
contained in fine Bars made at the mint of the United States, Philadelphia, Pa., and 98.12 standard ounces, contained in unparted bars
made at the United States assay ofl&ce, Deadwood, S. Dak.



DIRECTOR OF THE MINT.

309

The unparted bullion received during t h e year has been transmitted to the United States mint, Philadelphia, Pa., for treatment,
as the parting operations have not been resumed during the year.
The surplus bullion recovered by the melter and refiner in his operations was 735.98 ounces, fine silver, and he incurred a wastage of
110.354 ounces, fine gold.
.
The amount of bullion delivered to and returned by the melter
and refiner to the superintendent during the fiscal year 1909 was as
follows:
Delivered to
melter and
refiner.

Oold
; ilver

• ....

^

^

.

Returned by
melter and
refiner.

Standard oz.
3,305,403.804
5,024,310, 39

Items.

Standard oz.
3,305,281.188
5,025,128.16

'. :

The grains and fiuxes from the deposit melting room yielded
$7,483.61, the sweeps (54 barrels) $5,527.05.
There were stamped during the year 47,434 gold bars and 13,379
silver bars; previous year 50,903 gold bars and 15,451 silver bars.
Gold bars issued to depositors of bullion for domestic use.
Gold bars exchanged for gold coin for domestic use
!

$3,661,870.63
18,968,029.60.

Total gold bars issued for use in the arts, etc

:

22,529,900.37

showing an increase of $2,335,601:64 compared with last year.
The valu'e of gold bars exchanged for gold coin for export was
$17,390,896.26, being a decrease compared with last year of
$23,408,291.70. The income from the exchange of gold bars for gold
coin was $16,692.84.
The force employed in this office at the close of the year comprised
77 men and 2 women, including the .superintendent, assayer, melter,*
and refiner, and others distributed as follows:
'
General department
Melter and refiner's department
Assayer's department
Total

27
39
13
:

..."

79

No actual operations on the new refinery building have taken place
during the fiscal year ended June 30, 1909, but operations are now
under way.
_
^
A S S A Y E R ' S DEPARTMENT.

There were assayed 10,557 melts of gold deposits and 2,375 melts
of silver deposits, a total of 12,932 melts, involving 64,790 assays.
The fine gold and fine silver melts assayed were about 462, and the
fineness was stamped upon 47,434 bars of gold and 13,379 bars of
silver, a total of 60,813.
Special assays numbered 898, being largely samples of articles of
jewelry and manufacturers' samples.
Assays were made on 155 barrels of sweeps and on 140 consolidated melts for shipment to the United States mint at Philadelphia,
Pa., with the usual incidental ones for the melter and refiner, etc.
All proof gold, proof silver, and cupels used were made in this
department.




310

REPORT ON T H E FINANCES.
M E L T E R AND R E F I N E R ' S D E P A R T M E N T .

The melter and refiner received during the fiscal year 1909 the
following metal:
Gross a m o u n t . S t a n d a r d gold. S t a n d a r d silver.

Items.

Total.

S t a n d a r d oz.
240,779.73
3,265,279.12
3,032,334.97
1,300,370.90

S t a n d a r d oz.
94,389.849
3,177,091.973
33,682. 642
239. 340

399.76

7,838,764.72

S e t t l e m e n t m e t a l , J u n e 30,1908.
Gold deposits, J u l y 1,1908, t o J u n e 30, 1909
Silver deposits, J u l y 1, 1908, t o J u n e 30, 1909
Silver purchases
Deposit melting-room grains a n d fluxes, first, second,
and third quarters

S t a n d a r d oz.
140,624. 03
270,873.96
3,168,907.94
1,443,504.70

3,305,403.804

5,024,310.39

The melter and refiner returned during the year the following:
Gold!

Items.

Silver.

Standard oz.
3,203,245.552
628.828
101,338.760
68.048

.

Total...

Standard oz.
4,931,448.12
922.48
92,606.34
151.21

3,305,281.188

Bars
Sweeps
Settlement, June 30, i909:
Bars . . .
"
Sweeps

5,025,128.16

There were received and melted 10,5.57 deposits of gold and 2,375
deposits of silver, producing 47,434 gold bars, 10,857 fine silver bars,
2,522 mint silver bars, and 14,472 unparted bars, containing the
following standard ounces of gold and silver:
Kind of bar.

Gold
Silver:
Fine..Mint . .
Unparted

Gold.

Silver.

Standard oz.
2,144,035.462

Standard oz.

47,434
10,857
2,522
14,472

1,659,216.690

2,219,224.82
1,027,861.26
1,684,362.04

75,285

3,203,245.552

4,931,448.12

Bars.

. . .

Total

There were returned from the melters and delivered to the superintendent as consolidated unparted mint bars: Gold, 302,624.929
standard ounces; silver, 243,265.41 standard ounces.
In the settlement of June 30, 1909, there was a wastage of 122.616
standard ounces of gold and an excess of 817.76 standard ounces of
silver.
The percentage of loss in melting gold deposits was as follows:
Items.

Bars a n d kings
Dust
Retort
Mixed coin
U n i t e d States coin
Miscellaneous




Half year Fiscal y e a r
e n d i n g De- e n d i n g J u n e
cember,
30, 1909.
1908.
0
.
4. 64054
5. 83298
.16418
.07912
1.65110

0.10295
4. 63686
5. 84807
.15964
.06782
1. 64562

DIRECTOR OF T H E
MINT OF THE

UNITED

MINT.

STATES AT

311

CARSON,

NEV.

[Conducted as an assay office.]

The value of the deposits at this mint during the fiscal year 1909
showed an increase of $841,608.97, a gain of over 47 per cent over
those of the previous year. The value of the gold deposited was
$2,552,309.07,. and t h a t of silver $50,380.44. Nearly aU of this
product originated in Nevada. California contributed but 3,820.253
ounces of gold and 1,391.43 ounces of silver, while 30.683 ounces of
gold and 1.77 ounces of silver were received from Alaska. The
greater part of the Nevada product originated in the Goldfield
district.
Deposits of bullion to the number of 1,052 were received during the
year. This was an increase in number of 182 over the previous year.
Seventy-one assays of ore were made, embracing 17 for the Department of Agriculture and 3 for the General Land Office.
The operations of the mint required a total of 5,330 assays. This
number includes deposits, mass melts, bullion and ore assays for
gold, silver, copper, and lead.
P E R C E N T A G E OF L o s s I N M E L T I N G .
Fiscal
year
1909.

Description.

Bars, kings
Dust
Retort
Unretorted amalgam.
Miscellaneous

0.0080
.0857
.0840
: 6442
. 1403

NOTE.—The heavy loss in melting bars, kings, is accoxmted for by the.fact that a large percentage of the
deposits were cyanide bars, containing an excessive quantity -of base metal.
•

•

•.

•

(i

Eight persons (including the assayer in charge), 7 men and 1
woman, comprised the entire force for nine months of the year, and
1 man was added for the last quarter.
The following table shows the amount of deposits, earnings, and
expenditures, and t h e percentage of.net expenses to deposits.
Item.
Deposits:
' Gold...•....-...
Silver (coinage value in standard dollars)

:

Earnings
'...'
Expenditures
.:
.....*..
Percentage of net expenses to deposits, 0.32181.

ASSAY O F F I C E O F

THE

Amount.

..

$2,552,309.07
50,380.44

.'... 1

UNITED STATES AT

$2,602,689.51
4,610.25
12,988.00

^

BOISE,

IDAHO.

During the fiscal year 1909 there were received at this oflSice 1,697
dej)osits of gold bullion, all of domestic production. The States from
which deposits were made are California, Idaho, Montana, Nevada,
Oregon, Utah, and Washington. No silver bullion or coin were
received for assay.
The ainount of deposits shows an increase over those of last year of
$202,219.18.
\ .
:



312

REPORT ON T H E FINANCES.

The weight before melting of the bullion received was 85,252.51
ounces, and after melting 81,766, the average loss in melting being
0.0409.
Mass melting for the year showed a loss of $31, but there was a net
gain on shipments to the mint of $20.10..
PERCENTAGE OF L o s s IN

MELTING.

Half year
endmg
December
31, 1908.

Description.

Bars and kings.
Dust
Retort
Miscellaneous..
Amalgam

Year ending June
30, 1909.

0.0207
. 0670
.0531
.0184
.6367

0.0172
.0695
.0685
.0286
.6701

In addition to the assayer in charge there are 9 men employed at
this institution, viz, a chief clerk, clerk, 2 assistant assayers, an assistant melter, 3 laborers, and a night watchman.
The following table shows the amount of deposits, earnings, expenditures, and the percentage of net expenses to deposits:
Item.

Amount.

Deposits:
Gold
Silver (coinage value in standard dollars)

$1,047,774.02
34,841.96

:

Earnings
,
Expenditures
•..'
Percentage of net expenses to deposits, $0.79908.

-.

$1,082,615.98
4,652.76
13,310.24

ASSAY OFFICE OF THE JJNITED STATES AT HELENA, MONT.

' During the fiscal year 1909 there were received at this, office 894
deposits.
Number of assays made
Number of cui)els manufactured
Inquartation silver manufactured
Total weight of deposits before melting
Average per cent of loss in melting

.•

.'

4,040
9,000
ounces..
144
do
144,065.31
04701

Fifty-two mass melts were made from 704 bars, weighing 28,901.56
ounces, valued at $443,631.93.
Cost of handling bullion was $0.1257 per ounce.
In handling the deposits received at tJiis institution duruig the
fiscal year the following losses and gains were sustained:
1. A loss of $7.72 was incurred in the general department.
2. A loss of $35.85 in shipments to the mint arose from a difference
in the weight at which the bullion was shipped by this institution and
the weight at which it was received by the mint at Philadelphia.
3. A gain of $4.39 was made in mass melts.
4. In the assaying department a gain of $7.13 was made and is
accounted for by taking advantage of the swing of the needle in
weighing the clips from 894 deposits.
5. During the above-mentioned period there were recovered from
sweeps 27.880 standard ounces of gold, and 14 standard ounces of
silver, coinage value of which was $534.98.



313

DIRECTOR OF T H E M I N T .
ORIGIN OF BULLION PURCHASED.
Gold.
Origin.

Standard
ounces.

Silver.
Standard
ounces.

Value.

Coinage
value.

92,947.153 $1,729,249.00
5,607.801
104,331.13
649.693
12,087.30
13.141
244.48
27.880
518.69
130.688
2,431.40
118.487
2,204.41

Total

43,541.28
3,383.01
229.88
.15
14.00
39.32
, 10.81

$50,666.22
3,936.69
267.60
.17
16.29
46.76
12.58

99,494.843

Montana
Other domestic
Foreign
Foreign coin
Deposit melting room grains
Jewelry
--. Redeposits
:

47,218.45

64,945.10

1,851,066.41

There were 13 persons employed at this institution, 11 men and 2
women.
P E R C E N T A G E OF L O S S IN MELTING BULLION D U R I N G FISCAL Y E A R ENDED J U N E

30,1909.
Description.

Bars (cyanide)
Retort..
- .
Dust
Miscellaneous

Weight before melting.

•

Loss.

..

Total

Standard oz.
125,903.95
11,178.22
6,750.30
232.84

Per cent.
0.04763
.04139
.04503
.03714

144,065.31

...

.04701

The following table shows the amount of deposits, earnings, and
expenditures, and the percentage of net expenses to deposits:
Item.
Deposits:
Gold
Silver (coinage value in standard dollars)
Earnings . . .
Expenditures
.
Percentage of net expense to deposits, 0.95016.

"

-

Amount.

$1,851,066.41
64,945.10
$1,906,011.51
4,326.30
22,436.66

A S S A Y O F F I C E O F T H E U N I T E D S T A T E S A T C H A R L O T T E , N . C.

During the year 1909 there were received at this office 229 deposits
of gold bullion, principally from the Appalachian Range.
I n addition to the assays of regular bullion deposits, there were
made 165 assays of ores for which fees amounting to $472.50 were
received.
The weight of bullion before melting was 7,390.51 ounces and
after melting was 7,282.50 ounces, an average loss in melting of
1.46 per cent.




314

REPORT ON T H E FINANCES.
STATEMJENT OF L O S S I N MELTING GOLD DEPOSITS.
Per cent.
0.61
6.74
7.63
35.19
2.67

Bars and kings
Retort
Dust
Unretorted amalgam
Miscellaneous

The force of this oflSice consists of 2 oflBicers, 1 clerk, and 2 laborers.
The following table shows the amount of deposits, earnings, and
expenditures, and the percentage of net expenses to deposits:
Item.
Deposits:
Gold
Silver (coinage value in standard dollars)

,

:

$110,095.85
967.70
$111,063.55
1,166.06
4,494.29

Earnings
Expenses
Percentage of net expenses to deposits, 2.99068.

ASSAY

OFFICE

OF THE

UNITED

STATES

AT ST. LOUIS,

MO.

The value of the gold and silver bullion deposited at the United
States assay office, St. Louis, Mo., during the fiscal year 1909,
amounted to $554,588.53, showing a gain of $112,303.30 in the value
of deposits compared with the year 1908.
There were 314 deposits of bullion received, which were melted and
assayed; 47 special bullion assays made (for which a charge of $2 each
was collected), and 35 special assays of dres for gold and silver (for
which a charge of $3 each was imposed).
The bullion weighed 30,805.86 troy ounces before melting and
30,695.70 troy ounces after melting, an average loss of 0.00357 per
cent. The following table shows the losses per cent in melting the
various classes of bullion deposits:
Fiscal year
ended
June 30,
1909.

Description.

Mutilated and uncurrent United States coin
Bars, kings
Retort
Placer
Jeweler's, dentist's scrap and waste gold leaf, etc

0. 00058
.00150.
. 01879
. 04612
.03079

The following table shows the amount of deposits, earnings, and
expenditures, and the percentage of net expenses to deposits:
Item.

Amount.

Deposits:
Gold
Silver (coinage value in standard dollars)
Earnings
Expenditures
Percentage of net expenses to deposits, 0.54622.




$553,686.47
902.06
•

$554,588.53
676. 73
3,706. 05

DIRECTOR OF T H E
ASSAY O F F I C E O F T H E U N I T E D

315

MINT.

S T A T E S , A T D E A D W O O D , S. D A K .

There were deposited in this office during the fiscal year 1909, 277
deposits of gold bullion, all from the Black Hills of South Dakota,
valued at $1,329,965.43^ consisting of 65,368.316 standard ounces of
gold and 97,212.51 standard ounces of silver.
Number of bullion assays determined
.,
Number of button assays determined
,
:
,
Number of ore assays, gold and silver, determined
;
Number of ore assays,' copper, determined
Number of ore assays for gold and silver determined for Forestry Department.
Number of ore assays for tin for Forestry Department
Number of ore assays for copper for Forestry Department
Number of ore assays for silica, iron, and lead for Forestry Department
Number of ore assays for gold and silver for United States Geological Survey^
Number of ore assays for tin for United States Geological Survey
Number of ounces of quartation silver manufactured.
Number of cupels manufactured
Total weight of deposits before melting (ounces)
Total weight of deposits after melting (ounces)
Per cent of average loss in melting.
Average cost in handling bullion melted and assayed was $0.0371 per ounce.

334 .
5
30
3
108
9
3
3
21
10
17^
3.775
167,883. 45
166,385.21
.892

The deposit melting room grains for the year amounted to $659.97.
A loss of $92.88 in shipments to the mint, due to difference in weight
and assays.
Deposits classified as follows show the following results:
Average fineness.
Number.

Kind.

Gold.

Bars, kings
Dust
Retort
Old jewelry

.•

262
8
6
1

Silver.

0.3925
.9105
.627
.463

0.473
.084
.309
.137

Loss in
melting.

Per cent.
0.87
.408
7.56
1.119

The office force consists of 5 men.
The following table shows the amount of deposits, earnings, and
expenditures, and percentage of net expenses to deposits:
Items.
Gold....
Silver (coinage value in standard dollars)
Earnings
Expenditures
Percentage of net expenditures to deposits, 0.40266.

ASSAY O F F I C E O F T H E

Amount.
$1,216,795.57
113,169.86
.

UNITED STATES AT SEATTLE,

$1,329,965.43
2,372.88
7,728. 24

WASH.

There were received at this office during thefiscalyear 1909, 2,059
deposits of gold and 2 redeposits.
Number of bullion assays determined
-.
I Number of ore assays and analyses determined for the Forestry Department
Number of special bullion assays received
,
'.
^
Number of return bars
Number of ounces of quartation.silver manufactured
Number of cupels manufactured
Total weight of deposits before melting (ounces)
Total weight of deposits after melting (ounces)
•
.Average'percentage loss in melting




6, OOO
265
21
7
400
15,000
1,075,323.18
1,072,248.38
.285

316

REPORT ON THE FINANCES.

There were 1,141 bars, each below 300 ounces, massed into 58
larger bars, the total weight of which was 54,517.57 ounces. The
gain in weight from massing these bars was 2.41 ounces, showing an
average gain of 0.0021 of an ounce on each deposit.
Average cost of handling bullion melted and assayed was $0.0397
per ounce.
A net loss of $381.30 resulted from the operations of the year, the
source of same being as follows:
1. A loss of $176.32 in the melting department. This loss is due
to the fact that depositors are allowed full weight for the granules
or pannings from each deposit, whereas these granules almost invariably run lower in fineness than the bar and also contain more or
less sla^.
2. A loss of $116.55 in the assay department, the greater part of
which undoubtedly arises from the clipping of bars.
3. A gain of $218.13 in the general department, this gain being
the result of two years' accumulation of grains swept from trucks
and from the packing-room floor. This includes only bulhon for
which the depositor has been paid, consequently should be shown
as a gain in the general department. The truck sweepings accruing
from bars which have not been weighed after melting are not included
in this amount.
4. A gain of $1.56 in mass melts. The gain from the swing of the
needle in massing the 1,141 bars netted a gain of about $43, but loss
in assay practically canceled this gain.
5. A loss of $308.12 in shipments to the mint, due entirely to
difference in assays.'
The loss in shipments to the mint was made up from the gains in
charges. The net loss in operations within the office, amounting to
$73.18, was made up from bullion recovered from melting-room slag.
The deposit melting-room grains for the year amounted to $664.33,
but none of this amount was taken to reimburse losses.
The slag from the melting room foT years 1908 and 1909 was
reduced in a small smelting furnace erected for that purpose, but
the resulting bullion was so largely iron t h a t satisfactory assays
could not be obtained. I t will be necessary to refine this metal with
air, but the work has been delayed, owing to lack of proper tubing to
insert in the molten metal. Electro-quartz tubing proved to be unsatisfactory with this very base bullion. I n two hours' refining
about 2 feet of the tubing was eaten away by the oxides and 50
ounces of iron were removed. Three hundred ounces of metal were
treated. For use in treating good grade bullion the electro-quartz
tubing should give excellent satisfaction. The work of refining this
bullion will be continued as soon as fire-clay tubes can be delivered.
Of the 2,061 deposits received, the entire number were deposits
of gold bullion, 2,035 being crude and 26 refined. Only one of the
refined bars was of domestic production, the other 25 coming from
refineries of British Columbia.
The number of employees at the end of the fiscal year was 30 (all
male), but for seven months of the year only 25 were employed.
'




317

DIRECTOR OF T H E M I N T .

STATEMENT OF GOLD BULLION DEPOSITED AT THE U N I T E D STATES ASSAY OFFICE,
SEATTLE, W A S H . , DURING THE FISCAL Y E A R ENDED J U N E 30, 1909.

Gold.

Source.

Total coining
value.

Silver.

Standard oz.
871,203.214
13.294
107. 039
.987
1,022.461
49.382
7.483
615.710
609.737
68,425.235
85,572.427
7.367
4.373
3.992
939.821
35.573
3.596

Grand t o t a l : . . . .

151,898.30
1.96

19,313,901.13
151.84

1,028,629.730

Total
Redeposits

Standard oz.
120,358.76
52.70
25.77
- .25
- 319.69^
372.65
1.94
64.21
285.86
9,750.5320,351.21
17.86

1,028,621.691

Alaska
:..,
Arizona
California
- —
Colorado
Idaho
Montana
Nevada
-Oregon
Washington
British Columbia
Yukon territory.
Mexico
:
Mutilated domestic gold coin
Foreign gold coin
Jewelers' bars, old plate, etc.
Deposit melting-rt)om grains.
Unclassified (refined).

151,900.26

19,314,052.97

!91.54
5.33

$16,348,484.71
308.65
2,021.41
18.66'
19,394.63
1,352.36
141.48
11,529.79
11,676.58
1,284,373.70
1,615,726.56
157.85
81.36
74.27
17,824.29
668.04
66.90

The receipts from the different districts of Alaska are shown in the
following table:
. Gold.
Source.

'

Silver.

Standard
ounces.

.*

Total

3,434.968
2,971.033
7,683.191
579.542
9,422.104
284,387.555
9,964.722
552,760.099

$63,906.38
55,275.03
142,943.09
10,782.18
175,294.96
5,290,931.26
185,390.18
10,283,907.81

770.66
495.01
848.88
109.44
543.95
31,188.24
1,967.61
84,434.97

$896.77
576.01
987 79
127.35
632.96
36,291.76
2,289.68
98,251.60

871,203.^214

Circle
Cooks Inl^t
Conner River
Eagle
Koyukuk
Nome
Southeast Alaska
Tanana
^

Coining
value.

16,208,430.89

120,358.76

140,053.82

. Standard
ounces.

Coining
value.

STATEMENT OF GOLD DEPOSITS FROM OPENING OF T H E INSTITUTION ON J U L Y 15,
1898, TO THE CLOSE OP B U S I N E S S J U N E 30, 1909.
Number of deposits
Weight:
Troy ounces
Avoirdupois tons
Coinage value..

44,170
10,411,254.83
356.8
: . . . . . . . $177,923,698.39,
O R I G I N OF THE F O R E G O I N G .

Nome, Alaska, United States
Tanana, Alaska, United States
Balance of Alaska, United States

•

,

Total for Alaska, United States
British Columbia, Canada
Yukon territory, Canada
Washington, Oregon, and other States
Total




$38,211,969.89
32,341,426.87
7,712,758.67
78,266,155.33
11,206,284.69
86,464,794.66
1,987,463.81

,....

177,923,698.39

318

REPORT ON T H E FINANCES.

The following table shows the number of each kind of deposit
and the average percentage loss in melting each kind:
Average perNumber of centage loss
deposits of in melting
each.
during year
1909.

Description.

Bars and kings
Dust
Retort
Miscellaneous
Domestic coins

.

'

1,077
611
174
193
9

'

0.048
3.892
6.704
7.331

The following table shows the amount of deposits, earnings, and
expenditures, and the percentage of net expenses to deposits:
Items.

Amount.

Deposits:
Gold
Silver (coinage value in standard dollars)

$19,137,296.31
176,830.98

Earnings
Expenditures
Percentage of net expenses to deposits, 0.09923.

$19,314,127.29
25,503.08
44,669.29

:

As in previous reports, attention is again called to housing this
office in a new building. Other assay offices doing but a fraction of
the annual business are comfortably located in buildings of their
own, and the prospect of a rapid increase in population and values
of real estate in this city wouM seem to point to this as an opportune
time to secure a location and erect a building.
ASSAY OFFICE OF THE UNITED STATES AT SALT LAKE CITY, UTAH.^

There were received at this office during the fiscal year 1909, 130
deposits of gold.
Number of bullion assays determined
Number of cupels manufactured
Total weight of deposits before melting
Total weight of deposits after melting
Average percentage of loss in melting

•

,

350
7,000
ounces.. 49,413.75
do
49,295.40
0.239

These were 76 bars, all under 300 ounces in weight, massed into
seven larger bars, the total weight of which was 1,958.30,ounces.
The gain in weight from massing was 0.11 ounce, showing an average
gain of 0.0014 of an ounce on each deposit.
The average cost of handling bullion melted and assayed was
$0.31197.
A net gain of $44.01 resulted from the operations of the year,
the source being as follows:
1. Loss of $18.58 in the assaying department, due to the clipping
of bars, and also to the fact that depositors are allowed full weight
for the granules, while the granules are lower in fineniess than the
bar. The granules are delivered to the assayer and put into his
chips bar.
oInstitution opened on February 1, 1909, to June 30, 1909,



319

DIRECTOR OF T H E M I N T .

2. Gain in shipments to the mint of $48.26.
3. Gain in massing bars of $14.33.
The deposit melting-room grains fpr the year amounted to $41.52.'
Of the 130 deposits received, the entire number were gold bullion
crude, and all of domestic production, except one from Australia.
STATEMENT OF GOLD B U L L I O N D E P O S I T E D AT THE U N I T E D STATES A S S A Y OFFICE,
S A L T L A K E C I T Y , U T A H , 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,
1909.

Gold.

Source.

Value.

Silver.

Coinage
value.

Standard
ounces.
2.602
$48.41
8.581
159.65
47. 238
878.84
254.74
13.693
716.00
38. 485
9,775. 389 181,867.66
L803
33.54
184.69
9. 927
17,386.732 323,474.02
3.991
74.25
11. 253
209.36
109. 407
2,035.46
2.190
40.75
.927
17.25

Total

Standard
ounces.
0.26
3.87
.89
3.60
1.49
21,268.19
1.07
1.12
241.60
.45
.26
19.27
L64

$0.30
4.60
1.04
4.19
L73
24,748.44
L26
1.30
281.02
.62
.30
22.42
1.91

27,412.218

Alaska..
Arizona.
California
Colorado;
Idaho
Nevada
Oregon
1
South Dakota
Utah
Wyoming
Austi:alia
Jewelers' bars
Deposit nielting room grains
Precipitation..,

21,543.61

25,068.92

609,994.62

Total receipts, coinage value, $535,063.54.

All above unrefined. No refinery bars, and no redeposits received.
The last item, which is shown as ^'Precipitation/' was a deposit of
gold which was precipitated from solution found in'the laboratory of
a coin sweater, who was arrested here.
The following table shows the number of each kind of deposit, and
the average percentage loss in melting each kind:
Number of
deposits.

Description.

\
Bars and kings
Retort
Miscellaneous

.*

102
3
. 25

Average
loss.
Per cent.
0 132
3. 866
I 278

The number of employees at the end of the fiscal year was seven,
all males; but from March 15 to May 12, 1909, there were eight.
The following table shows the amount of deposits, earnings, and
expenditures, and the percentage of net expenses to deposits:
Items.

Amount.

Deposits:
Gold
:
Silver (coinage value in standard dollars)
Earnings
Expenditures
Per cent net expenses to deposits, 2.85509.




$509,994.62
25,068.92
w

$635,063.54
791.96
16,068.64

320

REPORT ON T H E FINANCES.

SUMMARY OF OPERATIONS, WASTAGE, AND LOSS, FISCAL YEAR 1 9 0 9 .

'

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, Seattle, and Salt Lake City. 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.
OPERATIONS.

The quantity of precious metals operated upon in the different
departments of the mints and assay office at New York during the
fiscal year 1909 aggregated 27,292,233 standard ounces of gold and
74,028,139 standard ounces of silver.
The figures in the table following are the actual figures as obtained
at the settlement of the accounts of the officers in charge. The
figures in the article showing the operations of each mint or assay
pffice are for the entire fiscal year up to June 30.
GOLD.

Institution and
department.

Legal
Amount
Amount
delivered allowance returned to
superinby superin- made on
amount
tendent. delivered. tendent.

Standard
ounces.
3,332,697.306
Mpltpr and rpfinpr..
Coiner
2,340,380.115
San Francisco mint:
M^lt-Pr and rpfinpr.. 10,238,214.206
Coiner
5,290,627.698
New Orleans mint:
Melter and refiner.. 163,824.384
Coiner
. . .
14,770.900
Denver mint:
Mpltfr a n d rpfinpr.. 2,961,626.487
Coiner
2,812,280.060
New York assay oflice:
M^ltf^r a n d rpfinpr,. 3,305,403.804
Philadelphia mint:

Total:
Melter

and

rpfinpr

Coiner
Grand total




Amount
operated
upon.

Loss of
Actual
Surplus. wastage. legal allowance.

Standard Standard
Standard Standard Standard
ounces.
ounces.
ounces.
ounces. ounces. Per cent.
3,332.697 3,333,172.817 4,199,451.496
475.511
1,170.190 2,340,319.923 2,242,109.995
60.192
5.144
10,238.214 10,237,667.357 7,881,371.902
2,645.313 5,290,630.065 4,959,391.800
163.824
7.385

163,897.399
14,770.087

2.367

163,897.399
14,770.900

73.015

2,961.626 2,962,536.219 2,814,962.180
1,406.140 2,812,227.522 2,812,280.060

909.732

3,305.403 3,305,281.188 3,203,996.996

546.849

5.341

.813

11.613

52.538

3.736

122.616

3.709

^

20,001,766.187 20,001.764 20,002,554.980 17,263,679.973 1,458.258
10,458,058.773 5,229.028 10,457,947.597 10,028,552.755
2.367

569.465
113.543

30,469,824.960 25,230.792 30,460,502.577 27,292,232.728 1,460.625

683.008

321

DIRECTOR OF THE M I N T .
SILVER.

Institution and
. department.

Amount
delivered
by superintendent.

Standard
ounces.
Philadelphia mint: ,
Melter and refiner . 10,868,012.24
.6,756,883.29
Coiner
San Francisco mint:
Melter and refiner.. 22,932,757.31
18,466,408.61
Coiner
New Orleans mint:
Melter and refiner.. 4,297,687.35
Coiner . . . . . . . . . 4,246,412.60
Denver mint:
Melter andrefmer.. 2,966,357.37
Coiner
3,451,574.05
New York assay office:
Melter and refiner.. 5/024,310.39

Legal
Aniount
allowance returned td
made on
superinamount
delivered. tendent.

Amount
operated
upon.

Loss of
Actual
Surplus. wastage. legal allowance.

Standard Standard
Standard Standard Standard
ounces.
ounces.
ounces.
ounces. ounces. Per cent.
16,302.02 10,862,727.65 10,337,026.10
5,284.59
32.465
6,756.88 6,756,759.92 6,568,728.99
1,123.37
16.627
34,399.13 22,945,207.13 19,714,157.21 12,:449.82
18,466.40 18,457,017.48 17,568, OOL 39
6,446.52 4,298,089.17 4,298,089.17
4,246.41 4,245,375.53 4,246,412.60
4,449.53 2,967,773.40 2,911,778.69
3,451.57 3,450,372.47 3,451,574.05

1,416.03

7,536.46 5,025,128.15 4,932,370.60

9,391.13

50.942

401.82

817.76

1,037.07
.I,20L58

34.800

Total:
Melter and
refiner...... 46,089,124.66 69,133.66 46,098,925.50 42,193,421.-77 15,085.43 5,284.59
Coiner
. . . 32,921,278.55 32,921.26 32,908,525.40 31,834,717.03
12,753.15
Grand total

79,010,403.21 102,054.92 79,007,450.90 74,028,138.80 15,085.43 18,037.74

INGOTS MADE AND COIN PRODUCED.

The melts made foT ingots and the percentage of coin produced
were as follows:
Gold.

Silver.

. Melts of gold
ingots.

Percentage Melts of silver
ingots.
of finished
coin produced from
ConConMade. demned. ingots oper- Made. demned.
ated upon.

Coinage mints.

Philadelphia... i
San Francisco.
New Orleans
Denver

6
4

2,673

'...

Total

417
1,729
17
510

9

47.29
58.47
62.22
67.76

1,839
10,850 .,
469
737'

2
38

13,895

Percentage
of finished
coin produced from
ingots operated upon.

40

58.41
57.17
66.20
66.37

WASTAGE AND LOSS ON SALE OF SWEEPS AND GAINS FROM OPERATIONS.

The value of the precious metals wasted in the metallurgical and
mechanical departments was $23,833.52. A loss of $9,263.95 occurred
from the difference between the assay value of the bullion contained
in sweeps sold and the amount received for the same, as described in
the following table.
13518—FI 1909

^21




322

EEPOET ON T H E FINANCES.
Mint a t - .
Items.

San
New
Philadelphia,
Francisco. Orleans.

Assay
oflSce at
Denver. NeivYork.

Total.

4,894.31
2,956.75

$15.12
476.98
1,007.94

$977.45
556.90
1,381.83

$2,281.22 $12,455.15
2,752.62
2,112.42
6,513.33
705.63 9,263.95

7,669.41

Melter and refiners' gold wastage
Melter and refiners' silver wastage
Coiners' gold wastage
.
Coiners' silver wastage
Loss on sale of sweeps

18,024.99

1,500.04

2,916.18

2,986.85 33,097.47

1,500.04

2,233.33

21,782.66

$2,752.62
. . . 1,119.85
585.14
3,211.80

Total
Paid as follows:
From contingent appropriation
From parting and refining appropriation

$10,173.93

13,253.73
4,771.26

7,669.41

Total .

4,795.56
2,873.85

18,024.99

11,314.81

682.85 2,986.85
1,500.04

2,916.18

2,986.85 33,097.47

The wastage and losses aggregated $33,097.47. Against these losses
there were gains arising from the operations in bullion amounting to
$70,798.79, as follows:
Fiscal
year 1909.

Character of gains.
Surplus bullion returned by operative oflficers
Precious metals received in grains and sweeps
Gains on bullion shipped from the minor assay offices to the mints for coinage.

$34,829.99
32,634.76
3,334.04

Total

70,798.79

Deducting the incidental gains on bullion from the value of the
total operative wastage and loss on sale of sweeps, there has been a
net gain in the operations of the mints during the fiscal year of
$37,701.32.
RECEIPTS AND DISPOSITION OF GOLD BULLION, FISCAL YEAR

1909.

RECEIPTS.

The receipts of gold bullion at the mints and assay offices aggregated $192,305,855.25, as shown by the following table:
Deposited.
Institution.
Deposits.

Philadelphia...!
San Francisco
New Orleans
Denver
NewYork.
Carson
'.
Helena
Boise
Charlotte
St. Louis
Deadwood
Seattle
Salt Lake
Total

Redeposited.

Surplus
Uncurrent
bullion
United States recovered.
coin-transferred for
recoinage.

Receipts from
assay oflQces.

$1,669,417.15 $2,127,796. 81 a$1.329.87 $25,244,408.14
38,006, 434.51
6,846.61 b 1,557.28
2,989,665. 94
890,870.19
c1,712. 35
16,104,446.82
19,387.25
18,520,405.20
59,735,341. 67
7,217.14
2,551,871. 90
437.17
1,850,547.72
518. 69
1,047,220. 42
553. 60
110,048. 04
47.81
553,629. 95
56.52
1,216,155.39
640.18
19,136,634. 47
661.84
. 609,953.87
40.75
143,382,572.10

2,134,643. 42

34,160. 45

46,754,479.28

a Of this amount $248.68 was gain on United States light-weight coin melted.
b Of this amount $2.13 was gain on United States light-weight coin melted.
c Of this amount $9.40 was gain on shipments to Philadelphia mint.




Total.

$29,042,951.97
41,004,504.34
892,582.54
34,644,239.27
59,742,558.81
2,552,309.07
1,851,066.41
1,047,774.02
110,095.85
• 553,686.47
1,216,795.57
19,137,296. 31
509,994.62
192,305,855.25

323

DIRECTOR OF THE M I N T .
DISPOSITION.

The disposition of gold bullion contained in the above table is as
follows:
S h i p p e d to
B a r s p a i d t h e m i n t for
depositors.
coinage.

Institution.

Sold i n
sweeps.

Bars
exchanged
for coin. .

Coinage.

Wastage.

Total.

$44,140.54 $9,000,465.95 $19,723,092.50 $30,432.93 $29,069,532.01
P h i l a d e l p h i a . . . . $271,400.09
7,761.35 2,307/836.65 52,831,000.00 10,173.93 55,183,476. 61
26,704. 68
San Francisco..
171,000.00
15,384.06 "'$i5,'278."7i 1,805.62
20.60
203, 488. 99
10,616.29
' 14,184. 42
35, 455,000.00
977. 45 35,480, 778.16
Denver
3,561,870.67 20,444,833. 41 11,699.12 36,358,925.89
2,281.22 60,379,610.31
1,059. 78 2; 617,537. 84
2,618,597.62
Carson
2,203.41 1,848,348. 02
1,850,551.43
1,049,018.97
1,049,018.97
Boise
109,707.85
. 110,095.85
388. 00
Charlotte
537,313.04
537,313.04
St. Louis
1,240,150.11
Deadwood
1,240,150.11
1,632.14 18,458,233.33
Seattle
18,459,865. 47
434,364.82
Salt L a k e . . . . . . .
434,396.73
31. 91

..

T o t a l . . . . . 3,894,827.25 46,754,786.10 76,022.92 47,667,228. 49 108,180,092.50 43,918.04 206,616,875.30

BALANCES, RECEIPTS, AND DISBURSEMENTS.

Balances of gold bullion on hand June 30, 1908, and receipts,
disbursements, and balances, June 30^ 1909, at the mints and assay
offices are shown in the following table:
•
B a l a n c e on
h a n d J u n e 30,
1908.

Tnstitution.

Philadelphia
S a n Francisco
N e w Orleans
Denver..'
New York .
Carson
Helena
Boise
Charlotte .
St. Louis
Deadwood
Seattle
Salt L a k e
Total

..

. ,.
. . .

Receipts during t h e fiscal
1909.

$16,737,483.02
45,987,659.68
2,070,007.11
5,811,333.18
7,868,296.01
135,726.88
84,887.82
38,785.26

$29,042,951.97 $45,780,434.99 $29,069,532.01
41,004,504.34
86,992,164.02
55,183,476.61
2,962,589. 65
892,582.54
203,488.99
34,644,239.27
40,455,572.45
35,480,778.16
67,610,854.82' 60,379,610.31
59,742,558.81
2,688,035.95
2,552,309.07
2,618,597.62
1,935,954.23
1,851,066.41,
1,850,551.43
1,047,774.02
1,086,559.28
1,049,018.97
110,095.85
110,095.85
110,095.85
589; 420.86
553,686.47
537,313.04
1,216,795.57 . 1,267,317.33
1,240,150.11
20,288,108.62
19,137,296.31
18,459,897.38
509,994.62
509,994. 62
434,364.82

35,734.39
50,521.76
1,150,812.31
79^971,247.42

192,305,855.25

Disbursements
d u r i n g fiscal
year 1909.

Total.

272,277,102.67

B a l a n c e on
J u n e 30, 1909.

$16,710,902.98
31,808,687.41
2,759,100.66
4,974,794.29
7,231,244.51
69,438.33
85,402.80
37,540.31

206,616,875.30

^

52,107.82
27,167.22
1,828,211.24
75,629.80

65,660,227.37

COST OF MAINTENANCE.

The deposits, earnings, and expenditures of the minor assay
officesVduring the fiscal year 1909 were as follows:
Institutions.




Earnings.

Expenditures.

1,052
1,697
894
229
314
277
2,059
130

Carson
Boise
Helena
Charlotte
St. Louis
Deadwood
Seattle
Salt L a k e City (since F e b . 1,1909)
Total

V a l u e of
deposits of
gold a n d
silver.
$2,602,-689.51
1,082,615.98
1,906,011.51
111,063.55
554,588.53
1,329,965.43
19,314,127.29
635,063.54

$4,610.25
4,652.76
4,326.30
1,166.06
676.73
2,372.88
25,503.08
791.95

$12,988.00
13,310.24
22,436.56
4,494.29
3,706.05
7,728.24
44,669.29
16,068.54

6,652

27,436,126.34

44,100.01

125,401.21

Number
of deposits.

,

...

Percentage
of n e t expenses t o
deposits^
0.32181
.79968
.95016
2.99668
.54622
.40266
.09923
2.85509

324

REPORT ON T H E FINANCES.
FREIGHT CHARGES ON BULLION AND COIN.

The freight charges on bullion shipped to the mints by the assay
offices and on coin shipped from the mints to the assay offices during
the fiscal year 1909 aggregated $55,756.69.
MOVEMENT OF GOLD FROM THE PORT OF N E W YORK.

The superintendent of the United States assay office at New York
has prepared the following tables, giving exports of gold through the
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 N E W Y O R K TO E U R O P E DURING THE FISCAL Y E A R ENDED J U N E 30, 1909.
Rate of
Amount. exchange.

Country.

Date.

•

July 15
July 31
October 20
October 27
November 4
November 16
December 2
December 11
December 22

1908.
.

January 8
January 12
March 9
March 8
March 12
March 16
March 19
March 19
March 22
March 23
April 23
May 3
May 12
May 17
Do
May 19
May 29
June 2
June 25
June2S

:

France
England
do
.do
do
...do
France
.. .do
do

.

1909.
"

.

. . .do
do
England
Netherlands
England
do
. . . .do
do
. .do
do
France
do
. do
do
Netherlands
France
Netherlands..
France
..:..do
Netherlands

!

. . .
;:

'.
.

.

.

Total

$1,040,000
325
4,243
7,275
3,820
. . ..
3,915
1.504,025
4;000,500
699,010

$4.8715
4.869
4.865
4.8655
4.860
4.859
4.8675
4.869
4.871

1,900,000
3,520,000
1,420,000
120
2,000,000
1,000,000
300,000
3,000,000
5,300,000
• 750,000
2,021,000
1,147,493
896,000
1,034,000
2,000,000
1,500,739
50
885,000
977,000
2,000,000

4.872
4.875
4.882
4.883
4.881
4.8820
4.8825
4.8825
4.883
4.8825
4.875
4.8755
4.8775
4.878
4.878
4.8785
4.8785
4.8785
4.8815
4 881

... .

38,914,515

*
RECAPITULATION

OF GOLD EXPORTS TO E U R O P E .

Classification.
United States coin
.
Foreign coin
United States assay office bars
Other bullion
Total..."

France.

. . . .

.

Grand total of exports to Europe

.

$12,350,325
188,120
1,420,000
19,253

$4,000,170

21,124,767

...

.

$3,310,000
17,814,767

.

..

England.

Netherlands.

13,977,698

4,000,170

.•

$39,102,635

During the same period there were shipped to West Indies, Mexico,
Central and South America, Cuba, etc., the following:
United States coin

:

Foreign coin
Total gold exports to other ports
Grand total of gold exports




$26,877,230
1,728,050
"... $28,605,280
67,707,915

325

DIRECTOR OF T H E M I N T .

The imports during the same period were as follows:
$2,607
2,078,029
236,984
22,319

From other ports (West Indies, Mexico, Central and
South America, Cuba, etc.):
United States coins
$330,215
Foreign coins
207,710
Bullion
2,718,495
In ore and base bullion
^
603,859

Total gold imports from E u r o p e . . . 2,339,939

Total gold imports from other ports. 3,860,279

From Europe:
United States coins
Foreign coins
Bullion
Bullion in ore, etc

Grand total of gold imports

6,200,218

The copper matte exported during the same period is said, to have
contained no gold and silver.
NET EXPORTS UNITED STATES GOLD COIN.

The net exports of United States gold coin since January 1, 1870,
are as follows:
Period.

Imports.

J a n . 1 to-July 1, 1 8 7 0 . . . .
Fiscal year—
1871....
1872....
1873
1874 .
. . . . . .
• 1875
1876
1877
$7,325,783
1878
3,654,859
1879
1880. .
.
. - 18,207,559
^
7,577,422
1881
1882
4,796,630
8,112,265
1883
3,824,692
1884
3,352,000
1885
1,^687,231
1886
5,862,509
1887
..'/.
5,181,512
1888
1889. . . .
. . . . 1,403,619
1,949,552
1890
2,824,146
1891.

$6,384,250
55,491,719
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
67,704,900

Imports.

Period.

Exports.

Fiscal y e a r — C o n t ' d .
1892..
1893
1894
1895
1896.
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906 . •
1907
1908
1909

$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
3,311,1053,870,320
1,519,756
5,780,607
2,236,399
35,251,921
44,445,402
44,929,518
4,642,690

$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
22,632,283
28,246,170
66,126,869

409,746,891

Total....

.

i, 101,493,600

Net exports

. STOCK OF MONEY IN THE UNITED

Exports.

691,746,709

STATES.

On June 30, 1909, the stock of domestic coin in the United States
was $2,302,592,169, as shown by the following table:
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,
Items.

Gold.

•

E s t i m a t e d stock of coin J u n e 30,1908
N e t i m p o r t s U n i t e d States coin fiscal y e a r 1909
U n i t e d States coin r e t u r n e d i n t r a n s p o r t s from t h e Philipp i n e I s l a n d s n o t recorded a t t h e custom-house, fiscal year
1909
Coinage, fiscal year 1909

$1,535,169,328

Total.
.. . . :
Less:
U n i t e d States coin m e l t e d for recoinage (face v a l u e ) . . .
U n i t e d States coin e s t i m a t e d t o h a v e b e e n used i n t h e
arts
N e t e x p o r t s U n i t e d States coin, fiscal year
Total.

.

E s t i m a t e d stock of coin i n t h e U n i t e d States J u n e 30,1909..

1

Silver.

1909.
Total.

$715,615,595
2,006,683

$2,250,784,923
2', 006,683

108,180,093

0 46,498
11,093,810

46,498
119,273,903

1,643,349,421

728,762,586

2,372,112,007

3,458,338

977,321

4,435,659

3,500,000
61,484,179

-

100,000

3,600,000
61,484,179

68,442,517
1,574,906,904

1,077,321
727,685,265'

69,519,838
2,302,592,169

a Of this amount $18,200 were in $1 pieces.
NOTE.—The number of standard silver dollars coined to June 30, 1909, was 570,272,610, which added to
the Hawaiian dollar coinage, 500,000, plus the number imported from.the Philippine Islands, 150,000,
and the number returned in government transports from the Philippine Islands, 491,930, equals 571,414,540.
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 188,003 (see p; 261); and the number of Hawaiian dollars melted to
June 30, 1909, has been 454,818, a total disposition of 3,137,821, leaving in the United States on June 30,
1909, 568,276,719 standard silver dollars, and $159,408,546 in subsidiary silver coins.




326

REPORT ON T H E FINANCES.
BULLION IN MINTS AND ASSAY OFFICES J U N E 30,

1909.

Value.

Bullion.
Gold
.
Silver (cost)

$65,660,227
5,564,808

.
-

71,225,035

Total

METALLIC STOCK, J U N E 30, 1905, 1906, 1907, 1908, AND 1909,.
J u n e 30, 1905.

Gold
Silver
Total

J u n e 30, 1906.

J u n e 30, 1907.

J u n e 30, 1908.

$1,357,881,186
686,401,168

Coin a n d bullion.

$1,472,995,209
687,958,920

$1,466,056,632
705,330,224

$1,615,140,575
723,594,595

$1,640,567,131
733,250,073

2,044,282,354

2,160,954,129

2,171,. 386,856

2,338,735,170

2,373,817,204

•.

J u n e 30, 1909.

O W N E R S H I P OF GOLD AND SILVER I N THE U N I T E D STATES, J U N E 30,
Silver coin a n d bullion.
Gold coin
a n d bullion.

Ownership.

Silver
dollars.

Subsidiary
coin.

U n i t e d States T r e a s u r y
(free)
$226,223,984 $18,571,495 $27,076,748
U n i t e d States T r e a s u r y
(for certificates o u t s t a n d ing)
815,005,449 477,717,324
N a t i o n a l b a n k s ( J u n e 23). 150,504,310 12,822,408 16,185,383
N a t i o n a l b a n k s (for clearing-house c e r t i f i c a t e s ) . . .
73,677,500
P r i v a t e b a n k s a n d individuals
375,255,888 59,165,492 116,146,415
Total

1,640,567,131 568,276,719 159,408,546

Silver
bullion.

In Treasury.

Total gold
a n d silver
coin a n d
bullion.

Total
silver.

$5,564,808 $51,213,051

$277,437,035

477,717,324
29,007,791

1,292.722,773
179,512,101

175,311,907

550,567,795

5,564,808 733,250,073

2,373,817,204

73,577,500

LOCATION OF M O N E Y S OF THE U N I T E D STATES, J U N E 30,

Money.

1909.

1909.

In national
I n other
b a n k s , J u n e b a n k s a n d in
circulation.
23, 1909.

Total.

METALLIC.

Gold bullion
Silver bullion
Gold coin
Silver dollars.
S u b s i d i a r y silver coin

...

...

:

T o t a l metallic

..

..

$65,660,227
5,564,808
975,569,206 a$224,081,810
496,288,819
12,822,408
16,185,383
27,076,748

$375,255,888
59,165,492
.116,146,415

$65,660 227
5,564,808
1,574,906,904
568,276,719
159,408,546

1,570,159,808

253,089,601

550,567,795

2,373,817,204

6,562,749
11,585
24,381,268

191,774,761
b 57,109,191

148,343,506
4,203,415
608,429,616

346,681,016
4,215,000
689,920,076
1,040,816,091

PAPER.

Legal-tender notes (old)
Legal-tender notes (act J u l y 14, 1890)
National-banknotes
..
Total notes

.

Gold certificates
Silver certificates..
Total certificates
G r a n d total

30,955,''602

248,883,952

760,976,537

37,746,420
6,696,676

3 n , 846,280
129,205,129

503,159,169
348,512,195

44,443,096

441,051,409

851,671,364

943,024,962 2,163,215,696

a Includes $73,577,500 gold clearing-house certificates.
b Includes $13,294,438 of their own notes held by difi'erent natiohal banks.




3,414,633,296

DIKECTOB OF THE

327

MINT.

ESTIMATED STOCK OF GOLD AND SILVER IN THE U N I T E D STATES AND THE A M O U N T
P E R CAPITA AT THE CLOSE OF EACH FISCAL Y E A R SINCE 1873.

T o t a l stock of coin a n d b u l lion.
Fiscal year e n d e d 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
1907
1908
1909..
,

*

Per capita.

Population.

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
•...
59,97t,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
86,074,000
87,496,000
88,926,000

Gold.

Silver.

$6,149,305
$135,000,000
10,355,478
147,379,493
19,367,995
121,134,906
36,415,992
130,056,907
56,464,427
167,-501,472,
88,047,907
213,199,977
117,526,341
245,741,837
148,522,678
351,841,206
175,384,144
478,484,538
506,757,715 . 203,217,124
233,007,985
542,732,063
545,500,797. 255,568,142
283,478,788
588,697,036
312,252,844
590,774,461
352,993,566
654,520,335
386,611,108
705,818,855
420,548,929
680,063,505
463,211,919
695,563,029
522,277,740
646,582,852
570,313, .544
664,275,335
615,861,484
597,697,685
624,347,757
627,293,201
625,854,949
636,229,825
628,728,071
599,597,964
634,509,781
696,270,542
637,672,743
861,514,780
639,286,743
962,865,505
647,371,030
1,034,439.264
661,205,403
1,124,652,818
670,540,105
1,192,395,607
677,448,933
1,249,552,756
682,383,277
1,327,672,672
686,401,168
1,357,881,186
687,958,920
1,472,995,209
705,330,224
1,466,056,632
723,594,595
1,615,140,575
725,550,073
1,640,567,131

Gold.

Silver.

$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
n.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
17.03
18.46
18.45

$0.15
.24
.44
.81L21
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
8.20
8.27
8.16

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
25.23
26.73
26.61

'
UNITED STATES GOLD COIN IN

CANADA.

The holdings of United States gold coin in the treasury of the
Dominion of Canada on December 31, 1908, was $54,909,076. The
holdings of the charter banks (31 in number), on the same date
aggregated $15,679,259, or 79.96 per cent of their specie holdings.
The total amount of United States gold coin in Canadian reserves
on the foregoing date was therefore"$70,588,335.
GOLD A N D S I L V E R USED IN INDUSTRIAL ARTS IN THE UNITED
DURING THE CALENDAR YEAR 1 9 0 8 .

STATES

Amor^ 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 j)laces; conse• quently, the larger portion of the material consumed in the arts is
brought under government notice and is a matter of public record.
The following table gives the value of the gold and the quantity
of the silver bars issued by the governnient institutions and private
refineries during the calendar year 1908.




328

REPOBT ON TFIE F I N A N C E S .

GOLD AND SILVER BARS

ISSUED

BY THE GOVERNMENT

INSTITUTIONS AND M A N U -

f^ACTURED BY PRIVATE REFINERIES FOR USE IN THE INDUSTRIAL A R T S DURING
THE

CALENDAR Y E A R

\

1908.

V a l u e of gold issued b y -

W e i g h t of silver issued b y -

Material u s e d .
Government
institutions.

P r i v a t e refineries.

Total.

Government
institutions.

P r i v a t e refineries.

Total.

F i n e ounces. F i n e ounces. F i n e ounces.
D o m e s t i c b u l l i o n — . $8,147,514. 90 $260,456.00 $8,407,970.90
681,295.08 15,161,517.00 15,842,812.08
207.00 2,846,974.12 1,829,103.63 2,661,838.00 4,490,94L63
2,846,767.12
Foreign material
334,713.00
334,910.17
197.17
1,938.00
U n i t e d S t a t e s coin
1,938.00
324,364.21 3,115,366.00 3,439,730.21
14,686,845.78 2,034,300.00 16,721,145. 78
Old j e w e l r y , etc
Total

25,681,324.97 2,629,676. 00 28,311,000. 97 2,834,762.92 20,940,659.00 23,775,421.92

...

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:
Material used.

Silver.

$8,407,970. 90
2,846,974.12
3,500,000.00
16,721,145. 78

Domestic bullion..
Foreign material..
United States coin
Old material
Total

Fine ounces.
15,842,812.08
4,490,94L63

31,476,090.80

77,344.00

3,439,730.21
23,850,827.92

GOLD AND SILVER B A R S F U R N I S H E D FOR U S E IN MANUFACTURES AND THE ARTS, AND
C L A S S I F I C A T I O N OF T H E M A T E R I A L U S E D , B Y C A L E N D A R Y E A R S , S I N C E 1880.

GOLD.

N e w material..
Calendar year.
U n i t e d States
coin.

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
1907
1908

•.

.

. .

Total




Domestic
bullion.

Foreign
bullion a n d
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
3,500,000
3,500,000
3,500,000

$6,000,000
7,000,000
7,000,000
7,840,000
6,000,000
6,736,927
7,003,4gt)
9,090,342
9,893,057
9,686,827
10,717,472
10,697,679
10,588,703
8,364,482
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
18,667,804
15,546,924
8,407,971

$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
10,452,037
14,502,571
2,846,974

82,375,000

313,604,362

53,143,519

Old
material.

total.

$395,000
522,900
696,500
1,549,300
3,114,500
1,408,902
1,928,046
1,835,882
2,402,976
3,218,971
3,076,426
4,860,712
4,468,685
2,777.165
2,184, 946
2,976,269
2,369,343
2,571,428
2,164,976
2,734,985
3,480,612
3,386,626
4,677,549
4,665,589
5,725,927
5,586,636
6,506,922
7,177,575
16,721,146

$10,962,600
11,770,700
10,868,000
14,458,800
14,500,000
11,824,742
13,069,529
14,810,346
16,514,842
16,697,056
17,655,960
19,686,916
19,329,074
13,435,901
10,658,604
13,429,085
11,395,934
11,870,231
13,565,879
17,847,178
20,148,142
21,868,956
25,682,847
29,063,551
28,655,963
33,208,615
39,126,763
40,727,070
31,476,091

449,122,881 105,186,494

554,309,376

Total new
material.
$10,567,600
11,247,800
10,171,500
12,909,500
11,385,500
10,415,840
11,141,483
12,974,464
14,111,866
13,478,085
14,579,534
14,826,204
14,860,389
10,658,736
8,473,658
10,452,816
9,026,591
9,298,803
11,400,903
15,112,193
16,667,530
' 18,482,330
21,005,298
24,397,962
22,930,036
27,621,979
32,619,841
33,549,495
14,754,945

829

mRECTOR OF T H E M I N T .

GOLD AND SILVER B A R S F U R N I S H E D FOR U S E I N MANUFACTURES AND T H E A R T S , AND
CLASSIFICATION OF T H E MATERIAL USED, BY CALENDAR Y E A R S , SINCE 1880^Con.
SILVER (FINE OUNCES).
New material.
Calendar y e a r .
United States
coin.

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.- . .
1907
1908..
Total

$464,063
154,687154,687
154,687
154,687
154,687
154,687
154,687
154,687
154,687
154,687
154,687
154,687
77,344
•77,344
77,344
77,344
77,344
77,344
77,344
77,344
77,344
77,344,
77,344
77,344
77,344
77,344
77,344
77,344
3,557,811

Domestic
bullion.

$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
6,644,495
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
•15,231,628
17,431,691
15,842,812
241,875,299

Foreign
bullion a n d
coin.

Total n e w
material.

. Old
material.

Grand
total.

$273,023
$4,604,274
$112,148
$4,716,-422
286,945
5,004,913
137,672
5,142,585
340,544
5,402,151
164,665
5,566,816
119,883
3,850,713
434,595
4,285,308
502,734
4,137,890
•131,484
4,269,374
48,501
3,714,498
357,472
4,071,970
638,562
3,597,884
312,589
3,910,473
506,595
4,206,209
3,834,490
371,719597,082
5,761,987
504,318
6,266,305
508,920
6,308,102
472,582
6,780,684
963,254
6,643,096
7,138,173
495,077
7,427,552
971,516
6,763,845
663,707
6,693,336
966,643
7,194,042
500,706
6,505,724
1,346,326
7,451,511
945,787
759,^24
7,472,853
944,504
8,417,357
752,942
8,429,609
9,495,511
1,065,902
7,059,508
821,387'
832,860
7,892,368
7,809,932
616,579
853,457
8,663,389
9,984,485
489,160
734,233
10,718,718
529,137
8,995,139
1;583,678
10,578,817
940,450
11,441,279 • 1,776,006
13,217,285
1,038,409
14,133,694
12,925,171
1,208,523
1,289,623
16,603,678
2,741,331
19,345,009
; 954,930 • 16,048,530
3,919,726
19,968,256
1,218,122
17,925,300
2,554,687
20,479,987
2,754,003
19,411,654 . 4,289,023 -23,700,677
2,734,187
18,043,159
3,810,105 " 21,853,264
4,628,208
22,137,243
24,369,784
2,232,541
4,490,942
20,411,098
3,439,730
23,850,828
32,088,431

277,521,541

37,590,827

315,112,368

The value and composition of bars issued for use in the industrial
arts by the government institutions during the fiscal year 1909 were
as follows:
.
Gold.
Material used.

Silver.
Weight.

Domestic bullion...
United States coin.
Foreign bullion
Foreign coin
Old material
Refinery bars
Total.




Value.

Fine ounces.
431,979. 402
4.748
237,895. 616
16,025. 846
748,289. 330

$8,929,806.76
98.16
4,917,738.84
331,283.64
15,468, 513.29

1, 434,194.942

29,647, 440.69

Fine ounces.
581,164.38
1,991,744.36
2,778.31
319,978.42
13,379.46
2,909,044.92

830

REPORT ON T H E FINANCES.

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
JPhiladelphia and assay office at New York, for the fiscal year 1909,
was as follows:
E x c h a n g e d for gold coin.

E x c h a n g e d for gold bullion.

Month.
Philadelphia.
1908.
July
August
September...
October
November...
December

Total.

New York.

Philadelphia.

$475,796.21 $2,112,273. 44 $2, 588,069. 65 $26, 600. 69
431,948.16 1, 546, 461. 69 1,978, 409.85
12, 869. 29
628, 666.06 1,983,208 11 2, 611, 874.17
27, 409. 85
718,725.12 2,247, 508. 60 2,966, 233.72
22,944. 74
683,094. 56 1,795, 375. 58 2, 478, 470.14
15,191.21
317,110.90 7,722, 469. 48 8, 039, 580. 38 23, 438.95

N e w York.

$292, 865.08
253,812.14
278, 425. 46
293, 822. 94
255,216.10
326,243. 63

$319, 465.77
266, 681. 43
305,835.31
316, 767.68
270, 407.31
349, 682.58

328,414.92
272, 582. 68
345, 614.74
344, 506. 66
281, 923. 87
288, 440. 45

354,897.07
288, 389. 53
368, 822.36
367,198.28
302,159. 66
322, 961.78

1909.
January
February
March
April
May
June
Total...

2, 584, 987. 70
583,972. 58
705, 446. 78
666, 837. 54
648,203. 45
555, 676. 89

2, 414,110. 61
1, 398, 475.18
4,012,155.33
3, 386, 415.12
4, 361,144. 81
3, 379, 877.72

4, 999, 098.31
1, 982, 447.76
4,717, 602.11
4, 053, 252.66
5,009, 348.26
3, 935, 554. 61

9,000, 465. 95 36, 359, 475. 67 45,359,941.62

26, 482.15
15, 806. 85
23,207. 62
22, 691. 62
20, 235. 79
34, 521. 33

271, 400.09 3, 561, 868. 67 3, 833, 268. 76

Of t h e t o t a l v a l u e of b a r s ($45,359,941.62) e x c h a n g e d for coin, $19,391,034.23 were e x p o r t e d , a n d $25,968,907.39 were u s e d in t h e i n d u s t r i a l arts.

THE W O R L D ' S INDUSTRIAL CONSUMPTION OF THE PRECIOUS METALS IN

1908.
This bureau estimates the world's consumption of the precious
metals in the arts during the calendar year 1908 asofollows: Gold,
of the value of $113,996,000, equivalent to 5,514,557 ounces, fine; and
silver, 91,835,000 ounces, fine, of the commercial value of $49,122,542.
I n these estimates only new material is taken into account.
PRODUCT OF GOLD AND SILVER IN THE UNITED STATES IN 1 9 0 8 .

The detailed statistics of the product of gold and silver in the United
States for the calendar year 1908 are presented in a special report to
the Secretary of the Treasury.
The distribution df the product among producing States and Territories was as follows:




331

DIRECTOR OI' I H E MINT.

APPROXIMATE DISTRIBUTION BY PRODUCING STATES AND TERRITORIES OF T H E
PRODUCT OF GOLD AND SILVER I N T H E U N I T E D STATES F O RT H E CALENDAR Y E A R
1908.
[As estimated by the Director of the Mint.]

Gold.

Silver.

State or Territory.
Fine ounces.

Value.

1,993
960,669
120,937
935,074
1,106,385
2,719
69,829

3,160,000
11,689,400
3,700
306,300
97,500
905,900
284,500
600
53,700
7,742,200
3,700
500
3,946,700
3,600
253,700
7,600

4,574,340

Total.

$41,200
19,858,800
2,500,000
19,329,700
22,871,000
56,200
1,443,500

152,865
565,475
179
14,817
4,716
43,823
13,763
29
2,598
374,529
179
24
190,922
174
12,273
368

Alabama
Alaska
Arizona
California
Colorado
Georgia
Idaho
Illinois
Michigan
Missouri
Montana
Nevada
New Hampshire...
New Mexico
North Carolina
Oregon
Philippine Islands.
Porto Rico
South Carolina
South Dakota
Tennessee
Texas
Utah
Virginia
Washington
Wyoming

94,560,000

Fine ounces.

Commercial
value.

400
204,600
2,900,000
1,703,700
10,150,200
200
7,558,300
2,000
294,100
49,400
10,356,200
9,508,500
6,300
400,900
1,300
56,100
1,300

$200
109,400
1,551,200
911,300
5,429,400
100
4,042,900
1,100
157,300
26,400
5,539,500
6,086,100
3,400
214,500
700
30,000
700

200
197,300
60,900
447,000
8,451,300
300
86,800
3,500

100
105,500
32,600
239,100
4,520,600
. 200
46,400
1,900

52,440,800

28,050,600

W O R L D 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 1906, 1907, and 1908. THe following is a summary of the same:
COINAGE OF NATIONS.

Calendar y e a r .

1906
1907
1908

Gold.
$366,326,788
411,803,902
327,018,200

Silver.

$155,590,466
221,651,826
194,692,737

. 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.
I t must be borne in mind, however, that the total of these coinages
does not correctly represent the amount of liew 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.
I n 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 done
in many instances, but not in all.




332

REPORT ON T H E FINANCES.

COINAGE OF GOLD AND SILVER OF THE MINTS OF THE WORLD BY CALENDAR Y E A R S
SINCE 1873.

Silver.

Gold.
Calendar year.
F i n e ounces.
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..-2
1903
1904
1905
1906
1907
1908

.

.'
.-.-..

.. . . .
. ". . .

. . . .

Total

.

.

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
17,721,058
19,921,014
15,819,505

$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
366,326,788
411,803,902
327,018,200

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
136,518,406
134,062,314
120,339,501
171,434,608
150,582,664

$13'1,544,464
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
160,226,964
185,358,156
138,911,891
193,715,362
211,795,829
176,508,646
173,333,093
155,590,466
221,652,826
194,692,737

387,070,969

. .

.

F i n e ounces.

Value.

8,011,467,123

4,001,972,599

5,177,695,596

.

FOREIGN COINS MELTED BY VARIOUS COUNTRIES.

The foreign gold and silver coins melted by the countries of the
world during the calendar years 1906, 1907, and 1908, so far as have
been reported to this bureau, are exhibited in the following table:
1907.

1906.

1908.

Country.
Gold.
U n i t e d States
Austria-Hungary
Great B r i t a i n
Germany
India
Italy
Japan.
Mexico
Peru
. .
Portugal
."
Russia
Siam
Turkey
Total




$21,753,924
300,347
8,056,407

Silver.

Silver.

Gold.

$501,058 $12,330,623
207,274
12,427
1,260,846
4,990,384

Gold.

$250,132
28,912
3,162,733

$3,767,669
401,573

Silver.
$103,076
14,778

400,997
1,114

1,338
2,146
9,480,630
6,357,208

1,718
4,093,714
633,418
12,818
15,640

1

34,870

299,408
60,785

9

150

9,219,795

9,821,065
55,769,581

2,435,637

1,804,507

302,826
168,957

4,770,012

20,469

31,477,363

3,949,768

11,836,823

438,845

333

DIRECTOR OF T H E M I N T .
UNITED

STATES GOLD COINS IMPORTED AND MELTED BY
COUNTRIES.

VARIOUS

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:
Import of Total import United States
United States of gold from
gold coin .
United
gold coin.
melted.
States.

Country.

Austria-Hungary.
Japan
Peru
Great Britain
Dutch Guiana

$1,154

$14,864

$1,154

60,785

570,597
4,820
5,974

Total

571,751

75,649

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 1906, 1907, and 1908 so far
as has been reported to this bureau:
1907.

1906.

1908.

Country.
Gold.
UnitedStates
Australia
Austria-Hungary...
(Jhina
Colombia ..
Denmark
Egypt
France
Germany
-.
Great Britain
India (British)
Italy
.
...
Japan
'
Mexico .
.
...
Netherlands.'
Norway
Persia
Peru
Portugal
Russia
•
Siam
Straits Settlements
Sweden
Switzerland
Turkey
Total

Silver.

$850,033
4,482
923,096

$971,564

Gold.

Silver.

$3,072,960 $1,233,298 $5,321,467
1,631,393
3,474
1,610,137 1,620,440 1,448,904

16,787
•507,203
5,300
62,239
120,609
62,496 1,170,829
53,058
626,801 1,786,864 20,216,679
2,003,368
13,139,550 14,716,370 13,139,550 3,509,414
3,242,744
10,345,352
10,346,690
3,769,263
2,299,669
4,479 1,274,612
1,137
98,299
2,992,255
9,314
216,469
6,212,000
1,869,300
1,467,300
14,847
14,740
149,570
169,759
611
2,782 1,309,429
122,940
3,725
1,017,395
1,705,217
10,767,000
16,033
153
267,305
989,788
738,991 9,219,795
17,347,983




42,376,809

Gold.

28,908,509

63,392,263

Silver. ^
$977,211
5,189,278

69,858
2,256,230
16,059,450

3,110,555
589.058
1,347,083
7,864,566

1,797

3,944,363
989,486
3,011,463
9,836

718

920,233

107
34,613

.6,929,500
35,532
193,000
527,568

26,824,537

35,680,266

41,534

334

REPORT ON TFIE FINANCES.
VALUES OF FOREIGN COINS.
TREASURY DEPARTMENT,
O F F I C E OF THE SECRETARY,

Washington, Octoher 1, 1909.
In pursuance of the provisions of section 25 of the act of August 28,
1894, I hereby proclaim the following estimate by the Director of
the Mint of the values of foreign coins to be the values of such coins
in terms of the money of account of the United States, to be followed
in estimating the value of all foreign merchandise exported to the
United States on and after October 1, 1909, expressed in any of such
metallic currencies.
CHARLES D . NORTON,

Acting Secretary.
VALUES

Country.

Argentine Republic

Standard.

OF F O R E I G N

Monetary unit.

Gold.

COINS.

Value
in terms
of U. S.
gold
dollar,
$0.965

Austria-Himgary..

.do.

Cro\A'n.

.203

Belgimn

.do.

Franc.^

.193

Bohvia..
Brazil...

.do.
.do.

Boliviano.
Milreis

.389
.546

British possessions, N. ...do
A. (except Newfoundland).
Central A m e r i c a n
StatesCosta Rica
...do

Dollar..

Colon..

.465

British Honduras.
Guatemala
Honduras
Nicaragua
Salvador
Chile

....do

Dollar..
Peso...

Gold: Argentine ($4,824) and § argentine. Silver: Peso and divisions.
Gold: 10 and 20 crowns. Silver: 1
and 5 crowns.
Gold: 10 and 20 francs. Silver: 6
francs.
Silver: Boliviano and divisions-.a
Gold: 5, 10, and 20 milreis. Silver:
^, 1, and 2 milreis.

1.000

>Silver

Coins.

Gold

China.

Silver

Colombia..

Gold.

1.000

Gold: 2, 5,10, and 20 colons ($9,307).
Silver: 5, 10, 25, and 50 centimos.
Silver: Peso and divisions.

.365

do.
'Amoy
Canton
Cheefoo
Chin Kiang..
Fuchau
Haikwan
(customs).
Hankow.'
Tael....< Kiaochow....
Nankin
Niuchwang..
Ningpo
Peking
Shanghai
Swatow
Takau
Tientsin
Hongkong...
British
Mexican
do

(

Gold: Escudo ($1,825), doubloon
($3,650), and condor ($7,300). Silver: Peso and divisions.

.614
.612
..587
.600
.568
.625
.575
.595
.608
.576
.590
.599
.561
.567
.618
.595
.404
' .404
.407
1.000

Gold: Condor ($9,647) and double
condor. Silver: Peso.
Gold: 10 and 20 crowns.
Gold: 10 sucres ($4.8665). Silver: Sucre and divisions.
Egypt
Pound (100 piasters).. 4.943 Gold: Pound (100 piasters), 5,10, 20,
.do..
and 50 piasters. Silver: I, 2, 5,10,
and 20 piasters.
a Gold standard adopted December 31,1908,12^ bolivianos equal the pound sterling, or Peruvian pound
($4,866^).

Denmark.
Ecuador..




.do.,
.do.

Crown.
Sucre..

.268
.487

335

DIRECTOR OF T H E M I N T .
V A L U E S OF F O R E I G N

Country.

Standard.

Monetary unit.

Finland.

Gold..

Mark

France..

...do..

Franc

German Empire.
Great Britain

.do.,
.do..

Mark

Greece

-do.

Haiti

.do.,

India, British.

.do..

j

Gourde
Pound sterling o

.do..
.do..

Liberia..
Mexico..

.do.,
.do..

Dollar....

Netherlands..

.do..

Peso b

Newfoundland
Norway
Panama

.do.,
.do.,
.do..

Persia..

Silver.

Peru...

Gold..

Philippine Islands.
Portugal
Russia

.do.,
.do.,
.do..

Spain
Straits Settlements

...do.
...do.

Sweden.
Switzerland.
Turkey
Uruguay...
Venezuela..

.do.,
,-do..
.do.,
.do..
.do..

Lira
Yen

Florin
Dollar
Crown
Balboa..-.
Kran

Coins.

Gold: 20 marks ($3,859), 10 marks
($1.93).
Gold: 5, 10, 20, 50, and 100 francs.
Silver: 5 francs.
.238 Gold: 5,10, and 20 marks.
4.866^ Gold: Sovereign (pound sterling) and
\ sovereign.
.193 Gold: 5,10, 20, 50, and 100 drachmas.
Silver: 5 drachmas.
1966 Gold: 1, 2, 5, and 10 gourdes. Silver:
Gourde and divisions.
4.866. Gold:, Sovereign (pound sterling).
Silver: Rupee and divisions.
.193 Gold: 5, 10, 20, 50, and 100 lire. Silver: 5 lire.
.498 Gold: 5, 10, and 20 yen. Silver: 10,
20, and 50 sen.
I'. 000
5 and 10 pesos. Silver: Dollarc
.498 Gold:peso) and divisions.
(or
.402 Gold: 10 florins. Silver: 2\, 1 florin
and divisions.
Gold: 2 dollars ($2,028).
Gold: 10 and 20 crowns.
Gold: 1, 2\, 5, ,10, and 20 balboas.
Silver: Peso and divisions.
Gold: \ , 1, and 2 tomans ($3,409).
Silver: \ , \ , 1, 2, and 5 krans.
Gold: \ and 1 libra. Silver: Sol and
divisions.
500 Silver peso: 10,20, and 50 centavos.
080 Gold: 1,2,5, and 10 miheis.
515 Gold: 5,1\, 10, and 15 rubles. Silver:
5,10,15,20,25,50, and 100 copecks.
.193 Gold: 25 pesetas. Silver: 5 pesetas.
L866.}| Gold: Sovereign (pound sterling).
Silver: Dollar and divisions.
.268 Gold: 10 and 20 crowns.
.193 Gold: 5, 10, 20, 50, and 100 francs.
Silver: 5 francs.
.044 Gold: 25,50,100,250, and500 piasters.
.034 Gold: Peso. Silver: Peso and divisions.
Gold: 5, 10, 20, 50, and 100 bolivars.
Silver: 5 bolivars.
.193

Pound sterling..

Italy....:

Value
intermsl
of U.S.
gold
dollai:.
$0. 193

Drachma

Japan

CoiNS^Continued.

•.

Libra
Peso
Milreis
Ruble
Peseta..Pound sterling £i.
Crown
Franc
Piaster
Peso
Bolivar

o The sovereign is the standard coin of India, but the rupee ($0.3244^) is the current coin, valued at 15
to the sovereign.
b Seventy-five centigrams fine gold.
c Value in Mexico, $0,498.
d The current coin of the Straits Settlements is the silver dollar issued on Government account and
which has been given a tentative value of $0.567758^.
NOTE.—-The coins of silver standard countries are valued by their pure silver contents at the average
market price of silver for the three nionths preceding the date of this circular.




336

REPORT ON THE FINANCES.,
CHANGES IN THE VALUE OF FOREIGN COINS DURING 1909.
Value, 1909.
Monetary unit.

Country.

J a n u a r y 1. April 1.
Bohvia
Central A m e r i c a n S t a t e s . .
China
-Do
Do
.
Do
Do
Do
Do
Do
Do
Do
Do
Do.
Do
Do
. .
Do
Do
Do
Do
Do
Persia

Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver
Silver

boliviano -.
peso
^.
tael, A m o y
tael. Canton
tael, Chefoo
tael, Chinkiang
tael, F u c h a u .
tael, H a i k w a n ( c u s t o m s ) . . .
tael, H a n k o w .
tael, K i a c h o w
tael. N a n k i n
tael, N i u c h w a n g
tael, N i n g p o
tael. P e k i n g . .
tael, S h a n g h a i
tael, S w a t o w
tael, T a k a u
tael, T i e n t s i n
dollar THongkong)
dollar ( B r i t i s h )
dollar ( M e x i c a n ) . .
kran

$0.365
.365
.598,
.597
.572
.584
.553
.609
.560
.580
.592
.561
- .575
.583
.546
.553
.602
.580
.393
.393
.396
.067

$0.389
.375
.615
.613
.588
.600
.568
.625
.575
.596
.608
.576
.591
.599
.561
.568
.618
.596
.404
.404
.407
.069

J u l y 1.

$0.383
.627
.626
.600
.613
.580
.638
.587
.608
.621
.588
.603
.612
.573
.580
.631
- .608
.413
.413
.416
.070

October 1.

$0.375
.614
.612
.587
.600
.568
.625
-575
.595
.608
.576
.590
.599
. 561
.567
.618
.595
.404
.404
- .407
.069

MONETARY STATISTICS OF FOREIGN COUNTRIES.

The statistics of the 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, published annually in the reports of this bureau, are
obtained directly from the governments of such' countries by the
representatives of the United States accredited to them.
A copy of the interrogatories covering the points on which information is sought from the governments of foreigri countries is sent
yearly to the United States ambassadors and ministers through the
Department of State, and the replies in the form of reports are
forwarded directly to the Bureau of the Mint. The interrogatories
sent are as follows:
1. What was the amount of gold coined during the calendar year 1908 by denominations and values? What amount of this was recoinage? Domestic and foreign coins
melted given separately.
2. What was the amount of silver coined during the calendar year 1908 by denominations and values? What amount of this was recoinage, and what amount was from
new bullion? Domestic and foreign coins melted given separately. If any coinage
was executed at foreign niints, please give separate statement.
3. Was any coinage executed for other governments during the year 1908? If so,
state character and amount of same.
" .^
^
4. What was the weight of fine gold used in the indjistrial arts during the calendar
year 1908? What amount of this was new gold, what amount old gold, and what
amount coins?
5. Same questions as to silver.
6. What was the import and export of golcl during the calendar year 1908? (Coin,
bullion, and.ore, as well as their weight and value, should be given separately, if
possible.) If practicable, give imports aind exports by countries.
7. Same question as to silver.
8. What was the total import of United States gold coin during the calendar year
1908?
9. What was the amount of United States gold coin deposited at the mints and
melted during the year 1908?




DIRECTOR OF T H E M I N T .

337

10. 'WHiat was the weight, expressed in kilograms fine, and the value of the gold
produced from the mines of the country during the calendar year 1908? Give the
product of the colonies of the country, naming them separately.
11. WHiat was the weight, expressed in kilograms fine, of the silver produced from
the mines of the country during the calendar year 1908? Also give product of the
colonies of the country.
12. WTiat was the weight and what the value of the output of gold from the refineries
of the country during the year? Give the sources of this output if practicable.
13. Same question as to silver.
14. What, approximately, was the stock of gold coin and bullion in the country at
the close of the calendar year 1908? Give stock in public treasuries and banks and
in circulation separately, at the close of the calendar year 1908.
15. Same question as to silver.
16. What was the amount of Government notes outstanding at the end of the year
1908?
17. What was the amount of Government notes outstanding not covered by legaltender gold and silyer coin or bullion at the end of the year 1908?
18. What was the amount of bank notes outstanding at the end of the year 1908?
19. What was the amount of bank notes outstanding not covered b y legal-tender gold
and silver coin or bullion at the close of the year 1908?
20. What was the actual currency of the country, gold, silver, or inconvertible
paper, during 1908?
21. Is gold at premium as compared with the actual currency of the country? And
if it is, what was the highest, lowest, and average premium during the year 1908?
22. Were any laws passed during the year 1908 affecting the coinage, issue, or legaltender character of the metallic or paper currency? If "so, please forward copies of
the same.
23. Is there a report published on the operations of the mint? If so, please forward
a copy, also a repi)rt of the department of mines for 1908.

The foregoing report, covering the operations of the mints and
assay offices of the United States for the fiscal year ended June 30,
1909, was for a period prior to my appointment and entry upon duty
as Director of the Mint, and was prepared under the direction of
R. E. Preston, examiner.
Respectfully,
A. PIATT ANDREW,
Director of tlie Mint.
Hon.

FRANKLIN MACVEAGH,

Secretary of tlie Treasury.
13518—Fi 1909

22




APPENDIX TO REPORT OF
No.

1.—DOMESTIC

PRODUCTION,

DEPOSITS, AND

PURCHASES

OF GOLD, BY

[Verified with the
Locality a n d description of
deposits.

Stand, oz.

1
?
3
4
5
fi
7
8
q
10
11
P
13
1-1
15
16
17
18
19
?0
'>1
?2
?3
?4

Alabania
Alaska
Arizona
California
Colorado
Georgia
Idaho
Missouri
Montana
Nevada
N e w Mexico
N o r t h Carolina
Oregon
Oklahoma
S o u t h Carolina
South Dakota
Termessee
Utah •
Virginia
Washington
Wvomine
.
P o r t o Rico
P h i l i p p i n e Islands
Other..

25
?6
27

T o t a l domestic
D o m e s t i c bullion refinery
bars.
D o m e s t i c bullion refined

28
29
30
31
^9
33
34
35
36
37
38
39

T o t a l domestic b u l l i o n .
Domestic coin m u t i l a t e d
Domestic coin t r a n s f e r r e d . . .
Foreign bullion umrefined...
Fbreign bullion refined
Foreign coin
Jewelers' bars, old p l a t e , e t c .
S u r p l u s bullion
D e p o s i t m e l t m g - r o o m grains
Sweeps from H e l e n a
Sweeps from Charlotte
Assayers' r e m n a n t s .

40
41
4?

Philadelphia. San Francisco.

.•

•...
•

177.987
121.604
'411.871
716.273
778.800
556.767

Stand.oz. '

New York.

Stand, oz.
118.596

Stand, oz.

Stand, oz.

168.970
14,576.712
81.274
437,262.452

6.649

237,066
15,146.157
7,601.774
50.095

324.426
.992

19.070
17.433
223.006
. 149.193

144,816.301
14.617

7.006

8,323.747

8,759.200
4,952.449
2,897.791
•^225.464

1,320.475
71.414
3,932.126
607.451
18.198

1.184
. . .
t

1,164.458
315,387.119

.855.860
• 2.022
22.390

12.252
26,905.742

49.958
9.934

79.612

8.157
64.535

1.673
328.667

49.869

3,564.258
3,524.383

685,128.416

...

Redeposits:
F i n e bars
Unparted bars

8^. I l l
61.882

127.777

35.277

1,942,378.913
672. 580
368.120
52,058.300

41,679.317

169. 705
63,164.162
475.511
55.150

40,355.681
7,357.518
2.367
81. 222

262.173
3,069.596
73.015
18.518

204,647.239

2,043,274.701

47,975.813

2,368.742
1,354,518.193

22.860
160,694.546

496,239.124
365,537.969

1,357,250.497

7,123.918
12,842.339
114,382.440
6,43L045

345,684.326
269,223.422
1,741,876.060

127.777
2,745:417

861,777.093 2,356,783.808
28,809.040
27.494
209.350
3,600.081
909.732
56.603
26.670

195,528.074
410,617.643
14,793.105
204,332.096
387.920

2.969
49.060

43

T o t a l redeposits

1,356,886.936

160,717.406

44

Total

1,561,634.174

2,203,992.107




Denver.

98,506.674
27,395.361
304,956.115
101.221

....

T o t a l deposits

338

N e w Orleans.

866,656.083 3,211,151.586

995,471.779

7.464
3.486

995,471.779

10.949

47,975.813 1,862,127.862 3,211,162.535

o Includes 0.927 standard ounce precipitation from solution.

DIRECTOE OF THE MINT.
W E I G H T , AT COINAGE M I N T S AND ASSAY OFFICES DURING THE FISCAL YEAR-

1909.

bullion accounts.]
Carson.

Boise.

Charlotte.

Helena.

St. Louis.

Deadwood.

Seattle.

Salt L a k e
City.

Stand, oz. Stand, oz. Stand, oz. Stand, oz. Stand, oz. Stand, oz. Stand, oz. Stand, oz.
12.357
52.500
871,203.214
154.686
2.602
30.683
13. 294
8.581
107. 039
329. 778
47. 238
3,820.253
12.525
.987
13. 693
678.021
40,277.921 1,608.481
1,022,461
70.297
38.485
133,304.415

49.382
7.483 9,775.389

343.219 92,947.153
23.807 3,401.012
1,834.620
14,798.634

615. 710

2.706

1.803

94. 959
65,368.316

9.927

1.335
17,386.732

78.136
5.809
436. 794

440. 916

609. 737
8.611

3.991

89.485
137,155.351 56,288.289 98,554. 954 2,627.101
3,197. 822

233. 418 65,368. 316 873,629.307 27,288.441
205. 924
. 3. 596

2,606.067

:..

-

7.757
23.498

29.757

67.151

13.141
130.688

82. 686 2,018.832

27.880 .

2.570

3.038

134,750.503
19,254.526
3.992
939.821
34. 410

Stand, oz.
130.953
970,534.382
57,261.709
317,355.342
438,157. 246
1,456.821
43,905.487
.992
103,419.429
296,371.340
6,868.972
2,665.077
24,135.155
1.184
"1,259.417
381,633.474
3.357
44,393.000
55. 767
1,671. 261
77.137
61. 882
51. 542
418.152

1
0

^
1
fj

fi
7

s

q
10
11
T>
13
14
15
16
17
18
19
''O
•^l
99
9^

94

2,691,889.078 25
641,689. 520 '>fi
3,101,771. 497 27

137,155.351 56,288.289 98,554.954 5,824.923 3,045. 409 65,368.316 873,632.903 27,288.441
7.470 24,626.240
4.373
649.693

Total.

alio.334

35.573

2.190

11.253

137,186.606 56,318.046 99,376.356 6,917.649 29,760. 670 65,402.726 1,028,621.691 27,412.218

6,435,350. 095
69,734. 953
114,750. 560
431,384.686
429,772. 069
55,597. 797
284,813.571
1,460.625
758. 329
26. 670
2.969
49. 060

28
9q
30
31
S9
33
34
35
36
37
38
39

7,823,701.384 40

8.039

118. 487

2,399.066 41
2,510,814.529 49

8.039

2,513,213.595 43

•

118.487

137,186.606 56,318.046 99,494.843 6,917.649 29,760. 670 65,402.726 1,028,629.730 27,412.218 10,336,914.979 44




339

340

REPORT ON T H E EINANCES.
NO.

2 . — D O M E S T I C PRODUCTION, DEPOSITS, AND

P U R C H A S E S OF GOLD,

BY

[Verified with the
Locality a n d description of deposits.
1
?

•
^
4
5
fi
7
8
9
10
11
'{'>

13
14
15
16
17
18
19
''O
?1
99

o-^
94
25
26
27

Philadelphia.

San Francisco.

N e w Orleans.

Denver.

New York.

Carson.

$2,206.44
Alaska
Arizona
California

.

...

Georgia
Missouri
Montana
Nevada
N e w Mexico
N o r t h Carolina..
Oklahoma
S o u t h Carolina
South Dakota
Tennessee
Utah
Washington
P o r t o Rico
P h i l i p p i n e Islands
Other
Total domestic...
Domestic bullion, refinery'bars
Domestic bullion, refined

$3,i43.63
271,194.64
1,512.08
8,135,115.39

§3,311.39 $1,832,682.30
• 2,262.40
509,681.14
7,662. 72 5,673,602.14
13,326.01
1,883.18
14,489.30
10,358.46
i23. 70

$4,410.53
281,788.97
141,428.35
932.00

$570.85
71,074.47

6,035.83
18.45

354. 79 2,694,256.76
271. 94
324. 33
4,148. 95
154,860.41
2,775. 68

iso. 32

162,961.86
92,138.58
53,912.39
4,189.10

24,566.98
1,328. 63 2,480,082.13
73,155. 83
11,301.41
338. 57

22.03
2i,664.33
227.94 6,867,667.33

15,922.98
37.62
416. 56
929.45
184. 82
3i.i3
6,114. 73

500,571.94

1,481.15

i s i . 76
1,200.65

1,602.07
1,151.29

927. 80

1

2,377. 24 9,232,355. 79 6,481,336.29 2,551,727.45

66,311,78 10,886,110.06

6,800,706.39 5,008,807.85

65,569.91
656.32 25,251,172.03

32,406,996.46

37
38
39

Total
domestic
bullion
132,538.01 36,137,282.09 2,377.24 16,033,062.18 43,847,140. 60 2,551,727.45
D o m e s t i c coin, m u t i 511.52
535,982.15
12,513.12 51,077.53
238,927.23
lated
D o m e s t i c coin trans2,128,045.39
6,848.74
ferred
Foreign bullion, u n r e .3,894.88 3,637,731.62
119,647.35
968,526.51 775,429.15
fined
Foreign bullion,refined.
7,637,535.68
Foreififn coin
3,157. 30
275,220.56
750,803.37 4,877.64
Jewelers' bars, old plate,
144.45
1,175,147.20
136,884.06 57,108.63
66,978.25 3,801,527.36
etc
8,846.7