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ANNUAL REPORT OF THE Secretary of the Treasury ON THE STATE OF THE FINANCES FOR THE FISCAL YEAR ENDED JUNE 30 1913 With Appendices WASHINGTON GOVERNMENT PRINTING OFFICE 1913 TREASURY DEPARTMENT. Document No. 2688. Secretory. LL CONTENTS, Page, Financial aid to Dayton, Ohio $500,000,000 emergency currency announcement Crop-moving deposits Currency legislation Interest on Government deposits Income tax Customs service Convention of customs collectors Change in the manner of handling and disbursing public funds Public Health Service New revenue cutters Coast guard : Ice patrol Saving of life and property on interior navigable rivers and waters Panama Canal • Public buildings commission Central heating and power plant Contingent fund Finances Receipts and disbursements Fiscal year 1913 General fund Postal service ,. United States notes (greenbacks) Gold reserve fund '. Trust funds Sinking fund Condition of Treasury June 30, 1913. Cash in the Treasury June 30, 1913 Comparison of receipts, fiscal years 1912 and 1913 Comparison of disbursements, fiscal years 1912 and 1913 Estimates Estimated ordinary receipts, fiscal year 1914 Estimated ordinary disbursements, fiscal year 1914. Postal service, estimate of probable expenditures for fiscal year 1914 Estimated ordinary receipts for fiscal year 1915 Estimates of appropriations for fiscal year 1915 as submitted b y executive departments Postal service, estimate of probable expenditures for fiscal year 1915 Estimates for 1915 and appropriations for 1914 Exhibit of appropriations tor 1914., 1 1 2 4 5 5 6 7 8 8 8 9 9 10 11 11 11 12 13 13 13 13 15 15 15 15 16 16" 17 18 20 24 24 25 25 25 25 27 28 29 Abstracts of reports of bureaus and divisions. Treasurer of the United States District of Columbia Comptroller of the Currency Mint Service Operations of the mints Appropriations, earnings, and expenditures Deposits, earnings, and expenditures b y institutions Charlotte ofiice closed Production and consumption of gold and silver -. III 31 34 35 39 39 39 40 40 41 IV CONTENTS. Internal Revenue Income-tax law Recommendations ". White phosphorus matches Bureau of Engraving- and Prmting .' Improved machinery Money laundering New building Special Agents' Division Office of the Supervising Architect : Public-Health Service Division of Scientific Research Hygienic Laboratory Division of Foreign and Insular Quarantine and Immigration Division of Domestic (Interstate) Quarantine Division of Sanitary Reports and Statistics Division of Marine Hospitals and Relief Division of Personnel and Accounts Miscellaneous Division Recommendations Life-Saving Service Sources of assistance to vessels Flood service in the Middle West Power boats for rescue and salvage work Miscellaneous sei-vices of station crews Establishment, rebuilding, and improvement of stations Retirement pay for the life-saving corps Revenue-Cutter Service Removal of derelicts Ice patrol ; Protection of the fur seal ^ Enforcement of navigation, anchorage, and other laws Proposed consolidation of the Revenue-Cutter and Life-Saving Services as the "Coast Guard " History Coast Guard , Existing conditions '. Cost.^ Special cruises New vessels and repairs •. Service depot in Alaska Saving of life and property on interior navigable waters Appointment of cadets. Inadequate appropriations Division of Loans and Currency Public-debt transactions. Interest on registered bonds Insular and District of Columbia loans Circulation , Redemption of currency, etc : 'Paper custody : National currency associations (act of May 30, 1908) *... Division of Public Moneys Division of Bookkeeping and Warrants State bonds and stocks owned by the United States Secret-Service Division :. Division of Piinting and Stationery Printing and binding. Stationery Check paper Postage Materials for bookbinder Duplicating work Department advertising Addressing machines : Page. 41 42 43 45 45 46 46 46 46 47 50 50 52 53 54 56 56 57 57 58 59 60 61 62 62 62 63 64 67 68 68 68 69 70 70 70 72 72 73 75 76 76 77 78 78 78 78 78 79 79 79 79 80 81 81 82 82 83 85 86 86 86 86 86 CONTENTS. V Tables accompanying the report of the Secretary.Table A.—Statement of the outstanding principal of the public debt of the United States, June 30, 1913 Table B.—Statement of the outstanding principal of the public ,debt of the United States on the 1st of July of each year, from 1856 to 1913, inclusive : Table C.—Analysis of the principal of the interest-bearing public debt of the United States from July 1, 1856, to July 1, 1913 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, 1913 Table E.—Sinking-fund account for fiscal year 1913 Table F.—Population, ordinary receipts and disbursements of the Government from 1837 to 1913, exclusive of postal, and per capita on receipts and per capita on disbursements Table G.—Statement showing the ordinary receipts and disbursements of the Government by 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, 1896, to June, 1913, inclusive Table H.—Statement of the balance in the general fund of the Treasury, including the gold reserve, by calendar years, from 1791 to 1842, and by fiscal years from 1843 to 1913 Table I.—Receipts and disbursements of the United States; recapitulation of receipts by fiscal years Table J.—Statement of the coin and paper circulation of the United States from 1860 to 1913, inclusive, with amount of circulation per capita Table K.—Statement of United States bonds and other obligations received and issued by the office of the Secretary of the Treasury, from November 1, 1912, to October 31, 1913 Table L.—Internal and customs receipts and expenses of collecting, from 1858 to 1913 Table M.—Statement showing the aggregate receipts, expenses, average number of persons employed, and cost to collect internal revenue in the several collection districts during the fiscal year ended June 3/3, 1913 Table N.—Statement of business of the customs ports for the fiscal year ended June 30, 1913. Table 0.—Statement, by districts and ports, showing total entries of merchandise, collections, and expenses, for the fiscal year ended June 30, 1913 R E P O R T OF THE T R E A S U R E R 89 104 106 108 108 109 116 117 118 130 131 131 132 134 186 199-300 Receipts and disbursements for 1912 and 1913 ' Panama Canal Receipts and disbursements on account of the Post Office D e p a r t m e n t . . . . Transactions in the public debt Public debt, 1912 and 1913 Payment of interest on registered bonds of the United States Reserve and trust funds Redemption of notes in gold State of the Treasury, general fund—cash in the vaults '. Net available cash balance, 1906 to 1913 Gold in Treasury from 1906 Bonds held as security for national-bank circulation and deposits Bonds held as security for postal savings funds Postal savings bonds and investments therein Withdrawal of bonds to secure circulation National banks designated as depositaries ° Public deposits in national banks General account of Treasurer of the United States Monetary stock, 1912 and 1913 •Ratio of gold to total stock of money Money in circulation Circulation and population Condition of the United States paper currency Page. 199 200 200 201 202 203 203 203 204 205 206 207 208 209 209 210 210 213 213 214 215 216 216 VI CONTENTS. REPORT OF THE T R E A S U R E R — C o n t i n u e d . United States notes ! Treasury notes of 1890 Gold certificates Silver certificates , Changes in denominations during fiscal year 1913 Pieces of- United States paper currency outstanding Denominations outstanding J u n e 30, 1913 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 held in the reserve vault Paper currency redeemed Standard silver dollars. Subsidiary silver coin Minor coin • Transfers for deposits in New York—money for moving the crops, etc Use of order gold certificates for exchange Deposits of gold bullion at mints and assay offices, 1912 and 1 9 1 3 . . . : Shipments of currency from Washington, 1912 and 1913 Recoinage, 1912 and 1913 .^ Redemption of national-bank notes , Spurious issues detected in the fiscal year Special trust funds and changes therein during the fiscal year District of Columbia sinking fund Legislation recommended Page, :. 217 218 218 219 220 220 221 221 221 222 223 224 224 225 226 226 227 229 230 230 230 231. 232 232 233 234 Tables accompanying the report ofthe Treasurer. No. 1.—Receipts and disbursements for the fiscal year 1913 No. 2.—Net ordinary receipts and disbursements for each quarter of the fiscal year 1913 No. 3.—Receipts and disbursements on account of the Post Office Department for the fiscal year 1913 No. 4.—Post Office Department warrants issued, paid, and outstanding for the fiscal year 1913 • , No. 5.—Assets and liabilities of the Treasury offices, June 30, 1913 No. 6.—Assets of the Treasury in the custody of mints and assay offices, J u n e 30, 1913 No. 7.—General distribution of the assets and liabilities of the Treasury No. 8.—Distribution of the General Treasury balance, June 30, 1913 No. 9.—Available assets and net liabilities of the Treasury at the close of June, 1912 and 1913. : No. 10.—Assets and liabilities of the Treasury in excess of certificates and Treasury notes at the close of June, 1912 and 1913 No. 11.—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, 1908 No. 12.—Estimated stock of silver coin, the amount in the Treasury, and t h e amount in circulation at the end of each month, from January, 1908. Also silver, other than stock, held in the Treasury. No. 13.—^United States notes. Treasury notes, and national-bank notes outstanding, in the Treasury, and in circulation at the end of each month, from January, 1908 No. 14.—Gold certificates and silver certificates outstanding, in the Treasury, and in circulation at the end of each month, from January, 1 9 0 8 . . . No. 15.—Estimated stock of all kinds of money at the end of each month, from January, 1907 No. 16.—Estimated amount of all kinds of money in circulation at the end of each month, from January, 1907 No. 17.—Assets of the Treasury other than gold, silver, notes, and certificates at the end of each month, from January, 1907 • No. 18.—Assets of the Treasury at the end of each month, from January, 1907. No. 19.—Liabilities of the Treasury at the end of each month, from January, 1907 : , No. 20.—United States notes of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1906 236 236 237 237 238 239 240 241 241 242 242 246 249 253 257 258 259 260 261 262 CONTENTS. VII Page. No. 21.—Treasury notes of 1890 of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1907 No. 22.—Gold certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1908 No. 23.—Silver certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year, from 1908 No. 24.—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 1906 No. 25.—Amount of paper currency of each denomination outstanding at the close of each fiscal year, from 1906 No. 26.—Old demand notes of each denomination issued, redeemed, and outstanding June 30, 1913 No. 27.—Fractional currency of each denomination issued, redeemed, and outstanding June 30, 1913 No. 28.—Compound-interest notes of each denomination issued, redeemed, and outstanding June 30, 1913 No. 29.-^One and two year notes of each denomination issued, redeemed, and outstanding June 30, 1913 No. 30.—^United States paper currency of each class, together with one and two year notes and compound-interest notes issued, redeemed, and outstanding June 30, 1913 \ No. 31.—United States notes and Treasury notes redeemed in gold, from 1879, and imports and exports of gold during each fiscal year, from 1897. No. 32.—^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, 1907 No. 33.—^Transactions between the subtreasury and clearing house in New York during each month, from January, 1907 No. 34.—Amount of each kind of money used in settlement of clearing-house balances against the subtreasury in New York during each month, from January, 1907 No. 35.—Balance in the Treasury, amount in Treasury offices, and amount in depositary banks, from 1789 to 1913 No. 36.—National banks designated depositaries of public moneys, with the balance held June 30, 1913 : No. 37.—Receipts and disbursements of public moneys through national-bank depositaries, by fiscal years, from 1901 No. 38.—Number of national banks with semiannual duty levied, by fiscal years, and number of depositaries with bonds as security, by fiscal years No. 39.—Shipments of silver coin from each office of the Treasury and mint for the fiscal years 1912 and 1913 : No. 40.—Shipments of silver coin from the Treasury offices and mints during each ficsal year, from 1901, and charges thereon for transportation.. No. 41.—United States bonds retired, from May, 1869, to June 30,1913 No. 42.—Seven-thirty notes issued, redeemed, and outstanding June 30,1913... No. 43.—Refunding certificates, act of February 26, 1879, issued, redeemed, and outstanding : '... No. 44.—Checks issued for interest oh registered bonds during the fiscal year 1913 No. 45.—Interest on 3.65 per cent bonds of the District of Columbia paid during the fiscal year 1913 No. 46.—Coupons from United States bonds and interest notes paid during the fiscal year 1913, classified by loans No. 47.—Bonds and other securities retired for the sinking fund during the fiscal year 1913, and total from May, 1869 No. 48.—Public debt at the close of June, 1912 and 1913, and changes duruig the year No. 49.—Public debt, exclusive of certificates and Treasury notes, at the end of each month, from January, 1907 No. 50.—Lawful money deposited in the Treasury each month of the fiscal year 1913 for the redemption of national-bank notes No. 51.—Disbursements from redemption accounts of national banks each month of the fiscal year 1913. No. 52.—Result of the count of national-bank notes received for redemption, by fiscal years, from 1900 264 265 266 267 269 271 271 271 271 272 272 273 274 275 276 278 286 287 287 287 288 288 288 289 289 289 290 291 292 293 293 293 Vm CONTENTS. No. 53.—National-bank notes outstanding at the end of each month, and monthly redemptions, from January, 1900 No. 54.—Redemptions and deliveries of national-bank notes each month of the fiscal year 1913 No. 55.—Redeemed national-bank notes delivered from the Treasury each month of the fiscal year 1913 No. 56.—Assets and liabilities of the 5 per cent redemption fund of national banks at the end of each month of the fiscal year 1913 No. 57.—National-bank notes received for redemption from the principal cities and other places, by fiscal years, from 1900, in thousands of dollars.. No. 58.—Disposition made of the notes redeemed at the National Bank Redemption Agency, by fiscal years, from 1900 , No. 59.—Mode of payment for notes redeemed at the National Bank Redemption Agency, by fiscal years, from 1900 '... No. 60.—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 1900 No. 61.—Deposits, redemptions, and transfers and repayments on account of the retirement redemption account, by fiscal years, from 1900 No. 62.—Expenses incurred in the redemption of national-bank notes, by fiscal years, from 1900 No. 63.—General cash account of the National Bank Redemption Agency for the fiscal year 1913, and from July 1,1874 No. 64.—^Average amount of national-bank notes redeemable and amount redeemed, by fiscal years, from 1900 No. 65.—Percentage of outstanding national-bank notes redeemed and assorted each fiscal year from 1903, by geographical divisions No. 66.—Average amount of national-bank notes outstanding and the redemption, by fiscal years, from 1875 (the first year of the agency) No. 67.—Changes during the fiscal year 1913 in the force employed in the Treasurer's office No. 68.—Appropriations made for the force employed in the Treasurer's office, and salaries paid during the fiscal year 1913 • R E P O R T OF THE DIRECTOR OF THE M I N T . Operations of the mints Philadelphia Mint San Francisco Mint : Denver Mint Assay office at Charlotte closed Assay office at New York. Western assay offices Employees and expenditures of the Mint Service, 1893-1913 Gold-certificate bars ' Estimates for the fiscal year 1915 Appropriations for 1913 Parting and refining fund Consolidated income and expenditures Deposits of gold bullion '... Deposits of foreign gold bulhon and coin Deposits and purchases of silver ' Deposits of foreign silver bullion and coin Coinage Purchase of minor coinage metal Purchase of minor coinage blanks Distribution of minor coins Philippine coinage Work of the Government refineries By-products of refineries Exchange of fine gold bars for gold coin and gold bullion Mint at Philadelphia Mint at San Francisco : Mint at Denver Assay office at New York Assay office at Seattle Other assay offices °. • Life of coinage dies Page. 294 295 295 295 296 296 297 297 297 298 298 298 299 300 300 300 301-397 .^ .' 301 301 302 302 302 304 305 306 307 307 307 309 309 311 311 311 312 312 314 314 314 315 316 316 317 317 331 335 341 344 345 345 CONTENTS. IX R E P O R T OP THE DIRECTOR OF THE MINT—Continued. Page. Deposits, earnings, and expenditures b y institutions Operations of t h e melter and refiners and t h e coiners Wastage ^and loss on sale of sweeps and gains from operations Receipts and disposition of gold bullion Balances, receipts, and disbursements Laboratory of the Bureau of the Mint Proceedings of the Assay Commission, 1913 Movement of gold from port of New York Net exports United States gold coin Stock of money i n United States Standard silver dollars used i n subsidiary silver coinage Recoinage of uncurrent silver coins United States gold in Canada Monetary systems and approximate stock of money in principal countries of t h e world, 1912 Monetary stocks Gold movement to India Gold and prices Average wholesale prices for 1912 World prices. . United States gold coin imported and melted b y various countries, 1912 Values of foreign coins 346 346 348 • 348 349 349 350 352 354 354 356 357. 357 358 360 360 361 364 364 366 367 Tables accompanying the report of the Director of the Mint. No. 2.—Domestic production, deposits, purchases of gold b y value, 1913 No. 4.—Domestic production, deposits, and purchases of silver b y subsidiary coinage value, 1913 No. 5.—Mutilated and uncurrent domestic coins received for recoinage, 1913.. No. 7.—Earnings and expenditures of t h e United States Mints and Assay Offices, 1913.....^ No. 12.—Seigniorage on coinage of subsidiary silver and minor coins, and distribution, 1913 No. 13.—Average price of a n ounce of gold in London and equivalent value in the United States since 1870 No. 14.—Bullion value of the silver dollar at the aimual average price of silver from 1837 No. 15.—Coinage of nations No. 18.—Coinage of gold and silver of the United States since 1873, fiscal y e a r s . . No. 19.—Coinage of t h e mints, authority for coining, changes in weight and fineness, etc No. 20.—Foreign coins melted b y various countries No. 21.—Recoinages of the world No. 22.—Coinage of t h e mints from their organizations, b y calendar years R E P O R T OF T H E COMPTROLLER OF T H E CURRENCY 372 374 376 378 379 379 380 381 381 383 383 384 399-481 Condition of national banks Loans and discounts of national banks Loans maturing i n 90 days or less Reserves of national banks Changes i n loans, bonds, cash, and deposits Savings depositors and deposits in national banks Classification of national banks b y capital stock Relation of capital to deposits, etc., of national banks Bonds and other similar investments b y national banks Productivity of loans and bond investments Percentage of principal items of assets and liabilities of national banks Development in national banking Bonded debt of the United States and national-bank holdings Deposits and withdrawals of bonds during the year Earnings and dividends of national banks National-bank shareholders National-bank notes in circulation Capital stock, bonds, and circulation Circulation issued, redeemed, and outstanding National-Bank Redemption Agency receipts and redemptions E3q)enses of banks incident to the issue of circulation, a n d expenses of the Ourrency B u r e a u - , . , . . . , . , . , . , . , . , . , , , , , , , . , , . . , . , . , . , . , . , , . . , . , . , . , . 370 399 403 405 406 409 410 411 412 412 413 413 414 417 417 418 419 421 422 423 424 425 X CONTENTS. R E P O R T OF T H E COMPTROLLER OF T H E CURRENCY—Continued. Profit on national-bank circulation Organization of national banks Extensions and expirations of charters Changes of title of national banks Voluntary liquidation of national banks National currency associations organized Clearing-house exchanges Rates for money , Reports of condition of banks in the United States The growth of banking in the United States The growth of banking in recent years Banking power of the United States Resources and liabilities of the banks, b y States Classification of loans and discounts in all banks Investments of all banks i n bonds and other securities Money in banks Distribution of money in the United States Individual deposits i n all banks i n the United States Savings deposits in all banks State, savings, and private banks, and loan and trust companies State banks Savings banks Mutual savings banks " Stock savings banks Private banks Loan and trust comi)anies Banks and banking i n t h e District of Columbia Banks and banking i n the island possessions Philippines Hawaii Porto Rico State and private bank failures Building and loan associations i n the District of Columbia Building and loan associations in the United States School savings banks Savings banks i n foreign countries Insolvent national banks R E P O R T OF THE R E G I S T E R OF THE T R E A S U R Y Page. • „ 426 426 429 430 430 , 431 432 433 434 438 443 444 444 449 450 451 452 453 454 456 459 459 463 465 466 466 467 468 468 469 469 470 473 473 . 475 475 479 483-492 Number and amount of bonds received, examined, entered, sealed, and signed Number and amount of bonds canceled Registered bonds redeemed Coupon bonds redeemed Registered bonds outstanding Coupon bonds outstanding Coupon and registered bonds outstanding Debt on which interest has ceased since maturity Coupon bonds Coupons Number and amount of paid interest checks received, etc Gold certificates Number and amount of different classes of notes and certificates received from various banks, etc Issue, redemption, and outstanding of various loans, etc Number and amount of redeemed securities on file R E P O R T OF T H E COMMISSIONER OF INTERNAL R E V E N U E 489 490 492 493-514 Accounts and statistics Receipts i n large tax-paying States and collection districts Cost of collecting internal-revenue taxes Estimated expenses for next fiscal year Salaries . Scale of salaries of collectors : Field f o r c e , , , , , , , , , , , , , , , . , , , , , , , ; , , , . , . , . , , . , , . , , . , . , . , . . , , , . , , . . . . , . 483 483 483 484 485 486 486 487 487 488 489 489 493 494 495 496 497 497 49^ CONTENTS. XI R E P O R T OF THE COMMISSIONER OF INTERNAL R E V E N U E — C o n t i n u e d . Objects of taxation Distilled spirits Denatured alcohol Industrial distilleries Distilleries Fermented Liquors Tobacco Special excise tax on corporations oleomargarine Adulterated butter. Renovated butter Laboratory work Claims Litigation Court decisions Legacy t a x cases Delinquent corporations Old judgments Legislation Stamps Revenue agents Recommendations— Denatm-ed alcohol Tobacco Oleomargarine Adulterated butter ,. ' • Page. 499 499 500 501 502 502 502 503 507 508 508 508 510 510 511 512 512 512 512 513 513 513 >513 514 514 ANNUAL REPORT ON THE FINANCES. TREASURY DEPARTMENT, Washington., December 1, 191S. SIR : The Secretary of the Treasury has the honor to make the following report: FINANCIAL AID TO DAYTON, OHIO. I n the latter part of March, 1913, a great storm swept over the Ohio Valley, causing disastrous floods, from which the city of Dayton, Ohio, became a special sufferer. So serious were the losses, that, as the waters began to recede, the banks in that city were afraid to reopen their doors because of the temporary impairment of confidence^—subsequently happily dissipated—in the recuperative powers of the city and in the ability of the banks to meet the extraordinary demands which might be made upon them. On the 4th of April, 1913, a telegram was received from the chairman of the Citizens' Eelief Committee, asking that a representative of the Department " be sent right away to see about financing our banking institutions," etc. A national-bank examiner was immediately dispatched to Dayton, and within twenty-four hours after his arrival, and upon his recommendation, the Department designated every national bank in the city of Dayton as a Government depositary, and announced that it would deposit in said national banks $2,000,000 of Government funds, to be secured by State, municipal, or other local bonds acceptable to the Secretary of the Treasury. The effect of this action was to restore confidence at once. The banks reopened their doors, and instead of the anticipated need of $2,000,000, the Treasury was called on for only $182,000. $500,000,000 EMERGENCY CURRENCY ANNOUNCEMENT. A special session of Congress convened on April 7,1913, and immediately began to consider the important questions of tariff and currency reform. The vast economic changes involved in these two important questions had ,the natural effect of causing in many quarters apprehension as to the possible effects of the anticipated legislation. A feeling of unrest began to pervade business circles. This 16726°—FI 1913 1 1 YI R E P O R T O N T H E FINANCES. was accentuated by a certain propaganda of pessimism which, whether designedly or not, produced a condition of extreme nervousness and tension. In the early part of June this assumed a serious aspect. Complaints began to reach the Department from many parts of the country that credits were being restricted, and that it was increasingly difficult to secure funds for the normal needs of legitimate business. To what extent these reports were justified there was no exact means of ascertaining, but the general conditions indicated a more or less acute state of affairs. In order to relieve anxiety and to let the business interests of the country understand that there was no occasion for unreasonable restriction of credits, and to destroy apprehension based upon unjustifiable fears, and to assure the country that the means were at hand to cope successfully with any situation that might arise, the Secretary announced that there was actually on hand in the Treasury and ready for immediate delivery to any and every bank complying with the requirements of the law, five hundred million dollars ($500,000,000) in new national-bank note currency, which the Secretary said he would not hesitate to issue under the provisions of the Aldrich-Vreeland Act of May 30, 1908, to banks making application therefor in accordance with the terms of that act. The relief occasioned by this announcement was instantaneous. Confidence of the banks in their ability to meet the demands of their customers was largely restored and the unfavorable symptoms promptly disappeared. So completely effective was this action that none of the five hundred million dollars ($500,000,000) of currency was applied for by the banks. CROP-MOVING DEPOSITS. Toward the latter part of July symptoms of uneasiness began to reappear. There was much talk about the difiiculty of moving the fall crops and the annual apprehension on this score began to stalk about the country with more than usual vigor. I t is a characteristic of our imperfect and unsatisfactory banking system that the very prosperity of the country becomes, at times, a menace, because of the apprehended inability of the banks to meet the seasonal demand for the large amounts of money required to move a bounteous harvest. Conditions were again becoming acute when the Secretary determined to deposit from twenty-five millions to fifty millions of dollars of Government funds in the national banks in those parts of the country where the necessity for funds to move the crops existed. The Secretary announced that, as security for such deposits, highclass commercial paper would be accepted at 65 per cent of its face value, bearing the indorsement of the depositary bank. This was an unprecedented step, because commercial paper had never before been accepted as security for Government deposits. I t was, how- SECRETARY OF THE TREASURY. ' 3 ever, a necessary and highly beneficial step, because it enabled the banks to obtain the required funds upon the pledge of available paper already in their vaults. If the banks had been obliged to secure these deposits with Government bonds or other fixed investments, the relief would not have been effective, because many of the banks would have been compelled to use the deposits for the purchase of the bonds required by the Government as security. In order to distribute intelligently the crop-moving deposits, three conventions of bankers were held at the Treasury Department in Washington during August, 1913, the first composed of bankers from the South and Southwestern States; the second composed of bankers from the Middle Western and Northwestern States; the third composed of bankers from the Pacific Coast and Eocky Mountain States. I t was not necessary to extend aid to the Eastern States, although the Department was ready to do so if it had been required. It was essential that the action of the Department should be nonpartisan and nonpolitical; the crops of Eepublicans, Democrats, Progressives, and all other classes of the people, had to be moved, and the earnest desire of the Department was to have the benefits of this action diffused as widely and impartially as possible. The clearing-house associations in each of the cities invited to participate in the conferences were asked, therefore,, to name the delegates. A most interesting and intelligent body of men assembled in Washington and discussed with the Secretary and Assistant Secretary Williams (in charge of the fiscal bureaus) the needs of their seveial communities and sections. As a result, allotment of these funds was made upon the basis of the testimony of their several representatives, as follows: South and Southwest Middle and Northwest Pacific Coast and Rocky Mountain Total '. $22, 550, 000 _______! 19,000,000 ^__ 4,950,000 46,500,000 The Department, having no machinery for the investigation of local credits, was obliged to rely upon the banks in the larger cities as instrumentalities for the distribution of Government funds to the banks in the smaller communities. I n the discussions at Washington, the representatives of the banks were urged to pass the Government funds on to their country correspondents upon reasonable terms. The Secretary is gratified to be able to say that in most instances this was done upon a basis that seemed fair to all concerned. The effect of this action was highly beneficial. Confidence was restored. The readiness of the Government to meet every reasonable need of the banks for the legitimate purposes of crop moving had the happy effect, so the Department is informed, of causing much 4- REPORT ON THE FINANCES. hoarded money to be deposited in the banks. This increased their ability to take care of their customers, and caused a decided relaxation in the demands of country correspondents for accommodation, which, prior to the announcement of the Secretary, had been much greater than usual, because the small banks were attempting, very naturally, to impound all the funds they could get to make them safe against the anticipated stringency. The moment it became loiown that the Government stood ready to assist, the tension was relieved, business resumed a normal aspect, and the fall movement of crops, trade, and commerce proceeded upon an easier and safer basis than for many years past. I t is interesting to note that of the fifty million dollars which the Department offered to place in the banks for crop-moving purposes, only $34,661,000 had been called for up to November 25, 1913. These funds will be gradually repaid to the Treasury beginning in January, 1914. CURRENCY LEGISLATION. The psychological arid practical value of these incidents can not be overestimated. They demonstrate clearly that any improvement in our financial system which will permanently establish confidence will in itself be an immense gain, and if that improved financial system assures the opportunity to secure at all times the necessary funds and credits to meet the expanding and legitimate needs of the commerce and industry of the country, it will be an achievement of enduring benefit. These incidents also show conclusively the enormous value of an altruistic governmental agency in the financial affairs of the country. So long as the Government has the power to intervene in a beneficent and unselfish way, the danger of panics and of unjust practices will be largely, if not wholly, destroyed. This is one of the chief objects sought in the proposed reformation and reorganization of our banking and currency system. The people of the country are to be congratulated upon the early prospect of sound legislation on this vitally important subject. Should the Congress enact the fundamentals of the pending measure, it is believed that permanent protection will be provided against recurring cornmercial crises and that adequate facilities will be created for that legitimate and sound expansion of credits so vital to the prosperity of our great and growing country. I t has been, and will continue to be, the policy and purpose of the Secretary to exercise all the powers of the Department for the protection of the public and the legitimate business interests of the country. SECRETARY OF THE TREASURY. 5 INTEREST ON GOVERNMENT DEPOSITS. Prior to 1908 interest had never been required on Government deposits. After the act of 1908 interest at the rate of 1 per cent per annum was collected on so-called " inactive accounts " in national banks. By " inactive accounts " is meant a special deposit (usually $1,000) which remains fixed or stationary in amount. The aggregate of such accounts on the 1st day of June, 1913, was $1,286,500, and the entire amount of interest collected by the Government thereon during the preceding period of about five years was approximately $715,000. On April 30, 1913, the Secretary announced that beginning June 1, 1913, all Government depositaries, active as well as inactive, would be required to pay interest at the rate of 2 per cent per annum on Government funds. Only 9 of the total number of national banks holding Government deposits refused to pay interest under the new regulation. Hundreds of applications were received from other banks seeking Government deposits on the new terms, many of which were granted. The Government has not had the slightest difficulty in placing its deposits at 2 per cent interest. On the 1st of November, 1913, the total amount of Government funds on deposit in national banks was reported at $98,334,917.36, which, if this average balance should be retained, would add to the net revenues of the Government approximately two million dollars ($2,000,000) per annum. A careful calculation has been made of. the amount of public money on deposit in national banks throughout the country for the 16 years preceding the 4th of March, 1913, namely, from 1897 to 1913, and it has been found that if the present policy of charging 2 per cent interest on such deposits had been established in 1897, the Government would have received during that 16-year period a total of about $30,610,381. INCOME TAX. The passage of the income-tax law on the 3d of October, 1913, placed new duties and great responsibilities on the Treasury Department. This law went into effect immediately with the proviso that collections at the source should begin on the 1st day of November, 1913. Only 28 days, therefore, were allowed the Department within which to prepare regulations covering the collection of the tax at the source. Many intricate and difficult problems are involved in the initiation of a new law so far-reaching in its effects and so complicated in its operations. The Department, however, took vigorous hold of the matter, and on October 25 issued the first of the series of 6 REPORT ON T H E FINANCES. necessary regulations, namely, those governing the collection of the tax, at the source, on coupon aiid registered interest payments on bonded debts of corporations, etc. Supplementary regulations are being issued from time to time, relating to other features and phases of the law. The additional organization required for the administration of this law is being created as rapidly as possible. A certain amount of confusion and inconvenience at the beginning is unavoidable, but every effort of the Department will be exerted fairly and justly to interpret, elucidate, and administer the law in a reasonable spirit. I t is estimated that there are 425,000 individuals subject to the income tax. The number of corporations making returns to the Department for the calendar year 1912 was 305,336, but of these, 244,220 claimed no income or a net income of less than $5,000 and were, therefore, not subject to taxation. Under the new law, all corporations having any net earnings whatever are subject to the payment of an income tax, whether their earnings be more or less than $5,000. I t is expected, therefore, that approximately 150,000 corporations which have heretofore been exempt will now be required to pay an income tax. CUSTOMS SERVICE. The principal achievement of the Customs Service in the fiscal year 1913 was the reorganization of that service under the Executive order dated March 3, 1913, in pursuance of the authority granted in the act of Congress approved April 23, 1912. Prior to this reorganization there were 126 customs districts and 38 independent ports. The limits of many districts were not clearly defined, and some of the districts overlapped, while large portions of territory were not included within any customs district. By the reorganization, the entire country was included in 49 customs districts, each with clearly defined limits, and all ports were included in one or another of these districts and subjected to the control aud supervision of the collector appointed for the district. The system of compensating collectors of customs through fees, storage charges, and other emoluments was abolished, and all collectors were placed on a salary basis payable by the Government, all fees collected being required to be deposited and accounted for to the credit of the United States. By the reorganization, the right of certain collectors of customs to sell blank forms at 10 cents each, solely for their own account arid benefit, was taken away. Prior to the reorganization, those having business with the customhouses where this practice was permitted SECRETARY OF THE TREASURY. 7 found it expedient to purchase their forms from collectors at a price ten or more times their actual value. Such forms are, under the reorganization, being sold at 1 cent each, and the proceeds are deposited to the credit of the Treasury. The reorganization as it actually went into effect on July 1, 1913, was, on a basis of expense, $356,000 annually less than the prior organization. During the latter part of the fiscal year 1913, when revision of the tariff was under consideration by Congress, this Department closely followed the legislation as formulated, in order to be in the best' position properly to administer the law when enacted, and cooperated with the various committees of Congress by furnishing such expert advice as it was able to command through its various officers and employees familiar with tariff legislation and the administration of the customs laws. The tariff act, materially reducing the rates of duty, went into effect on October 4, 1913, without any delays or inconvenience to business, other than the slight delay occasioned by the Jarge volume of warehouse withdrawals, due to the congestion of merchandise which had been stored in bonded warehouses pending the passage of the new act, and the natural rush to withdraw the same immediately after the act became effective. While the new act will be simpler of application than the act of 1909, the present indications are that the volume of imports will largely increase, and that the change from specific to ad valorem rates will require considerable adjustment in the customs force to meet the new conditions. The measure has not been in force for a sufficient length of time to make possible an accurate estimate of its ultimate revenue-producing powers. Convention of customs coUectors. I n view of the reorganization and consolidation of the customs service, and of the ncAv tariff act, it seemed advisable to call a convention of the collectors of customs in all parts of the country, including Hawaii and Porto Eico, for the purpose of devising new methods for increasing efficiency, reducing expenses, and eliminating useless and unnecessary processes, as well as to diffuse a uniform and common understanding of the requirements of the new law, to reimpress collectors of customs with the importance of their duties, and to establish more effective means of cooperation in the common work. This convention, the first of its kind ever held, was eminently successful. The interchange of views, and the consideration of the problems involved, will result in the elimination of useless efforts, a 8 REPORT ON THE FINANCES. saving in expenditures, and the standardizing of the work and rates of compensation paid for similar services at the various ports of entry. C H A N G E I N T H E M A N N E R OF H A N D L I N G AND DISBURSING P U B L I C F U N D S . On the 9th of January^ 1913, former Secretary MacVeagh issued Department Circular No. 5, which inaugTirated a radical change in the manner of handling and disbursing tJie public funds. The objects to be accomplished were announced as follows: For the purpose of bringing the ordinary fiscal transactions of the Federal Government more nearly into harmony with present business practices, it has been determined that the daily receipts of the Government shall be placed with the national-bank depositaries to the credit of the Treasurer of the United states. Disbursements will be made by warrant or check drawn on the Treasurer, but payable by national-bank depositaries, as well as by the Treasurer and subtreasuries. The new system of accounting went into operation on February 1, 1913, and, as usual in such changes, complications, confusion, and delays attended its introduction, causing some embarrassment, but gradually the difficulties at first encountered are disappearing, and the system appears to.respond to the public requirements, and to be accomplishing the purposes for which it was devised. P U B L I C H E A L T H SERVICE. The attention of the Congress is invited to the report of the Surgeon General upon the operations of the Public Health Service. The importance of this service can not be overestimated. I t is daily growing in usefulness. Through the Public Health Service we are securing real conservation of our human resources, the first of all of our natural resources. Conservation of our material natural resources will be enhanced and simplified if conservation of our human natural resources is of the right sort. A vigorous, virile, and healthful race is of superlative importance. By a wise enlargement of the functions and a rational extension of the facilities of the Public Health Service through constantly generous, but not prodigal, appropriations this vital end may be achieved. N E W R E V E N U E CUTTERS. The Congress is respectfully urged to grant the necessary authority and appropriation for the prompt construction of four new revenue cutters. The service is being seriously crippled for lack of these ships. The necessity for them is imperative. SECRETARY OF THE TREASURY. COAST GUARD. Suggestions frequently have been made for the consolidation of the Eevenue-Cutter Service and the Life-Saving Service into one organization, to be known as the " Coast Guard," for the purpose of increasing the efficiency of these two kindred branches of the Government, each of which is engaged in higlily important humanitarian work in time of peace. The Life-Saving Service will by this means secure a military status and will become a first naval reserve in time of war. Attention is invited to the remarks of the Captain Commandant of the Eevenue-Cutter Service on this subject, which are incorporated in the abstracts of reports of bureaus and divisions attached to this report. The Secretary is of the firm belief that the organization of a Coast Guard, as proposed, would be a wise act and constructive administration of the best sort. Unless this is done the personnel of the Life-Saving Service will deteriorate, and there will be increasing difficulty in maintaining the service at a reasonable point of efficiency. The humanitarian achievements alone of the combined EevenueCutter and Life-Saving Services, as evidenced by 4,423 human lives rescued from peril in the year 1913, justifies, if it does not require, the earnest and powerful support of the Congress. On the material side, the amount of property saved, or to which assistance was rendered, in the year 1913 alone, was $16,659,545. Material considerations combine with the humanitarian to emphasize the necessity for maintaining and improving this splendid service—a service unapproached in its unique and useful functions by that of any other nation in the world. ICE PATROL. During the months of April, May, and June last, the ice region in the North Atlantic Ocean was patrolled by the revenue cutters Seneca and Miami^ and warnings of the location of dangerous icebergs and floes were sent out by radio to the east and west bound trans-Atlantic steamships. The duty was performed at the urgent solicitation of the maritime associations at the principal seaports on the Atlantic Coast. I t is now nearly two years since the loss of the Titanic^ and during both ice seasons since that lamentable affair the patrol has been maintained practically by the United States Government alone. This patrol should be discontinued, and the important maritime nations should unite in defining lanes of travel across the North Atlantic, so as to avoid all danger of icebergs during the months of April, May, and June of each year, and compel the steamship companies to observe them. This would result in increasing, to some 10 REPORT ON T H E FINANCES. extent, the time of ocean passage during these three months, but it would, on the other hand, insure immunity from the dangers of icebergs during this season. The steamship companies should not be permitted to jeopardize needlessly human life for the purpose of shortening the trans-Atlantic journey by a few hours and saving a comparatively few dollars; but if they are, then they should be compelled to maintain an effective ice patrol at their own cost. Failing this, it would appear equitable that each of the maritime nations concerned should, in the future, perform its share of this duty if it be determined to maintain this patrol. This matter is to be brought to the attention of the International Conference on Safety at Sea, now in session at London, by the American delegate representing this Department. SAVING OF L I F E AND PROPERTY O N I N T E R I O R NAVIGABLE RIVERS AND WATERS. The annual overflowing of the Ohio and Mississippi Eivers and their tributaries, the great loss of life and property incident thereto, and the necessity, as evidenced last year, of sending from the Great Lakes and the Atlantic ports skilled men and life-saving apparatus to aid in saving lives in the inundated regions, present a legitimate field for the operations of the Eevenue-Cutter Service. Three typical light-draft river steamers should be constructed and equipped as revenue cutters; each of these craft provided with not less than 4 powerful motor lifeboats, and with such other life-saving appliances as may be necessary for work along the rivers. During the flood seasons, these cutters should be directed to follow the crest of the flood from Pittsburgh down to the mouth of the Mississippi, and there is but little doubt that their services would be of great value in rescuing lives and property, and in distributing food and clothing to marooned people. During flood times surgeons could be detailed to the cutters to render medical aid where needed. "When floods are not raging, the 3 cutters could be very efficiently used in patrol of these inland waters for the enforcement of the navigation and motor-boat laws, and in rendering aid to vessels in distress. Headquarters should be established at Louisville or Cincinnati on the Ohio, at St. Louis on the Upper Mississippi, and at Helena, Ark., or Vicksburg, Miss., on the Lower Mississippi. Cutters of this type can be constructed and properly equipped for $80,000 each, or a total of $240,000 for the three. The annual cost of maintenance would be approximately $80,000 for the 3 cutters, a small sum to expend for the saving of life and property when compared with the vast sums annually lost through these floods. SECRETARY OP T H E TREASURY. 11 PANAMA CANAL. Transactions in the finances of the Government during the fiscal year favored the maintenance of an adequate working balance in the Treasury, and it was therefore unnecessary to sell additional bonds for the construction of the Panama Canal. Expenditures on the waterway during the year, amounting to $41,741,258.03, were paid out of the general fund of the Treasury. The total net balance so expended from the general fund to June 30, 1913, reimbursable from the proceeds of bonds not yet sold, was $179,627,617.07. PUBLIC BUILDINGS COMMISSION. The public buildings act, approved March 4, 1913, provided for a commission, with the Secretary of the Treasury as chairman, which shall " present to Congress a connected scheme, involving annual appropriations for the construction and completion of public buildings heretofore authorized within a reasonable time, and shall frame a standard or standards by which the size and cost of public buildings shall, as far as practicable, be determined, and shall report as to the adaptability in size, accommodations, and cost of buildings hitherto authorized to the requirements of the communities in which they are to be located, and also w;hether the existing appropriations should be increased or diminished to meet such requirements." This commission has been organized and its work is well under way. A careful and thorough investigation of this important subject, in all of its phases, has been undertaken, and promises to produce excellent results. The report of the commission will, if possible, be transmitted to the Congress before the close of the fiscal year. CENTRAL HEATING AND POWER PLANT. The sundry civil act, approved June 23, 1913, authorizes the construction of a central heating and power plant and places the direction of this very important project in the hands of this Department. This plant will furnish heat, light, and power for the old and new buildings of the Bureau of Engraving and Printing, the buildings of the Department of Agriculture, the Treasury Building, the White House and the buildings on its grounds, the State, War and Navy Building, the Winder Building, the Mills Building, the Court of Claims Building, the new and old buildings for the National Museum, the Smithsonian Building, the Army Medical Museum Building, the Fish Commission Building, the Washington Monument, the District Building, the Post Office Department Building, and the buildings. 12 REPORT ON THE FINANCES. when constructed, for the Departments of State, Justice, Commerce, and Labor. At the time this plant is completed, it will undoubtedly be required to serve the new Interior Department office building authorized to be constructed on the site at Eighteenth and F Streets, the Lincoln Memorial, and any similar buildings or structures which may be authorized in the interim. The Department is now preparing to carry into effect the provisions of the existing legislation and arrange for the construction of this plant. CONTINGENT FUND. The " Contingent fund for the Secretary of the Treasury " for the current fiscal year is $20,000. This sum is wholly inadequate to do the effective work which can and ought to be done in the public interest. The activities of the Treasury Department are so great and varied, and are increasing so much with the rapid growth of the country and with the new duties and responsibilities imposed upon the Department—such, for instance, as the new income-tax law— that the Secretary should at all times have a sufficient fund to enable him to make effective investigations in any part of the country that will enable him to improve the administrative methods of the Department, to eradicate abuses, and to protect the public interest. I t is earnestly hoped that the Congress will grant an appropriation of $50,000 for the contingent fund. SECRETARY OF T H E TREASURY. 13 FINANCES. The following statements showing receipts, disbursements, estimates, and the condition of the Treasury are submitted: E E C E I P T S AND DISBURSEMENTS. Fiscal year 1918. The receipts and disbursements of the Government during the fiscal year ended June 30, 1913, were as foUows: (See details on p p . 18 to 23.) GENERAL F U N D . ' Receipts into t h e general fund, including various trust-fund receipts, but excluding postal revenues: Customs Internal revenue— Ordinary. $309, 410, 665. 81 Corporation tax 35, 006, 299. 84 344,416, 965. 65 2, 910,204. 69 57,892,663.64 Sales of public lands Miscellaneous Total ordinary receipts Disbursements from the general fund for current expenses and capital outlays, including various trust-fund disbursements, but excluding postal and Panama Canal disbursements: For civil establishment— Legislative establishment Executive office State Department , Treasury Department proper Public buildings, construction and sites. War Department, civil Department of Justice Post Office Department proper Postal deficiencies for prior years Navy Department, civil Interior Department proper Department of Agriculture Department of Commerce Department of Labor ^ Independent offices District of Columbia $318,891,395.86 724, 111, 229. 84 13, 291, 813. 52 592, 014. 73 4, 978, 380.09 48,092,168. 39 14, 021, 781. 21 2,220,460.24 10, 423, 632.19 2,169, 340. 97 1, 027, 368. 79 829, 554. 96 22, 383, 756. 70 20,469,027. 70 11,263,457.08 3, 347, 380.11 2, 878, 325. 95 12, 841,210. 79 170, 829, 673. 42 For military establishment, including rivers and harbors, forts, arsenals, seacoast defenses, and miscellaneous 160,387,452. 85 1 Includes all expenditures made during 1913 for bureaus and offices transferred to the Department of Labor. 14 REPORT ON THE FINANCES. Disbursements from t h e general fund for current expenses and capital outlays, etc.—Continued. For naval establishment, including construction of new vessels, machinery, armament, equipment, improvement at navy yards, and miscellaneous $133,262,861. 97 For Indian service 20, 306,158. 90 For pensions 175, 085, 450. 29 For interest on the public debt 22,899,108.08 Total ordinary disbursements $682, 770, 705. 51 Excess of ordinary receipts Panama Canal disbursements: Disbursements for canal provided from general fund Excess of disbursements including t h e Panama Canal Issues and redemptions of public debt: National-bank note fund— Redemptions $24,089,035. 50 Receipts 21,471,010. 00 Excess of redemptions over receipts Miscellaneous redemptions. 41, 340, 524. 33 41, 741, 258. 03 400, 733. 70 2,618,025. 50 102,575.00 3,121,334.20 Postal savings— Proceeds of bonds issued on savings deposits Total excess of disbursements over receipts into general fund 1,929,840.00 1,191,494.20 General-fund balances: Balance in general fund June 30, 1912 Excess of general-fund disbursements for year 167,152,478. 99 1,191,494. 20 Balance in general fund June 30, 1913 165, 960, 984. 79 SUMMARY OF G E N E R A L - F U N D TRANSACTIONS. Fiscal year ended June 30, 1913. Ordinary receipts, including various trust-fund Receipts. receipts, b u t excluding postal revenues $724, 111, 229.84 Disbursements for current expenses and capital outlays, including various trust-fund disbursements, b u t excluding postal and Panama Canal disbursements Panama Canal disbursements National-bank note fund: Receipts 21,471,010. 00 Redemptions Miscellaneous redemptions of the public debt Receipts-, postal savings bonds 1, 929, 840. 00 Total receipts into the general fund Excess of disbursements over receipts Grand totals Disbursements, $682, 770, 705. 51 41,741, 258.03 24,089,035.50 102, 575. 00 747, 512,079. 84 . 1,191,494. 20 748, 703, 574. 04 748, 703, 574. 04 SECRETARY OF THE TREASURY. 15 POSTAL SERVICE. Exclusive of Post Office Department proper, which is included in "civil establishment." Postal revenue receipts Postal service paid from postal revenues of the year Excess of postal receipts $266, 619, 525. 65 262,108, 874. 74 4, 510,650. 91 Grants from the Treasury were made during the year for deficiencies in the postal revenues of prior years amounting to 1, 027, 368. 79 UNITED STATES NOTES (GREENBACKS). Issues to replace worn and mutilated notes Worn and mutilated notes retired 163,000, 000. 00 163,000,000.00 The redemptions during the year of the notes unfit for circulation necessitated the issue of a like amount thereof to maintain the outstanding aggregate of the notes as required by law. GOLD RESERVE FUND. Balance in reserve fund June 30, 1912 Balance in reserve fund June 30, 1913 $150,000,000.00 150,000,000.00 The redemptions of notes for gold from the reserve fund during the year were: United States notes, $67,850,957, and Treasury notes of 1890, $67,830, a total of $67,918,787. As the redeemed notes were exchanged each day for gold in the general fund, the reserve was maiitained at the fixed sum of $150,000,000 required by law. TRUST FUNDS. Reserved against outstanding gold and silver certificates and Treasury notes of 1890. Issues: Gold certificates issued $468, 730,000. 00 Silver certificates issued 403,952,000. 00 Total set aside in trust funds Redemptions: Gold certificates redeemed. Silver certificates redeemed Treasury notes of 1890 redeemed Total redemptions paid out of trust funds $872, 682,000.00 421,840,200. 00 401, 951,000.00 269,000.00 824,060,200.00 Increase in trust funds during year 48, 621,800.00 Of the certificates issued the sum of $823,791,200 was to replace worn and unfit certificates presented for redemption; and Treasury notes of 1890, amounting to $269,000, were redeemed and retired, the net result being an increase in the trust funds of $48,621,800. Balances in trust funds June 30, 1912.'. 1, 524, 535, 369.00 Balances in trust funds June '30, 1913 1, 573,157,169.00 16 REPORT ON THE FINANCES. SINKING FUND. The securities redeemed on account of the sinking fund, included in general-fund disbursements, were as follows: Fractional currency 1-yearnotes of 1863 2-year notes of 1863 Old demand notes Compound-interest notes Refunding certificates Funded loan of 1907 Ten-forties of 1864 $1,545.00 30.00 50.00 130.00 190.00 480.00 99, 950.00 100.00 Total 102, 475.00 CONDITION^ OF THE TREASURY J U N E 30, 1913. The public debt of the United States at the close of the fiscal year, as stated in the debt statement of June 30, 1913, 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 Panama Canal loan, 3 per cent. Postal savings bonds, 2\ per cent $118,489,900.00 r 63,945,460.00 « ^ 646, 250,150. 00 84, 631,980.00 50,000,000.00 2, 389,120. 00 ^ " . Debt on which interest has ceased: Funded loan of 1891 Loan of 1904 -. Funded loan of 1907 Refunding certificates Old debt Debt bearing no interest: United States notes (greenbacks) National-bank notes, redemption account... Old demand notes 1 .^... Fractional currency $965,706,610.00 28, 650. 00 13, 250. 00 700,400. 00 13, 570.00 903,680.26 1, 659, 550. 26 346,681,016.00 22,092,806.00 53,152. 50 6,854,609. 90 375, 681, 584.40 Total interest and noninterest-bearing debt. 1, 343,047,744. 66 Certificates and notes issued on deposits of coin and silver bullion:, Gold certificates „-.•--.. ^ 1,086,947,169.00 Silver certificates 483, 550,000.00 Treasury notes of 1890 2, 660,000. 00 1,573,157,169.00 Total debt June 30, 1913 2, 916, 204, 913. 66 I Including $220,000 gold certificates issued June 30, 1913; advices not received in time for inclusion in tbe public-debt statement of that date. SECRETARY OF T H E TREASURY. CASH IN THE T R E A S U R Y J U N E 30, 17 1913. [From revised statements.] Reserve fund: Gold coin and bullion $150,000,000. 00 Trust funds: Gold coin and bullion Silver d o l l a r s . . . . . Silver dollars of 1890 $1,086,947,169.00 483,550,000.00 2, 660,000. 00 1, 573,157,169. 00 General fund: I n Treasury officesGold coin $25,413, 866. 87 • Gold certificates 82, 949,460. 00 Standard silver dollars. 9, 936,070. 00 Silver certificates 14,421,408.00 United States notes.... 9,465,836. 00 Treasury notes of 1890. 3, 330.00 National-bank n o t e s . . . 15, 311, 542.47 Certified checks on banks 343,190.58 157, 844, 703. 92 Deduct current liabilities— National-bank 5 per cent fund $28,092,127. 73 Less notes in process of redemption 28,092,127. 73 Outstanding warrants and checks Balances to credit of disbursing officers.., Post Office Department balances Miscellaneous i t e m s . . . Postal savings—5 per cent account 34,118,314.81 90, 590, 674. 36 6,452, 334. 59 10, 618, 605.32 2, 540, 446. 92 144,320,376.00^ Less warrants and checks not cleared 57, 528, 598. 04 86, 791, 777. 96 In Working balance in Treasury offices national-bank depositories— To credit of t h e Treasurer of t h e United States $69, 746,133.15 To credit of disbursing officers 6,517,48L91 71,052, 925. 96 76,263, 615. 06 16726°—FI. 1913- 18 REPORT ON T H E FINANCES. General fund—Continued. I n treasury of the Philippine Islands— To credit of t h e Treasurer of t h e United States To credit of United States disbursing officers $1,061,897.26 2,910,482.71 $3, 972, 379. 97 80,235,995.03 Deduct current l i a b i l i t i e s Outstanding warrants. Balances to the credit of disbursing officers. 710,674.15 9,427,964. 62 10,138,638. 77 Balances in banks and in treasury of Philippine Islands In Treasury offices— Silver bullion (at cost) $2,064, 332.43 Subsidiary silver coin 20,737,926.12 Fractional currency 276.87 Minor coin 1,997,166. 63 Awaiting reimbursement, United States bonds and interest paid 11,000. 52 $70,097, 356.26 24,810,702.57 Total balance in general fund June 30, 1913 165,960, 984. 79 167,152,478. 99 Total balance in general fund J u n e 30, 1912. 1,191,494.20 Decrease in 1913 Comparison of receipts, fiscal years 1912 and 1913, 1913. Increase, 1913. Decrease, 1913. Customs S318,891,395.86 |$311,321,672.22 S7,569,723.64 Internal revenue: Ordmary , 309,410,665.81 293,028,895.93 16,381,769.88 Corporation tax , :35,006,299.84 28,583,303.73 6,422,996.11 2,910,204.69 5,392,796.75 S2,482,692.08 Sales of public lands , 97,162.12 1,798,038.57 1,700,876.45 Consular fees 105,081.41 539,418.85 644,500.26 Chinese indemnity 5,545,148.05 6,970,159.43 1,425,011.38 Profits ou coinage, bullion deposits, etc... 1,446.24 9,493.19 8,046.95 .Payment of interest by Pacific railways.. 93,050.30 3,730,059.08 3,637,008.78 Tax on circulation of national banks 40,675.01 34,609.91 6,065.10 Interest on public deposits 234,084.84 4,113.44 229,971.40 Night services, customs service 1,387,114.94 1,588,201.84 201,086.90 Customs fees, fines, penalties, etc Navy hospital and clothing funds, fines 1,026,118.12 1,326,013.43 and forfeitures, etc , 299,895.31 202,432.25 Sales of ordnance material, etc 224,732.28 22,300.03 390,490.11 Land fees 1,643,041.08 1,252,550.97 701.84 Fees on letters patent , 2,076,399.85 2,077,101.69 Compromise and repurchase of forfeited 648,582.95 648, 682.95 lands , 67,470.31 Depredations on public lands 161,070.71 103, 600.40 Proceeds of town sites, Reclamation Serv2,560.64 15,224.10 ioe , 17, 784.74 308,582.24 2,158,344.99 Forest reserve fund 2,466, 927.23 3,336,519.33 1,398,542.67 4,735, 062.00 Immi^ant fund. , 244,442.25 390, 425.50 145,983.25 Natural!zation fees 385,862. 28 255,221.71 130, 640.67 Proceeds of sealskins • 225,639.43 19,732.15 205, 907.28 Alaska fund 1,274,839.66 150,889.79 1,123, 949.87 Judicial fees, fines, penalties, etc. , 19 SECRETARY OF T H E TREASURY. Comparison of receipts, fiscal years 1912 and 1913—Continued. 1913. Sales of Government property Rent ofpublic buildings, grounds, etc Sales of lands and buUdings District of Columbia, general receipts Funds contributed for river and harbor improvements Panama Canal, rentals, work done, e t c . . . Reimbursements on account of expenditures made for Indian tribes Miscellaneous 1912. Increase, 1913. .Decrease,1913. $3,480,618.06 268,301.09 72,795.79 8,070,369.29 $2,782,028.47 204,342.69 33,201.30 7,774,381.09 $698,689.59 63,958.50 39,594.49 295,988.20 1,020,620.00 1,693,147.47 652,000.00 1,251,610.00 368,620.00 441,637.47 531,915.82 2,160,039.75 829,925.88 1,904,513.89 255,525.86 $298 010.06 TRUST FUNDS. Library of Congress: Trust fund bequest Department of State: Miscellaneous trust funds 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 pubhc lands.. Proceeds of Indian lands Indian moneys, proceeds of labor Miscellaneous trust funds Personal funds of patients. Government Hospital for Insane Pension money. Government Hospital for Insane District of Columbia: MisceUaneous trust fund deposits Washington redemption fund Pohce and firemen's rehef funds Other trust funds Total Deduct— Moneys covered by warrant in year subsequent to the deposit thereof. AddMoneys received in fiscal year but not covered by warran t Ordinary receipts 20,000.00 1,149,880.22 968,8.32.86 1,589,835.51 504,289.93 4,5.18.19 284,608.56 159,880.80 1,869,401.54 446,597.88 279,506.03 67,774.26 3,739,104.72 4,489,248.60 156,199.22 71,606.98 3,264,763.79 3,079,440.57 23,864.84 97,396.46 Public debt receipts.. Total receipts, exclusive of postal... Postal revenues Total receipts, including postal 457,003.92 148,922.20 59,687.02 57,692.05 4,518.19 10,958. 60 474,340.93 1,409,808.03 96,512.20 172,395.36 3,832.72 7,723.29 31,588.13 6,289.39 510,120.53 117,769.02 109,703.38 19,618.47 91,107.07 448,381.62 110,383.43 99,29L39 61,253.18 61,738.91 7,385.59 10,411.99 723,942,849.30 691,902,667.88 38,525,467.73 G, 485,286.31 38,525,467.73 6,361,083.80 337,590.05 461,792.56 723,605,259.25 691,440,875.32 505,970.59 337,590.05 168,380.54 724, 111, 229.84 691,778,465.37 38,693,848.27 Public debt: Proceeds of bonds, Panama Canal Premium on sale of bonds Panama Canal bond receipts... . Postal savings bonds National-bank note fund 20,000.00 181,047.36 124,202.51 32,358,366.00 830,738.15 1,929,840.00 21,471,010.00^ 23,400,850.00 747,512,079.84 266,619,625.65 31,634.71 6,361,083.80 32 358,366.00 830,738.15 33,189,104.15 • 459,280.00 20,078,365.00 1,470,560.00 1,392,645.00 53,726,749.15 2,863,205.00 33,189,104.15 33,189,104.15 745,505,214. 6:2 41,557,053.27 39,550, .187.95 246,744,015.88 19,875,509.77 1,014,131,605.49 992,249,230.40 61,432,563.04 39,550,187.95 20 REPORT ON THE FINANCES. Comparison of disbursements, fiscal years 1912 and 1913. 1913. 1912. Increase, 1913. Decrease,1913. CIVIL ESTABLISHMENT. Legislative: Senate House of Representatives Legislative, miscellaneous National Monetary Commission. Pubhc Printer . Library of Congress . Botanic Garden Total legislative Executive proper: Salaries and expenses Administration of the customs laws.. Inquiries for change of methods of transacting public business Civil Service Commission Total executive proper Department of State: Salaries and expenses '... Foreign intercourseDiplomatic salaries... Consular salaries Contingent expenses of foreign missions Contingencies of consulates Emergencies arising in the Diplomatic and Consular Service Miscellaneous items.. Trustfunds Total Department of State Treasury Department: Salaries Secretary's office and divisions thereof Contingent fund for Secretary Contingent expenses of department... Customs ServiceCollecting customs revenue Detection and prevention of frauds Refundmg excess of deposits Debentures or drawbacks Compensation in heu of moieties.. Miscellaneous refunds . Internal-Revenue ServiceExpenses of collecting Refunds and reliefs Suppressing counterfeiting and other crimes Accounting offices Miscellaneous offices Public Health Service Epidemic diseases Engraving and Printing... Paper, etc., for United States securities . Revenue-Cutter Service Revenue vessels Life-Saving Service Independent Treasury Mints and assay offices Public buildings— Sites,construction,and equipment Current maintenance Miscellaneous items. Special f u n d s Phil iDnine SDecial funds Night services. Customs Service.. Total Treasury Department War Department: Salaries and expenses Public buildings and grounds Total War Department Navy Department: Salaries and expenses $86,469.76 407,315.60 127,076.34 5,444,754.11 559,255. 78 29,792.17 $1,847,946.28 4,740,722.59 48,480.89 47,102.26 5,423,583.19 593,282.38 28,832.02 13,291,813.52 12,729,949.61 642,992.77 214,012.15 10,438.81 236,871.39 280,128.92 78,083.62 289,480.15 126,685.25 280,293.01 9,187.14 592,014.73 923,978.57 9,187.14 343,226.33 362,076.12 18,849.79 733,409.76 1,427,968.89 804,591.06 1,528,666.97 71,181.30 100,698.08 329,769.71 453,572.23 301,787.50 455,155.75 27,982.21 47,736.41 585,649.16 1,057,047.60 5,752.40 652,328.27 401,116.59 41,984.01 655,931.01 4,978,380.09 4,511,474.66 725,897.23 617,923.39 14,794.96 245,605.34 599,080.49 5,560.89 238,620.06 18,842.90 9,234.07 6,985.28 10,924,669.88 10,234,894.82 689,775.06 160,422.98 3,957,897.95 4,653,388.39 49,975.69 56,934.81 164,347.15 4,863,886.80 4,681,994.84 100,422.92 16,615.74 40,319.07 5,514,201.00 . 885,817.21 5,398,947.23 605,714.50 115,253.77 280,102.71 134,044.88 1,696,951.67 1,062,435.28 1,984,608.91 245,636.54 3,538,146.11 137,009.11 1,686,212.36 1,052,988.02 1,768,706.00 308,829.75 3,595,865.06 10,739.31 9,447.26 215,902.91 420,738.85 2,328,706.80 2n,063.88 2,344,609.83 566,743.09 1,067,509.26 425,068.19 2,318,630.08 628,628.86 2,398,619.67 678,938.93 821,615.48 245,893.78 14,021,781.21 4,704,202.99 167,076.50 18,034,385.07 4,802,747.07 9,697.57 157,378.93 308,986.22 229,075.98 126,308.71 238,687.97 183,677.51 62,113,949.60 65,942,023.34 1,993,629.28 1,857,794.17 §62,666.07 1,923,988.94 329,484.81 33,181.26 2,220,460.24 2,253,473.75 33,18L26 829,554.96 797,704.03 31,850.93 $1,934,416.04 5,148,038.19 175,557.23 21,170.92 960.15 $47,102.26 34,026.60 81,128.86 22,859.24 269,690.11 10,076.72 48,601.63 341,150.98 1,583.52 66,679.11 258,991.80 3,924.17 905,988.85 28,606.45 50,447.23 2,964.23 63,193.21 57,718.95 4,329.34 417,564.98 54,009.84 112,195.84 4,012,603.86 98,544.08 9,611.99 5,821,703.02 66,194.77 66,194.77 21 SECRETARY OF THE TREASURY. Comparison of disbursements, fiscal years 1912 and 1913—Continued. 1913. Interior D e p a r t m e n t : Salaries a n d expenses, office of Secretary General L a n d Office Public lands service.. I n d i a n Office Pension Office P a t e n t Office Bm*eau of E d u c a t i o n . . . Colleges for agriculture a n d t h e m e chanic a r t s Geological S u r v e y B u r e a u of Mines Office of S u p e r m t e n d e n t of Capitol B u i l d i n g and G r o u n d s National parks Beneficiaries Meridian Hill P a r k , District of Columbia P r o t e c t i n g l a n d s a n d p r o p e r t y in t h e I m p e r i a l Valley E n l a r g i n g t h e Capitol g r o u n d s Miscellaneous i t e m s Special funds— R e c l a m a t i o n fund F i v e , t h r e e , a n d t w o p e r cent f u n d s , sales of l a n d s R e v e n u e s of n a t i o n a l p a r k s a n d H o t Springs, A r k : P u b l i c schools, Alaska fund Miscellaneous special funds Trust f u n d s Deposits for surveying p u b l i c lands Miscellaneous t r u s t funds Total I n t e r i o r D e p a r t m e n t P o s t Office D e p a r t m e n t : Salaries a n d expenses Deficiency in postal revenues E s t a b l i s h i n g postal savings depositories • . . . Parcel p o s t e q u i p m e n t Miscellaneous i t e r n s . . T o t a l P o s t Office D e p a r t m e n t D e p a r t m e n t of A g r i c u l t u r e : Salaries and mi.^^oellaneous. Expenses, Animal Industry Meat i n s p e c t i o n . A n i m a l I n d u s t r y . . . . E x p e n s e s of P l a n t I n d u s t r y a n d cotton boll weevil investigation P u r c h a s e of seeds F o r e s t Service Acquisition of l a n d s for protection of watersheds, navigable streams E n f o r c e m e n t food a n d d r u g s act Agricultural e x p e r i m e n t s t a t i o n s . Weather Bureau Special f u n d s P a y m e n t s to States a n d Territories from N a t i o n a l Forests f u n d . R o a d s a n d trails for States Miscellaneous special f u n d s . . . . . . . T o t a l D e p a r t m e n t of Agriculture D e p a r t m e n t of Commerce: Salaries a n d expenses B u r e a u of S t a n d a r d s Census Office Coast a n d Geodetic S u r v e y Lighthouse Estabhshment B u r e a u of Fisheries F i s h hatcheries S t e a m b o a t - I n s p e c t i o n Service MisceUaneous i t e m s . T o t a l D e p a r t m e n t of C o m m e r c e — 1912. Increase, 1913 Decrease,1913. $10,253.10 $680,051.37 678,321.93 2,700,073.99 226,033.99 1,986,349.75 1,452,151.62 289,306.12 $690,304.47 661,395.72 2,729,591.31 225,821.32 1,754,329.26 1,458,800.39 283,841.59 2,500,000.00 ,1,268,782.60 564,986.66 2,500,000.00 1,266,147.12 506,547.21 587,573.08 165,388.40 623,921.36 436,069.62 170,989.25 640,886.96 51,922.93 439,249.92 50,240.46 1,119,156.72 65,932.61 169,360.84 314,006.42 248,073.81 6,607,086.09 8,980,014.45 2,372,928.36 238,889.77 247,856.76 8,965.99 59,454.18 58,250.74 34,728.72 99,825.37 50,809.19 20.75 40,37L19 7,441.55 34,707.97 161,510.47 213,643.24 207,923.19 202,607.71 11,135.63 22,383,756.70 24,036,297.82 1,639,643.96 1,555,422.65 1,027,368.79 1,597,691.58 1,568,194.88 230,305.23 370,217.26 13,395.83 287,653.80 7,79L62 370,217.26 5,604.21 3,196,709.76 3,461,231.88 375,821.47 5,972,89L65 1,283,929.54 2,933,855.04 6,437,372.31 1,271,413.07 3,003,165.17 12,516.47 1,617,185.43 286,549.94 2,998,875.59 1,382,915.04 295,184.94 2,763,402.35 234,270.39 897,245.99 536,518.57 1,598,565.32 1,636,466:27 111,518.70 517,336.69 1,588,434.24 1,608,347.30 785,727.29 19,181.88 10,131.08 28,118.97 506,603.58 153,524.49 46,816.29 482, .376.18 10,101.43 24,227.40 153,524.49 36,714.86 20,469,027.70 19,471,567.42 1,539,886.07 846,963.91 622,048.15 1,334,295.25 1,003,523.23 5,472,158.71 1,399,439.41 45,006.32 527,980.89 12,041.21 ' 782,942.31 553,708.30 2,274,531.29 959,241.17 4,956,516.21 839,483.94 65,472.57 520,619.18 5,732.72 64,02L60 68,339.85 44,282.06 515,642.50 559,955.47 11,263,457.08 10,958,247.69 1,265,91L68 $16,926.21 29,517.32 212.07 232,020.49 6,648.77 5,464.63 2,635.48 58,439.36 161,503.46 5,600.85 16,965.60 387,326.99 119,120.38 1,119,156.72 46,412.72 3,292,185.08 42,268.93 540,826.09 57,248.67 640,343.59 464,480.66 69,310.13 8,635.00 235,473.24 542,425.79 940,236.04 20,466.25 7,36i.7i 6,308.49 960,702.29 22 RE.PORT ON THE FINANCES. Comparison of disbursements, fiscal years 1912 and 1913—Continued. 1912. Department of Labor: Salaries and expenses Bureau of Labor Statistics . Bureau of Immigration and Naturahzation Regulating immigration Immigration stations Specif fund, immigration stations... Increase, 1913. Decrease, 1913. $35,65L21 164,154.16 $185,223.01 344,084.92 2,455,387.72 251,943.98 96,158.12 306,661.67 2,649,651.66 95,910.18 271,304.10 13,347,380.11 3,508,750.62 229,108.26 1,523,067.65 1,388,562.60 134,505.15 1,619,479.79 103,623.23 1,595,184.91 1,210,449.98 631,925.00 1,048,104.23 243,529.45 116,972.04 521,087.84 275,733.93 1,539,505.25 68,030.63 1,380,893.34 1,056,845.46 547,588.12 1,028,639.60 334,36L27 117,938.64 522,941.58 237,134.96 79,974.54 35,592.60 214,291.57 153,604.52 84,336.88 19,464.63 580,055:80 954,418.34 500,083.93 994,474.48 79,971.87 10,423,632.19 9,716,999.76 840,340.73 1,644,299.39 152,403.56 418,955.87 105,338.13 217,433.30 1,388,203.60 152,940.37 561,695.31 102,966.62 183,032.41 256,095.79 160,865.91 179,029.79 164,909.37 2,878,325.95 2,553,747.68' 11,249,763.13 11,610,777.41 836,348.25 8,279.42 662,707.64 10,098.68 173,640.61 605,758.16 116,694.95 105,472.26 18,894.62 • 410,145.24 113,300.00 100,276. 76 62,236.73 95,612.92 3,394.95 6,195.50 Total District of Columbia. 12,841,210.79 12,959,642.46 277,843.98 396,175.65 Total CivU Establishment.. 170,829,673.42 173,824,989.29 10,077,192.74 13,072,508.61 Total Department of Labor Department of Justice: Salaries and expenses Salaries of justices, assistant attorneys, etc Court of Claims 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 baihfls MisceUaneous expenses. United States courts MisceUaneous items Total Department of Justice. Independent bureaus and offices: Interstate Commerce Commission Smithsonian Institution National Museum Zoological Park Territorial governments State^ War, and Navy Department Building Commissions Total independent bureaus and offices District of Columbia: Salaries and expenses Special f u n d s Water department MisceUaneous special funds Trust funds— MisceUaneous trust-fund deposits. Washington redemp tion fund Police and firemen's relief funds.. Other trust funds $35,65L21 $21,068.85 37,423.25 *i56,'633."86' 194,263.94 "i75,'i45.'98 390,478.77 90,83L82 966.60 1,853.74 38,598.97 2,371.51 34,400.89 179,029.79 471,897. S 40,056.14 133,708.30 536.81 142,739.44 4,043.46 147,319.71 361,014.28 1,819.26 33,342.11 MILITARY E S T A B U S H M E N T . Quartermaster Corps 29,726,187.39 28,927, 678.89 797,608.50 Pay, etc., of the Army 48,559,871.71 44,539, 312.67 4,020,559.04 Subsistence of the Army .«.. 10,193,025.64 8,501, 166.01 1,691,859.63 National cemeteries 264, 762.33 6,263.65 258,498.68 Medical Department 960, 069.71 868,099.11 91,970.60 Ordnance Department .6,023, 446. 76 6,500,645.77 477,199.01 Engineer Department 4,034, 635.53 2,074,046.38 1,960,589.16 Signal Service 156,528.41 756,214.64 600, 686.23 Military Academy 51,122.15 1,261,078.96 1,209, 956.81 Improving harbors 9,923,121.43 9,974, 318.40 61,196.97 Improving rivers 31,539,430.41 25,573, 299.17 6,966,131.24 Military posts :.', 2,852, 014.61 2,469,855.80 382,158.81 National nomes for disabled soldiers 3,837,932.65 3,878, 816.92 40,884.27 397,338.84 State homes for disabled soldiers 1,549,771.16 1,152, 432.32 1,224,299.64 Militia 4,720, 167.04 6,944,466.68 232.12 Raising the U. S. S. Maine 72,139.48 210,092.64 Sufferers from floods, Mississippi and Ohio 169,797.29 711,840.79 881,638.08 VaUeys 98,780.49 100,455.79 1,675.30 Soldiers' Home interest account »Includes aU expenditures made during the fiscal year 1913 for bureaus and offices transferred to the Department of Labor, which was created March 4, 1913. 23 SECRETARY OF THE TREASURY. Comparison of disbursements, fiscal years 1912 and 1913—Continued. 1913. Monuments , War claims and relief acts Miscellaneous items. , Special funds: Wagon roads, etc.. Alaska fund.. Ordnance material, powder, etc.. For rivers and harbors MisceUaneous special funds Trust funds: Pay of the Army, deposit fund... Soldiers' Home permanent fund.. MisceUaneous trust funds , 1912. Increase, 1913. Decrease, 1913. $78,528.55 645,846.79 946,635.56 $166,887.58 391,774.27 875,372.94 227,932.05 61,616.40 807,770.00 137,158.89 152,061.77 139,778.03 97,000.00 1,189,163.52 486,319.23 4,618.19 1,848,012.94 647,400.00 45.00 4,473.19 160,387,452.85 148,795,421.92 16,035,153.96 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 Judgments, Court of Claims and United States courts General account of advances: Miscellaneous items Special f u n d s Naval hospital fund Ordnance material (proceeds of sales). Fines and forfeitures Clothing fund Trust f u n d s Pay, Marine Corps, deposit fund P a j of the Navy, deposit fund , Prize money 29,436,786.37 6,002,676.39 8,075,366. 28 2,964,348.85 ' 7,702,238.98 14,856,414. 42 5,477,048.18 9,972,017.46 536, 406.99 6,953,293.21 704,016.39 37,992,814.90 29,803,245.74 8,479,179. 80 8,619,441.00 3,218,959.31 8,506,224.25 12,938, 629.91 6,010,212.19 7,894, 616.51 460, 285.04 7,328,800.92 687, 509.52 37,373,323.49 198,381.77 130,376.10 69,148.62 2,294,316.37 10,632. 45 "58," 516." 67" 293,637.95 146,977.80 621,972.79 477,720.85 387,273. 63 75,407.42 959,014.75 71,579.38 197,891.53 452,362.70 963.54 72,942.00 470,617.73 1,323.69 124,949.53 Total Naval Establishment. 133,262,861.97 135,591,955.72 6,638,444.29 1,102,545.05 669,219.50 614,923.10 2,357,071.92 3,960,186.99 2,846,003.27 8,756,209.07 370.87 708, 780. 21 599, 820.36 1,726,047.38 3,369,303.71 3,387, 638.34 9,358,878.93 118,174.18 15,102.74 631,024.64 690,883.28 20,134,839.80 1,355,184.74 Total MUitary Establishment. $88,359.03 $254,072.52 71,262.62 75,870.28 78,161.63 710,770.00 137,158.89 658,849.42 161,080.77 4,443,123.03 NAVAL ESTABLISHMENT. 366,459.37 2,476,503.41 544,074.72 254,610.46 803,985.27 1,917,784.51 633,164.01 2,077,400.95 76,121.95 16,506.87 619,491.41 198,38L77 376,507.71 2,163,940.27 93,635.68 337,041.96 "477,'720.'85' 18,255.03 360.15 7,967,538.04 INDIAN SERVICE. Current and contingent expenses Fulfilling treaty stipulations Miscellaneous supports Interest on Indian trust-fund accounts. Support of Indian schools Miscellaneous expenses Trust funds .Total Indian Service. 20,306,158.90 175,085,450.29 22,899,108.08 Pensions Interest on the public debt Ordinary disbursements ^ Panama Canal disbursements... Public debt: National-bank note fund Funded loan of 1907 Miscellaneous redemptions.. Public debt disbursements 541,635.07 602,669.86 1,183,865.64 153,590, 456.26 21,494,994.03 22,616, 300. 48 282,807.60 2,770,705.51 654,553,963.47 54,883,777.36 41,741,258.03 35,327,370.66 6,413,887.37 24,089,035.60 99,950.00 2,625.00 28,527,711.60 116,360.00 4,266.03 4,438,676.00 16,400.00 1,641.03 4,456,717.03 24,191,610.50 28,648,327.63 Total disbursements, exclusive of postal 748,703,574.04 718f,529,66L66 61,297,664.73 Postal service, payable from postal revenues 2..: 262,108,874.74 246,744,015.88 15,364,868.86 including , 1,010,812,448.78 965,273,677.54 76,662,523.69 Total disbursements, postal 39,560.71 26,667,035.32 31,123,752.35 31,123,752.36 1 Exclusive of Panama Canal, public debt, and postal service disbursements. 2 Exclusive of grants from the 'jfreasury for deficiencies in postal revenues included in expenses of civil establishment, p . 21. 24 REPORT ON T.HE FINANCES. t^ ESTIMATES. The ordinary receipts for the fiscal year 1914 are estimated at $736,000,000 and the ordinary disbursements at $701,900,000, showing an estimated surplus of ordinary receipts over ordinary disbursements of $34,100,000 for the year ending June 30, 1914. Payments which may be made for the Panama Canal during the year from the general fund, in the estimated sum of $41,000,000, would, however, absorb the excess of ordinary receipts and show an excess of disbursements of $6,900,000. With a new tariff and income tax law in operation under the act of Congress approved October 3, 1913, it is evident that the annual revenues to be received under its provisions can not be approximated for the fiscal year ending June 30, 1915, as closely as would be the case if comparisons could be made with tha operations of this law for three-quarters of a preceding year. However, it is estimated that, for the fiscal year 1915, the ordinary receipts of the Government will be $728,000,000. The estimates for the"" ordinary and extraordinary appropriations for 1915 payable from the general fund of the Treasury, as submitted by the several executive departments and oflSices, are $714,684,675.02, which would indicate on the basis of estimated receipts an excess of ordinary receipts over ordinary expenditures of $13,315,324.98, but as the appropriations for public works can not be expended in full during the year, it is estimated that the charge upon the general fund for 1915 for ordinary purposes will not exceed $702,000,000, and that the ordinary receipts will therefore probably exceed the ordinary expenditures by the sum of $26,000,000. The estimated expenditures for the Panama Canal to be paid from the general fund without sales of bonds are estimated at $26,326,985, and the excess of ordinary receipts should therefore practically meet the payments which may be made for the canal under the appropriations as submitted for the year 1915. Detailed estimates for the fiscal years 1914 and 1915 follow: Fiscal year 1914. The ordinary receipts of the Government for the current fiscal year are estimated upon the basis of existing laws as follows: From customs ' From internal revenue: Ordinary Corporation excise tax Income tax— Corporations Individuals $270,000,000 $312,000,000 8,000,000 - 33,000,000 54,000,000 407,000,000 SECRETARY OF T.HE TREASURY. . 25 From sales of public lands From miscellaneous sources $3,000,000 56,000,000 Total estimated ordinary receipts 736,000,000 The disbursements for the same period are estimated as follows: For For For For For For the civil establishment the War Department the Navy Department the Indian Service pensions interest on the public debt $177,000,000 170,000,000 136,000, 000 21,000, 000 175,000, 000 .22, 900,000 Total estimated ordinary disbursements 701, 900,000 Estimated surplus of ordinary receipts For Panama Canal: Estimated disbursements to be made from the general fimd of the Treasury during the year without sales of bonds 34,100, 000 An excess of disbursements, including the Panama Canal, of Public debt: Redemptions of the public debt, including transactions in deposits and redemptions for the national-bank note redemption account under the act of July 14,1890, which, for the year ended J u n e 30, 1913, aggregated the net sum of $2,720,600, are excluded from the estimates, as payments on these accounts will probably be approxijnately offset by receipts from postal sa\dngs bonds. 6,900,000 41,000,000 POSTAL SERVICE. The Post Office Department estimates the probable expenditures for the postal service for the fiscal year 1914 at approximately $285,500,000, and believes t h a t if the business conditions of the country continue normal the postal revenues will probably equal the expenditures. Fiscalyear 1915. I t is estimated that upon the basis of existing laws the ordinary receipts for the fiscal year 1915 will be: From customs From internal revenue: Ordinary Income tax— Corporations Individuals. $249,000,000 $315,000,000 40, 000,000 65, 000,000 • From sales of public lands From miscellaneous sources Total estimated ordinary receipts 420,000,000 3,000,000 -56,000,000 728,000,000 The estimates of appropriations for the fiscal year 1915, as submitted by the executive departments and ofl&ces, are as follows: 26 REPORT ON THE FINANCES. Legislative establishment : ..:... $7, 533, 331.50 Executive establishment: Executive proper $599, 980.00 Department of State 354,060.00 Treasury Department 12, 597, 497.00 War Department 1, 944, 718.00 State, War, and Navy Department Building, expenses 285,020.00 Navy Department 862,390.00 Department of Interior 5, 761, 765. 00 Post Office Department 1, 850, 000. 00 Department of Agriculture 19, 061, 332. 00 Department of Commerce 4, 943, 810. 00 Department of Labor 790, 010. 00 Department of Justice : 612, 880. 00 Territorial governments 207,138. 20 49,870,600.20 Judicial establishment , 1, 242,110. 00 Foreign intercourse 4, 447, 042. 66 Military Establishment 105, 937, 544. 26 Naval Establishment, including increase of the Navy for new and prior Navy building programs, $19,262,000 and $19,073,234, respectively : 139,831,953.53 Indian Affairs 10, 208, 865. 06 Pensions , 169,150, 000. 00 Public works: < a Legislative $607, 000. 00 TreasuryDepartment, public buildings and.works. 8, 431, 343. 94 War Department, exclusive of rivers and harbors. 13, 044,173. 59 Rivers and harbors 41, 483, 895. 00 Panama Canal 26,326,985.00 Navy Department ' 4, 585, 500. 00 Department of Interior 495,995.00 . Department of Commerce 1, 910, 500. 00 Department of Labor 812,200.00 Department of Justice 220, 000. 00 97,917,592.53 Postal service payable from postal revenues 306, 953,117.00 Miscellaneous: Legislative $6, 340, 682. 96 Executive 32, 500. 00 Treasury Department 28, 472, 206. 00 War Department 6,160, 718. 81 Department of Interior 5, 789, 213. 32 Department of Commerce 8,461, 960.00 Department of Labor 3,161, 280. 20 Department of Justice 8, 666,187. 50 District of Columbia 14, 491, 614. 49 Smithsonian Institution and National M u s e u m . . . 821, 850. 00 Interstate Commerce Commission 1, 695, 000. 00 Board of Mediation and Conciliation 50, 000. 00 Commission on Industrial Relations 250, 000. 00 — 84,393,213.28 SECRETARY OF THE TREASURY. 27 Permanent annual appropriations: Interest on the public d e b t . . . , $22, 900, 000. 00 Refunds— Customs and internal revenue. $9,036,000.00 Other refunds 10,834,900.00 19, 870, 900. 00 Reclamation fund 9, 000, 000. 00 Sinking fund ! 60, 717, 000. 00 Miscellaneous. 18, 708, 507. 00 $131,196, 407. 00 Total estimated appropriations for 1915 1,108,681,777. 02 Deduct: Postal service payable from postal revenues, $306,953,117; sinking fund, $60,717,000; Panama Canal, $26,326,985; an aggregate of 393,997,102.00 Total estimates for ordinary appropriations for 1 9 1 5 . . . . . ^ Add estimates for Panama Canal appropriations Total estimated appropriations for 1915 to become a charge on the general fund without bond sales for the Panama Canal. Estimated ordinary receipts for 1915 Estimated ordinary expenditures for the year (see page 24) Estimated excess of ordinary receipts (which excess of receipts should meet payments for the Panama Canal appropriations as submitted for the year 1915)..'. 714, 684, 675. 02 26, 326, 985. 00 741, Oil, 660. 02 728, 000,000. 00 702, 000, 000. 00 26,000, 000. 00 POSTAL SERVICE. The Post OflB.ce Department estimates the probable expenditures for the postal service for the year 1915 at approxunately $307,000,000, and believes that if the business conditions of the country continue normal the postal revenues wUl probably equal the expenditures. 28 REPORT ON THE FINANCES. ESTIMATES FOR 1915 AND APPROPRIATIONS FOR 1914. Comparison of the estimates for 1915, with the appropriations for 1914, shows an increase in the 1915 estimates of $12,842,061.29, including the Panama Canal, as exhibited in the tables following: Statement of estimates of appropriations for 1915, increased over, appropriations for 1914. [ E x c l u d i n g s i n k i n g fund, a n d postal service p a y a b l e from t h e postal revenues.] D e p a r t m e n t s , etc. Legislative Executive D e p a r t m e n t of S t a t e , Treasury Department: T r e a s u r y D e p a r t m e n t , exclusive of public buildings Public buildmgs N e w revenue cutters War Department: W a r D e p a r t m e n t , exclusive of rivers and harbors Rivers and harbors Navy Department: N a v y D e p a r t m e n t , exclusive of buildmg program N a v y buildmg program, new N a v y b u i l d i n g p r o g r a m , prior y e a r s . . D e p a r t m e n t of t h e I n t e r i o r : D e p a r t m e n t o f t h e I n t e r i o r , exclusive • of jpensions a n d I n d i a n s Pensions Indians P o s t Ofiice D e p a r t m e n t , exclusive of p o s t a l service D e p a r t m e n t of Agriculture D e p a r t m e n t of Commerce D e p a r t m e n t of L a b o r D e p a r t m e n t of Justice Territorial g o v e r n m e n t s I n d e p e n d e n t offices D i s t r i c t of C o l u m b i a Interest o n t h e p u b l i c d e b t . . Ordmary , N e t increase i n o r d i n a r y . . PanamaCanal. Total Total n e t mcrease. 1915 estimates, 1914 a p p r o p r i a - Increase in Decrease i n including tions, includ- 1915 estimates 1915 estimates permanent ing p e r m a n e n t over 1914 a p - u n d e r 1914 a p annual. annual. propriations. propriations. $14,481,814.46 632,480.00 4,972,102.66 $13,474,489.50 677,170.00 4,567,322.66 50,395,703.00 8,066,343.94 365,000.00 49,702,876.40 14,552,500.00 133,730,154.66 44,158,495.00 117,172,430.44 53,631,239.00 16,667,724.22 108,826,086.53 19,262,000.00 19,073,234.00 108,164,423.53 • 35,325,695.00 661,663.00 3,009,639.00 24,414,473.32 169,150,000.00 17,608,865.06 25,138,351.51 180,300,000.00 15,401,819.67 2,207,045.39 .1,850,000.00 25,060,532.00 15,319,270.00 4,763,490.20 10,888,677.50 260,138. 20 3,159,500.00 15,346,314.49 1,917,565.04 23,959,824.37 11,093,813.00 3,443,290.00 10,287,226.00 220,410.00 3,012,215.12 12,220,113.11 1,100,707.63 4,225,457.00 1,320,200.20 601,451.50 39,728.20 147,284.88 3,126,201.38 691,784,675.02 22,900,000.00 684,162,774.35 22,860,000.00 35,522,243.96 40,000.00 27,900,343.29 714,684,675.02 707,022,774.35 35,662,243.96 7,661,900.67 27,900,343.29 $1,007,324.96 55,310.00 404,780.00 692,826.60 365,000.00 $6,486,166.06 9,472,744.00 723,878.19 11,150,000.00 67,565.04 26,326,985.00 21,146,824.38 6,180,160. 62 741,011,660.02 728,169,698.73 40,742,404.58 12,842,061.29 27,900,343.29 SECRETARY OF THE TREASURY. 29 Exhibit of appropriations for 1914. Appropriations made for the fiscal year 1914 and for prior years during the third session Sixty-second Congress, including those made in the sundry civil and Indian acts of the first session Sixty-third Congress, and estimated permanent and indefinite appropriations, and appropriations for the postal service payable from postal revenues $1,098, 602, 065. 64 . Deduct decrease in permanent appropriations for 1914 by current revised estimates therefor 86, 770. 63 1, 098, 515, 295. 01 Additional appropriations for 1914 and for prior years made by first session Sixth-third Congress 6, 327, 850. 09 Total appropriations for 1914 and for prior years Deduct— From appropriations of third session Sixtysecond Congress: Postal service for 1914 payable from the postal revenues $285, 376,271.00 Postal deficiencies of prior years payable from postal revenues 942, 854. 26 Deficiencies for prior years 27, 080, 512. 29 Sinkingfund 60,695,000.00 1,104, 843,145.10 374, 094, 637. 55 From appropriations of first session Sixty-third ConDeficiencies for prior years $2,513,908.82 Postal deficiencies payable from postal revenues 65,000.00 2, 578, 908. 82 r 376,673,546.37 Total appropriations for 1914, exclusive of sinking fund and postal service payable from postal revenues 728,169,598. 73 agreeing with the appropriations for 1914 shown in the preceding table, against which the estimates of appropriations submitted for 1915 show an increase of $7,661,900.67 in the ordinary, and $12,842,061.29 including tbe Panama Canal. Attention is respectfully called 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. W. G. MCADOO, Secretary. To the SPEAKER OF THE H O U S E OF REPRESENTATIVES. ABSTRACTS OF REPORTS OF BUREAUS AND DIVISIONS. The following is a summary of the reports of bureaus and divisions of the Treasury Department for the fiscal year ended June 30, 1913, with the exception that the figures in relation to public moneys and loans and currency are brought to November 1: TREASURER OF THE UNITED STATES. The ordinary revenues, by warrants, and adjustments for moneys received but not covered by warrants in the year were $724,111,229.84, an increase of $32,332,764.47 over those of 1912, while the ordinary disbursements were $682,770,705.51, an increase of $28,216,742.04, as shown by similar comparison. The net result of ordinary transactions was a surplus of $41,340,524.33. The balance in the general fund June 30, 1913, was $165,960,984.79, which was less by $1,191,494.20 than the balance on June 30, 1912. The working balance in the vaults of the Treasury was $71,052,925.96. Transactions in the governmental finances during the fiscal year favored the maintenance of an adequate working balance in the Treasury; therefore it was not deemed advisable to offer for sale additional bonds of the Panama Canal loan. The expenses incurred in the construction of the canal during the year, amounting to $41,741,258.03, were paid out of the general fund of the Treasury, and the total net balance so expended to June 30, 1913, reimbursable from the proceeds of bonds not yet sold, was $179,627,617.07. Postal savings bonds, authorized by the act of June 25, 1910, were issued during the year to the amount of $1,929,840, while the deposits of lawful money of the United States, under the act of July 14, 1890, to retire national-bank notes were $21,471,010, making a total of $23,400,850 in actual cash received on account of the public debt proper. The cash disbursements on account of the principal of matured loans and fractional currency were $102,575, and for national bank notes canceled and retired $24,089,035.50, a total disbursement for the public debt of $24,191,610.50. The net result was an excess of disbursements of $790,760.50. The trust funds, consisting of gold and silver dollars, held for redemption of the certificates and notes for which they are respectively pledged, amounted to $1,573,157,169 at the close of the last fiscal year, an increase of $48,621,800 as compared with that of 1912. The redemptions from the reserve fund during the fiscal year 1913 were, in United States notes, $67,850,957, and in Treasury notes of 1890, $67,830, making a total of $67,918,787. The redeemed notes were restored to the general fund in exchange for gold, and the reserve thereby maintained at the fixed amount of $150,000,000. There was 31 32 REPORT ON THE FINANCES. no apparent disposition on the part of holders of United States notes to use them in withdrawing gold coin from the Treasury. The transactions in the reserve fund represent more triily exchanges to secure an accommodation in denominations of currency. Gold continues to accumulate in the Treasury, and the holdings on June 30, 1913, amounted to $1,262,361,035.87, of which $1,011,245,007.44 was in coin. Set apart for the respective uses, it was held on the following accounts: Reserve fund, $150,000,000; trustfunds (for redemption of gold certificates in actual circulation), $1,003,997,709; and in general fund (belonging to the Treasury), $108,363,326.87. The imports of gold during the year were $69,194,025, the exports $77,762,622, and the net excess of exports $8,568,597. The United States bonds pledged to secure bank circulation increased $16,035,510 during the fiscal year and amounted to $740,529,250 on June 30, 1913. The securities pledged for pubhc deposits in national banks amounted to $61,646,300. Under the provisions of the act of June 25, 1910, estabhshing the Postal Savings System, the Treasurer of the United States held in trust, as security for postal savings, bonds and securities amounting to $63,851,061.42 on June 30, 1913 National-bank notes presented for redemption during the fiscal year 1913 amounted to $675,889,000, or 90.01 per cent of the average circulation outstanding. Of the total received, 47.62 per cent was sent by banks in New York City. The largest amount presented during a month was $79,753,664 in January, and the smallest, $41,816,565, in September. The national-bank notes assorted and dehvered during the year amounted to $669,405,645.50, of which $218,884,750 were returned to the respective banks of issue for further circulation. Redemptions of national-bank notes during the year have been in excess of the 5 per cent fund in all months except portions of December and January, and the Treasury advanced payment out of the general fund as the notes were received. The largest overdraft at one time was $23,914,635.44 on January 18, 1913. The expenses incurred for redemptions of national-bank notes during the year amounted to $517,842.93 and have been assessed upon the banks in proportion to their notes redeemed at the rate of $0.77293 per $1,000. At the close of the fiscal year 1913 the general stock of money in the United States amounted to $3,720,070,016, an increase of $71,199,366 as compared with that of 12 months earher. Gold took on a growth of $52,573,418, the silver coins advanced in volume by $4,872,034, and national-bank notes furnished $14,022,914 of the total increase. Treasury notes to the amount of $269,000 were canceled and retired. The money in circulation increased in volume by $79,225,356 and amounted to $3,363,738,449 on June 30, 1913. The circulation per capita was $34.56 and the share of gold to whole circulation 47.93 per cent. SECRETARY OF THE TREASURY. 33 The notes and certificates of United States paper currency issued during the fiscal year numbered 318,264,407 pieces, of the total value of $1,035,462,000. . The redemptions were 291,131,640 pieces, of the total value of $987,060,200. The pieces outstanding number 354,461,922, of the total value of $1,920,618,185. There is great demand for denominations of $5. and under, and the burden of supplying these denominations falls upon the Treasury. The department has employed all its resources to respond to the needs of business. Through the process of redeeming the larger denominations of United States paper currency and issuing smaller denominations in Ueu thereof, the Treasury has been enabled to supply the greater part of the demand for such bills. The denominations of gold certificates are restricted to $10 and above, but as the department is hmited in its resources for the issue of currency of small denominations it becomes more apparent each year that a $5 gold certificate is an absolute necessity. Large amounts of gold certificates are returned to the Treasury daily for redemption, usually accompanied with a request for the return of a part of the proceeds in denominations of $5. If the department was clothed with authority to issue a $5 gold certificate, it would be in condition to respond to all demands for denominations of $5 and under. The average cost of each piece of United States paper currency issued and redeemed is about 1.526 cents, and the annual cost of maintenance of the currency issued by the National Government averages shghtly more than one-fifth of 1 per cent of the amount outstanding. Shipments of gold, silver, and minor coins to depositors therefor, at the expense of the consignee for transportation, during the fiscal year were: Gold coin, $11,513,233.50; standard silver dollars, $12,560,078; subsidiary silver coin, $22,767,796.80; and minor coin, $5,391,313.92. The shipments of currency from the Treasury in Washington to the subtreasuries and to the banks during the fiscal year 1913 amounted to $882,677,335, against $761,847,077 during the preceding year. The balance of pubhc moneys on deposit in national banks at the beginning of the fiscal year 1913 amounted to $48,506,185.77. The working balance in the Treasury offices at the same time was $98,742,425.40, an amount largely in excess of the actual requirements of the department for the transaction of the pubhc business. As there was no necessity for withdrawing the pubhc deposits from national banks, there was but shght change in the total balances of pubhc moneys therein during the first half of the fiscal year. On January 9, 1913, the Secretary of the Treasury (Mr. MacVeagh) issued Department Circular No. 5, which inaugurated a radical change in the manner of handling and disbursing the pubhc funds. I t provided, first, that on and after February 1, 1913, every deposit of 16726°—FI 1913 3 34 REPORT ON THE FINANCES. funds to the official credit of a disbursing officer (except those stationed in the Philippine Islands) should be made with the Treasurer of the United States; second, all moneys standing to the ofl^icial credit of disbursing officers with assistant treasurers and active designated depositary banks at the close of business January 31,1913, should be transferred to hke credit of such disbursing officers with the Treasurer of the United States, through the medium of the general account of the Treasurer of the United States; third, aU Treasury Department warrants. Post Office Department warrants, disbursing ofl&cers' checks, checks in payment of interest on the public debt, and Secretary's special deposit checks should be drawn on the Treasurer of the United States. I t contemplated that each assistant treasurer and each active depositary bank should pay the warrants and checks enumerated in the foregoing when drawn on the.Treasurer of the United States and presented in due course of business; the warrants and checks so paid to be scheduled daily, charged in the regular transcript of the general account as a transfer of funds, and forwarded to the Treasurer of the United States. I t made necessary a more extended use of national banks as Government depositaries, and required an adjustment of the balances then in such depositaries with a view of making a broader distribution of the pubhc funds. At the close of January, immediately preceding the beginning of operations under the new system of accounting, the pubhc deposits in banks amounted to $46,580,888. 59. At the close of the fiscal year on June 30, 1913, the total balance of pubhc moneys held by banks was $76,263,615.06. District of Columbia. The net expenditures on account of the District of Columbia for the fiscal year 1913 by warrants paid were $12,841,210.79. The net revenues deposited in the Treasury by warrants on this account for the same period were $8,827,580.69. The amount of the funded debt retired during the year was $647,700, reducing the annual interest charge by $23,641.05. The total issue of the 3.65 per cent bonds is limited by law to $15,000,000, and of this sum $14,997,300 has been issued, of which $7,386,450 has been redeemed. The bonded debt outstanding June 30, 1913, consisted of $7,610,850 in bonds bearing 3.65 per cent interest. At the close of the fiscal year 1913 the 10 per cent guaranty fund retained from District of Columbia contractors amounted to $252,808.18, and was represented by $157,010 in bonds, purchased at the request and risk of contractors, and $90,143.35 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 cominissioner of the sinking fund of the District of Columbia. SECRETARY OF THE TREASURY. 35 COMPTROLLER OP THE CURRENCY. At the close of the fiscal year ended June 30, 1913, there were in active operation 7,492 national banks, with authorized capital of $1,063,986,175; bonds to secure circulation, $740,529,250; circulation outstanding on bonds, $737,065,050; and circulation secured by ' deposit of lawful money, $22,092,856, or a total of $759,157,906. Since the national-banking system was first estabhshed charters have been issued to 10,415 banks. Of the banks chartered, 2,420 have left the system by voluntary liquidation and 503 failed and affairs hquidated through instrumentahty of receivers. During the fiscal year the Comptroller of the Currency issued charters to 196 national banks, with authorized capital aggregating $15,195,000, which number included 48 conversions of State banks, 50 reorganizations of State and private banks, and 98 primary organizations. I n the same period 98 national banks discontinued business, of which 94 were placed in voluntarj^ hquidation by their stockholders and 4 failed and were placed in charge of receivers. I n addition a receiver was appointed for one bank that had been previously placed in voluntary liquidation by its shareholders. Of the banks placed in voluntary liquidation, 43 were either absorbed by or reorganized as State banks, 39 were taken over by national banks, 8 were reorganized as national banks, and 4 discontinued business. I n the number of banks liquidated are included 4 associations the corporate existence of which expired by limitation. The 5 banks for which receivers were appointed during the year had capital at the date of closing aggregating $750,000, and the liabihties to depositors and other general creditors amounted to $3,469,-546.59. Three of the 5 banks that failed paid dividends to creditors as follows: One, 50 per cent; one, 25 per cent; and one, 20 per cent. From the date of the passage of the national-bank act, February 25, 1863, to June 3, 1864, the date on which it was repealed, there were 456 national banks chartered, of which 226 are still in active operation. Under the act of 1864 charters were granted to 6,677 associations, under the gold bank act of 1870 to 10, and under the act of 1900 to 3,272. The act of March 14, 1900, authorized the incorporation of national banks with minimum capital of $25,000, and permitted the issue of circulation to the par value of bonds deposited, and reduced the tax on circulating notes. On that date there were in operation 3,617 national banks, and since that date to July 1, 1913, 5,151 national banks, with aggregate capital of $329,248,300, have been authorized to begin business, of which number 3,272 banks, with aggregate capital of $85,270,500, were chartered under authority of the act of March 14, 1900, with individual capital of less than $50,000. The 36 REPORT ON THE FINANCES. majority of these banks incorporated with the minimum capital of $25,000, the average capital of the banks of this class being $26,060. The remaining banks organized during the period mentioned, 1,879 in number, with capital of $243,977,800, were incorporated under the act of 1864. A comparison of conditions on March 14, 1900, with those of June = 30, 1913, shows the net increase in the number of banks in operation to be 3,875, and in authorized capital $447,678,080. Outstanding circulation of the banks has increased during t h a t period from $254,402,730 to $759,157,906—an increase .of $504,755,176. During the fiscal year 1913 the bond-secured circulation increased $16,640,940, or from $720,424,110 to $737,065,050. The amount of circulation secured by the deposit of lawful money was, at the close of business on June 30 last, $2,618,026 less than the amount on June 30 of the prior year. The total increase during the year of circulation secured by bonds and by lawful money amounted to $14,022,914. The percentage of national banks closed or which are being closed by receivers is 4.8; the percentage of voluntary, liquidations is 23.3. The banks in active operation represent 71.9 per cent of the total number chartered. The number and capital of national banks organized since March 14, 1900, by State and geographical divisions, together with the number and paid-in capital stock of national banks on June 4, 1913, appear in the following table: Summary by states, geographical divisions, and classes, of national banks organized from Mar. 14, 1900, to June 30, 1913, and the paid-in capital stock of all reporting national banks on June 4, 1913. • Capital S2'5,000. States, etc. No. C a p i t a l over $25,000 a n d less t h a n S50,000. C a p i t a l . No. Capital. C a p i t a l 150,000 a n d over. No. Capital. T o t a l organiza- r eNpaot ri ot innagl Jbuannek s4, tions. 1913. No. Capital. No. Capital p a i d in. N E W ENGLAND STATES. Maine New Hampshire Vermont Massachusetts R h o d e Island Connecticut 4 4 5 2 .sioo.ooo 5 125,000 Total 20 500,000 130,000 100,000 125,000 50,000 30,000 7 2 2 19 1 5 $385,000 200,000 150,000 4,450,000 . 500,000 250,000 11 7 7 21 1 10 $485,000 330,000 275,000 4,500,000 500,000 375,000 69 56 49 180 20 79 $7,740,000 5,285,000 4,985,000 58.042,500 6,320,000 19,314,200 36 5,935,000 57 6,465,000 453 101,686,700 172,794,600 22,292,000 118,979,040 1,723,975 16,982,710 6,602,000 339,374,325 E A S T E R N STATES. NewYork N e w Jersey Pennsylvania Delaware Maryland District of C o l u m b i a . . Total 107 2,675,000 55 1,375,000 230 5,750,000 6 150,000 32 800,000 .430 10,750,000 287,500 240,000 807,000 95,000 172,000 105 18,520,000 42 3,610,000 226 24,290,000 1,480,000 1,750,000 221 21,482,500 474 105 5,225,000 200 480 30,847,000 836 , 9 245,000 , 26 : 50 2,452,000 .105 12 5 1,750,000 49 1,601,500 391 49,650,000 870 62,001,500 1,653 I 24 3 5 13 5 S7 SECEETAEY OF THE TEEASUEY. Summary by states, geographical divisions, and classes, of national banks organized frorn Mar. 14, 1900, to June 30, 1913, and the paid-in capital stock of all reporting national banks on June 4, 1913—Continued. Capital $25,000. States, etc. No. Capital over $25,000 a n d less t h a n $50,000. C a p i t a l . No. Capital. C a p i t a l $50,000 a n d over. Capital. No. T o t a l organiza- N a t i o n a l b a n k s r e p o r t i n g J u n e 4, tions. 1913. No. Capital. No. Capital p a i d in. SOUTHERN STATES. 39 $1,275,000 11 $396,000 52 1,000,000 12 425,000 21 4 525,000 130,000 13 325,000 26 650,000 20 675,000 9 7 225,000 225,000 304,500 875,000 10 4 125,000 200,000 1 300,000 30,000 12 5,825,000 85 2,716,000 233 1 525,000 30,000 21 1,325,000 7 230,000 53 7 900,000 210,000 36 558 13,950,000 169 5,496,500 Virginia W e s t Virginia N o r t h Carolina S o u t h Carolina. Georgia Florida Alabama Mississippi; Louisiana Texas Arkansas Kentucky . Tenne-ssee 1 Total 46 $5,140,000 42 3,415,000 30 3,160,000 23 2,435,000 53 5,100,000 28 5,325,000 36 2,975,000 20 1,915,000 20 3,610,000 147 17,560,000 27 2,120,000 35 5,270,000 35 3,835,000 lOS $6,811,000 94 4,840,000 55 3,815,000 36 2,760,000 99 6,425,000 44 5,775,000 81 4,154,500 32 2,240,000 33 3,940,000 465 26,101,000 49 2,675,000 95 6,825,000 78 4,945,000 133 116 73 48 118 52 87 33 31 514 49 144 107 $17,668,500 10,158,132 8,610,000 6,365,000 15,218,500 7,475.800 9,964,500 3,385.000 8.220.000 50,155 000 5,065,000 17,765,900 13,015,000 542 61,860,000 1,269 81,306,500 1,505 173,066,332 MIDDLE W E S T E R N STATES. Ohio Indiana Illinois Michigan Wisconsin Minnesota Iowa Missouri :.. ; Total 109 90 168 14 37 179 117 37 2,725,000 2,250,000 4,200,000 350,000 925,000 4,475,000 2,925,000 925,000 19 15 19 4 4 15 21 15 658,000 483,000 663,500 130,000 125,000 471,000 710,000 480,000 89 72 99 27 30 30 67 42 12,925,000 10,450,000 14,750,000 4,890,000 3,550,000 4,700,000 4,070,000 16,085,000 217 177 286 45 71 224 205 94 380 254 457 99 129 271 340 133 61,969,100 27,858,000 75,407,935 15,010,000 17,770,000 25,356,000 23,005,000 36,035,000 753 18,775,000 112 3,720,500 456 71,420,000 1,319 93,915,500 2,063 282,411,035 123 70 104 94 23 12 52 24 •345 • 139 87 163 136 43 23 101 39 444 5,210,000 4,185,000 16,286,200 12,292,500 5,135,000 1,710,000 10,940,000 2,215,000 14,288,200 16,308,000 13,183,000 19,613,500 5,370,000 4,600,000 9,646,000 7,705,000 17,490,000 W E S T E R N STATES. North Dakota South Dakota Nebraska Kansas Montana WyomiTig Colorado N e w Mexico •Oklahoma. •. Total 3,075,000 7 1,750,000 4 2,600,000 20 2,350,000 11 4 575,000 300,000 1,300,000 • 11 4 600,000 8,625,000 30 847 21,175,000 215,000 120,000 .715,000 390,000 130,000 361,000 125,000 980,000 91 3,036,000 9 13 39 31 16 n 38 11 69 237 500,000 700,000 3,395,000 2,400,000 1,340,000 625,000 3,310,000 625,000 5,305,000 3,790,000 2,570,000 6,710.000 5,i4o;ooo 144 103 242 213 57 30 126 40 325 2,045,000 925,000 4,971,000 1,350,000 14,910,000 18,200,000 1,175 42,411,000 1,280 72,261,900 PACIFIC STATES. ' Washington Oregon Cahfornia Idaho Utah Nevada . Arizona Alaska Total 35 875,000 32 800,000 112 2,800,000 ' 30 750,000 7 175,000 3 75,000 4 100,000 2 3 6 0 1 70,000 91,000 190,000 200,000 30,000 1 30,000 223 5,575,000 19 611,000 31 3,545,000 27 2,295,000 121 26,612,800 14 1,010,000 6 1,275,000 9 1,225,000 5 250,000 1 50,000 68 .4,490,000 62 3,186,000 239 29,602,800 50 1,960,000 14 1,480,000 12 1,300,000 10 380,000 1 50,000 77 83 252 54 23 11 13 2 12,210,000 9,436,000 55,923,500 3,370,000 3,555,000 1,760,000 1,155,000 100,000 214 36,262,800 456 42,448,800 515 87,509,500 ISLAND POSSESSIONS. Hawaii P o r t o Rico Total G r a n d total 2 50,000 2 1 550,000 100,000 4 1 600,000 100,000 4 610,000 2 50,000 3 650,000 5 700,000 4 610,000 2,831 70,775,000 441 14,495,500 1,879 243,977,800 5,151 .329,248,300 7,473 1,056,919,792 38 REPORT ON T H E FINANCES. I t is of interest to note, in connection with the statistics submitted relative to the organization, capital, and circulation of national banks since 1900, the increase in the banking business generally, as evidenced by the reports of condition for February 13, 1900, the date of the call immediately preceding the legislation authorizing the incorporation of banks with a minimum capital of $25,000, etc., and those for June 4, 1913. Total assets of banks increased from $4,674,910,713.09 to $11,036,919,757.04; loans from $2,481,579,945.35 to $6,143,028,132.94; paid-in capital Stock from $613,084,465 to $1,056,919,792; outstanding circulation from $204,912,546 to $722,125,024; and individual deposits from $2,481,847,035.62 to $5,953,461,551.12. Comparison of the returns for June 14, 1912, with those for June 4, 1913, shows an increase in the number of reporting banks on the latter , date of 101, and in loans and discounts $189,123,701.09. Specie held decreased $32,688,060.36, while the holdings of legal-tender notes increased $1,467,806. Investment in United States bonds, including premium, increased $12,005,220.17. Over 92 per cent of the United States bonds owned or held by national banks is on deposit with the Treasurer of the United States to secure chculation. The increase in other bonds, securities, etc., was $16,402,583.99. Of the habihties of the banks, capital stock increased during the past year $23,349,117; surplus and undivided profits, $37,920,240.46; individual deposits, $128,000,387.76; and aggi^egate resources, $175,155,879.89. 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 banks organized from Mar. 14, 1900, to June 30, 1913. Conversions. R eorganizations. Primary organizations. No. No. Total. Classification. No. Capital less than $50,000 Capital $50,000 or over Total .. . Capital. Capital. Capital. No. 974 $25,822,000 1,825 $46,930,500 3,272 588 83,915,000 961 112,225,000 1,879 803 60,355,800 1,562 109,737,000 2,786 159,155,500 5,151 473 $12,518,000 330 47,837,800 Capital. $85,270,500 243,977,800 329,248,300 • The number of banks and the bond and circulation accounts on March 14, 1900, and June 30, 1913, together with the increase between these periods, are shown in the accompanying table: Mar. 14, 1900. June 30, 1912. Number of banks. . 3,617 Authorized capital $616,308,095 Bonds on deposit 244,611,570 Circulation, on bonds 216,374,795 38,027,935 Circulation, lawful money... 254,402,730 Total circulation 7,394 1900 Increase, 1912 June 30, 1913. Increase, to 1913. to 1913. 7,492 3,876 98 $1,040,545,435 $1,063,986,175 $447,678,080 724,493, 740 740,529, 250 495,917,680 720,424,110 737,065,050 520,690,255 24,710,882 22,092,856 115,935,079 745,134,992 759,157,906 504,755,176 $23,440,740 16,035,510 16,640,940 12,618,026 14,022,914 1 Decrease. SECRETARY OF THE TREASURY. 39 MINT SERVICE. Operations of the mints. The three coinage mints at Philadelphia, Denver, and San Francisco, and nine assay offices, located at New York, Charlotte, New Orleans, Deadwood, Helena, Seattle, Boise, Salt Lake Cit37', and Carson City, were in operation during the fiscal year. The original deposits of gold at all of the offices of the mint service during the year amounted to $161,131,878.30. The total coinage of the year amounted to $37,496,529.70, of which $30,058,227.50 was gold, $3,448,199.75 was silver, $2,861,768.55 was nickel, and $1,128,333.90 was bronze. The purchases of silver during the year amounted to 1,779,992.99 ounces, costing $1,086,347.87, at an average cost of 61 cents per fine ounce. The seigniorage on subsidiary silver coins during the year amounted to $1,618,475.17, and the seigniorage on the minor coin amounted to $3,584,520.03, all of which was duly accounted for and turned into the Treasury. The mint at Philadelphia during the year also coined 803,348 pieces of silver for the Government of Costa Rica, and the mint at San Francisco coined 2,638,820 pieces of silver and 5,001,000 bronze pieces for the Phihppine Islands government. Appropriations, earnings, and expenditures. The total appropriations available for the mint service during the last fiscal year were $1,243,355.43, and, together with reimbursements within the service and by other Government services, aggregated $1,287,613.04. The actual expenditures amounted to $1,171,600.77. The earnings and gains reahzed by the Treasury from the mint service, including seigniorage and the expenditures and losses on the same account, are shown by the following statement: Earnings and expenditures, fiscal year 1913. EARNINGS. Mint charges Seigniorage on silver coinage Seigniorage on minor coinage Profits on medals and proof coins Medals furnished Government departments Surplus bullion recovered Surplus bullion recovered (minor) Sale of old material Receipts for special assays Work for other Government institutions Foreign coinage charges By-products Gain on bullion shipments Total • $291,198. 23 1, 618,475.17 3, 584, 520. 03 2, 971. 07 9, 625. 57 44, 695. 27 10.45 1, 713. 66 3,496.40 4, 538. 71 30,093. 33 69, 735. 03 523. 30 5, 661, 596. 22 40 REPORT ON T H E FINANCES. EXPENDITURES. Salaries of officers and clerks $273,494. 78 Wages of workmen 626,537.43 Contingent expenses, less amount to reimburse wastage and loss on sale . of sweeps 194,184. 34 Wastage of operative officers 19, 564. 68 Loss on sweeps sold 7,032. 61 Expense of distributing minor coin 24, 692. 95 Freight on bullion and coin 23,696.23 Loss on recoinage, minor coinage 6, 330. 88 Total 1,175, 533. 90 Deposits, earnings, and expenditures by institutions. The deposits, earnings (including seigniorage), and expenditures of each ofiice of the mint service during the fiscal year 1913, and the number of employees in each, are shown in the following table: N u m b e r of— Institution. Deposits. Philadelphia S a n Francisco Denver NewYork ' . N e w Orleans Carson City Boise Helena Charlotte Deadwood Seattle Salt L a k e City Total Redeposits. V a l u e of gold a n d silver deposits. Earnings. Expenditures.! Freight on coin Ema n d b u l - ployees. lion. $469,532.54 $5,211.40 192,543.45 183,413.27 191,119.17 18,535.76 1,451.57 14,160.55 979.38 14,868.80 1,103.13 18,500.13 1,620.50 2,661.06 35.05 14,394.33 3,804.00 41,371.94 8,802.65 14,648.87 688.55 327 114 94 90 14 7 9 9 5,661,812.19 1,175,749.87 23,696.23 697 4,622 7,780 3,723 13,324 596 891 957 669 143 426 1,558 300 184 $12,926,883.73 $3,648,421.97 517,707.11 90 55,152,050.60 1,248 37,645,870.86 1,283,418.78 171 67,374,598.71 166,641.53 5,250.70 956,607.73 3,072.10 735,085.95 3,908.21 1,022,087.29 6,438.97 1,521,620.87 1,107.70 29,428.30 13,208.24 7,388,284.97 10,875.19 4,976,444.91 1,761.69 600,632.02 34,989 1,693 190,329,595.94 6 19 8 1 Includes freight on shipments of coin and bullion between mints and assay offices. Charlotte office closed. The assay office at Charlotte, N. C , was closed at the end of the fiscal year and the equipment distributed to other offices or sold at auction. The Charlotte office was originally established as a branch mint by act of Congress approved March 3, 1835. This action was prompted by the fact that in the year 1834 approximately $900,000 worth of gold was received at the Philadelphia Mint from the southern Appalachian region. The first coinage was done in 1837, and coinage operations were continued until the outbreak of the Civil War. The total coinage of the institution was $5,059,188. Iii 1867 the institution was reopened as an assay office, and operations were continued until June 30, 1913, when. Congress having made no further provision for its support, it was definitely closed. The deposits at the office in recent years have been very small. 41 SECRETARY OF THE TREASURY. Production and consumption of gold and silver. The production of gold in the United States for the calendar year 1912 is estimated by the Bureau of the Mint, in conjunction with the Geological Survey, at 4,520,719 fine ounces, of the value of $93,451,500, and the production of silver is estimated at 63,766,800 fine ounces, of the commercial value of $39,197,500. The industrial consumption of new gold in the United States during the year is estimated at $35,870,552. The industrial consumption of silver for the year is estimated at 22,644,821 fine ounces. INTERNAL REVENUE. The receipts from internal-revenue taxes for the fiscal year 1913, as shown by collectors' reports, were $344,424,453.85, a net increase of $22,808,559.16 over the preceding fiscal year. The principal items comprising such increase were as follows: Distilled spirits, $7,487,854.77; manufactured tobacco, including cigars, cigarettes, and snuff, $6,199,273.15; fermented liquors, $2,998,219.09; special excise tax on corporations, $6,423,040.03. The total expenditures for the collection of the internal revenue for the fiscal year 1913 were $5,489,654.61. This included expenditures from the appropriation ^ ^Expenses of collecting the corporation tax," which were $143,995.77, but did not include payments from the appropriation ^^Refunding internal-revenue collections,'' amounting to 5,513.19, as they were in no sense an expense. The cost of collecting $1 of internal revenue was $0.0159. Receipts from internal revenue, 1912 and 1913. Fiscal year ended— Increase. Sources. June 30,1912. Distilled spirits Manufactured tobacco . Fermented liquors Special excise tax on corporations Oleomargarine Filled cheese Mixed flour Adulterated butter Process or renovated butter Miscellaneous Total Net increase i $156,391,487.77 $163,879,342.54 70,590,151.60 176,789,424.75 63,268,770.51 66,266,989.60 28,583,259.81 35,006,299.84 1,259,987.67 1,128,707.25 630.31 3,143.25 3,223.98 54,189.72 46,102.40 98,241.52 119,536.18 1,484,105.61 2 1,066,754.23 321,615,894.69 Decrease. June 30,1913. $7,487,854.77 6,199,273.15 2,998,219.09 6,423,040.03 131,280.42 80.73 8,087.32 : 344,424,453.85 23,247,835.51 22,808,559.16 $630.31 21,294.66 417,351.38 439,276.35 1 Includes $319,100.64 from sale of internal-revenue stamps affixed to Philippine products, as provided for in the act of Aug. 5,1909. 2 Includes $655,283.10 from playing cards; $401,910.26 from penalties; and $9,560.87 from miscellaneous sources. The total production of distilled spirits, exclusive of fruit brandies, was 185,353,383.1 taxable gallons, against 178,249,985 gallons in 1912, an increase of 7,103,398.1 gallons. 42 * REPORT ON T H E FINANCES. The production of fruit brandies was 8,252,874.8 taxable gallons, against 9,321,823.5 gallons in 1912, a decrease of 1,068,948.7 gallons. During the fiscal year 1913, 870 distiUeries of all kinds were operated, an increase of 49. The production of fermented hquors was 65,324,876 barrels, an increase over the previous fiscal year of 3,148,182 barrels. There were removed from breweries for export free of tax 79,332 barrels. The income-tax law. A distinct change in the method of providing revenue for the expenses of the Federal Government has been instituted by section 2 of the act of October 3, 1913, which provides for a tax to be levied, assessed, collected, and paid annually upon the net income of every citizen of the United States, whether residing at home or abroad, and upon the net income of every person residing in the United States, though not a citizen thereof, and upon the net income from all property owned and of every business, trade, or profession carried on in the United States by persons residing elsewhere, and a like tax upon domestic corporations and foreign corporations doing business in the United States. In the year 1861 an income-tax law was enacted for the purpose . of increasing the revenues of the Government during the period of the War between the States, but this law was distinctly a war measure and was repealed in 1871. On August 28, 1894, in response to a general sentiment throughout the United States, an income-tax law was again enacted, which was however, of short duration, the Supreme Court of the United States deciding that that act was unconstitutional before the first annual tax under its provisions had been collected. The sentiment for an income tax, however, was not abated, and in the first session of the Sixty-first Congress a resolution was passed proposing an amendment to the Constitution of the United States, which amendment would permit the levying of an income tax on the people of the United States. This amendment was submitted to the States for ratification and was ratified by the necessary threefourths of the legislatures of the several States, and the amendment to the Constitution of the United States was announced by the Secretary of State on February 25, 1913. In pursuance of this amendment to the Constitution an incometax law was enacted October 3, 1913, providing for collections at the source beginning November 1, 1913, and the Treasury Department immediately began preparation for its administration through the oflBice of the Commissioner of Internal Revenue. The law being new in character and some of its provisions little understood by the people, particularly those relating to the with SECRETARY OF THE TREASURY. 43 holding of the tax at the source, which provisions became effective on November 1,*1913, less than a month after the enactment of the law, the department exerted every effort to place its interpretation of the law before the taxpayers; and the first regulations, which were those relative to the withholding of the tax at the source on coupon and registered interest payments on bonded and other similar indebtedness of corporations, joint-stock companies or associations, and insurance companies, were issued October 25, 1913, and were followed on October 31, 1913, by the regulations relative to the withholding of the tax at the source on salaries, rents, and other fixed and determinable annual income in excess of $3,000. The tax on individuals is calculated on the calendar year, and the regulations and forms for the returns of income of individuals and corporations wUl be issued in ample time to enable the taxpayers to make their returns of annual net income within the period prescribed by law, that is, on or before March 1, 1914, except in the case of cor•porations which may have chosen, in the manner prescribed by law, to make their returns for their fiscal years instead of the calendar year. Less confusion than was expected has been experienced thus early in the operations of the law and each day's added experience indicates that the law, whUe complicated, will admit of interpretation, and that a proper administration of it can be established within a reasonable period of time. Recommendations. Several of the following recommendations for statutory changes have been made from year to year in the various annual reports, but inasmuch as the need of the legislation referred to is very great, I have the honor again to include some of those recommendations, with certain others, as follows: 1. Denatured alcohol.—To impose a nominal tax—say 1 cent per proof gaUon—on all alcohol withdrawn for denaturation, which tax would yield a return approximately equal to the amount that should be appropriated to properly take care of the work. 2. Tobacco.—^That section 3360 of the Revised Statutes be amended to require every dealer in leaf tobacco to give bond, make a true inventory of stock annually on the 1st day of January in each year, and to render a report of his transactions quarterly, monthly, or for such periods as the Commissioner of Internal Revenue may prescribe; section 35, act of August 5, 1909, so as to require retail dealers in leaf tobacco to give bond; section 26, act of October 1, 1890, so as to require registry of manufacturers of cigars, manufacturers of tobacco, dealers in leaf tobacco, retail dealers in leaf tobacco, and peddlers of tobacco only on commencing business and not annuaUy on the 1st day of July in each year, as at present. 44 REPORT ON THE FINANCES. 3. Oleomargarine.—Considerable comment,has been indulged in as to the matter of the production of Ulicit spirits and the consequent loss of taxes to the Government on that account, and whUe it is true that the Government sustains quite a loss on this account, it is not to be compared with the loss that may be and has been sustained in the Ulicit traffic in oleomargarine. In any of the three or four large cities in the country the Government, unless the illicit traffic in the manufacture and sale of oleomargarine is controlled, wUl lose more taxes from this source alone than would be lost in the way of taxes on distUled spirits Ulicitly produced in all the Southern States. This condition of affairs with respect to the Ulicit traffic in oleomargarine is brought about wholly and solely by the difference in the rate of tax on that commodity. The tax on oleomargarine free from artificial coloration is one-quarter cent per pound, whUe the tax on oleomargarine that contains artificial coloration is 10 cents per pound. The Ulicit dealer in oleomargarine can, by the use of artificial coloration, which is inexpensive, manipulate a thousand pounds of uncolored oleomargarine upon which the tax of one-quarter cent per pound has been paid and produce an article upon-which the tax of 10 cents per pound should be paid, thereby defrauding the Government of 9 | cents on each pound thus Ulicitly produced, amounting to $97.50 on the thousand pounds thus manipulated. An Ulicit distillery, in order to defraud the Government out of that amount of tax, would have to produce in the neighborhood of 89 gallons of proof spirits, which would require, under the most favorable circumstances, 72 hours' fermentation before the distUler could produce any spirits. In three days the illicit oleomargarine dealer can manipulate, by adding artificial coloring matter to uncolored oleomargarine, anywhere from 1,000 to 3,000 pounds, thereby defrauding the Government of 9 | cents on each pound so manipulated. The present oleomargaruie law is not satisfactory, either from an admiaistrative or revenue standpoint, and should be so amended as to remedy it in both respects.^ A law imposing a fiat tax of a nominal rate without any differentiation based upon coloration, with provision for individual stamped or original packages of certain sizes adequately marked and branded, and safeguarded by imposing penalties for infractions, would be easier of enforcement and yield greater revenue than the present law, and with less expense to the Government. 4. Adulterated butter.—Practically all cases involving manufacture and sale of adulterated butter were based on a moisture content of 16 per cent or more. This law, which was evidently intended to prevent the manufacture and sale of butter adulterated within the common meanino: of SECRETARY OF THE TREASURY. 45 the term, has, because of its definition and drastic provisions, brought about very unfortunate conditions through its enforcement. I t has increased the work of the officers in the field and in the administrative office without any appreciable revenue, and at the same time has imposed hardships upon many who produced and sold butter which was afterwards found to contain abnormal moisture, thereby involving themselves, as well as dealers handling the product, in liabilities to the heavy special taxes imposed by the law. White phosphorus matches. Regulations were promulgated on May 10, 1913, to carry into effect the provisions of the act of April 9, 1912, relating to the tax on ^'white phosphorus'' matches. These regulations were effective on July 1, 1913, with respect to filing of notices, bonds, monthly returns, etc., effective on January 1, 1915, as to the payment of the tax. I t is not expected that much revenue wUl be derived from this source, as the tax of 2 cents per 100 matches will practically be prohibitory. BUREAU OF ENGRAVING AND PRINTING. The appropriations by Congress for this work amounted to $3,687,206.39, and the repayments received for services and materials furnished the several executive departments and bureaus were $859,200.99, the aggregate available for the work during the year having been $4,546,407.38., The expenditures were $210,174.15 for salaries, $1,695,811.32 for compensation of employees, of which $2,250 was for employees detailed to other branches of the pubhc service and not reimbursed; $1,880,'314.75 for wages of plate printers and assistants; and $663,431.92 for materials and miscellaneous expenses, making an aggregate expenditure of $4,449,732.14. The work executed by the Bureau of Engraving and Printing during the fiscal year was 9.4 per cent more than in the preceding year, while its expenditures increased only 3.35 per cent. The total number of sheets dehvered was 287,192,192, an increase of 24,763,453 over the previous year. The dehveries comprised 76,797,500 sheets of United States notes and certificates; 34,869 sheets of United States bonds; 12,508,747 sheets of national-bank notes; 79,472,550 sheets of internal-revenue stamps; 255,300 sheets of customs stamps; 100,490,096 sheets of United States postage stamps; 14,223,835 sheets of United States parcel-post stamps; 218,868 sheets of Phihppine postage stamps; 354,600 sheets of silver certificates, documentary and internal-revenue stamps, postal cards, and checks on Treasurer for the Phihppine Islands; and 2,835,827 sheets of checks, drafts, commissions, etc. In addition to these sheets dehvered, miscellaneous work was executed to the value of $93,552.52. The face value of all classes of securities, internal-revenue stamps, postage stamps, etc., delivered by the bureau amounted to $2,060,409,515. 46 REPORT ON THE FINANCES. Compared with the deliveries in the fiscal year 1912, there was an increase of 1.73 per cent in United States notes, certificates, and bonds, 6.65 per cent in national-bank notes, 5.45 per cent in internalrevenue stamps, 43.06 per cent in customs stamps, 18.91 per cent in postage stamps, and 7.04 per cent in checks, drafts, etc. Improved machinery. By authority of the act approved August 24, 1912, during the year the printing of checks was transferred from hand-roUer plate printing presses to offset presses at an annual saving of $30,000, and thc printing of one-fifth of the backs of paper money was transferred from the hand presses to electric-power plate presses at a saving of $90,000. On July 1, 1913, the number of power presses engaged in printing backs was increased from 16 to 30. Money laundering. Eleven machines for cleetnsing paper money were installed in the offices of the Treasurer of the United States and of several assistant treasurers, in the belief that the reuse of the laundered notes would result in considerable economy due to the reduction in the number of new notes necessary to be issued, but indications now are that the anticipated results wUl only be partly realized. New building. The new building to house the Engraving and Printing Bureau is nearly completed and some portions of the work of that bureau are expected to be commenced therein by February 1, 1914. I t is estimated that the use of the old bureau building by the auditors of the department, instead of renting buildings, will result in annual saving to the Government of $35,750. SPECIAL A G E N T S ' DIVISION. The Special Agents' Division of the Treasury Department has during the past year examined and reported upon the personnel and the administrative methods of 23 customs districts and recommended many changes to increase efficiency and reduce expense. Its iavestig'ations of undervaluations and wrongful classifications of imported merchandise led to additional and increased revenue and recovery of withheld duties amounting to approximately $800,000. A large portion of this sum was paid directly into the Treasury in compromise of civU claims for withheld duties upon past entries, notably at the port of New York, where such specific recoveries reached the sum' of $274,004.17 SECRETARY OF T H E TREASURY. 47 As a result of the work of the service fines and penalties for violations of the customs and navigation laws were imposed, aggregating $74,692.70. In addition thereto 205 seizures were made of merchandise, valued at $273,648.95, and 171 arrests, 94 of which were for violation of the customs laws and 77 for the violation of the opium laws, were made. Eighty civU suits were instituted, involving claims on behalf of the Government for $127,947.71. The work of the service has been largely increased in some respects which do not permit of a financial showing of results. Under the Panama Canal act a wide range of merchandise is entered free of duty for the construction, repair, and equipment of vessels built in the United States. Investigations throughout the United States have been made by the various agents to insure that merchandise so entered actuaUy becomes incorporated in the ship for which intended as a part of its structure, repair, or equipment. Of equal if not greater importance is the drawback work of the agents. Rates for the payment of drawback upon the exportation of manufactured articles made from imported materials are established upon the basis of investigations m.ade by the special agents' service. Such investigations require .close analyses of industrial processes, frequently intricate and involved, at times including relative quantities of imported and domestic material and wastes involved therein. Modern industrial organization, bringing into conjunction many formerly distinct activities, has rendered this work mqre difficult and also more necessary because of the enormous sums involved. The enforcement of the opium laws has been an active part of the work of the agents of this division. Their effectiveness in this regard could be greatly increased by strengthening the laws prohibiting the importation and manufacture of smoking opium, for which purpose a number of bills have been submitted and to which I respectfully invite the attention of Congress. OFFICE OF THE SUPERVISING ARCHITECT. The work in the Supervising Architect's office during the past fiscal year has been carried on in accordance with pohcies previously established. The year ending June 30, 1913, was the first completed fiscal year following the material reduction in the force in the office of the Supervising Architect in October, 1911. Through the elimination of unnecessary routine, this reduced force has accomplished a proportionately larger output of construction work than was accomplished during the preceding fiscal years. The experience of the 48 REPORT ON T H E FINANCES. year just closed, however, shows that the force, as reorganized, is not properly balanced, and does not handle the present output in the most efficient manner. The public buUdings act, approved March 4, 1913, created a commission to present to Congress a connected scheme of annual appropriations for the construction and completion of pubhc buildings already authorized, to frame a standard for the determination of the size and cost of buUdings, etc. In view of the existence of tliis commission, and the probabUity that Congress will take action upon the report which it wUl submit, no recommendations are made at this time concerning the work of the office of the Supervising Architect. The work authorized in the omnibus public buildings act of 1910, and not under contract, together with the work authorized in the act of 1913, placed in this office a very large volume of work at the close of the fiscal year ending June 30, 1913. The tabulations given below show in summarized form the status of projects authorized by Congress and the financial operations of the office. BUILDINGS. Buildings completed and occupied at the close of the preceding fiscal year, June 30, 1912, including 50 marine hospitals and quarantine stations... Buildings completed during the fiscal year ended June 30, 1913, including Galveston (Tex.) quarantine station Buildings placed under contract during the fiscal year ended June 30, 1913, including San Juan (P. R.) quarantine station ^ Buildings authorized prior to act of Mar. 4, 1913, not under contract June 30, 1913, including Portland (Me.) quarantine station and Key West (Fla.) marine hospital Buildings authorized in the act of Mar. 4, 1913 779 84 63 926 204 304 508 Total buildings completed, under contract, or authorized 1,434 EXTENSIONS. Extensions Extensions Extensions 30, 1913 Extensions completed during the fiscal year ended. June 30,1913 placed under contract during the fiscal year ended June 30,1913... authorized prior to the act of Mar. 4, 1913, not under contract June authorized in act of Mar. 4, 1913 Buildings completed during the fiscal year ended June 30,1913 Extensions completed during the fiscal year ended June 30,1913 11 16 11 23 84 11 95 Buildings placed under contract during the fiscal year ended June 30,1913 Extensions placed under contract during the fiscal year ended June 30,1913... 63 16 79 SECRETARY OF THE TREASURY. 49 Buildings in course of construction June 30, 1913, including quarantine station, San Juan, P. R Extensions in course of construction June 30, 1913, including marine hospital, NewYork, N . Y 113 19 132 Statement of appropriations for public buildings, July 1,1912, to June 30, 1913. , E X P E N D I T U R E S D U R I N G T H E FISCAL Y E A R . For statutory salary roll $85,931. 95 For general inspector of supplies 1,106.40o For sites and additional land 701, 832. 48 For construction of new buildings 10,103, 886.19 For extensions to buildings 800, 205. 33 For special repairs to buildings , 366, 330.05 For rent of buildings : 127, 680. 08 For repairs and preservation 544, 663. 21 For mechanical equipment 344,175. 95 For vaults, safes, and locks ". 92, 980.17 For operating supplies. 1, 553, 593. 94 For electrical protection to v a u l t s . . . 18,020. 22 For general expenses 641, 539. .96 For furniture and repairs of same . 720, 514. 85 For furnishing new post office, customhouse, and courthouse at Cleveland, Ohio 6, 651. 6.6 For operating force 2,131, 205. 44 For lands and other property 37. 50 For architectural competitions 55, 998. 28 Total 18, 296, 353. 66 CONTRACT LIABILITIES EXLSTING ON J U N E 30, 1913. On On On On On account account account account account of statutory roll of sites and additional lan>d of construction of new buildings of extensions to buildings of special repairs to buildings | 3 , 493. 85 215, 711. 00 $11, 514, 274. 51 2, 500, 709. 56 216, 721. 84 14, 231, 705. 91 Less authorized contract liabilities in excess of amounts appropriated On On On On On On On On On On account account account account account account account account account account of of of of of of of of of of rent of buildings repairs and preservation mechanical equipment vaults, safes, and locks operating supplies electrical protection to vaults general expenses furniture and repairs of same operating force architectural competitions Total 16726°—FI 1913 $558, 572. 86 $13, 673,133. 05 101,198. 52 275, 770. 81 211,110. 93 51, 273. 24 221, 828. 79 4,438. 50 78, 692. 52 345, 248. 01 362, 534. 65 12,118. 08 15, 556, 55L 95 4 50 REPORT ON THE FINANCES. BALANCES AVAILABLE J U L Y 1, 1913. For statutory salary roll $237, 350. 09 For general inspector of supplies 349. 93 For sites and additional land 1,167, 273. 97 For construction of new buildings 11, 669, 301. 31 For extensions to buildings : 1,121, 698.42 For special repairs to buildings 451,.421. 74 For rent of buildings 242, 507. 67 For repairs and preservation 685,456. 48 For mechanical equipment 448,486. 53 For vaults, safes, and locks 100, 951. 06 For operating supplies 1, 735, 823. 99 For electrical protection to A^aults 26, 633. 53 For general expenses 542,467. 83 . For furniture and repairs of same 922, 080. 99 For furnishing new post office, customhouse and courthouse, Cleveland, Ohio 10, 815. 04 For operating force.. 2, 975,097.10 For lands and other property 853.45 For architectural competitions 106, 883. 64 Total 22, 445, 452. 77 Less unexpended balances of annual appropriations whose availability expired with the fiscal year ended June 30, 1913 546, 870. 02 Available for authorization and expenditure during fiscal year ending J u n e 30, 1914 21, 898, 582. 75 PUBLIC HEALTH SERVICE. The Surgeon General reports the operations of the service through the seven administrative divisions of the bureau as follows: Division of Scientific Research. The scientific investigations authorized by law have been carried on during the year as facihties would permit. While the work has increased, both in the laboratories and in the field, the providing of funds on June 23, 1913, to enforce the act of August 14, 1912, authorizing larger investigations of the diseases of man and matters pertaining to the pubhc health, marks a new era in this direction. Comprehensive investigations of trachoma, pellagra, malaria, tuberculosis, typhoid fever, and other diseases, pollution of navigable waters, sanitary administration, school sanitation, and hygiene of occupation are accordingly being planned and executed. In accordance with an act of Congress approved August 24, 1912, an extensive iavestigation was made of contagious and infectious diseases among the Indians. Fourteen officers were engaged in the work, 25 States were visited, and a total of 39,231 Indians examined. SECRETARY OF TJSE TREASURY. 51 AU the data which were collected, and which showed a high prevalence of trachoma and tuberculosis among this class of the population, were analyzed and embodied in a report which was submitted to Congress January 23, 1913, and pubhshed as Senate Document 1038, Sixty-second Congress, third session. The investigations of peUagra have been continued at the maruie hospital at Savannah and elsewhere during the year. This complex problem wiU require enlarged systematic studies, and with the funds available measures are being developed to carry them on. The general prevalence of the disease has been outhned and it has been shown to be on the increase. Systematic studies of malaria, begun at the marine hospital at Mobile and elsewhere, have been continued to ascertain the prevalence of the disease and to stimulate measures for its prevention, a prehminary survey of the State of Alabama having been made and the results pubhshed. This survey is being extended to other States and intensive studies are being conducted in heavily infected districts to determine the index of infection and the infiuence of quinine as a prophylactic. On account of the announcements of discoveries of aUeged cures for tuberculosis and their bearing on the pubhc health, important investigations of them have been undertaken. Studies of the Friedmann treatment were sufficiently advanced by May 16, 1913, to justify a report that the observations made up to that time did not warrant the confidence in the remedy which had been inspired by widespread pubhcity. This investigation is being continued, as are also studies of other preparations claimed as cures. The demonstration of the undue prevalence of trachoma among the Indians and among the mountaineers of Kentucky has necessitated the undertaking of surveys to ascertain the prevalence of the disease among school children in Cahfornia, Minnesota, Tennessee, Virginia, and West Virginia, and chnics have been estabhshed in two counties of Kentucky to demonstrate the eradicability of the infection from among infected populations. The widespread prevalence of pohomyehtis (infantile paralysis) necessitated the continuation of epidemiologic studies of this disease in Arkansas, New York, and Texas, and laboratory studies in Washington. Studies of typhus fever were also conducted. The investigations of typhoid fever which have been a prominent part of the research work of the service since 1906 were continued. Epidemics were investigated at Fort Dodge, Iowa, other Iowa and Ilhnois towns, and Roanoke, Va., and systematic studies of the disease conducted in the. rural communities of the last-named State. 52 REPORT ON T H E FINANCES. Pollution of navigable waters.—The sanitary surveys of interstate and international waters were continued. A prehminary survey of the lower Missouri watershed was completed and the results pubhshed. Cooperation was rendered the International Joint Commission in its investigations of the boundary waters between the United States and Canada, and systematic investigations are now being made of the pollution of the Ohio and Potomac Rivers to the end that measures may be devised for its control. In the enforcement of the act of July 1, 1902, regulating the propagation and sale of biologic products, 25 estabhshments were inspected, 111 relicensed, and 6 licensed for the first time, while the issue of licenses to the remaining establishments was under consideration at the end of the fiscal year. The Eleventh Annual Conference of State and Territorial Health Authorities with the Pubhc Health Service was held in Minneapolis, Minn., June 16, 1913. The service was also represented at a number of important meetings of scientific and pubhc health associations, and assisted the officers of the International Congress of Hygiene and Demography in promoting the interests of the congress and exhibit which were held in Washington September 23-28, 1912. Hygienic Laboratory.—The work of this research institution has progressed as space and available facilities would permit. Special studies were made of typhus fever, cholera, and infantile paralysis. Other experimental work in the laboratory related to disinfectants, standardization of drugs, and examinations of pubhc health specimens. The studies of ^the nutritive value of pasteurized and raw milk were continued. Supplies of antityphoid vaccine and antirabic treatments have been prepared, the former for use of beneficiaries of the service and during epidemics, and the latter for issue to State health authorities and for administration at the laboratory to persons bitten by rabid animals. The increasing importance of this institution as an agency in public health work necessitates provision for an additional building and for an increase of the laboratory staff. Leprosy investigation station.—The investigations of leprosy in Hawaii have been continued at the receiving station at Kahhi and the leprosy settlement on Molokai. As adviser to the Territorial authorities, the director of this station has rendered important service in the improvement of sanitation, especially in respect to the suppression of mosquitoes in and around Honolulu. In order that the research work shaU be properly developed, it should be supported by adequate funds, and the personnel to carry it on should be increased. SECRETARY OF THE TREASURY. 53 Division of Foreign and Insular Quarantine and Immigration. Quarantine operations during the year have been active under two general headings, one being the work of eradicating rats from vessels and the other being special precautions against the introduction of yellow fever from Mexican ports into the ports of the United States. In connection with rat-eradicative work, 1,737 vessels have been fumigated at Federal quarantine stations during the fiscal year just ended. This does not include the number of vessels fumigated by State and local quarantine authorities in compliance with our national quarantine pohcy. Anticipating the appearance of yellow fever in or near certain of the coast cities of Mexico (bordering upon the Mexican Gulf), the usual quarantine measures against the introduction of this disease into the United States were instituted early in the season. The subsequent appearance of yellow fever in certain localities in Mexico has justified these precautionary measures. Neither plague nor cholera has in itself caused special quarantine activity during the year. The bubonic plague was eradicated both from the ports of Habana, Cuba, and San Juan, Porto Rico. At the 50 quarantine stations on the continental United States, 7,821 vessels, carrying 599,955 passengers and crews, were inspected and 113 vessels were disinfected. In addition to these, as mentioned above, 1,737 vessels were fumigated for rat or mosquito destruction. National quarantine has been administered as usual at 8 ports in the PhUippine Islands, 8 in Porto Rico, and 7 in Hawaii. Officers have been stationed in the American consulates of the principal ports of Italy and Mexico and in Asiatic ports to enforce the Treasury foreign quarantine regulations. Inspection has been maintained as usual on the Mexican border. The quarantine stations are at present in a very satisfactory condition as to equipment and preparedness. Medical inspection of immigrants.—Duruig the fiscal year 1,574,371 aliens were inspected and 38,558 were certified for rejection on account of physical or mental defects. Inspections were conducted at 80 stations in the United States, Hawau, and in the PhUippines. Service officers, under the supervision of commissioners of immigration, have conducted the large immigrant hospitals at EUis Island, N. Y., and Angel Island, Cal. The staff of medical officers and the corps of attendants at the EUis Island immigration station have been added to during the year. The following comparison of work done during the fiscal year just passed and the fiscal year ended June 30, 1912, is interesting. During 54 REPORT ON THE FINANCES. the last-mentioned period 726,040 immigrants arrived at the port of New York During the fiscal year just closed 1,044,057 immigrants arrived. The total rejections at that port for the fiscal year ended June 30, 1912, were 17,067 as compared with 22,733 for the fiscal year just ended, 150 mental defectives having been certified during the fiscal year 1912 as compared with 661 for the fiscal year 1913. This increase of activity in the medical inspection of aliens entering the United States is not confined to New York, but is evident at all the other immigration stations. At the Ellis Island hospital during the year past 10,165 patients were admitted for treatment, the daily average of patients in hospital being 229. Division of Domestic (Interstate) Quarantine. Plague-suppressive measures in California and near-by States were carried out during the fiscal year in accordance with the plan which was outlined in the last annual report of the Surgeon General. In San Francisco the work of destroying rats was continued, more than 90,000 having been collected and forwarded to the Federal laboratory for bacteriological examination. Throughout the year 1913 no rats were reported plague infected or suspicious of plague. Duruig the fiscal year particular attention has been given to ratguarding of ships engaged in trans-Atlantic and Pacific trade and calling at San Francisco. The regulations of the department in this regard have been strictly enforced. Operations in Oakland and Berkeley have consisted solely of the trapping of rats for the purpose of determining whether plague infection had appeared, as plague infection has existed for some time among the ground squirrels that infest the rural districts surrounding these cities. Rats to the number of 40,000 were collected and sent to the laboratory for examination. No plague infection was found. The squirrel-free zone around the cities bordering upon San Francisco Bay was maintained throughout the year. Whereas in previous years plague infection had been demonstrated among the squirrels upon this'zone, careful hunting has faUed to discover any infection during the year just passed, though infection has been found in contiguous territory. But one case of human plague occurred during the fiscal year 1913. The patient died June 13, 1913. As infected squirrels had been found in the immediate vicinity and no rats were discoverable about her residence, it is believed that the infection was obtained from ground squirrels. On June 17, 1912, the presence of bubonic plague was reported in San Juan, P. R. Officers were ordered to Porto Rico for the pur- SECRETARY OF THE TREASURY. 55 pose of suppressing the epidemic. This work has been accomplished, and these officers wUl be withdrawn very shortly. On the request of the secretary of the Department of Public Health of Montana an officer was directed to proceed to Montana for the purpose of taking charge of the eradication of Rocky Mountain spotted fever, a disease which is widely distributed throughout the Pacific States and which exists in virulent form in the Bitter Root Valley of Montana. The disease has been successfully comb att ed in the latter region. The occurrence of two cases of leprosy in persons who had resided in Michigan for some years brings again to general attention the need for a definite policy which wUl act unUormly throughout the country for the control and segregation of lepers. The Surgeon General was directed to cooperate with State and local health officers of Ohio and Indiana during the disastrous floods which occurred in the spring of 1913. He not only directed his own officers in the field, but aided the local authorities with timely advice on sanitation. On request of the Secretary of the Interior an officer was detaUed to investigate sanitary conditions in Alaska and to make reports and recommendations thereon. Amendments to article 3 of the Interstate Quarantine Regulations have been made relating to the common drinking cup, the common towel, and pure drinking water and ice for passengers in interstate traffic. These regulations have met with very general acceptance " and have resulted in a marked improvement in sanitary conditions on interstate carriers. In order that there might be a standard from which to judge of the purity of water and ice supplied passengers, a commission has been appointed, consisting of eminent scientists, together with officers of the Public Health Service, for the purpose of determining a standard of purity for drinking water. This commission is stUl at work, and its report is expected at an early date. A great forward step has been made in protecting the health of passengers traveling on common carriers in interstate traffic. In addition to amendments to the Interstate Quarantine Regulations inspection reports from service officers traveling on official duty as to sanitary conditions on trains and vessels have been regularly received. When poor sanitary conditions are observed, notification of such conditions is rendered to the officials of the raUroad or steamship line. In practicaUy all such cases officials have shown a ready wUhngness to cooperate effectively in remedial measures. 56 REPORT ON THE FINANCES. In accordance with Executive order of May 12, 1912, detaUed sanitary inspections of Government buUdings in Washington are regularly made and a permanent record kept of sanitary conditions in each room in such buUdings. Division of Sanitary Reports and Statistics. Pursuant to acts of Congress approved February 15, 1893, and August 14, 1912, the Public Health Reports have been issued weekly during the year. They have supplied quarantine officers, health officers, and other sanitarians with current information of the prevalence of diseases dangerous to the public health and of the measures being adopted by State and local health officers to prevent their spread through the adoption of sanitary laws or regulations. The Public Health Reports have also contained information on other related subjects for the use of health authorities in the protection of the health of the people. To prevent the spread of disease in interstate traffic or from one locality to another it is necessary to have current information of the prevalence of disease and the occurrence of epidemics. This information is secured through the reporting of cases of disease, a subject concerning which many States have enacted laws. For the control of disease in its broader sense and the protection of the lives and conservation of the health of the people it is desirable that unUorm and effective requirements be adopted by the several States. This matter has been a subject of careful consideration during the year, and at the Eleventh Annual Conference of State and Territorial Health Officers with the Pubhc Health Service on June 16, 1913, a model State law on morbidity reports was adopted. This law should be enacted by the several States as soon as practicable. State and municipal laws for the control and prevention of disease have been coUated and studied that the department might at all times be informed of the measures being taken by State and local authorities for the prevention of the spread of disease. These laws have been published that municipal and State authorities might keep informed regarding the measures taken by other States and cities and the trend of practical sanitation as sho\\Ti by the adoption of legislation. Division of Marine Hospitals and Relief. Duruig the fiscal year 1913, 50,604 patients received treatment, 14,097 being treated in hospital and 36,507 as dispensary or out patients. The hospital patients received a total of 405,944 days' treatment. The service operated 23 marine hospitals, owned by the SECRETARY OF THE TREASURY. 57 Government, and maintained 125 other relief stations, where seamen were given hospital and dispensary treatment. At the sanatorium for consumptive beneficiaries, located at Fort Stanton, N. Mex., 314 patients were cared for during the year. Of these, 121 were discharged, 47 died at the sanatorium, and 146 remained under treatment at the close of the year. Aid was extended to other branches of the Government in the physical examination of 9,971 persons, of whom 381 were rejected. In addition, 744 merchant seamen were examined to determine their fitness for shipment on American vessels, of whom 20 were rejected; also 15 foreign seimen, of whom 7 were rejected. Owing to the smaU amount of relief work done, the rehef station at Morgan City, La., was closed during the year. Division of Personnel and Accounts. Commissioned and other oficers.—The commissioned medical officers at the close of the fiscal year numbered 144, as follows: The Surgeon General, 10 senior surgeons, 63 surgeons, 40 passed assistant surgeons, and 30 assistant surgeons. The acting assistant surgeons numbered 226, making, all told, 370 medical officers. The total personnel of the service, including 46 pharmacists, 1,028 attendants, and 68 other employees, numbered 1,512. Expenditures.—The appropriations for the ordinary maintenance of the service were $1,721,817.50. The receipts from aU sources, repayments for care of foreign seamen, etc., were $14,118.77. The expenditures were $1,674,004.65; estimated outstanding liabihties, $16,907.07, leaving an estimated balance of $45,024.55. The amount available of the appropriation for preventing the introduction and spread of epidemic diseases at the beginning of the fiscal year was $89,621.73. During the year an appropriation of $200,000 was made. The expenditures were $244,502.45, leaving a balance June 30, 1913, of $45,119.28, less estimated outstanding habUities, $6,596.40. The appropriations for the maintenance of the quarantine service were $169,000. The amount of repayments was $1,298.44. The expenditures were $157,646.51, which, deducting outstanding liabUities, leaves an estimated balance of $2,035.58. The amount avaUable of the appropriation for national quarantine and sanitation at the beginning of the fiscal year was $58,803.95; the expenditures were $34,533.86, leaving a balance June 30, 1913, of $24,270.09, less esthnated outstanding liabUities $1,472.08. MisceUaneous Division. Publications.—Bureau publications aggregating 555,087 were distributed during the calendar year ended June 30, 1913. Requests for public^ions of the service are steadily increasing. 58 REPORT ON THE FINANCES. Life-Saving Service claims.—During the year, 450 claims for benefits under the act of March 4, 1882, by keepers and surfmen of the Life-Saving Service have been passed upon by the officer in charge of this division, based upon the medical evidence submitted. Physical examinations of keepers and surfmen of said service have been continued. . Recommendations. An increase in the number of commissioned medical officers of the Public Health Service is one of its most urgent needs. Requests for the assistance and advice of experts in the management of epidemics of contagious diseases, in work of sanitation, and to address meetings both of public health organizations and of citizens, have been received from State and local health.officers in far greater number than in any previous year of the history of the service. Every effort has been made to meet these requests for cooperation, but in many cases the lack of avaUable officers has prevented the bureau's compliance. An additional buUding should be provided for the use of the Hygienic Laboratory in Washington. The work of the laboratory has grown apace with the uicrease in public health iaterest and activity throughout the country, and additional duties recently imposed by statute in connection with the investigation of diseases of man, pollution of navigable streams, and problems involved m the sanitation of interstate carriers, render additional accommodations necessary for the work. Larger editions of service publications, and particularly those of a less technical nature, should be provided for. One of the most important of the bureau's publications is the Weekly Public Health Reports, which contains current uiformation relative to the prevalence and distribution of diseases throughout the United States and the entire world. I t is believed that the circulation of this publication should be enlarged to include every health officer and physician actively interested in public health work throughout the country. One of the essential factors in the conduct of public health work is a thorough knowledge of the occurrence, prevalence, and distribution of disease. I t is apparent that to eradicate or to prevent the spread of disease, information inust first be had as to where it is present. Provision should be made whereby the Public Health Service can be kept currently informed regarding the prevalence of disease throughout the country. Its information of this nature is largely dependent upon the voluntary cooperation of State and local health authorities. WhUe this cooperation is in many instances all that could be desired, in some others reports are not promptly received. In the estimates for the fiscal year 1915 an appropriation has been requested with which to insure prompt and regular receipt of such information by the employment of persons already in the service of health organiza- 59 SECRETARY OF THE TREASURY. tions, whose duty it would be to furnish accurate and prompt transcriptions of all morbidity statistics collected by these agencies. The continuation of the appropriation ' ' F o r field investigations of public health matters," provided by Congress for the fiscal year 1914, is of greatest importance. With the establishment of this fund it has been possible for the service to undertake work that has long been deferred. The investigation of the pollution of navigable waters, particularly those which are interstate in character, is clearly the function of the Federal health agency, whUe studies of the causes and conditions iafluenciag the spread of disease are of benefit to the country at large, regardless of the locality in which they are conducted. LIFE-SAVING SERVICE. The number of documented vessels sustaining disaster during the last fiscal year within the field of operations of the Life-Saving Service was 552. They carried 5,787 persons, of whom 73 were lost. The estimated value of the vessels was $12,128,070, and of their cargoes $2,529,170, making a total value of $14,657,240. Of this amount, $1,721,215 represented the estimated value of the property lost. There were also involved in casualty during the year 1,191 undocumented vessels—those of less than 5 tons' burden—such as smaU launches, sailboats, rowboats, etc. These were valued at $965,910 and the loss they sustained is estimated at $41,935. There were on board 3,254 persons, 14 of whom perished. Shelter and subsistence were afforded at the service stations to 437 persons who were victims of shipwreck and of boating accidents. These were furnished a total of 756 days' rehef. The foregoing data and other information of importance relating to the year's work of the life-saving corps are presented for ready reference in tabular form as follows, the figures pertaining to each class of vessels (documented and undocumented) being given separately: Dooumented vessels. N u m b e r of vessels involved Vessels totally lost Persons on board L i v e s lost P e r s o n s succored a t stations D a y s ' succor afforded V a l u e of vessels i n v o l v e d V a l u e of cargoes T o t a l v a l u e of p r o p e r t y i n v o l v e d V a l u e of p r o p e r t y saved V a l u e of proi)erty lost 552 40 5,787 73 223 505 §12,128,070 $2,529,170 §14,657,240 $12,936,025 §1,721,215 Undocumented 1,191 .29 3,254 14 214 251 §952,310 §13,600 §965,910 §923,975 §41,935 Total. 1,743 69 9,041 87 437 756 §13, 080,380 §2: 542,770 §15. 623,150 §13, 860,000 § 1 763,150 60 REPORT ON THE FINANCES. The number of casualties, as shown in the foregoing statement, exceeds that reported for any previous year within the lUstory of the estabhshment. The value of imperiled property was greater, also, than ever before except for the year 1909. Notwithstanding this, a lower percentage of property loss is not to be found in any former aimual summary of service operations. I t has been equaled only tmce, namely, in 1896 and 1898. The value of property endangered, however, during the first of these two years was approximately $3,000,000 less, and during the last-mentioned year $8,000,000 less, than was imperiled during 1913. The loss of life within the last year was also exceptionally large, exceeding that of any previous year since the season of 1877-78. I t is also widely at variance with the average annual record of fatahty since the introduction of the present life-saving system in 1871, which has been 33. This unusual record was due to two disasters which took place upon the Pacific coast: One, the wreck of the steamer Rosecrans, January 7, 1913, off the entrance to the Columbia River, with the loss of 33 of the 36 persons she carried; the other, the destruction of the German bark Mimi, April 6, 1913, near the mouth of the Nehalem River, Oregon, with the loss of 16 of the 20 persons on board. I n neither of these instances could those who perished have been saved by any human agency. I t should be stated, moreover, that all of the hfe-saving crews present at these wrecks performed vahant service, those engaged at the disaster first mentioned losing two powerful motor Hfeboats while making desperate and, happily, successful efforts to rescue two sailors, all t h a t remained alive on board when the rescuers appeared after a search of several hours made for the vessel in an impenetrable fog. The work of the corps upon this occasion was marked by incidents of heroism and devotion to duty that have never been surpassed. I t evoked the highest encomiums of press and pubhc, and was specially recognized by the passage of resolutions of commendation by the Legislature of the State of Oregon and the adoption of similar resolutions by various city governments and commercial organizations. Recognition by the National Government was extended to each man who participated in the work in the form of a gold medal, bestowed under authority of the act of June 20, 1874. I t is appropriate to state in this connection that none of the instances of loss of hfe during the year was due to the failure of the corps to perform their full duty. Sources of assistance to vessels. Of the 1,743 vessels included in the tabular statement, 1,364, or 78 per cent, valued with their cargoes at $6,032,935, and carrying 5,168 persons, were assisted" only by the crews of the service; 307, valued with their cargoes at $7,785,205 and having on board 3,270 persons. SECRETARY OF THE TREASURY. - 61 were assisted by the service corps, working in conjunction with revenue cutters, wrecking vessels, etc.; 33, valued with their cargoes at $1,353,455, and carrying 376 persons, were assisted only by private agencies; while 39, valued with their cargoes at $451,555, and carrying 227 persons, got out of danger unassisted or suffered destruction before assistance could reach them. In addition to the services performed by the corps as already set forth, aid was extended to 288 vessels finding themselves in divers situations of need of assistance, though not in immediate danger. The assistance thus afforded consisted largely of emergency piloting, carrying persons to and fro between ship and shore, caring for sick and injured officers and seamen, etc. Warning signals were given also to 182 vessels running into danger. Of these, 117 were steamers. On 147 occasions these warnings were given in the night. Of course no figures can be furnished showing the value of the vessels so warned or the number of persons they carried. I t may be assumed, nevertheless, that the signals were instrumental in preventing the loss of much property and perhaps loss of hfe as well. The net expenditure for the maintenance of the service during the year was $2,204,074.50. Flood service in the Middle West. The spring of 1913 will be long remembered for its record of casualties due to storm and fiood. The effedts of high water, felt generally in Ohio and Indiana, extended also to portions of West Virginia, Kentucky, lUinois, Missouri, Tennessee, and other States farther south bordering upon the Mississippi River. Under personal instructions of the Secretary, given when the news first reached Washington that life was in jeopardy in certain sections of the inundated territory, a number of life-saving crews, with the necessary boats and equipment, was placed at the disposal of State officers and others having charge of relief work. Seven crews in aU performed fiood service, namely, from the Louisville (Ky.), Cleveland and Lorain (Ohio), Michigan City (Ind.), and Jackson Park, Old Chicago, and Evanston (111.) stations. Their work took them to Dayton, Ohio; Covington and Dayton, Ky.; Fort Wayne, Peru, and Terre Haute, Ind.; and Cairo, III. The crews of the Cleveland, Lorain, and Louisville stations also rendered valuable assistance to victims of flood in their home cities. The seven crews rescued and succored while in the performance of flood duty a total of 3,509 persons, besides saving personal property, consisting mostly of hve stock, to the value of $30,000. A special report describing in detail the operations of the corps in the flooded districts is contained in House Document No. 94, Sixty-third Congress, first session* 62 REPORT ON T H E FINANCES. Power boats for rescue and salvage worTc. From the field continue to come demands for power craft to replace certain of the larger types of service boats propeUed by oars. This demand is being met as rapidly as appropriations will allow. At the close of the year 68 self-righting and self-baihng power lifeboats and 58 Beebe-McLellan self-bailing power surfboats (126 boats in aU) were in use at the stations, 19 of the type last described having been put in commission during the year. Of.the lifeboats, 28 are of the 36-foot length and 40 of the 34-foot length. The marked growth of late years in the work of the service does not necessarily indicate a corresponding increase in the number of casualties to vessels along our coasts, but rather the ability of the corps, with their improved boats, to cover more territory than formerly. Of the 4,096 endangered persons taken ashore or to other places of safety by the life-saving crews during the year, 2,748 were transported in the power boats of the service. . MisceUaneous services of station crews. A considerable amount of miscellaneous work, unassociated with casualties to vessels, was performed by the station crews during the year. The service of this description of the most importance was as follows: The rescue of 106 bathers and swimmers and persons otherwise endangered; first-aid treatment given to 96 sick and injured persons; shelter 'and subsistence provided to 116 persons overtaken on the beaches by inclement weather; the saving, upon 157 occasions, of various articles of property, such as automobiles, horse-drawn vehicles, fishnets, lumber, livestock, aeroplanes, baUoons, money, etc., caught in mire and quicksands, endangered by floods and high tides, lost, stolen, etc.; and assistance given in 47 instances at fires involving public and private buildings and other structures and forests. Establishment, rebuilding, and improvement of stations. The stations of the establishment number 285, one station haviag been completed and manned during the year at Eagle Harbor, Mich. Their distribution is as foUows: 203 on the Atlantic and Gulf coasts, 63 on the Great Lakes (including 1 at the Falls of the Ohio River, LouisviUe, Ky.), and 19 on the Pacific coast. Reference was made last year to contracts entered into for rebuilding the Blue Point, Moriches, and Rockaway stations, on the coast of Long Island. This work was completed within the year, as was also the rebuilding of the station at Rockaway Point, on the same coast, and the station at City Point, Mass., to replace structures that were old and unsuited to present-day needs. The rebuilding SECRETARY OF THE TREASURY. 63 of the station at Brazos, Tex., destroyed by hurricane October 16, 1912, was also completed during the year.. Contract was entered into for rebuilding stations at Nags Head and Poyners HiU, N. C , and for extensive improvements to the stations at Point Allerton, Mass., Ocean City, Md., and Burnt Island, Me. This work has all been completed, as has also the work of repair and construction mentioned in last year's report as having been begun at Cobb Island, Va. The rebuilding of the station at Cape Fear, N. C , begun within the year, is still under way. Retirement pay for the life-saving corps. Retirement pay for the life-saving corps has been so repeatedly recommended in former reports and the crying need of such a provision of law so fuUy set forth tha,t further ad version to the subject seems but a waste of words. I t is felt to be a duty, however, to continue to speak. The life-saving establishment enjoys a justly earned reputation for efficiency, but it may be truthfuUy said that its prestige has been held in the face of a steady deterioration of its personnel only because the improvement of its materiel—its boats and apparatus— has not been hampered by the difficulties that have been encountered in keeping its stations properly manned. While improved life-saving appliances have thus far largely offset the lowered physical standard and morale of the corps, due to the inability of the service to attract and hold able recruits, modern equipment and up-to-date methods can not much longer overbalance the deficiencies of a host of old and in many instances physically unsound men whom it is necessary to reenlist from year to year in order that the station crews may not be shorthanded. Men of the sort the service needs have no incentive nowadays to enter an employment that takes the best they can give of youth, health, and zeal in an arduous and oftentimes hazardous routine of duty, then casts them aside like driftwood. The records show that many of those who do enlist leave the establishment after short periods of service, preferring to foUow private pursuits in which, if their earnings are less certain, the chances for getting ahead appear to them to be better. Years ago, when wages in the business world were not so high as at present and the cost of living was less, the young men reared on the coast looked to the Life-Saving Service as their natural field of work. In short, it offered them a career such as suited their train ing and preparation for life. For more than a decade, however, the service has ceased to attract the class of men best suited to its peculiar demands. In preference to joining the corps they are migrating to the larger cities and becom 64 REPORT ON THE FINANCES. ing police officers, members of fixe companies, street-car conductors, and motormen, etc. Strong of body as a rule, they have no difficulty in getting work in the city. Moreover, their changed environment enables them to give their families advantages not to be secured in isolated localities, and they frequently find themselves so situated that they may complacently regard the future, seeing before them that incentive to fidelity that the Life-Saving Service has been unable to hold out, namely, retirement for age or disability. A biU in the interest of the corps is now pending in the Senate. I t is believed that it wiU overcome the objections raised against former biUs of the kind, in that it proposes to remove the life-saving crews from their present civilian status and place them under a new bureau to be known as the Coast Guard, said bureau to include the present Life-Saving Service and Revenue-Cutter Service. This bUl provides for the rank and file of the life-saving establishment and for certain of its officers the same retirement and other benefits now enjoyed by the officers and enlisted men of the Revenue-Cutter Service. As the work of the two services is similar, so far as relates to the saving of life and property from shipwreck, and as the personnel of the two bureaus are in constant cooperation in that line of endeavor, the joining of the two services, as proposed, and the granting of equal benefits to the officers and employees of each alike would seem to be a step in the interest of efficient and economical administration and deserving of the favorable consideration of Congress. REVENUE-CUTTER SERVICE. The foUowing is a summary of the results of the operations of t h e Revenue-Cutter Service during the fiscal year 1913: Lives saved or persons rescued from peril 327 Persons on board vessels assisted 2, 755 Persons in distress taken on board and cared for 264 Vessels boarded and papers examined 25, 079 Vessels seized or reported for violation of law 850 Fines and penalties incurred b y vessels reported $180,470. 00 Regattas and marine parades patrolled in accordance with l a w . . . 39 Vessels to which assistance was rendered 179 Derelicts and obstructions to navigation removed or destroyed 31 Value of vessels assisted (including cargoes) $10, 607, 710. 00 Value of derelicts recovered and delivered to owners $18, 900. 00 Appropriation for 1913, including appropriation for repairs $2, 474, 857. 00 Net expenditure for maintenance of the service, including r e p a i r s . . . $2,471, 532. 51 Estimated unexpended balance $3, 324. 49 To accomplish this there have been 25 cruising cutters and 18 harbor vessels and launches actively employed during the year. SECRETARY OF THE TREASURY. 65 The winter season of 1912-13 was of unusual mildness compared with the severe weather of the previous whiter; but the occurrence of several gales along the coast, together with accidents to shipping from other causes, called forth the usual vigilance and activity of the fleet of revenue cutters, and the result of these operations of the service during the past fiscal year shows that $10,626,610 worth of property has been saved from the perils of the sea and that there have been 327 lives saved or persons rescued from danger. As the total cost for the maintenance of the service during that period was $2,471,532.51, the year's efforts represents a conservation of $4.29 for each dollar thus invested by the Government. Notwithstanding the unusually mild weather conditions of the past winter season, the vessels forming the patrolling fieet were kept busily cruising along the coast to aid ships in distress. The vicissitudes which beset seafaring men are of such an unending variety that even when fair weather prevails accidents of one kind or another occur frequently, and usually at the most unexpected time. Hence it is that the officers and men attached to these winter-cruising cutters are under a constant tension, not knowiag at what moment their services may be called for in the saving of life and property. During the past winter season the patrol was so vigilant that there is no instance on record where a call for help went unheeded. Of the 179 cases of assistance rendered during the fiscal year no two were exactly alike, and all are of interest to show the variety of dangers encountered by seafarers. The following are conspicuous examples of the aid furnished by the cutters and will in a manner illustrate the diversity of the assistance given to vessels in distress: From October 21 to 26, 1912, the Seminole saved from destruction the steamship BerTcshire, which was on fire off the coast of North Carolina. This steamer was loaded with a valuable cargo of highly inflammable materials, such as cotton, resin, pine tar, turpentine, etc., and it was only after the most persistent efforts on the part of the cutter that the fire was brought under control and finally extinguished. On the second day of the fire an accumulation of gases in the hold caused an explosion, which blew off the hatch covers and caused a panic among the passengers. This also was subdued by the officers and the crew of the Seminole, and the 21 passengers were then taken on board the cutter and later transferred in smaU boats to the Cape Lookout Life-Saving Station. The BerTcshire and her cargo were valued at a half million dollars. WhUe the new revenue cutter Miami was en route to her future headquarters at Key West, Fla., on the afternoon of November 5, 1912, off HiUsdale Light, on the east coast of Florida, she sighted the lumber-laden three-masted schooner S. M. Bentley, waterlogged and helpless. Perched on the top of her cabin 12 people could be dis16726°—FI 1913 5 66 REPORT ON T H E FINANCES. cerned through the glasses. These proved to be eight members of the crew and the wife and three smaU chUdren of the master of the schooner. A 10-inch hawser was sent to the wrecked vessel by means of the line-throwing gun, and the wreck taken in tow. The surfboat was then sent alongside, and after considerable difficulty the woman and chUdren were taken off and brought on board the cutter for safety. For over 24 hours the shipwrecked people had had nothing to eat but raw ham, and just as the Miami reached them they had succeeded in starting a fire and were boUing some potatoes which they had picked up from the sea. Fresh provisions and water were furnished the men on the schooner, who remained on board to steer the disabled craft, whUe the cutter towed the vessel hi safety to Key West, Fla. In December, 1912, word reached the Treasury Department that the freight schooner Rouse Simmons, laden with Christmas trees for the approaching holidays, had left a small port in northern Michigan bound for Chicago and that at the time was a month overdue. The season of navigation on the Great Lakes had drawn to an end, nearly all the lighthouses had been closed and buoys removed, ice was forming and fog and snowstorms prevaUed, and it was feared the missing vessel had been lost. There was a hope, however, that she might have blown ashore in some out-of-the-way place, and the cutters Tuscarora and MacTcinac were directed to investigate. A thorough search was made of Lake Michigan and of the small islands in the northern part of that lake, but not a vestige of the vessel could be found. I t is presumed the unfortunate craft foundered with all hands on board, thus adding another chapter to the great mysteries of the sea. The somewhat unusual experience of a vessel needing assistance twice in less than a inonth occurred ia the iastance of the steamship Alcazar, from Trinidad, West Indies, laden with logwood, which was found by the Seminole off Cape Lookout Shoals Light Vessel, abandoned, on December 25, 1912. This steamer was badly listed to port, about 45°, and was down by the head. I t was necessary to tow her stern first, and it was only after extreme difficulties on account of the yawiag from side to side that she was finally towed in safety to Lookout Bight and there anchored. On January 5, 1913, the same steamer was driven ashore in Lookout Bight and was floated by the efforts of the Seminole, which cutter put officers on board to act as customs iaspectors whUe the dutiable cargo was being removed. After a three days' search, aided by radiograms from passiag steamers, the Onondaga succeeded in locating the three-masted schooner Bessie Whiting, which during a severe gale off Cape Hatteras on January 4,1913, had lost hermainsaU and flyiag jib, had her main gaff broken, and the seams opened in the stern and amidships. On SECRETARY OF THE TREASURY. 67 January 6 the Onondaga picked her up 20 mUes northeast of Cape Charles Light Vessel and towed her to Hampton Roads, Va. During the gale one of the schooner's crew, whUe trying to steer the vessel, was thrown overboard by the steeriag wheel and lost; another who took his place had been seriously injured by the wheel, and arrangements were made by means of a radiogram from the Onondaga to give the injured man hnmediate treatment upon arrival off Old Poiat Comfort by the hospital ship Chase, anchored at that place. On the mornuig of January 10, 1913, the Woodbury received word that the steamer Monhegan, with engine disabled and distress signals flying, was anchored off Middle Ledge on the rock-bound coast of Maine, and was gradually beiag forced toward the reef by the gale of wind then prevaUing. The cutter went immediately to her assistance and succeeded in getting a line to the ill-fated steamer, which, with her crew and passengers—numbering 21 souls—had about abandoned hope of rescue. Although the Woodbury is a cutter now over 50 3^ears old and had only a temporary steering gear, she succeeded in towing the disabled craft at a rate of 3 knots an hour to a place of safety. The master of the Monhegan stated ia a letter to the commandiag officer of the cutter that ^ t h r o u g h your assistance the Monhegan was saved from certain destruction/' Removal of derelicts. The duty of searching for and removing derehcts and other menaces to navigation has been continued throughout the year, with the result that 26 of these obstructions have been removed or destroyed, and 5 derehcts, representing a value of $18,900, were recovered and restored to their owners. Reference was made in the last annual report to the fact that, at the request of the War Department, sunken obstructions to navigation were removed by the Revenue-Cutter Service. Jurisdiction over such obstructions is vested by law in the War Department, and hitherto delays have been occasioned in removing these from the paths of commerce, owing to the official correspondence necessary between the Engineer Corps of the War Department and the RevenueCutter Service, whereby the cutters could receive specific authority to act as agents of the Secretary of War for the removal of the obstructions. After conferences with the War Department officials, a set of regulations was agreed upon and promulgated under date of April 2, 1913, which secured close cooperation in these matters, and provided for the prompt action of the commanding officer of any revenue cutter in the removal of sunken obstructions without preliminary correspondence. 68 REPORT ON THE FINANCES. Ice patrol. The loss of the Titanic by collision with an iceberg on April 16, 1912, called the attention of the maritime world to the necessity for providing some systematic means of giving to the trans-Atlantic steamers approaching the regions traversed by the ice in the spring and summer months timely warning as to the exact location of dangerous bergs and fields of ice. The United States Government, always among the first in humanitarian enterprises, maintained an efficient ice patrol by means of two scout cruisers of the" Navy during the months of May and June, 1912. No naval vessels were available for this duty during the spring months of the current year, and therefore, at the earnest sohcitation of the large maritime exchanges of this country, two revenue cutters, the Seneca and Miami, were detailed by the Secretary of the Treasury for the patrol of the ice regions. Using the port of Hahfax, Nova Scotia, as a base for coal and supplies, these two vessels made alternate cruises of 15 days in the ice danger zone and maintained a continuous patrol during the months of April, May, and June, 1913. At the end of this period the reports from the vessels indicated that the icebergs and ice floes had ceased to be a menace to the trans-Atlantic steamer lanes, and the patrol was discontinued for the season as no longer necessary. Protection of the fur seal. During the months of July, August, and September, 1912, and again in May and June, 1913, an efficient patrol of the Bering Sea and North Pacific Ocean was maintained for the purpose of enforcing the provisions of law and the convention entered into by the United States, Great Britain, Russia, and Japan for the preservation of the fur seal and the sea otter. The cutters emplo3^ed in 1912 were the McCulloch, Tahoma, and Manning, and for the season of 1913 the Tahoma, Manning, and Unalga were detailed for this duty. Enforcement of navigation, anchorage, and other laws. Twenty-five thousand and sevent3^-nine vessels were boarded and examined during the year in enforcing the navigation and motor-boat laws. Of these, 850 were reported for violation of law, involving fines in the total sum of $180,470. Practically the same number of vessels were boarded in 1913 as in 1912, and the fact that but 850 were found violating the law in 1913, as agaiast 1,208 in 1912, is gratifying evidence of an increasing regard for the requirements of the law on the part of the owners and the masters of vessels. . The duty of enforcing the law and regulations governing the anchorage of vessels in the harbors of New York and Chicago and the SECRETARY OF THE TREASURY. 69 Kennebec River has contiaued during the year. The Manhattan and Guide were assigned to this work in New York Harbor and the launch Patrol in Chicago. The estabhshment of definite anchorage areas in these crowded harbors has added materially to the safety of navigation and greatly facilitated traffic in these waters, and the recommendation of last year is renewed, namely, that similar laws governing the anchorage of vessels be enacted for all the large seaports. The important duty of regulating the movements of vessels through the St. Marys River, Mich., has been continued, requiring the use of the third-class cutter MacTcinac and two launches. I n addition, three lookout stations have been maintained at important points in the river to observe and regulate the speed of passing vessels, and during the past year it has been necessary to estabhsh a fourth station, at Brush Point. All of the commerce between Lake Superior and the lower lakes, aggregating 72,472,676 tons for the season of 1912, must pass through the St. Mary's River and the connecting canal systems. During the season of 1912 the total number of vessels passing through the locks was 19,691, and the greatest number passing through in one day was 124—on September 24,1912. There was at no time a congestion approaching a blockade, except from ice, on December 12 and 13, and the number of vessels delayed at that time was small. At the request of the Secretary of Commerce, vessels or officers were detailed in 39 instances to enforce the regulations for the safety of hfe during regattas or marine parades. Proposed consolidation of the Revenue-Cutter and Life-Saving Services as the '^ Coast Guard.^^ There exist in the Treasury Department two distinct organizations, the Revenue-Cutter Service and the Life-Saving Service, whose main functions are practically identical, i. e., the saving of life and property from the perils of the sea. The magnitude of these two seryices and the net results of their operations in rescue work may be summarized, as foUows: REVENUE-CUTTER Number of ships: Seagoing Harbor tugs and launches SERVICE. 25 19 Total 44 .Authorized personnel (commissioned officers, warrant officers, and eh, listed men) 1,838 Annual cost of maintenance (1913) ". $2,471, 532 Lives rescued from peril (1913) 327 Value of vessels and cargoes assisted (1913) $10, 626, 610 70 REPORT ON THE FINANCES. LIFE-SAVING SERVICE. Number of stations Authorized personnel (superintendents, keepers, surfmen) Annual cost of maintenance (1913) Lives rescued from peril (1913) Value of vessels and cargoes assisted (1913) 279 2,255 $2, 246, 306 4,096 $6,032,935 History. The Revenue-Cutter Service was founded in 1790, and was the first regularly organized armed maritime service of the Government. I t has taken a conspicuous part ia every maritune war hi which this country has been engaged, and its mUitary status has been fixed by Congress. Its officers and men have the benefits of retirement, mUitary titles, courts-martial, and they rank with officers of the Army and Navy. The LUe-Savhig Service was originated in the Revenue-Cutter Service and for several years after its inception was operated under its direction. I t became a separately organized service in 1878, but since that time officers of the Revenue-Cutter Service have been detaUed as the inspectors and drill masters of the Life-Saving Service. Coast Guard. I t is proposed to unite these two services under one administrative head into an organization to be known as the Coast Guard, which, whUe continuiag its present humanitarian functions in time of peace, wUl have a mUitary status, and become a ffi^st naval reserve in time of war. The principal advantages to be derived from this consolidation will be: «. {a) Increased efficiency in the saving of lUe and property by closer cooperation between the sea life-savers and the coast life-savers. (6) Simplification of the administrative functions. (c) A retired list for the highly deserving men of the Life-Saving Service, whose hazardous duties from J:he modern viewpoint of the public entitle them to this consideration on the part of the Government. ' ° {d) The creation of a fhst naval reserve of approximately 4,100 trained and experienced men, which simply by an Executive order wiU be immediately transferred to the naval forces of the Government either in war or peace, whenever the exigency requiring such action may arise. Existing conditions. To attract competent men in any branch of human endeavor the pay and emoluments offered must be commensurate with the work to be performed and the risks to health and life which must be incurred. The rates of pay in the Life-Saving Service can not with SECRETARY OF THE TREASURY. 71 justice be fixed solely with reference to the actual work performed, for in a hazardous caUing of this kind there must be considered the ever-present risk of injury, the possible loss of life, and the necessity for providing for the declining years when the human physique becomes, through advancing age, incapable of standing the strains incident to such a strenuous occupation. Prior to 1908, owing to the small pay and lack of a retired hst, the ranks of the Life-Saving Service became much depleted. Congress by act of March 26, 1908, sought to remedy this condition by a shght raise of pay for keepers and surfmen. " For a brief time some improvement was apparent, but at present the conditions are even worse than before. Good men are continuaUy leaving the service because they are able to earn a greater income in civil pursuits, and the Life-Saving Service offers no advantage to offset this difference in pay. These conditions make it more and more difficult to secure even sufficient apphcants for current vacancies, and it is necessary to employ temporary men, picked up by the keepers from such material as can be obtained from among the unemployed in their vicinity. These men are too frequently of the ne'er-do-well, shiftless, and incompetent type, unable or unwilhng to qualify for regular enlistment; men who wiU remain in the service for comparatively short periods, necessitating frequent changes and the consequent training of new men. Their influence in the crews is bad and it is difficult to hold them amenable to disciphne, in consequence of which the efficiency of the stations is inevitably lower, aPxd the extra work and responsibUity thrown on the keeper and the regular members of the crew are sources of discontent and friction. The presence of such untrained men in the boats adds greatly to the perils of the rescue work at wrecks, often endangering both the lives of the crew and of those whom it is sought to save. In many of the life-saving stations the best qualified and most reliable men are those who have reached such an age as to place them beyond the probabUity of being able to secure other regular employment, and who are retained in the service solely for the reason that they, even in their advanced years, are better than such new men as can be obtained with the smaU inducements offered. During the past fiscal year about 11J per cent of the total force have either been discharged for physical disabUity or declined to continue in the service under existing conditions. In several of the districts it appears to be impossible to secure sufficient men to fill the current vacancies, and in one district particularly there are 58 vacancies and not a man on the eligible list. I t is believed that the organization of the Coast Guard as proposed wUl remedy the existing evUs and save this highly meritorious branch of the public service from decadence. 72 . REPORT ON TPIE FINANCES. The experience of the Revenue-Cutter Service bears out this belief, as since the enactment of legislation giving its officers and men the benefits of retirement this arm of the Government has increased its efficiency more than fourfold. Cost. Naturally such an increase hi efficiency must result in an increased cost of maintenance, but the advantages gained wUl be greatly in excess of such increased cost, and reference is again made to the experience of the Revenue-Cutter Service in support of this assertion. For example, during the four fiscal years 1898 to 1901 (prior to the enactment of any remedial legislation) statistics show that for each dollar invested in that service it was instrumental in saving $2.39 worth of marine property. For the corresponding period of the next decade, 1908 to 1911, after Congress had given the service a retired list and increased pay, an investment of $1 saved $4.43 of the floating property belonging to the public. The Senate of the United States on two occasions by a unanimous vote has passed a bill giving the Life-Saving Service a retired list as a separate organization, but the contemplated legislation has on both occasions failed in the House of Representatives, owing to the reluctance of that body to grant a retired list to a branch of the civil force of the Government. The increased cost, as estimated, on account of the requirements of that bill, .would have been approximately $450,000. The legislation as proposed for the formation of the Coast Guard would, on account of the military status it gives to the Life-Saving Service, in all probabUity, remove the objection heretofore made by the House, and the net increased cost over existing conditions would be only $397,700. Special cruises. I n September last the new revenue cutter TJnxflga, built at Newport News, Va., and destined for service in Alaskan waters, was dispatched to her headquarters, via the Suez Canal. This route to the Pacific coast was selected rather than the shorter one via Cape Horn for the reason that the excessive price of coal along the shorter route made the total cost of fuel less over the longer route. November 10, 1912, shortly after she had left Port Said, instructions were cabled to the American consular agency at Suez to intercept the vessel by radio and transmit orders for the Unalga to return to Port Said and await further orders. This interruption of the voyage was made at the request of the State Department, owing to the fact that an unsettled state of affairs existed in Turkey, and there was no United States naval vessel in those waters. Subsequent orders were cabled to the commanding officer to report by radio to the American ambassador at Constantinople and, if the latter deemed it advisable, to proceed SECRETARY OF THE TREASURY. 73 to such ports in Turkey as he might designate. The cutter remained at Port Said in constant readiness to answer any caU from the ambassador until December 16, 1912, when the arrival of the U. S. cruiser Montana in those waters made the presence of the Unalga no longer necessary, and she was directed to resume her voyage. The vessel finaUy arrived at Port Townsend, Wash., March 23, 1913, and began immediate preparations to take up her duties in connection with the Bering Sea patrol for the enforcement of the seahng convention. The Thetis made several cruises to Lysianski, Necker, and Bird Islands, and French Frigate Shoals, transporting to and from these remote insular possessions in the Pacific Ocean a party of scientists and Government agents sent out from the Department of Agriculture for the purpose of obtaining information relating td, and taking steps to conserve, the bird life on these reservations. At the request of the Department of Justice the Thetis was again placed at the disposal of the ^'floating court" in the spring of 1913, and was assigned the duty of transporting the United States District Court and its attaches to remote places in southern and southwestern Alaska, in order to minimize the expense of administering the law in these out-of-the-way places. The Bear was dispatched to precede the fleet of merchant vessels bound to Nome at the opening of navigation in the spring of 1912 in order to safeguard navigation by developing the extent and condition of the ice fields and keeping the approaching steamers advised by radio of dangerous areas. This vessel carried to northern Alaska, at the request of the Postmaster General, the large accumulation of winter maU, aggregating 12 tons. After the ice had passed out of the Bering Sea and open navigation was assured, the cutter made her annual cruise through the Arctic Ocean to Point Barrow, visiting all the vUlages and Government schoolhouses in those remote districts, assisting shipping, and overlooking Government interests in general. The Department of Justice appoints one officer of the Bear a United States commissioner and another officer a deputy United States marshal in order that court may be held in minor cases, and thus avoid the considerable expense of transporting such minor offenders to Nome for trial, After the cruise through the Arctic was completed, the Bear returned to the Bering Sea and remained in the vicinity of Nome untU the close of navigation in November, 1912, to render such assistance as might be needed to vessels during those stormy months. New vessels and repairs. The new cutters Unalga and Miami have during the year taken up their duties on the stations for which they were constructed, the former with headquarters at Juneau, Alaska, and the latter at Key West, Fla. The old cutters Rush and Forward have, in accordance 74 REPORT ON THE FINANCES. with the requirements of law, been condemned, advertised for sale, sold to the highest bidder in each instance, and stricken from the list. During the year the old practice ship Chase has also been stricken from the list. This vessel, a bark-rigged saUing craft, was used for many years as a school of instruction for the line cadets of the service, and nearly all the present line officers on the active list have secured their preliminary training on this vessel. She had, however, outlived her usefulness as a practice ship, and by dhection of the Secretary of the Treasury was altered into a quarantine vessel and transferred to the Public Health Service, under which branch of the Treasury Department she is now performing service at Fortress Monroe, Va. No other changes in the list of vessels have occurred during the year. Attention is again invited to the urgent necessity of providing new ships to supply the pressing needs of the service. Unfortunately a bUl to provide four new vessels to replace the Perry, Woodbury, Manhattan, and Winona, although receiving the unanimous approval of the House Committee on Interstate and Foreign Commerce, f aUed of passage at the last session of Congress. The bUl has since been reintroduced duriag the present session of Congress, and, as the necessity for these new vessels is even greater than it was a year ago, it is earnestly hoped t h a t the bill will be passed at the earliest possible time. In order to expedite the construction of these vessels, so badly needed, plans and specifications for the new craft are now being prepared by the technical officers having charge of such work. The. Woodbury, Manhattan, and Win/ynxi are in such condition t h a t . it is extremely difficult to keep them up in such a state as to enable them to perform any service. The Perry, as previously reported, was lost in the Bering Sea during the summer of 1910, and- her absence makes it almost impossible to perform efficiently the duties required of the service on the Pacific coast. Current repahs to the vessels of the service have been made as the necessities for them became apparent and, in addition thereto, extensive repairs have been made to the Manning, Calumet, and Morrill. The former vessel was reboUered and additional bunkers added. The main engine was altered to the end t h a t a greater ratio of expansion might be obtained. By these improvements the steaming radius of this vessel has been nearly doubled, a most desirable feature for the Bering Sea cruising, and this too without reducing the maximum speed of the cutter. The Calumet was provided with a new boUer and at the same time fitted with oU-fuel burning apparatus. The entire absence of smoke incident to this change and her readiness to respond to hurry calls makes this fuel an ideal one for vessels on boarding duty. The Morrill was given a thorough overhauling, including new decks, new house, new masts, and the installation of radio apparatus. SECRETARY OF THE TREASURY. 75 Many of the older vessels of the service need extensive repairs to both hull and machinery, but the appropriation allowed annually (only $175,000 for the entire service) makes it impossible to provide these repairs on more than two or three vessels each year and at the same time keep up the current repairs of a minor nature. I t is hoped during the current fiscal year to make repahs to the McCulloch similar to those made to the Manning during the last year. Such repairs alone cost upward of $60,000 for one vessel, a considerable proportion of the total allotment for the entire service, but the gains in the economy of operation and the efficiency consequent to the greatly enlarged steaming radius make the investment an excellent one. Service depot in AlasTca. I t is recommended that a permanent depot be established either at Dutch Harbor or Unalaska, Alaska, as a base for the operations of the service in northern waters. For many years past one or the other of these places, located about 1 mUe apart, has been used as a temporary base for the Bering Sea patrol fleet and other vessels in Alaskan waters; in fact, owing to their geographical location and their safe harbors they are the only ports that can be used for this purpose. As the growing importance of Alaska, the increase in its shipping, and the duty of enforcing the convention for the prevention of pelagic sealing will require such a supply base for years to come, either of these two ports must continue to be so used, and in the interest of economy the Government should have its own station at one of these places for the storage of necessary fuel and supplies. At the present time coal for the fleet must be purchased practically •without competition, since there is but one concern at each of these ports from which fuel can be obtained. During the past 2 years coal has cost at Unalaska $12 a ton and fresh meat 30 cents a pound. The average amounts of these items purchased annually are 4,500 tons of coal and 30,000 pounds of fresh meat. Good coal can be purchased at the mines and delivered at Unalaska for about $7 a ton. Allowing $1 for handling, it wUl be seen that a saving of $4 a ton, or $18,000 annually, would be effected in the matter of coal alone if the Government had its own station at Dutch Harbor or Unalaska. There are other Government vessels belonging to other departments which are obliged to coal at Unalaska, and the total saving to the Government annuaUy in the cost of coal would not be less than $20,000. Dutch Harbor would be the better location, because of its larger harbor, but if the Government could not acquire at a reasonable cost the site at that place, now owned by the North American Commercial Co., consisting of about 40 acres, with wharf, storehouses, and other buildings, a reservation could be had at Unalaska, about 1 mUe to 76 REPORT ON THE FINANCES. the southward, and the wharves and buildings now occupied by the Alaska Commercial Co. could be purchased and put in proper condition. Saving of life and property on interior navigable waters. In view of the beneficial results of the activities of the RevenueCutter Service in the saving of life and property along the Atlantic, Gulf, and Pacific coasts and on the Great Lakes, the question naturally arises why these benefits should not be extended to the inhabitants and shipping interests along the navigable waters in the great Middle West and Southwest. The annual overflowing of the Ohio and Mississippi Rivers and their tributaries, the great loss of life and property incident thereto, and the necessity, as evidenced last year, of sending from the Great Lakes and the Atlantic ports skilled men and life-saving apparatus to aid in saving lives in the inundated regions, presents a legitimate field for the operations, of the Revenue-Cutter Service. Three typical light-draft river steamers should be constructed and equipped as revenue cutters; each of these craft provided with not less than four powerful motor lifeboats and equipped with such other lUe-saving appliances as may be necessary for work along the rivers. During the flood seasons these cutters should be directed to follow the crest of the flood from Pittsburgh down to the mouth of the Mississippi, and there is but little doubt that their services would be of great value in rescuing lives and property and in distributiag food and clothing t o marooned people. During flood times surgeons could be detaUed to the cutters to render medical aid where needed. Duriag the periods when floods are not raging, the three cutters could be very efficiently used in patrolling these inland waters for the enforcement of the navigation and motor-boat laws and in rendering aid to vessels in distress. Headquarters should be assigned to these cutters at Louisville or Cincinnati on the Ohio, at St. Louis on the upper Mississippi, and at Helena, Ark., or Vicksburg, Miss., on the lower Mississippi. Cutters of this type can be constructed and properly equipped for $80,000 each, or a total of $240,000 for the three. The annual cost of maiatenance would be approximately $80,000 for the three cutters, a small sum to expend for the saviag of life and property when compared with the vast sums annually lost through these floods. This matter is earnestly submitted for consideration. Appointment of cadets. Some relief from the critical situation regarding the recruithig of its commissioned personnel, which confronted the service duriag the past year, was afforded by a clause in the sundry civU bill for the fiscal year 1914, which provided for the appoiatment of 7 cadets dur SECRETARY OF THE TREASURY. 77 ing the current year. Even with these 7 appointments, there still exist 7 vacancies which can not be filled at the present time. I t is therefore earnestly recommended that 7 additional cadetships be authorized for the fiscal year 1915, makiag a total of 14 cadets and cadet engineers for that year. I t is also urged that in 1916 permanent authorization be made for 21 cadets and cadet engineers. The record of the past shows that 7 cadets is the average number needed each year to fill vacancies, and as three years is the maximum period of probation for cadets, there should be 21 cadets and cadet engiaeers under instruction all the time to provide for the vacancies which occur in the authorized personnel of 242 officers of all grades. Inadequate appropriations. Reference was made in the last annual report to the fact that notwithstandiag the constantly increasing duties requhed of the RevenueCutter Service, the appropriations for the maiatenance of the service during the past two or three years have been reduced. In 1911, a horizontal cut of $100,000 was made, to be foUowed by a stUl further reduction of $28,000 for the fiscal year 1913, and this despite the almost universal advance in the cost of fuel, rations, and supplies. The statement was made hi the last annual report that this condition would inevitably force an application to Congress for a deficiency appropriation, and it has been found necessary to obtain deficiency funds on two occasions in order to carry the service through the last fiscal year. In addition to this, and despite the fact that substantial economies were effected by purchasing supplies through the Navy contracts, other methods had to be adopted to keep the expenditures within the limit of the sums appropriated. Therefore, the crews of certain cutters on the Atlantic coast were reduced and the activities of these vessels restricted duriag the months of May and June. These expedients are not in the true iaterests of economy, as they actually cripple the service by preventing the efficient performance of its legitimate functions. For the current fiscal year an increase of $40,000 over that of the appropriation for 1913 was allowed, but even with this increase the authorized appropriation is much less than the total amount for which carefully prepared estimates were submitted, and in all probabUity the expedients resorted to last year wUl have to be repeated before the close of the current fiscal year. I t is therefore earnestly requested that Congress be urged to allot a sufficient amount for the maintenance duriag the next fiscal year, to the end that the service may be able to perform the duties required of it. 78 REPORT ON T H E FINANCES. DIVISION OF LOANS AND CURRENCY. Public-debt transactions. Changes in interest-bearing debt of the United States: Amount outstanding J u n e 30, 1912 Postal savings bonds, third series, dated J u l y 1, 1912 Postal savings bonds, fourtli series, dated Jan. 1, 1913 $963, 776, 770 854, 860 1, 074, 980 Amount outstanding J u n e 30, 1913 965, 706, 610 Interest on registered bonds. Interest amounting to $20,996,243.50 on registered bonds of the United States became due, involving the issuance of 129,487 interest checks. Transfers, exchanges, and redemptions. Amount transferred and exchanged Amount redeemed (matured debt on which interest had ceased) $108, 624,140 57,560 Insular and District of Columbia loans. The foUowing table shows the changes in these loans: Philippine Islands. Amount outstanding June 30,1912 Increase Decrease . . . Amount outstanding June 30,1913 Porto Rico. District of Columbia. $16,125,000 $425,000 1,100,000 $8,258,600 16,125,000 1,525,000 7,610,850 647,750 Interest on the above loans amounting to $949,840.25 became due and was certified to the Treasurer for payment. Circulation. The changes in the amounts of the several kinds of money in the United States outside the Treasury between November 1, 1912, and November 1, 1913, are shown in the table following: o Comparative statement showing the changes in circulation. In circulation— Classes. Decrease. Nov. 1, 1912. Gold coin standard silver dollars Subsidiary silver Gold certificates Silver certificates.. Treasury notes, act of July 14,1890 United States notes Q National-bank notes Total Net increase... $610,614,208 73,599,090 151,580,472 943,545,429 481,749,136 2,825,887 342,543,914 721,648,264 . . 3,328,106,400 Increase. Nov. 1, 1913. $614,478,201 74,012,152 160,486,188 1,021,451,879 480,079,731 $1,669,405 2,583,874 242,013 •41,401,413 1,142,501 722,616,240 $3,863,993 413,062 8,905,716 77,906,450 3,417,109,678 92,057,197 . 3,053,919 967,976 89,003,278 79 SECRETARY OF THE TREASURY. Redemption of currency, etc. During the year 291,730,000 pieces of United States currency and 7,071,895 internal-revenue stamps were counted for redemption and destroyed, 49,351,299 pieces of national-bank currency were destroyed, and 9,722,991 sheets of imperfect paper or mutilated work were counted and destroyed. Paper custody. Stock on hand July 1, 1912, aU kinds Received from contractors during year Issued to Bureau of Engraving and Printing On hand June 30, 1913, aU kinds sheets.. 34, 417, 576 do 192,181, 508 do 208,120, 321 d o . . . . 18, 478, 763 National currency associations {act oj May SO, 1908). During the period July 1, 1912, to November 1, 1913, two new associations have been formed (at Louisville and San Francisco) and the following changes have been made in the associations named: Washington, 2 banks added; Boston, 1 bank added; Detroit, 1 bank withdrawn; Albany, 2 banks added; Kansas City, 3 banks added; Cincinnati, territory extended to include contiguous parts of the States of Ohio, Indiana, and Kentucky, 28 banks have been added and 1 bank has withdrawn; Alabama, 1 bank withdrawn; Louisville, 2 banks added. Date of approval of formation by Secretary. Name. Wasliington, D.C City of New York, N. Y , City of Philadelphia, Pa State of Louisiana City of Boston, Mass State of Georgia City of Chicago, 111 St. Louis. Mo TwtQ Cities, St. Paul, Minn , City of Detroit, Mich Albany, Rensselaer, and Schenectady Counties, N . Y , Kansas City and St. Joseph, Mo City of Baltimore, Md Cincinnati, Ohio DaUas, Tex State of Alabama Denver, Colorado Springs, and Pueblo, Colo Los Angeles, Cal Louisville, Ky San Francisco, Cal • Total, 20 associations. Number of banks. Aggregate capital and surplus. Capital.i Surplus.i $6,602,000 117,052,000 20,975,000 6,100,000 26,700,000 8,195,000 42,900,000 19,510,000 13,050,000 6,525,000 $5,067,000 129,025,000 37,740,000 4,105,000 19,450,000 6,651,000 26,400,000 9,095,000 11,065,000 3,490,000 $11,669,000 246,077,000 58,715,000 10,205,000 46,150,000 14,846,000 69,300,000 28,605,000 24,115,000 10,015,000 12,1910 14,1910 20,1910 22,1910 9,1911 8,1911 3,825,000 7,350,000 11,840,710 17,630,000 4,260,000 5,700,000 3,800,000 3,960,000 8,020,010 9,004,000 3,225,000 3,652,500 7,625,000 11,310,000 19,860,720 26,634,000 7,485,000 9,352,500 N o v . 15,1911 Apr. 18,1912 A u g . 25,1913 Sept. 5,1913 4,650,000 6,925,000 6,795,000 28,500,000 5,055,000 2,648,000 3,178,000 16,670,000 9,705,000 9,573,000 9,973,000 45,170,000 338 365,084,710 311,300,510 676,385,220 July 18,1908 July 30,1910 Aug. 9,1910 Aug. 18,1910 Sept. 15,1910 Sept. 16,1910 Oct. 14,1910 Oct. 31,1910 do Nov. 28,1910 Dec. Dec. Dec. Dec. Jan. July 1 As shown by reports to Comptroller of the Currency dated Aug. 9,1913. DIVISION OF PUBLIC MONEYS. The monetary operations of the Government have been conducted through the Treasurer of the United States, 9 subtreasury offices, the treasury of the PhUippine Islands, the American Colonial Bank of Porto Rico, and 1,575 national bank depositaries. 80 REPORT ON, TPIE FINANCES. The amount of public moneys held by the bank depositaries on June 30, 1913, including funds to the credit of the Treasurer's general account and United States disbursing officers, was $76,263,615.06, an increase since June 30, 1912, of $27,757,429.29. On June 30, 1913, there were 850 regular depositaries and 691 temporary depositaries; 218 were designated during the year and 34 discontinued. On November 1, 1913, the number was 1,621, and the amount of public moneys held by them was $98,069,011.43. DIVISION OF BOOKKEEPING AND WARRANTS. The fiscal transactions recorded in this division during the year ended June 30, 1913, were as foUows: The books of the division have carried open receipt and appropriation accounts during the year to the number of 7,500, which have been charged and credited with aU warrant entries affecting the receipts and disbursements. Approximately 7,600 active accounts of coUecting and disbursing officers were carried in the current personal ledgers of the division, recording their transactions as to deposits of public moneys and expenditures made from moneys advanced to them. The method formerly used of recording receipt and pay warrants in permanent registers in manuscript has been replaced by a system of loose-leaf registers, typewritten records therefor in quadruplicate being produced at one writing, one copy for this division and separate copies for similar records in the offices of the ComptroUer of the Treasury and the Treasurer of -the United States, where books in manuscript have heretofore been kept. Additional copies of the paywarrant schedules are also furnished the Auditor for the Treasury Department for information in stating the quarterly accounts of the Treasurer of the United States, and the original sheets of receipt and repay warrants are furnished the several auditors for their use in settling the accounts of fiscal officers. A totar of 113,716 receipt and pay warrants, aggregating $3,9.26,923,553.16, was issued during the year., Of this number30,952 were for the receipt of moneys into the Treasury, and 82,764 for disbursements from the Treasury. Of the above sum, warrants in the amount of $1,496,215,653.88, representing receipts of $747,512,079.84 and disbursements of $748,703,574.04, including public-debt items, were credited and charged respectively to the general fund of the Treasury; warrants representing $2,022,742,200 were issued for public-debt receipts and redemptions not affecting the general fund of the Treasury, the moneys involved beiag held for the redemption of certificates and notes for which the funds are respectively pledged; and warrants rep- 81 SECRETARY OF THE TREASURY. resenting $407,965,699.28 were issued for adjustment of appropriation accounts, largely for the naval '^General account of advances.'' The foUowing table exhibits the totals of the receipts and disbursements of the year for the general fund, details of which are shown on pages 18 to 23. Ordinary Panama Canal Public debt Disbursements. Excess of receipts (+) or of disbursements (—). 23,400,850.00 $682,770,705.51 41,741,258.03 24,191,610.50 .+$41,340,624.33 - 41,741,258.03 790,760.50 747,512,079.84 748,703,574.04 Receipts. ~ $724,111,229.84 . . ^ '. Total - 1,191,494.20 This shows a surplus of ordinary receipts over ordiaary disbursements of $41,340,524.33 and an excess of aU disbursements over all receipts of $1,191,494.20, taking hito account public debt transactions and payments from the general fund of the Treasury during the year of $41,741,258.03 forthe Panama Canal without sales of bonds. State bonds and stocTcs owned by the United States. , The foUowing statement shows, the nonpaying State bonds and stocks, formerly ia the Indian trust fund, now in the Treasury, belongins: to the United States: Principal. Louisiana North Carolina .- TerJTiftssPA- . . ,. Total Interest coupons due and unpaid. $37,000.00 58,000.00 335,666.66§ $17,220.00 88,140.00 157,830.61 430,666.661 263,190.51 A history of these State stocks and bonds is given in House Document No. 263, Fifty-fourth Congress, second session. SECRET-SERVICE DIVISION. There were 6 counterfeit-note issues during the year, which shows a marked decrease compared with 1912, when there were 24; of these 6 but 1 was at all dangerous. The total representative values of notes and coins captured durhig the year was $42,000, as against $39,000 for 1912. There were 365 arrests, against 324 in 1912. The note raiser was unusually active, 58 of the 67 persons charged with violating sections 148 and 151 of the Penal Code beiag note raisers or passers of raised notes. The Pacific coast suffered most from the operations of these offenders, but since the arrest in January 16726°—FI 1913 6 82 REPORT ON THE FINANCES. of 1 of the principal offenders and 15 confederates at San Francisco, Cal., and Portland, Oreg., that section of the country has experienced rehef in this respect. While coin counterfeiters represent more than 60 per cent of the total arrests and there was an increase in the amount of counterfeit coins captured during the year, the ^^coiner'' is apparently abandoning the more difficult and expensive method of striking his coins from dies in favor of the easier and cheaper molding process. There were 16 dies captured during the year, as against 25i in 1912, whUe 184 molds were seized, compared with 119 the previous year. DIVISION OF PRINTING AND STATIONERY. Printing and binding. The appropriations, expenditures, and unexpended balances for the fiscal years 1911, 1912, and 1913, were as follows: Year 1911 1912 . . . 1913 i Appropri- Expended. ated. $350,000 360,000 340,000 $332,827 328,303 294,403 Unexpended balance. $17,173 31,697 45,597 The above discloses a gradual reduction in expenditures on account of printing and binding. In 1911 there was an expenditure of $332,827; in 1912, $328,303; and in 1913, $294,403. The number of requisitions on the Pubhc Printer was also correspondingly reduced. In 1911 there were 7,327; in 1912,5,947; while in 1913 there were but 5,147. The foregoing reduction resulted from a careful supervision of the work and in no way interfered with the efficiency of the service. The amounts expended for printing and binding by bureaus, offices, and divisions during the fiscal year 1913 were as follows: Ofiice of the Secretary: Secretary and Assistant Secretaries Chief clerk and superintendent Disbursing clerk Diyision 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 Mail and Files— Division of Special Agents Division of Secret Service Government actuary Section of surety bonds $10,114. 82 506. 95 364.05 612. 98 17,3 36.18 2,358. 81 451.55 479. 50 1, 674. 07 2,422.10 7. 66 237. 53 162.90 133. 84 584. 56 $37, 247. 50 SECRETARY OF THE TREASURY. Oflace of Comptroller of the Treasury Office of Comptroller of the Currency Office of Auditor for the Treasury Department Office of Auditor for the War Department Office of Auditor for the Interior Department Office of Auditor for the Navy Department Office of Auditor for the State and other Departments Office of Auditor for the Post Office Department Office of Treasurer of the United States.. Office of Treasurer of the United States (N. B. R. A . ) . . . . . . . . Office of Register of the Treasury Office of Commissioner of Internal Revenue Oflice of Director of Bureau of Engraving and Printing Office of Supervising Architect Office of Director of the Mint Office of Surgeon General Public Health Service Office of General Superintendent Life-Saving Service Miscellaneous Reimbursable accounts other than N. B. R. A 83 $4,593.88 18,326.04 950. 53 871.31 809.58 2,922.04 747. 35 5,846.49 8,037.63 4,969.03 227. 70 5,699. 98 4, 775. 56 36,262.86 3,348. 35 34,481.50 2,364.18 22,599.07 21,911. 23 $179, 744.31 Treasury service outside of Washington: Customs Independent Treasury. National-bank depositaries Life-Saving Public Health Revenue-Cutter Internal Revenue Mint and Assay Custodians, etc., of public buildings Transportation companies 49,530.98 5,141.89 4,223.10 1,683.69 3,034.51 2,703. 29 31,877. 71 2,768.56 3,182. 26 145.01 104,291.00 Total expenditure Reimbursements 321,282. 81 26, 880.26 Net expenditure 294, 402. 55 A net balance of 45, 597.45 Stationery. Three hundred and thhty-six principal items of stationery were ordered and issued during the year, based on 2,563 requisitions from 34 bureaus, offices, and divisions of the department in Washiagton and 9 outside Treasury services, including among others the Customs, Internal Revenue, Subtreasury, Life-Saviag, and Public HealthServices. Envelopes to the number of 15,194,000 were requhed to supply the needs of the service durhig the year. 84 REPORT ON T H E FINANCES. Statements showiag the appropriation and stock accounts for the fiscal year 1913 and a comparison of the issues for the years 1912 and 1913 follow: Appropriation account. Appropriation Reimbursements received Reimbursements not received $136,150. 00 $5,051.19 28.10 5,079.29 Total credit Vouchers...., 141,229.29 113,761.19 Unexpended balance '.. 27,468.10 Stationery stock. On hand July 1, 1912., : Amount ordered, less freight allowed $30,843. 07 113, 761.19 To be accounted for Issues : Freight allowed 144,604. 26 $107,190.73 30. 22 107,160.51 Balance Changes on account of contract prices and adjustments 37,443. 75 1,160. 94 Inventory asof 1914 value 36, 282. 81 I S S U E S BY OFFICES AND SERVICES D U R I N G FISCAL Y E A R 1913. Inside service. Office of the Secretary: Secretary and Assistant Secretaries Chief clerk and superintendent 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 Mails and Files Division of Special Agents Disbursing clerk Government actuary Section of surety bonds Auditor for the Treasury Department Auditor for the War Department Auditor for the Interior Department Auditor for the Navy Department Auditor for the State and other Departments Auditor for the Post Office Department Comptroller of the T r e a s u r y . . . . , Comptroller of the Currency '. 1 $1,333. 96 370.96 486. 55 492. 68 315. 93 ' 216.17 1, 749. 40 1, 018. 78 604. 69 57. 78 134. 31 336.11 1. 59 59. 60 389. 30 1, 365. 45 451. 74 371. 80 294. 82 3,192. 42 373. 97 7, 207. 68 SECRETARY OF THE TREASURY. Treasurer of the United States Register of the Treasury Supervising Architect Internal Revenue. Public-Health Service..... Life-Saving Service Bureau of the Mint Secret Service Account of the General Supply Committee Damage account ^ 85 $11,214.88 147.63 5,230.24 6,778. 59 ,. 1,231. 50 : 396. 99 104. 25 257. 76 56. 20 7. 51 ' Total Total fiscal year 1912 46, 251. 24 41,167. 78 Outside services. Internal Revenue Customs Revenue-Cutter Service Life-Saving Service Public-Health Service " Superintendents of construction Custodians Mints and Assay offices Assistant treasurers Bureau of Engraving and Printing $12,498.16 29,211. 99 1,067. 01 741.30 1,483. 33 725. 63 1,116. 93 992.48 4,087. 24 3,936.13 - Total 55,860. 20 Reimbursable accounts. Treasurer of the United States (N. B. R. A.) President's Commission on Economy and Efficiency $4,649. 86 36. 04 General Supply Committee 393. 39 TotaL. $5, 079. 29 Total outside and reimbursable Total outside and reimbursable, 1912 Grand total, 1913 Grand total, 1912 " 60, 939. 49 68, 307. 88 107,190. 73 109,475.66- ChecTc paper. The appropriation for the purchase of paper to be used in prhiting checks for the use of the disbursing officers of the Government was $9,000. The authorized expenditures from this appropriation duriag the year were $8,830.64, leavhig a balance of $169.36. Acting on the recommendation of the Chief of the Division of Printiag and Stationery, the administration of the appropriation for check paper was transferred to the Bureau of Engraving and Printing, to take effect July 1, 1913. 86 REPORT ON T H E FINANCES. Postage. The appropriation for postage to prepay matter addressed to Postal Union countries and for postage for the Treasury Department for the fiscal year 1913 was $1,000. Expenditures from the appropriation amounted to $961.53, with a resulting balance of $38.47. Materials for booTcbinder. The expenditures from the appropriation of $250 for materials for the department bookbinder for the fiscal year 1913 amounted to $247.93, leaving a balance on hand of $2.07. Duplicating worJc. Duriag the year 918 requisitions were made for duplicatiag forms in the duplicating section of the division. This plant is used for duplicating circulars, smaU forms, etc., on which quick delivery is necessary. In addition to this feature, the plant has proved quite an economy, saving the cost of prhiting at the Government Printing Office which would otherwise have been required. Department advertising. The number of authorizations for advertising issued to newspapers and periodicals durhig the year was 3,234, and vouchers for the same were examined and certified to the auditor for settlement. The expenditure for advertising was approximately $18,500. It was in large part for soliciting bids for the purchase of buUding sites and for the erection of public buUdings and their equipment and maintenance, though a portion of it was for supplies for the RevenueCutter, Life-Saving, and Public Health Services, and the notices of seizures, unclaimed goods, and sales authorized to be made by collectors of customs and internal revenue ia connection therewith. Addressing machines. The addressing machines operated hi the division for the benefit of the department have proved both useful and economical. On these machines were addressed during the year many thousands of envelopes. They are especially useful and convenient in hurried work and in emergencies, • as in the case of bank caUs by the Comptroller of the Currency, the date and hour of which are unknown except to the comptroller, and in connection with the issuance of hurried and important financial statements by the Secretary. TABLES ACCOMPANYING THE REPORT ON THE FINANCES. 87 TABLE A.—Statement ofthe outstanding principal ofthe public debt ofthe United States June 30,1913. 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 (6 Statutes, 228); March 2,1839 (5 Statutes, 323); March 31, 1840 (5 Statutes, 370); February 15,1841 (5 Statutes, 411); January 31,1842 (6 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 OP 1847. Act of January 28,1847 (9 Statutes, 118) TEXAN INDEMNITY STOCK. Act of September 9,1850 (9 Statutes, 447) LOAN OF 1858. Actof June 14,1858 (11 Statutes, 365) I LOAN OF FEBRUARY, 1861 (1881s). Act of February 8,1861 (12 Statutes, 129) TREASURY NOTES OF 1861. Actof March 2,1861 (12 Statutes, 178) OREGON WAR DEBT. Actof March 2,1861 (12 Statutes, 198) 1 Included in old "debt." When redeem- Rate of in- atPrice which able. terest. sold. On demand... 5 and 6 per cent. land.2 years 1 and 2 years TV of 1 to 6 per cent. from date. Amount authorized. Amount issued. Amount outstanding. 8151,610.26 Indefinite . Par. $51,000,000.00 $47,002,900.00 0) w tei o t^ > 1 year 1 year from date. :^ of 1 to 5 | P a r . per cent. 10,000,000.00 7,687,800.00 5 years 5 years from date. 5 per cent... P a r . 320,000.00 303,573.92 (») 23,000,000.00 2 26,122,100.00 (0 52,778,900.00 0) 233,075.00 0) 1 and 2 years 1 and 2 years 5 | and 6 per cent. from date. Par. 3 to 6 per cent. Par. 1 year 1 year date. from Indefinite . . At the pleas- 6 per c e n t . . . P a r . ure of the Government. Jan. 1,1868.... 6 p e r c e n t . . . Ik to 2 20 years per ct. pre. J a n . l , 1865.... 5 p e r c e n t . . . Par 14 years Indefinite . .. Indefinite 23,000,000.00 3 28,230,350.00 Ki o w tei 950.00 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 per cent-.. (Av.)89.03| 25,000,000.00 18,415,000.00 5,000.00 15 years Jan. 1,1874.... 5 p e r c e n t . . . Av. pre. of 3 ^ . 36,364,450.00 60 days or 2 6 p e r c e n t . . . Par to Indefinite It^^per years after ct. pre. date. 2,800,000.00 July 1,1881 . . . 6 p e r c e n t . . . Par 1,090,850.00 20 years 2 Including reissues. 3 Including conversion of Treasury notes. 60 days or 2 years. > d w 2,300.00 2,250.00 00 TABLE A.—Statement ofthe outstanding principal ofthe public debt, etc.—Continued. L e n g t h of loan. When redeemable. R a t e of i n terest. After J u n e 30, 1881. 6 per c e n t . . . Price i,t w h i c h sold. Amount authorized. CO o A m o u n t issued, A m o u n t outstanding. L O A N O F J U L Y A N D A U G U S T , 1861. T h e a c t of J u l y 17,1861(12 S t a t u t e s , 259), a u t h o r i z e d t h e i s s u e of $250,000,000 b o n d s , w i t h i n t e r e s t a t n o t e x c e e d i n g 7 p e r c e n t u m p e r a n n u m , r e d e e m a b l e a f t e r t w e n t y y e a r s . T h e a c t of A u g u s t 5, 1861 (12 S t a t u t e s , 316), a u t h o r i z e d t h e i s s u e of b o n d s , w i t h i n t e r e s t a t 6 p e r c e n t u m p e r a n n u m , p a y a b l e after t w e n t y years from date, i n exc h a n g e for 7-30 n o t e s i s s u e d u n d e r t h e a c t of J u l y 17, 1861. L O A N O F J U L Y A N D A U G U S T , 1861. C o n t i n u e d a t 3^ p e r c e n t i n t e r e s t , a n d r e d e e m a b l e a t t h e p l e a s u r e of t h e Government. OLD D E M A N D N O T E S . A c t s of J u l y 17, 1861 (12 S t a t u t e s , 259); A u g u s t 5, 1861 (12 S t a t u t e s , 313); F e b r u a r y 12, 1862 (12 S t a t u t e s , 338). S E V E N - T H I R T I E S O F 1861. A c t o f J u l y 17, 1861 (12 S t a t u t e s , 259) F I V E - T W E N T I E S O F 1862. A c t s of F e b r u a r y 25, 1862 (12 S t a t u t e s , 345); M a r c h 3, 1864 (13 S t a t u t e s , 13); a n d J a n u a r y 28, 1865 (13 S t a t u t e s , 425). LEGAL-TENDER NOTES. T h e a c t of F e b r u a r y 25, 1862 (12 S t a t u t e s , 345), a u t h o r i z e d t h e i s s u e of $150,000,000 U n i t e d S t a t e s n o t e s , n o t b e a r i n g i n t e r e s t , p a y a b l e t o b e a r e r a t t h e T r e a s u r y of t h e U n i t e d S t a t e s , a n d of s u c h d e n o m i n a t i o n s , n o t less t h a n five d o l l a r s , a s t h e S e c r e t a r y of t h e T r e a s u r y m i g h t d e e m e x p e d i e n t , $50,000,000 t o b e a p p l i e d t o t h e r e d e m p t i o n of d e m a n d n o t e s a u t h o r i z e d b y t h e a c t of J u l y 17,1861; t h e s e n o t e s t o b e a . l e g a l t e n d e r i n p a y m e n t of a l l d e b t s , p u b l i c a n d p r i v a t e , w i t h i n t h e U n i t e d States, e x c e p t d u t i e s on i m p o r t s a n d interest o n t h e p u b l i c d e b t , a n d t o b e e x c h a n g e a b l e for 6 p e r c e n t U n i t e d S t a t e s b o n d s . T h e a c t of J u l y 11,1862 (12 S t a t u t e s , 532), a u t h o r i z e d a n a d d i t i o n a l i s s u e of $150,000,000, of s u c h d e n o m i n a t i o n s a s t h e Secr e t a r y of t h e T r e a s u r y m i g h t d e e m e x p e d i e n t , b u t n o s u c h n o t e s h o u l d b e for a f r a c t i o n a l p a r t of a d o l l a r , a n d n o t m o r e t h a n $35,000,000 of a l o w e r d e n o m i n a t i o n t h a n five d o l l a r s ; t h e s e n o t e s t o b e a l e g a l t e n d e r as before a u t h o r i z e d . T h e a c t of M a r c h 3, 1863 (12 S t a t u t e s , 710), a u t h o r i z e d a n a d d i t i o n a l i s s u e of $150,000,000, of s u c h d e n o m i n a t i o n s , n o t less t h a n o n e d o l l a r , a s t h e S e c r e t a r y of t h e Treasury m i g h t prescribe; w h i c h notes w e r e m a d e a legal t e n d e r as before authorized. T h e same a c t limited t h e t i m e i n w h i c h t h e 20 i'^ears. Indefinite .. At t h e pleasu r e of t h e Government. $250,000,000.00 $189,321,350.00 3 years A u g . 19 a n d Oct. 1, 1864. 1,600.00 O 1 60,030,000.00 53,152.50 H O Indefinite 139,999,750.00 9,360.00 515,000,000.00 514,771,600.00 107,150.00 1—I 346,681,016.00 o 3iper cent.. Par. 60,000,000.00 I n d e f i n i t e . . On d e m a n d . . . N o n e . 7 ^ per cent. Av. pre. of l^«T^. 5 or 20 y e a r s - M a y 1, 1867 . . . 6 p e r c e n t . . . A v . p r e . of^V Indefinite . . On d e m a n d . . . N o n e Par. $15,050.00 "4 > 450,000,000.00 tei Ul Treasury notes might be exchanged for United States bonds to July 1,1863. The amount of notes authorized by this act were to be in lieu of $100,000,000 authorized by the resolution of January 17,1863 (12 Statutes, 822). The act of May 31, 1878 (20 Statutes, 87), provides that no more of the United States legal-tender notes shall be canceled or retired, and that when any of said notes are redeemed or received into the Treasury under any law, from any source whatever, and shall belong to the United States, they shall not be retired, canceled, or destroyed, but shall be reissued and paid out again, and kept in circulation. The act of March 14, 1900, provides that United States notes, when presented to the Treasury for redemption, shall be redeemed in gold coin of the standard fixed in said act, and that in order to secure the prompt and certain redemption of such notes it shall be the duty of the Secretary of the Treasury to set apart in the Treasury a reserve fund of one hundred and fifty million dollars in gold coin and bullion, to be used for such redemption purposes only, and that whenever and as often as any of said notes shall be redeemed from said fund it shall be the duty of the Secretary of the Treasury to use said notes so redeemed to restore and maintain the reserve fund so established—first, by exchanging the notes so redeemed for any gold coin in the general fund of the Treasury; second, by accepting deposits of gold coin at the Treasury or at any subtreasury in exchange for such notes; third, by procuring gold coin by the use of said notes in accordance with the provisions of section 3700 of the Revised Statutes of the United States. The above-mentioned act also provides that if the Secretary of the Treasury is unable to restore and maintain 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 an 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. Ul oteJ tef H > o H K H % > Ul CO 1 Including reissues. CO E>0 TABLE A.—Statement ofthe outstanding principal of the public debt, etc.—Continued. Length of loan. When redeemable. Rate of in- at Price which terest. sold. Amount authorized. outAmount issued. Amount standing. 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 five dollars, and upon t h e 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 not; s at any time outstainding 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 law TEMPORARY LOAN. Acts of February 25, 1862 (12 Statutes, 346); March 17, 1862 (12 Statutes, 370); July 11,1862 (12 Statutes, 532), and June 30,1864 (13 Statutes, 218). o O Indefinite .. After 10 days' . notice. Par $150,000,000.00 1 $716,099,247.16 $2,850.00 tej CERTIFICATES OF INDEBTEDNESS. Acts of March 1, 1862 (12 Statutes, 352); May 17, 1862 (12 Statutes, 370), and March 3, 1863 (12 Statutes, 710). 4, 5, and 6 per cent. . lyear 1 year date. after 6 per c e n t . . . Par No limit 561,753,241.65 3,000.00 > FRACTIONAL CURRENCY. Acts of July 17, 1862 (12 Statutes, 592); March 3, 1863 (12 Statutes, 711), and June 30, 1864 (13 Statutes, 220). Indefinite .. On presentation. None Par 50,000,000.00 1368,720,079.51 6.854,609.90 o teJ Ul LOAN OF 1863. J u l y l , 1881... 6per c e n t . . . Av. pre. The act of March 3,1863(12 Statutes, 709), authorized a loan of $900,000,000, 17 years and the issue of bonds, with interest not exceeding 6 per centum per of4xm. annum, and redeemable in not less than ten nor more than forty years, principal and interest payable in coin. The act of June 30,1864 (13 Statutes, 219), repeals the above authority, except as to the $75,000,000 of bonds already advertised for. Bonds of this loan continued at 3i per cent interest, and redeemable Indefinite.. At t h e pleas- 3i per cent.. Par at the pleasure of the Government. ure of the Government s 75,000,000.00 76,000,000.00 3,100.00 100.00 ONE-YEAK NOTES OF 1863. Act of March 3, 1863 (12 Statutes, 710) lyear TWO-YEAR NOTES OF 1863. •... 1 year date. after 5per cent... 400,000,000.00 44,520,000.00 30,330.00 26,800.00 2 years 2 years after date. 5per cent... P a r . 400,000,000.00 166,480,000.00 Acts of March 3, 1863 (12 Statutes, 710), and June 30, 1864 (13 Statutes, 218). TEN-FORTIES OF 1864. 3 years 3 years from date. 6 per cent compound. 400,000,000.00 266,695,440.00 Acts of March 3,1864 (13 Statutes, 13) 10 or 40 years Mar. 1, 1874... 5 per cent-.. Par to 7 per ct. prem. 200,000,000.00 196,118,300.00 Actof March 3, 1863 (12 Statutes, 710) COMPOUND-INTEREST NOTES. FIVE-TWENTIES OF 1864. Act of June 30, 1864 (13 Statutes, 218) 18,550.00 ^ teJ o 125,661,300.00 14,000.00 1867 1868 •7^ per cent. Av. pre. 800,000,000.00 1829,992,500.00 1868 oi2^hs- 120,100.00 5 or 20 years. Nov.l, 1869... 6 per c e n t . . . Av. pre. 400,000,000.00 of 2 ^ ^ . g H SEVEN-THIRTIES OF 1864 AND 1865. Actsof June 30, 1864 (13 Statutes, 218); Januarv 28, 1865 (13 Statutes, 425), and March 3, 1865 (13 Statutes, 468). 3 years FIVE-TWENTIES OF 1865. Acts of March 3,1865 (13 Statutes, 468), and April 12.1866 (14 Statutes, 31).. 5or 20 years. Nov. 1, 1870... 6 per cent... Av. pre. Indefinite .. of 3.,^^. CONSOLS OF 1865. 203,327,250.00 Actsof March3,1865 (13 Statutes, 468), and April 12,1866 (14 Statutes, 31).. S or 20 years. July 1, 1870... 6 p e r c e n t . . . Av. pre. Indefinite . . ofl^^. CONSOLS OF 1867. 332,998,950.00 57,400.00 6 p e r c e n t . . . Av. pre. Indefinite .. ofxf^o. 379,618,000.00 93,750.00 Acts of March 3,1865 (13 Statutes, 468), and April 12,1866 (14 Statutes, 31)., 6or 20 years. July 1, 1873... 6 per cent... Av. pre. Indefinite . . ofr^. THREE-PER-CENT CERTIFICATES. 42,639,930.00 9,900.00 185,165,000.00 6,000.00 Acts of March 3,1865 (13 Statutes, 468), and April 12, ]866 (14 Statutes, 31).. 5 or 20 years. July 1, 1872. 19,850.00 i> ^ ^ Q CONSOLS OF 1868. Actsof March 2,1867 (14 Statutes, 558), and July 25,1868 (15 Statutes, 183).. Indefinite .. On d e m a n d . . . 3 per cent. 1 Including reissues. Par. 76,000,000.00 CO 00 TABLE A.—Statement of the outstanding principal ofthe public debt, etc.—Continued. Length of loan. When redeemable. Rate of interest. Price at which sold. Amount authorized. CO Amount issued, 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 redemption ol fractional currency in silver coins of the denominations of ten, twenty-five, and fifty cents of standard value. The act of March 3,1875 (18 Statutes, 466), directs the Secretary of the Treasury to issue bonds of the character and description set out in the act of July 14, 1870 (16 Statutes, 272), to James B. Eads, or his legal representatives, in payment at par of the warrants of the Secretary of War for the construction of jetties and auxiliary works to maintain a wide and deep channel between the South Pass of the Mississippi River and the Gulf of Mexico, unless Congress shall have previously provided for the payment of the same by the necessary appropriation of money. The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of $200,000,000 at 5 per centum, principal and interest payable in coin of the present standard value, at the pleasure of the United States Government, after ten years; these bonds to be exempt from the payment of all taxes or duties of the United States, as well as from taxation in any form by or under State, municipal, or local authority. Bonds and coupons payable at the Treasury of the United States. This act not to authorize an increase of the bonded debt of the United States. Bonds to be sold at not less than par in coin, and t h e 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. 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 a n equal amount of bonds of the loan of 1858, which the holders thereof ma^^ on or before February 1,1874, elect to exchange for the bonds of this loan. hj O O 4 10 years..- May 1, 1881. $517,994,150.00 5 percent. $22,400.00 a teJ Ul $1,500,000,000 FUNDED LOAN OF 1891. (REFUNDING.) The act of July 14, 1870 (16 Statutes, 272), authorizes the issue of 15 years. $300,000,000 at 4^ per centum, payable in coin of the present standard value, at the pleasure of the United States Government, after fifteen years; these bonds to be exempt from the payment of all taxes or duties of the United States, as well as from taxation in any form by or under State, municipal, or local authority. Bonds and coupons payable at the Treasury of the United States. This act not to authorize 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 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. 185,000,000.00 Sept. 1,1891... 4^ per cent. 23,660.00 zn teJ FUNDED LOAN OF 1891. (RESUMPTION.) The a c t of January 14, 1875 (18 Statutes, 296), authorizes the Secretary of the Treasury to use any surplus revenues from time to time in the Treasury not otherwise appropriated, and to issue, sell, dispose of, at not less than par in coin, either of the descriptions of bonds of the United States described in the act of July 14, 1870 (16 Statutes, 272), for the purpose of redeeming, on and after January 1, 1879, in coin, at the of&ce 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. Sept. 1,1891... ^percent.. P a r t o 1^ per ct.pre. 65,000,000.00 o tei H w 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 a t tbe Treasury of the UnitedStates. This act not to authorize an increase of the bonded debt of the United States. Bonds to be sold at not less than par in coin, and the proceeds to be applied to the redemption of outstanding 5-20's, or to be exchanged for said 5-20's, par for par. Payment of these bonds, when due, to be made in order of dates and numbers, beginning with each class last dated and numbered. Interest to cease at the end of three months from notice of intention to redeem. See Refunding Certificates, page 98. July 1,1907 . . tei 4per c e n t . . . P a r t o ¥ per ct. pre. 710,430,950.00 > Ul c\ pi 700,400.00 FUNDED LOAN OF 1907. (RESUMPTION.) The act of January 14, 1875 (18 Statutes, 296), authorizes the Secretary 30 years. of the Treasury to use any surplus revenues from time to time in the Treasury not otherwise appropriated, and to issue, sell, dispose of, H July 1,1907 . . 4 per cent . Indefinite -. . 30,500,000.00 CO T A B L E A.—Statement ofthe outstanding principal of the public debt, etc.—Continued. Length of loan. When redeem- Rate of interest. able. Price at which sold. 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 Stat., 711), authorizes the Secretary of Indefinite .. On demand . 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 to be 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 the 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 the Treasury for the redemption of United States notes and Treasury notes shall fall and remain below one hundred million dollars, the authority to issue certificates as herein provided shall be suspended; and also, t h a t 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; a n d further, that the Secretary of the Treasury may, in his discretion, issue such certificates in denominations of ten thousand dollars, payable to order.. Indefinite . $1,086,947,169.00 O pi H O teJ 4 otei Ul The actof March 2,1911 (36 Stat., 965, sec. 1), provides that the Secretary of the Treasury may, in his discretion, receive, with the assistant treasurer in New York and the assistant treasurer in San Francisco, deposits of foreign gold coin at their bullion value in amounts of not less than one thousand dollars in value and issue gold certificates therefor of the description herein authorized; and also provides that the Secretary of the Treasury may, in his discretion, receive, with the Treasurer or any assistant treasurer of the United States, deposits of gold bullion bearing the stamp of the comage mints of the United States, or the assay office in New York, certifying their weight, fineness, and value, in amounts of not less than one thousand dollars in value, and issue gold certificates therefor of the description herein authorized. But the amount of gold bullion and foreign coin so held shall not at any time exceed one-third of the total amount of gold certificates at such time outstanding. And section fifty-one hundred and ninety-three of the Revised Statutes of the United States is hereby repealed. Ul tei oPi SILVER CERTIFICATES. The act of February 28,1878 (20 Statutes, 26, sec. 3), provides that any Indefinite . holder of the coin authorized by this act may deposit the same with the Treasurer or any assistant treasurer of the United States in sums not less than ten dollars and receive therefor certificates of not less than ten dollars each, corresponding with the denominations of the United States notes. The coin deposited for or representing the certificates shall be retained in the Treasury for the payment of the same on demand. Said certificates shall be receivable for customs, taxes, and all public dues, and, when so received, may be reissued. The actof August 4, 1886 (24 Statutes, 227), authorizes the issue of silver certificates in denommations of one, two, and five dollars; said certificates to be receivable, redeemable, and payable in like manner and for like purposes as is provided for by the actof February 28, 1878. The act of March 14, 1900, provides that it shall be the duty o f t h e Secretary of the Treasury, as fast as silver dollars are coined under the provisions of the acts of July 14, 1890, and June 13, 1898, from bullion purchased under the act of July 14,1890, to retire and cancel an equal amount of Treasury notes whenever received into the Treasury, and upon the cancellation of Treasury notes, silver cer^ tificates shall be issued against the silver dollars so coined. The act also provides that silver certificates shall be issued only of denominations of ten dollars and under, except that not exceeding in the aggregate ten per centum of the total volume of said certificates, in the discretion of the Secretary of the Treasury, may be issued in denominations of twenty dollars, fifty dollars, and one hundred dollars; and silver certificates of higher denomination than ten dollars, except as therein provided, shall, whenever received at the Treasury or redeemed, be retired and canceled, and certificates of denominations of ten dollars or less shall be substituted therefor, and after such substitution, in whole or in part, a On d e m a n d . . . None . Par. No limit. 483,550,000.00 tei H > Pi Ki tei H > Ul c^ W CO TABLE A.—Statement of the outstanding principal ofthe public debt, etc.—Continued. CO 00 Length of loan. When redeemable. ° Rate of in- at Price which terest. sold. Amount authorized. outAmount issued. Amount standing. SILVER CERTIFICATES—Continued. 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 subs'titution therefor, with like qualities and restrictions as those retired and canceled. REFUNDING CERTIFICATES. The act of February 26,1879 (20 Statutes, 321), authorizes the Secretary of the Treasury to issue, in exchange for lawful money of the United States, certificates of deposit of the denomination of ten dollars, bearing intere.st at the rate of four per centum per annum, and convertible at any time, with accrued interest, into the four per centum bonds described in the refunding act, the money so received to be applied only to the payment of the bonds bearing interest at a rate not less than five per centum, in the mode prescribed by said act. FUNDED LOAN OF 1881, CONTINUED AT THREE AND ONEHALF PER CENT. These bonds were issued in exchange for five per cent bonds of the funded loan of 1881, by mutual agreement between the Secretary of the Treasury and the holders, and were made redeemable at the pleasure of the Government, FUNDED LOAN OF 1891, CONTINUED AT TWO PER CENT. These bonds were issued in exchange for the four and one-half per cent funded loan of 1891, by mutual agreement between the Secretary of the Treasury and the holders, and were made redeemable at the pleasure of the Government. LOAN OF JULY 12, 1882. These bonds were issued in exchange'for the five and six per cent bonds which had been previously continued at three and one-half per cent by mutual agreement between the Secretary of the Treasury and the holders, and were made redeemable at the pleasure of the Government. LOAN OF 1904. The act of January 14,1875 (18 Statutes, 296), authorizes the Secretary of the Treasury to use any surplus revenues from time to time in the Treasury not otherwise appropriated, and to issue, sell, dispose of at not less than par, in coin, either of the descriptions of bonds of the Indefinite .. C o n v e r t i b l e into 4 per cent bonds. 4 p e r c e n t . . . Par No limit $40,012,750.00 $13,570.00 Pi. tei hj o pi H o W tei Indefinite .. At pleasure of the Government. 3^ per cent.. Par Indefinite .. At pleasure of the Government. 2per c e n t . . . Par Indefinite . . At pleasure of the Government. 3per c e n t . . . Par 10 years 50.00 tei > a ril7.223 Feb. 1,1904... 5 p e r c e n t . . . \117.077 25,364,500.00 5,000.00 200.00 1f 100,000,000.00 13,250.00 tei Ul 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. The act of January 14,1875 (18 Statutes, 296), authorizes the Secretary of the Treasury to use any surplus revenues from time to time in the Treasury not otherwise appropriated, and to issue, sell, dispose of at not less than par, in coin, either of the descriptions of bonds of the United States described in the act of July 14,1870 (16 Statutes, 272), for the purpose of redeeming, on and after January 1, 1879, in coin, at the office of the assistant treasurer of the United States in New York, the outstanding United States legal-tender notes, when presented in sums of not less than fifty dollars. LOAN OF 1908-1918. The act of June 13,1898 (30 Statutes, 467, sec. 33), authorizes the Secretary of the Treasury to borrow on the credit of the United States, from time to time, as the proceeds may be required, to defray expenditures authorized on account of the war with Spain (such proceeds when received to be used only for the purpose of meeting such expenditures), the sum of four hundred million dollars, or so much thereof as may be necessary, and to prepare and issue therefor coupon or registered bonds of the United States in such form as he may prescribe, and in denominations of twenty dollars or some multiple of that sum, redeemable in coin at the pleasure of the United States after ten years from the date of their issue, and payable twenty years from such date, and bearing interest 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. 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 30 years . Feb. 1,1925... 4 per cent... ri04. 4946 162,315i 400.00 tni. 166 118,489,900.00 Ul tei o 10 years After Aug. 1, 1908. 3 per cent. $400,000,000.00 198,792,660.00 63,945,460.00 Pi tei H > Pi X o tei •M tei Zfl After Apr. 1, 1930. d 2 percent... 839.146, 340.00 646,250,150.00 646,250,150.00 <;o CD TABLE A.—Statement ofthe outstanding principal ofthe public debt, etc.—Continued. CONSOLS OF 1930—Continued. 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. TREASURY" NOTES OF 1890. The act of July 14, 1890 (26 Statutes, 289), directs the Secretary of the Treasury to purchase, from tiiae to time, silver bullion to the aggregate amount of four million five hundred thousand ounces, or so much thereof as may be offered, in each month, at the market price thereof, not exceeding one dollar for three hundred and seventy-one and twenty-five hundredths grains of pure silver, and to issue in payment for such purchases of silver bullion Treasury notes of the United States, to be prepared by the Secretary of the Treasury, in such form and of such denominations, not less than one dollar nor more t h a n one thousand dollars, as he may prescribe. That said notes shall be redeemable on demand, in coin, at the Treasury of the United States, or at the office of any assistant treasurer of the United States, and Avhen 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 orie and one-half millions of dollars in each month, and that said dollars, when so coined, shall be used and applied in Length of loan. When redeemable. Rate of interest. Price at which sold. Amount authorized. O O outAmount issued. Amount standing. $2,660,000.00 I hj' O pi O w tei Q tei ZP the manner and for the purposes named in said act. The act of March 14, 1900, provides that. United States notes, and Treasury notes issued under the act of July 14,1890, when presented to the Treasury for redemption, shall be redeemed in gold coin of the standard fixed by said act, and requires that the Secretary of the Treasury shall set apart in the Treasury a reserve fund of one hundred and fifty million dollars to be used for such redemption purposes only. It also provides that it shall be the duty of the Secretary of the Treasury, as fast as silver dollars are coined under the provisions of the acts of July 14,1890, and June 13, 1898, from bullion purchased under the act of July 14, 1890, to retire and cancel an equal amount of Treasury notes whenever received into the Treasury, and upon such cancellation to issue silver certificates against the silver dollars so coined. PANAMA CANAL LOAN. The act of June 28,1902 (32 Stat., 484, sec. 8), provides that the Secretary 10 years 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 10 years defray expenditures authorized by this act (such proceeds when received to be used only for the purpose of meeting such expenditures), 50 years 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 in denominations of 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 their issue, and payable 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 wellas from taxation in any form by or understate, municipal, or local authority: Provided, That said bonds may be disposed of by the Secretary of tlie 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 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 forthe construction of a canal connecting the waters of the Atlantic and Pacific oceans," approved June twenty-eighth, nineteen hundred and two, shall have all the rights and privileges accorded by law to other two per cent bonds of the United States, arid every national banking association having on deposit, as provided 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 the Treasurer of the United States, in the months of January and July, a tax of one-fourth of one per cent each half year upon the average amount of such of its notes in circulation as ai 3 based upon the Zfl Averag e After Aug. 1, 2 p e r c e n t . . . $103.513 1916. After Nov. 1, 2 per c e n t . . . 102.436 1918. June 1,1961... 3 p e r c e n t . . . 102.582 teJ $54,631,980.00 ;376,200,980.00 30,000,000.00 134,631,980.00 50,000,000.00 o pi tei > Pi O teJ H > ZP TABLE A.—Statement ofthe outstanding principal ofthe public debt, etc.—Continued. Length of loan. W hen redeem- Rate of in- at Price which terest. able. sold. Amount authorized. Amount issued, Amount outstanding. PANAMA CANAL LOAN—Continued. deposit of said two per cent bonds; and such taxes shall be in lien of existing taxes on its notes in circulation imposed by section fiftytwo hundred and fourteen of the Revised Statutes. The act of August 6, 1909 (36 Stat., 117, sec. 39), providesthat 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 ninety million five hundred and sixty-nine thousand dollars (which sum together with the eighty-four million six hundred and thirtyone thousand nine hundred [and eighty] dollars already borrowed upon issues of two per cent bonds under section eight of the act of June twenty-eighth, nineteen hundred and two, equals the estimate of the Isthmian Canal Commission to cover the entire cost of the canal from 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, five hundred dollars, and one thousand dollars, payable fifty years from the date of issue, and bearing interest payable quarterly in 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 in any form by or under State, municipal, or local authority: Provided, That said bonds may be disposed of by the Secretary of the 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 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 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.' The act of March 2,1911 (36 Stat., 1013), provides that the Secretary of the Treasury be, and he is hereby, authorized to insert in the bonds to be issued by him under section thirty-nine of an Act entitled "An Act to provide revenue, equalize duties, and encourage the industries of the United States, and for other purposes," approved August fifth, nineteen hv^ndred and nine, a provision that such bonds shall not be receivable by the Treasurer of the United States as security hj o pi H O tei > ofei tei Zfl for the issue of circulating notes to national banks; and the bonds containing such provision shall not be receivable for that purpose. POSTAL SAVINGS BONDS. Theact of June 25,1910 (36 Stat., 817, sec. 10) provides that any depositor in 20 years. a postal savings depository may surrender his deposit, or any part thereof, in sums of twenty doUars, forty dollars, sixty dollars, eighty dollars, one hundred dollars, and multiples of one hundred dollars and five hundred dollars, and receive in lieu of such surrendered deposits, under such regulations as may be established by the board of trustees, the amount of the surrendered.deposits iu United States coupon or registered bonds of the denominations of twenty dollars, forty dollars, sixty dollars, eighty dollars, one hundred dollars, and five hundred dollars, which Donds shaU bear interest at the rate of two and one-half per centum per annum, payable semiannually, and be redeemable at the pleasure of the United States after one year from the date of their issue and payable twenty years from such date, and both principal and interest shall be payable in United States gold coin ofthe present standard of value: Provided, That the bonds herein authorized shall be issued only (first) when there are outstanding bonds of the United States subject to call, in which case the proceeds of the bonds shall be appUed to the redemption at par of outstanding bonds ofthe United States subject to call; and (second) at times when under authority of law other than that contained in this act the Government desires to issue bonds for the purpose of replenishing theTreasury, in which case the issue of bonds under authority of this Act shall be in lieu of the issue of a like amount of bonds issuable under authority of law other than that contained in this Act: Provided further, That the bonds authorized by this Actshallbeissued by the Secretary of the Treasury under such regulations as he may prescribe: And provided furtfier, That the authority contained in section nine of this Act for the investment of postal savings funds in United States bonds shall include the authority to invest in the bonds herein authorized whenever such bonds may be lawfuUy issued: And provided further, That the bonds herein authorized shall 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: And provided further, That no bonds authorized by this Act shall be receivable by the Treasurer of the United States as security for the issue of circulating notes by national banking associations. NATIONAL-BANK NOTES (REDEMPTION ACCOUNT). The act of July 14, 1890 (26 Stat., 289), provides that balances standing with the Treasurer of the Unitea States to the respective credits of national banks for deposits made to redeem the circulating notes of such banks, and all deposits thereafter received for like purpose, shall be covered into the Treasury as a miscellaneous receipt, and the Treasurer of the United States shall redeem from the general cash in the Treasury the circulating notes of said banks which may come into his possession subject to redemption, * * * and the balance remaining of the deposits so covered shall, at the close of each month, be reported on the monthly public-debt statement as debt of the tlnited States bearing no interest. 1 year after - date. 2^ per cent. . Par. Indefinite. %2,389,120.00 $2,389,120.00 Zfl tei o Pi tei H > W r< O tei 1^ W tei H ZP pi K| 22,092,806.00 2,916,204,913.66 O OO. TABLE B.—Statement ofthe outstanding principal ofthe public debt of the United States on the 1st of July of each year from 1856 to 1913, inclusive. Year. 1856—Julyl.. 1857 1858 1859 1860 1861 1862 1863 1864 1865 1865—Aug. 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 1895 1896 T o t a l interestbearing d e b t . $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 ;L, 797,643,700.00 1,723,993, 100.00 1,639,567,750.00 1,463,810, 400.00 1,338,229, 150.00 850.00 1,226,563,950.00 1,196,150, 100.00 1,146,014,350.00 1,021,692,500.00 950,522,990.00 829,853, 110.00 725,313, 120.00 610,529,330.00 585,029, 100.00 585,037, 890.00 635,041,060.00 716,202,890.00 847,363, D e b t on w h i c h Iaterest h a s ceased. $209,776.13 238,872.92 211,042.92 206,099.77 201,449.77 199,999.77 280,195.21 473,048.16 416,335.86 1,245,77L20 1,503,020.09 935,092.05 1,840,615.01 1,197,340.89 5,260,181.00 3,708,641.00 1,948,902.26 7,926,797.26 51,929,710.26 3,216,590.26 11,425,820.26 3,902,420.26 16,648,860.26 5,594,560.26 37,015,630.26 7,621,455.26 6,723,865.26 16,260,805.26 7,831,415.26 19,656,205.26 4,100,995.26 9,704,445.26 6,115,165.26 2,496,095.26 1,911,485.26 1,815,805.26 1,614,705.26 2,785,875.26 2,094,060.26 1,851,240.26 1,721,590.26 1,636,890.26 D e b t bearing no interest. 1 $158, 591,390.00 411, 767,456.00 455, 437,271.21 458, 090,180.25 461, 616,311.51 439, 969,874.04 428, 218,101.20 408, 401,782.61 421, 131,510.55 430, 508,064.42 416, 565,680.06 430, 530,43L52 472, 069,332.94 509, 543,128.17 498, 182,411.69 465, 807,196.89 476, 764,031.84 455, 875,682.27 410, 835,74L78 388, 800,815.37 422, 721,954.32 438, 241,788.77 538, 111,162.81 584, 308.868.31 663, 712,927.88 619, 344,468.52 629, 795,077.37 739, 840.389.32 787, 287,446.97 825, Oil, 289.47 933, 852,766.35 1,000, 648,939.37 958, 854,525.87 995, 360,506.42 958, 197,332.99 920, 839,543.14 O u t s t a n d i n g principal. Cash in t h e T r e a s u r y J u l y 1.2 T o t a l d e b t less c a s h in Treasury. $31, 972,537.90 28; 699,831.85 44, 911,88L03 58, 496,837.88 64! 842,287.88 9o; 580,873.72 524, 176.412.13 1,119,772,138.63 1,815,784,370.57 2 , — 647,869.74 2,844; 649,626.56 2,773,236,173.69 2 , " - 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 2,256,205,892.63 2,245 495,072.04 2,120;415,370.63 2,069,013,569.58 1,918,312,994.03 1,~~- 171,728.07 1,830;528,923.57 • 1,863,964.873.14 1,775,063,013.78 1,657,602,592.63 1,~" 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 $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, 892.18 130,834,437.96 155,680,340.85 149,502, 471.60 106,217, 263.65 103,470,798.43 129,020,932.45 147,541 314.74 142,243,361.82 119,469, 726.70 186,025 960.73 256,823, 612.08 249,080, 167.01 201,088,622.88 249,363, 415.35 243,289,519.78 345,389,902.92 391,985 928.18 488,612: 429.23 492,917 173.34 482,433; 917.21 629,854,089.85 643,113, 172.01 661,355, 834.20 694,083, 746,937, 839.83 707,016, 681.03 732,940,210.38 774,448,256.13 814,543,016.51 069.70 $10,965, 953.01 9,998, 62L76 37,900, 191.72 53,405 234.19 . 59,964; 402.01 87,718, 660.80 505,312, 752.17 1,111,350, 737.41 1,709,452, 277.04 2,674,815, 856.76 2,756,431 571.43 2,636,036; 163.84 2,508,151 211.69 2,480,853, 413.23 2,432,771, 873.09 2,331,169, 956.21 2,246,994, 068.67 2,1^9,780, 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, 43L37 1,999,382, 280.45 1,996,414, 905.03 1,919,326, 747.75 1,819,650, 154.23 1,675,023 474.25 1,538,781, 825.15 1,438,542, 995.39 1,375,352, 443.91 1,282,145, 840.44 1,175,168, 675.42 1,063,004, 894.73 975,939, 750.22 890,784, 370.53 851,912, 751.78 841,526, 463.60 838,969, 475.75 899,313, 380.55 901,672, 966.74 955,297, 253.70 O O pi O tei 4 > "A o tei ZP 1897. 1898. 1899. 1900. 1901. 1902. 1903. 1904. 1905. 1906. 1907. 1908. 1909. 1910. 1911. 1912. 1913 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, 159,140.00 894,834,280.00 897,503,990.00 913,317,490.00 913,317,490.00 915,353,190.00 963,776,770.00 965,706,610.00 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 2,124,895. 26 1,879,830.26 1,760,450.26 1,659 550.26 968,960,655.64 947,901,845.64 944,660,256.66 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 1,737.223,452.78 1,848,367,586.43 1,902,836;653.90 1,948,838,753. 40 1,817, 672,665.90 1,796, 531,995.90 1,991, 927,306.92 2,136, 961, OOL 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 2,652. 665,838.04 2,765; 600,606.69 2,868, 373,874.16 2,916, 204,913.66 831,016,579.76 769,446,503.76 836,607,07L73 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 1,372,720,152.25 1,578,591,306.51 1,688,673,862.16 1,615;684,710.25 1,606,216,652.79 1,749,816,288.23 1,840,799,176.88 1,887,640,858. 52 986,656,086.14 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, on;637.31 967,231,773.75 989,866,771.97 964,435,686.79 878,596,755.03 938,132,409.38 1,023,861,530.79 1,046,449,185.25 1,015,784,338.46 1,027,574,697.28 1,028,564,055.14 1 Containing legal-tender notes, gold and silver certificates, etc. 2 Including gold reserve and coin set apart for redemption of certificates and treasury notes and exclusive of national bank 5 per cent fund, outstanding warrants and checks, and disbursing officers' balances. ZP teJ o > O tei H tn tei > ZP d O TABLE C.—Analysis ofthe principal ofthe interest-bearing public debt ofthe United States from July 1,1856, to July 1, 1913. Year. 2 percents. 1850—July 1 . . . 1857 1858. 1859 I860 1861 1862...: 1863 1864 1865 1865—Aug. 3 1 . . 1866—July 1. 1867. 1868. . . . 1869 ' 1870. . 1871 1872 1873. 1874 1875. 1876 1877. 1878..' 1879. . 1880 1881... 1882 1883... 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894... 1895 1896.. 1897 3 percents. . 3i percents. $64,666,656.66 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 $460,461,050.00 318,204,350.00 32,082,600.00 238,612,150.00 208,190,500.00 158,046,600.00 33,716,500.00 14,000,000.00 14,000,000.00 14,000,000.00 4.percents. 4^ percents. $57,926,116.57 105,629,385.30 77,547,696.07 90,496,930.74 618,127.98 121,341,879.62 17,737,025.68 801,36L23 ..'..'.....'.. 678,000.00 678,000.00 678,000.00 678,000.00 678,000.00 98,850,000.00 741,522,000.00 739,347,800.00 739,347,800.00 739,349,350.00 737,942,200.00 737,951,700.00 737,960,450.00 737,967,500.00 737,975,850.00 714,315,460.00 676,214,990.00 602,297,360.00 559,659,920.00 559,664,830.00 559,672,600.00 559,677,390.00 590,837,560.00 721,999,390.00 722,000,630.00 $140,000,000.00 240,000,000.00 250,000,000.00 250,000,000.00 250,000,000.00 250,000,000.00 250,000,000.00 250,000,000.00 250,000,000.00 250,000,000.00 250,000,000.00 222,207,050.00 139,639,000.00 109,015,750.00 50,869,200.00 125,364,500.00 125,364,500.00 125,364,500.00 125,364,500.00 125,364,500.00 125,364,500.00 5 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 '274,236,450.00 414,567,300.00 414,567,300.00 510,628,050.00 607,132,750.00 711,685,800.00 703,266,650.00 703,266,650.00 508,440,350.00 484,864,900.00 439,841,350.00 50,000,000.00 100,000,000.00 100,000,000.00 100,000,000.00 6 percents. I f s percents. T o t a l interestbearing d e b t . o A n n u a l interest charge. $31,762,761.77 $1,869,445.70 $28,130,761.77 28,460,958.93 1,672,767.53 24,971,958.93 44,700,838.11 2,446,670.28 21,162,838.11 58,290,738.11 3,126,166.28 21,162,938.11 04,640,838.11 3,443,687.29 21,164,538.11 90,380,873.95 5,092,630.43 57,358,673.95 365,304,826.92 22,048,509.59 154,313,225.01 $122,582,485.34 707,531,634.47 41,854,148.01 431,444,813.83 139,974,435.34 842,882,652.09 139,286,935.34 1,359,930,763.50 78, 853,487.24 1,213.495,169.90 671.610,397.02 2,221,311,918.29 137,742,617.43 1,281,736,439.33 830,000,000.00 2,381,530,294.96 150,977,697.87 1,195,546,04L 02 813,460,621.95 2,332,331,207.60 146,068,196.29 1,543,452,080.02 488,344,846.95 2,248,067,387.66 138,892,451.39 37,397,196.95 2,202,088,727.69 128,459,598.14 1,878,303,984.50 1,874,347,222.39 2,162,060,522.39 125,523,998.34 1,765,317,422.39 2,046,455,722.39 118,784,960.34 1.613,897,300.00 1,934,696,750.00 111,949,330.50 1,814,794,100.00 103,988,463.00 1,374,883,800.00 1,281,238,650.00 1,710,483,950.00 98,049,804.00 1,738,930,750.00 98,796,004.50 1,213,624,700.00 1,100,865,550.00 1,722,676,300.00 96,855,690.50 984,999,650.00 1,710,685,450.00 96,104,269.00 854,621,850.00 1,711,888,500.00 93,160,643.50 738,619,000.00 1,794,735,650.00 94,654,472.60 1,797,643,700.00 83,773,778.50 283,681,350.00 1,723,993,100.00 79,633,981.00 235,780,400.00 196,378,600.00 1,639,567,750.00 75,018,695.50 1,463,810,400.00 57,360,110.75 1,338,229,150.00 51,436,709.50 1,226,563,850.00 47,926,432.50 1,196,150,950.00 47,014,133.00 1,146,014,100.00 45,510,098.00 1,021,692,350.00 41,780,529.50 950,522,500.00 38,991,935.25 829,853,990.00 33,752,354.60 725,313,110.00 29,417,603.15 610,529,120.00 23,615,735.80 585,029,330.00 22,893.883.20 585,037,100.00 22,894,194.00 635,041,890.00 25,394,385.60 716,202,060.00 29,140,792.40 847,363,890.00 34,387,265.60 847,365,130.00 34,387,315.20 05 hJ O pi H O f-3 tei > fei o tei ZP 1898.. 1899.. 1900.. 1901.. 1902.. 1903.. 1904.. 1905., 1906. 1907. 1908. 1909. 1910. 11911912. 720.00 198, 240.00 $307,125,350.00 128, 420.00 99, 445,940,750.00 660.001 97, 445,940,750.00 060. oo! 83 520,143,150.00 360. 001 77, 542,909,950.00 360.00 77, 542,909,950.00 460.00 63, 595,942,350.00 460.00 63 676,250,150.00 960.00 700,882,130.00 78; 460.00 730,882,130.00 63, 460.00 730,882,130.00 63, 160.00 730,882,130.00 65, r 730,882,130.00 945,460.00 [ 2 459,280.00 113, r 730,882,130.00 113,945,460.00 [ 2 2,389,120.00 1 Contiaued at 2 per cent. 722,002, 970.001 722,005, 530.00 617,879, 220.00 419,724, 770.00 368,203, 580.00 291,906, 150.00 275.112, 130.00 275.113, 030.00 235,271, 330.00 154,638, 670.00 118,489, 900.00 118,489, 900.00 118,489, 900.00 118,489,900.00 125,364,500.001 100,000,000.001 125,364,500.00 100,000,000.00 47,651,200.00 121,979,850.00 21,854,100.00 19,410,350.00 19,385,050.00 847,367, 470.001 046,048, 750.00 023,478, 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, 490.00 913,317, 490.00 915,353; 190.00 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 21,275, 602.40 21,330 637.40 118,489,900.00 963,776,770.00 22,787,084.40 118,489,900.00 965,706,610.00 22,835,330.40 2 Postal savings bonds, 2^ per cent. NOTE 1.—Annual intcx-est charge is computed on amount of outstanding principal at close of fiscal year and is exclusive of interest charge on Pacific Railway bonds. NOTE 2.—The figures for July 1,1879, were made up assuming pending funding operations to have been completed. NOTE 3.—The temporary loan per act of July 11,1862, is iacluded in the 4 per cents from 1862 to 1868, inclusive, with the exception of the amount outstandiag Aug. 31, 1865, this being the date at which the public debt reached its highest poiat. This loan bore interest from 4 per cent to 6 per cent, and was redeemable on 10 days' notice after 30 days, but being constantly changing it has been considered more equitable to iaclude the whole amount outstandiag as beariag 4 per cent interest on an average for the year. ZP o I > S K| O tei -W > ZP d pi O 108 REPORT ON" T H E FINANCES. 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, 1913. Issues and deposits. Redemptions. Excess of Excess of issues and de- redemptions. posits. Old demand notes, act July 17,1861 Legal-tender notes, acts of Feb. 25 and J^ly 11,1862, Jan. 7 and Mar. 3,1863, Mar. 14,1900 $163,000,000.00 Fractional currency, acts of July 17, 1862, Mar. 3,1863, and June 30,1864.. Gold certificates, acts of Mar. 3, 1863, July 12,1882, and Mar. 14,1900 468,730,000.00 Compound-interest notes, acts of Mar. 3,1863, and June 30,1864 One-year notes of 1863, act o ^ Mar. 3, i863. Two-yearnotesof 1863, act of Mar. 3,1863. One-forties of 1864, act of Mar. 3,1864... Consols of 1865, act of Mar. 3,1865 Consols of 1867, act of Mar. 3,1865.. Silver certificates, acts of Feb. 28,1878, and Mar. 14,1900 . . 403,952,000.00 Refunding certificates, act of Feb. 26, 1879 National-bank note account, act of July 21,471,010.00 14^890 Treasury notes of 1890, acts of July 14, 1890, and Mar. 14,1900 Funded loan of 1907, ^cts of July 14, 1870, Jan. 20,1871, Jan. 14, 1875, and Mar. 14,1900 ... . Postal savings bonds, act of June 25,1910 1,929,840.00 $130.00 $130.00 1,545.00 421,840,200.00 1,545.00 $46,889,800.00 190.00 30.00 50.00 100.00 50.00 50.00 401,951,000.00 190.00 30.00 50.00 100.00 50.00 50.00 2,001,000.00 480.00 480.00 24,089,035.50 2,618,025.50 269,000.00 269,000.00 99,950.00 1,059,082,850.00 1,011,251,810.50 Total Excess of issues Excess of redemptions 1,929,840.00 50,820,640.00 To balance from last year $809,338,000.00 1,1912 . To 1 per cent on the principal of the public debt on June 30,1912, less coin certiflcates. Treasury notes, national b a n k note redemption account, and cash available for reduction of the debt, viz, $1,169,127,673.66 11,691,276.74 June 30,1913 To interest on redemptions prior to fiscal year 48,956,520.12 1913 To interest on $102,575, amount of debt " p a i d " during fiscal year 1913 3,561.10 869,989,357.96 June 30,1913 2,989,600.50 47,831,039.50 TABLE E.—Sinking fund account for fiscal year 1913. July 99,950.00 50,820,640.00 2,989,600.50 ^ Net excess of issues DR. 163,000,000.00 CR. By principal of bonded debt redeemed in 1913... $100,050.00 By accrued interest thereon 1,256.19 By fractional currency and notes redeemed in 1913.. 2,425.00 By accrued interest thereon 585.31 By balance 869,885,041.46 869,989,357.96 109' SECRETARY OP THE TREASTJEY. TABLE F.—Population, ordinary receipts and disbursements of the Government from 1837 to 1913, exclusive of postal, and per capita on receipts and per capita on disbursements. Year. 1837 1838 1839 1840 1841 1842 1843 (six months) 1844 1845 1846 1847 1848 1849 1860 1861 1852 1853 1854 1855 1856 1857 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 1910 1911 1912 1913 Population. Ordinary receipts. 15,656,000 16,112,000 16,584,000 17,069,453 17,591,000 18,132,000 18,694,000 19,276,000 19,878,000 20,500,000 21,143,000 21,805,000 22,489,000 23,191,876 23,995,000 24,802,000 25,615,000 26,433,000 27,256,000 28,083,000 28,916,000 29,753,000 30,596,000 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 47,698,000 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 79,117,00(1 80,847,00(1 81,867,000 83,260,000 84,662,000 86,074,000 87,496,000 88,926,000 1 90,363,000 93,983,00(1 95,656,00(1 97,337,000 $24,954,153.00 26,302,562.00 31,482,750.00 19,480,115.00 16,860,160.00 19,976,197.00 8,231,001.26 29,320,707.78 29,970,105.80 29,699,967.74 26,467,403.16 35,698,699.21 30,721,077.50 43,592,888.88 62,555,039.33 49,846,815.80 61,587,03L68 73,800,341.40 65,350,674.68 74,056,699.24 68,965,312.67 46,655,365.96 52,777,107.92 56,054,599.83 41,476,299.49 51,919,261.09 112,094,945.5:. 243,412,971.20 322,031,158.19 519,949,564.38 462,846,679.92 376,434,453.82 357,188,256. O^i 395,959,833.87 374,431,104.94 364,694,229.91 322,177,673.78 299,941,090.8^: 284,020,771.41 290,066,584.7(1 281,000,642.00 257,446,776.40 272,322,136.851 333,526,500.98 360,782,293.00 103,525,260.00 398,287,582.00 348,519,870.0(1 323,690,706.00 336,439,727.0(1 371,403,277.00 379,266,075.00 387,050,059. Od 403,080,982.00 392,612,447.3:. 354,937,784.2385,819,628.78 297,722,019.25 313,390,075.11 326,976,200.38 347,721,705.16 405,321,335.20 515,960,620.18 567,240,851.89 587,686,337.53 562,478,233.2] 560,396,674.40 539,716,913.86 544,606,758.62 594,717,942.32 663,125,659. 92 601,060,723.27 603,589,489.84 675,511,715.02 701,372,374:99 691,778,465.37 724,111,229.84 Per capita on receipts. O r d i n a r y disbursements. $1.59 $37,243,214.24 L63 33,864,714.56 L90 26,896,782.62 L14 24,314,518.19 .96 26,481,817.84 LIO 25,134,886.44 .44 11,780,092.51 L62 22,483,560.14 L61 22,935,827.79 27,261,182.86 L45 1.25 54,920,784.09 1.64 47,618,220.65 1.37 43,499,078.39 L88 40,948,383.12 2.19 47,751,478.41 2.01 44,390,252.30 2.40 47,743,989.09 2.79 65,038,455.11 2.40 58,630,662.71 2.64 68,726,350.01 2.38 67,634,408.93 L57 73,982.492.84 L72 68,993.599.77 L78 63,200,875.65 L30 66,650,213.08 L58 469,670,241.65 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 12.7J1 346,729,826.78 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 7.7J; 285,239,326.34 7.0]. 301,238,800.21 6.46 274,623,392.84 6.48 265,101,084.59 6.06 241,334,474.86 5.41 236,964,326. SO 5.67 266,947,883.53 6.66 264,847,637.36 7.00 259,651,638.81 7.68 257,981,439.57 7.41 265,408,137.54 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 6.3]. 281,996,615.60 6.43 • 297,736,486.60 6.14 355,372,684.74 5.44 345,023,330.58 5.8] 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 5.55 443,368,682.80 6.93 605,072,179.85 7.43 487,713,791.71 7.56 509,967,353.15 7.11 471,190,857.6^: 6.93 506,089,022.04 6.59 532,237,821.31 6.54 563,360,093.62 7.02 549,405,425.35 7.70 551,705,129.04 6.87 621,102,390.64 6.79 662,324,444.77 7.48 659,705,391.08 7.46 654,137,997.89 7.2cl 654,553,963.47 7.44 682,770,705.51 Per capita on disbursements. $2.38 2.10 L62 L42 1.51 L39 .63 L17 L15 L33 2.60 . 2.18 L93 L77 L99 1.79 1.86 2.08 2.15 2.45 2.33 2.49 2.25 2.01 2.14 14.36 21.54 25.40 37.27 14.63 9.58 10.01 8.51 7.61 7.16 6.66 6.84 7.04 6.25 5.87 5.21 4.98 5.46 5.28 5.06 4.92 4.94 4.45 4.63 4.22 4.56 4.32 4.60 4.75 6.66 .5.29 5.77 6.43 5.16 5.01 5.10 6.07 8.14 6.39 6.56 6.96 6.26 6.50 6.77 6.49 6.41 7.10 7.45 7.30 6.96 6.84 7.01 1 Estimated July 1. N O T E . — T h e ordinary receipts and disbursements and per capita on receipts for 1891 were erroneously stated by the Register of the Treasury in his reports for 1891,1892, and 1893. (See Finance Reports for those years, pp. 845,767, and 906.) T A B L E G.—Statement showing the ordinary receipts and disbursements ofthe Government by months; the legal-tender notes, net gold, and available cash i n the Treasury at the end of each month; the monthly redemption of legal-tender notes i n gold and the imports and exports of gold, from July, 1896, to June, 1913, inclusive. Month. 1896—July August September October *. November December 1897—January February March April May June Total for 12 months July August September October November December 1898—January February March April May June Total for 12 months July August September October November December Ordinary disburseOrdinary ments, exclureceipts, sive of postal, exclusive of principal of postal. debt, and premium. Surplus receipts. $29,029,209 25,562,097 24,584,245 26,282,830 25,210,696 25,867,114 24,316,994 24,400,997 36,217,662 37,812,135 29,797,391 36,584,708 $42,088,468 1 $13,059,259 35,701,677 110,139,580 26,679,635 11,995,290 33,978,277 17,695,447 33,260,720 18,050,024 23,812,665 2,044,449 30,269,389 1 5,952,395 28,796,057 14,395,060 27,212,998 9,004,664 32,072,097 5,740,038 29,109,259 688,132 22,934,695 13,650,013 347,721,705 365,774,160 118,052,455 50,100,909 33,588,047 25,368,816 33,701,512 37,810,839 27,634,092 36,696,711 26,599,256 31,882,444 ^44,314,062 47,849,909 47,852,282 111,073,545 114,564,432 1 3,435,718 1 9,310,097 5,552,766 32,012,606 636,917 1,973,102 1,076,307 111,301,119 117,775,091 114,342,969 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 33,509,313 405,321,335 443,368,583 138,047,248 •43,847,109 41,782,708 39,778,070 39,630,051 38,900,916 41,404,794 74,263,475 66,260,718 54,223,921 53,982,277 49,090,981 41,864,808 130,416,366 114,478,010 114,445,851 114,352,226 110,190,066 1 460,014 Balance in Net gold general fund, in Treasurv. including net gold. $110,718,746 $256,158,473 243,346,401 100,957,561 124,034,672- 241,154,457 117,126,524 233,572,762 225,357,098 131,510,353 137,316,644 228,320,380 215,362,421 144,800,493 212,837,256 148,661,209 222,045,606 151,786,464 228,090,517 153,340,890 230,113,813 144,319,563 244,466,202 140,790,738 140,817,699 144,216,377 147,663,105 153,573,147 157,363,851 160,911,547 164,236,793 167,623,182 174.584.136 181.238.137 171,818,055 167,004,410 233,016,457 218,561,207 "215,192,787 207,756,100 220,663,560 235,474,769 223,871,786 225,564,204 226,166,944 215,810,622 195,754,815 209,282,643 189,444,714 217,904,485 243,297,543 239,885,162 241,663,444 246,629,176 254,844,215 294,487,085 307,557,504 300,238,275 292,376,790 294,764,695 Imports of gold. Exports of gold. $1,667,986 4,289,538 34,347,009 28,193,769 7,487,300 2,801,044 943, 306 830,180 1.439,439 971,506 951,515 1,092,188 $11,931,436 1, 972,544 93,555 368,007 468,010 431,826 442,355 353,147 675,205 6,631,216 9,468,471 7,625,808 85,014,780 40,361,580 938,951 4,720, 569 4,723,181 11,775,483 3,064,089 2,582,405 6,493,414 6,162,681 30,708,320 32,579,858 13,322,111 3,330,612 5,462,869 588 1, 142,922 313,311 699, 513 577,996 2,658,663 1,030,412 728,707 1,323,724 109,157 375,529 120,391,674 15,406,391 2,641,668 15,296,811 16,808,341 16,738,353 5,324,601 8,757,182 1,497,013 1,955,908 3,102,810 1,279,926 913,467 1,219,638 i hj O pi H O 5^ H W tei ^ > O tei ZP 1899—January.. February. March April May June Total for 12 months. July August September. October November. December . 1900—January . . . February.. March April May June Total for 12 monthsJuly August September. October November. December . -January . . . February.. March April May . . . June Total for 12 months. July August September. October November. December.. 41,774,930 37,979,333 57,030,240 41,611,587 44,786,014 47,126,915 51,122,771 43,918,929 42,978,671 65,949,106 40,513,005 31,382,762 19,347,841 15,939,596 14,051,669 1 24,337,519 4,273,009 15,744,153 515,960,620 605,072,180 189,111, 560 48,054,258 49,978,173 45,334,145 47,533,589 46,945,572 46,759,104 48,012,165 45,631,265 48,726,837 45,039,327 45,166,053 51,435,832 56,561,090 45,522,312 37,579,372 44,174,027 40,769,848 39,145,560 39,189,097 37,738,472 32,188,271 40,903,928 40,351,525 33,540,673 18,506,832 4,455,861 7,754,773 3,359,562 6,175,724 7,613,544 8,823,068 7,892,793 16,538,566 4,135,399 4,814,528 17,895,159 567,240,852 487,713,792 79,527,060 49,.955,161 49,688,756 45,304,326 51,626,067 48,344,515 46,846,508 47,520,287 45,844,123 49,891,125 47,767,851 52,629,440 50,333,908 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 14,024,492 1811,443 6,134,355 3,632,429 7,065,854 6,641,886 7,410,580 6,963,487 9,128,263 5,799,605 10,492,879 17,288,761 587,685,338 509,967,353 77,717,985 52,307,591 39,351,498 32,310,736 40,645,936 40,198,917 37,318,998 12,749 6,042,628 12,123,687 9,186,017 5,517,860 9.742.967 52,320,340 45,394,125 44,434,423 49,831,953 45,716,777 47, 061, 965 1 Excess of disbursements. 228,652,341 231,124,638 245,413,707 246,140,226 228,415,238 240,737,212 274,584,676 269,103,613 284,043,164 263,127,533 267,584,094 284,488,616 245,254,534 248,757,971 254,328,820 252,223,797 239,744,905 236,909,230 218,613,617 232,225,336 248,358,064 229,461,962 218,857,545 220,557,185 274,844,167 279,352,872 287,695,613 289,391,540 286,216,440 283,595,453 292,49.0,973 298,362,824 306,792,996 296,117,548 295,783,530 306,827,605 223,567,376 299,859,365 218,263,969 285,419,696 230,131,162 288,204,878 242,670,175 287,005,032 243,235,735 289,176,791 246,561,322 290,107,336 221,183,644 293,012,973 231,150,064 298,915,149 249,046,644 308,443,522 246,767,053 . 306,494,208 244,432,246 312,338,469 248,605,794 328,406, 798 249,955,831 258,456,786 251,635,354 259,346,494 257,539,887 262,800,534 327,368,877 329,971,356 319,919,880 325,655,697 317,010,666 321,603,279 6,392,344 5,148,906 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 88,954,603 37,522,086 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 3,728,676 2,606,457 2,099,062 618,995 379,752 264,310 11,857,511 5,691,290 1,403,658 1,081,280 1,961,680 12,209,596 8,093,268 44,573,184 48,266,759 Kl 11,263,332 4,238,358 7,861,553 10,731,375 12,641,988 3,386,611 4,265,626 1,859,274 2,520,455 2,249,038 1,772,834 3,260,743 3,272,739 18,084,938 806,672 441,962 677,207 410,533 8,221,159 416,812 490,269 4,916,965 10,101,177 5,344,844 o tei 66,051,187 53,185,177 4,076,113 3,490,528 11,905,431 9,138,638 7,431,678 2,791,622 2,876,120 150,861 163,362 • 4,066,747 16,292,500 4,744,123 W o w w H Hrl H tei H W tei > Ul d Kj TABLE G.—Statement showing the ordinary receipts and disbursements ofthe Government by months, etc.—Continued. Month. 1902—January February March April May June Total for 12 months July August September October. . : November December 1904—January February March April May June Total for 12 months to Surplus recOTpts. Balance in Net gold general fund, in Treasury. including net gold. $46,582,144 41,159,739 46,501,414 45,215,390 49,509,449 49,677,469 $38,548,278 39,099,291 38,102,437 40,799,263 38,746,798 33,837,859 $8,033,866 $239,040,401 2,060,448 238,821,209 8,398,977 244,858,050 4,416,127 242,945,286 10,762,652 246,554,393 16,839,609 253,801,291 562,478,233 471,190,878 91,287,376 49,305,691 48,605,813 48,580,381 51,391,262 43,599, ,001 47,151,300 45,996,338 43,028,180 45,435,435 43,326,101 44,113,970 • 48,354,054 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 1 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 54,307,652 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 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 47,352,973 36,922,015 17,776,613 6,828,133 6,545,855 1 4,947,266 1 2,735,193 10,491,787 1 6,784,184 3,242,635 3,072,101 »4,480,843 15,664,913 11,293,399 $324,796,646 325,361,866 327,856,289 334,739,983 345,350,229 362,187,361 Imports of gold. Exports of gold. $1,405,787 1,696,967 2,636,313 1,864,767 1,497,053 4,086,457 $1,973,675 8,665,480 4,432, 946 2,844,214 1,968,407 391,525 52,021,254 48,568,960 tei Total for 12 months July August September October November December 1903—January February March April May June Ordinary disburseOrdinary ments, exclureceipts, sive of postal, exclusive of principal of postal. debt, and premium. • 539,716,914 632,237,821 7,479,093 248,005,005 264,657,694 286,124,771 263,542,933 264,967,774 270,777,264 247,783,746 259,651,782 276,815,803 262,539,660 256,208,626 254,162,230 248,499,879 253,201,871 260,714,057 258,892,307 267, Oil, 715 265,571,972 229,362,090 236,241,028 248,529,691 231,877,090 217,592,391 216,183,723 353,974,599 359,491,501 371,253,394 356,421,878 354,575,588 364,409,380 368,345,963 374,543,470 372,921,989 373,326,187 375,168,898 388,686,114 378,291,444 383,450,710 389,417,184 378,637,402 369,237,430 379,374,895 378,745,084 373,068,505 374,699,996 370,919,188 813,287,516 322,051,568 o .pi H 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 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 44,982,027 47,090,595 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 99,055,368 81,459,986 O tei > fei o tei ZP July August September. October November . CD December.. S 1905- -January . . . February . . March April May June 2 w 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.. 1907—January . . . February.. March April May June Total for 12 months. 197,445,631 199,512,294 223,098,966 231,060.229 233,812,615 229,664,318 201,244,581 202,857,181 221,231,681 212,331,729 218,172,921 221,381,650 304,081,579 297,975,365 301,414,163 296,352,797 293,344,658 296,592,689 290,625,796 290,681,839 291,821,624 284,318,681 281,141,378 295,477,492 224,372,884 61,591,481 112,318,347 50,600,327 1 3,109,895 235,465,527 263,331,814 40,510,622. 9,740,537 54,589,836 1 4.097,144 273,076,079 285,582,811 46,211,544 2,789,325 42,830,311 7,520,152 284,836,080 259,856,877 45,671,353 5,018,743 41,409,095 6,785, 633 - 276,418,068 284,378,284 43,665,323 6,965,846 45,141,796 148, 928 260,229,777 269,690,707 43,124,646 4,855,378 290,489,841 34,001,856 21,865,225 279,865,731 277,697,345 286,823,693 281,816,289 285,310,840 289,780,373 293,885,083 302,718,086 309,859,322 307,126,224 310,385,376 330,689,355 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 51,131,604 40,391,358 52,500,873 49,434,318 41,315,731 49,488,299 41,151,234 44,985,127 48,339,465 46,048,144 34,687,523 117,232,728 16,228,212 5,953,325 13,510,265 13,857,441 3,732,174 1 6,078,014 3,456,839 1,282,629 18,561,283 12,289,211 13,263,254 544,606,758 563,360,093 118,753,335 49,273,134 47,490,432 50,251,159 50,492,692 49,000,869 50,350,463 50,790,096 48,194,728 C50,631,169 45,092,868 47,980,024 55,367,081 594,717,942 549,405,425 45,312,517 52,298,853 56,007,597 51,497,191 •67,241,999 55,602,498 55,812,980 55,237.500 53,925,496 54,221,954 53,260,592 57,488,012 62,711,463 63,483,563 45,997,502 39,154,801 52,678,473 46,642,880 44,497,456 45,732,517 43,983,148 40,150,934 45,324,832 45,940,845 38,476,021 111,184,710 10,010,095 12,342,390 4,563,526 8,959,618 11,315,524 9,604,983 9,942,348 14,071,020 7,935,760 11,647,167 24,236,442 663,125,659 551,705,129 111,420,530 290,313,464 311,358,446 313,714,775 302,973,951 317,952,371 313,999,622 285,Oil,577 310,617,216 310,760,992 296,040,433 292,821,224 304,619,431 319,963,942 360,686,875 371,213,096 373,300,810 381,470,287 388,997,076 394,708,206 400,164,655 402,868,003 401,388,342 407,629,665 422,061,445 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 13,502,828 16,828,167 14,794,312 2,392,784 1,303,874 481,670 4,030,882 53,648,961 92,694,024 4,973,241 3,213,216 5,543,692 10,722,132 6,202,790 4,028,881 2,605,709 2,079,683 6,630,695 14,941,583 34,911,028 2,369,080 1,159,274 274,153 1,412,904 310,696 1,137,318 2,668,532 5,741,665 8,486,330 5,918,627 2,485,562 6,722,148 3,256,392 96,221,730 38,573,591 9,834,333 7,972,868 31,431,038 27,250,852 8,935,274 7,617,237 3,270,505 3,329, 867 5,046, 243 4,974, 527 2,682,163 2,166,342 1,302,248 598,078 2,278,922 7,074,544 1,963,767 1,880,895 2,450,072 1,127,059 2,126,173 2,219,844 , 4.506,444 23,872,140 114,510,249 Ul tei o tei H t W K] o tei tei H t^ K^ ZP d w K| 51,399,176 • 1 Excess of disbursements. CO TABLE G.—Statement showing the ordinary receipts and disbursements ofthe Government by months, etc.—Continued. »4^ Month. 1907—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, •July August September October November December , Ordinary disburseOrdinary ments, exclureceipts, sive of postal, exclusive of principal of postal. debt, and premium. Surplus receipts. $55,906,465 68.226.282 51,438, 483 59,028,246 45, 529,326 47,283,828 49.435.283 48,324.900 44,616,965 43,919,321 42,698,053 63,488,613 $60,864,924 52,995,047 44,646,469 45,58^, 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 1 $4,958,459 5,431,235 6,792,014 13,439,949 3,904,972 1 5,540,922 1 4,255,008 1 5,848,301 14^539,831 112,728,870 1 8,787,175 5,531,966 601,060,723 621,102,390 I 20,041,667 49,189,846 44,680,639 ^48,224,568 48,304,825 49,908,715 51,197,21046,259,139 47,675,568 53,554,602 51,278,212 54,416,058 58,900,118 71,390,958 48,114, 783 52,209,676 56,858,544 58,302,928 56,384,477 58,653,229 51,693,985 63,857,118 52,044,182 54,905,437 47,909,128 1 22,201,112 1 3,434,144 13,985,118 1 8,553,719 1 8,394,213 1 5,187.267 112,394,090 1 4,018,417 1 302,516 1 765,970 1 489,379 10,990,990 603,589,490 662,324,445 1 58,734,955 57,677,081 51,081,777 52,347,659 57,176,765 51,727,671 56,968,269 70,681,030 58,490,754 52,968,845 59,100,660 56,318,678 53,239,067 113,103,949 17,408,977 1 621,186 11,923,895 1 4,591,107 3,729,202 Balance in Net gold [general fund, in Treasury. including net gold. $293,670,624 284,300,724 280.808,512 237,987,850 245,500,558 249,344,971 217,475,100 210,382,518 204,492,080 193,772,017 213,684,683 221,924,733 230,238,004 214,915,676 222,058,504 232,051,793 228,201,751 232,703,457 204,776.864 234,094;571 240,173,188 235,590,916 224,263,038 227,698,852 235,720,333 237,184,857 242,873,342 254,735.467. 250,567,638 241,989,339 $388,574,188 386, 660,408 389,551,314 387,227.019 400,551,014 419,519,991 416,417,301 418,845,804 412,608,191 401,596,987 390,933,256 395,171,348 353,628,173 339,890,139 329,052,573 316.882,253 301,387,362 319,501,417 299,701,585 291,263,813 283,934,071 277,433,835 269,901,309 276,375,428 258,437,755 247,950,871 244,206,114 239,103,078 231,935,125 234,048,866 Imports of gold. Exports of gold. $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 8,626,718 148,337,321 72,432,924 2,949,179 4,303,847 4,767,051 3,785,706 2,909,883 5,152,732 3,420,183 3,576,444 5,161, 648 3,345,861 2,263,721 2,367,735 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 44,003,989 91,531,818 3,269,886 6,348,757 2,351,158 7,034,164 3,863,637 2,083,772 16,661,782 9,230,273 7,546,442 9,379,402 15,649,281 10,579,304 hj o pi H O fei. H tn tei fe| O tei ZP 1910—January February March April May June — 50,3-22,176 60,278,783 60,161,772 56,153,520 51,608,384 83,117,958 52,046,922 49,238,877 51,597,331 53,807,033 48,179,671 54,036,523 Total for 12 months 675,511,715 659,705,391 58,817,953 54,969,254 56,983,578 55,266,442 58,471,175 57,689,458 52,005,193 50,390,629 58,465,359 51,091,962 61,232,444 86,988,928 68,411,709 58,538,788 52,627,006 58,560,323 54,-231,830 52,798,711 52,271,910 60,051,017 51,649,855 52,558,029 55,908,354 46,630,466 19,593,756 13,569,534 3,456,572 13,293,881 4,239,346 4,890,747 1 266,717 339,612 6,815,504 11,466,067 5,324,090 40,358,462 701,372,375 654,137,998 47,234,377 1910-July August September October November December 1911—January February March April May June Total for 12 months. 1911—July August September October November December 1912—January February March April May June Total for 12 months.. 52,085,062 54,803,683 56,335,353 56,054,411 56,588,832 53,749,606 52,461,712 53,932,609 59,296.027 53,305, 712 58,369,952 84,795,506 691,778,465 11,724,746 1,039,906 8,554,441 1653,513 3,428,713 29,081,435 230,960,864 230,571,813 238,885,265 233,462,139 232,165,417 256,894,676 228,421,383 229,628,447 244,362, Oil 261,024,062 256,832,205 254,003,571 220,261,901 227,178,354 231,726,269 220,749,280 206,383,234 233,533,255 242,356,224 239,523,208 240,984,016 235,688,932 236,683,886 239,393,472 235,466,829 235,525,708 239,454,526 235,705,902• 236,477,947 290,176,926 15,806,324 68,178,502 60,287,497 50,805,537 60,187,536 57,049,325 54,505,903 53,422,057 52,144,834 48,658,152 55,954,196 52,251,653 41,108,771 116,093,440 15,483.814 5,529,816 14,133,125 1 460,493 1 756,297 1 960,345 1,787,775 10,637,875 1 2,648,484 6,118,299 43,686,735 654,553,963 37,224,502 1 E x c e s s of d i s b u r s e m e n t s . 220,256,764 226,656,329 247,576,175 244,001,134 229,620,847 242,411,286 262,780,234 258,319,307 257,503,487 280,180,440 285,303,171 276,029,643 235,654,356 239,947,601 254,136,930 253,187,522 244,189,050 264,028,646 302,525,300 292,408,854 294,394,996 286,522,399 282,243,628 276,925,992 273,413,503 271,892,704 281,534,096 275,613,948 276,997,558 317,152,479 2,131,357 3,063,116 4,373,885 2,100,918 3,143,338 4,576,917 6,163,132 2,937,134 1,815,815 36,283,625 718,678 1,598,347 43,339,905 118,563,215 10,282,649 12,818,606 3,192,341 4,250,259 4,313,500 4,976,632 9,540,830 5,805,844 4,119,063 4,524,835 6,014,740 4,767,714 828,451 3,150,423 1,822,476 750,330 1,376,Oil 1,330,400 923,676 424,733 505,615 1,505,634 6,817,149 3,074,755 73,607,018 22,509,663 2,594,653 4,105,331 4,704,096 4,102,427 3,458,321 4,707,330 5,141,243 2,937,274 4,335,678 3,892,599 3,346.491 5,611,057 2,178,088 480,799 2,352,861 3,983,994 13,941,093 994,677 1,915,202 10,589,295 7,453,589 1,816,816 4,450.899 7,171,035 48,936,500 57,328,348 ZP tei O I> Pi Kj H K tei > ZP d Pi Ki TABLE G.—Statement showing the ordinary receipts and disbursements ofthe Government by months, etc.—Continued. Month. 1912—July August September.. October November.. December.. 1913—January February... March April....... May.. June.. Total for 12 months Ordinary disburseOrdinary ments, exclureceipts, of postal, exclusive of sive principal of postal. debt, and premium. Surplus receipts. $59,536,334 60, 205,002 55, 682,556 469,504 • C4, 59, 069,394 55,821,539 60, 542,363 54, 803,419 56, 720,084 53, 452,557 370,364 438,114 $60,279,518 63,315,651 58,446,255 60, 606,534 54, 241,148 59,417,161 53, 605,790 52; 839,445 51; 478,553 57; 106,215 57; 957,870 53; 476,566 1 $743,184 13,110,649 12,763,699 3,862,970 4,828,246 13,595,622 6,936,573 1,963,974 5,241,531 13,653,658 12,587,506 34,961,548 724,111,230 682,770,706 41,340,524 Balance in Net gold general fund, in Treasury. including net gold. 747,666 271, 733,772 285, 229,839 302, 675,520 304; 384,340 299 730,929 255; 750,031 262, 745,118 267, 930,180 265, 188,309 253 778,072 258, 363,327 $311, 648,787 304, 641,784 299, 846,615 298, 724,219 299, 946,420 293, 576,381 295; 846,020 297; 030,683 298; 496,280 291, 333,044 283; 977,282 315, 960,985 Imports of gold. h-1 Exports of gold. $3,747,869 5,576,900 4,200,682 11,887,492 4,474,480 11,397,007 6,210,360 5,356,471 4,380,993 4,013,537 4,561,260 3,386,974 $7,264,664. 2,498,472 568,302 330,270 2,709,594 656,704 17,237,648 12,373,409 18,076,584 3,010,168 12,467,492 569,315 69,194,025 77,762,622 1 Excess of disbursements. NOTE.—The above figures are exclusive of disbursements for the Panama Canal, the first payrnents for which occurred in the fiscal year 1903. NOTE.—The receipts and disbursements by months were made up from the partial reports prior to July 1,1908; and, being subject to change by subsequent concentration of .accounts, did not agree with the totals by years. The latter are the actual results, as shown by complete returns. hj O pi H O t^ w tei tei H-1 > fei o tei ZP 117 SECRETAEY OP THE TREASURY. TABLE H.—Statement of the balance in the general fund of the Treasury, including the gold reserve, by calendar years from 1791 to 1842, and by fiscal years from 1843 to 1913.^ Balance in general fund. Including gold reserve since 1875. Date. 1791—December 31 [792—December 31 1793—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—June30... . 1846—June 30 1847—June 30 1848—June 30 1849—June 3 0 . . . 1850—June 30 1851—June 30 1852—June 30 . . . : $973,905.75 783,444.51 753,661.69 1,151,924.17 516,442.61 888,995.42 1,021,899.04 617,451.43 2,161,867.77 2,623,311.99 3,295,391.00 5,020,697.64 4,825,811.60 4,037,005.26 3,999,388.99 4,538,123.80 9,643,850.07 9,941,809.96 3,848,056.78 2,672,276.57 3,502,305.80 3,862,217.41 5,196,542.00 1,727,848.63 13,106,592.88 22,033,519.19 14,989,465.48 1,478,526.74 2,079,992.38 1,198,461.21 1,681,592.24 4,193,69().68 9,431,353.20 1,887,799.80 5,296,306.74 6,342,289.48 6,649,604.31 5,965,974.27 2 4,362,770.76 4,761,409.34 3,053,513.24 911,863.16 10,658,283.61 7,861,093.60 25,729,315.72 45,756,833.54 3 6,804,953.64 6,633,715.23 4,683,416.48 1,704,561.80 375,692.47 2,079,908.13 11,195,156.21 8,612,850.23 8,110,649.86 9,683,869.83 5,446,382.16 758,332.15 3,208,822.43 7,431,022.72 12,142,193.97 15,097,880.36 Balance In general fund, including gold reserve since 1875. Date. 1853—June 30 1854—June 30 . . 1855—June 30 1856—June 30 1857—June 30 1858—June 30 1859—June 30 1860—June 30 1861—June 30 1862—June 30 1853—June 30 1864—June 30 1865—June 30 1866—June 30 1867—June 30 1868—June 30 1869—June 30 1870—June 30 1871—June 30 1872—June 30 1873—June 30 . 1874—June 30 1875—June 30 1876—June 30 1877—June 30 1878—June 30 1879—June 30 1880—June 30 1881—June 30 1882—June 30 1883—June 30 1884r—June 30 1885—June 30 1886—JuneSO 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 3 0 . 1897—June 30 1898—June 30 1899—June 30 1900—June 30 1901—June 30 1902—June 30 1903—June 30 1904—June 30 1905—June 30 1906—June 30 1907—June 30..1908—June 30 1909—June 30 1910—June 30 1911—June 30. 1912—June 30 1913—June 30 -. . . . :.. . . $22,286,462.49 20,300,636.61 19,529,841.08 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 26,440,930.29 112,476,770.66 161,175,174.31 115,133,529.82 126,542.842.77 113,485,981.01 91,739,739.00 74,437,358.54 59,762,346.64 72,159,597.17 63,274,721.71 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;516.20 306,827,605.37 328,406,798.13 362,187,361.16 388,686,114.23 322,051,568.02 295,477,491.89 330,689,354.82 422,061,445.47 395,171,347.73 276,375,428.10 256,894,675.67 290,176,926.13 317,152,478.99 315,960,984.79 1 This statement Is made from warrants paid by the Treasurer of the United States to Dec. 31, 1821, and by warrants Issued after that date. 2 The unavailable funds are not Included from and after this date. 8 The amount deposited with the States under act of June 23,1836, havuig been taken out of the control of the Treasury Department by the act of Oct. 2,1837, Is not Included from and after this date. T A B L E I.—Receipts and disbursements of the UnitedStates. 00 RECAPITULATION OF RECEIPTS BY FISCAL YEARS. O r d i n a r y receipts. Miscellaneous. Year. Customs. 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 1 8 2 3 . . . 1824. 1825 1826... . 0 $4,399,473.09 3,443,070.85 4,255,306.56 4,801,065.28 5,588,461.26 6,567,987.94 7,549,649.65 7,106,061.93 6,610,449.31 9,080,932.73 10,750,778.93 12,438,235.74 10,479,417.61 11,098,565.33 12,936,487.04 14,667,698.17 15,845,521.61 16,363,550.58 7,257,506.62 8,583,309.31 13,313,222.73 8,958,777.53 13,224,623.25 5,998,772.08 7,282,942.22 36,306,874.88 26,283,348.49^ . 17,176,385.00 20,283,608.76 15,005,612.15 13,004,447.15 17,589,761.94 19,088,433.44 17,878,325.71 20,098,713.45 23,341,331.77 Internal revenue $208,942.81 337,705.70 274,089.62 337,755.36 475,289.60 575,491.45 644,357.95 779,136. 44 809,396.55 1,048,033.43 621,898:89 215,179.69 50,941.29 21,747.15 20,101.45 13,051.40 8,190.23 4,034.29 7,430.63 2,295.95 4,903.06 4,755.04 1,662,984.82 4,678,059.07 5,124,708.31 2,678,100.77 955,270.20 229,593.63 106,260.53 69,027.63 67,665.71 34,242.17 34,663.37 25,771.35 21,589.93 Sales of p u b l i c lands. \ Direct t a x . $4,836.13 83,540.60 11,963.11 443.75 167,726.06 188,628.02 165,675.69 487,526.79 540,193.80 765,245.73 466,163.27 647,939:06 442,252.33 696,548.82 1,040,237.53 710,427.78 835,655.14 1,135,971.09 1,287,959.28 1,717,985.03 1,991,226.06 2.606,564.77 3; 274,422.78 1,635,871.61 1,212,966.46 1,803,581.54 916,523.10 984,418.15 1,216,090.56 1,393,785.09 $734,223.97 534,343.38 206,565.44 71,879.20 50,198. 44 21,882.91 55,763.86 34,732.56 19,159.21 7,517.31 12,448.68 7,666. 66 859.22 3,805.52 2,219,497.36 2,162,673.41 4,253,635.09 1,834,187.04 264,333.36 83,650.78 31,586.82 29,349.05 20,961.56 10,337.71 6,201.96 2,330.85 6,638.76 O t h e r miscellaneous Items.1 $10,478.10 17,946.65 59,910.88 356,749.97 193,117.97 1,372,215.98 480,099.29 216,787.81 157,227.56 223,752.10 444,574.15 1,540,465.86 131,945.44 139,075.53 40,382.30 51,121.86 38,550.42 21,822.85 62,162.57 84,476.84 59,211.22 126,165.17 271,871.00 164,485.60 296,824.58 342,447.51 580,006.52 583,030.33 732,098.42 1,061,338.44 257,589.43 750,457.19 491,129.84 477,603.60 497,951.81 497,088.66 T o t a l ordinary receipts. . $4,409,951.19 3,669,960.31 4,652,923.14 5,431,904.87 0,119,334.59 8,420,329.65 8,688,780.99 7,979,170.80 7,546,813.31 10,848,749.10 12,945,455.95 14,995,793.95 11,064,097.63 11,826,307.38 13,560,693.20 15,559,931.07 16,398,019.26 17,060.661.93 7,773,473.12 9,384,214.28 14,422,634.09 9,801,132.76 14,340,709.95 11,181,710.95 15,708,458.56 47,745,650.82 33,366,868.88 21,585,583.66 24,603,374.37 17,840.669.55 14,573,379.72 20,232,427.94 20,540,666.26 19,381,212.79 21,840,858.02 25,260,434.21 Postal revenue. $71,295.93 92,988.40 103,883.19 129,185.87 163,794.54 195,043.44 213,992.74 233,144.73 264,850.39 280,806.06 320,444.81 326,831.65 359,952.41 389,711.49 422,129.07 446,520.34 484,134.45 460,717.77 506,633.95 551,754.97 587,266.73 649,151.22 703,220.73 730,953.13 1,043,021.74 961,718.04 1,002,973.26 1,130,202.99 1,204,737.39 1,111,760.72 1,058,302.10 1,117,555.36 1,130,214.35 1,197,298.93 1,306,253.59 1,447,660.04 S u r p l u s (-f) or T o t a l ordinary deficit (—) on receipts a n d o r d i n a r y receipts, postal r e v e n u e . including postal deficiencies. $4,481,247.12 3,762,948.71 4,756,806.33 5,561,090.74 6,283,129.13 8,615,373.09 8,902,773.73 8,212,315.53 7,811,663.70 11,129,555.16 13,265,900.76 15,322,625.60 11,424,050.04 12,216,018.87 13,982,822.27 16,006,451.41 16,882,153.71 17,521,379.70 8,280,107.07 9,935,969.25 15,009,900.82 10,450,283.98 15,043,930.68 11,912,664.08 16,751,480.30 48,707,368.86 34,369,842.14 22,715,786.65 25,808,111.76 18,952,430.27 15.631,681.82 21,349,983.30 21,670,880.61 20,578,511.72 23,147,111.61 26,708.094.25 1 -i-$l,312,498.04 — 4,599,909.44 + 805,993.24 — 865,917.17 — 1,190,266.19 -f 2,629,678.82 + 2,680,153.74 + 371,584.48 — 1,749,004.82 + 34,778.09 + 3,551,955.99 + 7,019,541.88 -f 3,111,811.03 + 3,188,399.73 + 4,546,344.36 + 6,110,753.45 + 8,043,867.89 -t- 7,999,248.85 - 2,507,273.92 + 909,460.91 4- 6,244,593.66 —10,479,638.51 —17,341,142.19 —23,549,214.47 —17,235,202.68 +16,549,294.90 4-13,375,976.41 -\- 1,566,955.85 + 3,091,370.37 444,865.34 - 1,276,173.14 -f 5,231,995.64 -f 5,834,036.27 — 892,489.85 + 5,983,640.68 -f-8,232,574.99 otei pi H O fei tei tei I—1 > otei ZP 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. 18581859. 1860. 1861. 1862. 1863. 1864. 1865. 1866. 1867. 1868. 1869. 1870 : 1871 . 1872. 1873. 1874 . 1875 . 1876 . 19, 712,,283.29 23; 205,,523.64 22, 681,,965.91 21, 922,,391.39 24,,224,,441.77 28, 465,,237.24 29, 032,,508.91 16, 214,,957.15 19, 391,,310.59 23, 409,,940.53 11) 169,, 290.39 16,, 1^8, ,800.36 23,,137,,924.81 13,,499,,502.17 14,,487,, 216. 74 18,,187,,908.76 7;,01^, 843.91 26;,183, 570.94 27,,528, 112. 70 667. 87 26;,712, ,747, 23;,757,864.66 31,,346, 070.96 28,,668, 738. 82 39,,017, 686. 42 49, 339, 567.92 47, 931, 326. 62 58, 224, 865. 52 64, 025, 190. 27 53,022, 794. 21 64, 875, 863.50 63, 789, 905.05 41, 565, 620.96 49, 187, 824.38 53, 582, 511.87 39, 056, 125.64 49,059, 397. 62 69, 316, 642.40 102, 928, 152.99 84, 046, 260.60 179, 417, 651.58 176, 464, 810.88 164,048, 599.56 180, 538, 426.63 194, 270, 374.44 206, 370, 408.05 216,089, 286.77 188, 103, 522.70 163, 167, 833.69 157,071, 722.35 148, 984.61 19,885.68 17,451.54 14,502.74 12,160.62 6,933.51 11,630.65 2,759.00 4,196.09 10,459.48 370.00 5,493.84 2,467.27 2,553.32 1,682.25 3,26L36 495. 00 103. 25 1,777.34 3,517.12 2,897.26 375.00 375.00 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 1,495,845.26 1,018, 308.75 1,517, 175.13 2,329, 356.14 3,210, 815.48 2,623, 381.03 3,967, 682. 55 4,857, 600. 69 14,757, 600.75 24,877, 179.86 6,776, 236. 52 3,730;, 945. 66 7,361;,576.40 3,411, 818.63 1,365, 627. 42 1,335, 797.52 898, 158.18 2,059, 939.80 2,077, 022.30 2,694, 452. 48 2,498, 355. 20 3,328, 642. 56 1,688, 959. 55 1,859, 894. 25 2,352, 305. 30 2,043, 239.58 1,667, 084.99 8,470, 798.39 11,497, 049.07 8,917, 644.93 3,829, 486.64 3,513, 715.87 1,756, 687.30 1,778, 557. 71 870, 658.54 152, 203.77 167, 617.17 333.29 553.31. 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 2,626.90 2,218.81 11,335.05 16,980.59 10,506.01 6,791.13 394.12 19.80 4,263.33 728. 79 1,687.70 755.22 1,795,33L73 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 1,735, 722.83 520, 126.49 602, 648.55 563, 227.77 1,074, 124.05 760, 410.61 945, 081.67 715, 161.82 1,266, 452.95 2,538, 576.90 7,001, 444.59 6,410, 348. 45 979, 939. 86 2,567, 112. 28 1,004, 054. 75 451, 995. 97 285, 895.92 1,075, 419. 70 361, 453. 68 289, 950.13 220, 808.30 612, 610. 69 685, 379.13 2,064, 308. 21 1,185, 166.11 464, 249. 40 988, 081.17 1,105; 352. 74 827; 731. 40 1,116, 190.81 1,259; 920.88 1,352; 029.13 1,454; 596. 24 1,088; 530.25 1,023; 515.31 915, 327. 97 3,741, 794.38 49,590, 595.99 30,693, 916.49 66,903, 980.19 29,192, 365.70 39,680, 390.13 26,373, 628.03 28,236, 255.67 30,986, 381.16 24,518 688.88 28,72i; 800.94 37,612; 708.54 19,411, 195.00 27,794, 148.11 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 24,954,153.04 26,302,561.74 31,482,749. 61 19,480,115.33 16,860,160.27 19,976,197.25 8,231,001.26 29,320,707.78 29,970,105.80 29,699,967.74 26,467,403.16 35,698,699.21 30,721,077.50 43,592,888.88 52,555,039.33 49,846,815.60 61,587,031.68 73,800,34L40 65,350,574.68 74,056,699.24 68,965,312.57 46,655,365.96 52,777,107.92 56,054,599.83 41,476,299. 49 51,919,261.09 112,094,945.51 262,711,865.33 327,283,518.68 557,817,230.34 477,001,523.47 398,369,440.36 369,564,545.47 411,253,971.24 383,323,944.89 374,106,867.56 333,738,204.67 304,978,756.06 288,000,051.10 293,790,130.50 1,524, 60L79 1,660, 276.46 1,778, 471.83 1,919, 313.70 2,105, 721.94 2,258, 570.17 2,617, Oil.88 2,823, 749.34 2,993, 556.66 3,408, 323.59 4,945, 668. 21 4,238, 733. 46 4,484, 656. 70 4,543, 521. 92 4,407, 726.27 4,546, 849. 65 4,296, 225. 43 4,237, 287.83 4,289, 841.80 3,487, 199.35 3,880, 309.23 4,555, 211.10 4,705, 176.28 5,499, 984. 86 6,410, 604.33 5,184, 526.84 5,240, 724. 70 6,255, 586.22 6,642, 136.13 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, 253.78 14,556, 158.70 14,436, 986.21 15,297, 026.87 16,292, 600.80 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 24,490 965.75 26,423;905.69 26,606,099.21 26,763 430.21 30,632;542.76 34,126,020.83 36,565,438.13 24,615,648.89 38,423,643.76 64,235,119.67 29,899,821. 25 30,541,295. 20 35,967,406.31 24,023,637. 25 21,267,886.54 24,523,046. 90 12,527,226.69 33,557,995. 61 34,259,947.60 33,187, 167.09 30,347,712.39 40,253,910.31 35,426,253. 78 49,092,873. 74 58,965,643.66 55,031,342. 44 66,827,756.38 80,055;927.62 71,992; 710.81 80,977,520.90 76,319,264.33 54,142,158.82 60,745,591.99 64,572,667.23 49,825,595.89 60,219,081.99 123,258,735.10 275,150,119.11 341,839,677.38 572,254,216.55 492,298,550.34 414,662;041.16 387,909,056.19 431,026,191.89 403,360,990.31 396,022,293.93 356,734,946.24 331,449,827.88 314,791 411.69 322,434,328.00 6,827, 196.80 8,368, 787.18 9,643 573.75 9,702 008.25 13,289, 004.18 14,578, 500.39 10,930, 874.27 3,164, 365.32 17,857, 273.74 19,958, 632.04 12,289, 061.20 7,562; 152.82 4,585, 966. 99 4,834, 402.86 9,621, 657.57 5,158, 689.19 3,549, 091.25 6,837, 147. 64 4- 7,034, 278. 01 2,438, 784.88 - 28,453, 380. 93 - 11,919; 521. 44 - 12,778, 000.89 4- 2,644, 505.76 4- 4,803, 560.92 4- 5,456, 563.24 4- 13,843, 042.59 4- 18,761, 886.29 4- 6,719, 911.97 4- 5,330, 349.23 4- 1,330, 903.64 - 27,327, 126.88 - 16,216, 491.85 7,146, 275.82 - 25,173, 913.59 -417,650, 980.56 -606,639, 330.67 -602,257, 235.50 -967,815, 770.90 4- 38,794, 874.00 4-130,272, 197.69 4- 28,030, 306.54 4- 48,373, 947.72 4-117,596, 966.09 4-100,163, 551.38 4-103,547 171.65 4- 48,498; 879.33 4- 3,739 955.85 4- 13,376, 658.26 4045.91 44444444444- + + 1 Including profits on coinage, payments by Pacific railways, tax on national-bank circulation, forest reserve fund, head tax on Immigrants, fees, flnes, and penalties, rent and sal_e of Government property, District of Columbia receipts, etc. ZP tei opi tei > pi K[ O tei H w> tei > ZP d pi K} CO TABLE I.—Receipts and disbursements of the UnitedStates—Continued. to O RECAPITULATION OF RECEIPTS BY FISCAL YEARS—Continued. Ordinary receipts. Miscellaneous. Year. 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 1910 1911. 1912 1913 Customs. Internal revenue. $130,956,,493.07 130,170, 680.20 137,250, 047.70 186,522 064.60 198,159,676.02 220,410;,730.25 214,706;,496.93 195,067, 489.76 181,471;939.34 192,905 023.44 217,286; 893.13 219,091, 173.63 223,832, 741.69 229,668, 584.57 219,522, 205.23 177,452; 964.15 203,355, 016.73 131,818, 530.62 152,158, 617.45 160,021, 751.67 176,554,;126.65 149,575; 062.35 206,128, 481.75 233,164, 871.16 238,585, 455.99 254,444, 708.19 284,479, 581.81 261,274, 564.81 261,798, 856.91 300,251, 877.77 332,233, 362.70 286,113, 130.29 300,711, 933.95 333,683, 445.03 314,497, 071.24 311,321,672.22 318,891,,395.86 $118,030, 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, 740.85 249,150, 212.91 269,666,772.85 251,711, 126.70 246,212, 643.59 1289,933,519.45 2322,529,200.79 3321,612,199.66 4 344,416,965.65 1 Includes $20,951,780.97 corporation tax. Sales of public lands. $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, 65L79 6,358, 272.51 4,029, 535.41 3,261, 875.58 3,182, 089.78 1,673, 637.30 1,103, 347.16 1,005, 523.43 864, 581.41 1,243, 129.42 1,678, 246.81 2,836, 882.98 2,965, 119.65 4,144, 122.78 8,926, 311.22 7,453, 479.72 4,859, 249.80 4,879, 833.65 7,878, 811.13 9,731, 560.23 7,700, 567.78 6,355, 797.49 5,731, 636.88 5,392. 796.75 2,910, 204. 69 Other miscellaneous items. Direct tax. $30.85 1,516.89 160,141.69 108,156.60 70,720.75 108,239.94 32,892.05 1,565.82 2 Includes $33,516,976.59 corporation tax. Total ordinary receipts. $30,687, 068.20 $281,250, 222.78 15,931; 830.39 257,763,878.70 20,593; 801.87 272,330, 241.21 21,978, 525.01 333,526,500.98 25,154, 850.98 360,782, 292.67 31,703, 642.52 403,525, 250.28 30,796, 695.02 398,287, 581.95 21,984; 881.89 348,519, 869.92 24,014, 055.06 323,690, 706.38 20,989, 527.86 336,439, 727.06 26,005, 814.84 371,403, 277.66 24,674; 446.10 379,266,074.76 24,297; 151.44 387,050,058.84 24,447, 419.74 403,080, 982.63 23,374, 457.23 392,612, 447.31 20,251, 871.94 354,937,784.24 18,254; 898.34 385,8195 628.78 17,118, 618.52 297,722,019.25 16,706,438.48 313,390,075.11 19,186, 060.54 326,976, 200.38 23,614, 422.81 347,721, 705.16 83,602,501.94 405,321, 335.20 34,716,730.11 515,960,620.18 35,911, 170.99 567,240,851.89 38,954,098.12 587,685; 337.53 32,009, 280.14 562,478, 233.21 36,180, 657.20 560,396; 674.40 38,084, 749.88 539,716,913.86 43,852, 911.06 544,606,758.62 40,436,017.99 594,717,942.32 53,346,713.24 663,125,659.92 53,504, 906.05 601,060,723.27 48,964; 344.52 603,589,489.84 45,538, 953.05 675,511,715.02 58,614, 466.08 701,372,374.99 53,451, 796.74 691,778,465.37 57,892,663.64 724,111,229.84 Postal revenue. $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 62,695,176.79 56,175,611.18 60,882,097.92 65,931,785.72 70,930,475.98 75,896,993.16 75,080,479.04 76,983,128.19 82,499,208.40 82,665,462.73 89,012,618.55 95,021,384.17 102,354,579.29 111,631,193.39 121,848,047.26 134,224,443.24 143,582,624.34 152,826,585.10 167,932,782.95 183,585,005.57 191,478,663.41 203,562,383.07 224,128,657.62 237,879,823.60 246,744,015.88 266,619,525.65 s inciudes $28,583,303.73 corporation tax. Surplus (4-) or Total ordinary deficit (—) on receipts and ordinary receipts, postal revenue. Including postal deficiencies. $308,781,808.04 287,041,395.65 302,372,224.07 366,841,980.32 397,567,690.54 445,401,660.43 443,796,274.56 391,845,828.73 366,251,550.21 380,388,150.01 ) 420,240,887.05 431,961,251.55 443,225,670.02 463,963,080.55 458,544,233.03 425,868,260.22 461,716,621.94 372,802,498.29 390,373,203.30 409,475,408.78 430,387,167.89 494,333,953.75 610,982,004.35 66^9,595,431.18 699,316,530.92 684,326,280.47 694,621,117.64 683,299,538.20 697,433,343.72 762,650,725.27 846,710,665.49 792,539,386.68 807,151,872.91 899,640,372.64 939,252,198.59 938,522,481.25 990,730,755.49 4-$39,915,747.92 4- 20,799,551.90 4- 5,382,357.08 4- 68,678,863.62 4-101,130,653.76 4-145,543,810.71 4-132,879,444.41 4-104,393,625.59 4- 63,463,77L27 4- 93,956,588.56 4-103,471,097.69 4-119,612,116.09 4-105,053,443.24 4-105,344,496.03 4- 37,239,762.57 4- 9,914,453.06 4- 2,341,674.29 - 69,803,260.58 - 42,805,223.18 - 25,203,245.70 - 18,052,454.41 - 38,047,247.60 - 89,111,559.67 4- 79,527,060.18 4- 77,717,984.38 4- 91,287,375.57 4- 54,307,652.36 4- ^7,479,092.55 - 18,753,335.00 .4- 45,312,516.97 4-111,420,530.88 - 20,041,667.37 -r, 58,734,954.93 + 15,806,323.94 4- 47,234,377.10 4-37,224,501.90 4- 41,340,524.33 ^ Includes $35,006,299.84 corporation tax. pi tei O O H W tei fei > fei o tei ZP P u b l i c d e b t receipts. P a n a m a Canal receipts-proceeds of b o n d s Proceeds of Premium Total public a n d p r e m i u m . b o n d s a n d other received. debt. securities. Year. 1791 1792 1793 1794 1795 1796 1797 1798 1799 1800 1801 1802 1803 1804 1805 180G 1807 1808 1809 1810 1811 1812 1813 1814 1815 1816 1817 . . 1818 1819 1820 1821 1822 1823 1824 1825 1826 1827 1828 1829. 1830 $361,391.34 5,102,498.45 1,797,272.01 4,007,950.78 3,396,424.00 320,000.00 70,000.00 200,000.00 5,000,000.00 1,565,229.24 • : °. . . . . $361,391.34 5,102,498.45 1,797,272.01 4,007,950.78 3,396,424.00 320,000.00 70,000.00 200,000.00 5,000,000.00 1,565,229.24 2,750,000.00 2,750,000.00 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 12,837,900.00 26,184,135.00 23,377,826.00 35,252,779.04 9,425,771.00 466,723.45 8,353.00 2,291.00 3,040,824.13 5,000,324.00 5,000,000.00 5,000,000.00 $32,107.64 686.09 40,000.00 5,000,000.00 5,000,000.00 Excess of deposits to retire national-bank notes over redemptions. T o t a l of all receipts. $4,842,638.46 8,865,447.16 6,554,078.34 9,569,041.52 9,679,553.13 8,935,373.09 8,972,773.73 8,412,315.53 12,811,663.70 12,694,784. 40 13,265,900.76 15,322,625.60 11,424,050.04 12,216,018.87 13,982,822.27 16,006,451.41 16,882,153.71 17,521,379.70 8,280,107.07 12,685,969.25 15,009,900.82 23,288,183.98 41,228,065.68 35,290,490.08 52,004,259.34 58,133,139.86 34,836,565.59 22,724,139.65 25,810,402.76 21,993,254.40 20,632,005.82 21,349,983.30 21,670,880.61 25,578,511.72 28,147,111.61 26,708,094.25 24,490,965.75 26,423,905.69 26,606,099.21 26.763.430.21 S u r p l u s (4-) or deficit ( - ) on all receipts. 4- $978,088.02 — 174,059.44 60.66 4432,050.82 596,725.64 -f430,957.17 -f 190,308.33 — 356,610.89 4- 1,624,430.85 4535,114.32 4744,381.90 4- 1,776,281.60 — 151,246.00 733,072.08 — 1,602.72 4571,440.70 4- 5,170,944.69 4311,762.86 — 6,092,235.17 - 1,175,016.46 4899,375.23 4456,590.30 4- 1,402,133.60 — 3,464,115.10 4-11,678,010.38 4- 9,080,769.20 - 6,958,209.31 -13,412,534.93 4692,170.44 — 932,961.78 4363,906.85 4- 2,506,031.71 4- 5,197,932.12 - 7,510,505.04 4- 3,322,394.60 4- 1,208,897.01 4352,582.03 — 714,890.28 310,963.86 4228,032.48 ZP tei O pi tei > % o tej M tei ZP d to T A B L E I.—Receipts and disbursements of the UnitedStates—Continued. to to RECAPITULATION OF RECEIPTS BY FISCAL YEARS—Continued. Public debt receipts. Panama Canal receipts—proProceeds of ceeds of bonds Total public Premium and premium. bonds and other debt. received. securities. Year. 1831 1832 1833 1834 1835 1836 1837 1838 1839 1840 1841 1842 1843 1844 1845 1846 1847 1848 1849 1850 1851 1852 1853... 1854 1855 .• 1856 1857 1858 1859 I860 1861 1862 1863 . . . . 1864 1865 1866 1867 1868 . . 1869 •. $2,992,989.15 12,716,820.86 3,857,276.21 5,589,547.51 13,659,317.38 14,808,735.64 12,479,708.36 1,877,18L 35 28,872,399.45 21,256,700.00 28,588,750.00 4,045,950.00 203,400.00 46,300.00 16,350.00 2,001.67 800.00 200.00 3,900.00 23,717,300.00 28,287,500.00 20,776,800.00 41,861,709.74 529,692,460.50 774,583,361.57 1,086,312,896.82 1,468,064,910.85 612,035,278.05 473,024,790.29 537,099,974.00 100,069,071.06 $71,700.83 666.60 28,365.91 37,080.00 487,065.48 10,550.00 4,264.92 22.50 709,357.72 10,008.00 33,630. 90 68,400.00 602,345.44 1,875,206.88 6,431,086.40 215,389.72 13,632,486.80 7,268,642.96 1,379,201.74 $2,992,989.15 12,716,820.86 3,857,276.21 5,589,547.51 13,659,317.38 14,808,735.64 12,551,409.19 1,877,847.95 28,900,765.36 21,293,780.00 29,075,815.48 4,056,500.00 207,664.92 46,300.00 16,372.50 2,001.67 800.00 200.00 3,900.00 23,717,300.0028,996,857.72 20,786,808.00 41,895,340.64 529,760,860.50 775,185,707.01 1,088,188,103.70 1,474,495,997.25 612,250,667.77 486,657,277.09 544,368,616.96 101,448,272.80 Excess of deposits to retire national-bank notes over redemptions.! Total of all receipts.* Surplus (4-) or deficit ( - ) on all receipts. $30,632,542.76 34,126,020.83 36,565,438.13 24,615,648.89 38,423,643.76 54,235,119.67 32,892,810.40 43,258,116.06 39,824,682.52 29,613,184.76 34,927,203.92 39,331,782.54 25,078,635.88 35,435,843.56 34,259,947.60 33,187,167.09 59,248,477.75 61,547,690.31 64,502,069.26 53,149,373.74 59,173,308.58 55,077,642.44 66,844,128.88 80,057,929.29 71,993,510.81 80,977,720.90 76,323,164.33 77,859,458.82 89,742,449.71 85,359,475.23 91,720,936.53 589,979,942.49 898,444,442.11 1,363,338,222.81 1,816,335,674.63 1.184.504,884.32 978,955,827.43 959,030,658.12 489,357.328.99 — $1,412,646.16 — 2,496,848.89 4- 9,377,724.77 - 2,896,938.63 4- 18,093,152.12 4- 20,525,189.27 - 7,660,545.78 — 627,984.50 - 2,426,789.94 - 3,331,584.69 - 1,369,853.72 4720,154.21 4- 8,585,777.02 - 2,502,679.99 — 5-51,193.10 4- 1,478,847.28 - 5,251,916.09 - 3,434,303.15 4- 3,636,597.39 4- 3,331,702.05 4- 4,418,802.59 4- 1,256,583.57 4- 7,026,342.44 - 1,670,827.68 813,401.28 4- 1,330,557.67 — 2,305,374.80 - 11,689,520.78 - 1,904,677.28 213,717.82 — 2,015,672.95 4- 16,012,557.85 — 10,436,258.73 -H 97,919,902.71 -100,493,985.44 4-120,757,951.16 4- 29,995,625.29 — 38,051,314.22 4- 9,436,292.16 o pi H O fe{ w tei > fei o tei ZP 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. 18951896. 1897. 1898. 1899. 1900. 1901. 1902. 1903. 1904. 1905. 1906. 1907. 1908. 1909. 1910. 1911. 1912. 1913. $31,210,817.95 25,367,768.67 30,731,008.21 3 18,102,170.04 33,189,104.15 569,916.00 603,212.47 717,750.00 681,450.00 235,866.00 118; 500.00 928,950.00 134,650.00 850.250.00 578,010.00 065,540.00 678,200.00 225,300.00 372,850.00 404,650.00 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 50, 014,250.00 81, 165,050.00 131,168,800.00 3,250. 00 '5,950.00 201,210.00 117,770.00 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 1,506.39 31,571,422.39 91,603,212.47 173,717,750.00 38,681,450.00 183,235,866.00 133,118,500.00 305,734.78 133,234,684.78 156,195.80 141,290,845.80 198,850,250.00 1,496,943.25 619,074,953.25 110.00 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 13,750.00 $40,018,392.25 15,250. 00 22,900. 00 8,633,295.71 58,647,545.71 5,708,247.75 11,339,344.62 92,504,394.62 11,166,246.41 142,335,046.41 3,250.00 4,356,614.50 5,950.00 6,034,510.00 199,201,210.00 5,324,234.50 117,770.00 3,700.00 2,370.00 12,650,160.00 1,486,098.00 1,484,048.00 457,936.00 455,336.00 2,750. 00 532,374.00 530,324. 00 10,408,537.00 1,514,334.00 1,509,234.00 5,023,165.50 15,436,500.00 24,797,980.00 5,255,715.00 459,280.00 ., 929,840.00 459,280.00 1,929,840.00 462,597,614.28 - 7 638,809.25 494,964,202.78 - 24,927,570.54 569,740,043.93 - 15 571,348.65 395,416,396.24 - 14,479,076.24 514,685,693.88 -f- 9,157,257.53 447,909,911.69 - 4 655,478.22 455,669,012.78 -• 4,204.784.11 450,072,653.84 4- 29, 967,068. 67 485,891,645.65 4- 75, 651,808.00 921,447,177.32 4-144,575,084.77 439,907,630.32 -141, 485,744.21 398,245,890.54 + 14,637,023.93 445,626,960. 43 - 20,736,144.84 748,169,124.56 - 1,178,462.55 393,250,478.73 + 4,531,941. 09 366,309,700.21 + 17,479,285.84 380,428,000.01 4- 49,412,595.20 420,281,787.05 - 24, 447,370.46 432,009,901.55 4- 36, 527,710. 58 443,250,020.02 - 33,503,357.76 463,984,730.55 - 19,601,877.53 498,576,375.28 - 34,132,372.16 425,883,510.22 - 27, 673,266.32 461,739,521.94 - 4,445,400.21 437,158,291.75 703,914. 32 482,877,597.92 - s; 192,425.01 551,810,455.19 4- 46, 580,230.86 434,747,032.39 4-104; 071,091.91 600,374,413.75 - 25,948,849.60 815,507,448.85 - 61,791,521.35 669,713,201.18 4-100,038.214.12 699,320,230.92 4- 23,215,743.65 696,978,810.47 4- 21,672, 596.43 696,107,216.64 4- 33,266,651. 54 683,757,474.20 4- 26,634,546. 21 697,436,093.72 - 66, 773,591,636.27 - 26, 574.076.13 884,458,982.94 4- 35, 211,862. 93 858,141,635. 35 4- 91,372,090.65 837,882,881.12 - 26,890,097.74 899,640,372.64 -118, 795,919. 63 962,610,083.63 - 19,480,752.43 972,170,865.40 4- 33,501,36a 58 992,660,595.49 4- 26, 975,552.86 + 3,319,156.71 ZP tei O pi tei pi o tei 1-3 W tei i > ZP d w K} 1 Only the annual excess of deposits over redemptions included In this column. 2 National-bank redemption fund herein Includes only the annual excess of deposits on account of national-bank redemption fund since 1890. 3 Includes deposits of $17,641,634, for principal of bonds, only $2,035,700 of which were actually Issued in 1911; the balance was issued in the fiscal year 1912. NOTE.—The disbursements are stated by warrants paid to June 30,1866, and by warrants issued since that date. The disbursements for postal deflciencies are grants by law from the Treasury, and differ from the fiscal year expenditures thereof shown by reports of the Auditor for the PostOflace Department. Issues and redemptions of certiflcates and notes not affecting the cash in general fund are excluded from the public debt figures in this statement. to CO T A B L E I.—Receipts and disbursements of the UnitedStates—Continued. to RECAPITULATION OF DISBURSEMENTS BY FISCAL YEARS. 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 1826 - ; . . . . .. Civil and miscellaneous, exclusive of postal deficiencies. War Department. $1,083,97L61 4,672,664.38 511,451.01 750,350.74 1,378,920.66 801,847.58 1,259,422.62 1,139,524.94 1,039,39L68 1,337,613.22 1,114,768.45 1,462,929.40 1,842,635.76 2,191,009.43 3,768,598.75 2,890,137.01 1,697,897.51 1,423,285.61 1,215,803.79 1,101,144.98 1,367,291.40 1,683,088.21 1,729,435.61 2,208,029.70 2,898,870.47 2,989,741.17 3,518,936.76 3,835,839.51 3,067,21L41 2,592,021.94 2,223,121.54 1,967,996.24 2,022,093.99 7,155,308. 81 2,748,544.89 2,600,177.79 $632,804.03 1,100,702.09 1,130,249.08 2,639,097.59 2,480,910.13 1,260,263.84 1,039,402.46 2,009,522.30 2,466,946.98 2,560,878.77 1,672,944.08 1,179,148.25 822,055.85 875,423.93 712,781.28 1,224,355.38 1,288,685.91 2,900,834.40 3,345,772.17 2,294,323.94 2,032,828.19 11,817,798.24 19,652,013.02 20,350,806.86 14,794,294.22 16,012,096.80 8,004,236.53 5,622,715.10 6,506,300.37 2,630,392.31 4,461,291.78 3,111,98L48 3,096,924.43 3,340,939.85 3,659,914.18 3,943,194.37 Navy Department. $61,408.97 410,562.03 274,784.04 382,631.89 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 1,884,067.80 2,427,758.80 1,654,244.20 1,965,566.39 '3,959,365.15 6,446,600.10 7,311,290.60 8,660,000.25 3,908,278.30 3,314,598.49 2,953,695.00 3,847,640.42 4,387,990.00 3,319,243.06 2,224,458.98 2,503,765.83 2,904,581.56 3,049,083.86 4,218 902.45 Indians. $27,000.00 13,648.85 27,282.83 13,042.46 23,475.68 113,563.98 62,396.58 16,470.09 20,302.19 31.22 9,000.00 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 Pensions. $175,813.88 109,243.15 80,087.81 81,399.24 68,673.22 100,843.71 92,256.97 104,845.33 95,444.03 64,130.73 73,533.37 85,440.39 62,902.10 80,092.80 81,854.59 81,875.53 70,500.00 82,576.04 87,833.54 83,744.16 75,043.88 91,402.10 86,989.91 90,164. 36 69,656.06 188,804.15 297,374.43 890,719.90 2,415,939.85 3,208,376.31 242,817.25 1,948,199.40 1,780,588. 52 1,499,326.59 1,308,810.57 1,558,593.83 Interest on the public debt. $1,177,863.03 2,373,611.28 2,097,859.17 2,752,523.04 2,947,059.06 3,239,347.68 3,172,516.73 2,955,875.90 2,815,65L41 3,402,601.04 4,411,830.06 4,239,172.16 3,949,462.36 4,185,048.74 2,657,114.22 3,368,968.26 3,369,578.48 2,557,074.23 2,866,074.90 3,163,671.09 2,585,435.57 2,451,272.57 3,599,455.22 4,593,239.04 5,990,090.24 7,822,923.34 4,536,282.55 6,209,954.03 5,211,730.56 5,151,004. 32 5,126,073.79 5,172,788.79 4,922,475.40 4,943,557.93 4,366,757.40 3,975,542.95 Total ordinary disbursements, exclusive of postal deficiencies. $3,097,452.55 8,269,869.75 3,846,929.90 6,297,822.04 7,309,600.78 5,790,650.83 6,008,627.25 7,607,586.32 9,295,818.13 10,813,971.01 9,393,499.96 7,976,252.07 7,952,286. 60 8,637,907. 65 9,014,348.84 9,449,177.62 8,354,151.37 9,061,413.08 10,280,747.04 8,474,753.37 8,178,040.43 20,280,771. 27 31,681,852.14 34,720,925.42 32,943,661.24 31,196,355.92 19,990,892.47 20,018,627.81 21,512,004.00 18,285,534.89 15,849,552.86 15,000,432.30 14,706,629.99 20,273,702.64 15,857,217.34 17,037,859.22 o pi O tei > o tei ZP 1827. 1828. 1829. 1830. 1&31, 1832, 1833, 1834, 1835, 1836 1837 1838, 1839 1840 1841 1842 1843 1844 1845 1846 1847 1848 1849 1850 1851 1852 1853 1854 1855 1856 1857 1858 1859 1860 1861 1862 1863 1864 1865 1866 1867 1868 1869 1870 1871 1872 1873 ' 1874 1875 1876 1877 1878, 2, n s , 476.58 3,676,052.64 3,082,234.65 3,237,416.04 3,064,646.10 4,577,141.45 5,716,245.93 4,404,728.95 4,229,698.53 5,393,279.72 9,893,370.27 7,160,664.76 5,725,990.89 5,995,398.96 6,083,224.45 6,721,927.61 3,181,410.00 5,645,183.86 5,911,760.98 5,901,052.27 6,349,309.36 5,628,629.29 12,885,334.24 16,043,763.36 17,888,992.18 16,462,727.01 15,309,318.01 23,464,799.05 21,011,611.43 28,594,920.87 24,948,615.77 21,651,093.42 18,988,985.99 18,088,432.58 18,156,392.66 17,824,134.04 22,449,068.39 26,572,236.87 42,739,383.10 40,613,114.17 47,593,557.05 48,956,676.01 51,078,551.25 48,392,882.35 55,350,666.23 55,809,757.42 67,837,635.06 80,427,548.90 63,859,056.88 68,507,120.68 52,756,193.59 47,424,309.55 3,948,977.88 4,145,544.56 4,724,291. 07 4,767,128.88 4,841,835.55 5,446,034.88 6,704,019.10 5,696,189.38 5,759,156.89 11,747,345.25 13,682,730.80 12,897,224.16 8,916,995.80 7,095,267.23 8,801,610.24 6,610,438.02 2,908,671.95 5,218,183.66 5,746,291.28 10,413,370.58 35,840,030.33 27,688,334.21 14,558,473.26 9,687,024.58 12,161,965.11 8,521,506.19 9,910,498.49 11,722,282.87 14,648,074.07 16,963,160.51 19,159,150.87 25,679,121.63 23,154,720.53 16,472,202.72 23,001,530.67 389,173,562.29 603,314,411.82 690,391,048.66 1,030,690,400.06 283,154,676.06 95,224,415.63 123,246,648.62 78,501,990.61 57,655,675.40 35,799,991.82 35,372,157.20 46,323,138.31 42,313,927.22 41,120,645.98 38,070,888.64 37,082,735.90 32,154,147.85 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 9,408,476.02 9,786,705.92 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 85,704,963.74 122,617,434.07 43,285,662.00 31,034,011.04 25,775,502.72 20,000,757.97 21,780,229.87 19,431,027.21 21,249,809.99 23,526,256.79 30,932,587.42 21,497,626.27 18,963,309.82 14,959,935.30 17,365,301.37 750,624.88 705,084.24 576,344.74 622,262. 47 930,738.04 1,352,419.75 1,802,980.93 1,003,953.20 1,706,444: 48 5,037,022.88 4,348,036.19 5,504,191.34 2,528,917.28 2,331,794.86 2,514,837.12 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 3,880,494.12 1,550,339.55 2,772,990.78 2,644,263.97 4,354,418.87 4,978,266.18 3,490,534.53 2,991,12L54 2,865,481.17 2,327,948.37 3,152,032.70 2,629,975.97 5,059,360.71 3,295,729.32 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 4,629,280.28 976,138.86 850,573.57 • 949,594.47 1,363,297.31 1,170,665.14 1,184,422.40 4,589,152.40 3,364,285.30 1,954,711.32 2,882,797.96 2,672,162.45 2,156,057.29 3,142,750.51 2,603,562.17 2,388,434.51 1,378,931.33 839,041.12 2,032,008.99 2,400,788.11 1,811,097.56 1,744,883.63 1,227,496.48 1,328,867.64 1,866,886.02 2,293,377.22 2,401,858.78 1,756,306.20 1,232,665.00 1,477,612.33 1,296,229.65 1,310,380.58 1,219,768.30 1,222,222.71 1,100,802.32 1,034,599.73 852,170.47 1,078,513.36 4,985,473.90 16,347,621.34 15,605,549.88 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 3,488,071.51 3,098,800.60 2,542,843.23 1,912,574.93 1,373,748.74 772,561.50 303,796. 87 202,152. 98 57,863.08 14,996.48 399,833.89 174,598.08 284,977.55 773,549.85 523,583.91 1,833,452.13 1,040,458.18 842,723.27 1,119,214.72 2,390,765.88 3,565,535.78 3,782,393.03 3,696,760.75 4,000,297.80 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 77,395.090.30 133,067,624.91 143,781,591.91 140,424,045.71 130,694,242.80 129,235,498.00 125,576,565.93 117,357,839.72 104,750,688.44 107,119,815.21 103,093,544.57 100,243,271.23 97,124, S U . 58 102,500,874.65 16,139,167.16 16,394,842.05 15,184,053.63 15,142,108.26 15,237,816. 64 17,288,950. 27 23,017,551.98 18,627,570.23 17,572,813.36 30,868,164.04 37,243,214.24 33,864,714.56 26,896,782.62 24,314,518.19 26,074,160.84 25,081,189.44 11,758,789.51 22,483,560.14 22,935,827.79 26,450,951.24 54,384,485.10 47,595,998.69 43,499,078.39 40,948,383.12 47,751,478.41 43,348,807.92 45,590,239.09 51,831,109.48 55,551,848.71 65,527,232.01 64,017,525.93 69,233,569.84 64,185,041.36 53,311,329.93 61,479,318.02 466,008,513.10 717,984,962.20 863,969,120.83 1,294,849,289.58 519,022,356.34 343,212,659.11 366,285,942.16 315,795,087.47 . 288,812,425.94 278,029,143.51 265,384,695.91 279,748,850.34 296,524,755.50 267,411,746.74 260,008,544.23 235,164,135.92 231,210,932.78 ZP tei o W tei H tK| s o H tei H W tei > ZP d Pi Kj h-l to C71 TABLE I;—Receipts and disbursements of the UnitedStates—Continued. to RECAPITULATION OF DISBURSEMENTS BY FISCAL YEARS—Continued. Ordinary disbursements. Year 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 1910 1911 1912 1913 . '.. '. . Civil a n d miscellaneous, exclusive of p o s t a l deficiencies. War Department. $60,968,031.00 61,642,529.76 60,520,686.05 57,219,750.98 68,603,519.03 70,920,433.70 82,952,647.80 65,973,277.83 78,763,578.54 69,896,223.67 76,795,144.53 74,528,219.58 105,306,395.41 95,790,498.90 97,786,004.08 93,693,884.07 82,263,188.42 77,916,234.62 79,252,061.69 86,016,464.75 110,979,685.82 98,542,411.37 117,327,240.89 111,067,171.39 122,165,385.54 130,099,672.06 127,968,471.82 130,221,177.07 145,416,530.32 162,532,367.63 167,001,087.10 171,580,829.79 173,838,599.04 172,256,794.41 169,802,304.63 $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 34,324,152.74 38,561,025.85 38,522,436.11 44,435,270.85 44,582,838.08 48,720,065.01 46,895,456.30 49,641,773.47 54,567,929.85 51,804,759.13 50,830,920.89 48,950,267.89 91,992,000.29 229,841,254.47 134,774,767.78 144,615,697.20 112,272,216.08 118,619,520.15 115,035,410.58 122,175,074.24 117,946,692.37 122,576,405.49 137,746,523.95 161,067,462.39 155,911,705.93 160,135,975.89 148,795,421.92 160,387,452.85 Navy Department. $15,125,126.84 13,536,984.74 15.686.671.66 15,032,046.26 15,283,437.17 17,292,601.44 16.021.079.67 13,907,887.74 15,141,126.80 16,926,437.65 21,378,809.31 22,006,206.24 26,113,896.46 • 29,174,138.98 30,136,084.43 31,701,293.79 28,797,795.73 27,147,732.38 34,561,546.29 58,823,984.80 63,942,104.25 55,953,077.72 60,506,978.47 67,803,128.24 82,618,034.18 102,956,101.55 117,550,308.18 110,474,264.40 97,128,469.36 118,037,097.15 115,546,011.09 123,173,716.68 119,937,644.39 135.591,955.72 133,262,861.97 Indians. $5,206,109.08 5,945,457.09 6,514,161.09 9,736,747.40 7,362.590.34 6; 475,999.29 6,552,494.63 6,099,158.17 6,194,522.69 6,249,307.87 6,892,207.78 6,708,046.67 8,527,469.01 11,150,577.67 13,345,347.27 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 18,504,131.60 20,933,869.44 20,134,839.80 20,306,158.90 Pensions. $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 87,624,779.11 106,936,855.07 124,415,951.40 134,583,052.79 159,357,557.87 141,177,284.96 141,395,228.87 139,434,000.98 141,053,164.63 147,452,368. 61 139,394,929.07 140,877,316.02 139,323,621.99 138,488,559.73 138,425,646.07 142,559,266.36 141,773,964.57 141,034,561.77 139,309,514.31 153,892,467.01 161,710,367.25 160,696,415.88 157,980,575.01 153,590,456.26 175,085,450.29 Interest on the public debt. $105,327,949.00 95,757,575.11 82,508,741.18 71,077,206.79 59,160,131.25 54,578,378.48 51,386,256.47 50,580,145.97 47,741,577.25 44,715,007.47 41,001,484.29 36,099,284.05 37;547,135.37 23,378,116.23 27,264,392.18 27,841,405.64 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 21,803,836.46 21,342,978.83 21,311,334.12 22,616,300.48 22,899,108.08 Total ordinary disbursements, •exclusive of postal deficiencies. $262,174,359.04 261,776,637.36 255,756,000.15 257,981,439.57 265,333,634.36 244,126,244.33 255,685,324.53 234,289,486.48 261,430,932.92 256,597,921.54 278,127,695.87 290,861,449.69 350,630,912.66 340,971,840.87 377,531,159.30 359,275,279.83 345,178,756.57 342,879,446.08 354,624,953.44 432,864,542.38 596,860,609.77 480,483,012.92 505,012,590.94 468,788,705.12 503,320,102.84 525,735,290.45 548,294,836.62 536,732,130.96 544,075,746.23 608,214,349.70 642,823,382.40 651,209.778.71 654,137,997.89 652,985,768.69 681,743,336.72 o pi H O fei > O tei ZP Postal 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 1826 1827 1828 1829 1830 1831 1832 From postal revenue. . $67,113.66 76,586.60 74,161.03 95,397.53 125,038.62 136,639.08 156,588.03 185,308.01 184,835.88 207,135.96 248,141.92 275,856.69 316,312.37 333,977.23 386,115.52 413,814.45 418,916.03 446,914.80 505,115.94 550,991.22 517,920.73 552,472.53 635,411.72 726,374.86 743,755.61 807,875.15 917,128.86 1,031,799.18 1,114,032.59 1,163,191.33 1,177,526.28 1,167,358.96 1,158,777.49 1,190,478.29 1,238,912.29 1,395,798.78 1,481,619.68 1,679,316.45 1,872,704.67 1,950,116.18 2,006,742.80 2,266,171.66 Total ordinary disbursements and postal Panama Canal From Treasury Total postal service, includ- disbursements. ing grants for grants for disbursements. deficiencies d.eficiencles. thereto. $67,113.66 76,586.60 74,161.03 95,397.53 125,038.62 136,639.08 156,588.03 185,308.01 184,835.88 207,135.96 248,141.92 275,856.69 316,312.37 333,977.23 386,115.52 413,814.45 418,916.03 446,914.80 505,115.94 550,991.22 517,920.73 552,472.53 635,411.72 726; 374.86 743,755.61 807,875.15 917,128.86 1,031,799.18 1,114,032.59 1,163,191.33 1,177,526.28 .1,167,358.96 1,158.777.49 1,190,478.29 1,238,912.29 1,395,798.78 1,481,619.68 1,679,316.45 1,872,704.67 1,950,110.18 2,006,742.80 2,266,171.66 $3,164,566.21 8,346,456.35 3,921,090.93 6,393,219.57 7,434,639.40 5,927,289.91 6,165,215.28 7,792,894.33 9,480,654.01 11,021,106.97 9,641,641.88 8,252,108.76 8,268,598.97 8,971,884.88 9,400,464.36 9,862,992.07 8,773,067.40 9,508,327.88 10,785,862.98 9,025,744.59 8,695,96L16 20,833,243.80 32,317,263.86 35,447,300.28 33,687,416.85 32,004,231.07 20,908,021.33 21,050,426.99 22,626,036.59 19,448,726.22 17,027,079.14 16,167,791.26 15,865,407.48 21,464,180.93 17,096,129.63 18,433,658.00 17.620,786.84 18,074,158.50 17,056,758.30 17,092,224.44 17,244,559.44 19,655,121.93 Public debt disbursements. Redemption of bonds and other securities. $699,984.23 693,050.25 2,633,048.07 2,743,771.13 2,841,639.37 2,577,126.01 2,617,250.12 976,032.09 1,706,578.84 1,138,563.11 2,879,876.98 5,294,235.24 3,306,697.07 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 7,728,587.38 7,065,539.24 6,517,596.88 9,064,637.47 9,860,304.77 9,443,173.29 14,800,629.48 17,067,747.79 Premium paid. Total public debt. $699,984.23 693,050.25 2,633,048.07 2,743,771.13 2,841,639.37 2,577,126.01 2,617,250.12 976,032.09 1,706,578.84 1,138,563.11 2,879,876.98 5,294,235.24 3,306,697.07. 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 7,728,587.38 7,065,539.24 6,517,596.88 9,064,637.47 9,860,304.77 9,443,173.29 14,800,629.48 17,067,747.79 Excess of national-bank notes retired over deposits for retirement. Total of all disbursements. $3,864,550.44 9,039,506.60 6,554,139.00 9,136,990.70 10;276,278.77 8,504,415.92 8,782,465.40 8,768,926.42 11,187,232.85 12,159,670.08 12,521,518.86 13,546,344.00 11,575,296.04 12,949,090.95 13,984,424.99 15,435,010.71 11,711,209.02 17,209,616.84 14,372,342.24 13,860,985.71 14,110,525.59 22,831,593.68 39,825,932.08 38,754,605.18 40,326,248.96 49,052,370.66 41,794,774.90 36,136,674.58 25,118,232.32 22,926,216.18 20,268,098.97 18,843,951.59 16,472,948.49 33,089,016.76 24,824,717.01 25,499,197. 24 24,138,383.72 27,138,795.97 26,917,063.07 26,535,397.73 32,045,188.92 36,622,869.72 ZP tei o pi tei H > pi Kj o tei H M tei tei > ZP d to T A B L E I.—Receipts and disbursements of the UnUed States—Continued. to RECAPITULATION OF DISBURSEMENTS BY FISCAL YEARS-Contiaued. Postal disbursements. Year. F r o m postal revenue. 1833.. 1834 1835 1836 1837 1838 1839. . 1840 1841 1842 1843 1844. 1845 1840 1847 1848-. 1849 1850....:::.... 1851. . ; : . : . 1852 1853 :.:.... 1854 1855...... 1856 1857 1858 1859. 1860 1861 1862 1863 1864 1865 1866 1867 1868 1869 $2,930,414.87 2,910,605.08 2,757,350.08 2,841,766.36 3,288,319.03 4,430,662.21 4,636,536.31 4,718,235.64 4,499,527.61 5,674,751.80 4,374,753.71 4,296,512.70 4,320,731.99 4,076,036.91 3,979,542.10 4,326,850.27 4,479,049.13 5,212,953.43 6,278,40L68 7,108,450.04 5,240,724.70 6,255,586.22 6,642,136.13 6,920,82L66 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 12,438,253.78 14,556,158.70 14,436,986.21 15,297,026.87 16,292,600.80 18,344,510.72 Total ordinary disbursements and postal service, includ- P a n a m a Canal F r o m Treasury Total postal i n g g r a n t s for d i s b u r s e m e n t s . g r a n t s for deficiencies dis.bursements. deficiencies. therein. $407,657.00 53,697.00 21,303.00 Sio,23i. 62 536,298.99 22,221.96 1,041,444.44 2,153,750.00 3,207,345.63 3,078,814.00 3,199,11&00 3,616,883.00 4,748,923.00 4,808,558.41 9,889,545.72 5,170,895.03 3,561,728.55 .749,313.98 999,980.00 250,000.00 3,516,666.67 4,053,191.66 6,395,510.28 $2,930,414.87 $25,947,966.85 2i;538,175.31 2,910,605.08 20,330,163. 44 2,757,350.08 33,709,930.40 2,841,766.36 40,531,533.27 3,288,319.03 4,430,662.21 38,295,376.77 31,533,318.93 4,636,536.31 29,032,753.83 4,718,235.64 30,981,345.45 4,907,184.61 30,809,638.24 5,728,448.80 16,154,846. 22 4,396,056.71 26,780,072.84 4,296,512.70 27,256,559.78 4,320,731.99 31,337,219.77 4,886,268.53 58,900,326.19 4,515,841.09 51,945,070.92 4,349,072.23 47,978,127.52 4,479,049.13 46,161,336.55 5,212,953.43 54,029,880.09 6,278,401.68 51,498,702.40 8,149,894.48 52,984,713.79 7,394,474.70 61,294,041.33 9,462,93L85 65,272,798.84 9,720,950.13 75,647,171.67 10,119,939.66 74,988,360.69 10,970,834.76 81,469,285.70 12,235,715.86 76,962,083.84 12,777,042.48 71,718,943.05 18,407,613.12 74,999,509.45 13,520,191.43 11,861,549.45 477,870,062.55 11,913,103.57 729,898,065.77 13,438,233.78 877,407,354.61 14,806,158.70 1,309,655,448.28 14,436,986.21 533,459,342.55 18,813,693.54 362,026,352.65 20,345,792.46 386,631,734.62 23,740,021.00 339,535,108.47 P u b l i c d e b t disbiu-sements. Redemption of b o n d s a n d other securities. Premium paid. E x c e s s of national-bank notes retired over deposits for retirement.! $1,239,746.51 5,974,412.21 328.20 $1,239,746.51 5,974,412.21 328.20 21,822.91 5,590,723.79 10.718.153.53 3,912,015.62 5,315,712.19 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 12,804,478.54 3,656,335.14 654,912.71 2,152,293.05 6,412,574.01 17,556,896.95 6,662,065.86 3,614,618.66 3,276,606.05 7,505,250 82 14,685,043.15 13,854,250.00 18,737,100.00 96,097,322.09 178,982,635.07 388,010,965.49 605,456,311.68 530,229,114.10 576,120,500.11 603,449,086.68 138,711,248.31 Total public debt. 00 $18,23L43 82,865.81 69,713.19 170,063.42 420,498. 64 2,877,818.69 872,047.39 385,372.90 363,572.39 574,443.08 i,7i7,966.ii 58,476.51 10,813,-849.38 7,001,151.04 1,674,680.05 21,822.91 5,590,723.79 10,718,153.53 3,912,015.62 5,315,712.19 7,801,990.09 338;012.64 11,158,450.71 7,554,580.92 371,100.04 5,600,067.65 13,036,922.54 12,8S7,344.35 3,656,335.14 724,625.90 2,322,356.47 6,833,072.65 20,434,715. 64 7,534,113.25 3,999,991.56 3,640,178.44 8,079,693.90 14,685,043.15 13,854,250.00 18,737,100.00 •96,097,322.09 178,982,635.07 388,010,965.49 607,174,211.79 530,287,590.61 586,933,849.49 610,450,237.72 140,385,928.36 . T o t a l of all disbursements.2 $27,187,713.36 27,512,587.52 20,330,491.64 33,709,930.40 40,553,356.18 43,886,100.56 42,251,472.46 32,944,769.45 36,297,057.64 38,611,628.33 16,492,858.86 37,938,523.55 34,811,140.70 31,708,319.81 64,500,393.84 04,981,993. 46 00,865,471.87 49,817,671.69 54,754,505.99 53,821,058.87 59,817,786.44 81,728,756.97 72,806,912.09 79,647,163.23 78,628,539.13 89,548,979.60 91,647,126.99 85,573,193.05 93,736,609.45 573,967,384.64 908,880,700.84 1,265,418,320.10 1,916,829,660.07 1,063,746,933.16 948,960,202.14 997,081,972.34 479,921,036.83 tei tej o Pi O d tei > fej o tei ZP 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. 1910. 1911. 1912. 1913. 19, 772,220.65 20, 037,045.42 21, 915,426.37 22, 996,741.57 26, 471,071.82 26, 791,360.69 28, 644,197.50 27, 531,585.26 29, 277,516.96 30, 041,982.86 33, 316,479.34 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, 882,097; 92 65, 931,785.72 70, 930,475.98 75, 896,993.16 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; 354,679.29 111, 631,193.39 121; 848,047.26 134; 224,443.24 143, 582,624.34 ""1,585.10 152, 932,782.95 167, 585,005.57 183, 478,663.41 191, 203, 562,383.07 128,657.62 224, 660,705.48 237, 744,015.88 246, 262, 108,874.74 4,844,579.21 5,131,250.00 5,175,000.00 6,490,475.00 4,714;044.71 7,211;646.10 5,092,540.36 6,170,338.94 5,753,394.02 4,773,524.49 3,071,000.00 3,895,638.66 74,503.18 4,541,610.58 8,193,652.02 6,501,247.05 3,056,037.13 3,868,919.73 6,875,036.91 4,741,772.08 4,05i;489.71 6,946!795.19 8,250;000.00 11,016,541.72 9,300,000.00 11,149,206.13 10,504,040.42 8,211,670.08 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 19,50r,062.37 8,495,612.37 1,568,194.88 1,027,368.79 24,616,799.86 25,168,295.42 27,090,426.37 28,487,216.57 31,185,116.53 34,003,006.69 33,736,737.86 33,701,924.20 35,030,910.97 34,815,507.35 36,386,479.34 40,681,036.63 41,876,410.15 45,583,195.79 43,325,958.81 47,102,454.41 52,142,074.97 65,338,856.44 55,751,213.92 60,044,530.91 67,757,134.83 70,673,557.80 74,981,965.69 81,843,788.35 83,330,479.04 87,999,669.91 91,799,208.40 93,814,668.86 99,516,658.97 103,232,954.25 109,585,358.08 116,585,955.60 124,250,199.78 136,993,362.44 150,085,155.20 167,891,842.10 180,606,077.34 191,214,388.38 204,366,704.35 223,063,445.44 232,624,269.99 237,660,705.48 248,312,210.76 263,136,243.53 313,429,225.80 303,197,438.93 292,475,122.28 308,236,066.91 327,709,872.03 301,414,753.43 293,745,282.09 268,866,060.12 266,241,843.75 296,989,866.39 298,163,116.70 296,437,036.78 299,857,849.72 310,916,830.15 287,452,203.14 302,787,778.94 286,431,561.45 316,769,789.36 312,349,135.46 338,172,226.78 358,618,584.52 421,304,470.46 415,953,806.56 459,374,947.65 442,605,758.87 433,178,426.48 434,678,654.48 448,439,622.30 532,381,201.35 700,093,564.02 590,068,371.00 621,598,646.54 593>038,904.90 640,313,465.28 675,820,445.65 716,186,678.72 717,338,208.30 735,290,134.61 812,581,054.05 865,886,827.84 883,834,048.70 891,798,703.37 901,297,979.35 944,879,580.25 $9;985.00 50,164,500.00 819.83 . 3,918, 19,379,373.71 27,198,618.71 38,093,929.04 31,419,442.41 33,911,673.37 37,063,515.33 35,327,370.66 41,741,258.03 140,810,642.13 207,677,539.65 285,878,003.54 96,553,485.68 176,423,490.77 151,150,636.48 166,128,514.80 151,239,525.05 143,997,993.90 479,882,226.16 280,434,937.41 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 24,348,086.98 709,903.00 256,447.20 2,494,549.93 7,294,103.35 11,378,502.00 29,942,062.00 14,622,363.48 22,790,058.25 36,112,798.78 56,223,918.00 16,608,833.00 18,622,730.75 605,230.80 244,711.80 30,373,043.00 34,356,750.00 15,434,687.00 760,925.00 246,496.35 120,616.03 102,575.00 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 10,401,220.61 33,147,054.81 14,649,572.95 14,043,391.14 10,907,119.82 1,257,678.01 1,417,479.53 225,095.97 156,807,197.73 216,694,334.39 292,836,270.30 101,659,405.57 177,818,564.32 151,150,636.48 166,128,514.80 151,239,525.05 143,997,993.90 479,882,226.16 283,230,257.83 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 83,133,055.51 138,581,151.00 124,968,023.56 111,404,276.98 24,348,086.98 $13,254,883.00 709,903.00 6,100,071.50 256,447.20 2,494,549.93 1,012,196.50 7,294,103.35 5,257,466.60 11,378,502.00 29,942,062.00 14,622,363.48 55,937,113.06 669,603.00 50,762,371.73 6,743,569.00 70,267,309.14 27,615,952.82 2,001,161.00 19,880,308.76 4,526,766.00 605,230.80 3,299,440.50 1,662,191.33 30,598,138.97 34,356,750.00 15,434,687.00 43,937,843.50 760,925.00 614,478.00 246,49&35 8,449,346.50 120,616.03 102,576.00 2,618,025.50 470,236, 423.63 519,891, 773.32 685,311, 392.58 409,895; 472.48 505,528; 436.35 452,565; 389.91 459,873; 796.89 420,105; 585.17 410,239, 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; 414.37 331,015, 404.81 444,729; 157.51 395,482; 190.97 476,753; 377.78 483,586; 608.08 532,708; 747.44 453,556; 776.54 466,184; 922.15 442,862, 206.07. 436,685; 172.91 447,230; 224.33 459,818, 124.30 662,323; 263.35 714,715, 927.50 646,674, 987.06 678,104, 487.27 663,306, 214.04 669,840, 564.10 750,392, 020.41 724,010, 169.85 738,379, 773.34 793,086, 892.29 885,031, 733.09 956,678, 800.75 919,121, 125.07 929,108, 716.05 945,195, 312.64 989,341, 438.78 ZP otei Pi Kj O tei tei I ZP d 1 Only the annual excess of redemptions over deposits included in this column. 3 National-bank redemption fund herein includes only the annual excess ol redemptions on accoimt of national-bank redemption fimd since 1890. to CO 130 REPORT ON T H E FUSrAI^CES. TABLE J.—Statement ofthe coin and paper circulation ofthe United States from 1860 to 1913, inclusive, with amount of circulation per capita. Coin, includ- United States Year Total money. ending ing bullion in notes and Treasury. bank notes. June 30. I860.. 1861.. 1862.. 1863.. 1864.. 1865.. 1866.. 1867.. 1868.. 1869.. 1870.. 1871.. 1872.. 1873.. 1874.. 1876.. 1876.. 1877.. 1878.. 1879.. 1880.. 1881.. 1882.. 1883.. 1884.. 1885., 1886.. 1887., 1888., 1889., 1890., 1891. 1892. 1898. 1894. 1895. 1896. 1897. 1898. 1899. 1900. 1901. 1902. 1903. 1904. 1905. 1906. 1907. 1908. 1909. 1910. 1911. 1912. 1913. $235,000,000 250,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 26,000,000 25,000,000 25,000,000 25,000,000 25,000,000 52,418,734 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 1,397,786,969 1,508,543,738 1,607,352,213 1,734,861,774 1,829,913,651 1,905,116,321 1,994,610,024 2,031,296,042 2,154,797,215 2,159,103,301 2,328,767,087 2,366,512,264 2,355,807,734 2,477,837,453 2,554,125,643 2,611,571,094 $207.102,477 202,005,767 333,452,079 649,867,283 680,688,067 745,398,620 729,430,711 703,334,669 692,336,115 691,471,653 698,940,094 719,539,283 740,960,724 751,363,213 781,024,781 773,273,609 738,264,550 697,216.341 687,743,069 676,372,713 691,186,443 701,723,691 705,423,050 703,496,526 686,180,899 665,750,948 655,691,476 625,898,804 599,043,337 558,059,979 532,651,791 564,837,007 621,076,937 672,584,935 706,618,677 704,460,451 702,364,843 692,989,982 675,788,473 681,550,167 732,348,460 748,206,203 733,353,107 779,594,666 808,894,111 851,813,822 915,179,376 956,457,706 1,049,996,933 1,040,816,090 1,063,783,749 1,078,121,524 1,094,745,008 1,108,498,922 $442,102,477 452,005,767 358,452,079 674,867,283 705,588,067 770,398,620 754,430,711 728,334,669 717,336,115 716,471,653 723,940,094 744,539,283 765,960,724 776,363,213 806,024,781 798,273,509 790,683,284 763,053,847 789,790,976 1,033,640,891 1,185,550,327 1,349,592,373 1,409.397,889 1,473,236,574 1,487,249,838 1,537,926,771 1,558,718,780 1,633,412,705 1,691,435,027 1,658,672,413 1,685,123,429 1,677,793,644 1,752,219,197 1,738,808,292 1,805,577,418 1,819,359,557 1,799,975,033 1,906,770,271 2,073,574,442 2,190,093,905 2,339,700,673 2,483,067,977 2,563,266,658 2,684,710,987 2,803,504,135 2,883,109,864 3,069,976,591 3,115,561,007 3,378,764,020 3,406,328,354 3,419,591,483 3,555,958,977 3,648,870,651 3,720,070,016 Coin, bullion, and paper money in Circulation. Treasury, as $435,407,252 448,405,767 334,697,744 695,394,038 669,641,478 714,971,860 673,591,701 662,126,128 680,886,198 665,573,364 676,284,427 718,616,114 741,548,708 753,799,412 776,083,031 754,101,947 727,609,388 722,314,883 729,132,634 818,631,793 212.168.099 973,382,228 235,354,254 1,114,238,119 235,107,470 1,174,290,419 242.188,649 1,231,047,925 243,323,869 1,243,925,969 244,864,935 1,293,061,836 308,707,249 1,250,011,531 315,873,662 [1,317,539,143 319,270,157 1,372,164,870 278,310,764 1,380,361,649 255,872,159 1,429,251,270 180,353,337 1,497,440,307 150,872,010 1,601,347,187 142,107,227 1,596,701,065 144,270,253 1,661,307,165 217,391,084 1,601,968,473 293,540,067 1,506,434,966 265.787.100 1,640,983,171 235,714,547 837,859,895 286,022,024 1,904,071,881 284,649,675 2,056,150,998 307,760,015 2,175,307,962 313,876,107 12,249,390,551 317,018,818 2,367,692,169 284,361,275 |2,519,142,860 295,227,211 2,587,882,653 333,329,963 2,736,646,628 342,604,552 2,772,956,455 340,748,632 3,038,016,488 300,087,697 3.106,240,657 317,235,878 3,102,355,605 341,956,381 3,214,002,696 364,357,557 3,284,513,094 356,331,567 3,363,738,449 $6,695,225 3,600,000 23,754,335 79,473,245 35,946,589 55,426,760 80,839,010 66,208,541 36,449,917 50,898,289 47,665,667 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 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 63,844,000 65,086,000 66,349,000 67,632,000 68,934,000 70,254,000 71,592,000 72,947,000 74,318,000 76,303,387 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 90,363.000 93,983,000 95,656,000 97,337,000 Circulation per capita. $13.85 13.98 10.23 17.84 19.67 20.58 18.99 18.29 18.42 17.63 17.51 18.17 18.27 18.09 18.13 17.16 16.12 15.68 15.32 16.76 19.41 21.71 22.37 22.93 22.65 23.03 21.78 22.45 22.88 22.62 22.82 23.46 24.60 24.07 24.56 23.24 21.44 22.92 25.19 25.62 26.93 27.98 28.43 29.42 30.77 31.08 32.32 32.22 34.72 34.93 34.33 34.20 34.34 34.56 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 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 Director of the Mint ia 1910 made a revised estimate of the stock of subsidiary silver coin, and, as a consequence of such revision, there was a reduction of $9,700,000. NOTE 9.—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 publication covering information on the subject has been prepared for distribution. 131 SECRETARY OF THE TREASURY. TABLE K.—Statement of United States bonds and other obligations received and issued by the Office ofthe Secretary ofthe Treasury from Nov. 1, 1912, to Oct. 31, 1913. Received Received for transfer for redempand tion. exchange. Title of loan. Ten-forties of 1864 (act Mar. 3,1864) Funded loan of 1891, 4^ per cent continued at 2 per cent (actJulyl4,1870).. Loan of 1904, 5 per cent (act Jan. 14,1875) Funded loan of 1907, 4 per cent (acts July 14, 1870, and Jan. 20,1871) Refundiag certificates, 4 per cent (act Feb. 26,1879) Consols of 1930, 2|per cent (act Mar. 14,1900) $53,115,500 Loan of 1908-1918; 3 per cent (act June 13,1898) 9,603,700 Loan of 1925, 4 per cent ^act Jan. 14,1875) 25,527,500 Panama Canal loan, 2 per cent (acts June 28, 1902, and Dec. 21,1905), series 1916-1936 4,134,960 Panama Canal loan, 2 per cent (acts June 28, 1902, and Dec. 21,1905), series 1918-1938 2,173,400 Panama Canal loan,'S per cent (acts Aug. 5,1909; Feb. 4, 1910; and Mar. 2,1911), series 1911-1961 13,791,500 Postal savings bonds, 2^ per cent (act June 25,1910): 4,800 First series, 1911-1931 52,420 Second series, 1912-1932 103,520 Third series, 1912-1932 92,840 Fourth series, 1913-1933 24,000 Fifth series, 1913-1933 108,624,140 Total. Issued. Total transactions. $100 $100 1,000 200 1,000 200 55,700 560 $53,115,500 9,603,700 25,527,500 55,700 560 106,231,000 19,207,400 51,055,000 4,134,960 8,269,920 2,173,400 4,346,800 13,791,500 27,583,000 4,800 52,420 103,520 1,167,820 1,140,880 9,600 104,840 207,040 1,260,660 1,164,880 57,560 110,816,000 219,497,700 TABLE L.—Internal and customs receipts and expenses of collecting, from 1858 to 1913. Customs receipts. Internal revenue. Year ended June 30— Receipts.i Expenses of collecting.* 2 Receipts.! Expenses of collecting.* ^ DoUars. DoUars. DoUars. Per cent. DoUars. Per cent. 1858. . 41,789,620.96 2,903,336.89 6 94 (*) 1859 49,565,824.38 3,407,931.77 6.86 v) 6.27 1860 53,187,611.87 3,337,188.15 V) (4) 1861 39,582,125.64 2,843,455.84 7.18 1862 6.67 49,056,397.62 3,276,660.39 37,640,787.95 1863 69,059,642.40 108,685.00 3,181,026.17 4 60 109,741,134.10 1864 263,372.99 4,192,582.43 .23 102,316,152.99 4.09 209,461,215.25 385,239.62 1866 .18 84,928,260.00 • 5,415,449.32 6.39 309,226,813.42 6,783,128.77 5,342,469.99 1866 1.87 179,046,65L58 2.98 266,027,537.43 7,335,029.81 5,763,979.01 1867. 2.77 176,417,810.88 3 26 191,087,589.41 8,705,366.36 7,641,116.68 4.55 164,464,699.56 1868 4.65 168,356,460.86 7,257,176.11 4.59 180,048,426.63 1869 6.388.082.31 2.99 184,899,756.49 7,253,439.81 3.92 194,538,374.44 1870 6,233,747.68 3.20 143,098,153.63 7,593,714.17 1871.. 5.30 206,270,408.05 6,568,350.61 3.18 130,642,177.72 6,694,116.86 1872 4.36 216,370,286.77 6,950,173.88 3 21 113,729,314.14 5,340,230.00 4.69 188,089,522.70 7,077,864.70 1873 3^76 102,409,784.90 4,509,976.05 4.40 163,103,833.69 1874 7,321,469.94 4 49 110,007,493.68 3.89 157,167,722.35 4.289.442.71 7,028,521.80 1875 4.47 116,700,732.03 3.38 148,071, 984.61 l876 . . . 3.942.613.72 6,704,858.09 4 53 118,630,407.83 2.99 130,956,493.07 l877 3,656,943.85 6,501,037.57 4.96 110,581,624.74 2.96 130,170,680.20 3,280,162.22 1878 6.826.974.32 4.47 1 Based on warrants issued during the year. 2 The cost of collecting the internal revenue embraces the following items: Salaries and expenses of the Internal-Revenue Service, including collectors, 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; expenses of detecting and punishing violations of internal-revenue laws; and expenses of collecting the corporation tax. 3 The expenses of collecting the revenue from customs includes all sums drawn from the appropriation made by Congress forthat purpose. (See details on p. 134.) The money is expended for salaries, rents, labor in weighing, gauging, and measuring imported merchandise, revenue boatmen, repairs, and other expenses incident to rented buildings, stationery, and the traveling expenses of special agents, but does not include 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 office of the Auditor for the Treasury •Department. «No data. P iii 132 REPORT ON T H E FIJSTANTCES. T A B L E L . — I n t e r n a l and customs receipts and expenses of collecting, from 1858 to 1913— Continued. Internal revenue. C u s t o m s receipts. Year ended J u n e 30— Receipts. 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 1910 . 1911 1912 1913 ; DoUars. 113.561.610.58 124,009,373.92 135,264,385.51 146,497,595.45 144,720,368.98 121,586,072.51 112,498,725.54 116,805,936.48 118,823,391.22 124,296,871.98 130,881.513.92 142,606,705.81 145,686,249.44 153,971,072.67 161,027,623.93 147, 111, 232.81 143,421,672.02 146,762,864.74 146,688,574.29 170,900,641.49 273,437,161.51 295,327,926.76 307,180,663.77 271,880,122.10 230,810,124.17 232,904,119.46 234,095,740.85 249,150,212.91 269,666,772. 85 251,711,126.70 246.212.643.59 1289, 933, 519.45 2322,529.200.79 3321,612,199.66 4344,416,965.65 Receipts. E x p e n s e s of collecting. DoUars. 3,527,956.56 3,657,105.10 4,327,793.24 4,097,241.34 4,424,707.39 4,216,847.26 3,853,035. 94 3,578.679.42 3,826,507.98 3,626,038.91 3,770,388.72 3,780,950.41 4,003,485.65 3,879,082.31 4,144,927.02 3,749,029.22 3,754,935.45 3,846,887.55 3,606,798.85 3,705,256.95 4,350,543.05 4,446,318.98 4,404,986.68 4,360,144.97 4,496,479.28 4,507,867.83 4,338,184.70 4,391,660.65 4,641,169.95 4,650,049.89 •.4,547,715.05 5,008,191.77 5,027,871.39 6,059,286.49 5,166,301.36 P e r cent. 3.10 2.95 3.20 2.80 3.06 3.47 3.42 3.06 3.22 2.92 2.88 2.65 2.75 2.52 2.57 2.55 2.62 2.62 2.46 2.17 1.59 L51 L43 1.60 L95 L94 L85 L76 1.72 1.85 L85 1.73 1.55 1.57 1.50 E x p e n s e s of collecthig. DoUars. 137,250,047.70 186,522,064.60 198.159.676.02 220,410,730.25 214,706,496.93 195,067,489.76 181,471,939.34 192,905,023.44 217,286,893.13 219,091,173.63 223,832,741.69 229,668,584.57 219.522.205.23 177,452,964.15 203,355,016.73 131,818,530.62 152,158,617.45 160,021,751.67 176,554,126.66 149,575,062.35 206,128,481.75 233,164,871.16 238,585,455.99 254,444,708.19 284,479,58L81 261,274,564.81 261,798,856.91 300,251,877.77 332,233,362.70 286,113,130.29 300,711,933.95 333.683.445.03 314.497.071.24 311,321,672.22 318,891,395.86 DoUars. 5,477,421.62 6,023,253.53 6,383,288.10 6,506,359.26 6,593,509.43 6,709,485.76 6,494,847.29 6,427,612.67 6,i855,801.74 7,156,187.77 7,030,487.00 6,859,986.09 6,964,367.09 6,646,276.06 6,756,790.98 6,791,872.86 6,736,690.92 7,237,796.40 7,075,372.05 7,152,276.58 7,361,562.83 7,467,692.48 7,713,418.82 7,967,472.89 8,468,710.19 8,665,636.37 9,115,499.44 8,997,669.41 9,436,752.68 9,580,626.25 10,261,073.33 10,665.770.12 11,015,254.24 10,804,979.15 10,285,613.95 P e r cent. 3.96 3.23 3.22 2.95 3.07 3.44 3.58 3.33 3.16 3.27 3.14 2.98 , 3.17 3.74 3.32 5.15 •4.43 4.52 4.01 4.78 3.57 3.20 3.23 3.13 2.98 3.32 3.48 3.00 2.55 3.85 3.41 3.20 3.50 3.47 3.23 1 Includes $20,951,780.97 corporation t a x . 2 Includes $33,516,976.59 corporation tax. 3 Includes $28,583,303.73 corporation tax. 4 Includes $35,006,299.84 corporation tax. TABLE M:—Statement shoiuing the aggregate receipts, expenses, average number of persons employed, and cost to collect internal revenue i n the several collection districts during the fiscal year ended June 30, 1913. Collection districts. Alabama Arkansas First California Fourth California 2. Sixth California Colorado Connecticut Florida Georgia Hawaii First Illinois Fifth Illinois Eighth Illinois Thirteenth Illinois. Sixth Indiana Aggregate receipts.i • $441,644.91 190,665. 24 8,242,952.05 143,721.44 1,389,985. 67 1,013,276.62 3,228,161.49 1,429,929. 61 523,632.24 240,553.38 13,435.972. 58 34,000,994.53 10,523,030.15 642,604.10 10,902,839.17 Expenses. $36,975.05 27,700.28 176,43L00 12,685.11 47,256.52 32,689.50 53,096.85 34,496.94 41,668.70 14,124.09 108,713.60 202,712.23 80,124,40 18,130.40 97,830.40 Average number Cost to of percollect sons em$1. ployed. 23 18 123 (}) 23 35 27 27 8 72 137 56 13 69 $0,084 .145 021 088 034 : 032 016 024 080 059 008 006 008 028 009 1 Based on reports of collectors. 2 The fourth California was consolidated with the first California; twelfth Pennsylvania with the ninth Pennsylvania; South Caroliaa district with the fourth North Caroliaa; and fourth Texas with the third Texas, in efi;ect Oct. 1, 1912. 3 Included in the district in which consolidated. 133 SECRETARY OP THE TREASURY. TABLE M.—Statement showing the aggregate receipts, expenses, average number of persons employed, and cost to collect internal revenue—Continued. Collection districts. Seventh Indiana Third Iowa Fourth Iowa Kansas Second Kentucky Fifth Kentucky Sixth Kentucky Seventh Kentucky .'.. Eighth Kentucky Louisiana Maryland Third Massachusetts First Michigan 1 Fourth^ Michigan Minnesota First Missouri Sixth Missouri Montana Nebraska New Hampshire First New Jerseyc. Fifth New Jersey New Mexico Fii'st New York Second New York Third New York Fourteenth New York Twenty-first New York Twenty-eighth New Y o r k . . . Fourth North Caroliaa Fifth North Carolina North and South Dakota First Ohio Tenth Ohio Eleventh Ohio..^. Eighteenth Ohio Oklahoma Oregon First Pennsylvania Niath Pennsylvania Twelfth Pennsylvania i Twenty-third Pennsylvania. South Carohna i Tennessee Third Texas Fourth Texas 1 Second Virgtoia Sixth Virgtoia Washington West Virginia First Wisconsin Second Wisconsin Philippine Islands Total Aggregate receipts. Expenses. $20,720,666.45 541,356.03 639.499.44 732,152.46 395,948.11 859,830.88 135,486.30 492,012.91 317,628.24 462,094.33 038,928.27 239,575.98 324,920.80 977,096.11 274,511.22 615,889.29 854,823.43 861,958.74 697,049.76 885,244.67 843,214.35 559,912.18 240,338.24 327,343.28 951,402.85 508,611.70 617,513.95 564,921.74 280,652.82 517,138.71 259,129.15 198,540.46 024,160.69 050,528.31 280.155.45 815,112.65 177,649.30 822,730.30 078,808.59 239,219.96 680.378.02 961,124.09 51,112.75 384.189.03 509,462.57 74,978.37 735,970.93 323,217.36 448,007.90 898,998.78 380,883.67 183,308.46 319,100.64 $114,812.12 21,254.46 21,994.96 18,263.09 108,014. 21 392,263.90 98.892.16 182.508.33 152,918.89 59,941.26 191,521.24 107,398.54 45,288.35 19,769.77 54,474.12 65,498.86 59,454.34 28,203.61 56,857.20 25,411.32 19,081.96 52,849.89 15,197.04 65,195.63 93,766.66 66.132.29 57,202.33 48,834.26 50.252.17 61,823.77 49,766.07 19,311.55 180,309.16 41.850.30 28,118.55 42,673.80 15,821.96 25,139. 21 121,438.25 102,958.45 10,496.69 215,798.90 6,639.54 76,160.09 35,518. 64 4,860.79 63,226.30 79,407.67 42,861.72 44,770.39 73,648.01 31,712.92 344,424,453.85 4,652,200.76 Average number Cost to of per- collect sons em$1. ployed. 76 14 17 11 79 296 73 135 114 41 138 74 28 15 33 43 44 21 39 17 10 34 8 42 61 39 37 34 33 41 27 10 125 31 17 30 9 14 90 88 (2) 176 (2) 51 25 (2) 43 57 30 33 56 23 $0.006 .040 .034 .025 .025 .021 .024 .041 .046 .013 .021 .015 .006 .020 .017 .006 .032 .033 .021 .029 .023 .005 .063 .005 .009 .006 .010 .014 .015 .011 .009 .097 .011 .014 .022 .011 .089 .031 .012 .020 .015 .017 .131 .032 .024 .065 .009 .060 .030 .024 .009 .027 »3,241 Amount of expenses as above stated $4,652,200.76 Expenses not included in above •* 837,453.85 Total expenses fiscal year ended June 30,1913 ^b, 489,654.61 Cost to collect $1 0.0159 1 The fourth California was consolidated with the first California; twelfth Pennsylvania with the ninth Pennsylvania; South Carolina district with the fourth North Carolina; and fourth Texas with the the third Texas, in effect Oct. 1,1912. 2 Includea in the district in which consolidated. 3 Includes average number of storekeepers, storekeeper-gaugers, and gaugers employed not formerly included in this table. 4 These expenses include salaries and expenses of internal-revenue agents and inspectors, salaries of the officers, clerks, and employees in the office of the Commissioner of Internal Revenue, amounts expended ia detecting and punishing violations of internal-revenue laws, cost of paper for internal-revenue stamps, and certain miscellaneous expenses, but which can not be apportioned among the several collection districts. Amounts paid from the appropriation "Refunding Internal-Revenue Collections," whic.h aggregated $23,513.19, do not appear anywhere in above statements, as they are in no sense an expense. 6 Based upon amounts actually paid. These expenses differ slightly from those shown on page 131, which are based upon warrants issued. TABLE N.—Statement of business of the customs ports for thefiscal year ended June 30, 1913. Vessels entered. E n t r i e s of m e r c h a n d i s e . Vessels cleared. Districts a n d p o r t s . Foreign. Alaska: Juneau Cordova... Eagle. Fairbanks. F o r t y Mile Ketchikan . . Nome S t . Michael. Skagway Sulzer Unalaska WrangeU. T o t a l '. Domestic. Domestic. 2 1 44 12 11 222 27 174 28 li) 653 25 10 10 11 10 5 323 747 2 6 4 . Foreign. 2 17 18 T. & E . Miscellaneous. Mail. 7 3 4 16 587 24 8 29 20 11 6 170 67 22 1 18 29 66 64 138 42 2 258 2 3 33 2 270 720 543 715 2 365 940 41 6 6 372 14 6 6 2 2 12 8 3 66 61 484 96 78 17 815 29 Total 35 111 220 66 .... Apalachicola, F l a . : Apalachicola. Carrabelle Total 22 22 10 4 19 19- 9 44 14 38 9 tei > Zfl o 2 .. 2 66 924 797 :..: pi O 181 556 o O 100 141 14 26 Alexandria, Va A n n a p o l i s , Md I.T. 5 71 4 98 . Arizona: Nogales . . . . Douglas Lochiei......: Documents issued to vessels. C o n s u m p - Warehouse. tion. 139 23 8 42 Albany, N . Y . . . Albemarle, N . C : E l i z a b e t h City Edenton Manteo CO 121 103 1 196 1 562 58 238 4 26 36 Naco Ynma Total .. '. Aroostook, Me.: Houlton Bridsewater F o r t Fairfield Fort Kent Tyimp<;tf>"np Madawaska Mars H i l l . Monticello Van Bnren Total Astoria, Oreg A t l a n t a , Ga Baltimore, Md 453 12 45 1 163 2,189 269 198 783 316 41 421 228 56 39 37 41 288 4 1 5 1,467 10 110 1,325 52 1,288 107 684 1,641 769 1,924 1,079 16 273 9,278 1 13 433 3 5 3 43 34 4 2,500 1,345 - 4 15 246 77 5 104 10 63 66 1 61 17 IS 170 ZP 6 494 O 19 928 2,498 54 > fei pi B a n g o r , Me.: Bangor Danforth Frankfort Hampden Lowelltown Moose R i v e r St. John Vanceboro Hahfax Total B a r n s t a b l e , Mass.: Barnstable . . Chatham TTyannis., Provincetown Total B a t h , Me Beaufort, N . C 3 5 5 4 3 43 6, 1 .-. 625 37 1 21,249 25 848 273 21,945 30 848 273 5 4 6 1 199 4 2 93 2 126 191 69 Total . 1 9 1 129 9,255 o •r4 171 34 344 Pi > ZP d - 4 92 Beaufort, S. C : Beaufort P o r t R o y a l .i 15 35 50 99 9,254 pi Kl 3 1 78 1 78 1 1 Oo Ol TABLE N . --Statement ' of business ofthe customs ports for the fiscal year ended June 30, 1913—Continued. Ci> Vessels entered. Vessels cleared. 1 Districts and ports. Foreign. Belfast, Me.: Belfast Rockport Stockton Springs Vinaihaven .. - Total Boston and Charlestown, Mass.: Boston Cambridge Dorchester Hingham Hull Newburyport Quincy Weymouth Worcester Foreign. 12 2 20 2 2 15 2 17 34 5 36 1,373 1,029 1,158 1.373 Total Domestic. 3 1,029 1,158 Entries of merchandise. Documents issued Domestic. to vessels. ConsumpWarehouse. tion. 50 37 : 4 38 5 3 1,158 397 47,025 6,273 4,213 21,541 1 3 747 28 2 112 1,159 400 48,372 3,950 6,273 4,215 21,653 4,050 1 728 127 8 29 58 5 58 22 18 63 50 1 826 240 21 21 21 15 1 10 5 6 1 1 2 295 4 1 30 609 44 146 63 88 26 31 10 325 862 303 55 — 1 40 37 6 20 25 Bridgeton, N. J Bristol and Warren, R . I Miscellaneous. Mail. 127 Total Total.. T. & E. 1 16 2 19 ' Brazos de Santiago, Tex.: BrownsviUe Brazos.. Edinburgh _ Rio Grande City Roma Santa Maria Bridgeport, Conn.: Bridgeport Greenwich Norwalk Stamford..: I.T. 3,922 3 4,050 Pi 4 1 4 8 29 62 26 O pi H: O 10 > ZP B r u n s w i c k , Ga.: Bruns^vick. Darien T o t a l . . . . Buffalo Creek, N . Y . : Buffalo Black Rock Ferry Lackawana N i g h t Clearance North Buffalo.. . Tonawanda Total . 32 2 51 6 43 10 28 93 27 1 4 5 34 57 53 28 93 27 1 4 5 372 61 2 352 24 24 1,703 10 228 1,137 8 72 285 2.259 3 562 38 18 1,839 6 201 1,161 9 83 460 26,042 867 28 2,321 365 835 3,158 3,165 3,299 460 Total 3 2,241 6,693 21 33,623 5,824 28 651 8,065 2,321 368 (^ fej. 132 29 ' 1 Burlington, Iowa Burlington, N . J Cairo, HI Cape V i n c e n t , N . Y . : Cape V i n c e n t Alexandria Bay Chaumont Clayton . . G rindstono Island Kingston Millers B a y R o u n d T«?lan'l Sacket Harbor T h o u s a n d Island P a r k Westminster Park 651 O 16 B ... 446 446 8 . 439 22 284 16 25 449 620 9 377 7 22 1 8 24 2 2 1 1 2 1,343 19 290 11 22 348 1,458 343 61 17 1,419 390 1 295 117 37 224 169 1 24 16 4 1 2 13 24 26 120 Kl ofet W fei' 17 2,264 37 582 2 2 2 38 4 40 i Zfl Castine, Me.:Castine Bucksport Deer Isle Total Champlain, N. Y.: Plattsburg Champlain Chateaugay Cherubusco F o r t Covington Hoeansburc Mai One 1 6 5 12 9 3 70 40 94 12 5 1 14 2 12 204 17 1 16 Kl 9 291 223 386 32 6,607 41 9,406 366 CO TABLE N.—Statement of business of the customs ports for thefiscal year ended June 30, 1913—Continued. Vessels cleared. Vessels entered. E n t r i e s of merchandise. Districts and ports. Foreign. Champlain, N.Y.—Conthiued. M cores J u n c t i o n . . . . Rouse Point Trout River Total 1,625 . Charleston, S. C . . Chattanooga, Tenn Cherrystone,'Va.: Cape Charles Chincoteague. Domestic. 1,625 129 272 Foreign. Domestic. 1,794 1,567 1,794 1,567 79 76 Documents issued to vessels. ConsumpWarehouse. tion. T. & E . 163 20,558 324 20 310 2,599 291 37,740 20 676 50 216 236 59 2 Miscellaneous. Mail. 50 102 2,599 59 102 23 176 85 I O pi H 313 O ^: 313 Total H. Total 117 18 11 6,201 91 46 75 223 2 6 2 6,085 112 51 76 373 22,271 3,010 84 712 43,864 4,164 146 6,413 233 6,324 373 22,271 3,010 84 712 43,864 4,164 102 2,313 552 168 5 15 165 118 46 1,735 192 147 299 960 28 1,781 192 147 299 960 28 Cincinnati, O h i o . _ C o l u m b u s , Ohio Coos B a y , Oreg •*" Corpus Christi, T e x . : Corpus Christi Aransas Laredo v> Total 49 5 47 8 31 2 49 5 47 8 33 160 . . 847 594 642 3,088 1,391 1.077 1,154 660 653 2,887 1,390 1,066 317 3,694 1 552 fei > M a Pi Ul 53' Council Bluffs, I o w a LT. .. Chicago, 111.: Chicago Indiana Harbor Michigan City Waukegan Cuyahoga, Ohio: Cleveland Ashtabula Conneaut Co GO 3 5 25 5,168 27 XAJIdlU 30 46 418 707 19 178 417 619 Total 2,159 6,681 2,664 6,379 • 317 D a y t o n , Ohio • Delaware: Wilmington Lewes Seaford- . 9 2 1 9 116 9 2 1 9 160 3,694 552 8 333 218 1 437 5 25 1 5,168 27 30 160 4 2 44 Total D e n v e r , Colo Des Moiaes, I o w a . . . D e t r o i t , Mich.: Detroit. Gross e Isle Monroe . . Mount Clemens... Trenton Wyandotte . . . . . . ... 1 '. . -. Total Dubuque,Iowa D u l u t h , Minn.: Duluth Two Harbors.. . 2,074 220 40 26 2 51 3,765 1 102 84 2,413 3,760 1 102 83 74 2,.062 215 35 25 6 48 4,026 2,391 4,019 120 73 437 5 745 302 46 28,875 2 25 2 209 3 2,298 1 4 2 1 2,173 80 414 2,707 1,675 648 fei O K^ 21 120 28,925 20 121 209 2,298 648 ,2,707 1,575 141 138 2,301 1,147 268 24 2,402 1,211 553 1,159 21 8 953 341 57 . 447 3,448 292 3,613 553 = 1,159 21 8 953 341 57 Dunkirk, N . Y . Eastern Maryland E d g a r t o w n , Mass.: Edgartown... Vineyard H a v e n . 4 36 5 33 51 51 1 26 51 51 1 26 36 ° 339 550 361 537 92 264 8 o9 Total. . Total Evansville, I n d F a l l R i v e r , Mass Femandtaa, Fla 8 232 . d pi 339 550 361 537 92 272 9 25 44 615 91 21 118 613 3 160 101 24 65 190 15 5 4 4 . . . fei ZP 72 28 36 Total Erie, Pa.: Erie Corry... .. I ;> 344 103 . ZP 137 97 137 97 1 19 21 1 111 1 CO CD TABLE N.—Statement of business ofthe customs ports for thefiscal year ended June 30, 1913—Continued. f^^ Vessels entered. Vessels cleared. Districts and ports. Foreign. Frenchmans Bay, Me.: Ellsworth Mount Desert Ferry Southwest Harbor Total Galena, 111 Galveston, Tex.: Galveston Texas City Velasco Total.--.. Totals 1 8 2 15 30 52 51 82 38 84 9 47 185 38 T. & E. Miscellaneous. Mail. 9 4 13 17 17 o 11 577 38 469 10 768 36 328 86 1,822 58 37 262 40 184 78 203 615 479 804 328 86 1,880 37 302 262 203 1,127 246 1,165 204 5 2,014 498 248 6 27 22 85 1,127 246 1,165 204 5 2,512 254 49 85 18 62 449 2,560 42 22 2,720 .96 1 137 86 244 119 292 510 80 2 3 40 219 836 13 28 52 57 203 381 59 3,580 100 18 4,736 37 59 3,580 100 18 4,736 37 105 220 9 35 88 4 98 Hawaii: Honolulu Hilo Kahului Koloa r Mahukona 4 14 66 LT. 1 Pi H O fei fei -. Georgetown, D.C..Georgetown, S. C Gloucester, Mass Grand Rapids, Mich Great Egg Harbor, N. J Hartford, Conn Total Foreign. .. Genesee, N. Y.: Rochester Charlotte Oak 0rchard Pultneyville Waterloo Houston, Tex Domestic. Entries of merchandise. Documents issued Domestic. to vessels. \ ConsumpWarehpuse. tion. - 137 33 4 274 2 272 148 274 29 11 3 13 150 2 2 1 263 31 13 6 12 153 330 151 1 325 1 O fei ZP . H u m b o l d t ( E u r e k a ) , Cal H u r o n , Mich.: Port Huron Algonac Alpena B a v Citv Harbor Beach Marine C i t v " Marvsville Oscoda R o b e r t s Landins? . Total Ind. Fla Mo Me 197 15 75 10 3 630 152 59 64 6 107 5 756 203 224 101 20 195 1 634 169 53 71 10 100 6 740 248 250 96 18 214 320 13,062 60 1 75 1 1 53 199 5 29 75 49 195 7 34 85 1,277 1,609 1,287 1,692 320 80 161 60 77 268 17 3 Total-...^ •. .- 595 35 116 8 10 560 15 111 136 4 Total Louisville, K y Machias, M e . . . Marblehead, Mass: Marblehead Lynn,. , . , Total 21 49 81 ' 37 234 64 107 1,150 10 110 13,564 26 995 215 1,261 33 22 2,125 1,140 21 49 1,388 42 155 726 1,764 22 24 ZP fej o pi K! 921 3 77 205 17 42 91 2 25 1,480 o fej 3 W fei 746 18 686 140 Knoxvijlft, Tp.nn.. L a Crosse,'Wis Ltacoln, N e b r Little Egg Harbor, N J L o s Angeles, Cal.: L o s Angeles Redondo Beach San P e d r o Santa Barbara 1,140 26 2 ... Key West, Fla.: Key West Boca Grande. Miami Palm Beach.. P u n t a Gorda 2 65 1 1 Saginaw St. Clair Indianapolis, Jacksonville Kansas City, Kennebunk, 6 107 1,001 205 17 42 118 52 2 130 39 1,483 22 107 3,665 6 16,084 362 10 102 489 26 221 81 591 28 231 107 3,666 201 6 6 16,084 503 1 5 920 415 66 657 23 50 70 92 115 102 201 6 2 74 7 i 141 8 62 55 41 8 37 5 41 8 37 5 46 55 ZP d 28 46 1 70 rf^ TABLE N.—Statement of business of the customs ports for thefiscal year ended June 30, 1913—Continued. l4^ to Vessels entered. Vessels cleared. Districts and ports. Foreign. Memphis, Tenn Memphremagog, Vt.: Newport Beecher Falls Canaan Derby Line Island Pond North Troy Total Total Mnwaukee,Wis.: Milwaukee Green Bay Kenosha -. Kewaunee Manitowoc Marinette Oshkosh Raciae Foreign. Domestic. Documents issued to vessels. Consump- Warehouse. tion. 214 570 200 13 106 3 : 9 2 988 493 62 624 753 319 2,079 479 108 371 1,162 345 223 197 17 116 1 2 8 3 10 19 1,346 86 647 992 , 490 73 644 748 320 2,079 478 110 367 1,143 346 225 319 12 35 70 36 8 84 60 18 45 22 11 11 120 , T. & E . 10 Miscellaneous. Mail. 3 57 57 540 16 133 79 16 2,896 5 20 73 3,452 138 99 44 67 188 fei o % o 36 fei > O fei ZP 133 8,006 176 8,015 731 120 13 19 1 5,737 640 364 387 1,724 683 42 20 615 2,782 8 9 5,660 639 360 387 1,722 679 i.43i io i,4i2 2 1 I.T. 26 27,429 570 1,351 527 15,111 2,769 160 392 8,276 721 570 570 Miami (Toledo), Ohio Michigan: Grand Haven Benton Harbor Charlevoix Cheboygan Frankfort . HnllanrI , Ludiagton Manistee Manistique Muskegon St. Ignace St. Joseph South Haven Domestic. Entries of merchandise. 36 87 82 53' ;;; 716 174 Sheboygan Sturgeon Bay Total 36 Minnesota: St. Paul Baudette Gnnflint Tyako. . . Indus International Falls Minnftapolis.... Pine Creek Ranier St. Vincent Warroad ... - Total 12,424 94 12,278 134 134 25 28 1 1 37 37 197 200 . .. 687 687 615 2,782 87, 8 1,322 547 5 7 78 2,379 7 3,620 5,547 197 81 13,709 164 8 • . 82 53 5 83 566 1,138 1,704 639^ 928 1,572 716 174 4,243 980 117 27 2 ZP 4,362 1,007 58 36 5 94 5 1,288 2 fei O ?d 196 196 709 709 1 1 1 1 141 141 550 82 1 3 49 191 632 4 49 4 7 191 8 1,882 681 2 63 63 20 930 1 3 3 2 627 > pi. fei H "P-J > ZP d pi Ki Total N e w H a v e n , Conn N e w L o n d o n , Conn N e w Orleans, L a Newport, R . I 620 799 fei . Montana and Idaho: Great Falls Banff Cottonwood Eastport Gateway Glasgow Peskan Plentywood Porthill Sweet Grass Whitlash Nantucket, Mass Nashville, Tenn Natchez, Miss Newark, N . J New Bedford, Mass 3 2 - Total Mobile, Ala.: Mobile . . . Birmingham 616 842 . . 77 61 29 10 1,272 7 110 2 6 10 367 615 160 51 12 10 1,310 4 22 13 6 334 620 3,656 2 59 158 82 114 168 40 378 186 1,318 202 672 13 7,872 278 1 627 1,288 4 20 18 4 13 1 377 1 2,432 1,754 597 2 137 76 2,773 31 275 9 195 1 •1^ CO TABLE N.—Statement of business ofthe customs ports for thefiscal year ended June 30, 1913—Continued. Vessels entered. Districts and ports. Foreign. Newport News, Va.: Newport News Yorlrtown Total New York, N. Y.: NewYork Cold Spring Total : Niagara, N . Y . : Niagara Falls.. . . Lewiston North Tonawanda Olcott Schlossers Youngstown Entries of merchandise. Vessels cleared. Domestic. Foreign. Documents issued Warehouse. Domestic. to vessels. Consumj)tion. T. & E . Miscellaneous. Mail. 227 1,086 721 160 278 826 10 548 4 4 16 227 1,086 721 160 278 826 10 548 4 4 16 4,647 - 2,888 4,400 2,903 4,005 58 335,691 34,903 69,165 44,337 146,807 271,772 4,647 2,888 4,400 2,903 4,063 335,691 34,903 69,165 44,337 146,807 271,772 6 26,591 20 124 3 15 12 9 949 10,403 14 83 .... I.T. 815 108 151 16 2 346 1 55 27 817 81 151 8 2 380 1 65 28 6 fei Total 1,092 429 1,059 474 6 26,765 9 949 10,403 14 83 211 2,383 1,147 2,045 560 413 2 7 1 25 54 272 62 15 24 38 pi H w Norfolk, Va North and South Dakota: Pembina Ambrose Antler Crosby ' Hannah Hansboro Kermit Mowbray Neche Portal St. John Sarles Sherwood Souris o Q fei '. 499 78 15 82 16 53 6 15 307 2,709 122 25 34 14 ° 6 211 11 1,243 2 727 ZP 14 8 Walhalla Westhope Total Omaha, Nebr 1,630 8 1 4 166 411 .. 589 Total Total 1,015 8 1 750 47 3 157 402 577 Oswego, N . Y . : Oswego Fair Haven 0 n t a r io Sodus Poiat Utica 435 2 999 86 56 3 •1 420 63 4,168 111 319 144 32 758 3,045 315 334 585 781 65 48 1 . 183 1 334 965 66 589 2,018 755 47 8,892 885 227 168 71 795 284 237 30 8 353 104 51 144 20 1,216 290 1,223 287 8 585 50 Zfl fei O Pi fei > 10 11 465 45 176 122 829 45 186 122 o fei w 2 28 36 70 4 fei 1^ P a s o del N o r t e , N . Mex.: E l Paso Columbus Total 2,001 233 141 19 258 272 352 2,234 141 " 19 258 272 352 21 39 110 108 21 39 110 108 fei > ZP d Pi P a s s a m a q u o d d y , Me.: Eastport Calais Lubec Red Beach 986 131 • .. . .1,117 128 5 . 133 • 905 196 125 1 136 115 11 848 1,421 78 . 1,101 126 262 2,347 Patchogue, N . Y 1,256 28 2,797 Paducah K y Parolico ( N e w b e m ) , N . C P e a r l R i v e r , Miss.: Gulfport B a v St. L o u i s Biloxi H e r a Island 217 525 , Oswegatchie, N . Y . : Ogdensburg Hammond Lisbon Louisville Massena . Morristown Nyando Waddiagton.. Total 3,997 . - 120 197 .'. 58 202 49 87 43 147 20 2 5 TABLE N.—Statement of buMness of the customs ports for thefiscal year ended June SO, 1913—Continued. Vessels entered. Vessels cleared. E n t r i e s of m e r c h a n d i s e . Districts a n d p o r t s . Foreign. P e a r l R i v e r , Miss.—Continued. Scranion . Ship Island Total Pensacola, F l a . : Pensacola St A n d r e w s . Total Peoria, 111 Perth Amboy, N. J Petersburg Va . Philadelphia, Pa.: Philadelphia Camden Chester Pittsburgh, Pa P l y m o u t h , Mass . P o r t l a n d , Me P o r t l a n d , Oreg P o r t o Rico: i San J u a n Aguadilla Arecibo Arroyo Fajafdo Guanica Humacao Mayaguez Ponce Total. . . . . . . . . . . . . Foreign. Domestic. LT. T. & E . Miscellaneous. Mail. 87 25 95 11 IS 2 284 83 297 60 295 22 7 221 29 134 3 289 23 73 1 87 158 1 250 137 312 74 87 158 1 96 235 218 120 15 384 2 . 213 166 50 23 62 164 3 436 4,184 798 978 1,290 1,111 122 27,776 2,427 3,105 2,335 31,263 250 1,176 798 978 1,290 1,233 27,776 2,427 3,105 2,335 31,263 250 42 586 20 388 1,050 8 254 112 6 429 • 912 3 229 160 2,946 17 559 2,193 118 10 309 14 25 131 8 16 200 8 141 1,244 179 13 154 2 2 2 27 6 4 54 87 219 14 14 18 12 18 11 68 43 79 3,324 88 154 66 45 22 18 628 .1,328 39 38 30 716 183 3 25 3 5 46 74 249 11 6 19 8 14 13 49 57 6 9 3 '3 24 61 5 9 323 426 338 417 79 5,673 54 41 33 801 197 1,176 Total. . . Domestic. Documents issued to vessels. C o n s u m p Warehouse. tion. 163 4 • 1 332 o pi H O 337 126 W fei > a fei ZP Portsmouth, N, H Providence, R. T P u g o t Sound, Wash.: Port Townsend A berdeen Anacortes Behingham Blaine Chopaka Danville Everett Ferry. Friday Harbor Kalama Laurier Molson Northport OroviUe P o r t Angeles Roche Harbor Seattle South Bend Spokane S u m a s ...Tacoma Total • 18 43 419 10 30 3 436 32 46 . 22 2,014 217 61 176 146 129 200 81 16 26 3 298 70 145 120 118 155 38 21 42 10 925 36 22 57 26 5 114 1 2 5 34 4 67 101 2,611 173 31 41 49 11 ' 112 . . . • 8 7 344 5 97 290 15 76 1 4 10 3 3 7 55 47 94 10 17 41 1 18 1 5 3 1 3 3 35 4 14 6 13 7 7 ZP fej 2 4,495 120 12,800 1,405 Pi O fej 393 169 2,376 6 420 107 2,624 13 1 185 1,160 1 1,155 3 369 348 48 292 11 86 1 6,619 149 336 127 227 491 1,051 1,617 4 10 54 1 271 2,740 3 8 129 2,434 398 2,333 172 21 582 4,219 1,667 4,423 1,585 1,706 13,686 330 7,851 322 17,653 2,447 33 334 33 334 -. * 146 4 247 o H t> W 9 R i c h m o n d , Va^: Richmond West Point 1 23 29 477 87 Total 1 52 477 87 R o c k I s l a n d , 111 Sabine, Tex.: Port Arthur Sabine ' Total Saco, Me Sag Harbor, N. Y St. Augustine, Fla S t . J o s e p h , Mo S t . L o u i s , Mo S t . M a r k s (Cedar K e y s ) , F l a S t . M a r y s , Ga fei 158 > 178 123 93 37 259 131 15 201 66 93 301 130 390 15 201 159 1 1 1 10 71 3 127 40 6 3 14 281 5,395 2 30 6 11 1 1 22 3 1 Porto Rico figures are not iacluded in grand total. ZP d w 31 5 438 5 .. 15 3 8 43 7,252 48 47 rf^ TABLE N.—Statement of business of the customs ports for thefiscal year ended June 30, 1913—Continued. GO Vessels entered. Vessels cleared. Districts and ports. Foreign. Salem and Beverly, Mass.: Salem Beverly Danvers Total... Domestic. Foreign. , Documents issued Warehouse. Domestic. to vessels. Consumption. 57 1 15 27 37 57 1 15 27 37 Salt Lake City, Utah Saluria, Tex.: Eagle Pass Boquillas Del Rio....^ Langtry Presidio San Antonio 88 345 209 298 148 23 133 2,109 6 47 1,078 67 305 495 1 1,009 71 5 1 47 21 2 106 258 4 88 1,505 57 67 306 543 1 108 30 844 4 266 44 87 21 921 22 82 105 17 6 14 1 209 298 148 30 1,245 22 966 48 54 - 4 130 1 685 252 277 72 298 41 1,038 97 57 1 130 3 615 187 279 60 298 27 75 760 2 1,203 1,625 1,326 1,466 75 2 22 1 . 787 hj O Pi H O H K fei > "A o fei zsi 345 Miscellar neous. Mail. 206 Total. Total..... T. & E. 63 60 10 Sandusky, Ohio: Sandusky Huron Kelleys Island Port Clinton Put-ia-Bay Vermilion '. LT. 23 63 Total San Diego, Cal.: San Diego Andrade Calexico.. Campo Tia Juana Entries of merchandise. 921 39 88 119 1 39 23 1 39 23 ' S a n F r a n c i s c o , Cal.: S a n Francisco Casper Fort Bragg Mendoctao City Monterey. Noyo.:.......Oakland Port Hartford Total Pavanna,h, Ga Sioux C i t y , I o w a . . . . . Sprtagfield, Mass Rtonington, T o n n . . . Superior, Mich.: Marquette Allouez B a y Ashland Bayfield « DeTour Escanaba Gladstone Houghton Isle Royale.: • Lake Linden Mackinaw , . .. Menominee Mnnisinf , . . . , , . . , Ontonagon...-. Presque Isle.. S a u l t Ste. Marie Superior Washburn Total 582 794 1,658 580 2 1,353 Total T a p p a h a n n n n k ^ Va. , _ T e c h e ( B r a s h e a r , n o w Morgan C i t y ) , L a . 2,474 5,802 2 1 446 21,203 2 22 49 17 26 620 118 2 44 214 117 45 98 28 54 20 202 .... 821 633 1,681 1,379 21,424 2,474 5,802 689 - 180 628 55 508 100 570 7 16 20 7 2 6 86 107 19 912 120 9 167 1,288 674 91 178 766 49 208 58 94 1,186 496 11 12 281 443 1,431 82 1,749 7,515 107 28 72 .70 44 102 38 66 23 176 3 59 7 1 87 885 71 10 211 1,097 618 87 173 767 63 222 30 100 1,172 513 10 12 215 481 1,510 78 1,951 7,359 73 1 2 3,002 1 139 38 • 446 89 21,203 3,003 4 24 923 23 68 5 57 fei 63 35 45 .> 45 1 5 288 . O hrj 21 1 3,089 2 517 3 360 4 971 60 27 677 8 980 150 751 2 29 104 39 95 121 196 3 2,730 36 633 70 21 142 94 259 261 143. 216 199 2,766 633 70 21 142 94 2 fei p^ 72 2,534 396 94 167 11 pi fei H 78 137 122 ====== ZP o 1 Syracuse, N . Y Tampa, Fla,: Tampa Port Tampa S t . Petersburg..Sarasota T a r p o n Springs 21,285 3 1 2 2 fei > d ZP pi 198 94 = = = CD TABLE N.—Statement of business of the customs ports for thefiscal year ended June 30, 1913—Continued. Vessels cleared. Vessels entered. Foreign. Vermont: Burlington. Alburg . East Alburg East Richford Franklin Highgate Richford St Albans Swanton West Berkshire Wiadmill Poiat Domestic. Foreign. 54 .. . Total 3 37 138 91 3 113 Wheeling, W. Va Wilmiagton, N C. Wiscasset, Me.: Wiscasset Boothbay Total 35,260 2 150 Miscellaneous. Mail. 71 1 20 135 265 227 1,731 2,408 94 2 117 1 241 494 2 158 492 4,289 165 I hrf O o 857 •^ -, 1 4 116 33 203 4 80 5 1 2 1 120 236 84 5 1 2 63 39 32 96 191 78 2 134 5 9 > o ii ZP 34 3 11 37 17 41 4 34 3 11 37 58 4 126 5 3 Yaquina (Newport), Oreg York, Me Grand total 24 T. & E . fei 4 109 Total 161 12,073 251 . 33 196 403 8,751 12,746 92 554 LT. 6 Vicksburg, Miss . . Waldoboro, Me.: Waldoboro Rockland 24 ... 138 o. Entries of merchandise. Documents issued Warehouse. Domestic. to vessels. Consumption. Districts and ports. 0\ 135 43,097 82,157 1 46,417 82,090 27,211 15 73 4 4 1 1 13 • 825,283 56,582 111,633 98,815 364,967 302,581 fei . [Extension of items.] C u s t o m s receipts. V a l u e of i m p o r t s . V a l u e of exports. D i s t r i c t s And p o r t s . Dutiable. Alaska: Juneau Cordova Eagle Fairbanks F o r t y Mile Ketchikan Nome St. Michael Skagway Sulzer Unalaska Wrangell $360,630 $621,641 $1,473,669 Excess deposits refunded. S207.62 Drawback paid. $8.10 13.15 Total Albany, N . Y Free. : 360.630 621,641 1,461,410 848,855 1,473,669 Estimated duties. D u t i e s , in- Increased a n d F i n e s , p e n c l u d i a g fines alties, a n d additional on m a i l imforfeitmres. duties. portations $4,695.93 1,286.50 1,226.56 $30.40 18.00 26.16 $11.42 18.64 10.10 707.46 11,210.31 6,428.75 10.50 2,653.59 148.50 2,417.40 1,326.31 8.40 24.41 12.00 612.90 16.20 220.77 8.10 32,111.81 237.40 2,581.94 37,541.22 518,104.50 1,126.08 671. 96 3,932.94 $954.34 240.00 115.63 1,355.31 592.72 208.99 590.57 542.18 204.48 2.70 46.00 4,804.22 580.15 1,110.05 ZP fei O W fei > pi O fei W fei > ZP d Total 11.00 118.03 Albemarle, N . C : E l i z a b e t h City Edenton Manteo Alexandria., V a A n n a p o h s , Md $35.00 AU o t h e r customs receipts. 3.75 Pi' Ki TABLE N.—Statement of business of the customs ports for thefiscal year ended June 30, 1913—Continued. to V a l u e of i m p o r t s . V a l u e of exports. Districts and ports. Dutiable. Apalachicola, Fla.c Apalachicola Carrabelle Total Customs receipts. Free. $10 $705,258 146,302 10 851,560 Excess deposits refunded. Drawback paid. Estimated duties. .. D u t i e s , in- Increased and Fines, pencluding fines additional alties, a n d on m a i l imduties. forfeitures. portations. AU o t h e r customs receipts. $6.26 $11.00 2.00 6.26 13.00 • Arizona: . ; Nogales. DouglasLochiel.... Naco Yuma 739,083 466,148 - 1,848 278,541. . - 6,922 361.41 7.80 $4,265.84 2,859.12 2.44 371,974.33 371.65 3,712. 74 1,059.87 4,643.97 5,002.12 1,226.94 781.89 493.03 1,081.57 3,518.38 7.30 5.95 21,520.51 . 9.80 77. 70 3,954.57 1,114.25 131,619.92 6,590.05 81,695.36 4,387,633.08 20. 98 2,112. 65 12,327.06 392. 40 633. 62 26,696.69 75.00 116,476,088 74.70 187.01 32,402.29 451.65 3,173.56 9,020.71 20,083 31.59 23.32 2,896.02 7.00 6,797.75 LOO 1,391,761 998.547 $3,653.71 715.29 5,308,167 1,918.45 14.90 1,492,542 20,877,080 7,698,475 6,302.35 Aroostook, Me.': Houlton. Bridgewater F o r t Fairfield Fort Kent. Limestone Madawaska Mars HUl Monticello V a n B u r en 20,369 3,334 28,931 20,957 3,012 2,922 1,692 3,507 20,004 50,936 1,698 58,393 6,189 800 2,055 2,663 604 325,318 47,025 1,174 7,761 • 2,136 Total 104,628 448,556 63,173 13,350 315,129 18,060,139 66,445 9,090 14,865,563 952,095 28,744 68 8,078 Total. Astoria, Oreg A t l a n t a , Ga . B a l t i m o r e , Md Bangor, Me.: Bangor i Danforth Frankfort $92.71 $188,088.74 117,074.20 332. 73 64,516.69 .1,961.97 $3,908,061 3,731,834 90 13,237,095 92.71 215.71 10.00 345.20 $4,837.67 1,151.49 97.80 1,043.00 7,470.16 7,129.96 225.71 499.62 1,113.85 o pi' o"^ B W feii .... LOO 4.95 4,002 1,075 75.00 2.70 287.95 1,343.00 243.00 1,455.00 fei; • .40 Ct fei Zfl i26.66 2.50 2,615.72 504.26 Hampden Lowelltown Moose R i v e r St. John Vanceboro Halifax '. Total.... B a r n s t a b l e , Mass.: Barnstable Chatham Hyannis. .. Provincetown Total . Bath, Me. . Beaufort N C . . Total Belfast, Me.: Belfast Rockport Stockton Springs... Vinaihaven Brazos d e Santiago, T e x . : Brownsville Brazos Edinburgh Rio Grande C i t y . . . ' 58,558 28,665 23.21 2,733,496 1,443,981 2,092,919 22.30 2,850,091 1,537,457 2,200,225 77.10 763 575 763 4,476 11,490.70 7,988.92 25.05 1.04 340,654.00 951.56 893.09 78.20 977.70 893.09 582.46 363,036.64 6,798.79 7,836 80.69 29.00 12.50 575 7,836 80.69 29.00 12.50 116,175 3,000 257 *23.32 12,115.83 17.04 701.78 2.25 .38 ZP fei O pi fei 5 2.25 5 2.25 P^ Kj h3 ° B o s t o n a n d Charlestown, Mass.: Boston Cambridge Dorchester T Hingham Hull Newburyport Qnincy Weymouth Worcester Total 83,288 2,110 > Beaufort, S. C : Beaufort Port Royal Total 54,014 33,709 2,957 1,834 3.36 6,905 7,787 1,555.97 6,905 12,578 1,559.33 70,672,633 75,147,345 fe3 1-5 > 69,526,269 238,562.88 240,279.87 23,472,678.29 112,228.97 204,783.56 3,161.34 52,455.84 . 189,416.70 156.17 • 1,562.89 23,662,097.99 112,385.14 206,346.45 903,962 213,529.10 55.76 1,573.03 9,990 1,765 1,890.64 1,185.49 581,497 199,594 3,078 75,346,939 69,529,347 757,675 476,006 10,882 7,234 2,050 437 238,562.88 240,279.87 d Pi 5.47 3.00 71,254,130 Zfl 336.70 3,161.34. 688.25 139.00 583.85 52,798.01 1 122.35 CTI CO TABLE N.—Statement of business of the customs ports for thefiscal year ended June 30, 1913—Continued. •1^ Value of imports. Customs receipts. Value of exports. Districts and ports. Dutiable. Brazos de Santiago, Tex.—Continued. Roma . . . ^ Santa Maria Total Bridgeport, Conn.: Bridgeport Greenwich. Norwalk Stamford Total Bridgeton, N. J Bristol and Warren, R. I Free. Excess deposits refunded. Drawback paid. Estimated duties. Duties, inand Fines, pencludiag fines Increased additional alties, and on mail imduties. forfeitures. portations. AU other customs receipts. $1,231 180 $777 $5,005 $256.00 46.00 $7.50 777,202 479,270 920,722 216,907.23 63.26 $1,573.03 2,161.30 $1,122.35 993,422 23,662 117,009 43,138 40,483 4,711 75,632 196,257 $1,455.00 35.00 149.93 276.31 $99.07 334,802.95 4,381.20 38,750.78 7,338.65 148.06 1,029.92 38,313.96 85.64 1,177,231 317,083 1,916.24 99.07 385,273.58 150.64 45,800.40 26 2.58 $312.45 437.75 38,313.96 85 64 fei 15.84 Brunswick, Ga.: Brunswick Darien 10,147 109,295 9,126,510 251,421 545.34 2,373.41 11.06 55.40 342 12 Total 10,147 109,295 9,377,931 545.34 2,373.41 11.06 55.40 342 12 8,530,817 5,988,149 65,378,183 12,203.42 1,367,211.88 .1,957.18 2,058.11 12,432.29 Buffalo Creek, N . Y . : Buffalo Black Rock Ferry Lackawana Night Clearance North Buffalo Tonawanda ;> o fei ZP 21,297..84 , Total Burlington, Iowa Burhngton, N. J Cairo, IU pi o 150.79 1,180.71 o "... 8,530,817 5,988,149 589 274 65,378,183 ^ • • 322,017.24 5,001.54 21,297.84 12,203.42 1,100.01 11 957 58 1,100.01 11,957.58 • 4,112.25 1,696,187.84 2,058.11 265.05 165.50 25.95 16,544.54 72.63 Cape Viacent, N . Y,: Cape V i n c e n t Alexandria Bay Chaumont Clayton • Grindstone Island Kingston MUlers B a v R o u n d Island ° Sacket H a r b o r Thousand Island P a r k . . W^estminster P a r k Total 150,800 • 17,813 307 19,421 2,678 32,194 2,075 221,027 3,088 500 2,927 92 3 881 376 701 269 192,191 39,007 Total 9 Charleston, S . C Chattanooga, Tp,nn_Cherrystone,' V a . : Cape Charles Chmcoteague .18 16.15 12.80 15.10 18.60 1.44 ' i67. is .75 36.23 166. 66 28,384.29 223,954 0 44.83 36.41 15.15 _ 35.45 ZP 1 8 Total 44.83 6.80 Casttae, Me.: Castine Bucksport.. Deer Isle Champlain, N . Y.: Plattsburg Champlain Chateaugav -. Cherubusco Fort Coviagton Hogansburg Malone ^ Moores J u n c t i o n Rouse Point Trout River 21,694.64 2,772.68 101.60 3,296.01 225.53 5,330 4,970 551.69 1.02 4.01 10,300 551.69 5.03 1,806.78 1,076.95 2,165.50 142.90 176,549.06 . 995.77 236,538.34 1,358.98 331,221.29 1,269.20 35.39 fei o pi fei H 1,782.78 15 9,997 30,730 2,858 487,779 3,433 1,440,431 9,097 2,959,837 23,088 595,190 1,185 1,734,565 6,381 3,782,438 196 14,681,879 4,967,265 6,129,760 29,768,183 1,782. 78 19,255 20; 323 4,754,900 36,997 13,511,857 14,488 1,048.13 25,378,127 7,159,152 4,868,352 105,935.84 25,378,127 7,159,152 4,868,352 105,935.84 80,545.12 724 9,081 > Pi K-J 355.00 120.74 o 361.01 fei i4,6i3.55 14.00 50.00 fei 92.14 3,773.14 57.4i Pi 753,124. 77 127.53 17,916.56 837.42 9,269.16 7,519.05 103.40 69.01 534.19 13,206.39 66,710. 70 10,561,912.47 136,130.09 137,680.13 3,954.58 11,864.78 66,710.70 10,561,912.47 136,130.09 137,680.13 3,954.58 11,864.78 694,497 14,391,807 80,545.12 129.87 fei > 120.74 ZP 528.10 76.10 Pi Ki d- Total Chicago, IU.: Chicago Indiana Harbor Michigan City Waukegan Total ox TABLE N.—Statement of business ofthe customs ports for thefiscal year ended June 30, 1913—Continued. Customs receipts. V a l u e of i m p o r t s . V a l u e of exports. Districts and ports. Dutiable. Free. Excess deposits refxmded. $2,408.21 1,200.68 $1,235,255 303,847 $1,092,732 60,706 Corpus Christi, Tex.: Corpus Christi Aransas Laredo 1,215,419 430,296 662,290 $2,013,222 8,518,219 571.25 Total.... 1,215,419 1,092,586 10,531,441 571.25 53,826 69,845 3,759,051 616,465 Cincinnati, O h i o . . . . Columbus, Ohio Coos Bav. Oreg Cuyahoga, Ohio: Cleveland Ashtabula .. ... . . . . 12,353,703 3,131,715 2,844,730 194,259 2,475,602 7,899.75 21,000,009 7,899.75 3,759,051 616,465 Dayton, Ohio. 107,179 99,076 Delaware: Wilmiagton Lewes Seaford 537,298 2,955,805 3,457 637,298 2,955,805 3,457 344,289 90,551 178,020 25,823 4; 055,755 288 1,033 5,152,864 250 370 205 Total Total .: D e n v e r , Colo D e s Moines, I o w a Detroit, Mich: Detroit Grosse Isle Monroe , M o u n t Clemens Estimated duties. Duties, inand Fines, pencludiog fines Increased additional alties, and on mail imforfeitures. duties. portations. AU other customs receipts. $768,134.95 146,803.03 $480.09 198.93 2,764.65. 252,155.29 3,316.51 3,85L66 $5,566.05 184.40 1,144.55 2,764.65 252,155.29 3,317.01 3,85L66 5,566.05 1,328.95 23,965.82 1.25 1,601,301.35 16,357.19 14,595.80 1,189.81 3,520.88 $9,089.79 $6,031.35 1,451.09 $1,150.02 16.20 .50 CouncU Bluffs, Iowa Connp.ant Fairport Lorain Drawback paid. 1,993.46 .05 1,993.46 448.28 3,315.11 448.28, 1,601,301.35 16,357.19 14,595.80 115,722.24 87.42 792.29 231.94 52.00 5,286.00 270.52 62,706.21 • 1,189.81 3,520.93 3,315.11 • 62,706.21 52.00 5,286.00 270.52 169.62 174,174.05 45,009.44 3,932.81 292.36 1,649.33 225.86 29.60 19,788 1,433.11 167.21 62,222,302 8,007.53 9,699.30 6,903.36 24,437.48 2,197,686.00 42.70 63.25 _ 1,438.24 9,811.51 O pi H O fei fei a fei ZP Trenton Wyandotte i42' Total D u b u q u e , Iowa D u l u t h , Mian.: Duluth. Two Harbors Total.;...'... Dunkirk, N . Y . Eastern Maryland. E d g a r t o w n , Mass.: Edgartown Vineyard Haven i4.*38' 8i7' 62,222,302 8,007.53 9,699.30 24,437.48 1,438.24 16.50 178.51 206.46 4,230.34 66.13 14,252.28 43.00 149,740.92 206. 46 4,230.34 66.13 14,295.28 3,136.72 84.67 2,197,806.33 4,057,218 5,154,506 41,295 22,984 956,608 320,944 2,864,530 2,472.96 12.08 149,740.92 956,608 320,944 2,864,530 2,472.96 12.08 8,750 5,294 6,903.36 21,734.69 82.54 i 82.54 w 12.50 15.00 pi Kj 27.50 ofei ^5 Total Erie, Pa.: Erie Corry " Total EvansviUe, I n d . . . . . . F a l l R i v e r , lyfass Fernandina, Fla F r e n c h m a n s B a y , Me.: Ellsworth . M o u n t Desert F e r r y Southwest Harbor 43,389 13,162 183,761 820,093 56,551 183,761 820,093 72,351 195,405 7,249 12,739 43,513 68,292 17.00 393.62 7,168,535 Total 32.11 5.62 15,564.24 11,152.52 172.51 26,716.76 172.51 37.73 144,960.06 50,316.11 4,589.79 14.20 73.53 273.17 191.97 34.89 16.70 31.00 . 35,149 35,149 11.68 3.42 4.20 15.10 4.20 Total Oenesee, N . Y . : Rocnester Charlotte Oak Orchard Pultneyville Waterloo . . . fei 't d ' G a l e n a , 111 Oalveston, Tex.: Galveston T e x a s City Velasco Total 9,8n.51 Kl 2,823,137 202,431 4,889,070 448,202 239,010,811 42,606,930 7,038.22 121.71 45,527.72 1,174,539.60 11,750.89 368.02 29,330.47 137.88 305.16 4, OOL 97 30.00 3,025,568 5,337,272 281,617,741 7,159.93 45,527.72 1,186,290.49 368.02 29,468.35 305.16 4,121.97 1,396,549 59,922 486,650 177,837 2,442.27 2,736.40 566,154.63 8,072.59 290.09 22,741.56 922.27 2,918,379 1,456,471 664,487 2,918,379 2,442.27 2,736.40 574,227.22 / 290.09 22,741.56 1,222.27 300.00 .: • -a TABLE N . -—Statement of business of the customs ports for thefiscal year ended June 30, 1913—Continued. V a l u e of i m p o r t s . Customs receipts. Value of exports. Districts a n d p o r t s . Dutiable. "Georgetown D C •Georgetown, S . C Gloucester, Mass G r a n d R a p i d s , Mich •Great E g g H a r b o r , N . J H a r t f o r d , Conn ,..,.,....-,,. Hawaii: Honolulu Hilo Kahului Koloa Mahukona Total -Houston, T e x H u m b o l d t ( E u r e k a ) , Cal H u r o n , Mich.: Port Huron Algonac Alpena B a y City H a r b o r Beach Marine City MarysviUe Oscoda Roberts Landing Rogers Citv T Saginaw St. Clair Total Indianapolis, I n d Jacksonville, F l a K a n s a s City, Mo K e n n e b u n k , Me .Free. Excess deposits refunded. Drawback paid. Estimated duties. $528,819 232,067 224,915 1,693 113,941 984,868 1,391,691 4,467,904 2,257,463 24,655 15,254 4,411 103,844 4,512,224 2,361,307 441,489 8,328 23, cS32 1,608,378 2,629 951 592,368 4,361,945 1,322 37,019,732 778 220,153 24,276 32,682 40 2,162 27,865 601,461 6,355 17,984 2,708 1,193 39,665 2,844,994 4,386,899 37,333,029 31,590.14 8,729.30 395,048.95 81.42 407,569 117,243 1,360,232 363,599 1,252,836 671,401 . 2,448,273 215,508 • 1,700.00 102.96 2,214.83 616.94 248.58 231,433.10 34,-200.91 705,089.68 294.96 1,648.73 9,023.78 $18,908 750,503 4,180 10,008 764,691 - D u t i e s , ia- Increased a n d Fines, pencluding fines additional alties, a n d on m a i l i m duties. forfeitures. portations. $673,551 A l l other customs receipts. $6,824.45 $297,856.36 $8,087.79 $3,165.74 $566 03 621.76 559. 36 1,750. 35 290. 64 976.94 3,206.05 373,234.47 13.06 79.99 112.35 319.13 2,000.00 $822.20 44,925.72 121,077.33 13,544.59 9,380.14 1,764,903.56 12,761.42 35,202.57 9,380.14 13,544.59 751.43 31,590.14 8,729.30 — 843 75 2,864.05 36.45 1,775,519.59 12,761.42 35,239.02 85,141.65 1,098.50 73.49 33. 60 868. 57 2.70 309,676. 75 250.99 59.50 36,651.56 8L42 3,56L12 " 3,100.24 1.60 145 $233.50 4,339.63 5,134.58 4,739.85 741. 60 652,612 130 .. on 00 6,988.01 2.00 36 00 2,864.05 7,026.01 71 749 79 .961.91 4 492 87 3,561.12 961. 91 5,332.87 3,155.93 201. 72 4,937.83 73. 65 1,187.01 268. 42 5,829.75 c>- 33.03 44,817.14 458.14 840 00 K e y West, Fla.: Key West Boca Grande Miami P a l m Beach P u n t a Gorda Total Knoxville, Tenn L a Crosse, W^is Lincoln, Nebr Little Egg Harbor N . J . L o s Angeles. Cal.: L o s Angeles Redondo Beach San Pedro Santa Barbara • Total 417.20 520,489.66 2.07 243.56 152.53 6.45 20.79 2,869.34 6,197.29 8,478.64 30.00 824,511 64,320 5,107,930 315.22 417.20 620,735. 29 179. 77 2,869.34 6,197.29 8,508.64 16,315 844 6,533.60 16.80 113.62 139.40 24,773 59,621 1.3,531.86 293.22 143.30 970,923 563,916 40,643 709,589.05 7,506.25 19,875.21 612,681 600,081 212,919 1,583,604 1,163,997 253,562 12,197.86 466,949 9,724 398,260 14,539 9,233 250 690.13 13.16 59.70 Total M e m p h i s , Tp.nn Memphremagog, Vt.: Newport..' Beecher FaUs Ca.nfi.a"n Derby L i n e . . . 1 Island Pond North Troy: 1 Total M i a m i (Toledo) Ohio . 12,197.86 456.19 201.12 4,656.11 456.19 i Q bd 37.65 N . 709,626.70 7,506.25 19,875. 21 218,430.39 674.83 2,589.91 793.45 9,082.06 10.47 105.77 201.12 4,656.11 835.30 ^ Pi H ofej M a r b l e h e a d , Mass.: Marblehead T,ynn 4,634,043 439,332 34,555 • •. LouisviUe, K y Machias, Me Michigan: Grand Haven Benton Harbor Charlevoix Cheboygan Frankfort HoUand Ludiagton 56,079 3,882 4,359 315.22 4,523 819,988 ... 93,074 3,088 72.37 1-3 65.54 fei 93,074 3,088 72.37 9,082.06 116. 24 65.54 171,892 8,669 167.97 79,461.15 122.47 1,267.86 1,602,213 41,125 2.480 64,517 1,086.939 71,476 2,537,680 546,704 16,262 26,084 1,954,931 21,658 23,459,374 69,485 211,697.44 5,495.14 269.20 5,457.80 127,671.97 6,99L78 148.98 4,825.98 39.21 3.44 352.30 547.43 21.30 2,868,749 5,103,319 25,546,185 668.19 2,801.98 357,583.33 152.42 5,786.22 544.05 48.22 675,629 223,451 1,378,549 2,290.94 23. 72 135,246.67 162.91 1,352.42 111.25 429.65 56,475 23,536 6,140.71 36.98 8.52 ^ 2,017,326 530.78 2,80L98 128.41 9.00 364.00 456.45 14.71 L36 87.60 3L02 1.13 H ;> Ul d . Kiw 186,539 82,143 h-l 6,498 cn CO TABLE N.—Statement of business of the customs ports for thefiscal yeaf ended June 30, 1913—Continued. o Customs receipts. V a l u e of i m p o r t s . V a l u e of exports. Districts a n d p o r t s . Dutiable. Michigan—Continued. Manistee Manistique Muskegon St. I g n a c e St. J o s e p h South Haven Total Milwaukee, Wis.: Milwaukee Green B a y Kenosha Kewaunee Manitowoc Marinette Oshkosh Racine Sheboygan Sturgeon B a y Total Minnesota: St. P a u l Baudette Gunfliat Lake Lidus I n t e r n a t i o n a l Falls Mianeapolis P i a e Creek Ranier St V i a c e n t Warroad Total Free. Excess deposits refunded. Drawback paid. Estimated duties.- D u t i e s , in- Increased a n d Fines, p e n c l u d i a g fines alties, a n d additional on m a i l i m forfeitures. duties. portations. AU o t h e r customs receipts. $84,483 4,675 49,647 - $56,475 $23,536 413,985 $6,140.71 $36.98 $8.52 735,855.09 1,109.96 6,172.09 .. 1,961,489 2,831,659 215,648 $2,969.15 $1,341.67 hj O pi H O $3,706.95 $2,582.62 > "A o 1,961,489 2,831,659 215,648 884,004 25,009 2C1 194 2,232 3,255,633 176 489,908 534,483 32,255 832,247 66,113 274,200 6,465 9,513 467,303 523 502,109 2,637,751 12,531 8,256,516 33,083,982 729,532 3.83 16.00 5,224,095 4,534,615 42,353,975 15,104. 58 . 9,745 2,969.15 1,341.67 735,855.09 1,109.96 6,172.09 3,706.95 2,582.62 3,166.58 5,846.76 418,948.75 2,079.71 36.67 24.40 402.80 828,570.14 35.54 35,858.44 34,375.81 2,438. 20 10,107.36 2,265.07 • 31.89 678.25 5,086.24 10.00 1,322,770.46 4.24 11,913.93 5,846.76 " 422.91 10,730.07 3.85 52.25 15 63 85 246 41 L90 84.66 2,214.77 4.40 40.05 2.75 57 50 15 00 10,532.17 15,326.46 781 55 1 ' ^ 470 i.f; "''"""" fei zn Mobile, Ala.: Mobile Birmiagham 330,241 16,892 3,328,260 602 27,823,750 Total 347,133 3,328,862 27,823,750 5,588 240 410,376 1,683,831 3,810 27,961 3,997 1,977 48,492 2,186,272 415,358 46,173 11,388 1,003,110 204,485 397,936 16,705 26,759,207 88,419 750,865 235,152 • 79,037 30,906 55,639,893 100,449 731,675 58,806 842,636 15,603 171,391,831 1,712,836 558,546 Montana and Idaho: Great Falls Ranff . Cottonwood Eastport Gateway Glasgow Peskan Plentywood PorthiU Sweet Grass Whitlash Total N a n t u c k e t , Mass Nashville, Tenn N a t c h e z , Miss .' Newark, N . J N e w Bedford, Mass New Haven, Conn. N e w L o n d o n , Conn N e w Orleans, L a Newport, R. I Newport News, Va.: Newport News Yorktown . ... 1,663.93 63.99 6,428.70 76,496.81 9,821.77 155.81 62.50 331.49 197.96 77.08 3,526.03 34 69 6,428.70 86,318.58 218.31 529.45 77.08 3,560.72 9,031 173.29 2,457.20 2,165 148,735 76,797 425 3,438 25,436 681 148,650 13,620 672,620 662.62 74,688.51 279,104. 37 1,025.25 7,527. 70 1,187. 26 220.42 10,314.31 4,576,355 374,903.73 2,457.20 2.00 18,731.89 128.10 298,679.68 42,354.50 127,975.00 1,585. 99 11,465,240.86 39,205.16 72.02 2.44 762. 79 87.62 169.56 100. 78 9,386.95 87.56 127,261.85 1,562.24 1,667.20 60.00 10.00 3,951.02 1,727.92 3,509,688 339,248 41,179 1,415.27 455.35 618.87 817.80 482.50 2.00 o 247.21 1 875.30 2,813.00 32,178.28 4, i99. 63 322.01 1,934.43 ' 2,894.19 54,092.57 274.40 75,410.05 13,602,993 2,067.43 2,537.95 325,266.52 16.55 4,805.41 97.00 2,602.18 2,5.37.95 325,266.52 16.55 4,805.41 97.00 2,602.18 1,712,836 558,546 13,602,993 New York. N . Y.: New Y o r k Cold S p r i n g 495,681,368 552,651,547 917,960,810 2,750,452 66 3,235,554 42 201,357,440.24 678,6.16.76 1,266,667.49 733,864.86 279,087.45 Total 495,681,368 552,651,547 917,960,810 2,750,452.66 3,2.35,554.42 201,357,440.24 678,616.76 1,266,667.49 733,864.86 279,087.45 1,690,871 2,530 1,392,970 150 36,557,869 22,524 333.03 27,002.64 391,587.79 639.02 75,312.75 18.15 40.38 1,912.40 38L79 7,379.21 977 2,428,625 13,940 362,219 50 103,758 12 3,087,498 2,908,604 36,580,914 333.03 27,002.64 467,702.42 40.38 1,912.40 381.79 7,379.21 .. Niagara, N . Y . : N i a g a r a Falls Lewiston North Tonawanda Olcott Schlossers Youngstown Total . .. .. > 19.40 2,067.43 Total pi fei H Pi 78.34 • 575.66 240.00 7.21 fei Pi fei > ZP d 144.71 521 K! TABLE N.—Statement of business of the customs ports for thefiscal year ended June 30, 1913—Continued. to C u s t o m s receipts. V a l u e of i m p o r t s . • V a l u e of exports. Districts and ports. Dutiable. Norfolk Va North and South Dakota: Pembiaa Ambrose. Antler CrosbyHannah \ Han.sboro. Kermit-,,., Mowbray. Neche Portal St. J o h n Sarles.... Sheiwood Souris WalhaUa Westhope. ... Total Omaha, Nebr Oswegatchie, N . Y . : Ogdensburg Hammond Lisbon. Louisville Massena... Morristown Nyando.. Waddiagton Total Oswego, N . Y . : Oswego Fair Haven Free. Excess deposits refunded. $116,179 $1,998,881 $16,394,415 $428. 61 40,654 13,286 1,378 4,155 1,145 2,624 604 204 38,719 508,019 2,460 1,526 11,178 833 977 10,112 106,626 2,835 1,198 3,975 465 115 780 3,917 43,661 4,115,886 50,426 7,884,251 679.32 1,295 384 2,036 42,621 637,874 4,333,599 26,217,666 434,883 337,245 1,564,893 1,304 13,584 14,522 1,000 28,429 375,236 11,142 17,939,312 845 2,905 1,053 1,850 21,405 1,229,433 74,372 2,010,110 635,921 Drawback paid. $833.73 1,258.27 1,482,857 16,240,030 567,907 .Estimated duties. D u t i e s , in- Increased a n d F i n e s , pen- . AU other c l u d i a g fines alties, a n d customs additional on m a i l i m forfeitures. receipts. duties. portations. $47,580.71 $44.32 $1,505 23 4,462.15 2,921.63 562.13 1,139.69 283.65 663.80 190.90 64.99 4,713.81 94,942.63" 546.86 401.95 3,690.55 285.88 98.01 2,218.07 65.21 2.47 fei H 244.20 204.62 25.43 59.39 25.00 555.35 fei. 148.45 5.90 26.98 > 118.75 117,186.70 90.64 478.27 158.09 1,650.79 139,089.55 2,289.91 245.39 4,322,346 65 325 1,588 1,200 30,297 2,485,532 11,260 1,015.45 3,394.70 119,038.36 75.08 685.04 813.11 184.08 3,322.25 54,394.09 897.77 89.37 708.38 .40 6.18 6.25 2,423.72 19,271,175 6,852,613 2,711.58 252,826 2,783,032 995.200 72.92 3,394.70 20.00 o 1,258.27 4.80 $773.61 o w 679.32 225.10 1,466.23 $1,449.96 179,409.78 95.55 41,080.73 15.72 ' 3,138.75 24.10 1,106.10 600.35 30.00 235.34 2,425.60 235.34 2,425.60 O fei ZP Ontario Sodus P o i n t Utica 4,'266' Total 417,146 12,839 1,053,067 269,865 i66,'966' 3,945,198 1,879.56 193,527.16 234.74 1,406.12 1.952.48 234,607.89 250.46 1,430.22 Paducah, Ky Pamlico (Newbern), N . C Total 224. 75 o 1.69. 46.53 P a s o del N o r t e , N . M e x . : El Paso Columbus 224.75 2,065,129 149,432 1,017,620 85,229 2,514,379 3,861 1,669.02 135.56 378,586.38 48,984.22 1,855.60 4,653.08 3,748.01 7,146.98 2,214,561 1,102,849' 2,518,240 1,669.02 135.56 427,570.60 1,855.60 4,653.08 3,748.01 7,146.98 176,409 91,527 6,488 289,747 306,726 114 1,033,370 348,580 2,392.32 37,918.62 10,760. 61 2,676.85 131.37 97.68 32.00 .90 50.35 o 274,424 596,587 1,381,950 2,392.32 51,356.08 131.37 129.68. 51.25 pi ZP P a s s a m a q u o d d y , Me.: Eastport. Calais Lubec... R e d Beach - Total Kl Patchogue, N . Y o P e a r l R i v e r , Miss.: Gulfport B a y St. Louis B iloxi Horn Island Scranton Ship Island Total... fei 141,386 7,100,584 48.92 20 156 699,274 4.00 298 141,542 7,799,858 41,785 1,656,254 19,490,243 318,682 117.05 390.18 261 91.00 9.49 17 ... 111.06 3.43 - 52.92 fej H W fei ii.66 12.92 111.06 102.00 ZP Pensacola, F l a . : Pensacola St. Andrews Total Peoria, 111 Perth Amboy, N. J . Petersburg, Va Philadelphia, Pa.: Philadelphia Camden Chester Total Pittsburgh, Pa . .9,704.90 18.63 52.50 150.00 590.50 41,785 1,656,254 19,808,925 117.05 390.18 9,704.90 18.63 52.50 150.00 590.50 38,319 1,382,693 542,116 64,346 10,455,922 28,226 3,030,303 4,014,847 22.00 2,316.47 43.68 15,010.49 21,360.29 599,563.84 135,467.50 93.90 177.38 62.49 1,974.43 25.90 25.00 229.29 6,907.40 2,182.14 66,679,628 37,530,050 76,306,520 141,244.35 248,734.39 20,012,042.81 112,838.09 255,784.19 1,749.74 41,881.84 65,679,628 37,530,050 76,306,520 141,244.35 248,734.39 20,012,042.81 112,838.09 255,784.19 1,749.74 41,881.84 1,806,150 702,502 4,511.23 3,115.10 825,394.09 1,117.74 4,817.35 d ° - 28,938 818.01 Co TABLE N.—Statement of business of the customs ports for thefiscal year ended June 30, 1913—Continued. Customs receipts. V a l u e of i m p o r t s . V a l u e of exports. Districts and ports. * Dutiable. Free. P l y m o u t h , Mass P o r t l a n d , Me P o r t l a n d , Oreg $28,586 633,382 1,757,635 $762,834 1,181,626 1,030,330 Porto Rico: i San J u a n Aguadilla Arecibo Arroyo Fajardo Guanica Humacao Mayaguez Ponce 1,791,671 23,685 69,873 36,661 29,304 65,336 20,315 365,082 1,068,748 159,767 14,674 2,720 15,223 Total Portsmouth, N. H Providence, R . I . . . . . . Excess deposits refunded. Drawback paid. $6,932,487 9,372,936 $1,298.50 4,797.57 $1,878.74 5,599.66 20,639.84 47.31 147.95 5.10 24.90 247.08 45,577 1,004,439 1,273,567 946,762 553 85 ,2,547 2,550 34,141 1,771,881 3,565,018 1,687.73 3,293.34 3,470,675 274,652 8,664,852 25,846.17 32,260 2,152,772 11,586 329,066 1,411 656 60,687 1,251 2,014 35,358 228,066 12,737 3,489 3,942 217 1,001 504,204 90 265,163 115,763 573,914 6,729 31,898 16,490 2,833 443 5,402 3,741 3,793 693 6,354 60 3,738,781 2,023,296 1,741 • 29,449 4,442 5,750 1,050 18,599,447 839,607 790,919 141,246 333,962 9,802,565 164,841 128,050 448,245 77,364 24,201 87,625 514,171 14,407 517,680 61,498 1,583,355 26,545 21,016 081 Estimated duties. $3,899.92 167,730.40 664,799.98 D u t i e s , in- Increased a n d Fines, penc l u d i a g fines additional alties, a n d on m a i l i m duties. forfeitures. portations. A l l other customs receipts. $4.00 3,338.06 974.35 $640.31 3,203.50 $749.46 10,978.62 $63.81 1,047.35 603,959.93 10,429.70 21,124.72 16,154.91 11,935.17 22,288.25 8,410.68 125,278.07 293,045.82 6,263.04 2.25 20,760.90 29.29 8.88 130.51 49.74 190.38 232.67 391.33 1,661.56 4,354.03 243.57 26.00 7,725.19 58.80 28.60 13.10 11.63 61.50 295.61 519.62 1,543.50 247.08 1,112,627.25 6,889.29 26,994.91 459.95 10,257.55 1.01 2,464.07 394.05 3,358.09 612,746.49 130.27 461.36 8.46 15,702.79 3,362.00 125,035.31 50,675.68 9,353.05 7,894. 47 426.65 205.85 6,892.12 60,378.59 2,105.35 634.59 595.13 87.76 129.04 7.56 31.84 29.52 3,668.59 12.99 494.04 147.92 12 633.80 5.40 59.50 562.67 691.14 346.50 468.25 19.65 266.00 603. 75 403.94 519.25 129.10 1,050.49 14.39 1,359,892.35 9.00 3.83 5.35 87.87 1.80 hJ o H O H W fei Puget Sound, Wash.: Port Townsend Aberdeen Anacortes Bellingham Blaiae Chopaka DanviUe Everett . ... Ferry Friday Harbor... Kalama Molson Northport... Oro ville P o r t Angeles Seattle. 338.06 41.60 .75 14.43 4.27 60.00 17.50 48,983.7i 6.45 3.87 - 9, i63.92 *> 110.00 707. 70 498.50 153.09 270.00 275.00 2.00 836.2i 8,788.37 a fei ZP South' B e n d Spokane Sumas Tacoma Total 25 50,978 85,119 1,395,299 42 65,046 492,452 23,095, 434 3,316,958 22,326,482 167,190 5,639,007 45,834,676 62,382,992 643,985 329,019 643,985 329,019 13,879.06 231.76 100.73 3,619.51 144.63 34.36 980.50 67.40 577. 75 2,517.95 1,971,342.28 66,346.41 13,819.49 6;758.95 28,365.67 272.76 1,033,205.25 111.44 1,554.71 1,146.76 272.76 1,033,205.25 111.44 1,554.71 1,146.76 50,675.68 Richmond, Va.: 5.30 3,302.92 26,003.37 20,675.00 483,701.09 9,353.05 West Point Total 33.82 R o c k I s l a n d 111 Sabine, T e x . : Port Arthur Sabine Total Saco Me Sag H a r b o r , N Y St A u g u s t i n e F l a St. J o s e p h , Mo. St. Louos, Mo St. Marks (Cedar K e y s ) , F l a St. M a r y s , G a Salem a n d B e v e r l y , Mass.: Salem Beverly Danvers... . . Total Salt L a k e City, U t a h . Saluria, T e x . : Eagle Pass Boquillas.. . . Del Rio Langtry Presidio.. San Antonio Total ZP 1,268 109 843,569 1,383,499 21,225,400 3,932,682 10,280.84 450.39 12.50 27.21 104.63 8.00 1,057.52 740.80 1,377 2,227,068 25,158,082 10,280.84 462.89 27.21- 104.63 8.00 1,798.32 33,974.06 274.98 2,194.65 61,887.57 2,211,366.15 2.10 39.12 60.69 23,939.19 2.20 63.76 6.53 381.65 993.14 786.64 59.46 79.28 6.43 37.72 72.49 2,161.43 145.17 37.72 2,708 6,094 123,908 5,565,663 206 165,345 1,004,620 18,521 1,075,690 1,182,000 81,445 203.90 • 12,901.57 789.14 28,469.50 343.79 3.22 32.70 ' 45.901,561.78 fei o > Pi Kl o fei fei 4,284 9,108 7,927 2,446 2,285 . 21,319 4,731 44,235 18,379 1,546,376 38,263 8,476 2,025,888 3,148,484 2,993 26, i76 3,296 126,708 4,463 17,552 28,005 1,710 i, 407.66 1,723,119 2,050,896 3,204,375 > ZP' 1,438.00 2,032.75 443.59 431,017.00 2,429.00 829.00 3,359.00 2,360.00 i.46 iii 66 48,356.00 130.00 604.00 1,362.00 496.00 285.00 483,140.00 2,560.40 1,433.00 5,329.00 2,664.00 • 1,438.00 d 15,595.02 1,970.00 409.00 I Porto Rico figures are not included in grand total. <0\ TABLE N.—Statement of busings of the customs ports for thefiscal year ended June 30, 1913—Continued. Oi Customs receipts. V a l u e of i m p o r t s . V a l u e of " exports. Districts and ports. Dutiable. Free. Excess . deposits refunded. S a n Diego, Cal.: San D i e g o . . Andrade Calexico... Campo Tia Juana. $504,366 3,080 112,912 10,519 28,271 $121,291 $541,881 6,331 385,445 38,069 253,083 .$420.07 215,955 2,329 13,329 Total 659,148 352,904 1,224,809 420.07 25,452 602 18,526 970,294 762,988 84.86 1,244 200 1,077 S a n d u s k y . Ohio: Sandusky Huron Kelleys I s l a n d P o r t Clinton Put-in-Bay Vermilion Drawback paid. $2,274.43 2,274.43 Estimated duties. D u t i e s , in- Increased a n d F i n e s , p e n c l u d i a g fines alties, a n d additional on m a i l imforfeitures. duties. portations. $91,702.28 466,07 28,958.70 4,076.37 7,539.71 $240.19 132,743.13 250.76 4,382.43 75.35 48.80 $466.01 AU other customs receipts. $1,140.40 10.40 181.21 .52 173.82 $756.10 466.01 1,506.35 766.60 921.87 130.00 20.98 10.57 10.50 o o . Total W 129.63 fei 17.79 142 S a n Francisco, Cal.: S a n Francisco . Casper F o r t Bragg . Mendocino City Monterey Noyo Oakland P o r t Hartford 27,440 19,803 1,733,282 84.86 16,029,385 52,180,524 76,294,060 98,229.96 244,822.33 4,605.20 48.80 921,87 130.00 20.98 6,211,931.13 104,526.07 97,659.88 2,608.66 23,064.09 fei 71,364 27,762.12 3,697 772.09 9.72 1,560,542 Total 16,100,749 52,184,221 77,854,602 98,229.96 244,822.33 6,239,693.25 104,526.07 98,431.97 2,608.66 23,073.81 227,016 25,083 1,560,237 22,591 4,232,891 119,569 80,344 58,228,714 • 128.30 95.24 76,815.47 317.50 11.50 568.74 597,418.25 1,999.97 33.30 9,063.50 715.03 28.27 4,682 651,580 1,546.53 101.80 O ZP S a v a n n a h , Ga Sioux City, I o w a Springfield, Mass S t o n i n g t o n , Conn Superior, Mich.: Marquette Allouez B a y pi . ... — 1,088.63 10,488 296,354 331,463 2.46 2,687.17 1,308.64 330.90 * 45.85 46.29 Ashland Bavfield De Tour Escanaba Gladstone Houghton 1,071,005 12,857 30,199 103,310 90 . Lake Linden Mackinaw Menominee Mnnising Ontonagon P r e s q u e Isle . S a u l t S t . Marie Superior Washburn 623.341 149,456 29,614 42,690 42,674.24 376.78 . 52.56 343,575 486,155 ' 3,217,940 • 6,738 121,831 5,503,501 4,785,986 1,625 175.16 2,918.44 941,413 3,906,547 12,995,232 3,472.84 178,540 135,577 120,652 3,703,410 161,666 606,188 3,824,062 767,854 . . .... 26,926.28 119,648.24 67.23 49.06 16,361.75 1,504.32 2,687.17 190,468.36 218.09 18,195.60 354.73 19.60 58,629.28 "203.72 2,034.86 1,853,355 2,472,345 1,124.35 2,070.38 1,754,527.25 246.02 59,113.93 4,325,700 1,124.35 2,070.38 1, 754,527.25 Ta.ppa.ha,nnock, V a T e c h e ( B r a s h e a r , n o w Morgan C i t y ) , L a Vermont: Burlington Alburg East Alburg E a s t Richford Franklin Highgate . Richford St. Albans Swanton West Berkshire . . Windniill Point 305,410 700,490 10,216 497 9,259 32,227 1,325,126 1,569,363 16,962 33,718 27,958 712,086 24,747 9,849 2,459 4,235 1,769,158 1,479,215 24,150 4,640 2,767,469 39,555 9,509 7,298,056 13.12 107.22 15.00 1,189.94 276.70 • 976.08 27,544.30 117,113.61 2,336.44 40. 24 782. 63 3,034.71 216,847.04 371,464.73 2,579.43 2,273.39 59,113.93 92.85 129.15 . 45.85 387.08 6,677.30 7,232.42 4,058,497 10,118., 269 1,388.12 1,189.94 744,016.52 ... , 222.00 Zfl fei O 104.73 1,077.82 1,410.24 2,790.08 2,488.06 2,790.08 o fei M i-M fei 10.00 358.61 6,792.55 4.00 22,901.98 23,763.35 6.14 36.70 102.50 5,955.12 25.00 53,826.63 > ZP d w K} 235.30 8.75 37.23 77.21 152.45 35.40 1.25 455.88 6,211.03 3,680 . 246.02 24.30 4,003,268 Total V i c k s b u r g , Miss 9.00 94.75 329.53 21,809 3,700 Syracuse, N . Y Tampa, Fla.: Tampa Port Tampa . St. P e t e r s b u r g Sarasota T a r p o n Springs 18.00 .43 220.08 181 Total Total 3,510 TABLE N.—Statenient of business ofthe customs ports for thefiscal year ended June 30, 1913—Continued. 00 Customs receipts. V a l u e of i m p o r t s . Excess deposits refui:.ded. V a l u e of exports. Districts a n d p o r t s . Dutiable. Free. Drawback paid. Estimated duties. Duties, in- Increased a n d Fines, penc l u d i n g fines additional alties, a n d on m a i l imduties. forfeitures. portations. A l l other customs receipts. Waldoboro, Me.: Waldoboro Rockland $98,350 $6,600 49,823 $7,123.31 $3.00 $12.74 .$304.30 $226.50 Total 98,350 56,423 7,123.31 3.00 12.74 304.30 226.50 Wheeling, W . V a Wilmington, N. C 138,595 76,964 127. 27 91.60 287.35 3,460,419 12,077.49 13,-315. 54 Wiscasset, Me.: Wiscasset Boothbay . . $19,510,926 $209.52 3,096.80 O pi O 3.74 ... 4,665 Total. 3.74 4,665 ^fe]' Y a q u i a a ( N e w p o r t ) , Oreg Y o r k , Me G r a n d total 824,328,965 1,002,892,343 2,466,473,950 3,688,392.55 $4,652,347.71 3*13,356,295.90 1,390,710.57 2,655,081.68 857,797.25 840,725.87 a fei [Extension of items.] ZP Expenses. Commerce a n d labor receipts. Districts a n d ports. Head tax. Alaska: Juneau CordovaL Eagle Fairbanks F o r t y Mile Tonnage tax. $58.02 41.60 280.72 ? AU other commerce a n d labor receipts. $439.50 85.50 479.82 .40 > Collectmg revenue. $2,989.74 962.63 2,376.25 3,189.70 Compilation of E n f o r c e m e n t of statistics. navigation l a w s . ' $11,211.52 1,694.25 2,377.29 16.50 $747.46 Average n u m b e r of persons employed. 7 2 2 1 2 Cost to collect $1. $2.401 1.571 2 210 41.250 4.455 Ketchikan Nome S t Michael Skagwav. Sulzer Unalaska WrangeU . . Total Albany N 27.54 47.36 138.32 17.46 1,464.19 146.67 2.00 138.90 25.18 30.94 153.23 2.629.47 1,518.46 1,817.65 5,378. 95 30.00 759.39 536.45 3,555.29 2,189.83 1,452.89 3.00 510.00 1,695.79 996.25 2,080.46 2,966.33 22,188.69 25,702.61 14,382.48 2,450.00 $60.00 12.00 1,308.26 161.18 24.00 96.00 Y Albemarle, N . C : E h z a b e t h City Edenton Manteo . Alexandria, Va Annapolis Md « Apalachicola, F l a . : Apalachicola CarrabeUe Total Arizona: Nogales Douglas Lochiel Naco Yuma Total .034 515.00 2,242.55 4 4.354 80.00 1,335.00 300.00 2 1 15.940 1,600.50 460.14 204.94 157.04 742.56 716.16 1,284.93 683.07 218.50 3 1 1.232 2.259 2,060.64 361.98 1,458.72 1,968.00 218.50 4 1.492 26,137.98 7,434.95 2,981.18 6,746.34 2,652.07 475.85 182.52 36.36 468.91 36.36 19 5 2 5 2 .134 .062 4.941 .109 1 370 45,952.52 1,200.00 33 121 8,966.70 1,327.20 4,180.60 2,784.96 1,326.40 1,414.80 1,325.03 1,325.50 2,403.60 410.00 6 1 3 2 1 1 1 1.758 1.252 .834 .438 .902 .632 2.682 1.225 .659 410.00 17 .954 800.00 250.00 11 3 .771 .077 20.00 132.00 Total L130 13 3.361 . . . } 25,054.79 328.00 29 2 1 1 Aroostook, M e . : Houlton.. • Bridgewater Fort Fairfield., Fort Kent Limestone Madawaska Mars HiU MonticeUo Van Buren Astoria, Oreg A t l a a t a , Ga 747.46 1,095.00 1,73L05 246.45 265.05 88.00 24.00 . . .385 .503 14.766 L514 2.442 .784 .900 515.00 . Total 4 3 1 3 1 2 1 11,360.78 1,267.95 6,513.06 6,526.95 8,495.54 i I O fei 1^ W fei i ZP- d w Oi' CO' TABLE N.—Statement of business ofthe customs ports for thefiscal year ended June 30, .? Pi ,5—Continued. o Expenses, Commerce a n d l abor receipts. Districts a n d ports. •Head t a x . Baltimore, Md Bangor, Me.: Bangor Danforth Frankfort Hampden Lowelltown. Moose R i v e r St. J o h n Vanceboro Halifax Tonnage tax. $127,128.00 All other commerce a n d labor receipts. Collecting revenue. Enforcement of navigation laws. CompUation of statistics. Average n u m b e r of persons employed. Cost t o collect $1. $60,115.76 $8,664.06 $263,653.96 $13,147.54 $4,630.86 213 $0.0607 n.92 85.80 5,621.38 740.00 168.00 1,637.00 6 1 .721 105. 714 35.00 3 1 1 8 1 .268 .142 '. . . 3,054.62 1,140.40 604.15 12,915.85 1,107.35 " 18.00 94.00 O 85.80 25,183.75 186.00 1,766.00 21 .072 4.00 3.52 142.87 175. 34 67.18 97.03 161.06 1,052.17 328.12 507.17 766.62 175.35 54.80 84.55 123.32 2 1 1 1 5.146 4.00 3.52 142.87 500. 61 2,654.08 438.02 5 13.180 187.66 493.36 2,881.25 602.45 3,350.40 807.35 120.00 6 2 .469 Beaufort, S. C : Beaufort Port Royal 48.50 1,581.85 77.45 1,098.00 2 1 32.695 Total 48.50 1,581.85 1,175.45 3 54.331 14.68 198.90 8.00 9.10 58.78 14.64 85.92 384.43 256.57 75.00152.31 1,076.37 718.41 210.00 426.48 76.88 5L32 15.00 30.46 2 1 1 1 123.409 13 970 1.404 369 221.58 168.44 868.31 2,431.26 173.66 5 1 78 B a r n s t a b l e , Mass.: Barnstable. . Chatham Hvannis . . . Provincetown . . . Tot^l B a t h , Me Beaufort, N . C Belfast, Me.: Belfast Rockport S t o c k t o n Springs Vinaihaven... .-, . . Total , . pi . 038 n.92 Total o- W fei > "A O fei ZP Boston and Charlestown, Mass.: Boston Cambridge Dorchester Hingham HuU . . ' .... ' Newburyport Oiiincv Weymouth Worcester 254,872.00 96,549.20 254,872.00 Brazos de Santiago, Tex.: Bro\vnsville Brazos Edinburgh . . Rio Grande Citv Roma Santa Maria 33,538.77 2.70 X- Total... 96,549.20 33,541.47 236.00 . Total Bridgeport, Conn: Bridgeport . G reenwich Norwalk Stamford . 958,146.46 3,095.74 684. 70 17.76 192.19 40.99 645.86 325.29 7,393.68 12,899.98 970,542.67 13,224.17 11,699.95 324.19 749 1 .040 32.70 4 .038 11,699.95 754 .040 33,833.46 1,535.00 4,500. 00 5,930.00 4,524. 00 2,980.00 600.00 25 1 3 4 3 2 2.217 3.351 7.958 6.066 53,302.46 600.00 38 .242 1,756. 03 3.70 39.15 389.75 434.98 8 1 .031 .019 .008 .086 2,188. 63 434.98 9 .030 .158 . . 101.56 10.58 34.08 442.40 986.70 25.90 6L58 99.53 9,578.28 84.57 274.89 289.86 588.62 1,173. 71 10,227.60 Bridgeton, N. J . Bristol and Warrem, R. I 30.81 ' 6 2 3,452.16 243.11 .075 15.347 3,882.62 167. ^6 415.71 69.14 1,194. 75 63.29 2,389.54 234.52 398.27 33.07 4 1 .562 L458 Total 4,050.38 474.85 1,258.04 2,624.06 431.34 5 .59 . 256.90 . 46,696.22 2,841.36 1,350.00 48 3 1 2 23 1 .038 1.749 37.50 24,350.30 592.50 5,542.15 583.10 197.50 1,770.00 95.41 577.50 74,517.88 8,765.66 2,226.00 78 .049 357.95 47.05 1 .940 Buffalo Creek, N. Y.: Buffalo Black Rock Ferry T/n,p.ka.wa.nna Total ^ o Kl w fei H^ fei j> Zfl Brunswick, Ga.: Brunswick Darien Burhngton, Iowa N H i*> 236.00 Total Night Clearance North Buffalo Tonawa^nda h^ ^ 256.90 876.66 d ^ Kj .077 .233 H-A TABLE N.—Statement of business of the customs ports for thefiscal year ended June 30, 1913—Continued. Commerce a n d labor receipts. Districts a n d ports. Head tax. Tonnage tax. Expenses. All o t h e r commerce a n d labor receipts. Burlington, N . J Cairo, IU E n f o r c e m e n t of n a v i g a t i o n laws. $354.00 6.00 Cape V i n c e n t , N . Y . : Cane V i n c e n t Alexandria Bay Chaumont Clayton Griadstone Island Kingston MUlers B a y R o u n d Island Sacket H a r b o r Thousand Island Park Westmiaster Park 430.00 376.50 64.00 259.00 62.00 88.20 13,413.50 1,528.50 35.70 38.95 16.35 38.80 1.00 .20 1.60 .. $0.26 8.66 1.62 Total 10.54 Total Charleston, S . C $52.00 $600.00 Cost to collect $1. 2 2 $3,590 5 .350 .679 4.212 .485 3.236 33.529 39.247 76.229 55.00 90.00 87.00 105.00 .5433 2,252.70 784.96 925.04 3 1 1 60.916 1.301 51.476 91.00 3,962.70 5 6.019 75.20 8,773.88 702. 75 1,013.00 225.00 3,966.26 848.00 12,704. 83 1,200.25 16,634.71 848.00 6 1 1 f 1 4 1 11 1 14 1- 5.048 652 .400 1.574 .022 .839 .055 .883 .054 668 4.00 2,860.88 79.20 46,916.68 10,656.02 1,143.67 7,592.44 1,400.00 600.00 1,908.34 1,095.00 •. fei o pi H O 7.192 1.728 15 : 2,860.88 CompUation of statistics. $150.00 6,600.50 1,547.60 364.00 1,360.50 668.00 228.00 675.00 96.00 643.00 943.00 288.00 $1.60 45.00 Total Castiae, Me.: Castiae Bucksport Deer Isle Champlam, N. Y.: Plattsburg • Champlaia Chateaugay Cherubusco Fort Coviagton Hogansburg Malone Moores J u n c t i o n Rouse Poiat Trout River Collecting revenue. Average n u m b e r of persons employed. 825.00 1,095.00 2,225.00 4,098.34 41 068 4,428.92 632.71 11 .567 Clfei. Zfl Total Chicago, IU.: Chicago Indiana Harbor Michigain Citv Total C i n c i n n a t i , Ohio C o l u m b u s Ohio Coos B a y , Oreg C o r p u s Christi, T e x . : Corpus Christi Aransas Laredo 678.94 2,140.00 Council Bluffs, I o w a . 685.31 142.86 2 .087 1,232.19 218.50 2 1 24.643 50.00 1,450.69 3 29.013 .028 2,161.47 297,745.86 11,056.30 251.42 448.37 300.00 4,469.87 221 1 2 1 2,161.47 297,745.86 12,056.09 4,469.87 225 .028 110.00 3.5,454.02 9,180.83 1,521.10 918.04 840.00 64.40 95 4 2 .047 .062 6,295.30 1,418.97 1,140.00 4 159.536 25 .114 55.00 342. 23 678.94 397. 23 . . 1,418.97 36,873=13 1,154.13 Total ... ... 29 .146 O 2 .049 H .026 1.308 H 56.32 38,179.10 222.58 231.88 153.00 123.75 4,190.87 1,050.37 1,096.87 397.80 618.75 860.20 140.05 146.25 61.20 82.50 30 2 2 1 1 14.367 2,219.82 378.30 38,910.31 7,354.66 1,290.20 36 .029 120.00 3 .045 4 3 1 .101 8 .136 6 2 .067 .063 86 1 1 .046 8.571 7.483 D a y t o n , Ohio 5,211.58 Delaware: Wilmington Lewes Seaford Total 1,119.24 233.63 1,119.24 233.63 D e n v e r , Colo D e s Moines, I o w a Detroit, Mich.: Detroit Grosse Isle Monroe 6,030.14 1,912.73 718.82 212.52 300.00 354.71 7,942.87 1,231.34 354.71 12,177.01 2,786.97 .<> 124.70 2,260.50 fei H > 32.25 365.40 10.80 •.90 .10 1.10 1,094.58 1,068.92 fei o 1,140.00 • ^ C u y a h o g a , Ohio: Cleveland Ashtabula Conneaut Fairnort Lorain ZP Pi 30,577.S3 2,140.00 Total 1,000.70 50.00 100.00 Chattanooga., T p n n . . . Cherrystone,'Va.: 93,869.25 18.65 23.66 700.00 100.00 6,989.81 347.35 449.67 2,-500.00 • . fei I> ZP 'd pi K| CO TABLE N.—Statement of busings ofthe customs ports for thefiscal year ended June 30, 1913—Continued. Commerce and labor receipts. Districts and ports. Tonnage tax. Head tax. Expenses. All other commerce and labor receipts. Detroit, Mich.—Continued. Mount Clemens Trenton Wyandotte _ Total $124.70 -4 $2,260.50 CoUecting revenue. Enforcement of navigation laws. $22.50 30.00 36.00 $427.50 570.00 684.00 94,000.06 9,468.33 1,174.63 CompUation of statistics. Average number of persons employed. 1 1 1 Cost to collect $1. ^ $50.069 $2,500.00 91 .047 32.00 2 .055 O pi 734.00 17 2 .100 15.965 O Dubuque, Iowa Duluth, Minn.: Duluth Two Harbors 608.50 13,263.79 135.50 2,966.86 551.00 Total 608.50 1«3,399.29 ,3,517.86 734.00 19 .104 220.00 631.79 2372 60 222.78 2,138.47 401.48 2 3 -.389 10.800 216.28 46.85 489.74 377.26 323.40 892.36 756.60 -^ 2 9 812 1.529 216.28 536.59 700.66 1,648.96 4 2.812 DunMrk, N. Y Eastern Maryland Edgartown, Mass.: Edgartown Vineyard Haven Total Erie, Pa.: Erie Corry Total Galena, 111 > o 66.60 3,574.78 374.51 1,773.00 834.80 66.60 3,949.29 1,773.00 400.00 4 219 64.06 4,408.94 •101.60 224.90 672.69 7,012.34 2,861.31 2,302.32 315.00 1,790.79 499.82 585.07 717.57 333.36 4 4 3 054 106 322 15.98 L38 184. 70 22.94 62.88 356.72 759.25 153.19 221.70 925.31 733.39 1,034.84 60.00 3 1 1 44.824 11 062 2.306 202.06 442:54 1,134.14 2,693.54 60.00 5 5 855 834.80 .... Total Evansville, Ind Fall River,'Mass Fernandina, Fla Frenchmans Bay, Me.: Ellsworth Mount Desert Ferry Southwest Harbor fei $8.00 363.00 400.00 4 1 .344 033 fei ZP Galveston. T e x . : Galveston T e x a s City Velasco Total . . Genesee, N . Y . : Rochester Charlotte Oak Orchard Pultneyville Waterloo . 21,548.00 8.00 63,989.56 3,633.44 8,195.01 438.25 61,093.60 2,538.50 241.25 13,420.00 , 300.00 241.25 9,600.00 51 8 1 .064 .177 21,556.00 67,623.00 8,633.26 63,873.35 13,961.25 9,600.00 60 066 467.24 145.00 2.00 '19,585.26 3,842.12 488.00 488.00 300.00 130.00 60.00 960.00 90.00 14 4 1 1 1 .035 467 1.000 467.24 147.00 24,703.38 190.00 1,050.00 21 043 198.46 129.00 19,609.73 800.00 828.58 668.44 6.52 165.40 19,298.79 8,680.84 861.00 10,942.20 1,279.00 314.00 2,260.00 12 2 15 4 8 6 .452 .072 24 323 .033 32,655.74 2,700.62 10.00 13.00 18.50 5.50 88,823.03 180.00 201.00 14.00 112.00 4,799.99 1,566.67 1,163.34 805.84 775.83 3,799.99 293.34 346.86 59.64 67 1 1 1 1 .052 174.667 .250 .159 1.053 33,355.58 2,748.22 89,330.03 9,111.67 3,799.99 71 .054 504.98 177.00 95.80 6,557.59 1,051.48 158.00 721.90 140.04 1,051.58 3 4 .043 1.59 . . Total Georgetown, D . C Georgetown, S. C Gloucester Mass . . . G r a n d R a p i d s , Mich Great Egg Harbor, N . J . Hartford, Conn: Hawaii: Honolulu Hilo Kahului Koloa Mahukona . - Total Houston, Tex H u m b o l d t ( E u r e k a ) , Cal H u r o n , Mich.: Port Huron Algonac Alpena B a y City H a r b o r Beach . M a r i n e City Ma,ry.sville - - . . , , Oscoda Roberts Landing Rogers C i t y Saginaw S t . Clair 40.00 300.00 070 i > Pi o fei H W fei > ZP 1.00 i2.66 4,960.82 1,846.00 57 .154 266.68 966.93 6 6 .050 .232 471.46 907.52 710.00 53,383.97 7,551.79 i,626.4i 11,653.83 6,106.08 2,666.83 300.00 • .314 300.000 1,846.00 49,866.95 212.52 332.50 565.50 487.52 240.00 1.00 45 1 1 1 1 1 1 1 1 1 1 2 3,559.89 212.48 332.50 - 565.50 200.00 487.48 240.00 200.00 300.00 75.00 471.46 907.48 710.00 ...,..,.. Total Indianapolis, I n d JacksonviUe, F l a 1,871.80 1,500.00 1,135.00 177.16 .173 1.693 11.176 .030 18.165 .021 1.398 d TABLE N.—Statement of business of the customs ports for thefiscal year ended June 30, 1913—Continued. Oi Commerce a n d labor receipts. Districts a n d p o r t s . Head tax. K a n s a s City, Mo Kennp.bnnk, M e . Tonnage tax. $8.00 Expenses. AU other commerce a n d labor receipts. CoUecting revenue. E n f o r c e m e n t of n a v i g a t i o n laws. 4,484.00 8.00 10,784.00 Total 15,276.00- $2,679.74 2,344.28 74.94 5,098.96 $32,244.03 $300.00 213.34 $999.96 22 2 $0.046 4,472.87 222.82 544.53 34,690.28 1,034.10 2,305.80 669?60 45.60 3,916.72 114.90 256.20 74.40 2.40 900.00 32 1 3 1 1 .071 .439 .219 38,745.38 4,364.62 900.00 38 .078 46.07 300.00 68.55 2 1 3 1 .084 5,240.22 TCnovvlllft, T e n n L a Crosse,'Wis _, Lincoln, N e b r Little Egg Harbor, N . J. Los Angeles, Cal.: Los Angeles. Redondo Beach' San Pedro Santa Barbara Cost t o collect $1. $182.50 .. Key West, Fla.: Key West Boca G r a n d e Miami .''. Palm B e a c h . . . P u n t a Gorda Compilation of statistics. Average n u m b e r of persons employed. 529.98 2,216.49 362.70 fej o p^ H O 1^ .162 W fei fei 260.00 3.549 1,320.00 41 .075 600.00 40.00 9 6 .070 2.995 50.85 255.34 169.46 60.96 2 1 51.406 .161 2,120.20 306.19 230.42 3 .277 7,591.06 893.07 446.53 5 .109 3,120.00 23 3 1 2 .135 .573 2.608 .379 2,872.60 276.37 6,523.20 1,159.67 51,820 55 3,660.60 249.88 140.60 598.02 13,922.70 2,258.87 1,203.00 2,200.94 6L50 11.20 253.60 893.66 1,226.54 6L50 264.80 122.20 6.00 26,202.05 3,173.74 930.73 2,205.50 883.30 1,728.82 . 260.00 1,320,00 488.00 300.00 . Total .065 33 1 6 1 44,633.11 424.00 6,763.44 4,794.38 M > o fei LouisviUe, K y Machias, Me M a r b l e h e a d , Mass.: Marblehead Tyynn Total Memphis, Tenn Memphremagog, Vt.: Newport Beecher FaJds Canaan . D e r b y Line . .. .90 " < ZP Island Pond North Troy 14,174.97 1,935.00 Total Miami (Toledo), Ohio Michigan: Grand Haven Benton Harbor Charlevoix Cheboygan Frankfort '. .90 6.00 48,621.99 3,120.00 44 142 99.70 7,144.30 1,464.00 400.00 6 .065 33.50 517.80 1,095.69 4,187.47 122. 00 261.25 511. 00 381. 43 122.00 520.13 416.10 117. 42 438. 00 164. 70 155.00 124.00 553.41 146.00 82.13 33.50 866 13: 75 73.00 20.07 27.37 21.90 4.58 27.37 18.30 ZP ofei 2 2 > 517. SO 1,323.82 7,520.50 759.75 18 1 425 142.00 26,576.53 2,636.00 500.00 250.00 250. 00 300.00 300.00 250. 00 300.00 300.00 300.00 957.00 19 .040 26,576.53 5,386.00 957.00 28 .044 24,226.07 3,151.20 1,277.50 1,429.98 2,291.65 14,127:74 1,381.69 3,047.50 7.810.10 4,089.00 685.50 274.50 1,200.-00 16 3 1 1 3 10 1 3 7 5 .059 1 614 34.837 58 247 5.454 .017 38.87-7 .085 . 212 1.964 63,432.43 1,371.00 50 .048 o MUwaukee, W i s . : MUwaukee Green B a y Kenosha Kewaunee Manitowoc Marinette Oshkosh Racine Shebovgan Sturgeon B a y Total .110 275 131.22 • Holland Ludington . . . Manistee Manistique . . . . Muskegon St. Ignace St. Joseph South Haven Total 13 2 • : 142.00 H W fei H I > ZP d Minaesota: St. P a u l Baudette . . Gunflint Lake Indus.. I n t e r n a t i o n a l FaUs Minneapolis P i n e Creek Ranier St. Vincent Warroad Total fei • 274.50 300.00 136.50 1,500.00 TABLE N.—Statement of busin^ess of the customs ports for thefiscal year ended June 30, 1913—Continued. 00 Commerce and labor receipts. Districts a n d p o r t s Head tax. Mobile, Ala.: Mobile Birmingham. Total * Montana and Idaho: Great FaUs Banff Cottonwood.. Eastport Gateway. . Glasgow Peskan Plentywood Porthill Sweet Grass Whitlash Total Cost to collect $1. $13,357.74 1,515.79 $5,565.84 $873.60 14 1 $0.190 .149 404.00 18,879.20 5,159.95 14,873.53 5,565.84 873.60 15 .185 f 3.847 1.128 1.950 .053 .015 1.246 .222 1.084 8.907 .281 8,921.11 648.80 1,292.70 4,089.53 4,294.55 1,277.50 1,675.45 1.289.75 1J974.55 2,903.00 644.00 .86 •.40 .86 .40 29,010.94 516. 70 249.54 43.76 25.64 80,361.88 136.84 25.00 10.00 1,078.40 395.59 256.57 509.71 11,007.48 221.84 23.80 4,149. 29 572. 20 15,644.59 3,342.74 9,444.38 3,363.95 356,751. 02 3,339.05 1,456.00 20,97L16 5,227.46 1,456.00 20,971.16 5,227.46 3,228.00 7,272.00 . CompUation of statistics. $5,159.95 . . .. Enforcement of navigation laws. $18,879.20 . . . CoUectmg revenue. Average n u m b e r of persons employed. $404.00 . Total All other commerce a n d labor receipts. • "Nantucket, Mass Na.9hvillp Tpnn , , N a t c h e z , Miss Newark, N . J . . . N e w Bedford, Mass N e w H a v e n , Conn New London, Conn N e w Orleans, L a Newport, R. I Newport News, Va.: Newport News. Yorktown Tonnage tax. ' Expenses. 1,200.00 1 3 3 1 1 1 1 2 1 1,200.00 21 .078 1 3 2 9 5 8 4 261 4 .238 45.996 .054 .132 .085 2.222 .032 .101 214.15 307.95 72.00 720.00 2,744.05 1,111.12 1,561.00 7,061.35 417.35 276.00 100.00 555.56 36.00 7,463.36 417.35 34,498.37 1,900.00 171.12 1,200.00 28 1 .104 34,498.37 2,071.12 1,200.00 29 .104 fei o pi H O H fei > a fei ZP N e w York, N . Y . : NewYork Cold Spring 3,777,396.00 456,690.38 55,225.85 4,402,436.05 200.00 45,920.00 53,646.67 3,365 .022 Total 3,777,396.00 456,690.38 55,225.85 4,402,636.05 45,920.00 53,646.67 3,365 .022 439.85 67,660.88 1,612.00 1,746.00 468.00 198. 75 1,166. 75 80.00 175.00 207.00 81.00 90.00 30.00 1,680.00 56 1 1 1 1 1 .172 •2. 790 .025 30.247 1.387 8.269 Niagara, N . Y.: N i a g a r a FaUs Lewiston N o r t h Tona.wa.nda, - , Olcott Schlossers* . . Youngstown . Total NorfoUs:, V a North an d South Dakota: Pembina : Ambrose Antler Crosby Hannah Hansboro Kermit Mowbray Neche Portal St John Sarles Sherwood Souris Walhalla ; Westhope 96.00 319.12 2.20 205.90 2.20 525.02 444.25 72,852.38 663.00 1,680.00 61 .157 22,453. 76 7,169.88 8,66L12 5,920.33 1,310.78 11 .197 55.00 9,362.68 1,277.50 1,277.50 1,095.00 1,277.50 1,277.60 1,150. 50 1,277.50 1,325.50 3,518.00 1,220.50 1,277.50 1,277.50 1,277.50 1,425.50 1,277.50 208.00 5 1 1 1 1 1 1 1 1 4 1 1 1 1 1 1 1.779 .437 2.272 .960 4.503 1.924 6.026 19.656 .292 .045 2.414 2.321 .346 4.378 11.660 .546 . . .; Total Omaha, Nebr Oswegatchie, N . Y . : Ogdensburg Hammond Lisbon LouisviUe Massena Morristown Nyando Waddington Total 55.00 4.00 726. 92 « 32.00 30,595.18 1,304.00 23 .266 9,864.26 306.34 4 .071 1,500.00 20 1 1 1 2 2 4 1 .201 8.698 1.177 .794 9.734 .707 .072 .863 1,500.00 32 .199 192.70 2.80 23, 111. 74 616. 55 756. 90 575. 66 1,686.90 2,128. 64 4,108.05 744.48 919. 62 538.90 33,728.92 536.10 132.00 832.00 100.00 1,285.00 40.00 50.00 70.00 105.00 230.00 1,980.00 200.00 ZP tei O I > • O fei tei > ZP d Pi Kl -a CO TABLE N.—Statement of busings of the customs ports for thefiscal year ended June 30, 1913—Continued. Coinmerce a n d labor receipts. Districts a n d p o r t s . Head tax. Oswego, N . Y . : Oswego Fair Haven . . ... 40. 211 .018 i 15 .073 o 3 2 13.932 6.963 H O 1,400.00 50 5 • .184 .152 1,400.00 55 .180 10 11 2 1 .334 1.070 .659 24 .523 60.00 130.00 660.25 1,229.29 "^ 199.25 $260.00 54.95 71,909.32 7,470.80 260.00 54.95 79,380.12 .60 2,142.36 1,163.67 168.04 10,935.86. 10,801.03 1,764.50 1,094.50 1,800.00 1,095.00 600.00 655.54 1,33L71 24,595.89 2,895.00 600.00 1,747.86 576.75 2,157.26 120.00 120.00 84.00 617.62 573.89 1,174.50 735.55 1,056.75 2,157.24 1,144.10 1,215.75 363.50 735.40 352.25 196.00 17,285.60 1,983.24 5,124.06 5,968.24 .112.00 254.00 551.02 104.52 16,667.98 1,393.25 16.10 . .. Cost to collect $1. $0.273 3.254 2,818.60 19.22 Average n u m b e r of persons employed. 9 1 1 1 3 4,148.90 $93.40 10.50 Y Total Compilation of statistics. 10,472.63 Total P e a r l R i v e r , Miss.: GuUport . B a v St Louis BUoxi H o r n l<?land Scranton E n f o r c e m e n t of n a v i g a t i o n laws. 104.50 P a s s a m a q u o d d y , Me.: Eastport Calais Lubec Red Beach Patchogue N Collectiag revenue. $2,310.60 254.00 $1,888.04 235.10 Paducah Ky Parolico CNewbern"i N C Total All other commerce a n d labor receipts. $3,465.90 254.00 175.00 254.00 .. P a s o Del N o r t e , N . Mex.: El Paso Columbus Expenses. $6,025.70 291.25 175.00 289.00 3,691.68 Sodus Point Utica Total Tonnage tax. 00 o 7 pi te:; > "A a fei .4 2 1 1 1 1 1 fei .240 47.508 L139 .567 ZP Pensacola, F l a . : Pensacola St Andrews ... Total Peoria, 111 Perth Amboy, N. J Petersburg V a PhUadelphia, Pa.: Philadelphia Camden Chester Total Pittsburgh, P a P l y m o u t h , Mass P o r t l a n d , Me P o r t l a n d , Oreg P o r t o Rico: i San J u a n AguadUla . • Arecibo Arroyo Fajardo Guanica Humacao Mayaguez . Ponce 40.00 18,162.64 1,413.74 2,248.23 157.66 7,973.76 365.00 4,682.54 730.00 1,900.00 9 1 .470 .696 40.00 19,576.38 2,405.89 8,338.76 5,412.54 1,900.00 10 .481 2 6 5 .109 .017 .071 . . 4.00 4,098.70 70.00 1,805.35 2,301.98 6,960.79 9,799.89 35.00 3,005.55 20.00 486.24 62.24 244,984.00 107,078.02 21,046.17 537,806.96 12,920.06 1,554.00 40.00 8,410.50 454 1 3 .027 4,461.28 107,078.02 21,046.17 542,268.24 14,514.06 8,410.50 458 .027 198.90 23,336.12 120.00 53.30 3,144.54 1,967.20 25,978.74 848.24 48,084.36 50,942.09 1,100.00 517.52 6,274.28 6,900.00 240.00 205.00 1,100.00 1,500.00 16 2 36 40 .032 .377 .258 .086 62,941.23 912.17 1,055.17 1,298.27 1,949.75 1,164.60 1,792.44 7,169.84 17,209.20 3,313.28 48.00 54.95 68.33 102.61 61.28 94.33 377.35 905.74 • 1,400.00 .66 3.08 .35. 40 13.20 292.08 3,047.92 2,649.71 28.24 5.90 12.50 97.92 28.20 31.24 357.63 777.31 36 1 1 1 3 1 1 9 16 .103 .090 .052 .083 .169 .054 .215 .058 .059 13,910.50 3,988.65 95,492.67 5,025.87 69 .086 46,776.00. 43.60 3,627.40 115.57 1,047.60 1,077.16 25,052.46 770.94 2,010.00 410.00 1,680.00 3 22 .617 .035 496.00 652.00 8.00 4.00 4,087.76 1,710.92 340. 98 515.66 166.10 1,600.33 761.34 856.61 865.41 552.60 7,669.24 1,703.00 725.00 1,106.00 1,466.00 4,100.00 20.00 321.54 361.00 29.62 386.40 29.20 31,298.96 1,033.89 729.20 2,185.55 8,309.13 1,148.60 2,625.41 783.31 1,253.17 500.00 23 2 1 2 8 1 2 2 1 1 1 1.415 .762 .988 .373 . 170 .543 2.489 2.084 3.313 1.777 1.789 244,984.00 . . 15,920.00 1,220.00 Puget Sound, Wash.: Port Townsend Aberdeen Anacortes Bftllfngham Blaine^. Chopaka DanviUe Everett Ferry Friday Harbor Kalama. > Pi K{ 10,444.58 73.58 .; Total Portsmouth, N. H Providence, R. I . Zfl fei O pi fei " 1 Porto Rico figures not included in grand total. 1,802.00 500.00 52.25 1,400.00 200.00 855.00 . 185.00 225.00 200.00 118.00 fei t > ZP d TABLE N.-—Statement of business of the customs ports for thefiscal year ended June 30, 79.?,?—Continued-. Commerce and labor receipts. , Districts and ports. Puget Sound, Wash.—Continued. Laurier ...... Molson Northport . . OroviUe Port A n g e l e s . . . . Roche Harbor Seattle. South Bend Spokane Sumas Tacoma Total Richmond, Va.: Richmond. . West Point Head tax. Tonnage tax. Expenses. AU other commerce and labor receipts. CoUectiag revenue. Enforcement of navigation laws. 7,108.00 13,628.46 4,733.26 18,860.00 42,350.12 28,017.07 172,644.59 31,615.49 10,120.00 155 .098 8.67 37.20 20.00 12,099.64 288.00 547.50 320.00 7 1 .012 27.375 8.67 57.20 12,099.64 835.50 320.00 366.50 280.95 $10,572.00 Total $1,399.32 147.18 19,777.74 224.84 $1,297.21 853.21 15,611.78 108.72 1 $725.00 150.00 10,575.00 211.00 4,93L00 6 1 .590 .295 O 955.43 7 .529 ZP 1,526.52 1,60L03 210.00 234.32 85.55 1,200.00 79.45 170.00 2 1 2 3 46 3 2 1.224 l61 .084 .026 .318 7.708 Total 48.00 18,514.14 3,045.60 7,745.34 4,015.45 O 955.43 3,905.37 110.08 in. 35 fei O pi H fei 6,382.17 1,363.17 42.00 20.00 1,950.00 .012 2,244.56 801.04 850.00 567.-81 5,212.81 58,449.83 554.16 326.58 $1,053 1.777 4.130 3.313 .415 295 .059 1 259 .160 262 .106 19.143 15,098.22 3,415.92 5.50 340.51 525.00 925.00 1 1 2 1 1 1 69 1 4 4 26 8 36.00 12.00 4.66 $196.00 138.00 160.00 118.00 225.00 2 Rock Island, HI Sabine, Tex.: Port Arthur Sabine Total Cost to collect $1. $1,194.47 1,679.75 2,654.85 1,495.60 722.65 150.00 74,555.04 215.67 4,6n.06 5,080.09 30,418.19 ...... Saco, Me Sag Harbor, N, Y. St. Augustiae. Fla St. Joseph, Mo St. Louis, Mo St. Marks (Cedar Keys), Fia. St. Marys, Ga Salem and Beverly, Mass.: Salem . . . . . Beverly Da-nvers . . CompUation of statistics. 00 Average number of persons employed. 165.00 789.65 5,093.14 57.14 222.56 34.52 164.82 361.05 1,299.07 114.77 57.84 4,274.77 417.00 6 6.195 .107 .069 164.82 361.05 1,471.68 4,274.77 417.00 6 2.147 Salt Lake a t y , Utah 3,201.01 Saluria, Tex.: Eagle Pass Boquillas 244.00 832.00 DerRio 868.00 124.00 Total 188.00 398.00 44 .104 2,387.40 14,279.03 1,162.23 4,756.00 3,091.00 5,673.05 1,103.65 1,050.00 56 4 13 8 16 .160 2.439 .163 .758 .729 28,961.31 1,103.65 1,050.00 97 .216 2,434.00 2.00 225.00 3 1 1 1 1 1 .869 3.410 .55 2,144.00 255.00 197. 20 18S. 25 256.20 134. 65 2,437.30 3,175.30 225.00 8 1.015 500,475.:67 10,876.00- 6,856.00 370 .079 34,596.58 5,426.23 ^ 2.421 .110 1.457 7.559 ZP fei o pi fei > O fei B K fei pi fei flea d w Ki TotaL... 2,387.40 19.46 34,148.00 .067 1.000 2.540 392.00 .75 S a n Francisco, Cal.: San Francisco Casper F o r t Bragg Mendociao City Monterey Noyo Oakland Port Hartford 26 2 5 2 5 4 50,978.00 19.46 Total Superior, Mich.: Marquette Allouez B a y Ashland Bavfield 5,423.48 398.00 244.00 64.00 S a n d u s k y , Ohio: Sandusky ° Huron KeUeys I s l a n d P o r t Clinton Put-ia-Bay Vermihon S a v a n n a h , Ga Sioux C i t y , I o w a Sprtagfield, M a s s . . . Stoninp'ton, Conn 5,423.48 .186 392.00 Langtry Presidio.. San A n t o n i o . . . . . Total 2 29,065.00 409.00 6,375.00 2,916.00 6,704.00 5,509.00 36.00 S a n Diego, Cal.: San Diego.. . Andrade Calexico Campo Tia Juana 168.49 . 3 1 .157 .394 4.00 2,783.28 255.16 4,507.34 900.00 34,152.00 37,379.86 5,681.39 505,883.01 11,176.00 6,856.00 3-^4 .080 16.00 17,385.62 1,552.35 5.46 88.50 47.80 11,045.31 660.60 10,954.85 421.91 776.00 132.35 240.00 421.93 1,022.00 13.95 400.00 26.08 9 2 7 2 .132 .089 .019 .417 21.00 290.40 1,156.50 2,507.25 275.00 881.37 137.50 872.25 5 1 3 1 47.822 300.00 5.134 oo CO TABLE N .—Statement of business of the customs ports for thefiscal year ended June 30, 1913—Continued. Commerce a n d labor receipts. Districts a n d p o r t s . Head tax. Superior, Mich.—Continued. DeTour Escanaba Gladstone Houghton Isle R o y a l e Lake Linden Mackinaw Menomuiee Munislng Ontonagon . P r e s q u e Isle S a u l t S t e . Marie . Superior Washburn TotaJ Tonnage tax. Expenses, All other commerce a n d labor receipts. $54.06 .50 2.00 • $380.00 459.00 220.00 825.00 275.00 143. 26 206.25 83.00 18,665.46 10,778.90 129.68 4.10 2.50 1.00 275.00 4,355.84 1,627.14 137.50 204. 74 300.60 38,829.75 12,768.11 $80.00 . 11,193.90 12,533.78 2,107.38 1,045.05 39,025.34 3,243.25 175.00 Total 2,880.00 Tappahannofik, V a ••- , Teche ( B r a s h e a r , n o w Morgan City), L a . . Cost t o collect $1. 1 3 2 1 1 1 1 1 1 1 1 23 12 1 $2.181 50.439 .049 4.032 412.500 60 .242 3.05 pi. o fei $872.25 4 .124 2,546.23 840.00 372.00 128.00 1,453.00 1; 080.00 120.00 27 4 1 1 1 .023 .236 8.302 3,327.43 42,268.59 5,339.23 1,200.00 34 .026 101.36 27.50 497. 98 667.36 2,489.89 331. 96 3 3 20.347 71.94 1, 400.00 547.54 24 -7 3 1 1 1 11 1.006 .071 1.494 20.904 1.148 .284 .050 i, 695.66 fei I—t > !^ a fei 23,727.68 32,684.48 8,299. 54 3,651.16 841. 20 898.54 917. 20 12,049. 64 fe? o .525 .097 1.052 140.00 7,464.17 72.00 2,808.00 Compilation of statistics. 2,091.65 17.24 80.00 Tampa, Fla.: Tampa Port Tampa St. Petersburg.. Sarsota Tamon Snriags.. Enforcement of n a v i g a t i o n laws. $120.00 $0.10 Syracuse, N . Y Vermont: Burhngton Alburg East Alburg . . E a s t Richford ; Franklia Highgate . . Richford Collecting revenue. . Average n u m b e r of persons employed. ZP St. Albans. . Swanton West Berkshire.. Windmill Poiat Total 156.92 8.20 18,136.84 2,441.02 905.40 26.24 156.92 8.20 80,851.26 583.33 655.27 1,095.00 17 2 1 1 .048 .944 .391 3.691 4,137.54 69 .106 300.00 V i c k s b u r g , Miss 1 W a l d o b o r o , Me.: Waldoboro Rockland 1.34 374.50 15.68 715.47 2,262.98 1,982.55 1,129.32 46.17 63.49 .2 3 135.672 .362 Total 375.84 731.15 4,245.53 1,12?. 32 109. 66 5 .624 7,860.34 566.10 1,653.54 5,466. 21 467.30 660.90 342.ei 3 4 .169 .259 fei O 70.80 292.59 538. 60 569.90 707.05 1,646.19 72.00 117.72 2 2 17.677 5.401 > 117. 72 363.39 1,108.50 2,353.24 72.00 4 7.288 190.00 2.50 1,024.00 504.90 30.00 3 2 5.547 201.960 254,346.66 9, 732,603.37 441,565.12 Wheelmg, W. V a Wilmiagton, N . C 4.00 Wiscasset, Me.: Wiscasset Boothbay Total Y a q u i a a ( N e w p o r t ) , Oreg Y o r k , Me G r a n d total 4,578,566.00 1,259,434.63 204,253.78 ZP Pi O fei m 7,998 fei Estimated duties (uicludiag duties and fines^on mail importations and increased and additional duties) and tonnage collected as reported by collectors $318,661,522.78 Duties and tonnage covered into the Treasury by warrants in the fiscal year 1913 318,891,395.86 NOTE.—Difference arisiag in adjustment of receipts by covering warrants and ia the time the deposits entered the fiscal year accounts. Expenses reported by coUectors, as above, to June 30,1913 $10,378,422.27 Add salaries and expenses of Board of General Appraisers 180,569.70 Add additional payments for 1913 account to Oct. 28,1913, not reported by coUectors to June 30,1913 6,934.94 Add payments for detection of frauds for 1913 account to Oct. 28,1913 159,520.32 Add salaries and expenses special agents and special inspectors for fiscal year 1913 148,050.50 Add payments for traveling and miscellaneous expenses. 15,635.12 Add $5,000 and $37,300, transferred from customs appropriation for expenditure by Department of Justice and Treasury Department, for fees of witnesses before Board of General Appraisers and for stationery for the customs service, in the sums named 42,300.00 Total expense of the customs service for fiscal year 1913 , 10,931,432.85 Deduct expense enforcement navigation laws. Department of Commerce and Labor $441,565.12 Deduct expense compUation of statistics, Department of Commerce and Labor 204,253.78 645,818.90 Net cost of coUecting customs revenue for the fiscal year 1913 Cost to collect $1, $0,033. pi fei > ZP d pi 10,285,613.95 00 186 REPORT ON T H E FINANCES. TABLE 0.—Statement, by districts and ports, showing total entries of merchandise, collections, and expenses, for the fiscal year ended June 30, 1913. Districts and ports. Alaska: Juneau Cordova Eagle Fairbanks F o r t y Mile Ketchikaa Nome St. Michael Skagway Snlzer Unalaska WrangeU Entries. Receipts. 78 6 130 Expenses. $6,224.61 1,690.24 2,149.99 .40 715.86 16,035.38 7,369.52 221.49 3,552. 63 221.04 3,131.54 1,70L48 $14,948 72 2,656.88 4,753.54 16.50 3,189.70 6,184.76 3,708.29 3,270.54 5,381.95 540.00 2,455.18 1,532.70 1,375 43,014.18 48,638.76 1,842 524,853.72 17,927.84 515.00 1,73L05 246.45 265.05 515.00 2,242.55 83.75 1,335.00 300.00 2 1,822.70 619.18 2,245.99 . 1,399.23 2 2,441.88 3,645.22 2,067 999 3 681 12 197,857.37 121,126.61 610.63 65,927.33 1,961.97 26,613.83 7,617. 47 3,017.54 7,215.25 2,688.43 Total 3,762 387,483.91 47,152.52 Aroostook, Me.: Houlton Bridgewater F o r t Fairfield Fort Kent Limestone Madawaska Mars HiU MonticeUo Van Buren 429 52 489 294 - 56 90 54 54 459 5,333.51 1,059.87 5,006.92 6,348.22 1,469.94 2,236.89 4P4.03 1,081.57 3,646.88 9,376.70 1,327.20 4,180.60 2,784.96 1,326.40 1,414.80 1,325.03 1,325.50 2,403.60 1,977 26,677.83 25,464.79 36 1,214 16,108 20,486.81 87,615.19 4,6.34,201.08 15,808.60 6,776.95 281,432.36 9,301 1 10,296.84 7.00 7,426.38 740.00 797 72 11,515.75 7,989.90 22,524 342,576.85 3,089.62 1,140.40 604.15 13,027.85 1,107.35 32,695 372,386.40 27,135.75 4 272.58 1,402.86 450.10 688.75 1,05L00 4 272.58 3,592.71 72 2 13,515.67 .38 6,351. 65 L409.80 .. 72 140 48 8 749 2 3 133 . . . Total Albany, N . Y Albemarle, N . C : E h z a b e t h City Edenton Manteo .. Total Alexandria, Va A n n a p o h s , Md Apalachicola, F l a . : Apalachicola CarrabeUe Total Arizona: Nogales Douglas Lochiel Naco Yuma ... •... . - : Total Astoria, Oreg A t l a n t a , Ga B a l t i m o r e , Md Bangor, Me.: Bangor Danforth Fraakfort... Hampden. Lowelltown Moose R i v e r . . St. J o h n Vanceboro . . . . Hahfax . . : . . . . Total B a r n s t a b l e , Mass.: Barnstable ... Chatham Hyannis P r o v i n c e t o w n . . . . '. Total : . B a t h , Me Beaufort, N . C. (9 m o n t h s ) . :.. . 187 SECRETARY OF THE TREASURY. TABLE 0.—Statement, by districts and ports, shoiuing total entries of merchandise, collections, and expenses, for thefiscal year ended June 30,1913—Continued. Districts and ports. Beaufort, S. C : Beaufort iP ort R o y a l Entries, i Total Belfast, Me.: Belfast Rockport S t o c k t o n Springs Vinaihaven Total B o s t o n a n d Charlestown, Mass.: Boston Cambridge Dorchester *' Hingham HuU. Newburyport Quincy Weymouth Worcester Expenses. 1 $50.75 $1,659.30 1,098.00 1 50.75 2,757.30 5 16 2 23 12.46 73.46 213. 54 1,649.89 1,537.68 1,026.30 300.00 609.25 46 1,949.35 3,473.23 87,624 24,230,267.97 889 191,472.46 982,746.39 3,095.74 684.70 17.76 192.19 365.18 645. 86 325.29 7,393.68 88,513 24,421,751.60 995,466.79 955 217,204.49 125 73 18 4 2,029.64 1,769.34 568.45 491. 25 34,433.46 1,535.00 4,500.00 5,930.00 4,524.00 2,980.00 1,175 222,063.17 53,902.46 630 44 146 63 375,468.79 4,417.68 38,997.23 7,883.16 11,769. 29 88.27 314.04 679.61 . . . ... 11.17 Total Brazos d e Santiago: BrownsviUe Brazos Edinburgh R i o G r a n d e City Roma Santa Maria. . Total Receipts. 1 B r i d g e p o r t , Conn.: Bridgeport . Greenwich Norwalk Stamford . . 883 426,766.86 12,851.21 Bridgeton, N . J Bristol a n d W a r r e n , R . I 26 45,831. 21 15.84 3,452.16 243.11 B r u n s w i c k , Ga.: Brunswick Darien .. 37 7,080.32 226.90 3,982.56 330.88 37 7,307.22 4,313.44 35,231 867 1,395,016.77 1,957.18 8,937 21 326,129.49 5,001. 54 53,588.37 3,424. 46 197.50 1,807.50 25,321.71 1,170.00 45,056 1,728,104.98 85,509.54 133 29 430.55 98.58 405.00 354.00 156.00 1,697 559 2 319 133 39 144 21,769.20 2,832.78 101.60 3,334.81 225.53 6.80 18.60 2.44 .20 145.71 166.66 7,630.50 1,924.00 428.00 1,619.50 730.00 228.00 730.00 186.00 730.00 1,048.00 288.00 2,900 28,604.33 15,542.00 Total Total. Buffalo Creek, N . Y . : Buffalo Black R o c k F e r r y Lackawanna N i g h t Clearance ^ N o r t h Buffalo Tonawanda t . Total Burlington, Iowa Burliagton, N . J Cairo, IU . . Cape V i n c e n t , N . Y . : Cape V i n c e n t Alexandria B a y Chaumont. Clayton Grindstone Island Kingston Millers B a y R o u n d Island Sackets H a r b o r Thousand Island P a r k Westminister Park Total 6 1 . 188 REPORT ON THE FINANCES. TABLE 0.—Statement, by districts and ports, showing total entries of merchandise, collections, and expenses, for thefiscal year ended June 30,1913—Continued. Entries. Districts and ports. Castiae, Me.: Castiae Bucksport Deer Isle.. Receipts. Expenses. 4 67 7 $36.98 603.31 17.97 $2,252.70 784.96 925.04 78 658.26 3,962.70 9 223 386 32 6,607 41 9,772 163 23,639 324 2,393.11 1,076.95 2,526.51 142.90 • 176,678.93 1,009.77 250,601.89 1,358.98 338,008.86 1,269.20 12,082.22 702.75 1,013.00 225.00 3,966.26 848.00 13,799.83 1,200.25 18,554.71 848.00 41,196 414 167 775,067.10 22,286.54 20,970.55 53,240.02 12,654.07 1,828.87 50.00 1,232.19 218.50 50.00 1,450.69 74,105 10,853,703.52 313,272.03 25i.42 448.37 300.00 74,105 2,779 557 10,853,703.52 775,906.41 148,469.25 314,271.82 37,212.06 9,245.23 1,521.10 Corpus Christi, Tex.: Corpus Christi Aransas... Laredo 46 3,361 55.50 1,205.57 268,174.06 30,577.83 Total Council Bluffs, Iowa 3,407 161 269,435.13 23,967.07 39,432.10 1,186.38 9,469 6 1,638,425.01 1,079.72 .95 .10 67.42 43,230.17 1,413.00 1,475.00 612.00 825.00 9,474 ". ... Total Champlain, N. Y.: Plattsburg Champlain Chateaugay Cherubusco Fort Coviagton '. Hogansburg Malone Moores Junction Rouses Point Trout River • ^ .-- Total Charleston S C Chattanooga, Tenn Cherrystone, Va.: Cape Charles . Chincoteague . Total Chicago, IU.: Chicago Indiana Harbor Michigan City Waukegan , '.. Total Cincinnati Ohio Columbus, Ohio Coos Bay, Oreg Cuyahoga, Ohio: Cleveland Ashtabula Conneaut Faiiport Lorain .. . . ... . Total '. . Dayton, Ohio Delaware: Wilmington Lewes Seaford . . Total Denver, Colo Des Moiaes, Iowa Detroit, Mich.: Detroit Grosse Isle . Monroe Mount Clemens Trenton Wyandotte Total Dubuque, Iowa .- 8,854.27 1,639,563.20» 47,655.17 742 116,833.89 5,331.58 449 69,667.60 7,103.67 2,125.25 300.00 449 3,382 382 69,667.60 179,785.79 45,527.66 9,528.92 12,877.01 2,886.97 36,312 2 25 2 2,242,562.50 42.70 63.25 21 14.38 103,359.06 366.00 473.33 450.00 600.00 720.00 36,362 2,242,682.83 105,968.39 400 21,929.70 1,206.63 189 SECRETARY OF THE TREASURY. TABLE 0.—Statement, by districts and ports, showing total entries of merchandise, collections, and expenses, for thefiscal year ended June 30,1913.—Continued. Entries. Districts and ports. Duluth, Minn.: Duluth Two Harbors Total Dunkirk, N . Y Eastern Maryland . . . . $169,104.63 43.00 $16,964.65 686.50 2,539 169,147.63 17,651.15 100 3,221.39 220.00 1 256 05 2,376 07 129.39 706.02 1,269.62 1,080.00 835.41 2,34^.62 16,682.76 11,173.14 5,747.78 374 61 Total 498 18 Total Expenses. 2,539 Edgartown, Mass.: Edgartown Vineyard Haven Erie, Pa.: Erie Corry Receipts. 516 27,855.90 6,122.29 145,400.62 50,870.57 9,710.42 7,912.41 5,369.67 3,135.50 55 9 4 68 38.92 80.14 544.84 1,744.56 886 58 1,256.54 663.90 3,887.68 Galena, IU Galveston, Tex.: Galveston Texas City Velasco 2,508 . 176 1,302,367.79 15,998.46 84.113 60 2,838.50 482 50 Total 2,684 1,318,366.25 87,434.60 2,375 526 590,253.55 8,541.83 300.00 20,675.26 3,992.12 488 00 488 00 300 00 2,901 599,095.38 25,943.38 5,344 310,003.38 632 799 50,186.15 121,681.46 112.35 378,908.90 21,688.73 314 00 22,693.79 8,858.00 2,732.80 12,742; 20 8,471 1,858,075.97 10.00 5,441.52 5,143.66 842.74 97 423 01 i;746!67 1,364.34 819 84 887 83 8,471 1,869,513.89 102,241.69 352 5 158,010.50 1,775.58 6,875.63 2,824.96 15,448 70 1 75 319,485.07 250.99 59.50 36,651.56 146 1 3,100.24 1.60 55,272.84 425 00 665 00 1 131 00 200 00 975 00 480 00 200 00 600 00 75 00 942 92 EvansviUe, Ind Fall River, Mass Fernandina, Fla .. . Frenchmans Bay, Me.: EUsworth Mount Desert Ferry. Southwest Harbor Total Total Georgetown, D.C Georgetown, S.C Gloucester, Mass Grand Rapids, Mich Great Egg Harbor, N . J Hartford, Conn 1,529 Hawau: Honolulu HUo Kahului Koloa Mahukona.. Total Houston, Tex Humboldt (Eureka), Cal Total . . 363 00 Genesee, N. Y.: Rocnester Charlotte Oak Orchard PultneyAdlle Waterloo Huron, Mich.: Port Huron Algonac Alpena Bay City Harbor B each Marine City Marysville Oscoda Roberts Landiag Rogers City Saginaw St. Clair . 200 ' 215 20 : 39 33.03 234 174 44,817.14 1,298.14 16,188 405,697.27 1 815 Ofl 62 781 76 190 REPORT ON T H E FINANCES. TABLE 0.—Statement, by districts and ports, showing total entries of merchandise, collections, and expenses, for thefiscal year ended June 30,1913—Continued. Entries. Districts and ports. Indianapolis, Ind JacksonvUle, Fla Kansa.*? City, Mo-Kennpihnnk, IVfA. Key West, Fla.: Key West Boca Grande. Miami Palm Beach. Punta Gorda Total Knoxville, Tenn .. La Crosse, Wis Liacohi, Nebr Little Egg Harbor, N . J Los Angeles, Cal.: Los Angeles .Redondo Beach San Pedro Santa Barbara •. Total LouisviUe, Ky Machias, Me Marblehead, Mass.: Marblehead • Lynn Total Mftmphi.q, Tp.rm . , , Memphremagog, Vt.: Newport Beecher Falls Canaan Derby Line Island Pond North Troy Total Miami (Toledo), Ohio Michigan: Grand Haven Benton Harbor. Charlevoix Cheboygan . Frankfort HoUand Ludiagton Manistee Manistique Muskegon St. Ignace St. Joseph South Haven Total • MUwaukee, Wis.: Milwaukee Green Bay Kenosha Kewaunee Manitowoc Mariaette Oshkosh Racine Sheboygan Sturgeon Bay Total ; Receipts. Expenses. 1,205 1,029 5,150 $236,071.00 42,913.01 725,145.19 $11,920.51 9,973.84 33,543.99 213.34 2,756 549,824.07 2,613.62 11,667.82 39,507.00 1,149.00 2,562.00 744.00 48.00 .2,866 564,105.51 44,010.00 54 6,803.47 i9i 14,028.08 676.05 300.00 2,285.04 362.70 20,324 747,765.42 142 2,042.84 48,825.71 424.00 7,251.44 300.00 20,466 749,808.26 56,801.15 2,048 23 222,789.65 1,522.73 15,725.70 4,499.81 8 108 21.67 9,568.47 1,113.97 1,542.84 116 9,590.14 2,656.81 613 81,337.68 8,930.66 15,920 2,786 160 392 11,213 721 217,150.46 6,635.71 356.80 5,810.10 128,253.86 7,014.21 29,322.05 3,173.74 930.73 2,205.50 • 14,174.97 1,935.00 31,191 364,121.14 51,741.99 956 137,533.82 9,008.30 156 6,737.51 5,836.57 122.00 275.00 730.00 401.50 122.00 647.50 438.00 122.00 547.60 183.00 155.00 124.00 156 6,737.51 9,604.07 3,894 749,568.71 30,169.53 500.00 250.00 250.00 300.00 300.00 250.00 300.00 300.00 300.00 3,894 749,568.71 32,919. 53 191 SECRETARY OF THE TREASURY. TABLE 0.—Statement, by districts and ports, showing total entries of merchandise, collections, and expenses, for thefiscal year ended June 30, 1913—Continued. Districts and ports. Minnesota: St. Paul Baudette GnnflintT.ake Indus International FaUs. . Minneapolis . . . . Pine Creek Ranier St. Viacent Warroad . Entries. .. . .. . :.. Total MobUe,Ala.: Mobile B irmingham •. Total Montana and Idaho: Great FaUs Banff . Cottonwood Eastport Gateway... .. Glasgow Peskan -. Plentywood PorthiU Sweet Grass Whitlash Total Nantucket, Mass Nashville, Tenn Natchez, 'M.\SS Newark, N, J New Bedford, Mass New Haven, Conn New London, Conn New Orleans, La Newport, R . I Newport News, Va.: Newport News Yorktown Total ' Receipts. Expenses. 6,626 547 5 7 78 2,611 7 4,825 7,615 197 $437,085.67 2,121.60 36.67 24.55 470.50 840,021.78 35.54 35,947.50 36,690.03 2,455.95 $26, 111. 57 3,425.70 1,277.50 1,429.98 2,566.15 14,427.74 1,38L69 3,047.50 7,810.10 4,825.50 22,518 1,354,889.79 66,303.43 666 121 105,030.37 10,116.92 19,797.18 1,515.79 787 115,147.29 21,312.97 1,297 8 2,512 681 2 63 63 20 930 2,630.49 575.00 662.62 75,746.31 279,594.08 1,025.25 7,527.70 1,189.26 221. 68 10,314.31 10,121.11 648.80 1,292.70 4,089.53 4,294.55 1,277.50 1,675.45 1,289.76 1,974.55 2,903.00 644.00 5,576 379,486.70 30,210.94 178 2,212 204 832 90 15,403 310 18,976.41 12.44 308,131.39 46,637.26 130,439.32 2,232.12 11,706,149.24 41,213.64 237.95 4,529.24 572.20 16,640.59 6,186.79 11,111.06 4,960.95 371,275.73 4,173.75 1,408 360,442.28 37,598.37 171.12 1,408 360,442.28 37,769.49 New York, N. Y.: NewYork Cold Spring 902,675 208,604,989.03 4,502,002.72 200.00 Total 902,675 208,604," 989.03 4,502,202.72 38,049 20 124 3 15 12 401,741.42 639.02 75,634.07 18.16 208.10 144.71 69,420.88 1,787.00 1,953.00 549.00 288.75 1,196.75 38,223 478,385.47 75,195.38 502 80,299.86 15,892.23 848 78 15 82 16 53 6 15 326 4,952 5,378.44 2,931.63 562.13 1,139.69 283. 65 663. 80 190. 90 64.99 4,983.01 95,787.42 9,570.68 1,277.50 1,277.50 1,095.00 1,277.50 1,277.50 1,150.50 1,277.50 1,457.50 4 350.00 Niagara, N. Y.: Niagara Falls Lewiston - . .... North Tonawanda Olcott Schlossers Youngstown Total . Norfolk, Va North and South Dakota: Pembina Ambrose Antler Crosby Hannah Hansboro Kermit Mobray Neche PortaL, ,..,.,,,,,.,.,,,.,,..,,..,,,.,,,,,.,, 192 REPORT ON THE FINANCES. TABLE 0.—Statement, by districts and ports, showing total entries of merchandise, collections, and expenses, for the fiscal year ended June 30,1913—Continued. Districts and ports. Entries. North and South Dakota—Continued. St. J o l m Sarles Sherwood Souris Walhalla Westhope Receipts. 125 25 34 14 14 8 Expenses. $546.86 550.40 3,690.55 291.78 124.99 2,336.82 $1,320.50 1,277.50 1,277.50 1,277.50 . 1,457.50 1,277.50 6,611 119,517.06 31,899.18 Omaha, Nebr 1,040 141,658.85 10,170.60 Oswegatchie, N . Y . : Ogdensburg Hammond Lisbon LouisviUe ... . Massena Morristown Nyando Waddington . ... 5,981 111 319 144 34 760 3,228 315 123,760.07 75.48 685.04 813.11 184.08 3,334.68 56,817.81 1,093.27 25,896.74 656.55 806.90 645.66 1,791.90 2,358.64 4,108.05 944.48 10,892 186,763.54 37,208.92 363 43,101.99 245.60 11 808 19.82 195,392.77 11,802.20 799.25 350.00 797.00 3,691.68 Total .* Total Oswego, N . Y : Oswego Fair Haven : Sodus P o i n t -Utica 1,182 238,760.18 17,440.13 Paducah, K y : PamUco (Newbern), N . C 2 28 61.69 176.53 859.50 1,229.29 P a s o Del N o r t e , N . M e x . : E l Paso Columbus 3,043 233 397,648.83 48,984.22 73,309.32 7,470.80 3,276 446,633.05 80,780.12 1,126 1,421 78 39,863.26 11,115,52 2,676.85 13,335.86 11,896.03 1,764.50 1,094.50 2,625 53,655.63 28,090.89 Total .. Total P a s s a m a q u o d d y , Me.: Eastport Calais '. Lubec Red Beach .... T otal .0 2,324.61 Patchogue N Y P e a r l R i v e r , Miss.: Gulfoort 13av S t L o u i s Biloxi H o r n Island Scranton S h i n I'lland 22 18,427.64 5 25.59 2 1,290.51 Total 29 19,743.74 11,212.30 Pensacola, F l a . : Pensacola St Andrews 159 30,967.40 1,571.40 14,556.30 1,095.00 Total 159 32,538.80 15,651.30 237 1,336 4,524 21,524.19 614,556.16 137,967.32 2,356.98 10,452.58 9,862.13 67,156 20,797,404.86 559,137.52 1,554.00 4,501.28 67,156 20,797,404.86 565,192.80 .• . Peoria, 111 Perth Amboy, N. J Petersburg Va PhUadelphia, Pa.: Philadelphia Camden Chester Total , .. 4,434.50 1,144.10 1,215.75 1,538.00 1,470.95 1,409.00 193 SECRETARY OE T H E TREASTJRY. TABLE 0.—Statement, by districts and ports, showing total entries of merchandise, collections, and expenses, for thefiscal year ended June 30,1913—Continued. Districts and ports. Entries. Receipts. Expenses. Pittsburgh, P a . . . Plymouth, Mass.. Portland, Me Portland, Oreg... 3,712 17 1,112 3,605 $832,267.19 4,156.12 214,921.70 684,191.00 $27,318.74 1,570.76 55,458.64 59,342.09 Porto Rico: San J u a n . . AguadUla.. Arecibo... Arroyo Fajardo... Guanica... Humacao.. Mayaguez. Ponce 4,330 88 154 66 45 22 18 663 1,413 651,993.73 10,621.86 21,168.10 16,3n.68 12,097.54 22,413.35 8,750.73 128,585.20 303,185.91 67,654.61 960.17 1,110.12 1,366.60 2,052.36 1,225.88 1,886.77 7,547.19 18,114.94 6,799 1,175,128.10 101,918.54 134 2,531 3,655.99 808,758.95 2,258.10 28,742.46 41 18 67 188 3,050 268 41 69 .55 14 43,068.20 2,736.89 1,454.20 3,491.55 10,630.13 1,333.60 2,850.41 2,785.31 1,37L17 1,000.00 52.25 1,390.47 1,817.75 2,814.85 1,613.60 1,672.65 300.00 87,080.04 426.67 4,61L06 5,605.09 56,274.19 Total. Portsmouth, N . H . . Providence, R . I . . . Puget Sound, Wash.: Port Townsend... Aberdeen Anacortes Belliagham. Blaine Chopaka. DanviUe Everett Ferry Friday Harbor... Kalama Laurier Molson Northport Oroville Port Angeles Roche Harbor... Seattle South Bend Sumas.. Tacoma. 3,105 1,361 7,455 30,418.03 3,588.15 1,470.94 9,346.89 62,274.41 2,45L85 1,145.19 1,336.02 413.76 562.56 29.20 1,320.45 1,022.72 681.56 486.97 4,025.82 1,014.78 1,473,626.08 338.86 28,750.08 21,387.84 530,167.83 Total. 363 • 57 310 53 97 1 25,686 42,289 2,175,859.99 214,380.08 Richmond, Va.: Richmond... West Poiat.. 931 1,036,064.03 20.00 12,707.64 547.50 Total 931 1,036,084.03 13,255.14 33.82 647.45 Rock Island, IU. Sabine, Tex.: Port Arthur. Sabine 93 19,026.53 4,982.26 11,242.97 1,473.25 Total. 159 24,008.79 12,716.22 6 53 377 13,152 2 285.80 2,606.98 62,787.30 2,265,893.76 5,335.70 9L66 . 165.00 350.00 1,59L78 5,298.36 61,176.35 2,234.64 706.68 966.98 1,072.42 830.79 5,990.84 114.77 57.84 Saco, Me Sag Harbor, N . Y St. Augustiae, Fla St. Joseph, Mo St. Louis, Mo St. Marks (Cedar Keys), Fla.. St. Marys, Ga Salem and Beverly, Mass.: Salem Beverly Danvers Total Salt Lake City, Utah. 16726°—FI 1913- -13 156 2,870.19 6,163.45 2,315 18,071.36 3,369.50 194 REPORT ON T H E FINANCES. TABLE 0.—Statement, by districts and ports, showing total entries of merchandise, collections, and expenses, for thefiscal year ended June 30,1913—Continued. Districts and ports. Salmia, Tex.: Eagle P a s s . . . Boquillas Del Rio Langtry Presidio San Antonio.. Entries. Rexjeipts. Expenses. 2,960 118 $440,680.00 409.00 2,609.40 127 312 2,769.00 49,871.00 $29,855.00 409.00 6,375.00 2,916.00 6,704.00 5,509.00 3,586 496,238.40 51,768.00 San Diego, Cal.: San Diego... Andrade Calexico Campo Tia J u a n a . . . 1,995 4 304 . 44 87 102,239.86 476.47 29,160.98 4,076.89 7,777.53 16,432.68 1,162.23 4,756.00 3,091.00 5,673.05 Total. 2,434 143,731.73 31,114.96 823 2 5,523.54 75.35 '"i7.'79 4,803.00 257.00 197.20 189.00 256.20 136.20 860 5,746.31 5,837.60 54,212 6,513,960.64 518,207.67 140 28,543.93 3,042.44 4,507.34 1,200.00 Total.. 54,352 6,545,647.01 523,915.01 Savannah, Ga Sioux City, Iowa.. Sprtagfield, Mass.. Stonington, Conn.. 616 129 1,639 30 96,700.48 9,063.50 699,861.32 2,081.50 12,843.31 806.90 11,594.85 869.92 143 2,051.87 10,536.00 275.00 . 881.37 137.50 480.00 459.00 2,091.65 220.00 825.00 275.00 160.50 . 206.26 83.00 Total. Sandusky, Ohio: Sandusky Huron KeUeys Island. Port Clinton... P u t in B a y . . . . VermUion TotaL San Francisco, Cal.: San Francisco... Caspar Fort Bragg Mendociao City.. Monterey Noyo Oakland Port Harford Superior, Mich.: Marquette Allouez Bay Ashland Bayfield DeTour.. Escanaba Gladstone Houghton Isle Royale Lake Linden.... Mackinaw Menominee Munis ing Ontonagon Presque Isle Sault Ste Marie., Superior '.— Washburn Total Syracuse, N . Y Tampa, Fla.: Tampa Port Tampa St. Petersburg.., Sarasota Tarpon Springs., Total. Tappahannock, Va Teche (Brashear, now Morgan City), L a . 129.63 ""i8*43 78 "339" 220.08 9.10 42,498.52 54.56 2.00 52.56 3,347 1,403 43,826.44 127,881.42 130.68 275.00 23,021.30 12,406.04 137.50 5,332 216,745.66 52,470.11 551 60,972.69 7,604.17 36 1,831,128.38 17,797.07 176.00 42,651.57 4,203.26 372.00 128.00 1,453.00 3,726 1,849,100.45 48,807.82 163.16 677.36 3,319.83 195 SECRETABY OP THE TREASURY. TABLE 0.—Statement, by districts and ports, showing total entries of merchandise, collections, and expenses, for the fiscal year ended June 30, 1913—Continued. Districts and ports. Vermont: Burlington.. Alburg East Alburg East Richford... Franklia Highgate Richford.... St. Albans... Swanton West Berkshire.. WindmiU Poiat. Total Entries. Receipts. Expenses. 234 12,342 252 34 196 403 11,008 16,104 92 556 $33,950.88 123,967.86 2,442.94 40.24 782.63 3,270.01 239,834.98 395,546.91 2,585.57 2,310.04 165.12 $34,156.42 - 8,847.08 3,651.16 841.20 . 898.54 917.20 13,144.64 19,231.84 . 2,441.02 905.40 609.57 41,221 804,897.18 85,644.07 Vicksburg, Miss. 300.00 Waldoboro, Me.: Waldoboro.. Rockland 17.02 8,759.82 2,309.15 .3,175.36 Total. 92 8,776.84 5,484.51 Wheeling, W. Va.. WUmiagton, N. C. 95 154 12,492.11 24,954.38 2,120.84 6,469.72 74.54 410.31 1,317.65 2,216.09 484.85 3,533.74 190.00 2.50 1,054.00 504.90 Wiscasset, Me.: Wiscasset.. Boothbay. Total. Yaquhia (Newport), Oreg. York, Me Grand total.. 1,759,861 1 325,192,958.56 10,378; 422.27 ] Includes all customs receipts and collections for Department of Commerce and Labor. APPENDIX TO REPORT ON THE FINANCES 197 A.i>i>E]sri:>ix. REPOETS OF HEADS OF BUREAUS, REPORT OF THE TREASURER. TREASURY DEPARTMENT, O F F I C E OF THE TREASURER, Washington, November 20, WIS. SIR : The transactions of the Treasury of the United States for the fiscal year ended June 30, 1913, and its condition at the close of the year are presented in the following report. The ordinary receipts and disbursements, classified for the past two years, are compared in the subjoined table: Ordinary receipts and disbursements for thefiscal years 1912 and 1913: Account. 1912. 1913. Increase. Customs Internalrevenue: Ordinary Corporation tax Lands . Miscellaneous i Receipts of the District of Columbia. $311,321,672.22 $318,891,395.86 $7,569,723.64 293,028,895.93 28,583,303.73 5,392,796.75 45,092,313.79 8,483,685.46 309,410,665.81 35,006,299.84 2,910,204.69 48,896,702.41 8,827,580.69 16,381,769.88 6,422,996.11 Total Deduct moneys covered by warrant Ul year subsequent to the deposit thereof 691,902,667.88 723,942,849.30 34,522,773.48 2,482,592.06 461,792.56 337,590.05 Total Add moneys received in fiscal year but not covered by warrant 691,440,875.32 723,605,259.25 34,522,773.48 2,358,389.55 Decrease. RECEIPTS. Net available..... 3,804,388.62 343,895.23 $2,482,592.06 124,202.51 337,590.05 505,970.59 168,380.54 691,778,465.37 724,111,229.84 32,332,764.47 12,729,949.61 923,978.57 4,676,384.03 65,942,023.34 2,253,473.75 797, 704.03 24,036,297.82 1,893,037.00 1,568,194.88 19,471,567.42 13,291,813.52 592,014.73 4,978,380.09 62,113,949.60 2,220,460.24 829,554. 96 22,383,756.70 2,169,340.97 1,027,368.79 20,469,027.70 14,466,998.31 9,716,999.76 2,388,838.31 12,959,542.46 14,610,837.19 10,423,632.19 2,878,325.95 12,841,210.79 143,838.88 706,632.43 489,487.64 173,824,989.29 170,829,673.42 3,509,434.10 148,795,42L92 135,691,955.72 20,134,839.80 153,590,466.26 22,616,300.48 160,387,452.85 133,262,86L97 20,306,158.90 175,085,450.29 22,899,108.08 11,592,030.93 664,553,963.47 682,770, 705. 51 37,224,50L90 41,340,524.33 DISBURSEMENTS. Legislative Executive State Department Treasury Department War Department, civU Navy Department, civil . . Interior, civil . . Post Office Department proper... Postal deficiencies Department of Agriculture. Department of Commerce and Labor Department of Justice Tndpppn(leut offif.PR. . .... District of Columbia.. Total civU and miscellaneous. Mihtary Establishment, including rivers and harbors Naval Establishment- Indian Service Pensions. Interest on pubhc debt Total ordinary disbursements Net. Surplus 561,863.91 301,996.06 31,850.93 276,303.97 997,460.28 171,319.10 21,494,994.03 282,807. 60 37,050,585.76 28,216,742.04 331,963.84 3,828,073. 74 33,013.51 1,652,54L12 . 540,826.09 118,331. 67 6,504,749. 97 2,329,093. 75 8,833,843. 72 199 200 REPORT ON T H E FINTANCES. The total ordinary receipts are, at $724,111,229.84, the largest in our history, and this increase occurs by growth in all of the sources except the sale of lands. The net increase was $32,332,764.47. There was a reduction of expenditures in the civil and miscellaneous of $2,995,315.87, anci the Naval Establishment spent $2,329,093.75 less than in the preceding 12 months. Increased expenditures are recorded by the Military Establishment of $11,592,030.93; in the Indian Service of $171,319.10; interest on the public debt of $282,807.60, and in pensions of $21,494,994.03, which indicates the nation^s liberality to its defenders. The net growth of expenditures for the year was $28,216,742.04. THE PANAMA CANAL. The excess of mcome over outgo in the governmental finances during the past fiscal year has maintained an adequate balance in the Treasury for the ordinary operations, as well as the special activities now under way; therefore it was not deemed advisable by the Secretary of the Treasury to offer for sale additional bonds of the Panama Canal loan. The expenses incurred in the construction of that great work during the year, amounting to $41,741,258.03, were paid out of the general fund of the Treasury, and the total net balance so expended to June 30, 1913, reimbursable from the proceeds of bonds not yet sold, is $179,627,617.07. The proceeds of sales of bonds and the disbursements on account of the canal to the close of the fiscal year 1913 are set forth by years in the table following: Receipts and disbursements on account of the Panama Canal. Fiscal years. 1904 1905 1906 1907 1908 1909 1910 1911 1912 Proceeds of U n i t e d States b o n d s sold. $31,210,817.95 25,367,768.67 30,731,008.21 18,102,170.04 33,189,104.15 Total $50,174,485.00 3,918,819.83 19,379,373.71 27,198,618.71 38,093,929.04 31,419, 442. 41 33,911,673.37 37,063,515.33 35,327,370.66 Excess of— Receipts. Disbursements. $50,174,485.00 3,918,819.83 19,379,373.71 $4,012,199.24 12,726,160.37 688,434.20 33,911,673.37 18,961,345.29 2,138,266.51 138,600,869.02 276,487,228.06 41,741,258.03 4,012,199.24 141,898,558.28 41,741,258.03 138,600,869.02 318,228,486.09 4,012,199.24 183,639,816.31 179,627,617.07 1913 Net Disbursements for P a n a m a Canal. RECEIPTS AND DISBURSEMENTS ON ACCOUNT OF THE POST OFFICE DEPARTMENT. The receipts on account of the Post Ofl&ce Department during the fiscal year were $278,107,699.11, and the disbursements $271,001,697.41. Of these amounts $188,232,180.97, or more than two-thirds, was received and disbursed directly by postmasters without being deposited in the Treasury. Such disbursements are authorized by existing law, and are accounted for under the provisions of section 406 of the Revised Statutes of the United States. Advances were made from the Treasury to meet deficiencies in the postal revenues of $3,027,368.79 during the year, of which $2,000,000 was repaid in the month of January. The Post Ofl&ce Department warrants issued by the Postmaster General, which heretofore have been drawn on the assistant treasurers 201 TREASURER. of the United States at Chicago, New York, and San Francisco, by agreement of the Postmaster General were embraced in Department Circular No. 5, and since February 1, 1913, have been drawn on the Treasurer of the United States; they are payable by any assistant treasurer or regular national-bank depositary of the United States. A statement bf the transactions relating to the account for the service of the Post Ofl&ce Department with the Treasury during the fiscal year 1913 will be found on page 237. TRANSACTIONS IN THE PUBLIC DEBT. Postal-savings bonds, authorized by the act of June 25, 1910, were issued during the fiscal year 1913 to the amount of $1,929,840. The deposits of lawful money of the United States, under the act of July 14, 1890, to retire national-bank notes were $21,471,010, which, with the deposits for the postal-savings bonds, makes a total of $23,400,850 in actual cash received on account of the public debt, while the cash disbursements on account of the principal of matured loans and fractional currency were $102,575 and for national-bank notes canceled and retired $24,089,035.50, a total disbursement for the public debt of $24,191,610.50. The net result was an excess of disbursements of $790,760.50. . The transactions relating to the replacing or retiring of the w^orn and mutilated paper currency, issued under the direct authority of the Government are included in the account of the public debt. The details for the past two years may be observed in the table following. Receipts and disbursements on account of the p u b l i c debt f o r 1912 a n d 1913. 1912 Account. 1913 Increase. Decrease. RECEIPTS. Postal-saviags bonds Lawful money deposited to retire national-bank notes. Total Notes and certificates issued: United States notes . Gold certificates.. Silver certificates... $459,280.00 $1,929,840.00 20,078,365.00 21,471,010.00 1,392,645.00 20,537,645.00 23,400,850.00 2,863,205.00 149,660,000.00 355,760,000.00 411,432,000.00 163,000,000.00 468,510,000.00 403,952,000.00 13,340,000.00 112,750,000.00 916,852,000.00 Total Panama Canal loan: Proceeds of bonds sold— Priacipal... Premium $1,470,560.00 1,035,462,000.00 ,126,090,000.00 32,358,366.00 830,738.15 7,480,000.00 32,358,366.00 830,738.15 33,189,104.15 TotaL. Aggregate $7,480,000.00 33,189,104.15 970,578,749.15 1,058,862,850.00 88,284,100.85 119,380.00 1,236.03 28,527,711.50 101,030.00 1,545.00 24,089,035.50 308.97 28,648,327.53 24,191,610.50 308.97 149,660,000.00 317,000.00 310,573,300.00 393,382,000.00 163,000,000.00 269,000.00 421,840,200.00 401,951,000.00 111,266,900.00 8,569,000.00 DISBURSEMENTS. United States bonds retired Fractional currency retired National-bank notes retired .... : Total Notes and certificates redeemed: United States notes Treasury notes Gold certiflcates SUver certificates... Total.... Aggregate 853,932,300.00 ' Exc^ess of receipts . 13,340,000.00 987,060,200.00 433,175,900.00 882,580,627.53 1,011,251,810.50 87,998,121.62 47,611,039.50 128,671,182.97 18,350.00 4,438,676.00 4,457,026.00 48,000.00 48 000.00 202 REPORT ON T H E FINANCES. In a study of the foregoing table it will be observed that the United States notes issued and credited in the general account as a receipt are offset by an equal amount of worn or unfit notes in kind withdrawn therefrom, canceled, and retired, which is in accordance with the provisions of the act of May 31, 1878. In explanation of the manner of issuing and redeeming gold certificates, silver certificates, and Treasury notes of 1890, it may be said that for certificates issued and credited in the general account an equal amount of the respective kinds of money held in the general account is transferred therefrom to, and retained in, the trust funds for their redemption; for gold certificates, silver certificates, and Treasury notes withdrawn from the general fund, canceled, and retired, a like amount of the respective coins is released from the trust funds and brought into the general fund in their stead. PUBLIC DEBT, 1912 AND 1913. At the close of the fiscal year 1913 the outstanding priacipal of the interest-beariag debt was $965,706,610, an increase of $1,929,840 as compared with t h a t of 1912. The increase was caused by the issue of postal-saviags bonds. ^ The debt bearing no iaterest amounted to $377,341,134.66, a decrease of $2,720,600.50. The certificates and notes issued on deposits of coin and bullion (trust funds, act of March 14, 1900) increased $48,401,800, and amounted to $1,572,937,169 at the close of the fiscal year June 30, 1913. Comparison of the public debt is made, by items, for the fiscal years 1912 and 1913 in the following statement: Public debt, 1912 and 1913. Rate. Interest-bearmg debt: Consols of 1930 L o a n of 1908-1918 L o a n of 1925 • P a n a m a C a n a l loan Do P o s t a l savings b o n d s Total - : P.ct. 2 3 .... 4 2 3 2i W h e n payable. Outstanding J u n e 30, 1912. After A p r . 1,1930.. After A u g . 1,1908.. F e b . 1,1925 A u g . 1,1916 J u n e 1,1961 J u l y 1,1931 $646,250,150.00 63,945,460.00 118,489,900.00 84,631,980.00 50,000,000.00 459,280.00 $646 250,150.00 63,945,460.00 118,489,900.00 84,631,980.00 50,000,000.00 2,389,120.00 963,776,770.00 965,706,610.00 1,760,450.26 53,282.50 346,681,016.00 24,710,83L5O 6,856,154.90 1,659,550.26 53,152.50 346,681,016.00 22,092,806.00 6,854,609.90 380,061,735.16 377,341,134.66 1,040,067,369.00 481,549,000.00 2,929,000.00 1,086,727,169.00 483,550,000.00 2,660,000.00 ..: Debt bearing no interest: M a t u r e d loans Old d e m a n d notes U n i t e d States notes N a t i o n a l - b a n k notes F r a c t i o n a l cuiTcncy On demand .....do . . . do do do ... Total Certificates a n d n o t e s issued on deposits of coin a n d buUion ( t r u s t funds, act Mar. 14,1900): Gold certificates Silver certificates T r e a s m y n o t e s of 1890 Total Aggregate On demand do do Outstanding J u n e 30,1913. 1,524,535,369.00 1,572,937,169.00 2,868,373,874.16 2,915,984,913.66 208 TREASURER. PAYMENT OF INTEREST ON THE REGISTERED BONDS OF THE STATES. UNITED For interest on registered bonds of the United States, due June 1, 1912, and thereafter, checks have been prepared and mailed from the ofl&ce of the Secretary of the Treasury. Such checks bear a certificate as to the principal of bonds registered in the name of the payee, over the facsimile signature of the Chief of the Division of Loans and Currency; they also bear t h e facsimile signature of the Secretary of the Treasury, and are countersigned by a clerk in his ofl&ce. These checks were embraced in Department Circular No. 5, and since February 1, 1913, have been drawn on the Treasurer of the United States, b u t are payable by any assistant treasurer or regular national-bank depositary of the United States, and the amount so disbursed is included inthe requisition for reimbursement made by the Treasurer at the end of the month. The paid checks are sent to the Register of the Treasury for an administrative examination, who in turn forwards them to the Auditor for the Treasury Department. RESERVE AND TRUST FUNDS. The redemptions from the reserve fund during the past fiscal year were, in United States notes, $67,850,957, and in Treasury notes $67,830, making a total of $67,918,787. Under the provisions of the act of March 14, 1900, the redeemed notes were exchanged for gold coin each day, and thereby the reserve was maintained at the fixed amount of $150,000,000. There was no apparent disposition on the part of the holders of United States notes to use them in withdrawing gold coin from the Treasury. The transactions in the reserve fund represent more truly exchanges to secure an accommodation in denominations of currency. At the close of the fiscal year 1913 the trust funds amounted to $1,572,937,169, of which $887,471,847 was in gold coin, $199,255,322 in gold bullion, and $486,210,000 in standard silver dollars. There was an increase during the year of $46,669,800 in the gold held against the outstanding gold certificates, and of $1,732,000 in the silver dollars held against outstanding Treasury notes of 1890 and silver certificates. The transactions in trust-fund obligations during the fiscal year 1913 are recorded in the statement foflowing: Fiscal year 1913. Outstandiag .June 30, 1912. Gold certificates Silver certificates Treasury notes .. . TotaL... Outstandiag June 30, 1913. Issued. Redeemed. $1,040,057,369 481,549,000 2,929,000 $468,510,000 403,952,000 $421,840,200 401,951,000 269,000 $1,086,727,169 483,550,000 2,660,000 1,524,535,369 872,462,000 824,060,200 1,572,937,169 The foregoing statement does not include $220,000 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. V 204 REPORT ON THE FINANCES. STATEMENT OF THE TREASURY OF THE UNITED STATES. At the close of the fiscal year 1913, from the revised figures of the several funds, the holdings of moneys in the Treasury amounted to $2,014,140,698.25 and was set apart as follows: RESERVE rUND. Gold coin and bullion $150, 000, 000 TRUST FUNDS. [Held for the redemption of the notes and certiflcates for which they are respectively pledged.] Gold: . Gold certificates outCoin. . . . 1885,831,141 standing $1,086, 947,169 Bullion . 201,116, 028 Silver certificates out$1, 086, 947,169 standing 483, 550, 000 Silver dollars 483, 550, 000 Treasury notes outstandSilver dollars of 1 8 9 0 . . . . 2, 660, 000 ing 2,660,000 Total: 1, 573,157,169 GENERAL FUND Total.... 1,573,157,169 CASH IN THE VAULTS. After setting out from the assets of the Treasury the appropriate kinds of money to meet the requirements of the reserve and trust funds, the balances of each kind of money held belong to the general fund of the Treasuiy, from which, however, must be deducted the current liabilities. The items composing the generar fund are subdivided; the first part shows the amount of each kind of available cash actuaUy held in the vaults of the Treasury ofl&ces, the demands against the same, and the working balance in such offices; the second part shows the amounts of public moneys in national banks and other depositaries to the credit of the Treasurer of the United States and of disbursing officeis, the demands against the sama, and the net balance in such depositaries subject to draft; the third part shows the cash items held in Treasury ofl&ces, but which, under provisions of law, are of limited tender or unavailable for payinent. The assets in the general fund in the Treasury on June 30, 1913, and the demand liabilities outstanding on that date were as follows: I n Treasury offices: Gold coin Gold certificates Standard silver dollars Silver certificates United States notes Treasury notes of 1890 National-bank notes Certified checks on banks $25, 413, 866.87 82, 949,460.00 9, 936, 070.00 14,421, 408.00 9,465, 836.00 :. 3,330.00 15, 311,542.47 343,190. 58 $157, 844, 703. 92 Deduct current liabilities: National - bank 5 per cent f u n d . . . . . . . . . $28,092,127.73 Less notes in process of red e m p t i o n . . . . 28,092,127.73 Outstanding . warrants and checks : Balance to credit of disbursing officers 34,118,314.81 90,590,674.36 TREASURER. Deduct current liabilities—Con^. Post Office Department balance Miscellaneous items Board of tfustees, Postal Savings System 205 $6,452, 334.59 10, 618, 605.32 2, 540,446.92 144, 320, 376.00 Less warrants and checks not cleared 57, 528, 598.04 $86,791,777.96 Worldng balance in Treasury offices I n national-bank depositaries: To credit of the Treasurer of the United States $69, 746,133.15 To credit of disbursing officers.. 6, 517, 481. 91 : I n treasury of Philippine Islands: To credit of the Treasurer of the United States 1, 061, 897.26 To credit of United States disbursing officers 2, 910, 482.71 $71, 052, 925. 96 76,263, 615.06 3, 972, 379. 97 80, 235, 995.03 Deduct current liabilities: Outstanding warrants Balances to credit of disbursing officers.... 710, 674.15 9,427,964.62 10,138,638.77 Balance in banks and in treasury of Philippine Islands 70, 097, 356. 26 I n Treasury offices: Silver bullion (at cost) $2, 064, 332.43 Subsidiary silver coin 20, 737, 926.12 Fractional currency 276.87 Minor coin 1, 997,166.63 Awaiting reimbursement: Interest on public debt 11, 000. 52 24,810,702.57 Total balance in general fund June 30, 1913 Total balance in general fund June 30, 1912 Net decrease 165, 960, 984. 79 167,152, 478.99 1,191, 494.20 AVAILABLE CASH BALANCE. At the close of the fiscal year 1913 the available cash in the general fund was $165,960,984.79, a decrease of $1,191,494.20 as compared with that of 12 months earlier. This decrease is verified by the following transactions, which include the net results in all accounts of receipts and disbursements shown on previous pages of this report: Available cash balance June 30, 1912 $167,152,478.99 Add excess of ordinary receipts over disbursements for 1913 (see p . 199) $41, 340, 524.33 Deduct": Excess of Panama Canal disbursements over receipts (see p. 200) $41, 741, 258.03 Excess of public debt disbursements over receipts (see p . • 201) 790,760.50 42,532,018.53 1,191, 494.20 Available cash balance June 30, 1913...'. 165, 960, 984. 79 206 REPORT ON T H E FINANCES. The working balance in the vaults of the Treasury at the close of the year was $71,052,925.96. I t will be seen from the foregoing figures that if an emergency should arise calling for an increase of Government deposits in depositary banks the Secretary of the Treasury is in position to give prompt and effective rehef to the business situation. The balance in the Treasury at the end of each month from January, 1907, is stated in Table No. 19, page 261, ahd for July 1 in each year since 1906 in the subjoined statement: Available cash balance (including the reserve fund) on the dates named. AvaUable cash balance. Dates. Reserve fund. July 1,1906. July 1,1907. July 1,1908. July 1,1909. July 1,1910. J u l y l , 1911. July 1,1912 July 1,1913. $150,000,000 150,000,000 150,000,000 150,000,000 150,000,000 150,000,000 150,000,000 150,000,000 General fund. Total. $180,689,354.82 272,061,445.47 245,171,347.73 126,375,428.10 106,894,675.67 140,176,926.13 167,152,478.99 165,960,984.79 $330,689,354.82 422,061,445.47 395,171,347.73 276,375,428.10 256,894,675.67 290,176,926.13 317,152,478.99 315,960,984.79 GOLD IN THE TREASURY. The gold in the Treasury at the close of the fiscal year 1913 amounted to $1,262,361,035.87, of which $1,011,245,007.87 was in coin. Under the provisions of the act of March 2,1911, gold certificates are issued against gold bullion and foreign coin deposited in the Treasury. These certificates differ in no particular from those issued against United States gold coin and are payable in such coin. The iatent and effept of the act are not to limit the free coinage of gold. The mints continue to receive all the gold that is offered, and it enters into circulation either in coin or in gold certificates. The effect is simply to allow the Treasury to carry a portion of the reserves in bullion, thus saving cost of coinage. The amount of new gold coias of current coiaage shipped to depositors therefor at the expense of the consignee for transportation charges during the fiscal year was $11,513,233.50. This is one of theannual demands made upon the Treasury and is due priacipally to the popularity of these coins for Christmas gifts, Easter offerings, birthday presents, and like purposes. The total amount of gold in the Treasury on July 1 in each year from 1906, set apart for the respective uses, is recorded in the statement following. 207 TREASURER, Gold in the Treasury. Dates. July 1,1906 July 1,1907 July 1,1908 July 1,1909 July 1,1910 July 1,1911 .July 1,1912 July 1,1913 For certiflcates ta circulation. General fund (belonging to Treasury). $150,000,000 $516,561,849 150,000,000 600,072,299 150,000,000 782,976,619 150,000,000 815,005,449 150,000,000 802,754,199 150,000,000 930,367,929 150,000,000 943,435,618 150,000,000 1,003,997,709 $140,489,841.30 154,619,431.14 71,912,063.18 77,698,852.02 92,411,286.24 83,533,254.56 114,028,646.22 108,363,326.87 Reserve. Total. $807,051,690.30 904,691,730.14 1,004,888,682.18 1,042,704,301.02 •1,045,165,485.24 1,163,901,183.56 1,207,464,264.22 1,262,361,035.87 The gold imported during the fiscal year amounted to $69,194,025, while the exports of the precious metal aggregated $77,762,622, and notwithstanding this drain there was a net increase of $54,896,771.65 in the amount held in the Treasury as compared with that of 12 months earlier. BONDS HELD AS SECURITY FOR NATIONAL BANKS. The Treasurer held in trust, at the close of the fiscal year 1913, United States bonds to the amount of $740,529,250 as security for the circulating notes of national banks. The securities pledged for pubhc deposits in the depositary banks amounted to $61,646,300. The kinds of bonds in the custody of the Treasurer of the United States and the changes therein during the fiscal year 1913 are recorded in the subjoined table: Bonds held for national banks, close of June, 1912 and 1913, and changes during 1913. Transactions during 1913. Kinds of bonds. Rate. Held June 30,1912. Deposited. Withdrawn. Held June 30,1913. TO SECURE CIRCULATION. United United IJnited United United States loaa of 1925 States loan of 1908-1918 States consols of 1930 States Panama Canal, 19161 States Panama Canal, 1918. P . ct. 4 3 2 2 2 Total. $23,790,000 19,344,620 600,248,300 52,397,840 28,712,980 $13,187,200 5,935,820 39,184,300 4,005,100 2,507,200 $4,252,700 $32,724,500 3,515,040 21,765,400 35,053,250 604,379,350 3,683,580 52,719,360 2,279,540 28,940,640 724,493?740 64,819,620 48,784,110 740,529,250 3,716,000 0,733,300 16,218,000 12,646,700 1,546,500 712,000 4,542,000 744,000 847,000 685,000 242,000 1,412,500 1,443,100 4,813,600 4,844,700 451,500 264,000 1,196,000 435,000 272,000 157,000 205,000 2,677,000 1,476,600 1,420,200 6,020,500 4,060,200 416,000 79,000 2,436,000 1,407,000 373,000 1,242,000 830,000 10,000 11,885,600 .2,825,000 3,780,100 3,710,400 17,425,000 11,862,200 1,611,000 527,000 5,782,000 1,716,000 948,000 1,770,000 867,000 10,000 11,737,600 48,309,500 31,656,100 18,319,300 61,646,300 TO SECURE PUBLIC DEPOSITS. United States loan of 1925 United States loan of 1908-1918 United States Paaama Canal, 1961. United States consols of 1930 United States Panama Canal, 1916., United States Panama Canal, 1918. .Phllppine loans Porto Rico loans District of Columbia Territory of Hawah Philipptae Railway : Manila Railroad State, city, and railroad Total. 4 3 3 2 2 2 4 4 3.65 (0 4 4 (0 1 Various. 208 REPORT ON THE FINANCES. BONDS HELD AS SECURITY FOR POSTAL SAVINGS FUNDS. At the close of the fiscal year 1913 the Treasurer of the United States held in trust, under the provisions of the act of June 25, 1910, bonds and securities amountiag to $63,851,061.42, as security for postal savings funds deposited in designated depositaries. The kinds of securities held and the changes therein during the year are recorded in the statement following: Bonds held to secure postal-savings funds, close of June, 1912 and 1913, and changes during 1913. Transactions during 1913. Kind of bonds. Rate. Held June 30 1912. Held June 30, 1913. Deposited. 2_ United States loan of 1925 United States loan of 1908-1918.... United States Panama, 1961 United States consols of 1930 United States Panama, 1916-1936. United States Panama, 1918-1938. Philippine loans Porto Rico loans District of Columbia Territory of Hawau State loans City loans County loans Miscellaneous loans Total. Withdrawn. $496,900.00 548,060.00 4,018,500.00 830,300.00 90,000.00 40,000.(f0 1,333,000.00 1,428,000.00 266,000.00 1,000,000.00 5,683,900.00 23,674,477.94 5,264,900.00 5,558,333.32 5,000.00 687,000.00 456,000.00 220,000.00 165,000.00 52,500.00 146,500.00 411,000.00 263,000.00 3,682,500.00 931,000.00 11,055,042.82 3,439,202.66 2,231,500.00 890,820.00 2,718, 700.00 937,950.00 $560, 900.00 618, 980.00 3,631,500.00 859, 300.00 108, 000.00 35, 000.00 1,564,000.00 1,483,000.00 172, 000.00 1,148,000.00 8,435,400. 00 31,290, 318.10 6,605,580.00 7,339,083.32 50,232,371.26 22,433,162. 82 63,851,061.42 $79,500.00 148,920.00 845,500.00 283,000.00 18,000.00 $15,500.00 78,000.00 1,232,500.00 254,000.00 8,814,472.66 1 Various. The following-described securities, at the respective values herein fixed, will be accepted by the board of trustees as security for postal-savings dei)osits, viz: (a) Bonds of the United States, of the Phihppine Islands, of the District of Columbia, and of Porto Rico, will be accepted at their par value. (6) Bonds of any State of the United States and of the Territory of Hawaii will be accepted at their market value, but if such market value is above par, they will be accepted at their par value. (c) Bonds of any city in the United States having a population of over 30,000, as shown by the latest annual report of the Bureau of the Census, entitled ''Official Statistics of Cities having a Population of over Thirty Thousand," which has been in existence for a period of 10 years, which for a j)eripd of 10 years previously has not defaulted in the payment of any part of either principal or interest of any funded debt authorized to be contracted by it, and whose net funded indebtedness does not exceed 10 per cent of the valuation of its taxable property, to be ascertained by the last preceding valuation for the assessment of taxes, will be accepted at 90 per cent of their market value, but if such market value is above par, they will be accepted at 90 per cent of their par value. (d) Bonds of any other city, town, county, or other legally constituted municipality or district in the United States, which has been in existence for a period of 10 years, which for a period of 10 years previously has not defaulted in the payment of any part of either prmcipal or interest of any funded debt authorized to be contracted by it, and whose net funded indebtedness does not exceed 10 per cent of the valuation of its taxable property, to be ascertained by the last preceding valuation for the assessment of taxes, will be accepted at 75 per cent of their market value, but if such market value is above par, they will be accepted at 75 per cent of their par value. The term *'net funded indebtedness," for the purposes of paragraphs (c) and (d), is hereby defined to be the difference between the legal gross indebtedness of a city, town, county, or other municipality (including; the amount of any school district or other bonds which depend for their redemption upon taxes levied upon property within the municipality) and the aggregate of the following items: 209 TREASURER. (1) The total of all sinking funds accumulated for the redemption of such gross indebtedness, except sinking funds applicable to bonds hereafter described in this section. (2) The amount of outstanding bonds or other debt obligations made payable from current revenues. (3) The amount of outstanding bonds issued for the purpose of providing the inhabitants of a "municipality with public utilities, including the supplying of water or the construction of subways and tunnels for railways: Provided, That evidence is submitted showing that the income from such utilities is sufficient for maintenance, for payment of interest on such bonds, and for the accumulation of a sinking fund for their redemption. (4) The amount of outstanding improvement bonds, issued under laws which provide for the levying of special assessments against abutting property in sufficient amounts to insure the payment of interest on the bonds and the redemption thereof: Provided, That such bonds are direct obligations of the municipality and included in the gross indebtedness of the municipality. The board of trustees reserves the right to reclassify the securities acceptable for deposits.and to change the valuation at which they will be accepted. Under no circumstances will securities of other classes than those above named be accepted. POSTAL SAVINGS BONDS AND INVESTMENTS THEREIN. The trustees of the Postal Savings System, under a general authority conferred upon them in the postal saviags law, have arranged to take over at par any of the postal savings bonds that depositors may wish to turn back. Under the arrangement outliaed in the foregoing the Treasurer of the United States held on June 30, 1913, $117,460 ia postal savings bonds, representing investments made by the board of trustees, Postal Savings System. The first imvestment ia these bonds was made on December 9, 1911, when they were quoted ia the open market at 92^ cents on the dollar. All of such bonds held b}^ the Treasurer are registered in the name of the board of trustees. WITHDRAWAL OF BONDS TO SECURE CIRCULATION. Under the provisions of the act of March 4, 1907, the deposits of lawful money to retire national bank notes was limited to $9,000,000 per month, but this limit was not reached ia any month duriag the past fiscal year. The national bank notes outstandiag took on a growth of $14,022,914 during the fiscal year and amounted to $759,157,906 on June 30, 1913, which apparently indicates that there was an active demand for money throughout the country, and under such conditions there was no disposition on the part of the national banks to contract the volume of their circulating notes. The deposits of lawful money and the amount of bank circulation outstandiag may be studied in the monthly statement following: Month. July August — September. October.... . November. December. January... Deposits of lawful money. Nationalbank notes outstanding. $1,452,000 1,263,360 1,804,000 1,425,425 785,492 821,800 1,106,393 $744,905,941 746,501,307 747,779,654 749,348,859 750,185,776 750,972,246 750,481,769 1 6 7 2 6 ° — F I 1913-- -14 Month. Deposits of lawful money. February... March April May June $4,636,335 2,088,497 1,062,095 1,552,703 3,472,910 Total. 21,471,010 Nationalbank notes outstandiag. $751,117,794 752,059,332 753,076,674 755,294,066 759,157,906 210 NATIONAL REPORT ON T H E FINANCES. BANKS DESIGNATED AS DEPOSITARIES STATES. OF THE UNITED The Secretary of the Treasury determines, the number of such depositaries and. the amount of public money required in each for the transaction of the public busiaess, fixes the amount of balances they may hold, and .requires the banks thus designated to give satisfactory security, by the deposit of United States bonds and otherwise, for the safe-keeping and prompt payment of the public money deposited with them, and for the faithful performance of their duties as financial agents of the Government. The regular depositaries receive and disburse the public moneys, whUe the special depositaries hold only the moneys transferred to them from the Treasury. All of the depositaries are required to pay iaterest at the rate of 2 per cent per annum from and after June 1, 1913, on the average monthly amount of public deposits held. The number of national-bank depositaries at the close of the fiscal years 1912 and 1913 may be observed in the statement followiag: Regular. Depositaries June 30,1912.. Depositaries June 30^ 1913.. 424 850 Special. 1,353 1,535 At the close of the fiscal year 1913 there were 1,535 depositary banks and the total amount of pubhc moneys held therein was $76,263,615.06, which was secured by bonds pledged therefor with the Treasurer of the United States. PUBLIC DEPOSITS IN NATIONAL BANKS. At the close of the fiscal year 1912 the balance in depositary banks to the credit of the general fund was $37,953,488.51, and to the credit of disbursing officers $10,552,697.26, making a total of $48,506,185.77. The worldng balance in the Treasury offices at the beginning of the fiscal year 1913 was $98,742,425.40, an amount largely in excess of the actual requirements of the department for the transaction of the pubhc business. As there was no necessity for withdrawing the pubhc deposits from national banks, there was but slight change in the total holdings of the depositary banks during the first half of thefiscal year. On January 9, 1913, the Secretary of the Treasury (Mr. MacVeagh), issued Department Circular No. 5, which inaugurated a radical change in the manner of handhng and disbursing the pubhc funds. I t provided, first, that on and after February 1, 1913, every deposit of funds to the official credit of a disbursing officer (except those stationed in the Phihppine Islands) shall be made with the Treasurer of the United States; second, all moneys standing to the official credit of disbursing officers with assistant treasurers and active designated depositary banks at the close of business January 31, 1913, shall be transferred to hke credit of such disbursing officers with the Ti^easurer of the United States, through the medium of the TREASURER. >211 general account of the Treasurer of the United Stateg; third, all Treasury Department warrants. Post Office Department warrants, disbursing officers' checks, checks in payment of interest on the pubhc debt, and Secretary's special deposit checks shall be drawn on the Treasurer of the United States. I t contemplated that each assistant treasurer and each active designated depositary bank shall pay the warrants and checks enumerated in the foregoing when drawn on the Treasurer of the United States and presented in due course of business; the warrants and checks so paid tOt be scheduled daily, charged ui the regular transcripts of the general account as a transfer of funds, and forwarded to the Treasurer of the United States. I t made necessary a more extended use of national banks as Government depositaries, and required an adjustment of the balances then in such depositaries with a view of making a broader distribution of the pubhc funds. At the end of January, immediately preceding the beginning of operations under the new system of accounting, the balance in banks to the credit of the general fund was $33,426,832.85, and to the credit of disbursing officers $13,154,055.74. Complying with the instructions given for operations under the new system of accounting, large amounts standing to the credit of disbursing officers on the books of depositary banks were transferred to like credit with the Treasurer of the United States through the medium of the general account, and as a result the balance in banks to the credit of the general fund became $44,423,609.19 by the close of February, while the amount standing to the credit of disbursing officers (principaUy court funds and postmasters' balances) was reduced to $4,644,873.51, making a total holding of $49,068,482.70. As the warrants and checks issued on Government account drift to commercial centers, the depositary banks thereia were called upon to make payment of these obligations in greater amount than had formerly been the practice; consequently there was necessity for some increase of balances in the depositary banks located in such centers, and the amounts requhed for the purpose were withdrawn from dep'ositary banks ia localities where the funds were not required for such disbui'sements. The adjustment of balances in banks to meet the changed conditions was continued during the months of March and April without increasing the public deposits therein to any great extent. On April 30, 1913, the Secretary of the Treasury gave notice that on and after June 1, 1913, all depositary banks would be requhed to pay interest at the rate of 2 per cent per annum on the average monthly amount of public funds held by them, such interest to be paid semiannally January 1 and July 1 of each year. The depositary banks were requested to advise the department at once whether they desired to contiaue as depositaries under this new regulation as to the payment of interest, and if they wished to retain the full amount now on deposit or only a portion of the public funds which they are authorized to hold. Less than a dozen of the 1,500 depositaries declined to retain the deposits and pay interest thereon, and a few others requested that the public moneys therein be reduced. The Secretary also stated that, under section 5153 of the Revised Statutes, national banks which have been or may be designated as 212 REPORT ON T H E FINANCES. Government depositaries, instead of placing with the Treasurer as security for deposits as heretofore bonds exclusively of the United States or of the provincial Govermnents for the full amount of their deposits, wUl hereafter be allowed to secure 70 per cent of such deposits with Government bonds of the above classes and the remaining 30 per cent at the election of the depositary bank, either with similar Government bonds at par or with high-class State, city, and county bonds, acceptable to the Secretary of the Treasury, to be taken as security at 75 per cent of their market value, but not to exceed par. With the banks paying interest on Government deposits the Secretary is justffied in keeping larger balances in the national banks, thereby increasing the volume of money in circulation, and to that extent reducing the amount locked up in the Treasury. The free balance in the general fund at this time being in excess of the immediate requirements of the department the Secretary has authorized the transfer from the Treasury to national bank depositaries in diffeivent sections of the country of $10,000,000. To offset the drain upon the money in circulation in the District of ^ Columbia due to the collection of taxes in the month of May and the depo^sit of the money in the Treasury of the United States, the Secretary of the Treasury on May 6 directed that the public deposits in the national banks of the District of Columbia be increased by $4,000,000, the transfers to be made in four equal installments on May 15, 26, June 5 and 16, and to be divided among the several banks ia proportion to the total deposits therein, and to be secured by bonds deposited with the Treasurer of the United States. Of the amount so placed, the depositary banks were required to return to the Treasury 20 per cent on or before July 15, 1913, 20 per cent on or before August 15, 1913, 10 per cent on or before September 15, 1913, and a like sum on or before the 15th of each succeediag month, making the final payment on or before February 14, 1914. The department reserved the right to demand an earlier return of the money deposited if for any reason it should be deemed advisable. Interest at the rate of 2 per cent per annum is required on this deposit. At the end of May, 1913, the balance in banks to the credit of the general fund was $46,825,967.40 and to the credit of disbursing officers $5,488,284.91, making a total of $52,314,252.31. The greater part of the corporation tax is paid in June (the last month of the fiscal year); therefore the income and outgo of public moneys through the depositary banks is greater in this month than in other months of the year. The collectors of internal revenue rieceived payments of this tax until a late hour on the last day of the fiscal year and as a result the collections were deposited in banks, in many instances, after bankiag hours, and transfers thereof to Treasury offices could not be eff'ected until the succeediag bushiess day. At the close of the fiscal year on June 30, 1913, the balance m banks to the credit of the general fund was $69,746,133.15, and to the credit of disbursiag officers $6,517,481.91, makiag a total of $76,263,615.06. TREASURER. 213 GENERAL ACCOUNT OF THE TREASURER OF THE UNITED STATES. The lYeasurer receives and keeps the moneys of the United States and disburses the same upon warrants drawn by the Secretary of the Treasury, countersigned by the Comptroller of the Treasury, and not otherwise. He takes receipts for all moneys paid by him and gives receipts for aU moneys received by him; and aU receipts for moneys received by him are indorsed upon warrants signed by the Secretary of the Treasury, without which warrant, so signed, no acknowledgment for money received into the Public Treasury is valid. He renders his accounts quarterly, or oftener if requhed, and at all times submits to the Secretary of the Treasury and the Comptroller of the Treasury, or either of them, the inspection of the moneys in his hands. As a matter of information, it may be said that all public moneys paid into any subtreasury office, national bank depositary, or other depositary, are placed to the credit of the Treasurer of the United States and held subject to his draft. The public moneys in the hands of any depositary of public moneys may be transf erred to the Treasury of the United States or may be transferred from one depositary to any other depositary, as the safety of the public moneys and the convenience of the public service shall require. The public moneys in any subtreasury, mint, or other depositary are subject to special exammation and count whenever it is deemed advisable by the Secretary of the Treasury. Such examinations of the moneys in the subtreasuries are frequently made by committees representing the Secretary and the Treasurer. Annual examiaations of the public moneys in mints are made by committees selected by the Director of the Mint, but as these moneys are a part of the general account it is suggested that the Treasurer of the United States should have a representative on aU such committees. Under the operations of department circular No. 5, an immense volume of accounting was transferred to the office of the Treasurer, requiring a large addition to the clerical force for the performance of the duties. All credits to disbursiag officers are now placed on the books of the Treasurer, and such disbursiag officers conduct theh bushiess with the Treasurer of the United States only. There are about 4,000 accounts with balances, of which more than 1,900 are very active. The checks handled daily on these accounts number approximately 30,000, and the regulations requhe monthly statements of transactions in each account to be rendered to the respective disbursing officers. MONETARY STOCK. The figures annexed give the data for a comparison of the monetary stock of the country at the close of June, 1912 and 1913. The gold coin and bulhon show an increase in the fiscal year 1913 of $52,573,418. The silver coins advanced in volume by $4,872,034. United States notes remained under the law unchanged. Treasury notes fell off $269,000. National-bank notes received an increment of $14,022,914. The net increase during the fiscal year was $71,199,366. 214 REPORT ON T H E FINANCES. Monetary stock. [This statement represents the monetary stock of the United States, as shown by the revised statements for June 30,1912 and 1913.] In Treasury and mints. Kinds. I n circulation. T o t a l stock. "jUN.E 30, 1912. (rold coin a n d bullion Silver dollars S u b s i d i a r y silver . , . , , . . Total m e t a l l i c . . . . United States notes T r e a s u r y n o t e s of 1890 National-bank notes Total notes Aggregate metallic a n d notes Gold certificates Silver certificates $1,207,464,264 495,009, 446 25,554,007 $610,724,153 70,339,574 145,034,198 $1,818,188,417 565,349,020 170,588,205 1,728,027,717 826,097,925 2,554,125,642 8,983,695 13, 430 39,992,733 337,697,321 2,915, 570 705,142,259 346,681.016 2,929,000 745,134,992 48,989,858 1,045, 755,150 1,094,745.008 1, 777,017,575 1,871,853,075 3,648,870,650 96,621,751 12,324,600 943,435, 618 469,224, 400 108,946,351 T o t a l certificates 1,412, 660,018 3,284,513,093 3,648,870,650 1,262,361,036 493,486,070 20, 737,926 608,400, 799 72,127,193 154,458,070 1,870,761,835 565,613,263 175,195,996 1,776,585,032 834,986,062 2,611,571,094' 9,465,836 3,330 43,403,670 337,215,180 2,656, 670 715,754,236 346,681,016 2,660,000 759,157,906 Aggregate = . J U N E 30, 1013. Gold coin a n d bullion Silver dollars S u b s i d i a r y silver T o t a l metallic United States notes T r e a s u r y n o t e s of 1890 National-banknotes Total notes Aggregate metallic a n d n o t e s . . Gold certificates Silver certificates 52,872,836 1,055,626,086 1,108,498,922 1,829,457,868 1,890,612,148 3,720,070,016 82,949,460 14,421, 408 1,003,997,709 469,128,592 97,370,868 T o t a l certificates 1,473,126,301 3,363,738,449 Aggregate . 3,720,070,016 RATIO O F G O L D TO T H E T O T A L STOCK OF M O N E Y . The annual growth in the volume of gold as compared with the total stock of money since July 1, 1906, may be observed in the table following: Ratio of gold to total stock of money from July 1, 1906. [From the revised statements of the Treasury Department.] Dates. July July July July July July July July 1,1906. 1,1907. 1,1908. 1,1909 1,1910 1,1911 1,1912 1,1913 Total stock of money. Gold. $3,069,976,591 $1,475, 706, 765 3, M 5 , 728,887 1,466,389,101 1,618,133,492 3,378,764,020 3,406, 328,354 1,642,041,999 3,419, 591,483 1,636,043,478 3,555, 958,977 1,753,196,722 1,818,188,417 3,648,870,650 1,870,761,835 3,720,070,016 Percent. 48.07 47.06 47.89 48.20 47.85 49.30 49.82 50.28 215 TREASURER. MONEY IN CIRCULATION. The money in circulation has again broken the record of previous years and attained a maxunum at $3,363,738,449 on June 30, 1913. The increase during the last fiscal year was $79,225,356, of which $58,238,737 was ia gold coin and gold certfficates. The circulation per capita was $34.56. I t will be observed that the volume of national-bank notes in circulation took on a growth of $10,611,977 as compared with that of 12 months earlier. I t has been asserted by financial students that this increase in bank notes at a time of low-money rates would iaevitably have a tendency to produce exports of gold. If such results be expected, it will be of interest to learn what proportion of the total chculation the national-banlc notes represent as compared with thegold, sUver, and United States notes." This is shown in the statement f ollowme:: July 1— 1906 1911 1913 Per cent. Per cent. Per cent. Per cent. 43.3045.53 47.28 47.93 24.13 21.96 20.67 20.68 1 12.54 10.65 11.08 10.11 20.03 21.43 21.40 21.28 Gold coin and certificates Silver coin and certificates United States notes.. . Treasury notes of 1890 National-bank notes Total... 1909 . . . 100.00 100.00 100.00 100.00 The most noticeable movement shown by this comparison is the great increase in the gold chculation. The kinds of money in circulation, the circulation per capita, and the percentage of gold coin and certfficates to the total chculation may be studied from the subjoined table: Money in circulation at the end of each fiscal year from 1906. Money in circulation. • Fiscal years. 1906 1907 1908 1909 1910 1911 1912.. 1913 United Gold com states notes Nationaland gold cer- ,and Treasury bank notes. tificates. notes. Silver coin and silver, certificates. Total. $1,185,216,924 $343,277,540 $548,001,238 $660,150,926 $2,736,646,628 1,161,765,670 348,245,590 589,242,125 673,699,070 2,772,956,455 1,396,221,429 344,359,852 631,648,680 665,785,527 3,038,015,488 1,414,343,147 344,321,682 665,538,806 682,037,022 3,106,240,657 1,393,632,192 338,450,395 683,659,535 686,613,483 3,102,355,605 1,519,663,467 342,226,378 687,701, £83 664,411,468 3,214,002,596 1,554,159,771 340,612,891 705,142,250 684,598,172 3,284,513,093 1,612,398,508 339,871,850 715,754,236 695,713,855 3,363,738,449 Percentage of Circu- gold coin lation and certificates per capita. to total circulation. 32.32 32.22 34.72 34.93 34.33 34.20 34.34 34.56 43.30 41.90 45.95 45.53 44.91 47.28 47.31 47.93 216 REPORT ON T H E FINANCES. CIRCULATION AND POPULATION. The population of the United States, it is estimated, has increased over 12,000,000 since July 1, 1906, and the money in chculation for the same period has taken on a growth of more than $630,000,000. The per capita chculation grew in the meantime from $32.32 to $34.56. I t IS apparent from the mcreasing growth in the amount of money in chculation that it is equal to if not in excess of the legitimate demand therefor. The .extension of habitation into remote districts, multiplication of lines of traffic, and the development of industrial activities are some of the requhements that must be provided for by an annual iacrease of money in chculation. Statistics relative to the money in chculation and the population, by years, may be studied in the annexed table: Increase in population and in circulation per capita. F i s c a l years. 1906 1907 1908 1909 1910 1911 1912 1913 -.- Money i a circulation. $2,736,646,628 2,772,956,455 3,038,015,488 3,106,240,657 3,102, 355,605 3,214,002,596 3,284,513,093 3,363,738,449 Population. Circulation per c a p i t a . P e r c e n t of increase of p o p u l a tion per year. 84,662,000 86,074,000 87,496,000 88,926,000 90,363,000 93,983,000 95,656,000 97,337,000 32.32 32.22 34.72 34.93 34.33 34.20 34.34 34.56 1.7 1.7 1.6 L6 1.6 4.0 1.7 1.1 P e r c e n t of increase of circulation per c a p i t a per year. 3.9 1 .3 7.8 6 1 1.7 1 .3 .4 .6 1 Decrease. CONDITION OF THE UNITED STATES PAPER CURRENCY. Thei total stock of paper currency in the United States amounted to $2,678,776,091 at the close of the last fiscal year, of which the National Government issued $1,919,618,185, or 71.7 per cent, and the national banks $759,157,906, or 28.3 per cent. The pieces outstandiag of the denominations of $5 and under number 327,008,021, of which the Government issued 297,831,944, or 90 per cent, and the national banks 29,176,077, or 9.9 per cent. During the fiscal year 1913 the Government issued 318,264,407 pieces of paper currency of the total value of $1,035,462,000, while 291,131,640 pieces of worn and unfit paper money of the total value of $987,060,200 were redeemed and retned. National banks are precluded from issuing^ $1 and *$2 notes, and the issue of $5 notes is limited to one-thhd in amount of the total circulation of the banks. Experience shows that a large number of the banks are reluctant to issue $5 notes. If the option of one-thhd in $5 bills had been taken by all national banks the normal supply of such bank bills on June 30, 1913, would have been $253,052,635 instead of tlie amount reported, viz, $143,751,670. National-bank notes are not available for ^^reserves,'' and for this reason large amounts of such circulation are returned to the Treasury by the banks for redemption in order to replenish their^^reserves.^' The expense of transportation to the Treasury in such cases is borne TREASURER. 217 by the bank of issue, while the return of the proceeds is at the expense of the owner of the notes. The owners oi Government paper currency sent to the Treasury for redemption have to pay the transportation charges both ways, and the payment of these charges under contract rates 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 Savannah, Charleston, Richmond, and other southern cities to Washington are 60 cents per $1,000. I t would be a wise and popular measure for the Government to bear the expense of transporting its unfit currency to the Treasury for redemption; and it can well afford to do this, for by the use of the registered mail, with the insurance feature attached, it would give equal opportunities to the people of all sections and reduce the expense. Bankiag institutions in all parts of the country are resorting to this method of transportation with satisfactory results. There can be no objection to the same use of the registered mail by the Government. I t is apparent that there is necessity for legislation that will equalize the expense of redemption between the different sections of the country. This may be accomplished through a more extended use of the registered mail, and in this connection the Treasurer renews the suggestion of his predecessor that recommendation be made to Congress for legislation that will remove the Ihnit on the weight of a package which may be sent through the registered mail of the United States and that will authorize the transportation of moneys to and from the Treasury or between Treasury offices by registered mail, insured. Laundering machiaes for cleaniog United States paper money received for redemption, and rendering such currency fit for further circulation, have been installed in the Treasury at Washiagton and the subtreasuries at New York, Boston, PhUadelphia, and Chicago. In planniag work for these machines it was anticipated t h a t the subtreasuries at Baltimore, St. Louis, Cinciimati, and NewOrleans would furnish from 15,000 to 20,000 notes each daily, but actual results demonstrated the fact that these offices could supply only an average of about 4,000 notes each per day. In the Treasury at Washington there was lack of employees to properly handle this work, so t h a t the roduct of the machines has been confined to such material as could e readily furnished, being silver certfficates of the denominations of $1, $2, and $5, and approximately 150,000 notes are now cleaned daUy at the Treasury and the subtreasuries. I t is expected that the number of pieces will be increased to at least 200,000 in a short time. I t is not contended that the washed notes are equal to or will give as much service as new notes, but it is believed t h a t the life of usefulness of the laundered notes will be prolonged at a very small expense. E UNITED STATES NOTES. The principal issue of United States paper money is officiaUy caUed United States notes. These are the well-known '^greenbacks'' or '4egal tenders,'/ the first issue of which was authorized by the act of February 25, 1862. The total amount authorized was $450,000,000, 218 REPORT ON THE FINANCES. and the highest amount outstanding at any time was $449,338,902, on January 30, 1864. Under the operations of enactments by Congress authoriziag the canceling and rethiag of these notes as they were received in the Treasury, the amount outstandiag had been reduced more than $100,000,000 when the process was finally stopped by the act of May 31, 1878, which required the notes to be reissued when redeemed. At that time the amount outstanding was $346,681,016 and it has not been changed since. The United States notes issued and redeemed during the last fiscal year were $163,000,000, an amount that has not been exceeded in any year smce the close of the War of the Eebellion. The demand for small denomhiations of currency is at all times urgent. The growth in the volume of United States notes of the denomhiation of $5 outstanding is the result of the efforts made by the department to supply the demand through the process of redemption and reissue—that is to say, by substituting the smaUer denomination for the higher, denominations redeemed and retired. The amounts issued and redeemed by denominations during the fiscal year 1913 are recorded in ttie annexed table: Fiscal year 1913. Outstanding June 30,1912. Denominations. One dollar Two dollars Five dollars. . Ten dollars.... Twenty dollars Fifty doUars One hundred doUars Five hundred dollars One thousand doUars Five thousand doUars Ten thousand doUars Total Unknown, destroyed Net '. . . . • . ... . . . . Issued. $1,830,994 1,374,959 169,049,930 $135,520,000 27,480,000 114,137,926 12,192,432 1,841,375 4,696,400 4,470,000 38,077,000 Redeemed. Outstanding June 30,1913 $4,012 3,918 109,762,350 45,680,430 2,127,540 154,150 488,600 435,000 4,344,000 $1,826,982 1,371,041 194,807,580 95,937,496 10,064,892 1,687,225 4,207,800 4,035,000 33,733,000 10,000 10,000 347,681,016 1,000,000 163,000,000 163,000,000 347,681,016 1,000,000 346,681,016 163,000,000 163,000,000 346,681,016 TREASURY NOTES OF 1890. The Treasury notes of 1890 are slowly disappearing under the provisions of the-act of March 14, 1900. The total amount of these notes • issued for the purchase of silver bulhon to November 1, 1893, the date of the repeal of the act, was $155,931,002. The amount redeemed and retired during the fiscal year 1913 was $269,000, and the amount outstanding at the close of the year was $2,660,000, against which standard silver dollars in equal amount are held in the trust funds for their redemption when presented. . The amount outstanding, by denominations, on June 30 for the past seven years is stated in Table No. 21, page 264. GOLD CERTIFICATES. The gold certfficates continue to advance in volumeyear by year and to add strength to our circulation. There is no Umit to the volume that may be issued for gold coin and bullion presented at the Treasury offices. The amount outstanding at the close of the last fiscal 219 TREASURER. year was $1,086,727,169, an increase of $46,669,800 as compared with that of the previous year. The denominations of these certificates are restricted to $10 and above, but as the department is liinited in its resources for the issue of currency of small denominations it becomes more apparent each year that a $5 gold certfficate is an absolute necessity. Large amounts of gold certificates are returned to the Treasury daily for redemption usually accompanied with a request for the return of a part of the proceeds in denominations of $5. If the departraent were clothed with authority to issue a $5 gold certificate, it would be in condition to respond to all demands for denominations of $5 and under. The gold certificates issued and redeemed, by denominations, during the fiscal year 1913 are stated in the table following J* Fiscal year 1913. Denominations. Ten dollars Twenty dollars... Fifty dollars One hundred doUars.. Five hundred dollars.. One thousand dollars. Five thousand dollars, Ten thousand dollars.. Total Outstanding June 30,1912. Outstanding June 30,1913. Issued. Redeemed. $226,435,300 256,496,964 65,053,055 80,127,550 18,239,000 66,765,500 95,020,000 241,920,000 $179,360,000 103,680,000 19,400,000 24,400,000 4,100,000 10,500,000 10,000,000 117,070,000 $117,389,190 82,625,760 15,727,800 20,377,950 4,039,500 12,320,000 28,290,000 141,070,000 $288,406,110 277,551,204 58,725,255 84,149,600 18,299,500 . 64,945,500 76,730,000 217,920,000 1,040,057,369 468,510,000 421,840,200 1,086,727,169 SILVER CERTIFICATES. The volume of silver certificates outstanding increased during the fiscal year from $481,549,000 to $483,550,000, and this growth was in denominations of $1, $2, and. $5. The resources of the department for the issue of silver certificates of the smaUer denominations, which are in great demand, is limited to the free silver dollars in the Treasury, however this resource is augmented through the process of redemption and reissue. The silver certfficates of the denominations of $10 and above as they are redeemed are reissued in denominations of $5 and under. The transactions in silver certificates, by denominations, during the last fiscal year are shown in the following table: Fiscal year 1913. Denominations. OnedoUar Two doUars Five dollars Ten dollars Twenty doUars Fifty doUars One himdred dollars. Five hundred doUai's. One thousand dollars. Total Outstanding Jime 30,1912. Outstanding June 30,1913. Issued. Redeemed. $161,327,436 62,854,116 227,178,187 20,757,611 4,488,670 4,417,760 480,220 22,000 23,000 $204,048,000 68,664,000 131,240,000 $186,520,307 65,358,493 139,353,110 8,952,340 683,700 1,023,550 57,500 481,549,000 403,952,000 1,000 $178,855,129 66,159,623 219,065,077 11,805,271 3,804,970 3,394,210 422,720 21,000 22,000 401,951,000 483,550,000 ;,ooo 220 REPORT ON T H E FINANCES. CHANGES IN DENOMINATIONS. Experience in all recent years makes clear that the supply of small notes is hardly equal to the demand. No rule can be set up by theory of the proper ratio of the several denominations to each other. The needs of business must be recognized and obeyed. Those needs make constant demand for small bills as instruments of local trade. The burden of supplying the smaller denominations required falls upon the Treasury, and it has employed all its resources to respond to the conditions. Through the process of redeeming the larger denomhiations of United States currency and issuing smaller denominations in lieu thereof the Treasury has been enabled to supply the greater part £>i the demand for such bills. The total amount of United States paper currency of each denomination issued, redeemed, and outstanding at the close of the fiscal year 1913 is recorded in the annexed statement: Fiscal year 1913. Denominations. Outstanding June 30,1912. Issued. Redeemed. Outstanding June 30,1913. One doUar Two dollars Five doUars Ten doUars Twenty doUars Fiftv doUars One hundred dollars. Five hundred dollars One thousand dollars Five thousand dollars Ten thousand dollars $163,532,036 64,470,819 . 396,916,277 362,229,307 273,613,036 61,326,740 85,470,670 22,731,000 104,976,500 95,020,000 241,930,000 $204,048,000 68,664,000 266,760,000 206,840,000 103,680,000 19,400,000 24,400,000 4,100,000 10,500,000 10,000,000 117,070,000 $186,531,964 65,368,956 249,171,570 172,133,010 85,492,600 16,906,550 20,943,050 4,475,500 16,677,000 28,290,000 141,070,000 $181,048,072 67,765,863 414,504,707 396,936,297 291,800,436 63,820,190 88,927,620 22,355,500 98,799,500 76,730,000 217,930,000 Total Unknown, destroj'^ed 1,872,216,385 1,000,000 1,035,462,000 987,060,200 1,920,618,185 1,000,000 1,871,216,385 1,035,462,000 987,060,200 1,919,618,185 Net PIECES OF UNITED STATES PAPER CURRENCY OUTSTANDING. The demand for small denominations of paper currency, which is supphed through the process of redeeming the larger denominations and issuing smaUer denominations in lieu thereof, causes a steady increase in the number of pieces of United States paper currency outstanding. This increase may be observed from a comparative monthly statement thereof for the fiscal years 1912 and 1913, as follows: Fiscal year 1912, outstanding. Fiscal year 1913, outstanding. Months. July August September October... November, December. January... February. March April May June Number of pieces. Total value. 311,953,862 $1,809, 902,685 313,376,715 1,811, 631,685 315,080,350 1,816, 968,6&5 320,864,851 1,832, 162,685 1,843, 824,685 325,081,763 327,702 331 1,850, 896,385 1,870, 944,385 328,978,951 1,854, 363,385 322.490.473 323.892.474 325,096,917 325,967,213 327,329,159 1,866, 286,385 1,871, 146,385 1,868, 756,386 1,872, 216,385 Number of pieces. Total value. 331,009,946 336,404,037 343,583,145 342,643,988 346,471,441 351,425,617 347,504,385 343,821,000 347,337,622 349,741,218 353,155,771 354,461,922 $1,875, 485,285 1,893, 203,285 1,912, 097,185 1,895, 800,185 1,908, 418,185 1,925, — ,185 1,915, 014,185 l,90i; 945,185 1,— 839,185 1,906; 185,185 1,912, 843,185 1,920, 618,185 TREASURER. 221 PAPER CURRENCY, BY DENOMINATIONS, OUTSTANDING JUNE 30, 1913. The amount of each kind of paper currency outstanding, by denominations, may be studied in the monthly statement for June, 1913: Denomination. United States Treasury notes of National-bank notes. notes. 1890. Gold certificates. Silver certificates. Total. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty aollars One hundred dollars Five hundred dollars One thousand dollars Five thousand dollars Ten thousand dol" lars Fractional parts $1,826,982 1,371,041 194,807,580 95,937,496 10,064,892 1,687,225 $365,961 235,199 632,050 787,420 379,370 13,500 $343,587 164,312 143,751,670 331,208,900 230,391,800 19,587,900 4,207,800 147,500 34,855,550 84,149,600 422,720 123,783,170 89,000 18,299,500 21,000 22,444,500 23,000 64,945,500 22,000 98,822,500 Total U n k n o w n , destroved 347,681,016 4,035,000 33,733,000 10,000 52,007 2,660,000 760,467,726 $181,391,65 67,930,175 558,256,377 728,145,197 622,192,236 83,408,090 76,730,000 76,730,000 217,920,000 217,930,000 52,007 1,086,727,169 483,550,000 2,681,085,911 1,086,727,169 483,550,000 2,678,776,091 11,309,820 1,000,000 346,681,016 Net 99,000 $178,855,129 66,159,623 219,065,077 $288,406,110 11,805,271 277,551,204 3,804,970 58,725,255 3,394,210 2,660,000 ' 759,157,906 2,309,820 1 Redeemed but not assorted by denominations. RATIO OF SMALL D E N O M I N A T I O N S TO ALL P A P E R CURRENCY. The ratio of denomhiations of $10 and less to the total paper currency, by fiscal years since 1906, is recorded in the statement following: Denominations of $10 and less. Dates. July 1,1906. :iuly 1,1907. July 1,1908.. July 1,1909. July 1,1910. July 1,1911. July 1,1912.. J u l y l , 1913. Total paper currency. $1,953, 712,245 2,111,659,575 2,345, 130,802 2,375, 261,959 2,419, 600,310 2,538, 656,263 2,619,224,099 2,681,085,911 One doUar. Two dollars. Five doUars. Ten doUars. Total. Per cent. Per cent. Per cent. Per cent. Per ct. 19.67 2.51 27.43 54.93 5.31 19.48 2.69 25.84 53.26 5.24 20.79 2.46 26.00 54.19 4.92 19.84 2.44 25.77 53.40 5.33 20.62 2.54 26.53 55.62 5.93 20.39 2.45 26.28 55.16 6.02 20.55 2.46 26.33 55. 65 6.25 20.82 2.53 27.15 57.28 6.76 COST OF PAPER CURRENCY. The paper currency issued by the United States is said to be superior to that of any other nation in the world. The quality of the material used and the artistic work of the engraver give us a product that presents almost insurmountable obstacles to those who would profit by false imitations. Inquiries often reach the department relating to the production and the cost of the paper currency. As a matter of information it may be stated that the paper used is made by a secret process under Treasury supervision by annual con- 222 REPORT ON THE FINANCES. tract under competitive bids. The Bureau of Engraving and Printing/ a branch of the department, designs, under the direction of the Secretary, engraves, and prints the notes and certificates complete. This currency is delivered to the Treasurer in packages of 4,000 notes, the product of 1,000 sheets of paper. Such a package is taken as the unit from which to reckon the cost. With the allowance for every item of expense attending the making, the issue, and the redemption of this paper currency, it appears that the average cost is as foUows: Total average expense of 4,000 notes issued Total average expense of 4,000 notes redeemed 152. 50 8. 54 Aggregate average expense of issue and redemption 61. 04 From the foregoing it may be readily ascertained that the average cost for each note is 1.526 cents. Calculations based upon these average expenses of issue and redemption indicate results that will be very close to the actual cost of maintenance of the paper currency, and such cost for the fiscal years 1912 and 1913 may be studied from the details set forth in the annexed table: Total expenses of issue and redemption. Fiscal years. Issued Redeemed. . • 1912.. .. ... Total '. Number of pieces. Cost per 1,000 pieces. Total cost. 290,809,347 273,426,336 $13.125 2.135 $3,816,872.68 583,765. 23 . . . 1913. Issued Redeemed 4,400, 637 91 318,264,407 291,131,640 13.125 2.135 Total. 4,477,220.34 621,566.05 4,798,786.39 United States pap)er currency outstanding and cost of maintenance. Cost of maintenance. fiscal years. 1912 1913 Amount outstanding. $1,871,216,385 1,919,618,185 Amount. $4,400,637.91 4,798,786.39 Per cent. 0.235 .249 I n this connection attention is invited to the saving of abrasion on the gold and sUver coins held in the Treasury against outstanding certificates and notes, which to all intents and purposes is an oft'setting item against the cost of the paper currency issued dhectly by the Government, though not so treated in the foregoing calculations. > AVERAGE LIFE OF PAPER CURRENCY. The large amounts of the various kinds of currency presented for redemption, and its condition, lead to the conclusion that the service of our paper money is materially shortened by the increasing activities of such currency in the channels of trade. This is especially noticeable in the smaUer denominations, $5 and under. 223 TREASURER. The average lifetime of each note, in years by kinds, may be studied in the subjoined statement: United States notes. Denominations. Treasury notes. OnedoUar. . . ... 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 F i v e h u n d r e d dollars One t h o u s a n d dollars. F i v e thousand dollars. . . T e n t h o u s a n d dollars 3.12 3.23 2.93 3.63 5.94 6.15 6.12 3.80 4.18 .32 .16 1.74 1.87 2.96 3.72 4.00 3.72 3.63 All d e n o m i n a t i o n s 3.32 2.20 Gold certificates. .o 1.66 3.13 3.46 3.55 3.44 3.31 1.93 1.63 1.91 2.36 Silver certificates. Nationalbank notes. 1.06 1.23 1.88 3.39 4.00 3.12 2.78 1.88 1.41 4.42 4.51 2.80 2.62 3.01 3.97 3.84 5.09 3.32 1.31 2.85 PAPER CURRENCY PREPARED FOR ISSUE AND AMOUNT ISSUED. The growth in business activities, and the tendency toward the use of small denominations are gradually increasing the pieces of United States paper currency in circulation, which numbered 354,461,922 on June 30, 1913, of the total value of $1,920,618,185. The Government issues the greater part of the paper currency required; therefore it is incumbent upon the Treasury to maintain this great number of pieces and to provide for the annual growth of the smaller denomhiations so much in demand in the channels of trade. Experience and forethought prompt the preparation of an adequate volume of paper currency of the kinds and denominations authorized by law in advance of putting same into chculation. The reserve vault should be well stocked with such paper, and it should be retained there untU it is thoroughly seasoned before it is issued. Heretofore but little progress has been made in accumulating a sufficient reserve of such bUls, but it is believed that with the improved facUities now in operation the output in future wUl be ample for this purpose. The number of pieces and amount of paper currency prepared for issue and the amount issued since 1906 are recorded in the table here: P r e p a r e d for issue. Fiscal years. 1906 1907 1908 1909 1910 1911 1912 1913 P a p e r c u r r e n c y issued. N u m b e r of notes and certificates. Total value. Average value. 157,425,000 178,180,000 197,012,000 206,898,000 235,210,400 268,450,000 301,302,000 307,188,000 $602,172,000 679,480,000 858,944,000 637,320,000 809,579,600 957,744,000 990,096,000 903,716,000 $3,825 3.813 4.359 3.080 3.441 3.567 3.286 2.941 N u m b e r of notes a n d certificates. TotaWalue. 172,930,548 $629,826,000 173,093.911 698,273,000 188,999,912 804,326,000 202,746,192 764,510,000 240,990,922 767,115,600 267,207,921 913,540,000 290,809,347 916,852,000 318,264,407 1,035,462,000 Average value. $3.642 4.034 4.255 3.770 3.183 3.418 3.152 3.253 224 REPORT ON T H E FINANCES. United States paper currency issued during thefiscal years 1912 and 1913. Fiscal year 1912. Months. July... August September October. November December. • January February.. March April.... May June •-... . . . . . . . . . . . . Total Fiscal year 1913. N u m b e r of notes a n d certificates. Total value. Average v a l u e of notes a n d certificates. 24,359,190 23,717,538 22,909,048 25,812,850 • 24,369,960 24,397,983 24,773,893 20,986,685 24,305,304 25,460,161 24,682,372 25,034,363 $74,750,000 75,400,000 73,250,000 79,530,000 70,984,000 74,110,000 96,390,000 62,970,000 81,152,000 77,518,000 73,304,000 77,494,000 $3,068 3.179 3.197 3.081 2.912 3.037 3.890 3.000 3.338 3.044 2.969 3.095 290,809,347 916,852,000 3.152 8.8 0.4 P e r c e n t of increase over nrecedincr v e a r . SUPPLY OF UNITED STATES PAPER Average value of notes a n d certificates. N u m b e r of notes a n d certificates. Total value. • 24,502,669 26,002,122 26,877.306 29,328,778 24,284,613 27,854,516 28,144,055 23,538,549 26,781,873 26,197,840 27,768,548 26,983,538 $74,774,000 85,066,000 81,360,000 92,080,000 79,430,000 96,652,000 94,870,000 74,022,000 80,878,000 87,958,000 96,772,000 91,600,000 S3.051 3.271 3.027 3.139 3.270 3.469 3.370 3.144 3.020 3.357 3.484 3.394 318,264,407 1,035,462,000 3.253 9.4 CURRENCY 12.9 HELD IN IRESERVE. For the past two or three years practically othe whole output of small denominations was required for issue; consequently but little progress was.made in storing up an adequate supply of notes and certificates fitted for good service. A comparison by number of pieces of each denomination and total value of the United States paper currency held in the reserve vault at the close of the fiscal years 1912 and 1913 may be observed in the following statement: Held June 30, 1912. Denominations. One dollar Two dollars Five dollars Ten dollars Twenty dollars Fifty doUars One hundred dollars.. Five hundred dollars.. One thousand dollars. Five thousand dollars. Ten thousand dollars. Order gold certificates. Total Held June 30, 1913. Number of pieces. Total value. Number of pieces. 12,188,000 5,716,000 5,776,000 7,376,000 2,968,000 740,000 140,000 35,700 31,800 2,000 5,600 8,837 $12,188,000 11,432,000 28,880,000 73,760,000 59,360,000 37,000,000 14,000,000 17,850,000 31,800,000 10,000,000 56,000,000 88,370,000 7,492,000 3,076,000 5,060,000 5,492,000 2,284,000 352,000 94,000 27,500 21,300 4,000 4,000 4,730 $7,492,000 6,152,000 25,300,000 54,920,000 45,680,000 17,600,000 9,400,000 13,750,000 21,300,000 20,000,000 40,000,000 47,300,000 34,987,937 440,640,000 23,911,530 308,894,000 Total value. REDEMPTIONS OF PAPER CURRENCY. The redemptions of currency have steadily increased and are now nearly equal to the issues. There were 291,131,640 pieces of United States paper currency redeemed during the last fiscal year, an increase of 17,705,304 pieces, or 6.47 per cent, over those of the preceding 12 months. The pieces redeemed were 322,293 greater than those issued in 1912. 225 TREASURER. The transactions, by months, for the past two fiscal years are recorded in the table followiag: United States paper currency redeemed during thefiscal years 1912 and 1913: Fiscal year 1912. Months. July August September October November December January February. March AprU May June.. Number of notes and certificates. Average value of Number of notes and notes and Total value. certificates. certificates. Average value of notes and Total value. certificates. 22,351,476 22,.294,686 21,205,410 20,028,349 20,152,651 21,777,812 23,497,273 27,475,164 22,903,304 24,255,717 23,812,075 23,672,419 $74,144,000 73,671;000 67,913,000 64,336,000 59,322,000 67,038,300 76,342,000 79,551,000 69,229,000 72,658,000 75,694,000 74,034,000 $3.317 3.304 3.202 3.212 2.943 3.078 3.248 2.895 3.226 2.995 3.178 3.127 20,821,974 20,607,940 19,698,199 30,267,934 20,4.57,160 22,900,337 32,065,288 27,221,933 23,265,250 23,794,245 24,353,996 25,677,384 $71,505,100 67,348,000 62,466,100 108,377,000 66,812,000 79,371,000 105,555,000 87,091,000 88,984,000 75,612,000 90,114,000 83,825,000 $3.434 3.268 3.171 3.580 3.265 3.465 3.291 3.199 3.824 3.177 3.700 3.264 273,426,336 853,932,300 3.123 291,131,640 987,060,200 3.390 .-. , Total Fiscal year 1913. Per cent of. increase over preceding'year 5.7 STANDARD SILVER 6.47 DOLLARS. The stock of standard sUver dollars at the close of the fiscal year 1913 was $565,613,263, of which $72,127,193 were m chculation, and $493,486,070 were held ia the Treasury, agaiast which sUver certificates to the amount of $483,550,000 were outstanding. There is some demand for these sUver dollars, which are shipped to depositors therefor at the expense of the consignee for transportation charges. The amount so distributed duriag the last fiscal year was $12,560,078, an increase of $718,204 as compared with such shipments in 1912. The shipments, by offices, for the past three fiscal years are set out ia the statement followhig: Fiscal year1911 1912 1913 Washington Baltimore New York Philadelphia Boston Cincinnati Chicago St. Louis New Orleans San Francisco Mint, New Orleans. Mint, Philadelphia. Mint, San Francisco $489,475 146,400 183,125 848,200 349,200 2,381,735 3,458,500 3,457,445 2,082,700 518,800 10,000 134,755 200 $475,045 64,400 151,500 801,250 276,600 2,077,639 2,894,875 2,780,425 1/848,700 289,900 $579,638 122,700 183,125 774,375 267,100 .2,025,625 3,018,900 3,367,275 1,703,500 373,950 181,540 143,890 Total.. 14,060,535 11,841,874 12,560,078 16726°—FI 1913- -15 226 REPORT ON T H E FINANCES. SUBSIDIARY SILVER COIN. The general stock of subsidiary sUver coin hi the United States at the close of the fiscal year 1913 was $175,195,996, an mcrease of $4,607,791, as compared with that of 1912. The amount in chculation was $154,458,070, and there were held as assets in t h e Treasury $20,737,926. The amount of these coins shipped to depositors therefor m 1913 was $22,767,796.80, as agahist like shipments of $21,476,457.40 m 1912, an increase of $1,291,339.40. The subsidiary silver corns are redeemable ia the lawful money of the United States, and under the operation of this provision of law there is usually an accumulation of tnese coias ia the Treasury offices from January to June, but after this period the seasonable movement begms and great quantities are distributed, either to depositors therefor by express, at the expense of the consignee for transportation charges, or are<paid over the counter at subtreasuries in exchange for other kinds of money. The amount shipped to depositors therefor, by offices, during the past three fiscal years is recorded in the subjoined table: Fiscal year— Oflices. 1911 Washington Baltimore . New York Philadelphia Boston. Cincinnati Chicago . St. Louis New Orleans San Francisco Mint, Denver Mint, New Orleans. Mint, Philadelphia Total \ 1912 1913 $775,067.60 549,910.00 4,844,259.40 2,334,375.00 1,362,400.00 1,718,591.00 2,950,940.00 2,199,495.00 1,196,300.00 797,545.00 1,505,499.80 1,087,285.00 635,180.00 $1,010,360.60 534,605.00 4,009,295.00 2,412,135.00 1,410,380.00 1,808,300.00 2,576,932.00 1,564,450.00 1,384,720.00 755,510.00 1,231,930.80 2,787,839.00 2,619,607.10 21,956,847.80 21,476,457.40 22,767,796.80 $1,183,200.30 581,210.00 3,630,364:80 2,731,885.00 1,379,600.00 1,751,551.00 2,856,696.80 2,029,998.00 1,579,595.00 615,895.00 1,808,193.80 MINOR COIN. These token coias form no part of the stated stock of money in the country, but the demand for tnem attest t h e h popularity ia the channels of trade. They are redeemable in the lawful money of the United States when presented in sums or multiples of $20 to t h e Treasurer or any Assistant Treasurer. The net addition made to the outstanding during t h e last fiscal year was $4,106,794.86, of which $1,056,814.12 was in bronze cents and $3,050,724.55 in nickel 5-cent pieces, whUe t h e older coins decreased $743.81. The amount of each denomiaation of minor coia outstanding a t the close of the fiscal years 1912 and 1913 m a y be studied in the statement following. 227 TBEASUEEB. Fiscal year 1913. Outstanding June 30, 1913. Outstanding June 30, 1912. Issued. $1,182,060.03 39,926.11 1,203,758.56 20,106,972.29 .571,759.68 657,837.53 31,424,465.05 Copper cents Copper half cents... Copper nickel cents. Bronze 1-cent pieces. Bronze 2-cent pieces. Nickel 3-cent pieces. Nickel 5-cent pieces. Total 55,186,779. 25 Remeited. $59.81 215.00 $1,078,292.60 21,478. 48 . 133.00 336.00 3,162,824. 60 112,100.05 4,241,117.20 134,322.34 $1,182,000.22 39,926.11 1,203,543.56 21,163,786.41 571,626.68 657,501.53 34,475,189.60 59,293,574.11 Minor coins can be obtained from the Treasury and subtreasuries over the counter in exchange for other kinds of money, or they will be shipped to depositors therefor at the expense of the consignee for transportation charges. The shipments, by offices, for the past three fiscal years are set out in the annexed statement:. Fiscal yearOffices. 1913 Washington Baltimore ^Boston "Chicago Cincinnati New Orleans NewYork Philadelphia. St. Louis San Francisco Mint, Philadelphia.. Mint, Sah Francisco. Mint, Denver Total. $103,210.80 53,095.00 164,190.00 514,335.00 268,660.05 189,820.00 885, 795.00 341,820.00 333,510.00 90,630. 00 1,250,289.10 10.00 $123,196.07 54,820.00 160,430.00 411,500.00 272/256.00 209,385.00 725,970. 00 328,375. 00 247,434.00 77,350. 00 1,373,047. 60 7,089. 40 11,851.15 $114, 758.20 55, 600.00 142, 905.00 572, 325.00 267, 141.00 224, 270.00 688, 560.00 336, 325.00 291, 525.00 68, 386.00 2,425, 154.14 134, 210.39 70, 154.19 4,195,364.95 4,002,704.22 5,391,313.92 TRANSFERS OF FUNDS FOR DEPOSITS MADE IN NEW YORK. . The cooperation of the Treasury is frequently'requested by banking institutions in the transfer of large amounts of money between subtreasury cities, through the medium of the general account, to be used in the movement of crops or to meet other demands of business. These requests are granted when such transfers are not incompatible with the public interest. The following table gives the deposits in New York in calendar years and the resultant payments in the several cities from 1908 to June 30, 1913: Gold coin and certificates. Transactions. 190&—Receipts .Paid by the Treasm-er and assistant treasurers of the United States: Washington Chicago.: •.;...•. Denver mint New Orleans ' $4,025,779.00 30,000.00 100,000.00 1,638,000.00 United States Silver doUars notes. and certificates. Total. $108,000.00 $100,000.00 $4,233,779.00 400,000.00 200,000.00 60,000.00 98,000.00 600,000.00 30,000.00 100,000.00 1,796,000.00 228 EEPOET ON T H E FINANCES. Gold coin and United States Silver doUars certificates. and certificates. notes. , Transaction^. Paid by the Treasurer and assistant treasurers of the United States—Con. Philadelphia .. . San Francisco. Total ]^9()9—Receipts . . . . . . . Paid by the Treasurer and assistant treasurers of the United States: Washington . Chicago Cincinnati ..• New Orleans Total . . . 1910—Receipts Paid by the Treasm-er and assistant treasurers of the United States: AVashinfifton New Orleans ....... San Francisco Total $5,000.00 1,702,779.00 Total. $5,000.00 1,702,779.00 3,475,779.00 $460,000.00 19,172,000.00 5,000.00 600,000.00 200,000.00 615,000.00 16,900,000.00 18,315,000.00 $298,000.00 4,233,779.00 19,177,000.00 450,000.00 100,000.00 55,000.00 257,000.00 505,000.00 357,000.00 11,815,000.00 550,000.00 600,000.00 200,000.00 927,000.00 16,900,000.00 19,177,000.00 11,815,000.00 400,000.00 3,146,000.00 7,360,000.00 780,000.00 129,000.00 10,906,000.00 780,000.00 129,000.00 400,000.00 4,055,000.00 7,360,000.00 11,815,000.00 1911—Receints 23,350,000.00 23,350,000.00 Paid by the Treasurer and assistant treasurers of the United States: Washington... ChicaEfo Cincinnati New Orleans Philadelphia San Francisco 400,000.00 10,000,000.00 100,000.00 200,000.00 900,000.00 11,750,000.00 400,000.00 10,000,000.00 100,000.00 200,000.00 900,000.00 11,750,000.00 Total 23,350,000.00 23,350,000.00 1912—Receipts 25,il7,805.29 25,117,805.29 Paid by the Treasurer and assistant treasurers of the United States: Washington New Orleans Philadelphia. St Louis SanFrancisco... 400,000.00 4,220,000.00 2,900,000.00 250,000.00 17,347,805.29 400,000.00 4,220,000.00 2,900,000.00 250,000.00 17,347,805.29 0 25,117,805.29 25,117,805.29 562,183.33 126,775.00 1,200,000.00 700,000.00 1,000,000.00 562,183.33 126,775.00 1,200,000.00 700,000.00 1,000,000.00 3,588,958.33 3,588,958.33" 1,100,000.00 500,000.00 1,100,000.00 500,000.00 Total 1,600,000.00 1,600,000.00 San Francisco— in January In February In March In April InMay 562,183.33 126,775.00 100,000.00 200,000.00 1,000,000.00 562,183.33 126,775.00 100,000.00 200,000.00 1,000,000.00 Total 1913—Receipts: In January In February In March In April In May In June Total Paid by the Treasurer and assistant treasurers of the United States: Cincinnati— In March In April Total 1,988,958.33 1,988,958.33 • Ag^egate 3,588,958.33 3,588,958.33 229 TREASURER. USE OF ORDER GOLD CERTIFICATES FOR EXCHANGE ON NEW YORK. Previous to February 1, 1910, the banks in San Francisco, under provisions of existing law, exchanged gold coin at the Subtreasury for demand gold certificates of large denominations, which they sent by registered maU to their correspondents in New York, thus effecting a transfer of funds at small cost to the banks. The demand gold certificates were shipped from Washington to San Francisco by express at the rate of $1.75 per $1,000, while order gold certfficates (incomplete) were sent by express in packages of $5,000,000 at a total coast of only $15. I n order to eliminate the expense of transporting demand certfficates to San Francisco, and at the same time to grant to the banks in that city their rights under the law to deposit gold coin in exchange for gold certificates, it was deemed advisable to issue to said banks order gold" certificates, series of 1900, and to make them payable by the assistant treasurer of the United States, New York. Under this plan an actual saving of expense was effected even if it should later become necessary to transport the gold coin so deposited to New York, because the transportation charge on gold coin from San Francisco to New York is less than the charge on demand gold certfficates from Washington to San Francisco. However, there is usually a '^return movement^' at certain season^ of the year, during which it becomes deskable on the part of banks to mak^ deposits of funds in New York, and to have payments made therefor in gold coin at the Subtreasury in San Francisco. The transactions, semiannually, since February, 1910, are recorded in,the statement following: Period. 1910—February to June, inclusive.. July to December^ inclusive.. 1911—January to June, mclusive... July to December^ inclusive.. 1912—January to June, mclusive... July to December^ inclusive.. 1913—January to June, mclusive... Aggregate.. Order gold Deposits in certificates New York for issued in which paySan Francisco ments were and redeemed made in in New York. San Francisco. $3,750,000 600,000 5,100,000 3,000,000 5,200,000 2,900,000 $2,650,000 4,260,000 3,500,000 8,250,000 10,418,566 6,929,239 1,988,958 20,550,000 37,996,763 I t wUl be observed that the deposits made in New York on account of the return movement are $17,446,763 in excess of the payments made for gold-certfficates issued at San Francisco. This method of using the order certificates is in the interest of good administration, and has made it possible to discontinue the shipments of demand gold certificates from Washington to San Francisco, with a resultant saving of transportation charges. 280 REPORT ON T H E FINANCES. DEPOSITS OF GOLD. BULLION AT MINTS AND ASSAY OFFICES IN THE FISCAL YEARS 1912 AND 1913. Under the provisions of an act of Congress approved March 2, 1911, the new product of ourgold mines and all imports of gold may be deposited in the mints and assay offices, for which the full value thereof wUl be paid, either in coin or by check on the Treasurer of the United States, and against the gold, so deposited and paid for, the Secretary of the Treasury may, in liis discretion, issue gold certificates. The new product of the mines or original deposits of gold bullion at the mints and assay offices during, the fiscal years 1912 and 1913 may be observed in the statement following: 1912 Office. Philadelphia San Francisco Denver New York New Orleans Carson Helena Boise ~. Charlotte Deadwood Seattle". . . Salt Lake City .. '. .. Total • 1913 $1,619,039.16 53,864,397.23 20,330,523.60 52,921,293.75 1,394,110.89 997.917. 63 1,815,788.13 870,145.44 78,356. 86 7,592,261.74 5,818,676.64 1,122,600. 67 $1,493,553.40 54,101,615.95 21,075,876.26 65,612,158.65 897,328.15 724,853.37 1,495,788.35 1,008,940.29 29,244.45 1,290,951.52 4,951,640.57 595,520.36 148,425,111.74 159,277,471.32 SHIPMENTS OF CURRENCY FROM WASHINGTON. During the fiscal year 1913 the currency distributed from the Treasury in Washington to the subtreasuries and to banks amounted to $882,677,335, against $761,847,077 during the.preceding 12 months. I n 1912, 17,822 packages were sent by registered mail and 97,596 by express, while in 1913, 18,971 went by registered mail and 106,073 by express. The transactions during the past two fiscal years are compared in the statement following: Fiscal year 1912. Number of packages. Total by express Total by registered mail Aggregate . .. .. . Amount. 97,596 $758,634,665 17,822 3,212,412 115,418 Fiscal year 1913. Number of packages. . 761,847,077 106,073 18,971 125,044 Amount. $878,703,859 3,973,476 882,677,335 RECOINAGE IN THE FISCAL YEAR 1913. Gold coins presented for payment or deposit on any account at the Treasury offices are weighed in, and the pieces that are too light for further circulation are segregated for transmission to the mint. The subsidiaiy silver coins and miaor coins received are assorted, and the pieces that are unfit for circulation are set aside for simUar disposition. The gold coins sent to the mint for recoinage during the fiscal year 1913 amounted to $912,799, the silver coins to $407,075, and the minor coins to $134,284. 231 TREASURER. The face value in each case, and the loss in gold, silver, and minor coin, respectively, are set forth for the past two fiscal years in the subjoined table: -. Fiscal year 1912. Face value. ' D o u b l e eagles . . . Eagles Half eaeles Quarter eagles Three-dollar pieces One-dollar pieces $487,560.00 721,860.00 1,227,860.00 9,867.50 18.00 30.00 < . T o t a l gold : Half doUars Q u a r t e r dollars T w e n t y - c e n t pieces Dimes Half dimes Three-cent pieces - T o t a l silver Minor coins Aggregate Loss. -: 2,447,195.50 Fiscal year 1913. Face value. Loss. $169,840.00 246,250.00 491,300.00 5,350.00 15.00 44.00 $4,848.09 196,157.00 215,572.50 63.60 261,968.80 954. 90 .. 70.47 912,799.00 $8,470.62 113,595.00 147,146. 25 10.20 145,878. 70 400.30 44.55 674,787.27 44,321.70 407,075.00 131,926.50 9,186.49 134, 284.00 6,941.41 3,253,909.27 58,356.28 1,454,158.00 41,659.04 26,247.01 REDEMPTION OF NATIONAL-BANK NOTES. There has been a constant increase' in redemptions of national-bank notes for a number of years past and during the fiscal year 1913 the amount presented was $675,889,000, 90.01 per cent of the average circulation outstanding, and was $25,934,289 more than the largest amount previously received during a year, which was in 1912. Of the total received, 47.62 per cent was sent by banks in New York City. The number of remittances was 46,703, and these contamed 69,832,398 notes. The average value of notes presented was $9.62, whUe that of the outstanding was $10.20. Of the average am'ount of $5 notes outstandiag, 104.26 per cent was redeemed; of the $10 notes, 93.28 per cent; of the $20 notes, 80.18 per cent; of the $50 notes, 73.53 per cent; and of the $100 notes, 61.80 per cent. The receipts for the first six months of the fiscal year, July to December, were 44.74 per cent of the total, and those for the last six months, January to June, 55.26 per cent. The largest amount presented duriag a month was $79,753,664 in January, and the smallest $41,816,565 in September. Payment was made for notes receiveci as follows: By Treasurer's checks to the amount of $230,238,151, by remittances of $352,869,976 in new United States currency, by remittances of $122,710 in gold, silver, and minor coia, and by credit of $89,891,431 in various accounts. Notes assorted and delivered durhig the year amounted to $669,405,645.50. Of this sum $218,884,750 was fit for use and was forwarded by express to banks of issue ia 143,257 packages; the remainder was unfit for use and was delivered to the Comptroller of the Currency, $426,431,860 for destruction and reissue, hi 218,754 p a c k ages, and $24,089,035.50 for destruction and retirement, ia 13,277 packages. Owing to heavy redemptions the amount of notes on hand exceeded the balance in the 5 per cent fund, except during portions of the months of December and January, and the Treasury advanced 232 REPORT ON TPIE FINANCES. payment out of the general fund as the notes were received. The largest amount advanced at one time was $23,914,635.44, on January 18, 1913. As the redemptions were greater during 1913 than 1912, the condition durhig 1913 was an improvement over that of the previous year, when the 5 per cent fund was at no time equal to the demands made upon it, and the largest advance at one time was $3,000,000 more than on the above date. The expenses of redemption, amounting to $517,842.93, have been assessed upon the banks in.proportion to their notes redeemed at the rate of $0.77293 per $1,000. SPURIOUS ISSUES DETECTED IN 1913. The counterfeit coins and paper currency detected at the Treasury during the past fiscal year were $1,569.20 less in face value than in the 12 months preceding. Comparison, by items, for the past three fiscal years follows: Kinds. U n i t e d States notes T r e a s u r y notes of 1890 Gold certificates Silver certificates N a t i o n a l - b a n k notes Gold coin .. Silver coin Minor coin F r a c t i o n a l currency Compound-interest notes : .. •. .. . " .* Total 1911 1912 $3,796.00 74.00 150,00 723.00 3,978.00 333.00 3,075.00 385.61 153.30 200.00 $3,934.00 27.00 20.00 850.00 3,279.00 324.00 3,118.45 157.81 106.85 500.00 $2,641.00 54.00 470.00 1,308.00 2,106.00 462.50 3,063.35 403.36 189.70 50.00 12,867.91 12,317.11 10,747.91 1913 SPECIAL TRUST FUNDS. The Treasurer of the United States is custodian of several special trusts, consisting of bonds and other obligations, which are held under provisions of law or by direction of the Secretary of the Treasury. The kinds of bonds or obligations held on each account and transactions therein during the past fiscal year are recorded in the subjoined statement: • F i s c a l y e a r 1913. Account and kinds. H e l d J u n e 30, 1912. Deposited. s t a t e b o n d s belonging to t h e U n i t e d S t a t e s : Louisiana State bonds N o r t h Carolina S t a t e b o n d s Tp.nTift.<?.SP.P, Statf- 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 provisions of l a w : M a n h a t t a n Savings I n s t i t u t i o n H e l d for t h e Secretary of W a r : C a p t u r e d b o n d s of t h e S t a t e of Louisiana H e l d for t h e Secretary of t h e T r e a s u r y : P a n a n i a P . R . notes H e l d for t h e D i s t r i c t of Columbia: 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 . . . Chesapeake & Ohio C a n a l b o n d s B o a r d of a u d i t certificates H e l d for t h e b o a r d of t r u s t e e s . P o s t a l Savings S y s t e m : P o s t a l savings b o n d s Total Withdrawn. H e l d J u n e 30, 1913. $37,000.00 58,000.00 335,666.661 $37,000.00 58,000.00 335,666.661 75,000.00 75,000.00 545,480.00 ' 545,480.00 3,247,332.11 3,247,332.11 197,680.00 84,285.00 20,134.72 $14,550.00 5,460.00 112,000.00 4,606,038.491 126,550.00 $55,870.00 156,360.00 84,285.00 20,134.72 65,870.00 4,676,718.49§ 117,460.00 TREASURER. - 233 The General Assembly of the State of Louisiana in July, 1912, passed a joint resolution proposing an amendment to the constitution of the State, authorizing the board of liquidation of the State debt to create a sinking fund and to provide, for the payment in full out of the first surplus accruing in the sinking fund the amount of principal and interest due on the bonds of the State, the face value of which aggregates $37,000, and which are held by the United States as trustee for certain Indian funds. This proposition was submitted to the qualified electors of the State and was ratified by them at the general election on November 5, 1912. The State of North Caroliaa has authorized and appointed commissioners to take under consideration a plan for settling the iadebtedness of that State to the United States, but Congress postponed action on a measure providing for representatives on the part of the Government. ' Commissioners representing the Government and the State of Tennessee, under provisions of law, have now under consideration a plan for settling with that State. I t is apparent that some progress has been made toward a settlement with the three States named in the foregoing for the unpaid matured bonds of those States belonging to the United States. The bonds held for the Manhattan Savings Institution are in trust for that institution as indemnity for certain stolen bonds, as provided by act of December 19, 1878 (20 Stat., 589), and wiU be held for such time as, in the judgment of the Secretary of the Treasury, wUl secure the Treasurer of the United States against loss. Recommendation has been made to Congress for authority to return to the State of Louisiana the bonds of that State captured at Shreveport by the Union forces during the War of the Rebellion, now held as a special deposit by the Secretary of War. The special trust held for the Secretary of the Treasury is composed of notes of the Panama Railroad Co. drawing 4 per cent interest payable to the United States, and is security for money advanced for the equipment and construction of said raUroad. The special trust held for the District of Columbia represents, first, the moneys retaiaed from contractors under provisions of law and invested at the request and risk of said contractors, and, second, obligations that belong to the District of Columbia. The special trust held for the board of trustees. Postal Savings System, consists wholly of postal savings bonds, representing investments made by said board, as described on page 209. DISTRICT OF COLUMBIA. The transactions of the Treas.urer of the United States, ex officio commissioner of the sinking fund of the District of Columbia, pertaining to the affairs of the District are fully set forth in a separate report. During the fiscal year 1913 the funded debt retired amounted to $647,700, resulting in the reduction of the annual interest charge by $23,641.05. On July 1, 1878, when the Treasurer was charged with the duties of the late commissioners of the sinking fund of the District of Colum- 234 REPORT ON T H E FINANCES. bia, the bonded debt was $22,106,650; since that date 3.65 per centbonds have been issued, amounting to $1,254,050, making a total debt of $23,360,700. This sum has been decreased by the operation of the sinking fund and otherwise $15,749,850, leaving outstanding July 1, 1913, $7,610,850 of bonds bearing 3.65 per cent interest. The annual interest charge on July 1, 1878, was $1,015,759.12 and on July 1, 1913, $277,796.02, showing a reduction of $737,963.10. The retentions from 30 contracts with the District of Columbia were canceled during the year by the return to the contractors of $44,020 in bonds and $24,307.70 in cash. At the close of the fiscal year the 10 per cent guaranty fund held for account of contracts amounted to $252,808.18 and is represented by $157,010 in bonds purchased at the request and risk of contractors and $90,143.35 uninvested cash. The securities of the District in the care and custody of the Treasurer are: Bonds for account of contractors Chesapeake & Ohio Canal bonds Board of audit certificates TotaL---- -'- ^ $157, 010. 00 84, 285. 00 20,134. 72 261, 429. 72 LEGISLATION RECOMMENDED. I t is suggested that recommendation to Congress be made in such form as may be deemed advisable for legislation that wUl authorize favorable action on the following subjects: 1. Gold certificates for $5.—There is necessity for increasmg the resources of the Treasur}^ for the issue of small denominations of currency. I t is believed that the issue of gold certificates for $5 instead of restricting the issue as now to $10 and above wUl enable the department to respond to the demands for small denominations. 2. Increased facilities for exchanging worn and defaced United States paper currency for new.—There is a constant and widespread interest which advocates a cleaner and more sanitary currency. The sentiment is a laudable one and should be attainable, because the expense is but a trifle as compared with the beneficent results. The Government can well afford to replace its paper issues when unfit for circulation. 3. Increase ofthe 5 per cent hanlc-note redemption fund.—Experience shows that the 5 per cent redemption fund is not adequate for the purposes intended. For the greater part of the last fiscal year the Treasury had to advance money for the redemption of bank notes on the security of the notes themselves. As the notes are not obligations of the Treasury, the banks should be required to deposit a greater amount to provide for current redemptions. 4. Restriction on amount of $5 hanlc notes.—It appears that national banks located in commercial centers are not disposed to issue the full amount of $5 notes authorized by law, whUe the Hanks located in the interior or outlying sections of the country would largely increase the amount of their $5 notes but for the limitation by statute. Therefore it is believed that the repeal or modification of the provision limiting 1 Of which $650 was received and sent to the office of the Secretary for transfer, but was not placed in the custody of the Treasurer until July 1, 1913. TREASURER. 235 the $5 notes to one-third in amount of the circulating notes of national banks would be the means of increasing the amount of such notes in circulation, and would accordingly reduce the demand upon the Treasury for United States paper currency of small denominations. 5. Removing limit on weight of registered pacTcage.—It is believed that the removal.of the limit on the weight of a package which may be sent through the registered maU of the Unitea States would facilitate a greater use of this method of transportation; and if followed by an enactment that wUl authorize the transportation of paper currency to and from the Treasury or between Treasury offices by registered maU insured, it would be in the interest of economical administration. Upon the termination of the administration of Hon.. Carmi. A. Thompson, March 31, 1913, the duties of the office of Treasurer of the United States devolved upon the present incumbent. The transfer involved an examination of the moneys, securities, and other evidences of value that came into the Treasurer's immediate charge, amounting to $1,426,422,051.48§. The examination was concluded April 8, 1913, and th.e report of the cominittee in charge gave the most satisfactory assurance that the funds transferred were absolutely correct and in agreement m t h the accounts. This result is undoubtedly the best comment on the zeal and active interest which the staff, chiefs of ciivisions, clerks of every grade, and every person employed in the office have taken in the performance of their responsible duties. Respectfully, JOHN BURKE, Treasurer. Hon. WILLIAM G . MCADOO, Secretary ofthe Treasury. APPENDIX TO REPORT OF THE TREASURER. No. 1.—Receipts and disbursements for thefisf^al year 1913, as shown by warrants issued. Account. Receipts. Customs Internal revenue Lands Miscellaneous D i s t r i c t of C o l u m b i a . . Miscellaneous series Interior: Civil Pensions .^ Treasury P o s t a l deficiency W a r , civil N a v y , civil . War Navy Indians I n t e r e s t on t h e p u b l i c d e b t Total P o s t a l savings b o n d s PanamaCanal Publicdebt. Redemption national notes. Aggregate $318,891,395.86 344,416,965.65 2,910,204.69 48,606,671.41 9,117,611.69 Disbursertients. R e p a y m e n t s from Counter credits unexpended a p p r o p r i a t i o n s . ' to a p p r o p r i a t i o n s . $12,841,210.79 69, 413,372.34 $1,338,480.73 3,178,635.62 $519,817.67 998,973.10 22,383,756.70 175,085,450.29 62,113,949. 60 1,027,368.79 2,220,460.24 829,554.96 160,387, 452. 85 133,262,861.97 20,306,158.90 22,'899,108.08 2,372,175.54 1,768,416.59 4,898,218.58 2,000,000.00 12,340.38 10,738.34 6,488,152.00 2,095,692.43 1,58.5,668.27 1,326.63 1,120,015.40 2,343.65 1,119,553.89 723,942,849.30 1,929,840.00 682,770,705.51 25,749,845.11 177,397,158. 89 24,751.59 811,094.05 1,035,682,000.00 41,741,258.03 987,162,775.00 25,774,596.70 178,208,252.94 -. 1,972 26 4,382.60 4,269,514.17 108,162,946; 25 1,197,639.90 bank 21,471,010.00 24,089,035.50 1,783,025,699.30 1,735, 763,774.04 No. 2.—Net ordinary receipts and disbursements for each quarter of the fiscal year 1913, as shown by warrants issued. .First q u a r t e r . Second q u a r t e r . T h i r d q u a r t e r . F o u r t h q u a r t e r . Total. ~ $87,044,382.54 78,037,185.74 801,423.' 99 12,318, 746. 70 $80,247,541.01 85,423.442.81 825,296.96 11,576,348.69 $85,171,376.05 7.3,574,997.55 645,460.42 14,245,115.30 $66,428,096.26 107,381)339.55 638,023.32 19,5^4,072.41 $318,891,395.86 344,416,965.65 2,910,204.69 57,724,283.10 T o t a l . . . . . . . . . 178,201,738.97 178,072,629.47 173,636,949.32 194,031,531.54 723,942,849.30 86,079,110.96 42,251,967.41 34,172,966.38 6,197,410. 71 82,492,766.04 32,921,172.99 31,584,627.67 5,789,924.37 85,842,493. SO 36,580,163.62 34,682,474.35 5,317,565.64 345,915,123.71 160'. 387,452.85 133,262,861.97 20,306,158.90- Account. RECEIPTS. Customs Internal revenue Lands Miscellaneous DISBURSEMENTS. Civil a n d misceUaneous War Navv. . . . . . Indians I n t e r e s t on t h e p u b l i c debt. . . . . Total E x c e s s of receipts E x c e s s of disbursements ; 236 91,500,752.91 48,634,148.83 32,822, 793.57 3,001,258.18 5,732,315.24 5,788,691.76 5,233,383. 46 6,144,717.62 22,899,108.08 181,691,268. 73 174,490,147.22 158,021,874.53 168,567,415.03 682,770,705.51 3,582,482.25 15,615,074.79 25,484,116.51 41,172,143.79 3,489,529.76 237 TEEASUEEE. No. 3.—Receipts and disbursements for service of the Post Office Department for thefiscal year 1913. Fiscal year 1913. Balance June 30,1912. Office. Receipts. Disbursements. Washington Baltimore Boston Chicago^.:.: Cincinnati New Orleans New York Philadelphia San Francisco St; Louis National-bank depositaries. In transit $3, 219.65 $47,856,876.50 $35,664,651.33 677, 921.22 689, 472.39 11; 551.17 2,929,742.71 2,981,557.42 51, 814.71 25,344, 594.52 25,919, 148.31 574, 553.79 2,414, 286.13 2,212,666.31 201, 619.82 534, 216.33 516, 850.11 17, 366.22 396. 61 286. 65 683.26 24,573, 26,800, 2,227, 3,980, 008.44 3,931, 882.01 48, 126. 43 064. 60 854.95 919.55 5,224, 4,927, 297, 1,552,883.42 1,502,424. 98 50, 458. 44 902.89 609.45 42. 512.34 23, 18, 560: 000.00 560, 000.00 . • Total Deduct: Transfers between offices Advances from the Treasury and repayments by the Post Office Department on account of postal deficiency , 4,062,074.33 Net receipts and disbm'sements by Treasury offices Receipts and dlsbm-sements by postmasters for quarter ended— Sept. 30,1912 Dec. 31,1912 Mar. 31,1913 June 30, 1913 Total Net excess of receipts over disbursements 114,497,709.41 106,364,338.92 21,594,822.48 21,594,822.48 3,027,368.79 2,000,000.00 89,875, 518.14 82,769,516.44 45,3»8,858.58 47,018,219.06 47,646,720.67 48,228,382.66 45,338,858.58 47,018,219.06 47,646,720.67 48,228,382.66 278,107,699.11 271,001,697.41 Balance June 30,1913. $12,195,444.82 12,195,444.82 7,106,001.70 No. 4.—Post Office Department warrants issued, paid, and outstanding for the fiscal year 1913. Fiscal year 1913. Warrants drawn on— Treasurer of the United States, Washuigton Assistant treasui'er of the United States: Baltimore Boston Chicago Cincinnati -. i New Orleans i NewYork / Philadelphia \ San Francisco i St. Louis Total. Warrants Number of outstanding warrants June 30, issued. 1912. 138,422 Amount of warrants issued. Amount of warrants paid. Warrants outstanding June 30, 1913. $210.16 $36,569,208.94 $31,010,988.62 $5,558,430.48 1,064.59 697.24 1,683.13 576.57 1,011,236.90 22,100,032.81 23,093,002.98 681. 71 439.77 1,363.53 827.56 977,182. 60 25,631,640.18 26,406,873.01 94,515 734.54 550.55 254,644.69 4,'iss,'040.'26" 4,432,181.48 'i9,'i78' 2,825.04 1,958.27 367.35 1,106.56 18,266.73 241.94 535.97 201,949.77 183.99 10,503.41 866.77 329,911 2,251,626.89 88,488,922.13 84,948,096.05 5,792,452.. 97 77,796 238 REPORT ON T H E FINANCES. No. 5.—Assets and liabilities of the Treasury offiices, June 30, 1913. Washington. Baltimore. NewYork. - Philadelphia. Boston. ASSETS. Gold coin... . . $2,530,565.84 Gold bullion (bars) 157,097,219.66 Standard silver dollars Subsidiary silver coin 1,414,104.53 United States notes 2,062, 503.00 Treasury notes of 1890 National-bank notes 38,398,248.20 6,894,330.00 Gold certificates 4,595,798.00 Silver certificates Minor coin 51, 605.62 Fractional currency Certified checks on bariks.. Interest on public deb t paid Total cash assets 213,044,374.19 $9,274,487.24 4,646. 940.00 31S;965.20 87,087.00 524.00 175,-370.00 5, 722,320.00 ' 434,285.00 •44, 428. 42 1, 496.85 $40,999,597.50 $17,896,395.75 $13,018,108.84 3.116,1.56. 75 6.051,962.00 83; 055,113. 00 1,215,504.00 ' 749,959. 68 6,249. 623.85 9.53,357. 45 112,000.00 3,933; 335.00 179,438. 00 137.00 91.085.00 36, 000. 00 28,040. 00 3/529,000.00 39,217,760.00 3,165,100. 00 112,152. 00 486, 712.00 4, 761,036.00 156,830.33 269,324.98 118, 711.11 178.93 54.00 343,190.58 118.95 2,127. 42 370.35 20, 705,903. 71 182,038,404.08 28,644,597.64 19,165,478.75 174,970. 88 4,257,661.92 422,117.37 207,945.37 718,924.00 LIABILITIES. Outstanding warrants and checks. Disbursing officers' balances Post Office Department account Bank note 5 per cent redemption fund Other deposit and redemption accounts Board of trustees. Postal Savings System 34,118,314.81 83,304,521.25 6,402,991.85 26,593,959.99 2,098,748.67 41,530.00 1,148,883. 48 274,351. 75 • 2,525,174.92 10,496.22 236,948.41. 115,582.83 87,556. 66 Total agency account 155,043, 711. 49 Balance to credit of mints 9, 783,964. 50 and assav offices :. Balance general account... 48/216,698.14 226,997.10 5, 643, 493.81 812,051.95 1,014, 426. 03 176,394,910.27 27,832,545. 69 18,151,052.72. 28, 644, 597. 64 19,165, 478. 75 Total. •. 213, 044,374.19 Cincinnati. 20,478,906. 61 20, 705,903. 71 182,038,404. 08 Chicago. St. Louis. N e w Orleans. San F r a n cisco. ASSETS. $14,677,569.39 $82,198,930.11 Gold coin... Gold bullion (bars) 7,594,964.00 3,050,275.00 Standard silver dollars 599,271.60 2.074,363.00 Subsidiary silver coin 301,815.00 United States notes ' 1-93,149.00 Treasury notes of 1890 458,435.00 24,825.66 National-bank notes. - . 3,003,960.00 10,188,650.00 Gold certificates 439,219.00 1,130,417.00 Silver certificates Minor coin-.. 31,346.98 35,414.27 Fractional currency....-... Certified checks on banks.. Interest on public debt paid Total 22,561,891.97 103,440,712.38 $31^ 704, 754. 94 $10,329,977. 02 $52,046,890.94 2,295,585.00 2, 702,124.00 422,000.00 1,500.00 499,500.00 5,549,500.00 6.58,337.00 48,957.31 15,216,857.00 24,562,759.00 858,951.55 1,196,782.50 291,841.00 1,014,668.00 1,103.00 66.00 •731,350.00 1,935,817.00 2,782,110. 00 • 1,170,290.00 341,200.00 75,192.00 15,984. 54 8)992.24 43.94 247. .50 241.10 30,569,374.11 82, Oil, 742. 72 249,119. 79 83,545.28 212,389.31 43,882,505.75 LIABILITIES. Outstanding warrants and checks Disbursing officers' balances Post-Office Department account Other deposit and redemption accounts Board of trustees. Postal Savings System Total agency account Balance to credit of mints and assay offices Balance general account... • Total 277,605.58 1,242,473.00 156,292.92 553,380.00 70,807.00 116,260.00 30,000.00 384, 718.35 179,142.46 44,005.93 272,354.16 2,180,571.35 499,069.25 243,811.21 514,743. 47 21, 734,433.27 101,260,141.03 43,383,436. 50 30,325,562.00 81,496,999.25 22,561,891.97 103,440, 712.38 43,882,505. 75 30,569,374.11 82, Oil, 742. 72 393,560.20 827,458. 70 TREASURER. 239 No 6.—Assets ofthe Treasury in the custody of mints and assay offices, June 30, 1913. Boise City. Carson City. Deadwood. Helena. BULLION" F U N D . Gold coin Gold bullion , Standard silver dollars Subsidiary silver coin Silver bullion Gold certificates Minor coin Balance with Treasurer United States.. Total $100.00 $483.10 93.53 9.41 "3.03 1,390.00 16.32 399.25 $18,474.17 $769.75 137,083.42 - 92,959.96 365,208.33 44,403.03 138,585.86 93,952.16 383,682.50 45,172.78 Salt Lake City. Seattle. New York. $624,390.91 $7,420.77 24,987,662.77 New Orleans. BULLION F U N D . Gold coin . . Gold bullion Standard silver dollars Subsid iarv sitver coin Silver bullion . Gold certificates ~... Minor coin. Balance with Treasurer United States.. Total $577.15 $12,466.33 22,475,000.00 531,435.37 13.08 80,957.17 1,254,585.51 2,220,248.42 71,359.77 81,534.32 1,878,976.42 27, 746, 767.33 22,558,839.18 Philadelphia. San Francisco. Denver. Total. BULLION F U N D . $407,528,232.50 $313,435,828.50 $15,595,765.00 $736,567,729.87 Gold coin . . Gold bullion 81,623.115.16 6,715,709.28 134,016,512.63 247,999,871.68 61, 400,000. 00 191,358,892.00 Standard silver dollars 107,483,892.00 Subsidiary silver coin 3,165,250.90 434,336.83 809.30 3.600,422.76 254,077.31 Silver bullion 530,150.90 748,253.49 2; 064,3.32. 43 Gold certificates 2,780.00 40,270.00 44,440.00 Minor coin 38.51 .05 38.56 624,069.15 Balance with Treasurer United States.. 3,879,964. .31 986,438.39 9,757,277.46 Total bullion fund. 493,473,637.12 429,411,201.01 230, 420.95 6,067.41 3,000.00 55.00 917,185.26 1,525.47 215,580,656.08 1,191,393,004.76 MINOR COIN AND METAL F U N D . Gold certificates Silver certificates Minor coin Balance with Treasurer United States.. AgCTCgate assets 493, 710,125. 48 430,332,966.74 57.926.06 5; 234.57 3,000.00 55.00 1,205,532.27 12,827.45 215,643,816.71 1,192, 614, 419. 48 240 REPORT ON THE FINANCES. No. 7.—General distribution of the assets and liabilities of the Treasury June 30,1913. Treasury offices. Mints a n d National bank| a n d other In transit. depositories. Total. ASSETS. $274,677,277.57 $736,567,729.87 Gold coin Gold b u l h o n 3,116,156.75 247,999,871.68 S t a n d a r d silver d o l l a r s . . . 304,787,178.00 191,358,892.00 S u b s i d i a r y s i l v e r coin 17,117,503.36 3,600,422. 76 Silver bullion 2,064,332.43 United States notes 8,597,836.00 T r e a s u r y n o t e s of 1 8 9 0 . . . 3,330.00 National-bank ndtes 42,378,670. 20 Gold certificates 81,223,020.00 47,440.00 Silver certificates 13,034,348.00 55.00 Minor coin 781,595.80 1,205,570.83 Fractional currency 276.87' Certified checks o n b a n k s 343,190.581 I n t e r e s t on pubUc d e b t paid 4,602.17 Deposits in national banks-, etc $67,379,695.03 Public moneysin transit t o or from n a t i o n a l $1, Oil,245,007.44 251,116,028.43 496,146,070.00 $20,000.00 20,737,926.12 2,064,332.43 868,000.00 9,465,836.00 3,330.00 1,025,000.00 43,403,670.20 1,679,000.00 82,949,460.00 1,387,005.00 14,421,408.00 10,000.00 1,997,166.63 276.87 343,190.58 6,398.35 o 12,856,300.00 T o t a l a v a i l a b l e assets! 746,064,985.30 1,182,844,314.57| Balance with Treasurer UnitedStates 9,770,104.91 W a r r a n t s a n d checks paid b u t not'cleared... Checks d r a w n b y b o a r d of t r u s t e e s , P o s t a l Savings S y s t e m , t r a n s f e r ' r i n g balances Aggregate. 746,064,985.30 1,192,614,419.48 11,000.52 67,379,695.03 12,856,300.00 67,379,695.03 17,851,703.35 2,014,140,698.25 13,859.65 9,783,964.56 57,528,598^04 57,528,598.04 1,709,093.22 1,709,093.22 67,379,695.03 77,103,254.26 2,083,162,354.07 LIABILITIES. Outstanding warrants a n d checks D i s b u r s i n g officers' b a l ances P o s t Office D e p a r t m e n t account B a n k - n o t e 5 per-cent r e demption account O t h e r deposit a n d r e demption accounts B o a r d of t r u s t e e s , P o s t a l Savings S y s t e m T o t a l agency a c c o u n t B a l a n c e t o c r e d i t of ' m i n t s a n d assay offices. B a l a n c e general a c c o u n t . Aggregate 34,118, 314.81 710,674.15 90,432, 349.75 9,427,964.62 34,828,988.96 158,324.61 100,018,638.98 6,402, 991.85 49,342.74| 6,452,334.59 26,593, 959.99| 1,498,167.74 28,092,127.73 5,209, 177.82 5,409,427.50| 10,618,605.32 7,115,262.59 184,260,235.72 4,249,540.14 4,249; 540.14 167,006,334.36 10,138,-638.77 9,783, 964.56 569,274, 686.38 1,192,614,419.48 9,783,964.56 57,241,056.26 69,987,991.67 1,889,118,153.79 746,064,985.30 1,192,614,419.48 67,379,695.03 77,103,254.; 2,083,162,354.07 241 TEEASUEEE. No. 8.—Distribution of the .general Treasury balance June 30, 1913. Receipts Balance as shown Treasurer's gen- not covered by warrants. eral account. by warrants Location. Washington Baltimore 1 New York Philadelphia — Boston. • Cincinnati Chicago St. Louis New Orleans • San Francisco Mints and assay offices National bank: Treasury of Philippine Islands.. Ih transit Total Treasury balance, $48,216, 698.14 $67,239.16 8,625.40 20,478, 906. 61 176,394, 910. 27 15,100.61 27,832, 545.69 39.12 18,151, 052.72 12,315.99 21,734, 433. 27 1,716.06 101,260, 141.03 20,873.54 5,304.35 43,383, 436.50 1,497.38 30,325, 562.90 81,496 999.25 34,628.35 1,192,614', 419.48 56,497, 305.15 247,894.69 743, 751.11 90,735.94 69,987, 991. 67 $48,149, 458.98 20,470, 281. 21 176,379, 809.66 27,832, 506.57 18,138, 736. 73 21,732, 717. 21 101,239, 267.49 43,378, 132.15 30,324, 065.52 81,462, 370.90 .,192,614, 419.48 56,249, 410.46 653; 015.17 69,987, 991.67 . 1,889,118,153.79 1,888,61^2,183. 20 N o . 9.—Available assets and net liabilities of the Treasury at the close of June, 1912 and 1913. June 30,1912. June 30,1913. $1,004,524,844.66 202,939,419.56 $1, Oil, 245,007.44 251,116,028.43 1,207,464,264.22 1,262,361,035.87 .497,938,446.00 25,554,006- 86 2,071,857-69 496,146,070.00 20,737,926-12 2,064, 332.43 Total Paper: United States Treasury notesnotes of 1890 National-bank notes Gold certificates Silver certificates 525,564,310.55 518,948,328.55 8,983,695.00 13,430.00 39,992,732.70 96,621,751.00 12,324,600,00 9,465,836.00 3,330.00 43,403,670.20 82,949,460.00 14,421,408.00 Total. Other: Minor coin currency Fractional Certified checks on banks Deposits in national banks, etc Interest on public debt paid 157,936,208.70 150, 243,704. 20 2,386,924.87 301.68 723,316.13 53,050,382.63 34,623. 65 1,997,166.63 276 87 343,190.58 80,235,995.03 11,000.52 Gold: Coin Bullion ' ''^^^''^• Total Silver: Dollars Subsidiary coin Bullion s ' .. : .: ' Total Aggregate Agency account: LUBaiTiES. Outstanding warrants and checks Disbursing officers' balances Post Office Department account Bank-note 5 per cent redemption account Other deposit and redemption accounts Board of trustees. Postal Savings System Total Less warrants and checks paid but not cleared General account: Gold certificates Silver certiflcates Treasury notes of 1890 Reserve fund •. Balance ^ 56,195,548.96 82,587, 629.63 1,947,160, 332.43 2,014,140,698.25 8,709,456.84 61,874,219.07 1,310,447.44 24,349„ 434. 05 8,728,927.04 34,828,988.96 100,018,638.98 6,452,334.59 28,092,127.73 10,618,605.32 2,540,446.92 105,472,484.44 182,551,142.50 57,528,598.04 105,472,484.44 125,022,544.46 1,040,057,369.00 481,549,000.00 2,929,000.00 150,000,000.00 167,152,478.99 1,086,947,169.00 483,550,000.00 2,660,000.00 150,000,000.00 165,960,984. 79 Total 1,841^687,847.99 1,889,118,153. 79 Aggregate 1,947,160,332.43 2,014,140,698. 25 16726°—FI 1913 -16 242 REPORT ON T H E FINANCES. No. 10.—Assets and liabilities ofthe Treasury in excess of certificates and Treasury notes at the close of June, 1912 and 1913. June 30,1912. June 30,1913. ASSETS. Gold coin and bullion Silver dollars and bullion Subsidiary silver coin United States notes Treasury notes of 1890. Natidrial-bank notes Minor coin Fractional currency Certified checks on banks Deposits in national banks, etc Interest on public debt paid $264, 028,646. 22 27, 856,903.69 25, 554,006.86 983,695.00 13,430. 00 992,732. 70 386,924.87 301. 68 723,316.13 050,382.63 34,623.65 $258,363,326.87 26,421,810.43 20,737,926.12 9,465,836.00 "3,330. 0043,403,670.20 1,997,166.63 276.87 343,190.58 80,235,995.03 ' 11,000.52 422,624,963. 43 440,983,529. 25 105,472,484.44 150,000,000.00 167,152,478.99 125,022,544.46 150,000,000.00 165,960,984. 79 422,624,963.43 440,983,529.25 Total LIABILITIES. Agency account Reserve fund Available cash balance Total.- No. ll.—Estimated stock of gold coin and bullion, the amount in the Treasury, and the araount in circulation at the end of each mpnth, from Januanj, 1908. Months. 1908—Januarjr: Estimated stock. In theTreasury. In circulation February: Estimated stock. In the Treasury. In circulation March: Estimated stock. In the Treasury. In circulation AprU: Estimated stock. In the Treasury. In circulation May: Estima,ted stock. In the Treasury. Ih circulation Jiifie: Estimated stock. In the Treasury. In circulation July: Estimated stock. In the Treasury. In circulation Augiist: Estimated stock. In the Treasury. In circulation September: Estimated stock. In the Treasury. In circulation... October: Estimated stock I n the Treasury. In circulation..., i^To vember: Estimated stock Iri the Treasury. In circulation... December: Estimated stock In the Treasury. In circulation... Gold coin. Gold bullion. Total. $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 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 1,538,216,009 918,225,746 619,990,263 103, ,342,939 103,342,939 1,641,558,948 1,021,568,685 619,990,263 1,530,087,479 914,132,361 615;955,118 113,593,907 113,593,907 1,643,681,386 1,027,726; 268 615,955,118 1,528,297,418 ' 918,236,856 610,060,562 121,061,326 121,061,326 1,649,3.58,744 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 1,041,846,090 616,998,061 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 TREASURER. 243 No. 11.—Estimated stock of gold coin and bullion, etc.—Continued. Months. 1909—January: Estimated stock. In the Treasury. In circulation February: Estimated stock. In the Treasury. In circulation March: Estimated stock. In the Treasury. In circulation April: Estimated stock. In the Treasury. In circulation May: Estimated stock. In the Treasury. In circulation June: Estimated stock. In theTreasury. In circulation ,July: Estimated stock. In the Treasury. In circulation August: Estimated stock. In the Treasury. In chculation 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 1910—January: ' Estimated stock. In;the Treasury. In circulation February: .Estimated stock. In the Treasury. In circulation March: Estimated stock. In the Treasury. ^In chculation April: Estimated stock. In the Treasury. In circulation May: Estimated stock. In the Treasury. In circulation June: Estimated stock. In the Treasury. In circulation July: Estimated stock. In the Treasury. In circulation.... August; Estimated stock. In the Treasury. In circulation..., Gold coin. Gold bulhon. Total. < $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 1,543,640,861 933,661,.502 609,988,359 113,07.5,248 113,075,248 1,656,725,109 1,046,736,750 609,988,359 1,531,914,472 923,621,813 608,292,659 113,507,584 113,507,584 1,645,422,0.56 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 67,13.5,095 1,642,041,999 1,042,704,301 599,337,698 1,563,4.53, 111 966,646,676 596,S06,435 74,°35S, 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 1,048,6.57,026 587,838,757 1,563,011,877 964,568,877 598,443,000 83,821,624 83,821,624 1,646,833,501 1,048,390,501 598,443,000 1,561,651,476 962,878,301 598,773,175 87,062,655 87,062,655 1,648,714,131 1,049,940,9.56 598,773,175 1, .551,702,508 947,741,192 603,961,316 93,203,715 93,203,715 1,541,100,375 934.887,962 606,212,413 97,008,446 97,008,446 1,638,108,821 1,031,896,408 606,212,413 1,540,260,782 936.746,130 603', 514,652 99,702,013 99,702,013 1,639,962,795 1,036,448,143 603,514,652 1,541,073,698 943,174,760 597, 798,938 101,110,148 101,110,148 1,642,083,846 1.044.284.908 597,798,938 1,544,213,200 9.50,127,482 594,085,718 104,649,952 104,649-, 952 1,648,863,152 1,0.54,777,434 594,085,718 1,515,679,850 923,865,142 591,814,708 104,842,241 104,842,241 1,620, .522,091 1,028,707,383 ,591,814,708 1,525,090,144 930,045,336 594,954,808 102,428,170 102,428,170 1,627,428,314 1,032,473,506 594,954,808 1,531,074,997 940,197,004 590,877,993 104,968,481 104,968,481 1,636,043,478 1,045,165,485 590,877,993 1,530,837,770 939,172,332 591,665,438 120,912,080 120,912,080 1,651,749,850 1,060,0.84,412 591,665,438 1,540,829,608 948,144,600 592,685,008 135,3.50,316 1.35,350,316 1,676,179,924 1,083,494,916 592,685,008 . 1,644,906,223 1.040.944.907 603,961,316 244 REPORT ON T H E FINANCES. No. II.—Estimated stock of gold coin and bullion, eic—Continued. Months. 1910—September: Estimated stock. In tho Treasury. In circulation October: Estimated stock. In the Treasury. In circulation November: Estimated stock. In theTreasury. In circulation..,. December: Estimated stock. In the Treasury. In circulation 1911—January: Estimated stock. In the Treasury. In circulation February: Estimated stock. In the Treasury. In circulation March: Estimated stock. " In the Treasury . In circulation April; Estimated stock. In the Treasury. In circulation May: Estimated stock". In the Treasury. In circulation..-. June: Estimated stock. Ih 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 November: Estimated stock. In the Treasury. In circulation December: Estimated stock. In the Treasury. In circulation.... 1912—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 I n the Treasury. In circulation... Gold coin. Gold bullion. Total. $1,549,619,071 956,548,991 593,070,080 $133,778,979 133,778,979 $1,683,398,050 1,090,327,970 593,070,080 561,775,877 966,840,932 594,934,945 130,983,299 130,983,299 1,692,759,176 1,097,824,231 594,934,945 ,575,806,210 974,314,025 601,492,185 125,392,577 125, .392,577 1,701,198,787 1,099,706,602 601,492,185 ,587,473,973 981,823,886 605,650,087 121,354,324 121,354,324 1,708,828,297 1,103,178,210 0 605,650,087 ,592,641,988 995,354,104 597,287,884 126,294,149 126,294,149 1,718,936,137 1,121,648,253 597,287,884 ,609,263,114 ,015,591,664 593,671,450 121,198,179 121,198,179 1,730; 461,293 1,136,789,843 593,671,450 ,623,930,729 ,033,761,672 590,169,057 113,830,216 113,830,216 1,737,760,945 1,147,591,888 590,169,057 ,631,408,079 ,041,974,554 589,433,525 113,180,235 113,180,235 1,744,588,314 1,155,154,789 589,433,525 ,636,821,562 ,035,957,210 600,864,352 116,626,653 116,626,653 1,753,448,215" 1,152,583,863 600,864,352 ., 628,918,138 ,039,622,600 589,295,538 124,278,584 124,278,584 1,753,196,722 1,163,901,184 589,295,538 .,628,496,372 .,038,265,552 590,230,820 135,610,731 135,610,731 1,764,107,103 1,173,876,283 590,230,820 .,627,640,691 .,034,154,933 593,485,758 147,854,063 147,854,063 1,775,494,754 1,182,008,996, 593,485,758 ,625,959,188 .,030,824,729 595,134,459 156,804,787 156,804,787 1,782,763,975 1,187,629,516 595,134,459 .,624,405,372 .,029,988,211 594,417,161 167,154,228 167,154,228 1,791,559,600 1,197,142,439 594,417,16! .,622,798,501 .,006,020,860 616,777,641 174,923,059 174,923,059 1,797,721,560 1,180,943,919 616,777,641 I., 614,288,817 .,000,261,911 614,026,906 182,712,099 182,712,099 1,797,000,916 1,182,974,010 614,026,906 [,612,843,485 1,009,369,049 603,474,436 190,438,836 190,438,836 1,803,282,321 1,199,807,885 603,474,436 1,603,747,458 [,008,285,828 595,461,630 190,804,569 190,804,569 1,794,552,027 1,199,090,397 595,461,630 [,603,758,028 1,006,642,688 597,115,340 194,631,497 194,631,497 1,798,389,525 1,201,274,185 597,115,340 1,611,507,861 1,006,146,931 605,360,930 199,007,920 199,007,920 1,810,515,781 1,205,154,851 605,360,930 TREASURER. 245 No. 11.—Estimated stock of gold coin and bullion, etc.—Continued. Months. 1912—May: E s t i m a t e d stock. In the Treasury. I n circulation June: E s t i m a t e d stock. I n the Treasury. I n circulation July: E s t i m a t e d stock. In the Treasury. I n circulation August: E s t i m a t e d stock. In the Treasury. I n circulation... September: E s t i m a t e d stock In the Treasury. I n circulation... October: E s t i m a t e d stock, In the Treasury. I n circulation November: E s t i m a t e d stock. I n the Treasury. I n circulation December: E s t i m a t e d stock I n the Treasury. I n circulation... 1913—January: E s t i m a t e d stock I n the Treasury. I n circulation... February: E s t i m a t e d stock In the Treasury. I n circulation... March: E s t i m a t e d stock In the Treasury. I n circulation... April: E s t i m a t e d stock I n the Treasury. I n circulation... May: E s t i m a t e d stock In the Treasury. I n circulation... June: E s t i m a t e d stock I n the Treasury. I n circulation... Gold coin. Gold b u l l i o n . Total. ,613,009,112 ,004,469,096 608,540,016 $200,027,283 200,027,283 $1,813,036,395 1,204,496,379 608,540,016 ,615,248,998 ,004,524,845 610,724,153 202,939,419 202,939,419 1,818,188,417 1,207,464,264 610,724,153 ,617,733,665 ,008,987,295 608,746,370 205,876,260 205,876,260 1,823,609,925 1,214,863,555 608,746,370 ., 617,182,123 ,005,482,770 611,699,353 214,901,441 214,901,441 1,&32,083,564 1,220,384,211 611,699,353 ,614,734,663 ,004,824,337 609,910,326 226,647,772 226,647,772 1,841,382,435 1,231,472,109 609,910,326 ., 614,949,636 ,004,335,428 610,614,208 241,885,521 241,885,521 1,856,835,157 1,246,220,949 610,614,208 .,615,788,712 994,582,600 621,206,112 251,559,549 251,559,549 1,867,348,261 1,246,142,149 621,206,112 .,617,073,329 993,914,108 623,159,221 261,503,793 261,503,793 1,878,577,122 1,255,417,901 623,159,221 .,619,631,581 .,002,577,743 617,053,838 255,994,537 255,994,537 1,875,626,118 1,258,572,280 617,053,838 .,611,790,988 ., 001,433,247 610,357,741 255,429,710 255,429,710 1,867,220,698 1,256,862,957 610,357,741 ,610,221,955 ,003,086,482 607,135,473 248,347,939 248,347,939 1,858,569,894 1,251,434,421 607,135,473 .,614,806,056 .,003,100,279 611,705,777 252,281,029 252,281,029 1,867,087,085 • 1,255,381,308 . 611,705,777 .,615,906,704 ., 005,902,275 610,004,429 245,463,191 245,463,191 1,861,369,895 1,251,365,466 610,004,429 .,619,645,807 1,011,245,008 608,400,799 251,116,028 2.51,116,028 1,870,761,835 • 1,262,361,036 608,400,799 246 REPORT ON THE FINANCES. No. 12.—Estiinated stock of silver coin, the amount in the Treasury, and the amount in •circulation at the end of each month, from January, 1908; also silver other than stock held in the Treasury. Months. 1908—January: E s t i m a t e d stock. In the Treasury. In circulation... February: E s t i m a t e d stock In the Treasury. I n circulation.... March: E s t i m a t e d stock. I n t h e Treasury. In circulation... April: E s t i m a t e d stock. In the Treasury. i n circulation... May: E s t i m a t e d stock. I n t h e Treasury. In circulation... June: E s t u n a t e d stock. In the Treasury. In circulation... July: E s t i m a t e d stock. In the Treasury. In circulation... August: E s t i m a t e d stock. In the Treasury. In circulation... September: E s t i m a t e d stock. In the Treasury. In circulation... 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. In theTreasury. In circulation... December: E s t i m a t e d stock. In the Treasury. In circulation... 1909—January: E s t i m a t e d stock. In theTreasury. In circulation... 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 the Treasury. In circulation... April: E s t i m a t e d stock. In the Treasury. In circulation... May: E s t i m a t e d stock. In the Treasury. In circulation... June: E s t i m a t e d stock. I n t h e TreawSury. In circulation... July: E s t u n a t e d stock I n the Treasury. In circulation... August: E s t i m a t e d stock. I n the Treasury. I n circulation... Standard dollars. Subsidiary' silver. O t h e r silver items held. $562,849, 473,292, 89,557; $141,517,793 10,816, 738 130,701,055 $704,367,775 484,109,628 220, 258,147 $9,715,900 562,930 476,391 86,539; 143,464,623 16,075,711 127,388,912 706, 395,605 492 467,468 213; 928,137 10, 264,137 563,009 479,412; 83,596; 144,486,463 18,452,313 126,034,150 707 496,445 497 865,309 209; 631,136 11,305,261 563,097 482,347' 80,750; 144,809,002 20,267,842 124,541,160 707 906,984 502: 615,430 205; 291,554 11,128,435 563,179 485,076; 78,103j 143.538.263 22,155,411 121, 382, 852 706, 718,245 507; 232,062 199, 486,183 10,829,470 563,277 486,949', 76, r " ' 147,355,783 23,177,618 124,178,165 710. 633,595 510; 126, 773 200; 506,822 11,078,247 563,357, 488,172' 75,185; 147,005,385 24,222,649 122,782,736 710, 363,367 512 395,497 197; 967,870 10,642,882 563,413. 488,522; 74,891 147,779,837 23,774,263 124,005,574 711 193,819 512: 297,150 198; 10,432,468 563,493, 488,409' 75,084 145,770,090 21,746,013 124,024,077 709 264,072 510: 155,848 199; 108,224 10,156,193 563,554. 488,8I4: 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, 926,039 563,861 492,179 71,682; 153,845,035 25,957,101 127,887,934 717 706,847 518; 136,398 199, 570,449 563,930, 492,700; 71,229, 154,608,399 26,899,135 127.709.264 718, 539,211 519, 600,129 198, 939,082 563,985, 493,245, 70,740, 158,587,115 27,2.50,163 131,336,962 722, 572,927 520, 495,749 202, 077,178 564,061 492,073: 71,987; 159,408,546 27.076.748 132,331,798 723, 470,265 519: 150,567 204; 319,698 1,457,393 564,090. 492,203; 71, — ' 159,428,122 26,571,114 132,857,008 723 518,934 518; 774,238 204; 744,696 ;, 352,521 564,139. 491,582! 72,556^ 155,766,307 25,270,932 130,495,375 719, 906,119 516, 853,763 203 052,356 i, 306,676 , 761,650 247 1?REASURER. No. 12.—Estimated stock of silver coin, etc.—Continued. Months. Standard dollars. Subsidiary | silver. n.^^^ 1909—September: $564, 188,812 $160,026,753 $724,215,565 Estimated.stock.. 21,577,881 512,187,964 490, 610,083 I n t h e Treasury... 138,448,872 212,027,601 73, 578,729 In circulation October: 160,276,491 724,519,210 564, 242,719 Estimated stock.. 17,952,453 507,811,315 489, 858,862 I n t h e Treasury... 142,324,038 216,707,895 In circulation 74, 383,857 November: 725,599,352 161,304,633 564, 294,719 Estimated stock.. 15,963,589 505,659,901 489, 696,312 I n t h e Treasury.. 145,341,044 219,939,451 In circulation 74, 598, 407 December: 727,135,856 162,801,137 564, 334,719 Estimated stock.. 505,404,193 15,832,549 489, 571,644 I n t h e Treasury... 221,731,663 146,968,588 In circulation 74, 763,075 '.910—January: 727,718,824 564, 382,719 163,336,105 Estimated stock... 510,627,216 19,703,483 490, 923,733 I n t h e Treasury... 143,632,622 217,091,608 73, 458,986 In circulation February: 728,242,605 163,815,886 564, 426,719 Estimated stock.. 513,014,382 21,389,008 491, 625,374 In the Treasury.. 215,228,223 142,426,878 In circulation 72, 801,345 March: 161,343,971 725,820,690 564, 476,719 Estimated stock.. 513,243,624 21,384,171 491, 859,4.53 In the Treasury.212,577,066 139,959,800 In circulation 72, 617,266 April: 161,472,306 725,992,025 564, 519,719 Estimated stock.. 513,446,745 21,594,391 491, 852,354 In the Treasury.212,545,280 139,877,915 72, 667,365 In circulation May: 164,753,394 729,319,113 564, 565,719 Estimated stock.. 21,367,285 513,500,230 492, 132,945 I n t h e Treasury.432,774 143,386,109 215,818,883 72, In circulation June: 719,764,256 564, 605,508 1 155,158,748 Estimated stock.. 511,748,011 492, 172,994 19,575,017 I n t h e Treasury.208,016,245 72, 432,514 135,583, 731 In circulation July: 720,050,581 644,719 155,405,862 564, Estimated stock.. 512,866,392 492, 488,565 20,377,827 In the Treasury.. 207,184,189 135,028,035 In circulation 72, 156,154 August: 720,124,546 564, 690,508 155,434,038 Estimated stock.. 512,280,328 20,366,533 491, 913,795 I n t h e Treasury.. 207,844,218 135,067,505 In circulation 72, 776,713 September: 720,049,014 564, 731,508 155,317,506 Estimated-stock.. 509,553,611 490, 733,547 18,820,064 I n t h e Treasury.. 73, 997,961 136,497,442 210,495,403 In circulation October: 720,906,304 564, 759,508 156,146,796 Estimated stock.. 506,696,746 16,995,517 I n t h e Treasury.. 489, 701,229 214,209,558 139,151,279 In circulation 75, 058,279 November: 564, 783,508 156,546,852 721,330,360 Estimated stock.. 14,974,568 504,230,438 489, 255,870 In the Treasury.. 217,099,922 141,572,284 In circulation 75, 527,638 December: 722,669,561 564, 805,508 157,864,053 Estunated stock.. 504,412,439 15,401,350 In the Treasury.. 489, Oil, 089 218,257,122 794,419 142,462,703 In circulation.:.. . 75, 1911—January: 564, 851,508 723,038,402 158,186,894 Estimated stock.. 509,618,896 19,091,685 In the Treasury.. 490, 527,211 213,419,506 139,095,209 In circulation 74, 324,297 February: 156,369,541 564, 889,508 721,259,049 Estimated stock.: 20,661,890 511,649,022 I n t h e Treasury.. 490, 987,132 135,707,651 209,610,027 In circulation 73, 902,376 March: 723,466,537 564, 920,508 158.546,029 Estimated stock.. 512,410,442 20,935,886 I n t h e Treasm'y.. 491, 474,556 211,056,095 137,610,143 " In circulation 73, 445,952 April: 723,841,489 564, 958,508 158,882,981 Estimated stock. 21,278,864 513,181,969 In the Treasury.. 491, 903,105 137,604,117 In circulation 210,659,520 73, 055,403 1 A revised estimate adopted, making a reduction of $9,700,000. Other silver items held. . $8,127,316 8,083,657 7,788,748 6,901,631 7,158,382 9,241 7,035,125 6,867,448 6,940,796 7,217,834 6,832,816 6,947,235 6,853,365 7,104,040 7,045,344 6,573,911 6,528,480 6,402,986 7,065,139 '7,'i7i,'8i6 248 REPORT ON T H E FINANCES. No. 12.—Estimated stock of silver coin, etc.—Continued. Months. 1911—May: Estimated stock.. I n t h e Treasury... I n circulation June: Estimated stock.. I n t h e Treasury... In circulation July: Estimated stock.. I n t h e Treasury... In circulation August: Estimated stock.. In the Treasury.. In circulation September: Estimated stock.. In the Treasury.. In circulation October: Estimated stock.. In theTreasury.. I n circulation.... November: Estunated stock.. In the Treasury.. In cii'culation December: Estimated stock.. In the Treasury.. In circulation 1912—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: Estiinated stock. I n t h e Treasury.. In circulation May: Estimated stock. I n t h e Treasury.. I n circulation June: Estimated stock. I n t h e Treasury.. In circulation July: Estimated stock. In the Treasury.. In circulation August: Estimated stock. I n the Treasury.. In circulation.,.. September: Estimated stock. In theTreasury.. In circulation October: Estimated stock. In the Treasury.. I n circulation November: Estimated stock. I n the Treasury.. In circulation December: Estimated stock. • In the Treasury.. I n circulation Standard dollars. Subsidiary silver. $564,991,508 492,147,149 72,844,359 $159,201,448 21,388,360 137,813,088 $724,192,956 513,, 535,509 210,657,447 $7,193,226 565,033,367 492,587,318 72,446,049 159,607,364 21,185,641 138,421,723 724,640,731 513,772,959 210,867,772 7,187, 374 565,059,508 4,92,833,659 V2,225,849 159,709,862 21,153,059 138,556,803 724; 769,370 513,986,718 210,782,652 7,276,937 565,076,508 492,604,703 72,471,805 160,617,839 21,093,644 139,524,195 725,694,347 513,698,347 211,996,000 6,783,939 565,111,508 491,526,216 73,585,292 162,804,189 19,537,456 143,266,733 727,915,697 511,063,672 "216,852,025 6,605,677 565,141,367 490,931,067 74,210.300 161,264,426 18,617,856 142,646,570 726,405,793 509,548,923 216,856,870 6,097,082 565,168,367 490,925,423 74,242,944 164,080,387 17,490,432 146,589,955 729,248,754 508,415,855 220,832,899 5,557,907 565,186,367 490,647,776 74,538,591 165,789,312 18,016,294 147,773,018 730,975,679 508,664,070 222,311,609 4,762,138 565,222,367 492,116,937 73,105,430 164,667,449 21,775,660 142,891,789 729,889,816 513,892,597 215,997,219 4,534,173 • 565,239,367 492,688,795 72,550,572 167,332,556 23,468,394 143,864,162 732,571,923 516,157,189 216,414,734 4,473,648 565,269,367 494,740,904 70; 528,463 165,073,658 24,306,074 140,767,584 730,343,025 519,046,978 .211,296,047 4,713,877 565,301,367 494,884,971 70,416,396 165,763,883 24,738,979 141,024,904 731,065,250 519,62.3,950 211,441,300 4,821,793 565,322,367 494,961,344 70,361,023 169,884,577 25,584,334 144,300,243 735,206,944 520,545,678 214,661,266 4,640,489 565,349,020 495,009,446 70,339,574 170,588,205 25,554,007 145,034,198 735,937,225 520,563,453 215,373,772 5,000,858 565,368,367 494,830,659 70,537,708 170,680,698 25,530,820 145,149,878 736,049,065 520,361,479 215,687,586 5,206,799 565,395,367 494,326,706 71,068,661 171,425,508 25,308,849 146,116,659 736,820,875 519,635,555 217,185,320 4,907,803 565,424,367 496,449,306 68,975,061 171,749,957 23,100,165 148,649,792 737,174,324 519,549,471 217,624,853 5,296,650 565,442,020 491,842,930 73,599,090 172,078,534 20,'498,062 151,580,472 737,520,554 512,340,992 225,179,562 5,423,182 565,465,020 491,274,226 74,190,794 173,340,756 19,300,084 154,040,672 738,805,776 510,574,310 228,231,466 4,762,152 565,481,020 490,952,022 74,528,998 174,538,163 17,814,865 156,723,308 740,019,183 508,766,877 231,252,306 "4,"i39,'i86 Other silver items held. 249 • TREASURER. No. 12.—Estimated stock of silver coin, etc.—Continued. Standard dollars. Months. 1913—January: Estimated stock In the Treasury In circulation February: Estunated stock I n the Treasury.. In circulation March: Estimated stock In the Treasury In circulation April: Estimated stock.. In the Treasury In circulation . May: Estimated stock.. In the Treasury In circulation . June: Estimated stock.. In the Treasury In circulation . . . . . . , Subsidiary silver. Total. Other silver items held. $565,505,020' $174,667,638 492,256,283 20,621,533 73,248,737 154,046,105 $740,172,658 512,877,816 227,294,842 $4,449,634 565,536,020 492,968,177 72,567,843 174,897,996 21,562,760 153,335,236 740,434,016 514,530,937 225,903,079 4,555,187 565,556,020 493,269,843 72,286,177 174,981,948 21,865,085 153,116,863 740,537,968 515,134,928 225,403,040 4,609,071 565,569,020 496,372,856 72,196,164 175,087,365 21,624,333 153,463,032 740,656,385 514,997,189 225,659,196 4,680,186 565,590,020 493,494,137 72,095,883 175,299,876 21,179,158 154,120,718 740,889,896 514,673,295 226,216,601 4,719,810 565,613,263 493,486,070 72,127,193 175,195,996 20,737,926 154,458,070 740,809,259 514,223,996 226,585,263 4,724,332 No. 13.— United States notes. Treasury notes, and. national-bank notes outstanding, in the Treasury, and in circulation at the end of each month, from January, 1908. Months. 1908—January: Outstanding I n t h e Treasury. I n circulation.. February: Outstanding I n t h e Treasury, I n circulation.. March: Outstanding I n t h e Treasury In circulation.. April: - Outstanding I n t h e Treasury I n circulation.. May: Outstanding I n t h e Treasury In circulation.. June: Outstanding... In 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... I n t h e Treasury I n circulation., Octpber: Outstanding... I n t h e Treasury In circulation., November: Outstanding I n t h e Treasury In circulation.. United States notes. Treasury notes. Nationalb a n k notes. $346,681,016 7,509,361 339,171,655 $5,400,000 7,516 5,392,484 $695,402,762 $1,047,483,778 30,401,444 37,918,321 665,001,318 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 1,047,674,535 40,593,356 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 1,048,328,371 53,763,524 994,564,847 346,681,016 10,449,437 336,231,579 5,152,000 12,735 5,139,265 697,645,698 49,767,343 647,878,355 1,049,478,714 60,229,515 989,249,199 346,681,016 11,488,742 335,192,274 5,070,000 16,101 5,053,899 698,449,517 60,997,318 637,452,199 1,050,200,533 72,502,161 977,698,372 346,681,016 7,284,694 339,396,322 4,982,000 18,470 4,963,530 698,333,917 66,685,237 631,648,680 1,049,996,933 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 70,431,177 973,241,830 346,681,016 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 60,070,980 976,783,144 346,681,016 5,490,551 341,190,465 4,767,000 16,191 • 4,750,809 675,612,327 39,829,288 635,783,039 1,027,060,343 45,336,030 981,724,313 346,681,016 3,686,960 342,994,056 4,705,000 13,775 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 Total. 250 ' REPORT ON THE FINANCES. No. 13.— United States notes, Treasury notes, etc.—Continued. Months. 1908—December: Outstanding In theTreasury.. I n circulation 1909—January: Outstanding I n t h e Treasury.. I n circulation February: Outstanding In theTreasury.. I n circulation March: Outstanding In theTreasury.. I n circulation April: Outstanding In the Treasury.. I n circulation May: Outstanding In the Treasury.. I n circulation Jime": Outstanding. I n t h e Treasury.. I n cii'culation July: Outstanding I n t h e Treasury.. I n circulation August: Outstanding I n t h e Treasury.^. I n circulation September: Outstanding In theTreasury.. I n circulation October: Outstanding In theTreasury.. I n circulation November: Outstanding In the Treasury.. In circulation.... December: Outstanding In theTreasury.. I n circulation 1910—January: Outstanding In the Treasury.. I n circulation February: Outstanding I n the Treasury.. I n circulation March: Outstanding In the Treasury.. I n circulation April: Outstanding In the Treasury.. I n circulation May: Outstanding In the Treasury.. I n circulation June: Outstanding In the Treasury.. In circulation.... July: Outstanding In the Treasury.. I n circulation — United States notes. Treasury notes. Nationalbank notes. $346,681 10,25S; 336,422, $4,596,000 6,811 4,589,189 $677,068,165 $1,028,345,181 25,287,727 35,552,585 651,780,438 992,792,596 346,681 8,661 338,019; 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 10,922; 335,758, 4,468,000 •15,336 4,452,664 678,285,600 30,686,733 647,598,867 1,029,434,616 41,624,579 987,810,037 346,681 7,552; 339,128, 4,398,000 11,193 4,386,807 684,407,615 22,816,033 661,591,582 1,035,486,631 30,379,395 1,005,107,236 346,681 5,902; 340,778, 4,329,000 8,481 4,320,519 687,408,227 25,263,392 662,144,835 1,038,418,243 31,174,624 1,007,243,619 346,681 7,158; 339,522, 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 6,562; 340,118, 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 7,752; 338,928, 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 6,905: 339,775; 4,120,000 12,725 A, 107,275 698,845,474 26,902,024 671,943,450 1,049,646,490 33,820,500 1,015,825,990 346,681 4,27S; 342,402, 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 '346,681 4,501 342,179; 4,034,000 12,465 4,021,535 703,940,756 17,944,644 685,996,112 1,054,655,772 22,458,163 1,032,197,609 346,681, 4,459' 342,221; 3,982,000 4,530 3,977,470 707,-433,457 17,709,371 689,724,086 1,058,096,473 22,173,168 1,035,923,305 346,681, 7,8I4; 338,866; 3,942,000 8,162 3,933,838 710^354,253 23,240,419 687,113,834 1,060,977,269 31,063,334 1,029,913,935 346,681 8,402; 338,278; 3,894,000 9,751 3,884,249 709,879,333 37,293,444 672,585,889 1,060,454,349 45,705,291 1,014,749,058 346,681 5,906; 340,774; 3,850,000 20,286 3,829,714 710,022,868 30,426,739 679,596,129 1,060,553,884 36,353,447 1,024,200,437 346,681 5,861 340,819; 3,800,000 18,019 3,781,981 717,258,996 21,596,041 695,662,955 1,067,740,012 27,475,806 1,040,264,206 346,681 6,857; 339,823; 3,757,000 15,560 3,741,440 713,461,586 25,396,364 688,065,222 1,063,899,602 32,269,211 1,031,630,391 346,681 6,835: 339,845' 3,711,000 10,797 3,700,203 712,242,841 29,373,061 682,869,780 1,062,634,857 36,219,371 1,026,415,486 346,681 11,893 334,787; 3,672,000 9,475 3,662,525 713,430,733 29,771,198 683,659,535 1,063,783,749 41,673,819 1,022,109,930 346,681, 8,789: 337,89i: 3,632,000 11,046 3^620,954 712,029,468 36,666,030 675,363,438 1,062,342,484 45,466,115 1,016,876,369 Total. 251 TREASURER. No. 13.— United States notes. Treasury notes, etc.—Continued. Months. 1910—August: Outstanding... In the Treasury In circulation.. September: Outstanding... In the Treasury In circulation.. October: Outstanding... In the Treasury In circulation. = November: Outstanding... In the Treasury In circulation.. December: Outstanding... In the Treasury " In circulation.. 1911—January: Outstanding... In the Treasury In ciiculation.. February: Outstanding... In the Treasury In circulation.. March: Outstanding... In the Treasury In circulation.. AprU: Outstanding... In the Treasury In cii'Culation.. May: Outstanding... In the Treasmy In cii'culation.. June: Outstanding... In the Treasury In circulation.. July: Outstanding... In the Treasury In circulation.. August: Outstanding... In the Treasury In circulation.. September: Outstanding... In the Treasury In cii'culation.. October: Outstanding... In the Treasmy In circulation.., November: Outstanding In the Treasm-y In circulation.. December: Outstanding In the Treasury In cu'culation.., 1912—January: Outstandmg In the Treasmy In circulation.. February: Outstanding In the Treasury In circulation... United States notes. Treasury notes. Nationalbank notes. $346,681 6,320; 340,360, $3,587,000 10,719 3,576,281 $717,321,051 $1,067,589,067 41,929,342 35,598,345 681,722,706 1,025,659,725 346,681 5,325: 341,355; 3,546,000 8,775 3,537,225 720,795,606 29,810,242 690,985,364 1,071,022,622 35,144,896 1,035,877,726 346,681 5,496: 341,184: 3,518,000 7,442 3,510,558 724,874,308 18,805,902 706,068,406 1,075,073,324 24,309,908 1,050,763,416 346,681 6,169: 340,5ii: 3,494,000 9,626 3,484,374 726,855,833 20,430,734 706,425,099 1,077,030,849 26,609,451 1,050,421,398 346,681 9,268; 337,412, 3,472,000 10,507 3,461,493 727,705,981 23,614,689 704,091,292 1,077,858,997 32,893,958 1,044,965,039 346,681 8,532: 338,148: 3,426,000 10,877 3,415,123 726,445,388 37,863,433 688,581,955 1,076,552,404 46,406,623 1,030,145,781 346,681 5,718: 340,962: 3,388,000 9,749 3,378,251 728,935,041 31,472,797 697,462,244 1,079,004,057 37,200,928 1,041,803,129 346,681. 5,665: 341,015; 3,357,000 12,724 3,344,276 729,152,916 27,560,025 701,592,891 1,079,190,932 33,238,695 1,045,952,237 346,681 10,660: 336,020: 3,319,000 8,743 3,310,257 728,144,518 30,356,824 697,787,694 1,078,144,534 41,026,094 1,037,118,440 346,681 .11,664 335,016; 3,286,000 10,194 3,275,806 728/478,011 30,964,360 697,513,651 1,078,445,027 42,638,968 1,035; 806,059 346,681. 7,69l 338,989; 3,246,000 8,744 3,237,256 728,194,508 40,493,225 687,701,283 1,078,121,524 48,193,863 1,029,927,661 346,681 5,032: 341,648: 3,218,000 9,315 3,208,685 732,824,016 42,774,016 690,050,000 1,082,723,032 47,816,057 1,034,906,975 346,681 4,249: 342,431; 3,201,000 15,227 3,185,773 737,206,748 43,430,951 693,775,797 1,087,088,764 47.695.488 1,039,393,276 346,681 4,926; 341,754 3,166,000 10,251 3,155,749 737,788,358 41,068,954 696,719,404 1,087,635,374 46.005.489 1,041,629,885 346,681 4,768: 341,912; 3,138,000 9,868 3,128,132 739,165,313 33,166,353 705,998,960 1,088,984,329 37,944,322 1,051,040,007 346,681 5,868 340,812; 3,111,000 8,230 3,102,770 7.39,764,346 29,800,608 709,963,738 1,089,556,362 35,676,870 1,053,879,492 346,681 8,730; 337,950, 3,093,000 14,386 3,078,614 740,603,187 35,366,945 705,236,242 1,090; 377; 203 44,112,047 1,046,265,156 346,681 9,547: 337,133: 3,057,000 11,651 3,045,349 741,661,968 47,855,918 693,806,050 1,091,399,984 57,414,603 1,033,985,381 346,681 9,567 337,113: 3,040,000 12,386 3,027,614 744,272,273' 1,093,993,289 38,963,623 48,543,350 705,308,650 1,045,449,939 Total. 252 REPORT ON T H E FINANCES. No. 13.— United States notes. Treasury notes, etc.—Continued. Months. 1912—March: Outstanding In the Treasury. In circulation... April: Outstanding In the Treasury. In circulation.., May: Outstanding In the Treasury. In circulation... June: Outstanding..,., In the Treasury. In circulation... July: Outstanding In the Treasury. In circulation.. August: Outstanding In the Treasury In circulation.., September: Outstanding In the Treasury In circulation.., October: Outstanding In the Treasury. In circulation.., November: Outstanding In the Treasury In circulation.. December: Outstanding..'. In the Treasury In circulation.. 1913—January: Outstanding In the Treasury In circulation.. February: Outstanding... In the Treasury In circulation.. March: Outstanding... In the Treasury In circulation.. AprU: Outstanding In the Treasury In circulation.. May: Outstanding... In the Treasury In circulation.. June: Outstanding... In the Treasury In circulation.. United States notes. Treasury notes. Nationalbank notes. Total. $346,681,016 8,880,271 337,800,745 $3,010,000 11,004 2,998,996 •346,681,016 9,625,444 337,055,572 2,978,000 8,183 2,969,817 745,720,348 33,623,681 712,096,667 1,095,379,364 •43,257,308 1,052,122,056 346,681,016 8,657,798 338,023,218 2,957,000 .14,110 2,942,890 745,492,672 35,937,196 709,555,476 1,095,130,688 44,609,104 1,050,521,584 346,681,016 8,983,695 337,. 697,321 2,929,000 13,430 2,915,570 745,134,992 39,992,733 705,142,259 1,094,745,008 48,989,858 1,045,755,150 346,681,016 8,497,777 338,183,239 2,911, O'OO 12,573 2,898,^427 744,905,941 42,711,981 702,193,960 1,094,497,957 51,222,331 1,043,275,626 346,681,016 8,067,352 338,613,664 2,884,000 8,454 2,875,546 746,501,307 40,879,280 705,622,027 1,096,066,323 48,955,086 1,047,111,237 346,681,016 5,295,957 341,385,059 2,855,000 8,740 2,846,260 747,779,654 36,770,326 711,009,328 1,097,315,670 42,075,023 1,055,240,647 346,681,016 4,137,102 342,543,914 2,836,000 10,113 2,825,887 749,348,859 27,700,595 721,648,264 1,098,865,875 31,847,810 1,067,018,065 346,681,016 5,824,179 340,856,837 2,813,000 8,440 2,804,560 750,185,776 27,800,403 722,385,373 1,099,679,792 33,633,022 1,066,046,770 346,681,016 6,995,837 339.685.179 2,797,000 10,115 2,786,885 750,972,246 30,787,771 720,184,475 1,100,450,262 37,793,723 1,062,656,539 346,681,016 9,971,816 336,709,200 2,773,000 7,089 2,765,911 750,481,769 46,623,063 703,858,706 1,099,935,785 56,601,968 1,043,333,817 346,681,016 7,729,631 338,951,385 2,742,000 9,843 2,732,157 751,117,794 39,756,894 711,360,900 1,100,540,810 47,496,368 1,053,044,442 346,681,016 8,560,513 338,120,503 2,722,000 6,886 2,715,114 752,059,332 33,648,311 718,411,021 1,101,462,348 42,215,710 1,059,246,638 346,681,016 8,456,369 338,224,647 2,709,000 13,766 2,695,234 753,076,674 36,495,987 716,580,687 1,102,466,690 44,966,122 1,057,500,568 346,681,016 7,845,947 338,835,069 2,688,000 9,639 2,678,361 755,294,066 40,620,480 714,673,586 1,104,663,082 48,476,066 1,056,187,016 346,681,016 9,465,836 337.215.180 2,660,000 3,330 2,656,670 759,157,906 43,403,670 715,754,236 1,108,498,922 52,872,836 1,055,626,086 $744,871,283 $1,094,562,299 34,887,276 43,778,551 709,984,007 1,050,783,748 253 TEEASUEEE. No. 14.—Gold certificates and silver certificates outstanding, in the Treasury, and in circulation at the end of each month, from January, 1908. Months. 1908—January: " Outstanding In the Treasury. In chculation... February:. Outstanding " In the Treasury. ' I n 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: Outstandmg " In the Treasury In circulation... August: Outstanding In theTreasury. In circulation... September: Outstanding In the Treasury. In circulation... October: Outstanding— In the Treasury In circulation... November: Outstanding— In the Treasury. In circulation... December: Outstanding In the Treasury. In circulation... 1909—January: Outstanding... • In the Treasufy. In circulation... February: Outstanding— In the Treasury. In circulation... March: Outstanding In the Treasury. In circulation... AprU: 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... Gold certificates. Silver certificates. $610, 215,869 40, 586,510 769, 629,359 $464,704,000 $1,274,919,869 11,290,360 51,876,870 453,413,640 1,223,042,999 Total. 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, 670.040 340,829 452,048,000 13,866,783 438,181,217 1,287,058,869 40,5,36,8231,246,522,046 ,910,869 29, 584,390 817, 326,479 463,778,000 17,520,019 446,2.57,981 1,310,688,869 47,104,409 1,263,584,460 825, 730,869 42, 022,380 783, 708,489 474,054,000 17,385,516 456,668,484 1,299,784,869 59,407.896 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, 911,760 653,109 487,768,000 12,684,277 475,083,723 1,325,332,869 43,596,037 1,281,736,832 842, 045,869 36, 378,105 805; 667,764 488,208,000 12,364,058 475,843,942 1,330,253,869 48,742,163 1,281,511,706 850, 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 1,351,387,869 57,001,030 1,294,386,839 858, 272,869 56, 412,360 801, 860,509 491,216,000 20,378,201 470,837,799 1,349,488,869 76,790,561 1,272,698,308 864, 263,869 25 956,330 307,539 480,898,000 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 1,327,982,869 6,607,037 54,268,697 476,757,963„ 1,273,714,172 846, 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 1,294,796,176 852, 751,869 37, 746,420 815, 005,449 484,414,000 6,696,676 477,717,324 1,337,165,869 44,443,096 1,292,722,773 852, 034,869 46, 750,510 805, 284,359 487,008,000 9,794,233 477,213,767 1,339,042,869 56,544,743 1,282,498,126 254 REPORT ON THE FINANCES. No. 14.—Gold certificates and silver certificates, etc.—Continued. Months. 1909—August: Outstanding In the Treasury. In circulation September: Outstanding In the Treasury.. In circulation October: Outstanding In the Treasury.. In circulation November: Outstanding In the Treasury. In circulation December: Outstanding In the Treasury. In circulation 1910—January: Outstanding In theTreasury.. In circulation February: Outstanding In theTreasury.. In circulation— March: Outstanding In theTreasury.. In circulation April: Outstanding In theTreasury.. •In circulation— May: Outstanding In the Treasury. In circulation June: Outstanding Ih the Treasury. In circulation— luly: Outstanding In thc Treasury. In circulation— August: Outstanding , In the Treasury. In circulation September: Outstanding In the Treasury. In circulation October: Outstanding In the Treasury. In circulation November: Outstanding In the Treasury. In chculation— December: Outstanding In theTreasury.. In circulation ' 1911—January: Outstanding I n the Treasury. In circulation February: Outstanding...'.. In the Treasury. I n circulation Gold certificates. $859,392, 47,920, 811,472, Silver certificates. $487,586,000 $1,346,978,869 9,501,446 57,422,146 478,084,554 1,289,556,723 864; 162, 58,645, 805,517, 484,826,000 5,135,169 479,690,831 1,348,988,869 63,780,879 1,285,207,990 874,656, 79,451, 380 795,205, 487,587,000 5,792,111 481,794,889 1,362,243,869 85,243,491 1,277,000,378 c884,339, 93,962, 790,377, 487,038,000 5,928,407 481,109,593 1,371,377,869 99,891,007 1,271,486,862 874,792, 84,885, 789,907, 487,-355,000 12,965,542 474,389,458 1,362,147,869 97,851,342 1,264,296,527 866,808, 50,617, 816,191, 484,665,000 10,624,977 474,040,023 1,351,473,869 61,242,467 1,290,231,402 858,472, 40,844, 817,628, 485,775,000 6,537,927 479,237,073 1,344,247,869 47,382,217 1,296,865,652 852,877, 45,676, 807,201, 489,834,000 5,688,438 484,145,562 1,342,711,869 51,365,048 1,291,346,821 851,665, 66,959, 784,706, 489,798,000 5,947,355 483,850,645 1,341,463,869 72,906,975 1,268,556,894 857,003, 54,151, 802,852, 489,317,000 8,053,089 481,263,911 1,346,320,869 62,204,299 1,284,116,570 862,936, 60,182, 02,754, 489,117,000 1,352,053,869 70,702,432 10, .519,762 478,597,238 1,281,351,437 870,597, 38,934, 831,663, 489,474,000 12,810,624 476,663,376 1,360,071,669 51,745,264 1,308,326,405 889,811, 35,945, 853,866, 485,939,000 10,267,573 475,671,427 1,375,750,669 46,212,773 1,329,537,896 895,178, 49,212, 845,965, 484,657,000 • 5,238,487 479,418,513 1,379,835,669 64,451,197 1,325,384,472 899,859, ^3,059, 489,068,000 5,691,589 483,376,411 1,388,927,669 68,751,089 1,320,176,580 910,354, 67,480, 842,874, 488,190,000 7,462,588 480,727,412 1,398,544,669 74,942,860 1,323,601,809 922:, 855, 73,681, 849,174, 485,571,000 11,237,501 474,333,499 1,408,426,669 84,918,531 1,323,508,138 937,757, 36,371, 901,386, 480,003,000 10,692,058 469,310,942 1,417,760,669.' 47,063,375 1,370,697,294 940,079, ( 30,468,: 909,611,' 478,686,000 6.485,117 472,200,883 1,418,765,669 36,953,297 1,381,812,372 255 TREASURER. No. 1.4.—Gold certificates and silver certificates-, etc.—-Continued. Months. 1911—March: Outstanding In the Treasury In chculation April: ' Outstanding In the Treasury In circulation May: Outstanding In the Treasury In chculation June: Outstanding In the Treasury In chculation .July: Outstanding In the Treasury In chculation. August: Outstanding In the Treasury In circulation September: - Outstanding In the Treasury In circulation October: Outstanding In the Treasury In chculation November: Outstanding In the Treasmy In chculation December: Outstanding In the Treasury In chculation 1912—January: Outstandhlg In the Treasury In chculation February: =i Outstandhlg In the Treasury In chculation March: Outstandhlg In the Treasury In chculation AprU: Outstanding In the Treasury In chculation May: Outstanding In the Treasury In chculation June: Outstanding In the Treasury In circulation July: Outstanding In the Treasur}' In chculation August: Outstanding In the Treasury In chculation.! September: Outstandhlg In the Treasury In circulation " ' •. .....' .• '. : Gold certificates. Silver certificates. $950,380,669 34,515,050 915,865,619 $474,096,000 $1,424,476,623 6,673,373 41,188,490 467,422,627 1,383,288, 246 Total. 967,232,669 32,827,160 934,405,509 472,632,000 6,610,877 466,021,123 1,439,864,662 39,438,039 1,400,426,637 983,158,669 36,958,040 946,200,629 468,436,000 5,848,232 462,587,768 1,451,594,669 42,806,272 1,408,788,397 994,870,669 64,502, 740 930,367,929 463,499,000 9,955,304 453,543,696 1,458,369,669 74,458,044 1,383,911,625 991,457,669 80,361,620 911,096,049 467,546,000 6,845,366 460,700,634 1, 459,003,669 87,206,986 1,371,796,683 994,338,669 70,648,980 923,689,689 466,411,000 6,062,089 460,348,911 1,460,749,669 76,711,069 1,384,038,600 1,002,070,669 71,944,640 930,126,029 464,051,000 5,610,683 458,440,317 1,^466,121,669 77,555,323 1,388,566,346 997,062,669 80,100,670 916,961,999 484,281,000 8,590,586 475,690,414 1,481,343,669 88,691,256 1,392,652,413 .,002,579,669 106,938,921 895,640.748 490,453,000 7,001,027 483,451,973 1,493,032,669 113,939,948 1,379,092,721 1,010,956,369 104,012,002 906,944,367 489,166,000 11,138,716 478,027,284 1,500,122,369 115,150,718 1,384,971,651 1,035,612,369 71,458,840 964,153,529 484,594,000 15,934,925 468,659,075 1,520,206,369 87,393,765 1,432,812,604 1,025,723,369 06,580,573 959,142,796 477,919,000 10,235,603 467,683,397 1,503,642,369 76,816,176 1,426,826,193 1,028,432,369 81,295,114 947,137,2.55 487,163,000 12,307,624 474,855,376 1,515,595,369 93,602,738 1,421,992,631 1,034,296,369 82,329,040 951,967,329 486,191,000 10,883,976 475,307,024 1,520,487,369 93,213,016 1,427,274,353 1,034,895,36974,588,040 960,307,329 483,223,000 11,489,859 471,733,141 1,518,118,369 86,077,899 1,432,040,470 1,040,057,369 96,621,751 943,435,618 481.549,000 12,324,600 469,224,400 1,521,606,369 108,946,.351 1,412,680,018 1,037,068,259 90,952,380 946,115,889 487,825,000 15,077,673 472,747,327 1,524,893,269 106,030,053 1,418,863,216 1,053,126,269 104,475,830 948,6.50,439 489,512,000 17,665,069 471,846,931 1,542,638,269 122,140,899 1,420,497,370 1,065,408,169 119,165,899 946,242,270 496,153,000 13,785,.334 482,367,6u6 1,561,561,169 132,951,2.33 1,428,609,936 \ , •. ' -. 256 REPORT ON THE FINANCES. No. 14.—Gold certificates and silver certificates, etc.—Continued. Months. 1912—October: Outstanding In the Treasury In circulation... November: Outstanding In the Treasury In chculation... December: Outstanding In the Treasury In chculation... 1913—January: Outstanding.... In the Treasury In chculation... February: Outstandhlg In the Treasury In circulation... March: Outstandhlg In the Treasury In circulation... AprU: Outstandhlg In the Treasury In chculation.".. May: Outstanding In the Treasury In chculation.".. June^ Outstandhlg In the Treasury In chculation... Gold certificates. $1,056,017,169 112,471,740 943,545,429 Silver certificates. Total. $489,266,000 $1,545,283,169 119,988,604 7,516,864 481,749,136 1,425,294,565 1,068>346,169 126,588,360 941,757,809 489,578,000 9,542,337 480,035,663 1,557,924,169 136,130,697 1,421,793,472 1,084,434,169 128,747,197 955,686,972 490,787,000 12,814,458 477,972,542 1,575,221,169 141,561,655 1,433,659,514 1,086,351,169 83,528,920 1,002,822,249 478,209,000 14,344,733 463,864,267 1,564,560,169 97,873,653 1,466,686,516 1,082,198,169 88,080,330 994,117,839 469,324,000 8,401,306 460,922,694 1,551,522,169 96,481,636 1,455,040,533 1,068,610,169 85,105,928 983,504,241 474,826,000 10,216,445 464,609,555 1,543,436,169 95,322,373 1,448,113,796 1,075,198,169 S5,005,170 990,192,999 480,597,000 11,405,472 469,191,528 1,555,795,169 96,410,642 1,459,384,527 1,079,407,169 81,819,775 997,587,394 483,067,000 15,685,730 467,381,270 1,562,474,169 97,505,505 1,464,968,664 1,086,947,169 82,949,460 1,003,997,709 483,550,000 14,421,408 469,128,592 1,570,497,169 97,370,868 1,473,126,301 257 TEEASUEEE. No. 15.—Estimated stock of all kinds of money at the end of each month, from January, 1907. [Notes include United States notes. Treasury notes, and national-bank notes.) Months. 1907—January . . February. March AprU May June July August.... September October... November, December. 1908—January... February. March AprU May June July August September October... November. December. 1909—January... February. March AprU May June July August— September. October... November. December. 1910—January... February. March AprU MTay June July August.... September October... November. December. 1911—January... February. March AprU May June July August.... September October... November, December. 1912—January... February. March AprU May Jurie July August.... September October... November December. 1913—January... February. March AprU May June 16726°—FI 1913- -17 Gold. 116,107 972,427 373,750 893,741 136,891 ,389,101 168,738 563,328 969,710 742,845 714,719 ,530,493 600,555 848,474 565,614 267,3cS4 013,933 ,133,492 299,889 558,948 681,386 3.58,744 844,151 881,807 029,303 725,109 422,056 489,542 ,900,733 ,041,999 811,127 ,495,783 833,501 714,131 906,223 ,108,821 ,962,795 ,083,846 803,152 522,091 428,314 ,043,478 749,850 179,924 398,050 759,176 198,787 828,297 ,936,137 ,461,293 760,945 588,314 448,215 196,722 ,107,103 494,754 763,975 559,600 721,560 ,000,916 ,282,321 552,027 389,525 515,781 036,395 188,417 ,609,925 083,564 382,435 835,157 348,261 577,122 ,875,626,118 867,220,698 858,569,894 867,087,085 „_,369,895 870,761,8:35 SUver. 690; 692, 692, 693, 693, 695, 696, 698: 702: 704: 706; 707, 707: 706: 7io: 7io: 711' 709: 714: 714: 716; 718, 719, 717 718: 722; 723 723 719; 724 724: 725: 727: 727; 728, 725, 725, 729, 719, 720, 720: 720: 720: 721' 722: 723; 721 723: 723; 724 724: 724; 725: 727: 726: 729: 730: 729: 732: 730: 731' 735: 735: 736: 736: 737: 737: 738: 740: 740: 740: 740: 740: 740: 740; Notes. $949,1,366,585 $3,236, 720,700 949,1,409,038 3,244,382,436 950:1,175,079 3,251 953,412 952,1,776,856 3,262. 509,616 954,:, 699,566 3,266; 789,005 956:1,4.57,706 3,11.5,561,007 955:1,967,902 .3,123, 333,737 956:',524,337 3,123,056,673 956:1,375,130 3,134,688,449 962:!, 274,482 3,148,776,911 oos:1,445,212 3,269,065,058 042:1,290,911 3,349,223,380 047:•,4.83,778 3,380,452,108 047:,674,535 3,389,918,614 048::, 328,371 3,398 390,430 049:1,478,714 3,396: 653,082 o.5o:1,200,533 3,372: 932,711 049:1,996,933 3,378; 764,020 043:;, 673,007 3,384, 336,263 036:1,854,124 3,389 606,891 027:,060,343 3,380: 005,801 017:,230,208 3,38i;079,734 ois::, 508,193 3,392,136,961 028:,345,181 3,399,116,912 027;,879,108 3,395, 030,775 ,434,616 3,405: 573,677 029,,486,631 3,398: 615,534 035,418,243 3,406' 446,996 038 ,138,131 3,406; 611,791 0391,816,090 3,406,328,354 040;,204,180 3,407,534,241 046,,646,490 3,406,048,392 049,,559,475 3,424,608,541 053:,655,772 3,427,889,113 054:,096,473 3,42.S,602,048 058;1,977,269 3,426,221,946 060.1,454,349 3,428,135,968 O6O:1,553,884 3,4.30,880,335 O6O:',740,012 3,442,423,854 067::, 899,602 3,410,413,718 063:1,634,857 3,419,382,284 062:i, 783,749 3,419,591,483 063:1,342,484 3,434,142,915 062:,589,067 3,463,893,537 067:,022,622 3,474,469,686 071'1,073,324 3,488,738,804 075:,030,849 3,499,559,996 077:,858,997 3,509,356,855 077:1,552,404 3,518,526,943 076:,004,057 3,530,724,399 079',190,932 3,540,418,414 079; 1/144,534 3,546,574,.337 078; 1,445,027 3,556,086,198 0781,121,524 3,555,958,977 078:1,723,032 3,571,599,505 082:',088,764 3,588,277,865 087:,635,374 3,598,375,046 087:1,984,329 3,606,919,722 1,556,362 3,616,526,676 1,377,203 3,618,353,798 ,399,984 3,624,572,121 1,993,289 3,621,117,239 ,562,299 3,623,294,849 1,379,364 3,636,960,395 1,130,688 3,643,374,027 :, 745,008 3,648,870,650 :, 497,957 3,654,156,947 .,066,323 3,664,970,762 ,315,670 3,675,872,429 1,865,875 3,693,221,586 1,679,792 3,705,833,829 1,450,262 3,719,046,567 1,935,785 3,715, 734,561 1,540,810 3,708, 195,524 ,462,348 3,700)570,210 1,466,690 3,710,210,160 :, 663,082 3,706,922,873 1,498,922 3,720,070,016 258 REPORT ON THE FINANCES. No. 16.—Estimated amount of all kinds of money in circulation at the end of each month, from January, 1907. Gold. 1907—January February... March AprU May June •Tuly August September.. October November.. December.. 1908—January Febmary... March April May June .July August September.. October November.. December.. 1909—January February... March April May June July August September.. October November.. December.. 1910—January February... March AprU May June July August September.. Oetober November.. December.. 1911—January Februa:'ry... March AprU May June JiUy August September.. October iSfovember.. December.. 1912—January February... March AprU May .June July , August September.. October November.. December.. 1913—January February... March AprU May June $695,539,841 692,895,812 090,439,279 691,481,469 695,680,258 .561,697,371 566,036,725 560,356,994 561,956,589 574,459,086 640,577,952 648,573,173 641,496,096 633,804,057 629,732,705 628,168,888 618,620,761 613,244,810 615,7S8,276 619,990,263 615,955,118 610,060,562 616,998,061 619,317,841 605,944,900 609,998,359 608,292,6.59 609,289,337 605,243,676 599,337,698 596,806,4.35 587,838,757 598,443,000 598,773,175 603,961,316 606,212,413 603,514,652 597,798,938 594,085,718 591,814,708 594,954,808 590,877,993 591,665,438 592,685,008 593,070,080 594,934,945 601,492,185 605,650,087 597,287,884 593,671,450 590,169,057 589,433,525 600,864,352 589,295,538 590,230,820 .593,485,758 595,134,459 594,417,161 616,777,641 614,026,906 60.3,474,436 595,461,630 597,115,340 605,360,930 608,540,016 610,724,153 608,746,370 611,699,353 609,910,326 610,614,208 621,206,112 623,159,221 617,053,838 610,357,741 607,135,473 611,705,777 610,004,429 608,400,799 SUver. $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:,959,161 226:1,293,287 220:,258,147 213:1,928,137 209:1,631,136 205:,291,554 199: ,486,183 2oo;,.506,822 197 ,967,870 ,896,669 198;,108,224 199,403,946 206;,474,033 208,,506,958 207,,258,229 204,1,926,039 202,,570,449 199,1,939,082 198,1,077,178 202:,319,698 204':, 744,698 204:1,052,356 203:,,027,601 212:.,707,895 216 ,939,451 219 ,731,663 221,091,608 217r, 228,223 215.,577,066 212;1,545,280 212,,818,883 215,,016,245 208,,184,189 207,,844,218 207,495,403 210:,209,558 214',099,922 217:1,257,122 218;,419,506 213,',610,027 209,,056,095 211'1,650,520 210:',657,447 210:1,867,772 210:1,782,652 210:,996,000 2111,852,025 216:i,cS56,870 216:1,832,899 220:!, 311,609 222:,997,219 215:.,414,734 216:,296,047 211 ,441,300 211 ,661,266 214:.,373,772 215:.,687,586 215:,185,320 217:,624,853 217:., 179,562 225:., 231,466 225:,252,306 231', 294,842 227:.,903,079 225:.,403,040 225:.,659,196 225:1,216,601 226:1,585,263 226: Notes. $923,280,171 928,052,632 934,841,838 936,545,549 939,197,181 937,487,715 933,504,724 935,200,569 933,101,522 943,979,945 999,115,141 1,029,779,142 1,009,565,457 1,007,081,179 994,564,847 989,249,199 977,698,372 976,008,532 973,241,830 976,783,144 981,724,313 990,887,282 997,702,100 992,792,596 981,439,115 987,810,037 1,005,107,236 1,007,243,619 1,008,545,378 1,009,860,488 1,011,031,742 1,015,825,990 1,025,631,435 1,032,197,609 1,035,923,305 1,029,913,935 1,014,749,058 1,024,200,437 1,040,264,208 1,031,630,391 1,026,415,486 1,022,109,930 1,016,876,369 1,02.5,659,725 1,0.35,877,726 1,050,-763,416 1,050,421,398 1,044,965,039 1,030,145,781 1,041,803,129 1,045,952,237 1,037,118,4.40 1,035,806,059 1,029,927,661 1,034,906,975 1,039,393,276 1,041,629,885 1,051,040,007 1,053,879,492 1,046,265,156 1,033,985,381 1,045,449,939 1,050,783,748 1,052,122,058 1,0.50,521,584 1,045,755,150 1,043,275,826 1,047,111,237 1,05.5,240,647 1,067,018,065 1,066,046,770 1,062,656,539 1,043,333,817 1,053,044,442 1,0.59,246,638 1,057,500,568 1,056,187,016 1,055,626,086 Certiflcates. Total. $1,080,500,878 $2,902,902,093 2,890,721,222 1,068,081,888 2,906,399,868 1,077,135,512 2,932,106,025 1,100,201,002 2,9.39,782,589 1,101,094,661 2,772,958,455 1,070,283,524 2,7.31,323,560 1,078,277,826 2,789,201,820 1,088,410,780 2,805,854,374 •1,101,051,860 2,876,368,696 1,141,045,477 3,008,241,583 1,144,589,329 3,078,989,298 1,174,343,696 3,094,382,099 1,223,042,999 3,092,666,641 1,237,853,268 3,080,450,734 1,248,522,046 3,088,294,101 1,263,584,460 3,036,182,289 1,240,376,973 3,038,015,488 1,248,255,324 3,045,982,547 1,258,984,571 3,077,406,908 1,281,736,832 3,078,299,361 1,281,511,708 3,098,498,021 1,291,146,231 3,117,581,033 1,294,388,839 3,092, .315,703 1,272,698,308 3,091,312,548 1,299,670,302 3,084,778,006 1,284,053,571 3,086,684,518 1,273,714,172 3,098,663,124 1,281,191,086 3,108,662,408 1,294,790,178 3,106,240,857 1,292,722,773 3,095,080,999 1,282,498,128 3,096,273,826 1,289,558,723 3,121,310,028 1,285,207,990 3,124,679,057 1,277,000,378 3,131,310,934 1,271,488,882 3,122,154,538 1,284,298,527 3,125,586,720 1,290,231,402 3,134,093,250 1,298,865,652 3,138,273,811 1,291,346,821 3,104,547,273 1,268,556,804 3,121,305,747 1,284,118,570 3,102,355,605 1,281,351,437 3,124,052,401 1,308,328,405 3,155,728,847 1,329,537,896 1,325, .384,472 3,104,827,881 3,180,084,499 1,320,176,580 3,192,815,314 1,323,001,809 3,192,380,388 1,323,508,138 3,211,550,485 1,370,697,294 3,226,898,978 1,381,812,372 3,230,465,635 1,383,288,246 3,237,838,117 1,400,426,632 3,256,116,255 1,408,788,397 3,214,002,596 1,383,911,625 3,207,717,130 1,371,796,683 3,228,913,634 1,384,038,600 3,242,182,715 1,388,566,346 3,254,988,451 1,392,852,413 3,270,582,753 1,379,092,721 3,207,575,322 1,384,971,651 3,288,289,640 1,432,812,604 3,284,152,496 1,426,826,193 3,281,187,766 1,421,992,631 3,296,198,639 1,427,274,353 3,30.5,763,336 1,432,040,470 3,284,513,093 1,412,660,018 3,286,572,798 1,418,883,216 3,296,493,280 1,420,497,370 3,311,385,762 1,428,609,938 3,328,106,400 1,425,294,565 3,337,277,820 1,421,793,472 1,433,659,514 .3,350,727,580 3,354,369,013 1,466,686,516 3,344,345,795 1,455,040,533 3,339,898,947 1,448,113,796 3,354,250,068 1,459,384,527 3,357,376,710 1,464,968,684 3,363,738,449 1,473,126,301 259 TEEASUEEE. No. 17.—Assets of the Treasury other than gold, silver, notes, and certificates at the end of each month, from January, 1907. Months. 1907—January February.. March AprU May June July August September. October November.. December.. 1908—January .February... March AprU May Jurie July August September. October November.. December.. 1909—January February... March April May Jimc July August September. October November. December.. 1910—January February... March April May June July August September. October November. December.. 1911—January February... March April May June July August September. October November.. December.. 1912—January February... March AprU M;ay June July August September. October November. December.. 1913—Januaiy February... March..!... AprU May June M i n o r coin. Fractional Deposits in national banks. $58 $160,654,952 73 150 486,236 159 165 235,680 80 178 691,078 150 183 810,572 57 178 741,438 91 156 990,205 147 157 102,219 58 170 512,212 92 220 270,625 107 236 548,321 172 256 920,155 75 238 190,042 129 230 515,443 47 202 882,822 117 200 713,219 85 164 912,412 141 180 357,000 75 130 660,745 3,098 8:^4 125 12S 907,343 2,898 359 92 129 925,200 2,665 449 135 131 693,492 2,306 071 97 130 111,806 2,023 737 239 123 928,438 2,36i0 179 103 100 511,200 2,423 955 165 72 343,825 2,802 819 35 70 518,470 2,745 130 59 71 159,294 2,582 133 146 72 946, OSO 2,607 433 79 71 662,SOl 2,430 978lis 54 022, 746 1,923 098 53 51 851,531 1,972 344 53 50 604,523 1,519 743 125 49 497,654 1,222 515 59 49 069,718 1,060 ,531 110 47 926,877 1,187 889 183 48 353,942 1,192 280 87 48 618,090 1,022 457 136 47 603,386 1,148 185 138 46 944,681 1,257 024 78 50 841,325 938 199 131 52 209,5S6 1,144 107 127 48 390,919 922 151 65 48 765,121 882 828 134 48 047,442 652 188 63 47 898,287 583 325 100 47 868,364 499 536 137 47 135,285 880 763 98 48 695,234 1,417 100 127 46 867,652 1,351 229 53 46 732,832 1,162 994 77 48 393,015 990 174 127 49 828, 771 1,979 184 12,302,030 47 647,685 894.419 1,883 208 49 244,763 1,757 755 819,745. 48 684,242 1,464 244 401,672 48 568,692 2,202 828 1,003,308 48 200,874 1,673 S6V 817,838 47 820,242 1,434 516 699,488 47 768, 604 1, 797 922 1,058,487 47 439,242 1,074,287 2,050 105 46 748,305 2,330 084 • 1,039,299 44 961,011 2,571 412 658,0.55 44 839,428 2,689 355 741,798 47 525,400 2,386 925 723,619 4S 506,185 2,239 191 896,538 47 924,685 2,069 781 695,804 47 417,809 1,933 270 748,559 47 136,906 1,760 666 910,803 46 787,010 1,203 922 861,271 48 798,058 704,473 877 126 46 524,543 1,345 416 844,999 46 580,888 1,246 430 955,914 49 068,482 1,356 700 10,690 47 731,531 1,717 1.50 51,917 48 239,524 1,930 bV4 16,358 52 314,252 1,997 167 343,468 76 263,615 $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 2,889 089 3,164 307 3,077 284 Deposits in B o n d s a n d treasury of interest PhUippine Islands. 200,305 422.551 887,713 799.552 112', 786 984.102 253,678 731,183 593,868 084,571 939,200 353,145 004.169 996,970 084,367 366,421 451,942 971,068 448,751 455,226 687,105 029,618 769,987 009,72S 323,011 472,902 428,338 135,946 2S2,808 770,878 901,272 032,190 800,898 107,046 863,025 631,183 725,884 243,930 857,190 481,524 728,698 470,850 228, 662 110,363 128,254 421, .814 197,865 427.103 437, a36 194,992 261,144 929,019 584,013 746,800 249,867 .504,172 208,288 334,028 138,300 853, 794 470.553 316,837 923,814 047,267 659,006 544,196 051, 665 020,499 506,882 739.170 849,320 269,211 380,564 847,339 192,919 326,282 570,176 972,380 $513. 3o; 596, 26, 40, 60, 517, 105, 59, 49. 56: 57: 15: 32: 11 22: 37: 33: 21: 17: 9: is: 27: 26: 23: 24 is: 24' 59: is: 26: 9: 4: 14: 26: s: 5: 4s: 17: 27: 16; 12. 28; 14 12; 15, 20, IS. 25: is: 22: 10: 7: 11 14 7: 6; 50, 10; 21 4 1 Including certified checks on banks from and after this date. Total. paid. $165 933, 755 155 002, 775 170 613, 888 184 ,539,877 189 798, 511 183 428, 918 163 186, 548 163 122, 439 177 049, 965 226 884, 593 241 677, 604 262 4S9, 729 243 874, 850 235 540, 463 209 564, 875 206 874, 078 170 271, 264 735 165 525, 562 139 208, 702 138 476, 522 137 518, 872 138 407, 579 137 215, 23 130 988, 019S 107 218,;'835 78 265,'749 77 765, 117 78 065, 237 79 870, 854 77 059, 490 62 381, 987 5S 815, 397 57 382, 222 57 139, 035 56 182, 531 54 827, 892 54 253, 432 54 102, 422 53 500, 077 52 602, 593 56 843, 663 58 828, 809 55 792, 221 55 812, 710 54 070, 938 54 987, 562 54 689, 067 54 071, 424 54 032, 050 54 305, 284 53 363, 370 52 507, 753 56 393, 357 55 883, 036 59 084, 715 55 780, 360 57 650, 101 57 747, 825 56 500, 680 55 766, 173 .56 773, 167 55 211, 245 53 258, 722 54 120, 120 56 625, 548 56 195, 270 237 56 117, 042 56 234, 385 56 .339, 56 203, 920 55 732, SSI 149 54 377, 374 55 1.59,767 56 203, 619 54 348, 891 55 348, 630 59 918, 82 587, 260 REPORT ON l^HE FINANCES. No.. 18.—Assets ofthe Treasury at the endof each month, from January, 1907. Gold. Months. 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 AprU May June July August September. October... November. December. 1910—January . . February.. March AprU May June July August September. October... November. December. 1911—January... Februarj^. March AprU May June July August September. October... November. December. 1912—January... February.. March AprU May Jurie July August September. October... November. December. 1913—January... February., March April...... May June $902 576, 912 076, 920 934, 926 412, 923 456, 904 691, 908 132, 912 206, 921 013, 915 283, 921 136, 955 957, 987 104, ,002 044, ,012 832, ,011 098, 997 383, L,004 888, ,014 511, ,021 568, ,027 726, ,039 298, ,041 846, ,034 563, ,043 084, ,046 736, ,037 129, ,040 200, ,039 657, ,042 704, ,041 004, ,048 657, ,048 390, ,049 940, ,040 944, ,031 898, ,038 448, ,044 284, ,054 777,. ,028 707, ,032 473, ,045 165, ,080 084, ,083 494, ,090 327, ,097 824, ,099 706, ,103 178, ,121 648, ,136 789, ,147 591, ,155 154, ,1,52 5S3, ,163 901, ,173 876, ,182 008, ,187 629, ,197 142, ,180 943, ,182 974, L,199 807, ,199 090, ,201 274, ,205 154, ,204 496, ,207 464, ,214 863, ,220 384, ,231 472, ,246 220, ,246 142, ,255 417, ,258 572, ,256 862, ,251 434, ,2.55 381, ,251 365, L,262 361, Silver. Notes. $493 ,765,992 $26, 16,086,414 495:,054,708 !1,356,406 21, 495:,179,853 5,333,241 15, 496,681,764 6,231,307 16, 497;,994,644 5,502,385 15, 499,,254,430 8,969,991 18, 500;,103,061 12,463,178 22, 498;,996,139 11,323,768 21, 494,,973,464 13,273,608 23, 489,,400,842 .8,294,537 is; 483:,598,056 9,330,071 9, 484:,643,67cl 2,511,769 12, 493:,825,528 17,918,321 37, 502;,731,605 0,593,356 40, 509,,170,570 3,763,524 53, 513 , 743,865 60, 10,229,515 518;,061,532 '2,502,161 72, '3,988,401 521 ,205,020 73, 0,431,177 523;,038,379 70, 10,070,980 522,,729,618 60, 5,336,030 520,,312,041. 45, 16,342,926 517;,990,265 26, 10,806,093 20, 516,,031,279 5,552,585 35, 518;,303,410 6,439,993 46; 523 ,069,542 1,624,579 525;,249,56^1 41, 0,379,395 526,,964,965 30, 1,174,624 527,,984,706 31, 2,592,755 528,,647,077 32, 0,955,602 .30, 527,,607,960 5,172,438 527,,128,759 35, 3,820,500 525,, 160,439 33, 17,928,040 520,,315,280 27, 12,458,163 515,,894,972 22, 12,173,168 513 , 448,64f 1 22, 1,063,,334 512;,305,824 31, 5,705,291 517,,785,598 45, 8,353,447 520,,003,62c 36, 17,475,806 520,,278,749 27, 2,269,211 520,,314,19c: 32, 6,219,371 520;,441,027 36, 1,673,819 518;,965,845 41, 5,466,115 519;, 969,208 45, 1,929,342 519,,227,56c: 41, 5,144,896 ,35, 516,,406,976 14,309,908 513 ,800,786 24, 16,609,451 511 ,275,782 26, 2,893,958 510;,986,350 32, 6,406,623 516,,147,376 48, 7,200,928 518;,052,008 37, 3,238,695 519;,475,581. 33, 1,026,094 520,,353,785 41, 2,638,968 520,,728,735 42, 8,193,863 520,,960,33cl 48, 7,816,057 521 ,263,655 47, 7,695,488 520;,482,286 47, 6,005,489 517,,669,349 46, 7,944,322 515,,646,005 37, 5,676,870 ,35, 513 ,973,762 4,112,047 513 ,426,208 44, .7,414,603 518;,426,770 57, 8,543,350 520,, 630,837 48, 3,778,551 523;, 760,855 43, 3,257,308 524 ,445,743 43, 4,609,104 525;, 186,167 44, 8,989,858 525,,564,31:. 48, 1,222,331 525,,568,278 51, 8,955,086 524 ,543,358 48, 42, 524 , 846,121 • 2,075,023 1,847,810 517;,764,17^ 31, 3,633,022 515,,336,462 33, 7,793, 723 512,,906,057 37, 6,601,968 517,,327,450 56, 7,496,368 519,,086,12^: 47, 2,215,710 519,,743,999 42, 4,966,122 519,,677,375 44, 8,476,066 519,,393,105 48, .2,872,836 52, 5is:,948,328 Certificates. $47 711 51 993, 46 729 48 285 55 889 83 918, 90 721, 94 ,539, 93 561, 78 519, 74 316, 64 078, 51 876, 49 237, 40 536, 47 104; 59 407, 49 018, 43 848, 43 596, 48 742, 48 464, 57 001; 76 790, 45 491, 61 042, 54 268, 48 054, 34 449, 44 443, 56 544, 57 422, 63 780, 85 243, 99 891, 97 851, 61 242, 47 382, 51 365, 72 906, 62 204, 70 702, 51 745, 46 212, 54 451, 68 751, 74 942, 84 918, 47 063, 36 953, 41 188, 39 438 42 806, 74 458 87 206 76 711 77 555, 88 691, 113 939, 115 1.50, 87 393, 76 816 93 602 93 213, 86 077, 108 946, 106 030, 122 140 132 951, 119 988, 136 130, 141 561, 97 873, 96 481, 95 322, 96 410, 97 .505, 97 370, Other. Total. $165,933,755 $1,636, 16,074,418 155,002,775 1,635, •5,484,485 170,613,888 1,648, 8,790,810 184,539,877 1,672, 2,151,087 189,798,51: 1,682, .2,641,381 183,428,918 1,690, 10,263,414 163,186,548 1,684, 4,605,843 163,122,43^1 0,187,769 1,690, 177,049,965 1,709, 19,871,167 226,884,59c 1,728, 18,283,123 241,677,601,730, 0,059,038 262,489,729 1,779, '9,680,664 243,874,85(1 1,814, 4,050,028 235,540,46c 0,147,442 1,830, 209,564,875 1,825, 15,868,701 206,874,078 1,839, 9,050,363 170,271,26^ 1,817, 7,636,025 165,525,735 1,814, 4,626,383 139,208,562 1,791, 1,038,029 138,476,702 1,786, 6,442,022 137,518,522 1,779, 9,635,024 138,407,672 1,770, 0,503,683 137,215,579 1,772, 2,900,071 130,988,238 1,796, 6,198,760 107,218,019 1,765, 5,303,524 78,265,835 1,752, 2,919,025 77,765,749 1,726, 6,508,203 78,065,117 1,725, 5,479,435 79,870,237 1,715, 5,216,819 77,059,85^t 1,722, 2,770,813 1,722, 62,381,490 12,230,122 58,615,987 1, 723, 13,676,098 57,382,397 1,717, 7,797,097 57,139,222 1,730, 0,676,804 1,732, 56,182,035 2,639,766 .54,627,531 1,727, 17,744,439 54,253,892 1,715, 5,435,391 54,102,432 1,702, 12,126,627 53,500,422 17,-397,459 1,707, 52,602,077 1,706, 16,799,839 56,843,59c 1,708, 18,181,796 56,628,66; 1,733, 3,136,244 55,792,809 1,733, 3,057,808 55,812,22: 1,746, 6,676,815 10,401,749 54,070,71(1 1,750, 19,673,952 1,759, 54,987,938 54,669,562 1,767, 17,204,257 54,071,067 1,786, 16,048,116 54,032,421,785, :5,298,.051 1,783, 3,301,126 54,305,050 4,857,871 53,363,281,794, 52,507,370 1,808, 18,480,075 5,151,591 56,393,753 1,815, .55,683,357 1,863, 3,196,781 1,889, •9,247,017 59,084,036 12,678,554 55,780, 715 1,882, 1,886, 16,510,037 57,650,36(1 1,897, 7,171,123 57,747,10: 1,901, 1,035,124 56,500,625 55,766,680 1,911, 1,429,663 56,773,17;: 1,919, 9,816,196 55,211,167 0,291,927 1,900, 5,674,574 53,258,245 1,915, 54,120,722 0,191,640 1,920, 6,994,669 • 56,625,120 1,916, 1,947, 7,160,332 56,195,548 3,801,487 1,953, 56,117,270 2,2.57,791 1,972, 56,234,237 56,339,042 1,987, 7,683,528 1,972, 2,024,922 56,203,385 55,732,92( 1,986, 16,975,250 2,002, 12,057,217 54,377,881 55,159,14< l,9i!5. 5,534,500 1,976, 6,130,459 56,203,374 54,348,767 1,963, 3,065,270 55,348,61fi 19711,784,066 59,918,89: 1,976, '6,659,083 2,014, 4,140,698 82,587,630 TREASURER. 261 No. 19.—Liabilities ofthe Treasury at the endof each month, from January, 1907. Months. 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 AprU.. May June July August September. October November., December.. 1910—January February.. March AprU May , June July August September. October November.. December.. 1911—January February.. March AprU May June July August September. October November., December.. 1912—January February.. March April May June July August September. October November.. December.. 1913—January February.. March April May Jime Certificates and Treasury notes. 134; 700,869 124, 460,869 130, 146,869 154, 668,869 163, 061,869 160, 189,889 174, 889,869 188, 736,869 200, 319,869 225, 777,869 224, 451,869 243, 900,869 280, 319,L69 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; 380,869 333,574,869 333,519,869 341, 380,869 343, 211,869 351 098,869 353; 059,869 366, 277,869 375,359,869 366,089,869 355, 367,869 348,097,869 346,511,869 345, 220,869 350;031,869 355, 725,869 363 703,669 379; 337,669 383,381,669 392, 445,669 402, 411 421; 186,669 422. 153,669 427: 833,669 443, 183,669 454,880,669 461 615,669 462; 221,669 463,950,669 469,287,669 484, 481,669 496,143,669 503,215,369 523, 263,369 506; 682,369 518, 605,369 523,465,369 521,075,369 524,535,369 527,804,269 545, 522,269 564 416,169 548; 119,169 560, 737,169 578, 018,169 567; 333,169 554, 264,169 546; 158,169 558,504,169 565, 162,169 573, 157,169 Agency account. $106,665 110,868; .115,775 116,093; 111,949; 108,012; 121,141 114,790; 119,999 115,278; 105,056; 116,259; 117,862; 118,891 120,961 121,6I2; 121,847; 117,199; 129,693, 116,372; 115,561 109,305 115,475; 122,612, 115,915 112,091 110,193: 114,470; 111,795, 105,014, 120,580; 124,626, 120,531 125,295 125,344; 127,605 129,106; 123,456, 122,000; 128,116, 125,984, 120,515; 126,997, 127,815, 126,036, 131,539, 128,481 134,755 128,644; 125,621 127,569; 129,590, 123,792, 111,404 124,500; 126,319, 122,827; 126,167 122,647; 131,288; 123,139; 121,716; 115,535, 121,112, 118,921 105,472; 114,348, 122,093, 123,420, 125,181 126,291 130,462; 122,355 124,829; 118,410, 121,946, 127,519; 125,022, Balance. $394,708,: i,207 400,154,1 ,654 402,868,1 ,003 401,388,; ,343 407,629,i,665 422,061,,445 388,574,: ,188 386,660,^ ),408 389,551,,314 387,227,< ,019 400,551,1 ,013 419,519,! ,991 416,417,; ,301 418,845,1 ,804 412,608,: ^191 401,596, < ),9S8 390,933,; ,256 395,171,; ,348 353,628,: 5,173 339,890,: ),139 329,052,i },573 316,882,: J, 253 301,387,; \362 319,501,' ,417 299,701,i ,585 291,263,! ,813 283,934,,071 ( 277,433,! ,835 269,901,; ,309 276,375, ),428 258,437,' ^755 247,950,! ),871 244,206,: >,114 239,103, ( 5,078 231,935,: ,125 234,048,! 5,866 230,960,! ),864 230,571,; ,813 238,885,: ),265 233,462,: },139 232,165,,417 256,894,1 ,675 242,356,: ),224 239,523,: 5,208 240,984, ( ,016 235,688,! 5,932 236,683,; ,886 239,393,^ ,472 235,466,! ),829 235,525,' ,708 239,454,i ,526 235,705,! ),902 236,477,! ^947 290,176,! ),926 302,525,; ,300 292,408,! 5,854 294,394,! ,996 286,522,: },399 282,243,1 ,628 276,925,! ),993 273,413, i :,503 271,892,' J, 703 281,534,1 ,096 275,613,! 1,947 276,997,i r,558 317,152,' ?,479 311,648,' 5,787 304,641,' ,784 299,846,1 ),615 298,724,: ,219 299,946,' ),420 293,576,; ),381 295,846, ( ),020 297,036, ( ),683 298,496,: ),280 291,333, ( ,044 283,977,: ',281 315,960,! ),985 Total. $1 636,.,074,418 ihV},,484,485 648,1,790,810 672,1,151,087 682,:, 641,381 690,,263,414 684,,605,843 690,', 187,769 709,,871,167 728,,283,123 730,,059,038 779,', 680,664 814,,600,028 830,•,147,442 825,,868,701 839,1,050,363 817,,636,025 814,,626,383 791,,038,029 786,1,442,022 779.1,635,024 770,1,503,683 772,1,900,071 796,1,198,760 765,,303,524 752,1,919,025 726,1,508,203 725,.,479,435 715,.,216,819 722,1,770,813 722,1,230,122 723,1,676,098 717,,797,097 730,1,676,804 732,1,639,766 727;',744,439 715,,435,391 702,1,126,627 707,,397,459 706,1,799,839 708,1,181,796 733,1,136,244 733,1,057,808 746,1,676,815 750,1,401,749 759,1,673,952 ,204,157 767,.,048,116 786,,298,051 785,1,301,126 783,:, 857,871 794,1,480,075 808,.,151,591 815,1,196,781 863,1,247,017 889,1,678,554 882,1,510,037 886,,171,123 897,,035,124 901,,429,663 911,1,816,196 919,1,291,927 900,.,674,574 915,1,191,640 920,1,994,669 916,,160,332 947,1,801,487 953,1,257,791 972,,683; 528 987,1,024,922 972,1,975,250 986,1,057,217 002,,534,500 985,.,130,459 976,,065,270 963,,784,066 971,,659,033 976,t, 140,698 2 014, 262 REPORT ON T H E FINANCES. No. 20.— United States notes of each denomination issued, redeemed, and outstanzling at the close of each fiscal year from 1906. T o t a l issued. .Pedeemed d u r i n g year. T o t a l redeemed. $188,384,160 186,763,048 592,821,760 1,208,531,240 528,682,400 147,015,200 . 191,714,000 219,276,000 414,548,000 20,000,000 40,000,000 $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 '717,000.00 1,770,000.00 $186,478,236.80 185,330,018.20 585,878,855.00 932,182,559.00 507,396,948.00 143,093,025.00 .1.84,454,150.00 211,532,000.00 393,709,000.00 19,990,000.00 39,990,000.00 $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 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 3,391,034,792.00 346,681,016.00 188,364,160 186,763,048 593,521,780 1,312,851,240 528,682,400 147,015,200 191,714,000 219,276,000 414,54:8,000 20,000,000 40,000,000 10,535.00 11,660.00 1,022,790.00 98,910,975.00 3,719,190.00 480,250.00 1,035,800.00 630,000.00 1,199,000.00 186,488,771.80 185,341,678.20 588,901,645.00 1,029,093,534.00 511,116, i:38.00 .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 6,820,115.00 283,757,706.00 17,568,282.00 3,441,925.00 6,224,250.00 7,114,000.00 :i 9,840,000.00 10,000.00 10,000.00 105,020,000 3,842,735,808 105,020,000.00 3,495,054,792.00 1,000,000.00 347,881,018.00 1,000,000.00 105,020,000 3,842,735,808 105,020,000.00 3,496,054,792.00 ;346,6S1,018.00 . 188,364,160 186,763,048 671,741,780 1,335,331,240 531,582,400 147,015,200 193,914,000 219,628,000 432,028,000 20,000,000 40,000,000 14,048.00 13,344.00 9,523,650.00 102,919,770.00 3,275,240.00 466,150.00 1,108,SOO.00 1,880,000.00 4,419,000.00 10,000.00 188,502,817.80 185,355,022.20 598,425,295.00 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 1,408,025.80 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 ;347,6S1,016.00 1,000,000.00 123,610,000 3,966,345,808 123,610,000.00 3,619,664,792.00 346,681,018.00 One doUar T w o doUars F i v e dollars T e n doUars T w e n t y doUars Fifty dollars O n e 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 doUars F i v e t h o u s a n d doUars '^Pp.n thnnRa,nd dollars $188,364,160 186,763,048 722,261,760 $50,520,665 54,440,000 1,389,771,240 535,882,400 4,320,000 147,015,200 194,974,000 1,060,000 221,926,000 2,300,000' 452,328,000 20,300,000 20,OOOO, 000 40,000,000 $11,396.00 12,414.00 37,871,840.00 84,440,590.00 4,857,160.00 385,200.00 1,450,400.00 544,000.00 3,458,000.00 $186,514,213.80 135.367,438.20 834; 297,135.00 1.218,453.894.00 • 519,04S;533.00 144,404,625.00 188,048,950.00 214,566,000. CO 402,914,000.00 20,ooo; 000.00 39,990,000.00 $1,849,948.20 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. CO Total.. U n k n o w n , destroyed 132,940,000 4,099,285,808 132,940,000.00 3,751,804,792.00 1,000,000.00 347,881,016.00 1,000,000.00 132,940,000 4,099,285,808 132,940,000.00 3,752,604,792.00 346,681,016.00 Issued during year. Denominations. Outstanding. 1906. One 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 F i v e h u n d r e d dollars . One t h o u s a n d d o l l a r s . . F i v e t h o u s a n d dollars Ten thousand dollars. $107,840,000 Total Unknown, destroyed.. Net: 1907. O n e dollar Two dollars. F i v e dollars T e n dollars I^wenty dollars Fifty dollars One hmidred 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 Five thousand d o l l a r s . . . T e n tliousand dollars Total Unkno^vn, d e s t r o y e d . . Net 700,000 104,320,000 1908. O n e dollar °. T w o dollars F i v e dollars Ten d o l l a r s . . . 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 d o l l a r s . . . ' . F i v e t h o u s a n d dollars Ten thousand dollars. Total Unknown, destroyed.. Net 78,220,000 22,480,000 2,880,000 2,200,000 350,000 17,480,000 10,000.00 1909. ^ Net i6,666.66 263 TEEASUEEE. No. 20.^—United States notes of each denomhiation issued, redeemed, and outstanding at close of each fiscal year from 1906—Continued. Issued during j^ear. Denominations. T o t a l issued. Redeemed d u r i n g year. Total redeemed. $188,364,160 188,783,048 800,451,760 1,432, 751,240 543,322,400 147,015,200 196,304,000 .221,926,000 452,328,000 20,000,000 40,000,000 $7,391.00 7,334.00 51.384.295.00 66,502,900.00 4,192,280.00 302,950.00 1,428,850.00 943,000.00 5,191,000.00 $186,521,604.80 185,374,770.20 685,661,430.00 1,282,956,794.00 523,240,818.00 144,707,575.00 189,477,800.00 215,509,000.00 408,105,000.00 20,000,000.00 39,990,000.00 $1,842,555.20 1,388,277.80 114,790,330.00 149,794,446.00 20,081,582.00 2,307, 625.00 6,826,200.00 6,417,000.00 44,223; 000.00 129,940,000 4,229,225,SOS 129,940,000.00 3,881,544,792 00 1,000,000.00 347,881,018.00 1,000,000.00 129,940,000 4,229,225, SOS 129,940,000.00 3,882,544,792.00 346,681,016.00 188,364,160 186, 763,048 912,311,780 1,465,751,240 .543,322,400 147,015,200 196,304,000 221,926,000 454,328,000 20,000,000 40,000,000 5,964.00 6,026.00 74,902,160.00 60,988,890.00 4,453,460.00 281,100.00 1,312,900.00 1,216,500.00 3,693,000.00 188,527,588.80 185,380, 796.20 760,563,590.00 1,343,945,684.00 527,694,278.00 144,988,675.00 190,790,700.00 216,725,500 00 411,798,000.00 20.000,000.00 39; 990,000.00 1,836,591.20 1,382,251.80 151,74S, 170.00 121,805,556.00 15,628,122.00 2,028,525.00 5,513,300.00 5,200,500.00 42,530,000.00 146,860,000 4,376,085,808 148,860,000.00 4,028,404,792.00 1,000,000.00 347,681,016.00 1,000,000.00 146,860,000 4,376,085, SOS 146,860,000.00 4,029,404,792.00 348,681,016.00 188,364,160 186,763,048 1,019,491,760 1,508,231,240 543,322,400 147,015,200 196,304,000 221,926,000 454,328,000 20,000,000 40,000,000 5,597.00 7,293.00 S9,878,240.00 50,147,630.00 3,435,690.00 185,150.00 816,900,00 730,500.00 4,453,000.00 186,533,165. SO 185,388,089 20 850,441,830.00 1,394,093,314.00 531,129,968.00 145,173,825.00 191,607,600.00 217,456,000.00 416,251,000.00 20,000,000.00 39,990,000.00 1,830,994.20 1,374,958.80 169,049,930.00 114,137,926.00 12,192,432.00 1,841,375.00 4,698,400.00 4,470,000.00 38,077,000.00 149,660,000 4,525,745,808 149,660,000.00 4,178,064,792.00 1,000,000 00 347,681,016.00 1,000,000.00 149,660,000 4,525,745,SOS 149,860,000.00 4,179,064,792.00 346,681,016.00 188,364,160 186,763,048 1,155,011,760 1,535,711,240 543,322,400 147,015,200 196,304,000 221,926,000 454,328,000 20,000,000 40,000,000 4,012.00 3,918.00 109,782,350.00 45,630,430.00 2,127,540.00 154,150.00 488,600.00 435,000 00 4,344,000 00 186,537,177.80 185,392,007.20 960,204, ISO. 00 1,439,773,744.00 533,257,508.00 145,327,975.00 192,096,200.00 217,891,000 00 420,595,000 00 20,000,000 00 39,990,000 00 1,826,982.20 1,371,040.80 194,807,580.00 95,937,496.00 10,064,892.00 1,687,225.00 4,207, SOO. 00 4,035,000.00 33,733,000.00 163,000,000 4,688,745,808 163,000,000,00 4,341,084,792 00 1,000,000 00 347,681,016.00 1,000,000.00 163,000,000 4,688,745,808 163,000,000.00 4,342,064,792 00 346,681,016.00 Outstanding. 1910. One doUar T w o doUars F i v e dollars.. T e n dollars T w e n t y dollars Fifty doUars 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 . . $78,190,000 42,980,000 7,440,000 1,330,000 Total U n k n o w n , destroyed Net 10,000.00 1911. O n e doUar T w o dollars F i v e doUars Ten.doUars.. T w e n t y dollars Fifty dollars O n e 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 doUars Five thousand doUars... T e n t h o u s a n d doUars 111,860,000 33,000,000 2,000,000 Total U n k n o w n , destroyed Net 1912. OnedoUar T w o dollars. F i v e doUars T e n doUars T w e n t y doUars Fifty aollars One 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 Five thousand doUars... T e n t h o u s a n d doUars Total U n k n o w n , destroyed . . Net 10,000.00 . 107,ISO. 000 42,480,000 10,000.00 1913. OnedoUar T w o dollars.. F i v e doUars T e n dollars T w e n t y doUars Fifty doUars. 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 doUars Five thousand dollars... T e n t h o u s a n d doUars Total U n k n o w n , destroyed Net 135,520,000 27,480,000 10,000 00 264 REPORT ON THE FINANCES. No. 21.—Treasury notes of 1890 of each denomination issued, redeemed, and outstanding at the close of each fiscal year from 1907. Issued d u r - T o t a l issued. R e d e e m e d ing year. d u r i n g year. Denominations. 1907. O n e doUar T w o doUars F i v e doUars T e n doUars T w e n t y doUars Fifty doUars. O n e h u n d r e d dollars One t h o u s a n d dollars Total Total redeemed. 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 $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 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 22,550 269,300 180,000 447,435,000 1,006,000 442,453,000 4,982,000 64,704,000 49,808,000 120,740,000 104,680,000 35,760,000 1,175,000 18,000,000 52,568,000 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 2771586 960,390 1,437,840 727,710 20,250 237,400 143,000 447,435,000 767,000 443,220,000 4,215,000 64,704,000 49,808,000 120,740,000 104,680,000 35,760,000 1,175,000 18,000,000 52,588,000 15,467 15,748 117,925 226,020 122,940 1,900 28,000 15,000 64,308,043 49,548,162 119,897,535 103,468,180 35,155,230 1,156,650 17,790,600 52,440,000 395,350 261,837 842 468 1,211; 825 604 770 181350 209,400 128,000 447,435,000 543,000 443,763,000 3,872,000 64,704,000 49,808,000 120,740,000 104,680,000 35,760,000 1,175,000 18,000,000 52,568,000 10,989 10,776 86,605 181,360 98,920 2,450 21,900 13,000 64,319,632 49,556,938 119,984,140 103,649,540 35,254,150 1,159,100 17,812,500 52,453,000 384,368 251,062 755,860 1,030,460 . 505 850 15,900 187,500 115,000 447,435,000 426,000 444,189,000 3,246,000 64,704,000 49,808,000 120,740,000 104,680,000 35,760,000 1,175,000 18,000,000 52,568,000 10,762 9,318 67,700 131,990 70,880 1,350 21,000 4,000 64,330,394 49,566,256 120,051,840 103,781,530 35,325,030 1,100,450 17,833,500 52,457,000 373,606 241,744 688,160 898,470 434,970 14,550 166,500 111,000 447,435,000 317,000 444,506,000 2,929,000 64,704,000 49,808,000 120,740,000 104,680,000 35,760,000 1,175,000 18,000,000 52,568,000 7,645 6,545 58,110 111,050 55,600 1,050 19,000 12,000 64,338,039 49,572,801 120,107,950103,892,580 35,380,630 1,161,500 17,852,500 52,469,000 447,435,000 269,000 444,775,000 1908. One doUar T w o doUars F i v e doUars. . T e n doUars T w e n t y doUars Fifty doUars One h u n d r e d dollars One t h o u s a n d dollars Total .... .. 1909. One doUar. . . T w o doUars F i v e doUars T e n dollars T w e n t y doUai's Fifty dollars One h u n d r e d dollars O n e t h o u s a n d dollars . . Total 1910. One doUar T w o doUars F i v e doUars T e n dollars T w e n t y doUars Fifty d o U a r s . . . O n e h u n d r e d doUars One t h o u s a n d dollars Total 1911. One doUar T w o doUars F i v e dollars T e n doUars T w e n t y doUars Fifty doUars O n e h u n d r e d dollars One t h o u s a n d dollars Total . 1912. One doUar T w o dollars F i v e doUars T e n dollars T w e n t y doUars Fifty doUars One h u n d r e d dollars One t h o u s a n d doUars Total 1913. One doUar T w o dollars F i v e dollars T e n dollars T w e n t y dollars Fifty doUars..' One h u n d r e d dollars One t h o u s a n d doUars Total ' :... 365,961 235,199 632,050 787,420 379,370 13,500 147,500 99,000 2,660,000 265 TEEASTJEEE. No. 22.—Gold certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year from 1908. Denominations. 1908. Ten doUars Twenty dollars Fifty doUars One hundred doUars... ]Five hundred dollars.. One thousand doUars.. Five thousand doUars. Ten thousand doUars.. Total. Issued during year. Total issued. Redeemed during year. $107,760,000 87,280,000 12,000,000 15,600,000 6,100,000 14,300,000 17,000,000 138,320,000 $107,800,000 575,200,000 135,200,000 199,434,300 104,044,000 300,681,000 681,040,000 1,310,060,000 378,360,000 Total redeemed. Outstanding. $9,618,840 60,820,260 11,447,400 14,144,000 3,640,500 10,195,000 16,185,000 110,790,000 $9,822,840 317,981,896 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 3,413,459,300 238,821,000 2,593,875,431 819,783,869 147,280,000 39,480,000 620,560,000 45, "^80,000 141,800,000 6,600,000 213,434,300 14,000,000 105,894,000 1,850,000 316,181,000 15,500,000 704,040,000 23,000,000 148,920,000 1,458,980,000 31,261,540 69,893,560 12,396,800 -16,806,600 3,890,500 11,758,000 8,505,000 109,580,000 40,884,380 387,855,456 96,929,045 143,428,050 88,210,000 246,987,500 605,395,000 1,245,880,000 106,395,620 232,704,544 44,870,955 70,008,250 17,684,000 69,193,500 98,645,000 213,100,000 294,710,000 3,708,169,300 261,892,000 2,855,567,431 852,601,889 88,868,000 66,640,000 12,200,000 19,600,000 950,000 8,700,000 86,220,000 236,148,000 687,200,000 154,000,000 233,034,300 106,844,000 324,881,000 704,040,000 1,545,200,000 42,800,470 65,471,280 10,931,800 17,212,450 3,247,000 10,505,000 14,265,000 108,610,000 83,484,850 453,326,736 107,860,845 100,638,500 91,457,000 257,492,500 619,660,000 1,354,490,000 152,663,150 233,873,264 46,139,155 72,395,800 15,387,000 67,388,500 84,380,000 190,710,000 283,178,000 3,991,347,300 272,843,000 3,128,410,431 862,936,8 128,080,000 86,560,000 17,400,000 21,600,000 4,550,000 9,000,000 . 16,500,000 125,210,000 384,228,000 773,780,000 171,400,000 254,634,300 111,394,000 333,881,000 720,540,000 ,670,410,000 69,327,600 71,518,800 11,446,700 16,238,100 2,959,000 9,101,000 5,085,000 91,290,000 152,812,450 524,845,538 119,307,545 178,876,600 94,416,000 268,593,500 624,745,000 1,445,780,000 211,415,550 248,914,464 52,092,455 77,757,700 16,978,000 67,287,500 95,795,000 224,630,000 408,900,000 4,400,247,300 278,986,200 3,405,376,631 994,870,669 108,080,000 83,360,000 17,000,000 20,400,000 3,950,000 9,500,000 6,000,000 107,470,000 472,308,000 857,120,000 188,400,000 275,034,300 115,344,000 343,381,000 728,540,000 1,777,880,000 93,060,250 245,872,700 75,777,500 600,623,036 14,039,400 133,346,945 194,906,750 18,030,150 97,105,000 2,689,000 276,615,500 10,022,000 631,520,000 6,775,000 ' 90,180,000 1,535,960,000 226,435,300 256,498,964 55,053,055 80,127,550 18,239,000 66,765,500 95,020,000 241,920,000 355,760,000 4,756,007,300 310,573,300 3,715,949,931 1,040,057,369 179,360,000 103,680,000 19,400,000 24,400,000 4,100,000 10,500,000 10,000,000 117,070,000 651,668,000 960,800,000 207,800,000 299,434,300 119,444,000 353,881,000 736,540,000 1,894,950,000 117,389,190 82,625,760 15,727,800 20,377,950 4,039,500 12,320,000 28,290,000 141,070,000 363,261,890 683,248,798 149,074,745 215,284,700 101,144,500 288,935,500 659,810,000 1,677,030,000 468,510,000 5,224,517,300 421,84p,200 4,137,790,131 1,086,727,169 1909. Ten doUars Twenty dollars Fifty doUars •... One hundred doUars... Five hundred doUars.. One thousand doUars.. Five'thousand doUars. Ten thousand doUars.. Total. 1910. Ten doUars Twenty doUars Fifty doUars One hundred doUars... Five hundred doUars.. One thousand dollars . Five thousand doUars. Ten thousand doUars.. Total. 1911. Ten doUars Twenty doUars Fifty doUars One hundred doUars... Five hundred doUars.. One thousand dollars.. Five thousand doUars. Ten thousand dollars.. Total. 1912. Ten doUars Twenty dollars Fifty doUai's One hundred doUars... Five hundred doUars.. One thousand dollars.. Five thousand dollars.. Ten thousand doUars.. Total., 1913. Ten doUars Twenty doUars Fifty doUars.-. One hundred dollars... Five hundred dollars.. One thousand dollars.. Five thousand doUars. Ten thousand doUars.. Total- 288,408,110 277,551,204 58,725,255 84,149,600 18,299,500 64,945,500 76,730,000 217,920,000 S66 RiEPORT ON TBtE FINANCES. No. 23.—Silver certificates of each denomination issued, redeemed, and outstanding at the close of each fiscal year from 1908. Issued during year. Denominations. 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 $106,832,000 46,084,000 125,100,000 8,800,000 8,960,000 6,600,000 Redeemed, d u r i n g year. Total redeemed. Outstanding. $915,688,000 $102,077,663.00 458,032,000 45,044,352.00 1,728,760,000 151,075,315.00 583,314,000 3,001,410.00 299,826,000 2,022,260.00 78,050,000 430,000.00 81,540,000 120,000.00 16,650,000 5,000.00 32,490,000 7,000.00 $802,882,205.90 $112,805,794.10 401,988,257.60 56,043,742.40 1,463,130,717.50 263,629,282.50 565,118,889.00 18,195,111.00 285,052,710.00 14,773,290.00 68,008,140.00 8,041,860.00 80,752,580.00 787,420.00 16,619,500.00 30,500.00 32,447; 000.00 43,000.00 4,190,350,000 30.3,783,000.00 3,716,000,000.00 474,350,000.00 127,768,000 1,043,456,000 49,832,000 507,864,000 124,980,000 '1,851,740,000 25,680,000 608,994,000 299,826,000 8,600,000 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 16,822,000.00 32,455,000.00 124,141,180.10 58,280,236.40 246,010,212.50 33,821,821.00 10,909,390.00 12,501,560.00 686,820.00 28,000.00 35,000.00 336,860,000 4,527,210,000 326,798,000.00 4,042,796,000.00 484,414,000.00 151,907,600 56,020,000 138,270,000 7,800,000 1,195,383,600 583,SS4,000 1,988,010,000 616,794,000 299,826,000 80,650,000 81,540,000 16,650,000 32,490,000 135,229,421.00 52,538,084.00 138,718,915.00 14,723,550.00 3,188,800.00 4,802,950.00 83,400.00 1,500.00 8,000.00 1,054,544,260.90 504,121,827.60 1,744,44S,702.50 589,895, 729.00 292,105,410.00 76,951,:390.00 80,936,780.00 16,623,500.00 32,463,000.00 140,819,339.10 59,762,172.40 243,561,297.50 28,898,271.00 7,720,590.00 9,698,610.00 603,220.00 28,500.00 27,000.00 353,997,600 4,881,207,600 349,294,600.00 4,392,090,800.00 489,117,000.00 187,738,000 60,184,000 129,860,000 1,363,099,600 624,068,000 2,117,870,000 616,794,000 299,826,000 86,650,000 81,540,000 16,650,000 32,490,000 158,077,985.00 59,367,820.00 148,878,345.00 11,707,100.00 1,891,300.00 3,411,7.50.00 59.200.00 2,500.00 2,000.00 1,212,622,245.90 150,477,354.10 583,489,647.60 60,578,352.40 1,893,327,047.50 224,542,952.50 601,602,829.00 15,191,171.00 293,996,710.00 5,829,290.00 80,383,140.00 • 6,286,S60.00 80,995,980.00 544,020.00 16,626,000.00 24,000.00 32,465,000.00 25,000.00 357,780,000 5,238,987,600 383,398,000.00 4,775,488,600.00 463,499,000.00 186,460,000 65,152,000 145,580,000 14,240,000 1,549,559,600 ' 689,220,000 2,263,450,000 631,034,000 299,826,000 88,650,000 81,540,000 18,6.50,000 32,490,000 175,609,919.00 62,876,236.00 142,944,765.00 8,673,580.00 1,340,820.00 1,869,100.00 63, SOO. 00 2,000.00 2,000.00 1,388,232,164.90 626,365,883.60 2,036,271,812.50 610,276,389.00 295,337,330.00 82,232,240.00 81,059,780.00 16,628,000.00 32,467,000.00 161,327,435.10 62,854,116.40 227,178,187.50 20,757,611.00 4,488,670.00 4,417,760.00 480,220.00 . 22,000.00 23,000.00 411,432,000 5,650,419,600 393,382,000.00 5,168,870,600.00 481,549,000.00 204,048,000 68,664,000 131,240>000 1,753,607,800 '"^757,884,000 2,394,690,000 631,034,000 299.826,000 86;650,000 81,540,000 16,850,000 32,490,000 ISO,520,307.00 65,358,493.00 139,353,110.00 8,952,340.00 6S3,700.00 1,023,550.00 57,500.00 1,000.00 1,000.00 1,574,752,471.90 891,724,376.60 2,175,624,922.50 619,228,729.00 296,021,030.00 83,255,790.00 81,117,280.00 16,629,000.00 32,468,000.00 178,855,128.10 66,159,623.40 219,065,077.50 " 11,805,271.00 3,804,970.00 3,394,210.00 422,720.00 21,000.00 22,000.00 403,952,000 6,054,371,600 401,951,000.00 5,570,821,600.00 483,550,000.00 302,356,000 Total T o t a l issued. 1909. 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 . Total.. 1910. 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 2,000,000 Total. 1911. One doUar T w o dollars F i v e dollars T e n dollars T w e n t y dollars Fifty doUars 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 Total " . 1912. 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 Total . r 1913. One doUar T w o doUars , F i v e dollars '. T e n dollars. T w e n t y doUars Fiftv 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 Total 267 TEEASTJEER. No. 24:.:—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 1906. Issued d u r ing year. Denominations. 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 doUars F i v e h u n d r e d doUars One t h o u s a n d dollars F i v e t h o u s a n d doUars T e n t h o u s a n d dollars Net Redeemed d u r i n g year. Total redeemed. Outstandhlg. $959,928,180 $91,661,640.00 599,787,048 41,623,185.00 2,161,261,760 166,318,545.00 1,887,725,240 104,293,290.00 1,268,428,400 51,239,140.00 323,240,200 11,764,200.00 452,688,300 16,119,100.00 4,324,000.00 328,770,000 774,487,000 10,787,000.00 2,045,000.00 659,035,000 1,099,640,000 77,270,000.00 $856,525,9.56.70 $103,402,203.30 48,961,626.20 550,825,421.80 1,853,736,372.50 307,525,387.50 1,591,732,938'. 00 295,992,302.00 1,037,769,894.00 230,658,506.00 273,403,460.00 49,836,740.00 380,428,180.00 72,260,120.00 305,248,500.00 23,521,500.00 693,575,500.00 80,911,500.00 600,665,000.00, 58,370,000.00 120,880,000.00 978,760,000.00 629,826,000 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 $102,512,000 40,544,000 178,100,000 107,840,000 66,000,000 12,200,000 16,800,000 4,900,000 11,200,000 5,750,000 83,980,000 Total U n k n o w n , destroyed T o t a l issued. 1907. 1,061,924,160 95,008,371.00 648,539,048 40,943,864.00 2,315,921,760 184,605,490.00 1,992,085,240 101,971,665.00 1,363,228,400 48,180,260.00 340,840,200 11,981,150.00 475,088,300 15,857,200.00 4,407,000.00 333,870,000 785,987,000 11,157,000.00 2,050,000.00 684,040,000 1,211,740,000 88,740,000.00 951,534,327.70 591,769,285.80 2,018,341,862.50 1,693,704,803.00 1,085,950,154.00 285,384,610.00 396,285,3S0.00 309,655,500.00 704,732,500.00 802,715,000.00 1,065,500.000.00 110,389,832.30 58,769,762.00 297,579,897.50 298,380,637.00 277,278, 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 One dollar T w o dollars *. F i v e dollars T e n dollars T w e n t y d ollars. . . . Fifty dollars One h u n d r e d dollars Five h u n d r e d dollars, One t h o u s a n d dollars 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 101,998,000 48,752,000 154,660,000 104,360,000 94,800,000 17,600,000 22,400,000 5,100,000 11,500,000 25,005,000 112,10*0,000 Total TJnknown, d e s t r o y e d . 698,273,000 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 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 Five hundred d o l l a r s . . . . . One t h o u s a n d dollars F i v e t h o u s a n d dollars T e n t h o u s a n d dollars 106,832,000 48,064,000 203,320,000 139,040,000 79,120,000 18,600,000 17,800,000 8,450,000 31,780,000 17,000,000 138,320,000 1,053,654,642.70 636,853,135.80 2,179,151,617.50 1,809,678,973.00 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 Total Unknown, destroyed 804,326,000 12,017,590,108 865,220,000.00 10,370,793,223.00 1,646,796,885.00 1,000,000.00 1,000,000.00 Net 1908. Net 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 45,083,850.00 180,809,755.00 115,972,370.00 66,320,680.00 12,347,650.00 15,415,900.00 5,505,500.00 14,679,000.00 16,175,000.00 110,790,000.00 115,101,517.30 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 82,150,000.00 173,770,000.00 804,328,000 12,017,590,108 665,220,000.00 10,371,793,223.00 1,645,796,885.00 1909. . O n e dollar •. T w o dollars F i v e dollars Ten dollars. T w e n t y dollars '. Fifty dollars O n e h u n d r e d dollars F i v e h m i 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 Total U n k n o w n , destroyed Net 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 1,298,524,160 116,467,587.00 744,435,048 49,628,478.00 2,694,741,760 180,654,915.00 2,250,725,240 126,075,640.00 1,492,028,400 78,582,080.00 374,840,200 16,904,600.00 507,948,300 18,389,700.00 4,237,000.00 344,470,000 853,587,000 15,370,000.00 6,505,000.00 724,040,000 1,498,980,000 109,580,000.00 1,170,122,229.70 686,4ai,613.80 2,359,806,532.50 1,935,752,613.00 1,230,852,894.00 314,636,880.00 430,090,980.00 319,398,000.00 734,781,500.00 625,395,000.00 1,285,870,000.00 126,401,930.30 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 11,093,188,223.00 1,688,911,885.00 1,000,000.00 1,000,000.00 764,510,000 12,782,100,108 722,395,000.00 11,094,188,223.00 1,687,911,885.00 268 REPORT ON TISE FINANCES. No. 24.—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 i^Oe^-Continued. Denominations. Issued during year. Total issued. Redeemed during year. Total redeemed. Outstanding. 1910. One dollar . . . . $151,907,600 $1,448,431,760 $135,252,279.00 $1,305,374,508.70 56,020,000 800,455,048 52,561,146.00 739,042,759.80 Two dollars 214,460,000 2,909,201,760 190,201,135.00 2,550,007,667.50 Five dollars .» 139,648,000 2,390,373,240 124,052,940.00 2,059,805,553.00 Ten dollars. 74,080,000 1,566,108,400 72,975,300.00 1,303,828,194.00 Twenty dollars 14,200,000 388,840,200 16,039,600.00 330,676,460.00 Fifty dollars 20,930,000 528,878,300 18,752,700.00 -448,843,680.00 One hundred dollars 950,000 345,420,000 4,191,500.00 323,589,500.00 Five hundred dollars : 8,700,000 750,500,500.00 862,267,000 15,719,000.00 One thousand dollars 724,040,000 14,265,000.00 639,660,000.00 Five thousand dollars 86,220,000 1,585,200,000 108,610,000.00 1,394,480,000.00 Ten thousand dollars Total Unknown, destroyed $143,057,251.30 61,412,288.20 359,194,092.50 330,567,687.00 262,280,206.00 58,163,740.00 80,034,620.00 21,830,500.00 111,766,500.00 84,380,000.00 190,720,000.00 767,115,600 13,549,215,708 752,620,600.00 11,845,808,823.00 1,703,406,885.00 1,000,000.00 1,000,000.00 767,115,600 13,549,215,708 752,620,600.00 11,846,808,823.00 1,702,406,885.00 Net 1911. 167,736,000 60,184,000 241,720,000 161,080,000 88,560,000 • 17,400,000 21,600,000 4,550,000 11,000,000 16,500,000 125,210,000 Total Unknown, destroyed 913,540,000 14,462,755,708 807,650,200.00 12,653,459,023.00 1,809,296,685.00 1,000,000.00 1,000,000.00 Net .. 1,616,167,760 860,639,048 3,150,921,760 2,551,453,240 1,652,668,400 406,240,200 550,478,300 349,970,000 873,267,000 740,540,000 1,710,410,000 158,094,938.00 1,463,469,446.70 59,384,622.00 798,427,381.80 223,867,110.00 2,773,874,777.50 142,204,950.00 2,202,010,503.00 77,962,480.00 1,381,790,674.00 15,142,000.00 345,818,460.00 17,632,100.00 466,475,780.00 4,178,000.00 327,767,500.00 12,809,000.00 . 763,309,500.00 5,085,000.00 644,745,000.00 91,290,000.00 1,485,770,000.00 One dollar Two dollars Five dollars Ten dollars Twenty dollars. . Fifty dollars One hundred dollars Five hundred dollars One thousand dollars Five thousand dollars Ten thousand dollars 152,698,313.30 62,211,666.20 377,046,982.50 349,442,737.00 270,877,726.00 60,421,740.00 84,002,520.00 22,202,500.00 109,957,500.00 95,795,000.00 224,640,000.00 913,540,000 14,462,755,708 807,650,200.00 12,654,459,023.00 1,808,296,685.00 1912. 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 186,460,000 85,152,000 252,760,000 164,800,000 83,360,000 17,000,000 20,400,000 3,950,000 9,500,000 6,000,000 107,470,000 Total Unknown, destroyed 916,852,000 15,379,607,708 853,932,300.00 13,507,391,323.00 1,872,216,385.00 1,000,000.00 1,000,000.00 Net 1,802,627,760 925,791,048 3,403,681,760 2,716,253,240 1,736,028,400 423,240,200 570,878,300 353,920,000 882,767,000 746,540,000 1,817,880,000 175,626,278.00 1,639,095,724.70 62,892,847.00 861,320,228.80 232,890,705.00 3,006,765,482.50 152,013,430.00 2,354,023,933.00 80,624,690.00 1,462,415,364.00 16,095,000.00 361,913,460.00 18,931,850.00 485,407,630.00 3,421,500.00 331,189,000.00 14,481,000.00 777,790,500.00 6,775,000.00 651,520,000.00 90,180,000.00 1,575,950,000.00 163,532,035.30 64,470,819.20 396,916,277.50 362,229,307.00 273,613,036.00 61,326,740.00 85,470,670.00 22,731,000.00 104,976,500.00 95,020,000.00 241,930,000.00 916,852,000 15,379,607,708 853,932,300.00 13,508,391,323.00. 1,871,216,385.00 1913. One dollar Two dollars 1 Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars Five hundred dollars One thousand dollars Five thousand dollars Ten thousand dollars Total.... Unknown, destroyed Net 204,048,000 68,664,000 286,760,000 206,840,000 103,680,000 19,400,000 24,400,000 4,100,000 10,500,000 10,000,000 117,070,000 2,006,675,760 994,455,048 3,670,441,760 2,923,093,240 1,839,708,400 442,640,200 595,278,300 358,020,000 893,267,000 756,540,000 1,934,950,000 186,531,964.00 65,368,956.00 249,171,570.00 172,133,010.00 85,492,600.00 16,906,550.00 20,943,050.00 4,475,500:00 16,677,000.00 28,290,000.00 141,070,000.00 1,825,627,688.70 926,689,184.80 3,255,937,052.50 2,526,156,943.00 1,547,907,964.00 378,820,010.00 506,350,680.00 335,664,500.00 794,467,500.00 679,810,000.00 1,717,020,000.00 181,048,071.30 67,765,863.20 414,504,707.50 396,936,297.00 291,800,436.00 63,820,190.00 88,927,620.00 22,355,500.00 98,799,500.00 76,730,000.00 217,930,000.00 1,035,462,000 16,415,069,708 987,060,200.00 14,494,451,523.00 1,920,618,185.00 1,000,000.00 1,000,000.00 1,035,462,000 16,415,069,708 987,060,200.00 14,495,451,523.00 1,919,618,185.00 269 TEEASUEEE. N o . 25.—Amount of paper currency of each denomination outstanding at the close of each fiscal year from 1906. Denominations. Legal-tender notes. 1906. OnedoUar Two dollars ; Five dollars Ten dollars Twenty dollars Fifty dollars One hundred dollars... Five hundred dollars.. One thousand dollars.. Five thousand dollars. Ten thousand dollars.. $2,382,007 1,789,536 8,601,605 279,140, 891 22,649, 702 3,953, 925 7,621, 350 7, 744, 000 21,164,000 10, 000 10, 000 Total U nknown, des troyed. 355,067, 016 1,000,000 Certificates. $101,020,197 47,172,090 208,923, 782 16,851,411 208, oos: 804 45,882; 815 64,638, 770 15, 777, 500 59,747, 500 58,360, 000 120,870,000 1,037,252,869 National-bank notes. $344,352 164,806 76,889; 175 240,007, 710 181,097, 620 19,934, 800 42,515, 600 94, 500 24,000 561,072,563 1,037,252,869 Net. Total. $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 1,953,392,448 1,000,000 1,952,392,448 1907. OnedoUar Two dollars Five dollars Ten dollars Twenty d o l l a r s . . . , FUty dollars One hundred dollars... Five hundred dollars... One thousand dollars.. Five thousand dollars.. Ten thousand dollars.. 2,338,;375 1.745,668 7; 975. 300 285,948; 116 18,664,332 3, 468,575 6,536,650 7,114, 000 19,858, 000 10, 000 10,000 Total Unknown, destroyed. 353,669,016 1,000,000 1,154,021,869 603, 747,0,52 2,111,437,937 1,000,000 352,669,016 1,154,021,869 603, 747,052 2,110,437,937 Net. 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 18,239,300 39,705,100 93; 000 24,000 110, 734,082 56,934, 470 411, 406, 602 545,759,387 461,249,486 73, 894,890 118,50S. 020 24,307; 500 81,278,500 81,325,000 148,240,000 One dollar Two dollars Five dollars Ten dollars Twenty dollars FUty dollars One hundred dollars... Five hundred dollars.. One thousand dollars.. Five thousand dollars. Ten thousand dollars.. 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 Total Unknown, destroyed. 352,663,016 1,000,000 1,294,133,869 698,290,593 2,345.087,478 1; 000,000 351,663,016 1,294,133,8 698,290,593 2,344,087,478 Net. 10,000 112,805, 795 56,043,742 263,629,282 116,372,271 272, Oil, 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 18,389,150 40, 787,300 93,000 24,000 115,445, ,396 57,9.14,382 487,684, 557 609,829,367 492,610,866 80.077,090 121; 974,320 25,252,000 98,379.500 82, loO; 000 173, 770,000 1909. OnedoUar Two dollars Five dollars Ten dollars Twenty dollars Fifty dollars ;.. One hundred dollars.. Five hundred doilars.. One thousand dollars.. Five thousand dollars. Ten thou.sand 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 Total Unknown, destroyed. 351,896,016 1,000, 000 1,337,015,889 689,874, 665 2,378, 786,550 1,000,000 350,896,016 1,337,015,8 689,874,665 Net 10,000 124,141,161 56.280,236 246; 010,212 140,217,441 243,613,934 57,372, 515 70,694, S70 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, 667 612,233,317 461.857,606 76,860, 640 115,873,520 25.163,000 118,808,500 98,645,000 213,110,000 2,377,786,550 270 REPORT ON T H E FINANCES. No. 25.—Amount of paper currency of each denomination outstanding at the close of each fiscal year from 1906—Continued. Denominations. Legal-tender notes. Certificates. National-bank notes. Total. 1910. One dollar . T w o dollars F i v e dollars T e n dollars. T w e n t y dollars F U t y dollars One hundred dollars.. 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 dollars. Ten thousand dollars.. $2,237,912 1, 650.116 115,632:795 15i; ooo; 266 20,686. 352 2,325: 975 7,035, 600 6, 417, 000 44,351,000 Total Unknown, destroyed. 35.1,353.016 1,000; 000 1,352,053,889 718,146.015 2,419.552.900 1 2, 782; 692 3;782;802 350,353,016 1,3.52,05.3,! 713,383,323 Net 10, 000 $140,819,340 59, 762,172 243, .581,297 179, 58i: 421 241,593: 854 55,837:785 72,999; 020 15,413, 500 67,415. 500 84,3S0: 000 190, 710; 000 $343,610 164.;320 139,884:175 311,289; 990 211,974,920 16,033,000 38,383; 000 90. 000 23,000 $143,400,882 61,576,60S 499,058,267 641,837, 677 474,255,126 74.196.740 n o ; 417; 620 21,920,500 111,789,500 84.380,000 190: 720, 000 1911. OnedoUar Two dollars.... F i v e dollars T e n dollars T w e n t y dollars F i f t y dollars One h i m d r e d d o l l a r s . . Five hundred dollars.. One thou.sand d o l l a r s . . F i v e t h o u s a n d dollars. Ten thousand dollars.. 2.220,959 1;633.314 152,504,030 122; .836, 016 18,132, 972 2,042, 425 5, 700, SOO 5,200, 500 42,645, 000 Total Unknown, destroyed. 350.927, 018 1,000, 000 1, 458,369,669 729.310. 455 1 1; 165, 070 2,538,607,140 2,165,070 349.927,016 1,458,369,1 728,145,385 2, .536,442,070 Net. 10, 000 150, 477.355 60,578, 352 224,542, 952 228,806,721 254, 743, 754 58,379, 315 78,301,720 17,002.000 67,312; 500 95, 795, 000 224,630, 000 343,610 184,320 140,87S. 555 317,935; 200 217,732,020 18,148, 850 30,194, 900 90, 000 23,000 153.041.924 82;375,988 517, 725,537 067.377.937 4SS,800. 746 76,570, 590 120,197, 420 22,202.500 109,9S0; 500 95,795.000 224,640; 000 1912. OnedoUar T w o dollars F i v e dollars T e n dollars T w e n t y dollars Fifty dollars One hundred dollars... .Fivehundred dollars.. One thousand dollars.. Five thousand dollars.. Ten thousand dollars.. 2,204,600 1,618, 703 169,738, 090 115, 038, 396 12,627, 402 1,855,925 4,862,900 4; 470. 000 38,188, 000 Total...:. Unknown, destroyed. 161,327, 438 62,854,116 227,178,187 247,192, 911 280; 985, 634 59,470. 815 80,807,770 18,261,000 68,788, 500 95,020, 000 241,920, 000 343, .588 164,312 141,585,470 328,508.S70 224,856; 140 16,373, SOO 35,032,350 89,500 23,000 163,875.824 64,635;131 538,481, 747 690, 738,177 49S, 469,176 77,700, 540 120,503; 020 22,820. 500 104,999,500 95,020,000 241,930,000 350,610,016 1,000,000 1,521,608,389 746,957, 030 1 1„S72,722 2,619,173,415 2,872,722 349,810,016 1,521,606,369 One dollar T w o dollars F i v e doUars T e n dollars T w e n t y dollars F i f t y dollars One h u n d r e d d o l l a r s . . . Five hundred dollars.. One t h o u s a n d d o l l a r s . . Five thousand dollars.. Ten thousand dollars.. 2,192,944 1,606,239 195,439; 630 98,724.918 10, 444:262 1,700, 725 4,355,300 4,035,000 33,832; 000 178,855,128 68,159, 624 219,065,077 300,211,381 281,356,174 62,119,465 84,572,320 18, ,320, 500 64,987; 500 76, 730, 000 217,920, 000 343,587 164,312 143,751.670 331.208.900 230:391,SOO 19, .587. 900 34,8.55.550 89,000 23,000 181,391,659 67,930,175 558,256,377 72S, 145,197 522,192.236 83,40S; 090 123, '783,170 22,444,500 98,822, 500 76, 730,000 . 217,930, 000 Total Unknown, destroyed. 350,341,018 1,000,000 1,570,277,169 780, 415,719 '1,309,820 2,681.033,904 2;309,820 349,341.016 1,570,277,169 759,105,899 ',078,724,084 Net. 10,000 2,816,300,693 1913. Net. 10,000 1 R e d e e m e d b u t n o t assorted b y d e n o m i n a t i o n s . 271 TEEASUEEE.No. 26.—Old demand notes of each denomination issued, redeemed, and J u n e 30, 1913. T o t a l issued. Denominations. F i v e dollars T e n dollars T w e n t y dollars • . Total No. Redeemed d u r i n g year. Total redeemed. outstanding Outstandhlg. $21,800,000 20,030,000 18,200,000 $70 60 $21,778,692.50 20,010,295.00 18,187,860.00 . $21,307.50 19,705.00 12,140.00 60,030,000 130 59,976,847. .50 53,152.50 27.—Fractional currency of each denomination issued, redeemed, and outstanding J u n e 30, 1913. Denominations. Total issued. Redeemed during year. Total redeemed. Outstanding. Three cents Five cents •— Ten cents Fifteen cents Twenty-five cents.. Fifty cents $601,923.90 5,694, 717.85 82,198, 456.80 5,305,568.40 139,031,482.00 135,891,930.60 $10.00 263.10 15.00 603;'90 653.00 $511,724. .35 3,&36,259.34 77,143,373.83 5,085,620.84 134,765,442:91 132,139,109.95 $90,199.55 1,858,458.51 5,055,082.97 239,947.56 4,-266,039.09 3,752,820.55 Total Unknown, destroyed. 368, 724,079.45 1,545.00 353,461,531.22 32,000.00 15,262,548.23 • 32,000.00 353,493,531.22 15,294,548.23 Net 368,724,079.45 No. 28.—Compound-interest notes of each denonnination issued, redeemed, and outstanding J u n e 30, 1913. Denominations. T e n dollars Tw^enty 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 . . Total - Total redeemed. T o t a l issued. Redeemed d u r i n g year. $23,285,200 30,125,840 60,824,000 45,094,400 67,846,000 39,420,000 $90 20 150 $23,265,530 30,094,270 60,762,900 45,062,600 67,835,000 39,416,000 $19,670 31,570 61,100 •31,800 11,000 4,000 266,595,440 260 266,436,300 159,140 Outstanding. No. 29.—One and two yeaf notes of each denomination issued, redeemed, and outstanding J u n e 30, 1913. T o t a l issued. Denominations. T e n dollars T w e n t y dollars Fifty doUars 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 d o l l a r s . . . . Total U n k n o w n , destroyed Net ~ . Redeemed d u r i n g year. Total redeemed. Outstanding. $6,200,000 18,440,000 - 20,945,600 37,804,400 40,302,000 89,308,000 $10 20 50 $6,190,000 16,427,840 20,932,350 37,788,600 40,300,500 89,289,000 $6 000 12,160 13,250 15,800 1,500 19,000 211,000,000 SO 210,932,290 10,590 67,710 10,590 211,000,000 80 210,942,880 57 120 272 REP0:RT O N THE FINANCES. No. 30.— United States paper currency of each class, together with one and two year notes and compound-interest notes, issued, redeemed, and outstanding June 30, 1913. Issued durmg year. Class. Old demand notes... United Statesnotes.. $163,000,000 Treasury notes of 1890 Gold certificates 468,510,000 SUver certificates 403,952,000 Currency certificates. Fractional currency. One and two year notes Compound - interest notes Redeemed durTotal redeemed. ing year. Outstandhlg $60,030,000.00 4,688,745,808.00 $130.00 163,000,000.00 $53,152.60 346,681,016.00 447,435,0.00.00 5,257,517,880.46 6,054,371,600.00 1,473,625,000.00 269,000.00 421,840,200.00 401,951,000.00 Total is!5ued. 80.00 211,000,000.00 266,595,440.00 1,035,482,000 18,828,044,807.91 Total 1,545.00 368i 724,079.45 260.00 987,082,215.00 $59,976,847.50 4,342,064,792.00 444,775,000.00 2,660,000.00 4,170,790,711.46 1,086,727,169.00 5,570,821,600.00 483,550,000.00 1,473,625,000.00 15,230,548.23 363,493,531.22 57,120.00 210,942,880.00 169,140.00 266,436,300.00 16,892,926,662.18 1,935,118,145.73 No. 31.— United States notes and Treasury notes redeemed in gold from J a n . 1, 187-9, to June 30, 1913, also imports and exports of gold, by fiscal years, from 1897. Periods. T o t a l t o J u n e 30,1896.. Fiscal year 1897 Fiscal year 1898 Fiscal year 1899 Fiscal year 1900 F i s c a l y e a r 1901 Fiscal year 1902 F i s c a l year 1903 Fiscal year 1904 Fiscal year 1905 F i s c a l y e a r 1908 F i s c a l year 1907 F i s c a l year 190S Fiscalyear 1 9 0 9 . . . : . . . Fiscal year 1910. Fiscal year 1911 T o t a l to J u n e 30, 1911. 1911—July "^ A u g u s t ,. S e p t e m b e r . 'October November.. December.. 1912—January February... March AprU May June T o t a l for fiscal year 1912. 191^-July........ August September. October November.. December.. 1913—January February... March AprU May June T o t a l for fiscal year 1913. Aggregate to J u n e 30, 1913 U n i t e d States notes. Treasury notes. Total. $426,190,220 $80,073,325 68,372,923 9,828,991 22,301,710 2,696,253 18,64.5,015 6,997,250 28,637,601 6,'960,836 23,776,433 448,678 17,482,590 1,274,690 7,154,718 1,112,527 11,081,068 473,976 11,517,579 340, 675 11,452,195 192, 810 12,690,,S87 101,278 21,278,307 41,706 19,984,536^ 31,405 11,696,012 9,880 22,844,636 48,160 $606,263,545 78,201,914 24,997,963 25,642,265 35,698,337 24,223,111 IS, 757, ISO 8,267,246 11,556,044 11,858,254 11,645,005 12,792,165 21,320,012 20,015,941 11,704,892 22,892,796 735,106,329 110,630,339 845,735,668 2,052,372 3,101,119 2,980,696 2,717,825 2,731,643 '3,736,969 6,976,040 3,182,310 3,147,180 4,182,287 5,407,960 5,274,059 640 120 120 510 40 100 4,040 180 120 2,125 60 2,052,912 3,101,239 2,980,716" 2,718,325 2,731,683 3,736,969 6,976,140 3,186,360 3,147,360 4,182,407 5,410,075 5,274,119 I m p o r t s of gold. E x p o r t s of gold. . $86,014,780 120,391,674 SS, 954,603 44,573,184 66,051,187 62,021,264 44,982,027 99,066,368 53,648,961 96,221,730 114,610,249 148,337,321 44,003,989 43,339,905 73,607,013 $40,361,580 16,408,391 37,522,086 48,266,759 53,185,177 48,568,960 47,090,595 81,459,986 92,594,024 38,673,591 51,399,176 72,432,924 91,531,818 118,563,215 22,509,663 2,594,653 4,105,331 4,704,096 • 4,102,427 3,468,321 4,707,330 5,141,243 2,937,274 4,335,878 3,892,699 3,346,491 5,611,057 2,178,088 480,799 2,362,861 3,983,994 13,941,093 994,677 1,916,202 10,589,295 .7,453,589 1,816,816 4,450,899 7,171,035 45,490,360 7,965 45,498,305 48,936,500 57,328,348 5,184^175 5,261,4.51 4,344,385 4,980,979 3,745,667 4,074,762 8,698,515 6,243,780 6,497,421 5,585,690 7,352,438 6,891,794 14,110 3,040 20 30 10 1,010 80 27,610 5,198 285 5,254,491 4,344,405 4,981,009 3,745,577 4,075,772 8,698,595 6,271,290 6,497,421 5,585,710 7,374,438 6,891,794 3,747,869 5,576,900 4,200,682 11,887,492 4,474,480 11,397,007 6,210,360 5,366,471 4,380,993 4,0.13,537 4,561,260 3,386,974 7,264,664 2,498,472 568,302 330,270 2,709,594 656,704 17,237,648 12,373,409 18,076,584 3,010,168 12,467,492 569.315 67,850,957 67,830 67,918,787 69,194,025 77,762,822 848,446,636 110,706,124 959,152,760 20 22,000 273 TEEASUEEE. N o . 32.— Ti'easury 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, 1907. Rethed by redemption. Months. $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 66,000 53,000 71,000 57,000 70,000 69,000 56,000 59,000 46,000 49,000 49,000 37,000 52,000 40,000 48,000 44,000 50,000 43,000 46,000 39,000 40,000 45,000 41,000 28,000 24,000 22,000 46,000 38,000 31,000 •38,000 33,000 40,000 28,000 17,000 35,000 28,000 27,000 18,000 36,000 17,000 30,000 32,000 21,000 28,000 18,000 27,000 29,000 19,000 23,000 16,000 24,000 31.000 20,000 13,000 21,000 28,000 1907—January... February.. March . AprU .May June July August September. October... November. December.. 1908—January... February.. March AprU May...... June July August Septemper. October... November. December. 1909—January... February., March AprU May June July August September. October... November. December. 1910—January... February.. March AprU May June July August September. October... November. December. 1911—January... February. March AjprU May June July August.:. September October... November. December. 1912—January... February. March AprU May June July August — September October... November. December. 1913—Januaiy... February. March AprU May June 167g6°—FI 1913 m Outstanding. $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 5,319,000 5,240,000 5,162,000 5,070,000 4,982,000 4,903,000 4,847,000 4,767,000 4,705,000 4,649,000 4,598,000 4,625,000 4,488,000 4,398,000 4,329,000 4,274,000 4,215,000 4,189, 000 4,120,000 4,071,000 4,034,000 3,982,000 3,942,000 3,894,000 3,850,000 3,800,000 3,757,000 3,711,000 3,672,000 3,632,000 3,587,000 3,546,000 3,518,000 3,494,000 3,472,000 3,426,000 3,388,000 3,357,000 3,319,000 3,286,000 3,246,000 3.218,000 3,201,000 3,166,000 3,138,000 3,111, 000 3,093,000 3,057,000 3,040,000 3,010,000 2,978,000 2,957,000 2,929,000 2,911,000 2,884,000 2,855,000 2,836,000 2,813,000 2,797,000 2,773,000 2,742,000 2,722,000 2.709,000 2,688,000 2,660,000 :Bullion in Treasury. DoUars in Treasury. 488,000 386,000 282,000 182,000 078,000 988,000 891,000 787,000 707.000 613,000 646,000 479,000 400,000 319,000 240,000 152,000 070,000 982,000 903,000 847,000 767,000 706,000 649,000 696,000 526,000 468,000 398,000 329,000 274,000 215,000 169,000 120,000 071,000 034,000 982,000 942,000 894,000 850,000 800,000 757,000 711,000 672,000 632,000 587,000 546,000 518,000 494,000 472,000 426,000 388,000 357,000 319,000 286,000 246,000 218,000, 201,000 166,000 138,000 111, 000 093,000 067,000 040,000 010,000 978,000 967,000 929,000 911,000 884,000 855,000 836,000 813,000 797,000 773,000 742,000 722,000 709,000 688,000 680,000 .274 REPORT ON THE FINANCES, No. 33.—Transactions between the subtreasury and dealing house in New York during eachmonth,from January, 1907. Months. 1907—January... February.. March AprU May. June July August... September. October... November. December. 1908—Oaniiary... February. March.... AprU May June July August... September. October:.. November. ' December. 1909—January... February. March AprU May June • July August... September October... November. December. 1910—January.. February.. March AprU May June July August... September October... November. December. 1911—January... February.. March AprU May June July August... September October... November. December. 1912—January... February. March AprU May June July August... September October... November. December. 1913—January... February. March AprU May June Checks sent to clearing house. $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,-311.56 24,983,421.44 33,892,636.66 28,556,691.97 18,862,343. 70 20,287,286.27 26,608,121.64 24,802,630.15 23,037,267.40 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 27,663.803.30 32, soo; 185.60 29,194,692.33 27,900,695.19 27,685,647.20 29,989,716.96 38,566,891.36 35,088,909.68 34,719,066.26 40,497,778.12 34,698,563.49 33,641,116.03 29,625,689.28 33,826,200.42 36,925,209.97 30,106,731.00 29,587,059.09 38,220,632.87 38,5-59,024.19 36,809,686.59 37,042,021.66 42,180,426.38 36,216,997.44 40,035,163.67 33,738,920.42 32,346,711.71 47,809,502.10 44,964,301.72 44,012,773.26 67,033,327.47 83,169,881.74 62,203,054.18 57.123,358.88 64,495,971.78 65,776,164.00 62,816,124.78 60,568,007.63 64, .523,064.06 61,993,854.30 61,444,590.54 64,023,321.39 67,776,496.56 73,064,112.40 66,999,009.14 59,092,185.41 72,811,862.98 66,719,146.17 65,659,117.40 61,844,908.72 62,027,287.28 54.224.012.28 49,956,878.13 48,907,447.12 61,761.207.27 Checks received from clearing house. $44,822,538.29 34,265,137.69 37,746,229.90 42,994,466.83 38,191,399.28 .34,195,552.74 54,054,139.63 41,987,887.40 31,669,037.19 39,110,722.73 16,856,939.93 14,652,801.00 67,084,776.26 62,212,932.49 65,613,884.92 65,924,686.07 66,556,169.30 67,218,270.04 76,982,674.93 65,173,065.08 50,725,444.32 63,257,916.35 53,253,192.51 55,842,116.68 78,340,869.97 55,779,637.63 59,668,666.37 58,963,309.45 57,314,410.09 56,147,626.57 64,723,251.30 57,992,969.22 46,277,901.42 51,605,719.54 49,560,130.75 5,3,237,283.55 64,687,717.44 63,420,898.89 53,563,063.97 52,230,222.78 55,072,019.04 53,410,343.44 63,569,104.24 65,393,277.61 43,958,308.00 52,749,729.30 65,543,710.00 60,596,625.39 72,430,664.46 58.429,957.99 60,110,577.46 66,481,687.15 61,680;480.46 68,871,169.82 69,739,681.92 63,635,173.77 54,659,695.68 65,354,590.49 60,067,931.60 61,204,121.47 81,965,1,53.19 59,809,276. i S 54,825,506.15 62,754,252.95 63.787,358.77 54, 765,211.26 62,391,033.88 59,728,264.91 4.5,013,749.80 66,905,737.94 59,186, 798.^1 63,260,669.20 90,196,866. 46 52,5.39,839.61 45,692,394.71 45,536,120.99 46,385,163.08 66, .358,131. 76 Balances d u e subtreasury. $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. Sd 323,035.67 1,276,882.14 937,570.28 805,731.89 830,639.44 1,264,695.09 1,638,286.52 .1,738,431.35 177,748.8 360,531.22 759,050.44 1,707,748.80 2,408,770.18 127,169.35 2,876,965.81 1,325,377.86 396,654.48 1,467,260.90 1,890,498.46 231,206.04 1,294,893.05 8,694,216.76 18,871,484.72 6,73.3,424.36 7,768,820.58 6,305,723.76 8,279,453.25 8,530,337.00 2,120,953.95 10,843,687.59 10,800,666.17 4,916,843.86 7,612,207.50 16,317,525.91 14,009,925.98 14,428,439.95 14,393,694.39 10,897,187.33 10,892,149.17 9,336,952.50 1,669,142.62 13,066,708.08 12,406,740.11 8,925,665.28 7,575,346.34 11,718,292.27 Balances d u e clearing house. $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 10,180,965.97 461,920.93 693,922.08 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 21,266,441.04 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 26,996,999.38 24,168,754.63 13,197,130.68 12,846,372.77 14,861,567.26 19,773.916.41 35,062,028.16 19,965,229:69 17,386,894.44 22.124.491.78 25,484,959.95' 16,897,459.37 27,418,850.23 28,710,760.37 9,793,262.15 11,894,680.78 19,723,367.04 22,027,732.62 38,691,644.04 26,083,246.28 14,191,573.82 21,748,591.47 18,962,600.25 10,532,059.11 5,441,284.90 8,165,543.95 5,305,167.38 7,164,342.47 2,571,220.85 6,918,333.69 23,528,099.51 6,129,900.01 3,632,307.02 6,226,506.27 7,376,244.88 3,306,241.61 3,336,847.46 7,157,695.72 315,158.78 3,991,062.29 4,358,801.51 7,038,504.30 80,021,100.36 3,579,260.41 3,775,122.54 4,505,908.14 5,053,061.30 5,325,216.76 275 TEEASUEEE. No. S4:.—Amount of each kind of money used in settlement of clearing-house balances against the subtreasury in Neiv York during each month, from January, 1907. Months. Gold coin. 1907—Januarj'' February March AprU May June July August September October November December .... 1908—.Tanuarv February March..' AprU May June July August September.. .: October November December 1909—Januarv February March AprU May.. June July. August Sex) tember October November December. 1910—Januarj'^ February March.. AprU..... May.. .Tune... * July.. August.. September October November December 1911—January February. March AprU... my....:. June July August September October November December 1912—Januarj'-... February March April. . Jklay June. July • August. September. October November. December 1913—January. February March... AprU l^Iay. June.... . . . . .^.. United States notes. $20,140 19,589 19,329 23,059 23,329 24,739 26,704 19,589 18,199 15,956 1,921 5,922 27,489 89 119 1,775,139 128 6,'988,134 3,000,123 143 68,103 400,130 101 228, ,307 4,013,917 12,634,184 11,166; 414 5,890,414 5,472,763 3.162,910 5,976,999 2,153,4S6 8,097,131 5,703,063 10,761,567 6,483,916 1,132,028 2,466,230 3.496,394 3,073,492 2,374,960 2,346,459 2,178,860 2,060, 760 1,113.252 1,094,681 901,267 2,007,733 91,644 283,240 1,691,574 748,691 462,600 1,032,069 1,285 366,644 305,157 4,342 71,221 518,334 528,100 129,900 32,307 26,506 6,245 6,242 6,847 7,696 15,159 1,062 8,802 38,504 21,100 9,260 5,123 5,908 ' 3,061 6,217 Treasury notes. Gold certificates. $23,131,000 10,991,000 13,050,000 20,599,000 16,643,000 13,469.000 26,263,000 14,732,000 10,129,000 10,165,000 460,000 688,000 36,770,000 27,282,060 31,0.S7,290 41,112,290 40,379,820 34,381,310 44,274,940 40,408,190 17,442,140 23,370,880 21,266,340 20,450,170 46,673,140 11,151,000 19,307,660 25,172,200 24,156,000 22,995,000 21,020,000 16,016,270 5,100,000 7,143,310 4,100,000 14,290,000 33,930,000 17,490,000 13,891,600 19,051,000 2.3,110,000 14,652.000 26,240; 000 26,660,000 8,680,000 10,800,000 18,822,100 20,020,000 38,600,00025,800,000 12,600,000 21,000,000 18,500,000 9,600,000 5,440,000 7,800,000 6,000,000 7,160,000 2,600,000 6,400,000 23,000,000 6,000,000 3,600,000 6,200,000 7,370,000 3,300,000 3,330,000 7,150,000 300,000 3,990,000 4,350,000 7,000,000 30,000,000 3,570,000 3,770,000 4,500,000 6,050,000 5,320,000 SUver certificates. Total. $23,15L140 11,010 58913,069 329 20,622 059 16,566 329 13,493 739 25,289 704 14,751 589 10,147 199 10,180 956 461 921 693 9?2 36,797 489 27,282 139 31,087 409 42,887 4?9 40,379 948 41,369 444 47,276 063 40,408 333 17,510 943 23,771 010 21,266 441 20,-678 477 50,687 057 23,7S5 184 30,473 974 31,062 614 29,628 763 26,157 910 26,996 999 24,168 755 13,197 131 12,846 373 14,861 587 19,773 916 35,082 0'>8 19,955 230 17,386 894 o22,124 492 25,484 980 16,897 459 27,418 850 28,710 760 9,793 '?52 11,894 881 19,723 387 22,027 733 38,691 644 26,083 246 14,191 574 21,748 591 18,962 600 10,5.32 059 5,441 285 8,165 544 5,305 157 7,164 342 2,571 ??1 6,918 334 23,528 100 6,129 900 3,632 307 .6,226 508 7,376 245 3,306 ?4? 3,336 847 7,157 696 315 1.59 3,991 062 4, .358 SO? 7,038 504 30,021 100 3,579 ?80 3,775 123 4,506 90S 5,063 061 6,,325 ?17 276 REPORT ON THE FINANCES. No. 35.—Balance in the Treasury ofthe United States; amount in Treasury offices, and amount in depositary banks, at the end of each calendar year from the adoption ofthe Constitution in 1789 to 1842, and at the end of each fiscal year thereafter to 1913. Balance i n t h e T r e a s u r y . Dates. I n Treasm-y offices. 1789—Dec. 31 1790—Mar. 31 J u n e 30 Sept.30 Dec. 31 1791_june30. Septo 30 Dec.31 1792—Mar. 31 J u n e 30 Sept. 30 Dec.31 1793—Mar. 31 J u n e 30 Dec. 31 1794_Dec.31 1795—Dec.31 1796—Dec.31 1797_Dec.31 1798—Dec. 31 1799_Dec. 31 1800—Dec. 31 1801—Dec. 31 1802—Dec 31 1803—Dec. 31 1804—Dec. 31 1805—Dec. 31 1808—Dec. 31 1807—Dec 31 1808—Dec. 3 1 . ' J 1809—Dec 31 1810—Dec. 31 1811—Dec. 31 1812—Dec. 31 1813—Dec. 31 1814—Dec 31 1815—Dec. 31 1818—Dec. 31 1817—Dec.31 1818—Dec. 31 1819—Dec. 31 1820—Dec. 31 1821—Dec. 31 1822—Dec. 31 1823—Dec. 31 . 1824—Dec. 31 1825—Dec. 31 1826—Dec. 31 1827—Dec. 31 1828—Dec 31 1829—Dec. 31 1830—Dec. 31 1831—Dec. 31 1832—Dec. 31 1833—Dec. 31 1834—Dec. 31 1835—Dec 31 1836—Dec.31 . . .1837—Dec. 3 1 . . . . ; 1838—Dec. 31 1839—Dec. 31 '. 1840—Dec. 31 1841—Dec. 31 1842—Dec. 31 1843—June 30 1844—June 30 $10,490.54 232.14 :.. .... 700,000.00 1,025,610.63 1,268,827.62 691,097.04 1,414,029.62 205,330.74 380,199.04 669,889.11 390,199. 04 I n depositary banks. $28,239.61 60,613.14 155,320.23 349,670.23 570,023.80 571,699.00 679,579.99 973,905.75 751,377.34 623,133.61 420,914.51 ,, 783,212.37 1,036,973.09 561, 435.^33 753,661.69 1,151,924.17 516,442.61 SSS, 995.42 1,021,899.04 617,451.43 2.161.887.77 2,623,311.99 3,295,391.00 5,020,697.64 4,825,811.60 4,037,005.26 3,999,388.99 4,538,123.80 9, 643,850.07 9,941,809.96 3.848.056.78 2,672,276.57 3,502,305.80 3,862,217.41 5,196,542.00 1,727,848.63 13,106,592.88 22,033,519.19 14,989,465.48 1,478,526.74 2,079,992.38 1,198,461.21 1,681,592.24 4,193,690.68 9,431,353.20 1,887, 799.80 5, 296,306.74 6,342,289.48 6,649,604.31 5,965,974.27 4,362,770.76 • 4,761,409.34 3,053,513.24 911,863.16 10, 668,283.61 7,861,093.60 25,729,315.72 45,056,833.64 5,779,343.01 5,364,887.61 3,992,319.44 290,532.18 170,361.73 1,699,709.09 10,625,267.10 8,222,651.19 Total. $28,239.61 60,613.14 155,320.23 349,670.23 570,023.80 582,189.54 679,579.99 973,905.75 751,377.34 623,133.61 420,914.51 783,444.51 1,035,973.09 - 561,435.33 .753,661.69 1,161,924.17 516,442. 61 888,996.42 1,021,899.04 617,451.43 2,161,867. 77 2,623,311.99 3,295,391.00 6,020,697.64 4,825, 8 n . 60 4,037,005.26 3,999,388.99 4,638,123.80 9,643,860.07. 9,941,809.96 3,848,056.78 2,672,276.57 3,502,305.80 3,882,217.41 5,196,542.00 1,727,848.63 13,108,592.88 22,033,519.19 14,989,465.48 1,478,526.74 2,079,992.38 1,198,461.21 1,681,692.24 4,193,690.68 9,431,363.20 1,887,799.80 5,296,306.74 6,342,289.48 6,649,604.31 5,966,974.27 2 4,362,770.76 4,761,409.34 3,053,513.24 911,863.16 10,668,283.61 7,861,093.60 25,729,316.72 45,756,833.64 8 6,804,953.64 6/633. 715.23 4,683,416.48 1,704,561.80 375,692.47 2,079,908.13 11,195,156.21 8,612,860. 23 Number of depositary banks. 3 3 3 3 3 3 4 6 6 9 9 8 14 16 15 • 94 29 58 55 58 60 59 59 56 40 40 42 41 62 50 44 91 54 43 27 . 11 19 26 30 34 1 This statement is made from warrants paid by the Treasurer of the United States to Dec. 31,1821, and by warrants issued after that date. 2 The unavailable funds are not included from and after this date. 3 The amount deposited with the States under act of June 23,1836, having been taken out of the control gi the Treasury Departm.ent by th^ act of Oct. 2,1837, is not inglu^ed froni and after this d^b^e, TREASURER. 277 No. 35.—Balance in the Treasury of the United States, etc.—Contiaued. Balance in the Treasury. Dates. I n Treasury ofiices. 1845—June 30 1846—June 30 1847—June 30 1848—June 30 1849—June 30 1850—June 30 1851—June 30 1862—June 30 1853—June 30 1854—June 30 1855—June 30, 1856—June 30 1857—Jime 30 1858—June 30 1859—June 30 1860—June 30 1861—June 30 1862—June 30 1863—June 30 1864—June 30 1865—June 30 1866—June 30 1867—June 30 1868—June 30 1869—June 30, 1870—June 30 1871—June 30 1872—June 30 1873—June 30 1874—June 30 1875—June 30 1876—June 30 1877—June 30 1878—June 30 1879—June 30 1880—June 30 1881—June 30 1882—June'30 1883—June 30 1884—June 30 1885—June 30 1886—June 30 1887—June 30 1888—June 30 1889—June 30 1890—June 30 1891—June 30 1892—June 30 1893—June 30 1894—June 30 1895—June 30 1896—June 30 1897—June 30 1898—June 30 1 8 9 9 - J u n e 30 1900—June 30 1901—June 30 1902—June 30 1903—June 30 1904—June 30 1905—June 30 1906—June 30 1907—June 30 1908—June 30 1909—June 30 1910—June 30 1911—June 30 1912—June 30 1913—June 30 $726, 199.04 768: 000.00 5,446: 382.16 758: 332.15 3,208: 822. 43 7,431 022.72 12,142: 193. 97 15,097; 880.36 22,286, 462.4,9 20,300, 636.61 19,529 841.06 20,304; 844.78 18,218, 770.40 6,r 167.91 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, 243.63 92,363. 732.20 117,944; 915.43 105,279 800.67 84,819: 993.41 61,935: 763.46 52,628: 793.63 64,723: 630.48 51,712: 042.19 51,427: 414.23 84,394: 007.01 130,570; 578.16 159,020, 734.90 160,528 170.50 173,974: 146.61 152,941: 618.24 151,579: 255.91 154,557 652.96 171,851 780. 21 218,277 107.25 188,625: 383.03 189,395: 440.66 167,646: 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: 043.90 176,438; 942.32 214,193 189. 26 214,206: 233.65 234,964 115.04 246,046: 797.03 248,685: 097.53 217,591 929.57 230,674: 025.69 249,958; 296.77 255,257 493.51 247,479: 310.94 215,947: 902.41 216,263: 086.09 254,128; 166.75 279,239 692.86 246,214: 851.64 I n depositary banks. $7,386,450.82 8,916,869.83 39,980,756.39 24,066,186.19 34,124,171.64 25,904,930.78 22,779,797.62 8,597,927.34 8,206,180.34 6,919, 745.59 12,501,596.08 7,233,551.11 7,435,966.69 11,562,679.52 7,520,194.76 7,299,999.28 46,928,268.66 208,033,840.24 7,771,233.90 8,704,830.83 9,381,712.90 9,803,381.79 10,488,827.63 10,770,679. 96 13,822,070.80 18,975,315.41 54,698,728.38 43,090,750.53 26,779,703.32 21,399,689.16 10,460,130.01 9,962,626.00 10,423,767.61 10.978.605.80 11,415,474.42 12,162,168.05 33.843.700.81 70,295,326.94 92,621,371.72 93,442,683.09 117,141,564.13 140,001,016.70 104,459,638.45 • 64,803,466.30 80,731,058.05 166,803,951.96 147,692,036.79 60,427,525.69 40,631,589.58 36,048,759.38 37.912.786.14 69.746.133.15 Total. $8,110 9,683 869.83 5,446 382.16 758 332.15 3,208 822.43 7,431 022.72 12,142: 193.97 15,097: 880. 36 22,286'462.49 20,300 636.61 19,529 841.06 20,304 844. 78 18,218, 770.40 6,698. 167.91 4,685'626.04 3,931 287. 72 2,005 285.24 18,266 984.84 8,395 443.73 112,002 778.10 26,440 930.29 112.476 770. 66 161,176 174.31 116,133 529.82 126,542: 842.77 113,485 981.01 91,739 739.00 74,437 368.64 69,762 346.64 72,169 697.17 63,274: 721.71 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: 178.05 207,600 698.44 244,094 189.01 210,737 083. 76 190,841 184.72 166,847,826.49 129,178,792.63 124,824 804.94 118,885 988.16 196,348 193.17 269,637 307.07 244,468 201.96 209,282 643.13 284,488' 516.20 306,827 605.37 328,406 798.13 362,187. 361.18 388,686: 114.23 322,051' 668.02 295.477 491.89 330,689 354.82 422,061 445.47 395,171 347.73 276,375: 428.10 256,894' 675.67 290,176 928.13 317,152 478.99 315,960 984.79 Number of depositary banks. 43 49 204 330 382 385 370 276 148 - 159 183 158 164 145 143 146 124 127 131 130 134 140 136 132 160 200 290 270 205 185 159 180 155 160 160 168 172 357 442 448 677 713 842 837 928 1,255 1,438 1,414 1,380 1,362 1,353 1,535 278 REPORT ON T H E FINANCES. No. 36.—National banks designated as depositaries of public moneys, with the balance held June 30, 1913. REGULAR DEPOSITARIES. Titles of banks. To the credit of the Treasurer of the United States and United States disbursing officers. Titles of banks. To the credit of the Treasurer of the United States and United States disbursing officers. COLORADO—continued. First National Bank, Birmingham... Traders' National Bank, Birmingham Bank of Mobile, National Banking Association, Mobile First National Bank, Montgomery.. TaUadega National Bank, Talladega. First National Bank, Tuscaloosa City National Bank, Tuscaloosa $125,000.00 68,125.00 49,804. 48 47,616.34 10,000.00 25,269.26 15,531.72 United States National Bank, Denver First National Bank, Durango First National Bank, Montrose First National Bank, Pueblo Mercantile National Bank, Pueblo.. Logan County National Bank, Sterling $46,128.44 71,233.34 50,000.00. 79,802.82• 18,500.00 14,984.98 CONNECTICUT. ALASKA. First National Bank, Fahbanks..... First National Bank, Juneau 148,511.65 99,977.85 ARIZONA. First National Bank, Douglas Fhst National Bank, Nogales Phoenix National Bank, Phoenix... Prescott National Bank, Prescott... Arizona National Bank, Tucson Consohdated National Bank, Tucson Yuma National Bank, Yunia Fhst National Bank, Fort Smith Exchange National Bank, Little Rock First National Bank, Paragould 25,000.00 25,000.00 60,000.00 40,000.00 24,909.45 42,806.69 48,270.95 10,000.00 89,901.41 25,000.00 25,000.00 100,000.00 25,000.00 25,000.00 70,908.07 25,000.00 DISTRICT OF COLUMBIA. 100,000.00 10,000.00 74,500.00 40,000.00 25,000.00 300,193. 23 7,000.00 25,000.00 14,477. 73 American National Bank, Washington Commercial National Banlc, Washington District National Bank, Washington. Federal National Bank, Washington National Bank of Washington, Washington National Metropolitan Banlc, Washington Riggs National Bank, Washington.. 322,419.83 246,809.27 242,993.82 156,319.17 660,368.50 668,102.61 1,293,050.89 70,000.00 49,630.80 30,698.98 376,470.32 178,933.91 248,140. 60 110,829.75 101,646.02 120,627.65 210,154.23 10,000.00 COLORADO. American National Bank, Alamosa.. First National Bank, Colorado Springs First National Bank, Denver Colorado National Bank, Denver Denver National Bank, Denver Hamilton National Bank, Denver... 89,863.51 49,669.38 DELAWARE. Central National Bank, Wilmington. Union National Banlc, Wilmington. CALIFORNIA. First National Bank, Eureka Fhst National Bank, Fresno Farmers' National Bank, Fresno Fhst Nationa] Bank, Los Angeles... Fhst National Bank, Napa Fhst National Bank, Oakland. Central National Bank, Oakland California National Bank Sacramento National Bank of D. O, MiUs & Co., Sacramento Fhst National Bank, San Diego Fhst National Bank, San Francisco, American National Bank, San Francisco Anglo and London-Paris National Bank, San Francisco Bank or Cahfornia, National Association, San Francisco Crocker National Bank, San Francisco Mercantile National Bank, San Francisco Wells, Fargo-Nevada National Bank San Francisco Whittier National Bank, Whittier., Fhst-Bridgeport National Bank, Bridgeport City National Bank, Bridgeport Windham Comity National Bank, Danielson Charter Oak National Bank, Hartford Hartford National Bank, Hartford... First National Banlc, Meriden Second National Bank, New Haven, Thames National Bank, Norwich... 6,000.00 14,000.00 297,044. 57 201,420. 85 329,811.17 26,707. 87 First National Bank, Bradentown.. First National Bank, FeiTiandina... First National Bank, Gainesville.... Florida National Bank, Gainesville. Atlantic National Banlc, JacksonvUle Bamett National Banlc, JacksonviUe Florida National Bank, JacksonviUe. First National Bank, Key West First National Bank, Pensacola American National Bank, Pensacola First National Bank, Tampa Exchange National Bank, Tampa.. Albany National Bank, Albany Third National Bank, Atlanta Fourth National Bank, Atlanta Atlanta National Bank, Atlanta Fulton National Bank, A t l a n t a . . . . . Lowry National Bank, Atlanta National Bank of Brunswick, Brunswick : Third National Bank, Columbus 10,000.00 7,000.00 20,296.77 16,000.00 60,149.21 60,468.95 59,296.71 43,012.17 26,003.50 26,104.60 124,987.84 49,906.33 15,000.00 50,000.00 128,266. 54 . 127,185.46 49,999.96 143,337.61 10,000.00 7,000.00 279 TEEASUEEE. No. 36.—National banks designated as depositaries of public moneys, with the balance held June 30, i9i^—Continued. REGULAR DEPOSITARIES—Contmued. T'tles of banks. To the credit of the Treasurer of the United States and United States disbursing officers. INDIANA—contiued. GEORGIA—continued. First National Bank, Elberton Commercial National Bank, Macon. National Bank of Savannah, Savannah First National Bank, Valdosta $10,000.00 50,095.66 First National Bank, Blackfoot.... Boise City National Bank, Boise Exchange National Bank CoeQr d'Alene Hailey National Bank, Hailey First National Bank, Lewiston 33,444.71 104,430.28 First National Banlc, Amboy First National Bank ArenzviUe Champaign National Bank, Champaign First National Bank, Chicago Continental and Commercial National Bank, Chicago Com Exchange National Bank, Chicago , Fort Dearborn National Ban^, Chicago '. National Bank of the Repubhc, Chicago National City Bank, Chicago Danville National Bank, DanviUe... Palmer National Bank, Danville MiUkin National Bank, Decatur Southern Illinois National Bank, East St. Louis First National Bank, Edwards ville.. First National Bank, Joliet Will County National Bank, Joliet.. American National Bank, Mount Carmel First National Bank, NashviUe Edgar County National Bank, Paris Farmers' National Bank, Pekin German-American National Bank, Pekin Herget National Bank, Pekin. First National Bank, Peoria. Central National Bank, Peoria Commercial-German National Bank, Peoria : Illinois National Bank, Peoria Merchants' National Bank, Peoria.. Quincy National Bank, Quincy Ricker National Bank, Quincy Rockford National Bank, Rockford.. Peoples National Bank, Rock Island. Rock Island National Bank, Rock Island First National Bank, Springfield Illinois National Bank, Sprmgfield.. State National Bank, Springfield.... Bedford National Bank, Bedford... Citizens National Bank, Bedford Bloomington National Bank, Bloom- ington Titles of banks. To the credit of the Treasurer of the United States ahd United States disbursing officers. 150,000.00 10,000.00 24,644.05 15,077.80 19,823.78 10,000.00 26,000.00 22,580.00 1,473,619.10 714,069:28 519,972.84 50,000.00 210,009.49 257,549.03 149,338.51 10,000.00 24,699.21 60,000.00 10,000.00 26,000.00 10,000.00 • 10,000.00 10,000.00 10,000.00 200,000.00 Corydon National Bank, Corydon... First National Bank, Crawfordsville; City National Bank. EvansvUle Old State National Bank, EvansvUle First National Bank, Fort Wayne.. Hamilton National Bank, Fort Wayne Central National Bank, Greencastle. First National Bank, Hammond Citizens' German National Bank, Hammond Fletcher American National Bank, Indianapolis Indiana National Bank, Indianapolis Merchants' National Bank, Indianapolis .' National City Bank, Indianapolis... Howard National Bank, Kokomo... Dearborn National Bank, Lawrenceburg Peoples' National Bank, Lawrenceburg :... Marion National Bank. Marion Peoples' National Bank, Princeton.. Second National Bank, Richmond.. Citizens' National Bank, South Bend South Bend National Bank, South Bend First National Bank, Terre Haute... McKeen National Bank, Terre Haute , Terre Haute National Bank, Terre Haute First National Bank, Vincennes Second National Bank, Vincennes.. German National Bank, Vincennes.. Citizens National Bank, Belle Plaine. First National Bank. Burlington 200,000.00 Merchants National Bank, Burlington 200,000.00 349,892.25 Cedar Rapids National Bank, Cedar Rapids 374,929.55 Merchants National Bank, Cedar Rapids , 375,000.00 350,000.00 Commercial National Bank, Charles City 375,333. 59 25,000.00 City National Bank, Clinton 29,909.91 First National Bank, Council Bluffs. 8,000.00 First National Bank, Davenport 26,073.10 Citizens' National Bank, DesMomes. Des Moines National Bank, Des Moines 25,000.00 Iowa Bank, Des Moines.., 30,000.00 ValleyNational Bank, Des Moines.. 25,000.00 Second National National Bank, DuDuque.., 25,204.64 Fhst National Bank, Mason City.., First National Bank, Ottumwa Ottumwa National Bank, Ottumwa, 10,000.00 Red Oak National Bank, Red Oak.. 10,000.00 Shenandoah National Bank, Shenandoah 7,000.00 Security National Bank, Sioux City, $10,000.00 3,000.00 38,525..09 50,000.00 35,000.00 35,000.00 10,000.00 126,000.00 .125,000.00 70,061.72 376,042.07 24,004.65 25,000.00 10,000.00 100,000.00 125,000.00 229,608.59 50,000.00 10,000.00 14,880.01 25,000.00 199,387.48 200,000.00 199, 250.65 50,000.00 50,000.00 100,000.00 10,000.00 30,000.00 20,198.72 20,000.00 24,258.86 10,000.00 35,000.00 • 37,177.95 60,823.79 59,130.60 13,356.01 62,221.75 40,546.94 60,000.00 10,000.00 25,000.00 10,000.00 10,000.00 10,000.00 12.5,000.00 280 REPORT ON T H E FINANCES. No. 36.—National banks designated as depositaries of public moneys, with the balance held June 30, ./9:?,?—Continued.. REGULAR DEPOSITARIES—Contmued. Titles of banks. To the credit of the Treasurer of the United States and United States disbursing offi- Titles of banks. To the credit of the Treasurer of the United States and United States disbursing officers. MAINE. Exchange National Bank, Atchison. National Bank of Commerce, Dodge City F h i t National Bank, Hutchinson.. Citizens National Bank,,Independence Northroup National Bank, lola First National Bank, Junction City. Lawrence National Bank, Lawrence. Fhst National Bank, Leavenworth. Leavenworth National Bank, Leavenworth Fhst National Bank, Pittsburg National Bank of Sabetha, Sabetha. Central National Bank, Topeka Slerchants' National Bank, Topeka. Citizens National Bank, Bowling Green Carrollton National Bank, Carrollton. First National Bank, Covington Citizens' National Bank, Covington. German National Bank, Covhigton.: Citizens' National Bank, Danville.. Farmers' National Bank, DanviUe.. First-Hardin National Bank, Elizabethtown State National Bank, Frankfort Henderson National Bank, Henderson Anderson National Banlc, Lawrenceburg Lawrenceburg National Bank, Law.renceburg Marion National Bank, Lebanon Fayette National Bank, Lexington.. Lexington City National Bank, Lexington i PhoenLx & Third National Bank, Lexington First National Bank, LouisvUle American National Bank, Louisville. Citizens' National Bank, Louisville. National Bank of Commerce, LouisvUle : National Bank of Kentucky, Louis-" viUe.... .....:.. Southern National Bank, Louisville, Union National Bank, LouisvUle State National Bank, MaysviUe Morganfield National Bank, Morganfield First National Bank, Owensboro.. National Deposit Bank, Owensboro City National Bank, Paducah First National Bank, Paris First National Bank, Somerset $20,000.00 25,000.00 15,000.00 6,060.00 10,000.00 24,364. 43 16,579.07 394,242. 71 200,000.00 15,000.00 10,000.00 52,500.00 349,320.02 20,000.00 26,000.00 57,617.68 75,000.00 75,000.00 14,000.00 60,043.07 7,000.00 99,827.63 25,000.00 25,000.00 25,000.00 25,000.00 .40,000.00 40,000.00 39,000.00 149,990. 20 150,000.00 148,940. 55 50,000.00 153,502.51 152,502. 77 350,000.00 15,000.00 10,000.00 59,939.33 59,949. 22 15,000.00 11,000.00 10,000.00 LOUISIANA. Commercial National Bank, N e w Orleans Hibei'nia National Bank, N e w Orleans New Orleans National Bank, New 'Orleans Whitney-Central National Bank, New Orleans Commercial National Bank, Shreveport 68,509.83 25,000.00 53,547.64 425,939.91 25,000.00 Fhst National Bank, Augusta Granite National Bank, Augusta First National Bank, Bangor First National Bank, Houlton Portland National Bank, Portland.. $9,000.00 60,000.00 50,000.00 14,862.59 122,436.11 MARYLAND. First National Bank, Baltimore Citizens National Bank, Baltimore. Maryland National Bank, Baltimore. Merchants-Mechanics N a t i o n a l Bank, Baltimore National Bank of Baltimore, Baltimore National Bank of Commerce, Baltimore National City Bank, Baltimore National Exchange Bank, Baltimore National Marine Bank, Baltimore... National Union Bank of Maryland, Baltimore Western National Bank, Baltimore. First National Bank, Cuml)erland... Second National Bank, Cumberland Citizens National Bank, "Cumberland Patapsco National Bank, EUicott City : Citizens National Bank, Frederick.. Farmers & Mechanics National Bank, Frederick Second National Bank, Hagerstown. Salisbury National Bank, Salisbury. 132,377.05 184,931.58 3,000.00 358,430.86 343,798.80 33,636.10 49,901.02 137,216.63 32,181.00 50,000.00 46,723.30 40,000.00 40,000.00 10,000.00 10,000.00 30,000.00 30,000.00 25.000.00 s! 000.00 MASSACHUSETTS. Andover National Bank. Andover.. First National Bank, Attleboro First National Bank, Boston Second National Bank, Boston Fourth-Atlantic National Bank, Boston Merchants National Bank, Boston.. National Shawmut Bank, Boston..: National Union Bank. Boston South End National Bank, Boston.. Webster & Atlas National Bank, Boston : Winthi'op National Bank, Boston... Fitchburg National Bank, Fitchburg Safety Fund National Bank, Fitchburg Westminster National Bank, Gardner Traders National Bank, Lowell National City Bank, Lynn..' First National Bank, Marlboro ... Mechanics National Bank, New Bedford Merchants National Bank, New Bedford... Merchants National Bank, Newburyport. First National Bank of West Newton, Newton. •. Northampton National Bank, Northampton Third National Bank, Springfield. 10,000.00 10,000.00 2,37,803.39 100,465.33 50,000.00 125,000.00 563,785.71 584,131.12 21,000.00 49,356.24 49,243.28 10,000.00 10,000.00 10,000.00 9,000.00 20,000.00 10,000.00 40,000.00 25,016.85 10,000.00 49,481.05 10,000.00 107,406.87 281 TEEASUEEE. No. 36.—National banks designated as depositaries of public moneys, with the balance held June 30, 1913—Continued. REGULAR Titles of banks. DEPOSITARIES-Contmued. To the credit of the Treasurer of the United States and United States disbursing officers. Titles of banks. MASSACHUSETTS—COlltillUed. MISSOURI—continued. Mechanics National Bank, Worcester... Merchants National Bank, Worcester National Resei-ve Bank, Kansas City Southwest National Bank of Commerce, Kansas Citj'^ Traders National Bank, Kansas City. First, National Bank of Buchanan County, St. Joseph Burnes National Bank, St. Joseph.. German-American National Bank, St. Joseph Third National Bank, St. Louis Mechanics-Ameri can National Bank, St. Louis Mercantile National Bank, St. Louis. Merchants-Laclede National Bank, St. Louis National Bank of Commerce, St. Louis State National Bank, St. Louis Third National Bank, Sedalia $25,000.00 25,000.00 MICHIGAN. • Central National Bank, Battle Creek Old National Bank, Battle Creek.. First National Bank, Bay City First National Bank, Detroit National Bank of Commerce, Detroit Old Detroit National Bank, Detroit. Fourth National Bank, Grand Rapids Grand Rapids National City Bank, Grand Rapids Old National Bank, Grand Rapids.. Houghton National. Bank, Houghton Miners National Bank,Ishpeming.. Peoples National Bank, Jackson First National Bank, Kalamazoo Capital National Bank, Lansing First National Bank, Marquette First National Bank, Menominee... First National Exchange Bank, Port Huron: ,. Second National Bank, Saginaw First National Bank, Sault Ste. Marie Frist National Bank, Traverse City. 20,000.00 15,000.00 50,000.00 328,290.76 21,000.00 100,000.00 60,000.00 90,391.57 50,000.00 40,000.00 75,000.00 22,112.32 8,000.00 19,709.66 150,000.00 50,000.00 10,000.00 149,665.10 17,387.17 60,080.15 10,000.00 10,000.00 10,000.00 399,784.45 50,000.00 150,236.90 250,000.00 10,000.00 MISSISSIPPI. First National Bank, Greenville First National Bank, Meridian First National Bank, Vicksburg $100,000.00 288,255.87 40,920.57 51,807.05 25,000.00 30,000.00 73,582.69 95,000.00 200,000.00 232,867.75 150,003.00 446,859.69 10,000.00 MONTANA. 25,000.00 50,000.00 10,000.00 25,000.00 10,000.00 24,834.10 15,000.00 MINNESOTA. Merchants National Bank, Crookston First National Bank, Duluth American Exchange National Bank, Duluth Citizens National Bank, Faribault. First National Bank, Minneapohs... Northwestern National Bank, Minneapolis Security National Bank, Minneapolis Northfield National Bank, Northfield National Farmers Bank, Owatonna. First National Bank, St. Cloud First National Bank, St. Paul ' American National Bank, St. P a u l . . Capital National Bank, St. Paul Merchants National Bank, St. Paul. First National Bank, Wabasha To the cred it of the Treasurer of the United States and United States disbursing ofRcers. 20,000.00 26,000.00 99,491.37 Merchants National Bank, Billings. Yellowstone National Bank, Billings Commercial National Bank, Bozeman First National Bank, Butte First National Bank, Glasgow First National Bank, Glendive First National Bank, Great Falls Havre National Bank, Havre American National Bank, Helena... National Bank of Montana, Helena.. Conrad National Bank, Kalispell First National Bank, Lewiston First National Bank, Miles City State National Bank, MUes City First National Bank, Missoula Western Montana National Bank, Missoula V 15,000.00 40,000.00 14,890.06 75,000.00 15,000.00 15,000.00 49,979.30 24,878.85 71,851.31 124,758.58 26,000.00 25,000.00 44,537.75 50,000.00 38,743.72 74,840.34 NEBRASKA. Alliance National Bank, Alliance First National Bank, Lincoln Central National Bank^ Lincoln City National Bank, Lmcoln National Bank of Commerce, Lincoln Fhst National Bank, Mitchell First National Bank, Omaha City National Bank, Omaha Corn Exchange National Bank, Omaha Merchants' National Bank, Omaha.. Nebraska National Bank, Omaha... Omaha National Bank, Omaha United States N a t i o n a l Bank, Oinaha Packers National Bank, S. Omaha.. 14,434.13 59,912.57 50,000.00 24,285.13 10,000.00 11,060.82 99,968.69 53,778.30 50,000.00 99,953.31 100,179.13 200,795.91 99,632.98 25,000.00 . NEVADA. Farmers and Merchants' National Bank, Reno , ' 60,000.00 MISSOURI. First National Bank, Kansas City... Gate City National Bank, Kansas City National Bank of the Republic, Kansas City 196,341.41 48,164.40 100,000.00 N E W HAMPSHIRE. First National Bank, Concord National State Capital Bank, Concord First National Bank, Manchester... 49,784.58 9,000.00 10,000.00 282 REPORT ON THE FINANCES. No. 36.—National banks designated as depositaries of public moneys, with the balance held June 30, 1913—Continued. REGULAR DEPOSITARIES—Continued. Titles of banks. To the credit of the Treasurer of the United States and United States disbursing officers. Titles of banks. NEW HAMPSHIRE—continued. NEW YORK—continued. Amoskeag National Bank, Manchester Manchester National Banlc, Manchester Merchants National Bank, Manchester Souhegan National Bank, Milford... First National Bank, Portsmouth .. New Hampshhe National Bank, Portsmouth. Chatham and Phenix National Bank, NewYork .• Citizens' Central National Bank, New York Coal & Iron National Bank, New York Garfield National Bank, New York. Gotham National Bank, New York. Hanover National Bank, New York. Harriman National Bank, New York Lincoln National Bank, New York. Mechanics & Metals National Bank, New York Merchants Exchange National Bank, New York Merchants National Bank, New York National Nassau Bank, New York.. National Park Bank, New York National Reserve Bank, New York. New York County National Bank, New York Seaboard National Bank, New York. State National Bank, North Tonawanda National Bank of Norwich, Norwich. National Bank of Ogdensburg, Ogdensburg ; Wilber National Bank, Oneonta Fhst National Bank, Oswego Peekskill National Bank, PeekskUl. Westchester County National Bank, PeekskUl Plattsburg National Bank, Plattsburg Lincoln National Bank, Rochester.. Traders' National Bank, Rochester.. First National Bank, Syracuse Thhd National Bank, Sj^acuse Commercial National Bank, Syracuse National State Bank, Troy First National Bank, Utica Second National Bank, Utica Utica City National Bank, Utica First National Bank, Waterloo Waterto\\m National Bank, Watertown: : $24,928.47 15,000.00 10,000.00 10,000.00 174,581.67 20,033.82 NEAV J E R S E Y . Bridgeton National Bank, Bridgeton First National Bank, Camden Camden National :Bank, Camden... National State Bank, Elizabeth First National Bank, Jersey City.. .•. National Iron Bank, Morristown Essex County National Bank, Newark National Newark Banking Co., Newark Union National Bank, Newark Passaic National Bank, Passaic First National Bank, Paterson Paterson National Bank, Paterson.. First National Bank, Perth Amboy. Fhst National Banlc, Princeton First National Bank, Trenton 25,000.00 15,000.00 25,000.00 34,876.53 "125,000.00 25,000.00 24,837.95 25,000.00 588,038.24 13,609.43 50,000.00 30,000.00 40,000.00 13,281.35 124,989.88 N E W MEXICO. Fhst National Bank, Albuquerque.. State National Bank, Albuquerque. First National Bank, Carlsbad First National Bank, Roswell Citizens National Bank, Roswell First National Bank, Santa Fe First National Bank, Tucumcari 125,000.00 50,000.00 15,000.00 15,000.00 10,000.00 30,000.00 14,027.37 N E W YORK. Fhst National Bank, Albany National Commercial Bank, Albany. First National Bank, Binghamton.. Nassau National :Bank, Brooklyn... National City Bank, Brookljm Thhd National Bank, Buffalo Columbia National :Bank, Bufl'alo... Marine National Bank, Buffalo Second National Bank, Elmha Merchants National Bank, E l m h a . . First National Bank, Highland Falls Niagara County National Bank, Lockport Black River National Bank, LowvUle First National Bank, Mamoroneck.. National City Bank, New Rochelle.. Second National Bank, New York.. Fourth National Bank, New York.. American Exchange National Bank, New York Bank of New York National Banking Association, New York Battery Park National Bank, New York Chase National Bank, New York 297,219.11 150,000.00 25,000.00 201,172.76 150,000.00 100,000.00 49,360.00 125,000.00 30,000.00 10,000.00 3,548.10 10,000.00 10,000.00 10,000.00 10,000.00 98,277.52 199,617.70 486,700. 50 84,087.17 26,000.00 62,706.36 To the credit of the Treasurer of the United States and United States disbursing OfRcers. $198,583.32 240,235.29 96,294.28 49,902.78 101,667.29 2,269,121.13 47,511.18 11,600.35 284,3^1.43 100,000.00 167,110. 28 105,000.00 550,000.00 53,009.31 60,000.00 84,657.09 25,000.00 10,000.00 40,000.00 10,000.00 49,160.02 60,000.00 100,000.00 ^40,000.00 74,811.52 24,974.80 50,000.00 49,914.38 50,000.00 23.S46.45 44,271.66 50,000.00 25,000.00 30,000.00 25,000.00 N O R T H CAROLINA. American National Bank, AshevUle. First National Bank, Burlington Commercial National Bank, Charlotte First National Bank, Durham Citizens' National Bank, Durham... Fhst National Bank, Elizabeth City. Greensboro National Bank, Greensboro Commercial National Bank, High :Pohit : Citizens' National Bank, Raleigh... Commercial National Bank, Raleigh Merchants National Bank, Raleigh.. First National Bank, StatesvUle Murchison National Bank, Wilmington Southern National Bank, WUmhigton Peoples' National Bank, Winston... 30,000.00 10,000.00 50,000.00 60,000.00 60,000.00 10,000.00 ~ 25,000.00 25,000.00 75,409.97 20,000.00 '92,926.60 40,000.00 50,000.00 19,388.44 160,000.00 283 TEEASUEEE. No. 36.—National banks designated as depositaries of public moneys, with the balance held June 30, 1913—Gontinued. REGULAR DEPOSITARIES—Continued. Titles of banks. To the credit of the Treasurer of the United States and United States disbursing officers. OKLAHOMA—Continued. N O R T H DAKOTA. Fhst National Bank, Bismarck City National Bank, Bismarck Dakota National Bank, Dickinson.. Fhst National Bank, Fargo Fargo National Bank, Fargo Second National Bank, Mmot First National Bank, WiUiston Titles of banks. To the credit of the Treasurer of the United States and United States disbursing officers. $24,748.71 10,000.00 15,077.95 100,136.45 5,000.00 60,000.00 14,703.06 First National Bank, Muskogee Commercial National Bank, Muskogee Oklahoma Stock Yards National Bank, Oklahoma City Western National Bank, Oklahoma City , Fhst National Bank, Woodward 16,000.00 10,000.00 25.000.00 8,000.00 First National Bank, Burns Fhst National Bank, Hermiston Fhst National Bank, Klamath FaUs. La Grande National Bank, La Grande First National Bank, Lakeview..... First National Bank, Portland Lumbermen's National Bank; Portland Merchants' National Bank, Portland United States National Banlc, Portland $75,000.00 75,000.00 10,000.00 140,000.00 31,178.48 OHIO. OREGON. First-Second National Bank, Akron National City Bank, Akron First National Bank, A thens First National Bank, BamesvUle Farmers and Merchants National Bank, Bellaire First National Bank, Chillicothe First National Bank, Cincinnati..... Second National Bank, Cincinnati . Fourth National Bank, Cincinnati.. Fifth-Third National Bank, Cincinnati A tlas National Bank, Cincinnati Citizens' National Bank, Cincinnati. German National Bank, Cincinnati. Market National Bank, Cincinnati.. First National Bank, Cleveland Bank of Commerce National Association, Cleveland Central National Bank, Columbus.. City National Bank, Columbus Commercial National Bank, Columbus Hayden-Clinton National Bank, Co• iumbus New First National Bank, Columbus Ccshocton National Bank,Coshocton Third National Bank, Dayton City National Bank, Dayton First National Bank, Hamilton Second National Bank, Hamilton... First National Bank, Ironton Merchants' National Bank, Middletown Citizens National .Bank, New Philadelphia •... First National Bank, Norw ood First National Bank, Portsmouth.. Central National Bank, Portsmouth Farmers National Bank, Salem Commercial National Bank, Sandusky Citizens' National Bank, Tippeca. noe City First National Bank, Toledo .-... Second National Bank, Toledo Troy National Bank, Troy First National Bank, Wilmington.. 25,000.00 25.000.00 278,759.11 200,428. 75 203; 996.23 319,647.58 49,536. 76 237,203. 79 03,353.76 200,000.00 500,001.00 160,000.00 100,000.00 24,374.79 26,569.03 100,000.00 100,000.00 7; 000.00 200,000.00 90,000.00 72,698.17 13,738.70 30,000.00 75,000.00 9,000.00 10.000.00 23,181.52 14,374.61 20,000.00 25,000.00 7,000.00 60,000.00 77,629.41 25.000.00 lO;000.00 OKLAHOMA. Fhst National Bank, Alva Ardmore National Bank, Ardmore.. First National Bank, Chickasha Duncan National Bank Citizens' National Bank, El Reno... Fhst National Bank, Guthrie ... Fhst National Bank, Lawton City National Bank, Lawton 16,679.42 19,083.68 6,000.00 10,000.00 12,287. 71 75,000.00 75,000.00 10,000.00 14,390.00 15,000.00 14,465.31 15,000.00 15,087.02 279,770.37 94,293.35 94,709.12 300,000.00 PENNSYLVANIA. Merchants' National Bank, Allentown Fhst National Bank, Altoona Ashland National Bank, Ashland... First National Bank, BlairsviUe Miners National Bank, Blossburg... Fhst National Bank, Canton National Bank of Catasaqua, Catasaqua County National Bank, Clearfield... First National Bank, Danville First National Bank, Dunmore. First National Bank, Easton., First National Banlc, Erie First National Bank, Greenville First National Bank, Harrisburg.... First National Bank, Houtzdale.... Conestoga National Banlc, Lancaster. Northern National Bank, Lancaster. National Banlc of Malvern, Malvern. Grange National Bank, Mansfield... First National Bank, McKeesport... New First National Bank, Meadville. Citizens National Bank, Meyersdale. First National Bank, Nanticoke First National Bank, Perkasie First National Bank Philadelphia.. Second National Bank, Philadelphia. Ninth National Bank, Philadelphia. Tenth National Bank, Philadelphia. Bank of North America, PhUadelphia Com Exchange National Bank, Philadelphia Farmers and Mechanics National Bank, Philadelphia Manayunk National Bank, Philadelphia Market Street National Bank, Philadelphia National • Bank of Germantown, Philadelphia National Bank of the Northern Liberties, Philadelphia 25,000.00 50,000.00 7,000.00 10,000.00 10,000.00 9,000.00 10,000.00 10,000.00 25,000.00 10,000.00 25,000.00 49,932.93 10,000.00 50,000.00 14,059.60 60,027.53 10,000.00 10,000.00 10,000.00 10,000.00 25,000.00 10,000.00 25,000.00 10,000.00 1,059,393.36 21,664.50 28,838.30 23,120.22 94,662.20 150,000.00 99,414.67 26,627.22 52,575.04 10,000.00 30,000.00 284 REPORT ON T H E FINANCES. No. 36.—National banks designated as depositaries of public moneys, with the balance held June 30, 1913—Qontinued. REGULAR DEPOSITARIES—Continued. Titles of banks. To the credit of the Treasurer of the United States and United States disbursing officers. PENNSYLVANIA—continued. National Security Bank, PhUadelphia Penn National Bank, PhUadelphia.. Quaker City National Bank, PhUadelphia Southwark National Bank, PhUadelphia Tradesmen's National Bank, PhUadelphia First-Second National Bank, Pittsburgh Columbia National Bank, Pittsburgh. ' German National Bank, Pittsburgh. MeUon National Bank, Pittsburgh.. Miners' National Bank, PottsvUle.. First National Bank, Reading Reading National Bank, Reading... Thhd National Bank, -Scranton Traders' National Bank, Scranton.. Union National Bank, Scranton Market Street National Bank, Shamoktn First National Bank. Spring Grove. Stroudsburg National Bank, Stroudsburg Warren National Bank, Warren Citizens National Bank, Waynesburg. First National Bank, Wilkes-Barre. Luzerne County National Bank, Wilkes-Barre West Branch National Bank, Williamsport First National Bank, York .- Titles of banks. To the credit of the Treasurer of the United States and United States disbursing officers. sotJTH DAKOTA—continued. Pierre National Bank, Pierre $77,676.69 First National Bank. Rapid City > 63,698.60 Minnehaha National Bank, Sioux Falls..: 207,738.31 Sioux Falls National Bank, Sioux Falls 24,301.23 $14,980.40 16,000.80 75,867.88 20,000.00 TENNESSEE. 24,984.36 158,991.51 160,000.00 26,000.00 895,430.97 26,000.00 26,300.00 25,000.00 74,906.72 26,000.00 26,066.31 10,000.00 7,000.00 50,000.00 10,000.00 10,000.00 65,000.00 20,000.00 7,000.00 50,000.00 Fhst National Bank, Bristol First National Bank^Chattanooga.. Citizens' National Bank, Chattanooga Hamilton National Bank, Chattanooga First National Bank, ClarksviUe Manufacturers' National Bank, Harriman Unaka National Bank, Johnson City. City National Bank, KnoxvUle..... East Tennessee National Bank, Knoxville Holston National Bank, KnoxviUe.. American National Bank, Lebanon.. Lebanon National Bank, Lebanon.. First National Bank, Memphis..:... National City Bank, Memphis....... Fourth and First National Bank, NashviUe American National Bank, NashviUe. Broadway National Bank, Nashville. Cumberland VaUey National Bank, NashviUe First National Bank, Tullahoma 14,993.93 129,240.37 50,000.00 25,000.00 25,000.00 25,000.00 100,000.00 75,000.00 59,796.06 20,000.00 10,000.00 7,000.00 149,370.93 33,442.13 147,726.54 100,000.00 50,629:41 50,000.00 14,930.18 TEXAS. R H O D E ISLAND. Aquidneck National Bank, Newport Merchants' National Bank, Providence • National Exchange Bank, Providence 200,000.00 124,981.19 60,000.00 SOUTH CAROLINA. First National Bank, Charleston Bank of Charleston, N. B. A., Charleston Peoples National Bank, Charleston. Palmetto National Bank, Columbia. National Union Bank, Rock HUl Central National Bank, Spartanburg 95,617.36 20,000.00 50,000.00 80,000.00 15,000.00 10,000.00 SOUTH DAKOTA. Aberdeen National Bank, Aberdeen. Dakota National Bank, Aberdeen... Whitbeck National Bank, Chamberlain '.: First National Bank, Deadwood Gregory Nationail Bank, Gregory First National Bank, Huron Fhst National Bank, Lemmon First National Bank, Mitchell Mitchell National Bank, Mitchell... First National Bank, Pierre 26,806.78 25,000.00 16,084.26 100,000.00 60,000.00 16,000.00 15,000.00 16,000.00 16,966.02 15,000.00 American National Bank, Austin... Austin National Bank Austin First National Bank, Beaumont American National Bank, Beaumont Gulf National Bank, Beaumont First National Bank, Brownsville... Merchants' National Bank, BrownsvUle American Exchange National Bank, DaUas City National Bank Dallas Merchants' National Bank, Dallas... First National Bank, Eagle Pass First National Bank, El Paso City National Bank, El Paso First National Bank, Galveston City National Bank, Galveston National Bank of Commerce, Houston South Texas Commercial National Bank, Houston Union National Bank, Houston Laredo National Bank, Laredo Marshall National Bank, Marshall... First National Bank, Mount Pleasant First National Bank, Orange , Orange National Bank, Orange First National Bank, Port Arthur.. San Antonio National Bank, San Antonio Merchants & Planters' National Bank, Sherman 75,000.00 76,027.30 166,814.20 97, 700.00 98,100.00 25,000.00 11, ooo: 00 81,850.28 89,741.39 24,000.00 26,000.00 163,610. 22 47,314.31 49,353.94 44,885.62 49,978.50 50,000.00 50,000.00 24,733. 77 7,000.00 10,000.00 73,000.00 33,500.00 13,375.65 299,872.51 49,798.03 285 TEEASUEEE. N o . 36.—National banks designated as depositaries- of public moneys, with the balance held June 30, i^J?^—Continued. REGULAR DEPOSITARIES—Continued. Titles of banks. To the credit of the Treasurer of the United States and United States disbursing officers. Titles of banks. TEXAS—continued. WASHINGTON—continued. Texas City National Bank,, Texas City Victoria National Bank, Victoria Citizens' National Bank, Waco Vancouver National Bank, Vancouver First National Bank, Walla WaUa:. $50,000.00 10,000.00 42,788.78 To the credit ofthe Treasurer of the United States and United States disbursing officers. $44,997.50 14,969.97 AVEST VIRGINIA. UTAH. First National Bank, Ogden Pingree National Bank, Ogden Utah National Bank, Ogden Deseret National Bank, Salt Lake City National Bank ofthe Republic, Salt Lake City National City Bank, Salt Lake City. 99,939.69 20,000.00 44,931.24 76,022:41 151,097.42 20,000.00 Citizens' National Bank, Charleston. First National Bank, Grafton First National Bank, Huntington .. American National Bank, Huntington Old National Bank, Martinsburg... First National Bank, Parkersburg.. Second National Bank, Parkersburg. National Exchange Bank, Wheeling. 100,027.91 25,000.00 49,760.91 23,124.08 25,000.00 25,000.00 26,278.54 125,000.00 AVISCONSIN. Peoples' National Bank, Barre Merchants' National Bank, Burlington Montpelier National Bank, Montpelier National Bank of Newport, NewTport. First National Bank, St. Johnsbmy. First National Bank, Abingdon First National Bank, Alexandria Citizens' National Bank, Alexandria. Dominion National Bank, Bristol... Culpeper National Bank, Culpeper.. IFirst National Bank, Danville Front Royal National Bank, Front Royal First National Bank, Hampton Lynchburg National Bank, Lynchburg First National Bank, Martinsville... First National Bank, Newport News. National Bank of Commerce, Norfolk Norfolk National Bank, Norfolk Virginia National Bank, Petersburg. First National Bank. Richmond American National Bank, Richmond Merchants' National Bank, Richmond Planters' National Bank, Richmond. First National Bank Roanoke National Exchange Bank, Roanoke. 7,000.00 25,027.79 20,000.00 40,000.00 20,000.00 40,000.00 24,972.82 26,000.00 20,000.00 10,000.00 26,000.00 22,505.71 10,000.00 75,000.00 10,000.00 56,402.12 462,005.84 459,693.47 29,446.37 100,676.74 150,000.00 196,190.51 100,000.00 20,000.00 20,000.00 WASHINGTON. First National Bank, BeUingham... First National Bank, North Yakima. First National Bank, Okanogan First National Banlc, Fort Townsend First National Bank, Seattle .... National Bank of Commerce, Seattle. Seattle National Bank, Seattle Exchange National Bank, Spokane.. Fidelity National Bank, Spokane... National Bank of Commerce, Spokane , Old National Bank, Spokane Traders' National Banlc, Spokane... First National Bank, Sunnyside National Bank of Commerce, Tacoma Pacific National Bank, Tacoma.. 25,000.00 51,991.60 • 14,898.74 98,148.61 60,000.00 400,000.00 600,000.00 86, 230.65 20,000.00 24,796.82 74,446.56 10,000.00 15,000.00 175,000.00 35,000.10 First National Bank, Antigo Citizens' National Bank, Appleton.. Ashland National Banls^ Ashland... Union National Bank, Eau Claire... Fond du Lac National Bank, Fond. du Lac Kellogg National Bank, Green B a y . . McCartney National Bank, Green Bay Rock County National Bank, JanesviUe National Bank of La Crosse, La Crosse First National Bank Madison Commercial National Bank, Madison First National Bank, MUwaukee National Exchange Bank, Milwaukee Wisconsin National Bank, Milwaukee Old National Bank, Oshkosh First National Bank, Ripon German National Bank, Ripon First National Bank or the City of Superior, Superior ^... 7,000.00 10,000.00 14,967.57 10,000.00 10,000.00 30,000.00 20,485.80 7,500.00 30,000.00 49,370.13 14,089.99 198,977.68 242,528.32 215,466.49 15,000.00 10,000.00 7,000.00 40,000.00 WYOMING. First National Banlc, Cheyenne Citizens' National Bank, Cheyenne.. Stock Growers' National Bank, Cheyenne First National Bank, Evanston First National Bank, Lander First National Bank, Powell Fhst National Bank, Rock Springs.. 41,473.81 24,813.69 111,635.14 14,945.00 23, 258. 20 16,000.00 10,000.00 ADDITIONAL DEPOSITARIES. First National Bank of Hawaii, Honolulu 643,244.98 PHILIPPINE I S L A N D S . Treasury of the Philippine Islands, Manila 3,972,379.97 American Colonial Bank of Porto Rico, San Juan 200,491.80 286 REPORT ON T H E FINANCES. No. 36.—National banks designated, as depositaries of public moneys, with the balance held June 30, 1913—Continued. SPECIAL DEPOSITARIES. To the credit Num- of the Treasber urer of the United States. State. $11,000 1,000 4,000 17,000 7,000 8,000 1,000 880,000 4,000 17,000 6,000 32,000 35,000 42,000 32,000 18,000 6,000 6,000 17,000 25,000 12,000 14,000 8,000 18,000 22,000 Alabama Arizona , Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Nebraska State. To the credit Num- of the Treasber. urer of the United States. Nevada New Hampshire New Jersey New Mexico New York North Carolina.. North Dakota.. Ohio Oklahoma Oregon Pennsylvania... Rhode I s l a n d . . . South Carolina.. South Dakota... Tennessee Texas Vermont Virginia Washington West Virginia.. Wisconsin Wyoming $2,000 9,000 8,000 2,000 42,000 9,000 1,000 49,000 9,000 10,000 89,000 2,000 5,000 2,000 3,000 25,000 6,*000 21,000 4,000 13,000 15,000 6,000 Total 1,573,000 No. 37,—Receipts and disbursements of public moneys through national-bank depositaries by fiscal years from 1901. ' Fiscal years. 1901... 1902 1903 . . 1904 1906 1906 1907 1908 1909 1910 1911 1912 1913 Receipts. F u n d s transF u n d s transferred t o b a n k s . ferred t o T r e a s u r y b y banks. $313,373,160.38 $125,443,007.66 157,041,571.84 281,234,091.57 244,947,528. 71 201,897,430.60 176,189,611.66 • 251,970,882.51 134,884,137.86 261,265,327.39 233,200,148.62 267,418, 788.43 349,196,379.80 313,824,771.09 297,371,652.96 293,869,490.31 192,639,93^.96 300,924,352.92 226,151,893.16 342,600,932.99 235,563,144.18 377,280,054.97 224,961,946.42 378,597,729. 27 474,167,662.26 464,820,349.19 $413,853,457.60 388,229,463.27 388,539,946.66 414,301,176.71 388,889,785.82 427,142,930.07 516,805,991.82 544,689,160.96 502,286,496.43 510.782.692.86 539,491,903.99 630,597,076.26 871.295.113.87 AVarrants p a i d by banks. . $24,141,398.97 26,347,319.10 35,446,560.08 49,400,676.71 66,905,851.68 57,548,415.23 60,142, 265.16 66,763,897.28 79,016,707.39 78,346,522.81 77,822,223.75 70,093,031.83 48,644,079.04 Balance. $93,657,444.47 117,366,325.51 140,215,778.08 104,674,399.83 65,018,227.68 80,946,819.43 167,018,713.34 147,906,798.17 60,167,888.23 39,791,598. 71 35,320,670.12 38,190,237.72 57,239,066.26 287 TEEASUEEE. N o . 38.—Number of national banks with semiannual duty levied, by fiscal years, and number of depositaries with bonds as security at close of each fiscal year from 1901. o n d s held N u m b e r tB o secure cirof b a n k s . culation. Fiscal years. 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 1913 -.. . 4,187 4,653 5,014 5,409 5,782 6,138 6,538 0,827 7,020 7,207 7,337 7,428 7,532 $326,119,230 317,038,530 375,068,770 418,018,690 468,088,940 520,605,210 '558,364,860 628,172,130 860,689,070 688,974,880 698,532,060 724,493, 740 740,529,250 Semiannual d u t y levied. Number of depositaries. B o n d s held to secure deposits. 448 577 713 . 842 837 927 1,255 1,436 1,414 1,3S0 1,362 1,354 1,478 $105,765,450 124,718,650 152,852,020 112,902,550 80,404,950 95,575, 725 193,244,052 ISO,459,419 81,244,071 51,774,700 50,206,800 48,309,500 61,646,300 $1,599,221.08 1,633,309.15 1,708,819.92 1,928,827. 49 2,163,882.05 • 2,509,997.80 2,806,070.54 3,090,811.72 3,190,543.04 3,463,408.68 3,567,037.21 3,690,313.53 3,804,762. 29 Total b o n d s held. $431,884,680 441,767,180 527,920,790 528,919,240 548,471,890 618,180,935 751,808,712 SOS,631,549 741,933,071 738,749,580 748,738,860 772,803,240 802,175,650 No. 39.—Shipments of silver coin from each office of the Treasury and mints during i fiscal years 1912 and 1913. During fiscal year 1912. Standard dollars. Subsidiary silver. During fiscal year 1913. Standard dollars. Subsidiary silver. TREASURY. Washington... Baltimore Boston Chicago Cincinnati New Orleans... New York Philadelphia... St. Louis San Francisco. $475,045 64,400 276,600 2,894,875 2,077,639 1,848,700 151,500 801,250 2,780,425 289,900 Denver New Orleans. PhUadelphia. 181,540 Total... 11,841,874 $1,010,360.60 534,605.00 • 1,410,380.00 2,576,932.00 1,808,300.00 1,384, 720.00 4,009,295.00 . 2,412,135.00 1,564,450.00 . 755,510.00 $579,638 122, 700 287,100 3,018,900 2,025,625 1,703,600 183,125 774,375 3,387,275 373,950 $1,183, 200.30 581, 210.00 1,379, 600.00 2,856, 696.80 1,751, 551.00 1,579, 595.00 3,630, 384.80 2,731, 885.00 2,029, 998.00 615, 895.00 143,890 "2,"6i9,'607."i6 12,560,078 22,787,798.80 1,808,193.80 1,221,930.80 "2," 787,'839." 65' 21,476,457.40 No. 40.—Shipments of silver coin from the Treasury offices and mints during each fiscal year from 1901, and charges thereon for transportation. Fiscal y e a r s . 1901 1902 1903 1904 1905 . . . 1906 1907 1908 1909 1910 1911 1912 1913 ... Standard dollars. $38,338,519.00 • 40,404,325.00 41,182,154. 00 41,032,715.00 44,988,746.00 41,582, 828.00 37,500,118.00 31,486,911.00 i (0 Subsidiary sUver. $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 43,977,039.70 (^) («) («) Total. $59,413,865.85 62,276,284. 35 85,294,598. 66 65,415,682.90 72,594,930.80 70,941,459.40 67,895, 780.^55 62,905, 741.99 36,058,567.75 43,977,039.70 Charges. $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 84,457. 58 1 $11,865,180 in standard sUver doUars shipped at expense of consignee. 2 $14,384,734 in standard sUver dollars shipped at expense of consignee. ' $14,060,535 in standard silver dollars shipped at expense of consignee. * $21,956,847.80 in subsidiary sUver shipped at expense of consignee. 5 $11,841,874 in standard sUver dollars shipped at expense of consignee. fi $21,476,457. 40 in subsidiary sUver shipped at expense of consignee. 7 $12,560,078 in standard silver doUars shipped at expense of consignee. 8 $22,767;796.80 in subsidiary sUver shipped at expense of consignee, R a t e per $1,000. $2 12 1.99 2 03 1.93 1 90 2.15 2 40 2.45 2.90 1.92 288 . REPORT ON THE FINANCES. No. 41.— United States bonds retired, from May, 1869, to June 30, 1913. T i t l e of loans. L o a n of 1847 B o u n t y - l a n d scrip L o a n of F e b r u a r y , 1861 Oregon w a r d e b t L o a n of J u l y a n d A u g u s t , 1861 Five-twenties of 1882 L o a n of 1883 Five-twenties of March, 1864 Five-twenties of J u n e , 1864 Five-twenties of 1865 Consols of 1865 Consols of 1867 .• Consols of 1868 T e x a s i n d e m n i t y stock L o a n of 1860 L o a n of 1858 Ten-forties of 1864 F u n d e d loan of 1881 F u n d e d loan of 1891 F u n d e d loan of 1907.. L o a n of J u l y a n d A u g u s t , 1861, continued L o a n of 1883 F u n d e d loan of 1881 c o n t i n u e d L o a n of J u l y 12,1882. L o a n of 1908-1918 F u n d e d loan of 1S91 c o n t i n u e d B o n d s issued t o Pacific railroads: Central Pacific U n i o n Pacific . K a n s a s Pacific Central B r a n c h , U r u o n P a c i f i c . W e s t e r n Pacific Sioux City & Pacific '. . L o a n of 1904 L o a n of 1925 Total .. . R a t e of interest. Redeemed. P e r ct. 6 6, 6 6 6 6 6 8 6 6 8 0 8 5 5 5 5 5 4-^ 4 $47,900 1,175 7,798,000 885,950 12,932,400 430;418,100 4,684,700 • 2,382,200 69,888,900 157,697,450 205,287,400 '310,108,700 37,478,750 232,000 7,022,000 8,041,000 192,459,250 72,867,850 81,045,950 61,933,350 3J Purchased. $10,612,000 256,800 48,778,700 57,155,850 19,854,250 1,119,800 43,459,750 36,023,350 118,950,550 02,848,950 4,794,050 25,407,200 8 8 8 8 8 8 5 4 25,885,120 27,238,512 6,303,000 1,600,000 1,970,560 1,828,320 19,371,800 .2,349,953,837 380,500 12,218,650 9,586,600 8,703,600 6,568,600 258,650 441,728,950 13,231,650 292,349,600 2,913,540 2 $27,091,000 13,957,000 2,089,600 43,599,000 143,618,200 238,675,400 127,595,600 37,226,200 109,155,250 306,581,050 f3 Converted and exchanged. 8,543,850 43,825,500 132,449,900 72,071,300 882,825,340 1,032,683,500 Total. $47,900 1,175 18,410,000 942,750 61,709,100 514,664,950 24,538,950 3,882,500 125,547,300 203,307,400 332,941,560 379,524,250 42,529,450 232,000 7,022,000 19,998,000 194,548,750 116,466,850 224,584,160 740,237,700 127,595,600 50,457,850 401,504,850 305,581,050 135,363,440 25,407,200 25,885,120 27,236,612 6,303,000 1,600,000 1,970,560 1,828,320 99,988,750 43,825,600 4,285,462,477 No. 42.—Seven-thirty notes issued, redeemed, and outstanding June 30, 1913. Issue. Redeemed to Redeemed Total issued. June 30,1912. during year. July 17,1861. Aug. 15,1864 June 15,1865, July 15,1865. $140,094,750 299,992,500 331,000,000 199,000,000 $140,085,400 299,947,200 330,970,200 198,954,900 Total.. 970,087,250 969,957,700 $100 Total redeemed. Outstanding. $140,085,400 299,947,200 330,970,200 198,955,000 $9,350 45,300 29,800 45,000 969,967,800 129,450 No. 43.—Refunding certificates, act of Feb. 26, 1879, issued, redeemed,-and outstanding. How payable. To order To bearer Total Redeemed during year. T o t a l retired to J u n e 30,1913. $58,500 39,954,250 $480 $58,480 39,940,700 $20 13,550 40,012,750 4S0 39,999,180 13,570 Issued. Outstanding. 289 TEEASUEEE. N o . 44.—Checks issued by Treasurer's office for interest on registered bonds during the fiscal year 1913. Title of loans. Amount. PhUippine loan of 1914-1934 (L. P.) Phihppine loan of 1915-1935 (P. L B . ) Phihppine loan of 1915-1935 (M. S. & W.) Phihppine loan of 1916-1936 (P. I. B . ) . . . . PhUippine loan of 1917-1937 (M. S. & W.) Phihppine loan of 1918-1938 (M. S. & W.) Phihppine loan of 1919-1939 (P. I. B.).... Phihppine loan of 1921-1941 (Cebu) Porto Rican gold loan of 1920-1927 Porta Rican gold loan of 1922-1937 District of Columbia 3.66 per cent bonds.. $280,000.00 100,000.00 40,000.00 40,000.00 80,000.00 40,000.00 60,000.00 5,000.00 17,000.00 2,000.00 263,840.25 Total 927,840.25 N o . 45.—Interest on 3.65 per cent bonds of the District of Columbia paid during thefiscal year 1.913. Where paid. T r e a s u r y U n i t e d States, W a s h i n g t o n . No. 46.—Coupons from Title o f l o a n s . Coupons. Checks. Total. $16,146.68 $263,201.60 $279,348.18 United States bonds and interest notes paid during the fiscal year 1913, classified by loans. Number of coupons. 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 1866 Consols of 1865 Consols of 1868 F u n d e d loan of 1891 :.. ^Loan of 1904 F u n d e d loan of 1907 L o a n of 1925 • L o a n of 190&-1918 Con<^ol<^ of 19.30 Amount. 1 $L50 3 7.60 2 1.12 2,092 90,158 261,827 21,337 13,197.00 760,758.60 586,980.75 77,553.50 P a n a m a Canal loan: 1916-1936 1918-1938 1961.. P o s t a l Savings loan: F i r s t series Second series T h i r d series 7 30 notes of 1864-65. Total 16726°—FI 1913- -19 Number of coupons. Title of loans. Amount. .... 572 1,600 66,990 $422 80 6,426.10 444,996.25 ... 113 1,867 860 1 103 25 1,967. 75 - 1,169.00 1.82 446,323 1,893,575.84 290 REPORT ON T H E FINANCES. No. 47.—Bonds and other securities retired from the sinking fund during the fiscal year 1913, and total from May, 1869. Title of loans. War-bounty scrip Loan of 1860 ? Loan of February, 1861 Oregon war debt — Loan of July and August, 1861 Five-twenties of 1862 .1 Loan of 1863 Ten-forties of 1864 Five-twenties of March, 1864 Five-twenties of June, 1864 Five-twenties of 1865 Consols of 1865 Consols of 1867 Consols of 1868 Funded loan of 1881 Funded loan of 1891 Funded loan of 1907 Loan of 1904 Loan of July and August, 1861, continued. Loan of 1863, continued Funded loan of 1881, continued Loan of July 12,1882 : Loan of 1908-1918 Funded loan of 1891, continued Loan of 1926 Treasury notes Issued prior to 1846 Treasury notes of 1861 Temporary loan certificates, act 1862 Certificates of indebtedness, act 1862 Certificates of indebtedness of 1870 One-year notes of 1863 Two-year notes bf 1863 Compound-interest notes '. Seven-thhtles of 1861 Seven-thirties of 1864-65 Fractional currency United States notes Old demand notes : Refunding certificates Certificates of indebtedness Total. Retired during fiscal year. $100.00 99,950.00 From May, 1869. Redeemed. Purchased. $175.00 10,000.00 3,000.00 $10,612,000.00 i;550.00 256,800.00 78,450. 00 48,776, 700.00 24,029,150.00 30,047,400.00 23,100. 00 19,864,260.00 691,700.00 361,600.00 11,072,100.00 18,366,100.00 1,982,450.00 16,866,150.00 65,460.00 48,166,160.00 76,700.00 32,115,600.00 21,360.00 2,213,800.00 25,091,660.00 43,599,000.00 50,764,900. CO 46,274,850.00. 60,514,500.00 134,291,400.00 19,371,800.00 8,543,650.00 56,633,000.00 37,220,300.00 43,710,300.00 168,692,760.00 2,396,800.00 26,407,200.00 43,'825," 566.'66 30.00 60.00 190.00 1,646.00 130.00 480.00 110.00 200.00 110.00 1,000.00 678,000.00 5,375.00 1,700.00 30,500.00 • 1,500.00 13,400.00 26,261,273.03 29,090,584.00 3,315.00 9,420.00 13,938,500.00 601,512,692.03 1,500,000.00 Total. $175.00 10,000.00 10,615,000.00 258,350.00 48,855,150. 00 64,076,560.00 19,877,350.00. 691,700.00 361,600.00 29,428,200.00 18,848,600.00 48,231,600.0032,192,300.00 2,235,150.00 68,690,550.00 97,039,750.00 194,805,900.00 27,915,460.00 56,633,000.00 37,220,300.00 43,710,300.00 168,692,760.00 2,396,800.00 26,407,200.00 43,825,500.00 110.00 200.00 110.00 1,000.00 678,000.00 5,376.00 1,700.00 30,500.00 1,600.00 13,400.00 26,281,273.03 29,090,664.00 3,315.00 10,770.00 15,436,500.00 502,040,850. 00 1,103,553,542.03 TREASURER. » 291 No. 48.—Public debt June 30, 1912, and June 30, 1913, and changes during the year. Title ofloans. Rate of interest. Outstanding J u n e 30, 1912. Issued during, R e t h e d d u r h i g year. year. Outstandhlg J u n e 30, 1913. $47,964,300.00 41,900.00 417,3S0.00 $118,489,900.00 63,945,460.00 646,250,150.00 54,631,980.00 30,000,000.00 50,000,000.00 41,900.00 417,380.00 . 48,423,580.00 963,776,770.00 INTEREST-BEARING DEBT. L o a n of 1925 L o a n of 1908-1918 . . . . Consols of 1930.. . . P a n a m a Canal loan of 1918-1936 P a n a m a Canal loan of 1918-1938 P a n a m a Canal loan of 1961 P o s t a l Savings loan, 1st series.. P o s t a l Savings loan, 2d series.. Perct. 4 3 2 2 2 3 2-^ 2i Total $118,489,900.00 63,945,460.00 646,250,150.00 54,631,980.00 30,000,000.00 2,035,700.00 916,353,190.00 D E B T ON WHICH I N T E R E S T HAS CEASED. Old d e b t i^toO L o a n of 1847 6 T e x a n i n d e m n i t y stock 6 5 L o a n of 1858 F i v e - t w e n t i e s of 1862 6 F i v e - t w e n t i e s of J u n e , 1864 6 6 F i v e - t w e n t i e s of 1865 5 Ten-forties of 1864 6 Consols of 1865 6 Consols of 1867 . . . 6 Consols of 1868 L o a n of F e b r u a r y , 1861 6 ° F u n d e d loan of ISSI . 5 F u n d e d loan of 1881, c o n t h i u e d . 3-^ Oregon w a r d e b t 6 L o a n of J u l y a n d A u g u s t , 1S61. 6 L o a n of J u l y a n d A u g u s t , 1861, continued.. . U L o a n of 1863 (ISSl's) 6 L o a n of 1863, c o n t i n u e d 3^^ L o a n of J u l y 12, 1882 3 F u n d e d loan of 1891 4^ F u n d e d loan of 1891, c o n t i n u e d . 2 L o a n of 1904 5 F u n d e d loan of.l907 4 T r e a s u r y n o t e s of 1861. 6 S e v e n - t h h t i e s of 1861 One-year n o t e s of 1863 5 Two-year notes of 1863. . . . 5 C o m p o u n d - i n t e r e s t notes 6 Seven-thirties of 1864-85 7A Certificates of i n d e b t e d n e s s 6 T e m p o r a r y loan 4 to 6 3 p e r c e n t certificates 3 4 R e f u n d i n g certificates Total 151,610.26 950.00 20,000.00 2,000. 00 107,150.00 14,000.00 19,850.00 18,650.00 57,450.00 93,800.00 9,900.00 5,000.00 22,400.00 60.00 2,250.00 15,060.00 $100.00 60.00 50.00 1,600.00 3,100.00 100.00 200.00 23,650.00 6,000.00 13,250.00 800,350.00 2,300.00 9,350.00 30,360.00 26,850.00 159,230.00 120,100.00 3,000.00 2,850.00 5,000.00 14,050.00 480.00 1,600.00 3,100.00 100.00 200. 00 23,650.00 5,000.00 13,250. 00 700,400.00 2,300.00 9,350.00 30,330.00 26,800.00 159,040.00 120,100.00 3,000.00 2,860.00 6T000.00 13,570.00 1.00,.900.00 1,669,650.26 130.00 149,660,000.00 63,152.60 346,681,016.00 99,950.00 30.00 50.00 190.00 1,760,450.26 151 610.26 950.00 20,000.00 2,000.00 107,150.00 14,000.00 19,850.00 18,550.00 57,400.00 93 760.00 9,900.00 5,000.00 22, 400.00 50.00 2,250.00 15,050. 00 D E B T B E A R I N G NO I N T E R E S T . Old d e m a n d notes U n i t e d States n o t e s . . . . N a t i o n a l - b a n k notes, r e d e m p tion account Fractional currency Total 53,282.50 346,681,016.00 149,660,000.00 33,160,178.00 6,857,390.93 20,078,366.00 28,527,711.50 1,236.03 24,710,831.60 6,866,164.90 386,751,867.43 169,738,365.00 178, ISS, 947.53 378,301,284.90 994,870,669.00 463,499,000.00 3,246,000.00 355,760,000. 00 411,432,000.00 310,573,300.00 1,040,067,369.00 393,382,000.00 481,549,000.00 2,929,000.00 317,000.00 CERTIFICATES AND TREASURY NOTES. Gold certificates SUver certiflcates T r e a s u r y notes of 1890 Total 1, 461,615,669.00 787,192,000.00 704,272,300.00 1,524,535,369.00 Aggresfate.. 2, 765,600,556. 69 985,353,946.00 882,580,627.63 2,868,373,874.16 292 REPORT ON T H E FINANCES. No. 49.—Public debt, exclusive of certificates and Treasury notes, at the endof each month, from January, 1907. Months. 1907—January... February.. March AprU May. June July August September. October... November. December. 1908-^January... February.. March AprU May June July August September. October... November. December. 1909—January... February.. March April May June July August September. October... November. December. 1910—January... February.. March AprU May June July August September October... November. December. 1911—January... February.. March AprU May June July August:... September October... November. December. 1912—January... February.. March AprU May.. June July August September October... November. December. 1913—January... February.. March AprU May Juiie Interest bearing. $922 020, 920 099, 908 233, 901 568, 899 972, 894 834, 858 685, 858 685, 858 685, 858 685, 869 603, 898 210, 898 753, 898 753, 897 503, 897 603, 897 503, 897 603, 897 503, 897 503, 897 253, 897 253, 883 317, 912 900, 913 307, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 913 317, 915 353, 939 258, 963 118, 963 344, 963 349, 963 359, 983 359, 983 776, 983 778, 963 776, 963 778, 983 778, 983 776, 984 831, 984 831, 984 631, 964 631, 964 631, 964 631, 965 708, 985 706, 985 706 985 706 985 708, 965 706, U n i t e d States notes a n d fractional currency. National-bank notes, r e d e m p t i o n account. $1,096, 745.26 $363 599,,535.78 1,095, 695.26 353 598,1,775.78 1,095, 365.26 353 598,1,775.78 1,095, 135.26 353 598,;, 775.78 1 , - " - 925.26 353 ,598, ;, 776.78 815.26 353 598,;, 292.78 1, i, 292.78 13,563, 135.26 353 .598, i, 292.78 9,623; 105.26 353 ,598, 8.272, 545.26 353 598,,292.78 6,930; 955.26 3.53 .597,,847.78 6,228, 015.26 353 597,,847.78 5,580; 385.26 353 .597,, 732.78 ', 732.78 5,107, 205.26 3.53 ,597, ', 732.78 4,887, 095.28 353 597, ', 132.78 4,875, 215.26 3.53 ,597, ', 112.78 4,600, 695.26 3.53 ,597, ', 112.78 4,291, 305.28 3.53 ,597, ', 112.78 4.130, 015.28 3.53 ,597, 745.26 i, 672.78 3,943, 3.53 ,596, \, 672.78 3,867, 625.26 3.53 ,596, 195.26 3,823, 3.53 ,596,,672.78 ,, 222.78 3,738 235.26 3.53 ,598, i, 222.78 3,647, 265.26 3.53 ,596, 3,448, 935.26 353 598,,222.78 705.26 3,373, 3,53 .595,, 865.7.3 ., 655.78 3,338, 485.26 353 595, 356.26 1,655.78 3,292, 115.26 353 595, ., 655.78 3.131, 115.26 3.53 .595, ;, 085.78 2,987, 855.26 3.53 .595, .,085.78 2,883, 475.26 3.53 .595, 2,814, 625.26 3.53 .595,,085.78 2,793 285.26 3.53 .594,,607.78 2,761, 895.26 3.53 .594,,192.78 :, 010.78 2 , — 325.26 3.53 .594, 2,378, 725.26 3.53 ,594,,010.78 2,385, 296.26 353 594,,010.78 2,322, 865.26 353 .594,,010.78 2,262, 445.26 3.53 .593,,520.78 2,246, 275.28 353 .593,,520.78 2,237, 815.26 353 ,593,,520.78 2,209, 895.26 353 593,, 120.78 2,124, 105.26 3.53 .593,,120.78 2,074, 545.26 353 593,,119.43 :, 734.43 2,069, 685.26 3.53 .592, 2,063, 985.26 353 592,!, 734.43 2,056, 255.26 3.53 592,1,734.43 1,734.43 2,042, 045.26 353 .592, 1,734.43 1,995, 095.26 3.53 .592, 1,734.43 1,988, 635.26 353 ,592, 1,204.43 1,961, 715. 26 592,1,204.43 353 1,918, 910.26 3.53 .592, 1,204.43 1,905, 750.26 3.53 ,592, 1,893, 830.26 , 3.53.591,,689.43 ,689.43 1,879, 780.26 591,,678.40 1,872, 410.26 353 591,,318.40 1,866, 780.26 353 1,854, 810.26 3.53 591,,318.40 1,851, 500.26 3.53 591,,318.40 1,824, 830.26 3.53 591,,318.40 1,821, 220.26 363 591,1,938.40 1,818, 750.26 353 590,,938.40 1,814, 240.26 353 590,1,938.40 1,805, 230.26 353 690,1,938.40 i,-453.40 1,770, 210.26 353 590, 1,453.40 1,765, 450.26 353 590, 1,760, 010.26 353 590,1,453.40 , 128.40 590, 353 1,731, 510.26 1,128.40 1,728, 380.26 353 590, 1,128.40 590, 353 1,728, 870.26 1,706, 450.26 353 590,,128.40 1,695, 070.26 353 590,,708.40 1,695, 390.26 353 589,, 708.40 1,708.40 1,678, 650.26 3.53 ,589, 1,677, 690.26 3.53 ,589,,163.40 1,675, 580.26 3.53 .589,, 908.40 1,664, 900.26 3.53 588,,778.40 1,660, 550.26 353 588,,778.40 1,659, 353 588,,778.40 353 583, $45 434, 571.00 46 006, 527.00 49 046, 767.00 48 463, 418.00 47 753, 708.00 47 6,58,804.50 47 428, 404.00 46 445. 882.00 46 993, 774.00 47 239, 336.50 45 601, 979.70 46 162, 653.60 51 597, 010.20 62 028, 732.40 66 653, 189.10 71 162, 425.00 71 879, 462.50 72 459, 284.50 57 393, 588.00 438.00 48 SOS, 365.00 42 642, 430.00 39 069, 945.00 50 259, 160.00 46 905, 967.50 43 560, 127.50 40 700, 089.50 36 505, 397.00 33 373, 227.00 30 131, 941.00 28 618, 058.50 26 822, 358.50 25 772, 008.50 25 870, 036.00 25 549, 931.00 26 428, 473.00 26 943, 722.00 28 447, 090.50 30 126, 253.00 31 938, 470.50 30 197, 880.60 29 467, 463.00 27 904, 118.00 27 4.52,387.75 30 730, 771.76 32 628, 205.50 33 529, 133.00 33 1.51,668.00 34 326, 928.00 33 496, 168.00 35 830, 623.00 35 849, 740.50 •36 462, 468.00 34 7,53, 178.00 33 160, 673.00 31 387, 568.00 30 016, 646.50 28 802, 118.00 28 056, 750.50 27 839, 861.50 26 203, 715.00 28 158, 812.50 25 714, 532.50 27 860, 412.60 27 113, 399.50 25 622, 831.50 24 710, 743.50 23 282, 701.00 22 595, 261.00 22 384, 493.60 441.00 22 179, 373.50 21 670, 098.50 21 143, 078.50 20 650, 281.00 22 871, 033.50 22 659, 21 982, 201.00 21 539, 806.00 22 092. Matured. Total. 412.04 508.04 668.04 959.04 189.04 192.54 342.04 790.04 122.04 649.54 852.74 821.64 938.24 550.44 527.14 223.04 870.54 402.54 996.04 726.04 223.04 878.04 923.04 168.04 818.54 758.54 590.54 668.04 918.04 . 372.04 109.54 081.54 976.54 432.04 757.04 699.04 518.04 966.54 709.04 756.54 306.54 969.04 832.69 157.44 681.45 415.19 612.69 937.69 247.69 497.69 032.69 345.19 397.69 887.69 021.66 293 TEEASUEEE. No. 50.—Lawful money deposited in the Treasury each month of thefiscal year 1913 for thS redemption of national-bank notes. Retirement account. Five per cent account. Months. Insolvent and liquidating. Total. Reducing. 1912—July August September October... November December. 1913—January... February. March April May June $56,870, 643.77 53,074, 512. 76 41,689, 019.47 56,148, 897.22 46,311, 804.55 46,752, 081.49 68,752, 269.89 59,513, 308.60 54,593, 180.36 57,997, 170.02 61,317, 811.61 56,668, 126.25 $435,000.00 263,300.00 421,500.00 203,075.00 272,992.50 364,950.00 490,847.60 513,045.00 54,497.50 133,350.00 70,202.50 533,910.00 $1,017, 000.00 1,000,080.00 1,382,500.00 1,222,350.00 512, 500.00 456,850.00 615, 745.00 4,123,290.00 2,034,000.00 928, 745.00 1,482,500.00 2,939,000.00 $58,322, 643.77 54,337, 872. 76 43,493,019.47 57,574,322.22 47,097, 297.05 47,573, 861.49 59,858, 662.39 64,149, 641.60 58,681, 677.86 59,059, 265.02 62,870, 514.11 60,141 036.25 Total. 649,688,803.99 3,766,470.00 17,714,540.00 671,159,813.99 No. 51.—Disbursements from redemption accounts of national banks each month of the fiscal year 1913. For notes redeemed. Months. 1912—July August September October... November. December. 1913—January... February.. March AprU May June $.55,919, 020.60 54,299, 365.00 44,238, 422.60 57,360, 930.00 43,793, 107.50 48,960, 060.00 68,813, 390.00 58,972, 432.50 58,937, 792.60 67,954, 855.00 61,753, 730.00 60,009; 295.00 Total.. 669,002,400.50 Transfers and repayments. Total disbursements. $116, 418.54 $66,0,35,439.04 77, 674.04 54,376,939.04 68, ,596.47 44,307, 018.97 140,6.58.30 57,601, .588.30 44,171,961.65 378, 844.16 47,295, 811.85 346, 751.85 68,901,097.36 87, 707.36 225.82 .59,285, 658.32 313, 59,088, 109.65 150,317.15 697.78 58,102, 652.7S 147, 61,905, 513.19 151, 783.19 60,288, 678.63 277,383.63 •• 2,265,968.28 Balance. $44,647, 859.90 44,608, 793.82 43,794, 794.12 4,3,867,528.04 46,792, 873.44 47,070, 923.08 38,028, 488.11 42,892, 471.39 40,486, 039.60 41,442, 761.84 42,407, 752.76 42,262, 110.38 671,258,358.78 No. 52.—Result ofthe count of national-bank notes receivedfor redemption, by fiscalyears, from 1900. Fiscal year. 1900. 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 1913 ... Claimed b y owners. " O v e r s . " " S h o r t s . " Referred a n d Counterrejected. feit. $96,982,607:88 147,486,577.93 171,512,762.90 196,786,126.61 262,141,930.23 308,298,760.03 296,292,884.95 240,314,680.86 349,634,341. 42 461,522,201.92 602,498,993.94 5.51,5,31,596.52 649,964,710.29 675,888,999.60 $8,092.25 $11,685.80 $750,902.15 $1,706.00 19,903.52 20,620.30 340,636.30 1,432.00 7,269.23 6,999.40 462,958. 75 1,754.00 29,339.97 12,998.30 439,173.50 1,901.00 18,489.36 30,839.28 385,636.85 1,307.00 61,102.05 19,032.80 1,521,902.10 1,308.00 41,359.06 35,882.00 1,121,987.50 1,685. 75 28.549.10 31,794.80 1,474, 686.65 1,567.00 41,978.85 39,976. 70 1,085, 629.22 1,130.60 83,100.36 99,060.05 1,967,445.65 1,300.76 74,856.24 87,264.80 2,885,196.31 910.05 73.285.11 24,929.89 2,089,931.60 1,815.60 87,491.45 32,869. 23 2,983,863.09 2,514.35 101,414.16 31,981.16 2,834,307.05 1, 439.60 Express charges. $124.70 143.95 174.62 200.40 250.81 261.75 268.95 316.S5 403.16 487.63 596.45 502.26 390.70 418.40 N e t proceeds. $96,226,281.48 147,143,649.90 171,048,135.36 196,361,193.28 261,742,386.65 308,817,357.43 295 174 41Q m 238,834,864.76 348,549,280.70 469,537,008.30 499,599,883.57 549,487,701.38 647,022,664.37673,122,267.50" 294 REPORT ON THE FINANCES. No. 53.—National-bank notes outstanding at the end of each month, and amount and per cent of rrionthly redemptions, from January, 1901. Redemptions. Outstandmg. Amount. 1901—January February March April May June July • August September... October November... December— 1902—January February March April May June July August September... October November... December 1903—January February March April May June July August September... October November... December 1904—January February March April May June July August September... October November... December 1905—January February March April May June July August September... October Novenber December 1906—January February... March April May June July August September.. October November.. December... 1907—January February... March .$346,821,871 $19,482,754 348,655,255 12,799,120 350,101,405 12,358,659 350,764,267 11,305,800 351,582,590 14,188,094 '353,742,187 13,415,238 356,152,903 13,378,875 357.419.155 14,336,572 8,792,245 358,830,548 359,911,683 11,384,984 359,720,711 11,087,009 360,289,728 13,351,267 359,444,615 20,863,764 358,434,867 14,999,349 357,476,407 14,610,899 356,987,399 15,450,660 358,747,184 17,243,753 358,672,091 18,369,881 358,984,184 15,334,988 381,282,691 13,213,682 386,993,598 11,242,551 380,476,334 12,483,910 384,854,514 13,800,790 384,929,784 18,557,201 383,973,546 24,364,960 382,798,845 13,916,434 382,519,258 14,446,393 391,151,728 17,012,685 406,443,205 20,578,357 413,670,650 21,679,690 447,346,487 22,953,412 418,587,975 18,856,085 420,428,535 16,830,510 419,610,683 17,488,970 421,106,979 13,654,484 426,183,018 22,080,483 426,857,627 29,541,701 430,324,310 21,006,260 434,909,942 21,667,430 437,080,573 23,783,646 445,988,565 25,702,886 449,235,095 28,676,063 450,206,888 27,138,361 452,516,773 24,922,175 456,079,408 18,187,050 457,281,500 20,200,180 460,679,075 22,291,957 464.794.156 27,355,322 467,422,853 35,687,232 489,203,840 24,706,431 475,948,945 26,964,598 481,244,945 24,505,427 488,327,516 27,265,778 495,719,806 29,074,289 503,971,395 25,624,807 512,220,367 22,912,285 518,352,240 19,073,810 524,408,249 20,612,185 533,329,258 21,561,971 540,914,347 24,832,551 543,230,080 36,710,959 550,803,895 23,716,730 554,666,967 27,021,045 556,648,282 22,758,848 559,129,660 27,590,918 561,112,380 23,876,995 561,481,045 21,768,334 589,852,303 18,804,632 573,903,108 14,538,106 583,171,985 15,370,970 593,380,549 15,483,851 596,162,469 16,903,980 596,197,569 31,730,178 596,343,022 20,296,964 597,212,063 18,187,816 Redemptions. Months. Per cent. ,5.62 3.67 3.53 3.22 4.04 3.79 3.76 4.01 2.45 3.16 3.08 3.71 5.80 4.18 4.09 4.33 4.83 4.59 4.27 3.66 3.06 3.28 3.53 4.82 6.35 3.64 3.78 4.35 5.06 5.24 5.50 4.50 4.00 4.17 3.24 5.19 6.92 4.88 4.96 5.44 5.76 6.38 6.03 5.51 3.99 4.42 4.84 5.89 7.83 5.27 5.67 5.09 5.58 5.87 5.08 4.47 3.69 3.93 4.04 4.59 6.76 4.31 4.87 4.09 4.93 4.26 3.88 3.30 2.53 2.64 2.61 2.84 5.32 3.40 3.05 Outstanding. Amount. 1907—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... October November... December 1910—January February March April May June July August September... October November... December 1911—January February March April May June July August September... October November... December. 1912—January... February. March April May June July August September October... November December 1913—January.. February March April May June $599,913,840 $21,522,289 801,940,560 22,278,235 603,788,690 23,431,356 603,395,886 25,748,794 604,056,321 22,285,888 603.987.114 19,329,739 609,980,467 19,955,863 858,218,196 7,749,881 690,130,895 11,736,620 695,402,762 43,425,863 695,874,519 29,627,608 696,407,355 38,949,474 897,645,698 42,491,474 698,449,517 43,212,118 898,333,917 45,121,039 692,088,991 38,319,375 685,326,108 29,442,768 675,612,327 24,776,186 665,844,192 27,507,778 687,178,177 27,801,459 677,068,165 34,874,210 678,673,092 56,627,458 678,285,600 37,227,225 684,407,615 42,637,791 687,408,227 46,125,141 688.183.115 48,247,752 689,920,074 47,935,059 695,354,164 46,403,870 698,845,474 36,939,830 702,807,459 31,890,067 703,940,756 31,759,164 707,433,456 33,253,015 710,354,263 43,484,347 709,879,333 60,864,575 710,022,868 41,570,159 717,258,998 39,917,273 713,461,586 45,222,008 712,242,841 46,299,971 713,430,733 44,894,723 712,029,488 45,504,817 717,321,051 39,504,676 720,795,606 32,366,779 724,874,308 31,268,843 726,855,833 35,036,595 727,705,981 41,371,476 726,445,388 64,785,436 728,935,041 46,524,453 729,162,916 49,353,908 728,144,718 51,487,162 728,478, Oil 54,006,009 728,194,608 60,321,441 732,824,016 54,003,825 737,206,748 49.174.135 737,788,368 40,026,992 739,165,313 41,248,347 739,764,348 48,646,904 740,803,187 54,363,693 741,661,988 77,819,645 744,272,273 50,283,920 744,871,283 53,149,946 745,720,348 55,320,499 745,492,672 65,929,473 745,134,992 61,987,331 744,905,941 59,666,461 746,501,307 54.271.136 747,779,654 41,816,565 749,348,859 48,103,770 760,185,776 46,030,678 750,972,246 52,532,627 750,481,769 79,763,664 751,117,794 51,790,011 752,059,332 53,306,522 753,076,674 61,163,185 755,294,066 66,525,360 759,157,906 60,929,020 295 TEEASUEEE. No. 54.—Redemptions and deliveries of national-bank notes each month of thefiscal year 1913. Months. 1912—July August September October November December 1913—January. February March April May June Total Redemptions. Deliveries on redemption accounts. $59,493,013.99 53,384,391.50 41,417,874.75 48,784,367.50 44,849,273.05 60,241,342.72 82,297,181.98 51,891,547.00 53,027,052.44 60,377,532.43 '.... 65,299,060.24 62,059,649.96 $56,657,410.50 64,271,96.5.00 44,686,762.50 57,265,235.00 44,734,442.50 47,343,380.00 67,212,567.60 59,083,566.00 68,206,222.60 68,225, 797.60 62,001,437.60 69,716,860.00 $95,229.00 72,260.06 68,717.00 67,743.00 71,334.00 66,153.00 82,433.00 65,716.00 105,737.00 107,395.00 70,070.60 88,472.00 873,122,267.55 669,405,645.50 950,249.55 Deposited in Treasury. On hand charged to 5 p e r cent account. On h a n d unassorted. $2,399,420.00 2,426,820.00 1,978,480.00 2,074,175.00 1,132,840.00 739,520.00 2,340,342.60 2,229,210.00 2,960,780.00 2,689,837.50 2,442,130.00 2,734,565.00 $35,972,830.19 34,986,606.64 32,106,341.89 23,462,026.39 24,446, 857.94 27,672,987.66 41,074,346.64 33,927,745.14 27,911,268.08 30,226,550.51 .33,701,800.25 35,663,683.20 No. 55.—Redeemed national-bank notes delivered from the Treasury each month of the fiscal year 1913. Months. 1912—July August September October November December 1913—January February March April . May June Total F o r r e t u r n to b a n k s of issue. F o r destruction a n d reissue. F o r destruc-. tion a n d retirement. Total. $18,025,260.00 17,360,450.00 13,866,150.00 17,447,650.00 14,800,850.00 16,164, 700.00 22,817,000.00 19,141,600.00 18,844,500:00 19,272,150.00 20,983,500.00 20,180,960.00 $35,752,072.50 $2,880,088.00 $66,657,410.60 1,950,402.50 54,271,966.00 34,971,112.60 2,015,440.00 44,686,782.50 28,816,172.50 1,630,192.50 67,265,236.00 38,187,392.60 1,294,645.00 44,734,442.50 28,639,047.60 29,829,812.50 • 1,348,867.50' 47,343,380.00 1,699,667.50 67,212, 567.50 42,695,900.00 2,316,355.00 69,083,666.00 37,628,610.00 2,300,295.00 58,206,222.50 37,061,427.50 1,739,342.50 58,225,797.60 37,214,305.00 1,995,5.35.00 62,001,437.50 39,022,402.50 2,919,305.00 59,716,880.00 36,816,606.00 218,884,750.00 426,431,880.00 24,089,0.35.50 Balance. $38,372,250.19 37,412,426.64 34,084,821.89 25,636,201.39 25,679,697.94 28,412,607.66 43,414, 689.14 36,156,965.14 30,872,048.08 32,916, .388.01 30,143,930.25 38,398.248.20 889,405,645.50 No. 56.—Assets and liabilities of the 5 per cent redemption fund of national banks at the end of each month of thefiscal year 1913. Liabilities. Assets. Months. On deposit National- Expenses bank notes in paid. Treasury. on hand. 1912—July August September.. October November.. December.. 1913—January February... March April May Juiie $38,372,250 37,412,427 34,084,822 26,536,202 25,579,898 2S, 412,508 43,414,6S9 36,156,966 30,872,048 32,916,388 36,143,930 38,398,248 Total. To national banks. To Treasury. $38,372,250 $21,365,116 $14,667,477 37,412,427 22,013,093 12,931,966 34,084,822 21,410,533 10,654,044 $506,735 26,041,937 21,688,035 2,236,565 229,916 26,298,818 25,122,433 28,412,508 25,927,550 1,712,386 43,414,689 17,478,390 23,562,042 36,168,955 20,021,393 13,871,477 30,872,048 17,826,759 10,049,349 32,916,388 19,480,718 10,728,945 36,143,930 20,868,552 12,796,277 38,398,248 20,169,304 15,466,600 On other accounts. $2,439,657 2,467,368 2,020,245 2,117,337 1,176,385 772,673 2,374,257 2,264,085 2,995,940 2,726,725 2,479,101 2,772,344 296 REPORT ON T H E FINANCES. No. 57.—National-bank notes received for redemption from the principal cities and other places, by fiscal years, from 1900, in thousands of dollars. CincinSt. nati. Louis. Fiscal years. York. B o s t o n . Philadelphia. Baltimore. Chicago. 1900 1901 1902 1903 1904 1905 :. 1906....... 1907..:.... 1908 1909 1910 1911 1912 $62,707 81,263 86,749 98,650 141,660 159,432 150,087 102,279 193,292 236,101 234,110 262,105 327,793 $12,427 19,467 18,672 19,543 22,834 24,416 22,656 • 18,087 20,075 29,435 35,492 • 37,920 47,704 $8,390 9,097 10,788 14,306 18,688 21,483 20,422 17, 778 20,437 28,887 36,640 36,199 43,314 $2,633 4,747 5,835 7,009 9,338 11,768 10,789 9,222 7,941 10,301 11,561 11,549 13,007 $4,804 8,662 14,192 18,739 21,910 26,798 28,160 27,677 30,612 47,504 63,397 69,373 71,262 $1,218 1,644 3,198 4,449 6,417 7,724 8,321 7,285 8,026 12,34211,712 11,981 14,281 $2,320 6,008 12,847 9,311 12,301 18,672 13,764 13,044 16,147 28,268 30,286 29,799 29,887 ' 1912. July Aug Sept Oct Nov Dec 28,024 26,440 18,484 22,015 21,676 26,262 5,879 6,628 4,066 4,908 4,965 4,544 4,182 3,369 2,745 3,539 3,120 3,473 1,426 1,353 763 996 860 876 7,202 7,309 6,924 5,250 5,005 5,033 1,478 1,018 1,167 1,241 1,099 1,275 2,138 1,644 1,476 1,608 1,068 2,097 719 406 304 249 443 406 8,618 8,206 6,889 8,298 7,815 8,678 59,666 54,271 41,817 48,104 46,031 52,533 1913. Jan Feb Mar Apr May June 41,691 24,674 26,668 29,676 29,769 28,498 7,669' 4,593 3,678 3,711 5,874 6,220 5,061 2,923 2,999 4,608 3,767 4,190 1,249 998 1,177 1,333 1,732 1,273 8,135 6,859 5,938 7,253 8,323 6,149 1,491 1,286 1,073 1,443 1,558 1,516 3,606 3,466 3,890 3,624 4,606 3,194 970 785 627 736 710 781 9,893 7,206 8,258 8,979 10,298 9,109 79,754 51,790 53,306 61,163 66,625 60,929 43,866 6.49 14,035 2.08 77,380 11.45 15,644 2.31 32,106 4.76 7,135 102,142 16.11 1.06 676,889 .100.0 Total,fiscal year 1913.... Per cent... New • 61,725 9.13 321,857 47.62 . New Other Orleans. places. Total. $710 $11,773 1,628 16,171 2,271 17,617 3,176 21,347 4,034 24,960 5,372 32, 734 6,346 36,748 6,418 38,625 5,896 47,308 7,838 60,846 6,586 72,715 7,710 84,898 6,797 95,930 $96,982 147,487 171,869 196,430 262,142 308,299 296,293 240,315 349,634 461,622 502,499 561,532 649,956 No. 58.—Disposition made of the notes redeemed at the national-bank redemption agency, by fiscalyears, from 1900. Delivered to t h e Comptroller of t h e Currency. R e t u r n e d to b a n k s of issue. Fiscal years. Deposited in Treasury. Balance on hand. For destruction For destruction a n d reissue. and retirement. 1900 1901 1902 1903 1904 1905 1906 1907 1908.1909 . 1910 1911.. 1912 1913 . $25,620,660 57,668,715 67,303,620 •62,663,430 92,025,556 106,286,870 88,930,700 . 43,140,206 62,194,660 89,629,100 118,015,100 107,017,870 198,550,800 218,884,750 $49,006,445.00 71,432,232.50 89,646,745.00 104,604,266.60 136,444,406.00 174,417,382.60 184,561,827.60 168,940,465.00 196,449,107.50 321,446,652.50 343,645,282.50 398,279,110.00 417,932,800.00 426,431,860.00 $17,909,793.00 18,626,437.50 20,085,274.60 26,272,086.00 30,936,971.00 26,857,368.00 24,724,136.00. 26,464,254.50 39,536,156.50 89,562,083.00 32,288, 770.50 34,976,840.00 28,627,711.50 24,089,035.50 $111,699.00 122,883.13 148,477.00 174,806.60 291,351.00 308,647.60 267,461.60 295,300.00 469,965.00 532,949.00 640,328.00 610,141.60 738,723.60 960,249.55 $8,787,132.32 6,080,614.09 9,944,632.96 12,691,238.23 14,735,342.88 14,682,632.31 11,372,838.12 12,377,478.38 62,277,880.08 20,646,203.88 26,765,608.45 34,369,346.33 36,631,875.70 38,398,248.20 297 TEEASUEEE. No. 59.—Mode of payment for notes redeemed at the national-bank redemption agency, by fiscal years, from 1900. Fiscal years. Treasurer's checks. United States currency. Gold, silver, Credit i n genand minor eral a c c o u n t coin. Credit in redemption account. 1900. 1901 1902 1903.. 1904 1905 1906 1907 1908..-. 1909 1910.... 1911. 1912.... . . 1913 $28,433,009.35 65,936,811.50 61,870,406.60 63,546,611.10 96,694,893. 78 107,599,646.95 122,862,833.45 126,576,021.21 172,719,196.76 219,617,316.49 171.238.564.95 192,124,524. 68 241,466,409.01 230.238.160.96 $65,877,983.30 68,986,976.64 74,811,828.26 96,919,863.47 123,698,061.41 146,513,677.16 123,371,141.71 62,747,460.05 123,985,046.30 166.668.342.33 260.279.311.34 280,827,486.49 319,249,866.07 352,869,975.89 $78,301.35 $11,380,978.28 41,954.90 21,608,997.10 46,770.80 33,603,046.00 47,084.45 36,178,617.60 31,829.60 41,360,671.40 81,430.80 50,629,868.00 109,491.20 46,965,078.63 151,694.40 47,676, 609.26 190,323.66 48,732,300.17 187,978.58 65,451,853.20 239,196.18 65,740,145.68 121,080.80 61,092,783.79 142,889.60 66,615,692. 70 122,709. 65 72,110,619.47 $456,009.20 689,909.86 716,084.80 669,216. 76 1,167,040.46 1,992,834.62 1,875,874.92 1,683,179.85 2,922,415.83 8,611,617.70 12,102,686.42 16,321,826.62 19,548,706.99 17,780,911.58 Total. $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. 76 348,649,280.70 469,537,008.30 499,599,883.57 649,487, 701.38 647,022,664.37 673,122,287.65 No. 60.—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 1900. Deposits. Fiscal years. 1900 1901 1902 1903 1904 1905 1908 1907: 1908 1909 1910 1911 1912 1913 . . ' $78,354,882.88 131,536,726.84 148,687,860.76 169,458,361.28 230,962,146.79 282,914,986.56 279,186,849.36 214,868,638.72 260,678,988.70 415,116,821.67 466,351,212.01 505,754,509.69 617,425,172.82 649,688,803.99 Assessments. Transfers a n d repayments. Redemptions. $74,872,477.50 128,928,835.00 147,010,875.00 167,643,585.60 228,324,620.00 280,998,292.50 272,996,687.60 212,082,400.00 261,197,306.00 409,517,715.00 461,232,132.60 506,809,020.00 618,160,280.00 644,913,366.00 $121,420.28 122,544.28 153,334.03 156,409.72 176,464.24 223,672.88 249,360.38 248,742.26 234,300.66 271,934.30 398,612.85 442,668. 78 437,838.01 504,688.24 Balance. $1,021,916.07 $11,140,721.93 723,459. 79 12,901,609.70 1,622,486.52 12,802,774.90 1,176,007.51 13,285,123.45 1,351,771.62 14,384,414.38 977,191.78 15,100,243.78 1,670,711.65 19,470,443.70 1,480,983.67 20,516,956.49 2,347,492.91 17,416,846.62 2,367,908.44 20,376,110.65 1,676,725.54 22,420,851.67 1,820,609.03 20,103,063.45 1,280,294.69 17,649,823.67 1,751,270.04 20,169,304.38 No. 61.—Deposits, redemptions, and transfers and repayments on account ofthe retirement redemption account, by fiscal years, from 1900. Deposits. Fiscal years. 1900 1901 1902.'.... 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 1913 Redemptions. Insolvent and liquidatmg. Reducing. Total. $3,776,186.00 2,795,986.00 8,314,110.50 10,029,185.50 8,027,613.00 16,862,474.00 19,207,466.10 11,029,187.00 30, 743,532.00 14,841,244.50 14,341,980.00 19,898,587.50 6,753,905.00 3,756,470.00 $14,626,460.00 10,861,289.00 26,232,209.50 17,181,070.00 18,879,475.00 8,301,695.00 17,467,742.50 22,224,662.60 37,112,837.50 30, 780,495.00 17,332,312.50 20,334,017.50 13,324,410.00 17,714,540.00 $18,402,646.00 13,657,275.00 33,548,320.00 27,210,255.50 26,907,088.00 24,164,169.00 36,675,207.60 33,253,849.50 67,856,369.50 45,621,739.50 31,674,292.50 40,232,605.00 20,078,315.00 21,471,010.00 $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 25,454,254.50 39,535,156.50 89,562,083.00 32,288,770.50 34,976,840.00 28,527,711.50 24,089,035.50 Transfers a n d repayments. Balance. $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 47,658,804.50 3,520,733.00 72,459,284.50 28,518,941.00 27,904,463.00 33,160,228.00 24,710,831.50 22,092;806.00 298 REPORT ON T H E FIN^ANCES. No. 62.—Expenses incurred in the redemption of national-bank notes, by fiscal years, from 1900.. Salaries. C o n t i n g e n t expenses. StationCharges e r y , p r i n t - Office of Office of Fiscal years. for t r a n s Office of ing, and T r e a s u r e r Treasurer portation. Comptrol- binding. ofthe of t h e ler of t h e United United. Currency. State?. States. 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910..: 1911 1912 1913 $31,767.33 55,549.75 59,957.96 67,998.88 96,580.12 111,-661.20 104,477.20 73,101.56 104, 685.62 147,020. 70 171,073.57 168,463.38 235,825.34 244,616.74 $70,173.58 $18,812.72 70,783.34 18,272. 76 70,761.90 16,663.35 83,012.64 16,790.03 97,737.26 16,803. 54 104,739.87 21,497.78 118,288.39 19,767.83 123,145.38 28,332.39 124,950.19 31,471.00. 199,338.89 30,707.91 212,988.04 29,985.99 218,410.82 31,683.35 213,688.99 38,211.45 217,961.97 41,623.72 $3,561.94 .2,859.25 4,621.51 4,693.88 6,055.20 7,508.28 6,790.10 5,909.38 8,506.90 10,748.36 12,038.34 8,761.70 10,581.53 9,618.89 Office of Comptroll e r of t h e Currency. $669.19 771.08 1,791.61 1,982.19 2,917.01 2,688.15 3,600.92 3,181.83 1,226.50 8,929.29 8,009.16 14,726.49 6,228.59 3,484.04 Total. Rate of expense $1,000. $122,984.76 $1.33558 146,238.18 .9956 .92444 153,796. 33 90262 174,477.62 219,093.13 .84716 247,973.28 80993 250,924.24 .84528 233,850. 52 .98815 270,840.21 .90386 398,743.15 .79782 434,093.10 .SS068 . 81977 $1,334.58 443,380.12 1,199.31 505,735.21 .78233 537.57 517,842.93 .77293 No. 6.3.—General cash account of the national-bank redemption agency for the fiscal year 1913, and from July 1, 187A. F o r fiscal year. F r o m J u l y 1,1874. DR. B a l a n c e from previous y e a r N a t i o n a l - b a n k notes received for r e d e m p t i o n "Overs" Total $35,631,875.70 675;SSS,999.60 101,414.18 $7,756,570,292.06 1,017,781.08 711,622,289.48 iS,073.14 218,884,750.00 450,520,895.50 950,249.55 2,825,881.00 418.40 1,439.60 8,428.05 31,9S1.,16 38,398,248.20 2,373,559,S98.00 5,168,486,374.60 139,986,138.73 35,989,481.61 88,886.88 99,377.20 195,282.54 784,387.5S 38,398,248.20 711,622,289.46 7,757,588,073.14 CR. N a t i o n a l - b a n k n o t e s forwarded to b a n k s of Issue , N a t i o n a l - b a n k n o t e s delivered to Comptroller of t h e C u r r e n c y Money, deposited in T r e a s u r y P a c k a g e s referred a n d m o n e y s r e t u r n e d E x p r e s s charges d e d u c t e d Counterfeit n o t e s r e t u r n e d •. U n c u r r e n t n o t e s r e t u r n e d or d i s c o u n t e d *' S h o r t s " Cash b a l a n c e J u n e 30,1913 Total No. 64.—Average amount of national-bank notes redeemable and amount redeemed, by fiscal years, frora 1900. O u t of deposits for retirement. O u t of 5 per c e n t fund. Fiscal years. Average redeemable. 1900 1901 1902 1903 1904 1905..1906 1907 . 1908 1909 1910 1911 1912 1913 $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 28,243,118 33,441,142 28,062,282 22,087,685 Redeemed. Average redeemable. Redeemed, fit for use. $17,909,793 . 18,626,437 20,085,275 26,272,086 30,938-,971 25,857,368 24,724,135 25,454,255 39,535,156 89,562,083 32,288, 770 34,976,840 28,527,711 24,089,035 $223,869,280 308,625,545 322,207,220 339,993,484 389,966,135 435,487,040 500,046,264 542,369,618 605,084,732 635,828,337 679,678,209 691,469,927 711,878,462 728,819,192 $25,620,660 57,668,715 57,303,520 62,563,430 92,026,555 106,286,870 88,930,700 43,140,205 62,194,650 89,629,100 118,015,100 107,017,870 198,550, SOO 218,884, 750 Redeemed, unfit for use $49,008,445 71,432,232 89,648,745 104,604,266 136,444,405 174,417,383 184,561,828 168,940,465 196,449,108 321,445,552 343, .545,283 398,279,110 417,932,800 428,431,860 Total redeemed. $74,627,105 129,100,947 148,950,265 167,167,696 228,469,960 280,704,253 273,492,52S 212,080,670 258,643,758 411,074,652 461,560,383 505,296,980 616,483,800 645,316,610 299 TEEASUEEE. No. 65.—Percentage of outstanding national-bank notes redeemed and assorted each fiscal year from 1903, by geographical divisions. 1903 1904 1905 1908 1907 1908 1909 1910 1911 1912 55.33 59.69 59.03 04.85 66.27 63.67 64.88 67.93 70.36 69.65 87.66 67.54 80.56 68.49 89.61 70.73 73.78 88.82 80.27 87.76 56.31 59.40 60.16 66.33 78.32 68.43 73.10 41.54 42.19 44. 91 45.52 51.62 53.69 50.61 43.59 43.83 47.17 47. 21 50.96 54.44 54.98 74.41 76.78 79.81 82.21 97.18 81.69 9.8. 79 78.17 81.36 83.68 85.04 91.34 89.53 95.36 79.08 83.61 83.89 88.17 90.14 98.39 95.56 98.56 102.66 96.72 105.12 118.95 110.86 111.31 62.14 73.25 77.39 67.10 47.36 9.31 88.63 87.18 73.07 89. 24 101.62 89.17 62.13 81.97 61.10 64.15 134.30 74.24 74.54 114.02 104.62 68.69 78.18 66.87 82.23 143. 86 .77 70.13 83.80 89.33 60. 72 73.47 65.01 79. 66 111.89 75.88 48.04 47.23 57.70 47.00 52.67 54.05 63.11 75.57 60.83 54.31 i.23 92.15 54.07 100.09 95. 77 60.07 121. 26 119.79 48.44 82.64 80.28 51.55 90.18 104.44 51.87 82.99 88.87 57.25 93. 77 95. 74 63.75 98.04 99.94 63.03 105.57 100.74 66.! 80. 46 88.70 74.56 49.75 53. 20 94. 60 92.75 96.82 117.48 48.80 39.42 49.84 50.33 44.88 42.66 43.10 47.23 58.22 38.81 34.88 38.68 35.06 6.75 53.26 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 80.88 55.80 54.18 51.10 41.99 84.28 48.24 40.27 48.19 45.02 66.90 58.02 44.58 52.02 38.44 55.73 43.56 81.30 45.19 52.55 41.02 48. 88 40.70 44.08 35.23 50.71 37.01 40.43 44.28 71.09 66.04 39.75 30.80 33. 60 28. 82 42.32 33..52 41.85 35.99 65.90 37.05 58. 25 49.70 68.73 58.33 54.85 45.75 54.66 43.66 46.83 48.79 45.68 40.82 40.44 43.68 57.15 82.36 71.54 88.25 88.40 78.58 78.98 76.19 63.30 70.42 78.14 59.46 57.28 57.21 63.83 71.80 SO. 83 67.38 82.12 95.51 80.98 73.17 72.15 57. 28 56.58 57.36 61.67 60.43 53.66 63.08 47.85 89.18 75.96 89.19 103.45 89.97 75.67 76.74 63.92 63.82 66.46 71.76 64.99 61.35 69. 25 43. 88 100.10 90.72 98.42 112.77 94.71 82.49 80.27 64.87 68.60 71.47 74.40 89.47 69.57 72.63 92.50 Southern.. 41.25 47.55 54.64 46.83 37.63 48.36 .18 67.45 75.59 81.83 Ohio Cincinnati. Indiana Illinois Chicago Michigan Wisconsin Minnesota Iowa Missouri St. L o u i s . . . 35.77 41.75 52.° 43 36.88 35.50 58.69 34.42 30.70 34.43 35.62 28. S3 51.68 46.15 53.43 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 32.72 33.18 32.32 42.36 34.27 30.96 29.24 30.02 31.82 28.70 24.52 28.44 27.62 27.65 37.84 38.12 56.83 36.37 67.69 33.59 50.92 33.98 •49.93 28.93 49.10 31.68 47.13 29.99 47.00 32.81 50.97 31.51 43.07 37.56 50.61 36.41 54.99 51. 60 55.68 49. 82 50.55 48.09 44.26 42.21 43.69 42.72 46.16 51.74 55.82 68.12 62.28 55.79 54.62 48.28 46.70 62.42 49.00 55.08 63. 81 60.08 74.79 67.11 61.40 59.01 53.98 62.78 68:44 52.83 58.03 71.31 34. 45 39.59 43.96 36.75 30.75 33.90 51.63 48.47 55. 84 61.07 29.89 31.40 34.51 32.00 33.70 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 41.74 35.87 49.23 50.22 49.64 32.97 32.82 30.90 34.42 35.03 35.20 32.17 42. 44 37.88 38.20 24.99 27.08 28.04 27.78 29.06 27.55 30.93 31. 71 30.18 30.72 34.42 32.85 30.07 33.02 34.33 37. 47 33.85 39.88 41.29 51.83 43.44 44.72 45.44 51.31 53.92 53.89 52.03 59.31 43.58 40. 28 43.00 43.97 48.31 51.67 48.09 51.36 56.39 50. 89 47.28 47.77 47.51 52. 81 57.93 51.40 55.81 59.97 55.73 53.42 53.05 53. .55 59.95 66.19 60.24 65.52 67. 61 34.52 36.79 40.78 33.81 28.41 34. 45 50.07 46. 76 51.26 58.05 38.28 45.82 43.00 34.06 33.28 41.54 42.96 10.00 45.22 44.06 51.22 48.72 46.33 38.45 43.98 28.47 49. 85 18. 40 139.99 47.03 57.48 52.13 45.20 42.27 40.64 46.03 48.40 26.80 96.57 35.82 48.53 48.25 38. 49 33.66 35.15 46.14 43.35 14.29 88.31 31. 74 33.39 35.56 33.89 28.63 31.03 44. 71 38.38 28.32 60.55 33. 66 51. 78 44.92 65.26 44.99 73.35 37.82 66.67 34.90 51. 42 38. 71 55.19 58.21 67.71 50.19 65.74 32.32 48.80 59.65 118. 23 47. 64 56.93 72. ,53 59.98 47.60 54.62 61.39 62.69 37.62 209.41 51. 87 60.63 68.13 70. 88 54.78 58.77 60.22 86.37 43.88 166. 25 83.38 62.73 85.76 78. 86 58.70 66.27 76. 60 73.83 46.24 180.15 Pacific 41.50 47.67 49.10 42.35 34.40 41.34 66.02 62. 48 66.68 76.88 United States. 51.68 60.62 66.84 65.21 40.27 44.87 72.85 Maine New Hampshire. Vermont Massachusetts Boston R h o d e Island Connecticut New England. 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 . Eastern. Vhginia West Vhginia North Carolina... South Carolina... Georgia Florida Alabama Mississippi Louisiana New Oiieans. Texas Arkansas Kentucky Tennessee P o r t o Rico Middle. North Dakota South Dakota Nebraska Kansas Montana Wyoming Colorado". N e w Mexico Oklahoma Indian Territory. Western... . Washington Oregon California San Francisco.. Idaho Utah Nevada Arizona : Alaska Ha\yaU 73.51 54.78 83.18 63.80 28.74 35.45 31.37 31.39 29.75 32.51 38.26 108.89 93.59 104.87 119.99 84.06 105.58 93.81 98.74 104.34 103.32 75.09 112.02 133.31 148.64 100.72 119.88 . 111.02 113.92 118.54 125.12 300 No. REPORT ON T H E FINANCES. 66.—Average amount of national-bank notes outstanding and the redemptions, by fiscal years, from 1875 {the first year of the agency). R e d e m p t ions. Redemptions. Years. Average outstanding. 3 Amount. 1875 1876 1877 1878 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 $354,238,291 344,483,798 321,828,139 320,625,047 324,244,285 339,530,923 348,314,471 359,736,050 359,868,524 347,746,363 327,022.283 314,816,970 293,742,062 285,622,692 230,648,247 196,248,499 175,911,373 172,113,311 174,756,365 205,322,804 Average outstanding. Years. Amount. Per cent. $155,520,880 209,038,855 242,885,376 213,161,458 167,866,645 61,586,676 69,650,269 76,089,327 102,699,677 126,162,572 160,209,129 130,296,607 87,689,687 99,152,364 88,932,069 70,266,947 67,460,619 69,625,046 76,846,225. 105,330,844 43.90 60.68 75.47 .66.48 48.62 18.13 17.22 21.16 28.53 36.27 45.93 41.38 29.85 37.32 38.65 35.80 38.34 40.45 43.40 51.30 1895 1896 1897 1S9S 1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 1913 $207,860,409 217,133,390 232,888,449 228,170,874 239,287,673 .260,293,746 339,884,257 358,173,941 3S3,173,195 428,886,482 468,285,475 538,065,425 589,446,699 862,473,654 680,666,307 707,919,327 724,911,069 739,940,744 750,906,777 Per cent. $86,709,133 108,260,978 113,673,776 97,111,687 90,838,301 98,982,608 147,486,578 171,889,258 196,429,621 262,141,930 308,298,760 296,292,885 240,314,681 349,634,341 461,622,202 502,498,994 561,531,696 649,964,710 675,889,000 41.71 49.85 48.76 42.66 37.96 37.25 43.39 47.98 51.26 61.12 65.84 66.07 40.77 52.78 67.80 70.98 76.08 87.84 90.01 N o . 67.—Changes during thefiscal year 1913 i n the force employedin the Treasurer's office. Total force June 30,1912: Regular roll Agency roll 312 216 528 Discontinued Died Resigned Transferred Detailed from 4 1 22 15 4 ., 46 Appointed Transferred to Reappointed Detailed Vacancies 13 31 2 107 11 '. — : ; 164 118 Total force June 30,1913 646 N o . 68.—Appropriations made for the force employed i n the Treasurer's office and salarie paid during thefiscal year 1913. Roll on which paid. Regular roll ". •. Reimbursable roll (force employed in redemption of national currency) Reimbursable roll (expenses Postal Savings System) Aggregate '. Appropriated. Expended. Balance unexpended. $347,458.47 $336,719.17 $10,739.30 220,823.06 18,000.00 217,961.97 13,810.01 2,861.08 4,189.99 586,281.52 568,491.16 17,790.37 REPORT OF THE DIRECTOR OF THE MINT. TREASURY DEPARTMENT, BUREAU OF THE MINT, Washington, D. C, January 10,1914SIR: In compliance with the provisions of section 345, Eevised Statutes of the United States, I am submitting herewith a report covering the operations of the mints and assay offices of the United States for the fiscal year ended June 30, 1913, being the forty-first annual report of the Director of the Mint. I am also submitting for publication in connection therewith the annual report of this bureau upon the production and consumption of the precious metals in the United States for the calendar year 1912. MINT SERVICE. OPERATIONS' OF T H E M I N T S . The three coinage mints at Philadelphia, Denver, and Sau Francisco were in operation during the fiscal year, and nine assay offices, located at New York, Charlotte, New Orleans, Deadwood, Helena, Seattle, Boise, Salt Lake City, and Carson. The original deposits of gold at all of the offices of the Mint Service during the year amounted to $161,131,878.30. The total coinage of the year amounted to $37,496,529.70, of which $30,058,227.50 was gold, $3,448,199.75 was silver, $2,861,768.55 was nickel, and $1^28,333.90 was brcDnze. The purchases of silver during the year amounted to 1,779,992.99 ounces, costing $1,086,347.87, at an average cost of 61 cents per ounce. The seigniorage on subsidiary silver coins during the year aniounted to $1,618,475.17, and the seigniorage on the minor coin amounted to $3,548,520.03, all of which was duly accounted for and turned into the Treasury. The mint at Philadelphia during the year also coined 803,348 pieces of silver for the Government of Costa Kica, and the mint at San Francisco coined 2,638,820 pieces of silver and 5,001,000 bronze pieces for the Phihppine Islands government. PHILADELPHIA MINT. The Philadelphia Mint has been in operation throughout the year, excepting the period required for the annual settlement. A new minor coinage plant has been put into partial operation during the year. Heretofore the minor com ingots nave been made of approximately the same size as the ingots of gold and silver and roUed in the same mills. The new ingots are 23 inches long, 4J inches wide, and 301 302 REPORT ON T H E FINANCES. three-fourths of an inch thick, and will be rolled in 16-inch miQs installed for this purpose. The capacity of the mint for minor coins is greatly increased. Particulars are given elsewhere in this report. Continuous, experiments with oil-burning furnaces have been under way at this mint for the last two years, but the results have not been entirely satisfactory. The increase in the price of gasohne duruig the year has been so great that after a calculation of costs it was found advantageous to go back to the use of illuminating gas for melting purposes. SAN FRANCISCO M I N T . A change of superintendents has occurred at this mint since the close of the fiscal year, Thaddeus W. H. Shanahan succeeding Mr. Frank A. Leach. The latter origuially served between August, 1897, and November, 1907, becoming Director of the Mint at the latter date. Having resigned the latter position in 1909, he was reappointed in August, 1912, as superintendent of the mint, to fiU the vacancy caused by the death of Edward Sweeney. A complete settlement of the accounts and count of funds was had, which was completed November 12, 1913. In making the count, vaults beheved to contain in the aggregate $61,395,000 m silver dollars, which had not been disturbed for more than 30 years, were opened, the bags emptied, and the contents examined and weighed. Five bags were found to have been, tampered with, 18 coins in all having been abstracted and iron washers substituted therefor. This pilfering was undoubtedly done at the time the coins were origuially sacked, as the vaults have been continuously under seal. The original sacking was done in 1880, 1881, and 1882-. Aside from these discrepancies, all bulhon and moneys were accounted for and duly delivered to the incoming, superintendent. DENVER MINT. A change in superintendents at this institution has been made since the close of the fiscal year, Thomas Annear succeeding Frank M. Downer, who had held the position since September 3, 1902. Under his administration, in 1906, the institution was reorganized from simply -an assay office to a coinage mint. Upon settlement everything was found in order, and the bullion and coin charged to the institution, amounting to $499,695,091.90, was turned over to the incoming superintendent. In the detailed report upon the operations of this mint wiU be found an account of successful experiments in the re&iery by which an important economy has been developed in the electrolytic process. At the close of the fiscal year B. P . Wirth, who has been in charge of this re&iery almost from the opening of the mint, was transferred and promoted to the position of superintendent of the melting and refining department ofthe New York assay office. ASSAY OFFICE AT CHARLOTTE CLOSED. The United States assay office at Charlotte, finally on June 30, 1913, Congress having failed for its support beyond t h a t date. Such pieces of valuable for further use were shipped to other N. C , was closed to make provision equipment as were institutions of the DIRECTOR OF THE MINT. 303 service and the remainder of the furniture and outfit was sold at auction on the premises and the proceeds turned into the Treasury. I n recent years the receipts of buUion at the Charlotte office have been insufficient to warrant its contiauance, amounting in the last fiscal year to only $29,428.30. The Charlotte assay office was originally established as a coinage mint in an act approved March, 3, 1835, which also established branch mints at New Orleans, La., and Dahlonega, Ga. The mints at Charlotte and Dahlonega were designed to serve the gold-producing districts of the southern Appalachian region, which at that time comgrised the only gold-mmmg territory in the United States. New Orleans was an important commercial port, and the mint there was expected to operate upon foreign coin and bullion. From 1804 to 1823 small deposits of native gold aggregating iri three years $47,000 had been received at the Philadelphia Mint from North Carolina. The receipts from this State gradually increased, and in 1829 they amounted to $134,000, and there was also $2,500 from Virginia and $3,500 from South Carolina. I n 1830 Georgia entered the list of gold-producing States with an output of $212,000, and the yield of the four States aggregated $466,000. In 1831 Alabama and Tennessee each made a small showing and in 1834 tfie southern Appalachian region made its best output, approximately $900,000. i n the following year the act providing for the three new branch mints was passed. I n November, 1835, Levi Woodbury, Secretary of the Treasury, was notified by Samuel McComb, who had been appointed to select a site for the Charlotte branch, that he had purchased from William Carson and F . L. Smith a full square containing near 4 acres of land for $1,500. Proposals for the erection of the builduig were advertised for in the Charlotte Journal, Washington Globe, Richmond Inquirer, and the North Carolina Standard. The contract was awarded to Perry & Ligon, of Raleigh, N. C , on October 15,1835, at $29,800, to be completed January 1, 1837. The cost of the machinery, to be furnished by the Director of the Mint at Philadelphia, was estimated at $15,000. Coleman, Sellers & Sons, Philadelphia, furnished the steam engine, shaft, etc., for $8,297, while Merrick, Agnew & Tyler furnished coining presses, draw benches, etc., for $6,690. This equipment was shipped to Charlotte in April, 1837. Considerable difficulty occurred in transporting the heavy machinery to Charlotte, and the steam engine was not set up untU the middle of August. John H . Wheeler, of North Carolina, was appointed as the first superintendent. J. H. Gibbon and John R. Bolton, of Pennsylvania, were appointed assayer and coiner, respectively. I n December, 1837, the Secretary of the Treasury was adVised tnat the deposits of gold had amounted to $130,600 and the coinage to $84,165. The dies for this coinage were made at the PhUadelphia Mint, and in transmitting them the Director of the Mint urged Col. Wheeler, the superintendent, to hasten the coiaage, and mentioned that although the dies are dated 1838, there was no objection to using them in 1837. The reason given for haste was that the equipment might be tested and particularly the operation of the coinage press by steam power, which was regarded as in some degree experimental. The application of 304 REPORT ON T H E FINANCES. steam power to coinage was first made in this country at the Philadelphia Mint in 1836. On the night of July 27, 1844, it was nearly destroyed by fire, which occurred in the coining room, and nearly consumed the entire buUding. The machinery was seriously injured but the records being stored iri the vault, were not injured. Mr. Caldwell, the superintendent, reported that evidently the fire was the work of a thief, as his living apartments had been entered and articles stolen. The present building was authorized by act of March 3, 1845, and was completed a t a cost of $31,572.97, and occupied in 1846, and used for coinage purposes until May 20, 1861, when North Carolina entered the Confederacy and operations were suspended. The building was used duiing the Civil War as a Confederate hospital. The coinage made at Charlotte was as follows: Gold. Calendar year. Total value. Half eagles. 1838 1839 1840 1841 1842 1843 1844 18451 1846 1847 1848 1849 1850 1851 1852 1853 1854 1855 ' 1856 1857 1858 '1859 I860 18612 $64,565 117,335 95,140 107,555 137.400 221,765 118,155 .. . . . .. .. : Total 64,975 420,755 322,360 324,115 317,955 245,880 362,870 327,855 196,455 198,940 142,285 156,800 194,280 159,235 74,065 34,395 4,405,135 1 Mmt burned July 27,1844. Quarter, eagles. Dollars. $19,770.00 45,432.50 32,095.00 25,742.50 16,842.50 65,240.00 29,055.00 $84,335.00 162,767.50 122,235.00 133,297.50 154,242.50 287,005.00 147,210.00 i'2,620.66 76,995.00 478,820.00 364,330.00 361,299.00 347,791.00 324,454.50 396,734.00 339,370.00 . 214,696.50 217,935.50 162,067.50 170,080.00 216,920.00 164,470.00 92,737.50 34,395.00 58,065.00 41,970.00 25,550.00 22,870.00 37,307.50 24,430.00 18,237.50 9,192. 50 19,782.50 $11,634 6,966 41,267 ^ .9,434 11,515 4 9,803 13,280 22,640.00 5,235 18,672.50 544,915.00 109,138 5,059,188.00 » Operations suspended May 20,1861. I n 1867 the assay office a t Charlotte was reestablished by act of Congress dated March 19, and was maintained as such until the close of the fiscal year 1913. The mint a t Dahlonega was never reopened after the Civil War. Coinage operations were resumed a t New Orleans after the war, b u t were suspended and the coining niachinery removed in 1910. ASiSAY OFFICE AT NEW YORK. The New York assay office has handled more bullion and made more assays during the past year than ever before, and the work has been done under many difficulties, the chief of which have been due to insufficient appropriations. The receipts of the office are steadily increasing and the amount of jewelers^ gold and silver bars issued is constantly increasing, all making more work. The closing of the refinery in the Philadelphia Mint and opening of the new electrolytic DIRECTOR OF T H E M I N T . 305 refinery in the New York office has greatly increased the expenses. The earniags of the office from charges on bullion for treatment and for the manufacture of bars have correspondingly increased, b u t these earnings go directly into the Treasury and are not available for the payment of expenses. These earnings for the last three fiscal years were as follows: Fiscal year. Amount. $95,940.62 110,266.16 166,641.53 1910-11 1911-12 1912-13 The total expenditures of this office for the fiscalyear 1913 were $191,773.47, so that it does not fall far short of reimbursing the Treasury for all expenditures in its behalf. As the larger part of the receipts consists of refined gold, which under the law is almost free from charges, the proportion of earnings to expenditures is very high. I t is earnestly represented that the increased estimates submitted for this office should be allowed in fuU. The office is stUI crowded into the rear buUding intended to accommodate only the melting and refining departments. The rooms are inadequate for the entire office force and are unsuitable for transactions with the public. I t is very much hoped that the new building planned for the Wall Street front may be pushed forward for early occupancy. W E S T E R N ASSAY O F F I C E S . The appropriations for the fiscal year 1914 for the assay offices at Deadwood, Helena, Salt Lake City, Boise and Carson were finally agreed to in conference between the two houses of Congress on the morniag of March 4, 1913, after a protracted struggle between the House of Representatives, favoring the abolition of these offices, and the Senate, desiring to retain them. By the agreement the appropriations were cut below the cost of maintaining the offices on an efficient basis, and the appropriation for the transportation of buUion from the assay offices to the mints was cut far below the amount required for this purpose if aU of these offices are to be kept open on the usual terms. The department has had no alternative but to cease receiving buUion at these offices, except upon the condition that the buUion would be transported to the mints at the expense of the depositors. This condition has been comphed with to some extent, but the deposits at all of the minor offices have faUen off in consequence. If these offices are to be maintained at all, the appropriations should be sufficient for the employment of competent assayers and helpers to safely and promptly care for the bullion. The assayers are authorized to buy all of the gold bullion offered and to draw checks on the Treasury of the United States in payment therefor. This is an important responsibUity and should only be trusted with men of technical abihty and substantial character. The estimates submitted for the fiscal year 1914 are made upon the lowest possible basis consistent with the proper administration of these offices. 16726°—FI 1913 20 306 REPORT ON, THE FINANCES. EMPLOYEES AND EXPENDITURES OF THE MINT SERVICE, 1893-1913. The number of employees in the entire mint service on the 1st day of July, 1913, was less by 25 than on the 1st day of July, 1912. In this connection it will be interesting to note that the number of employees in the service is now considerably less than it was 20 years ago, although more offices are maintained and the volume of business is much larger. The number of persons on the pay roUs at each institution in 1893, 1912, and in 1913 are given below: Institution. July 1, 1893. Philadelphia.... San Francisco . Denver. . New Orleans.. Carson New York. Helena Boise St. Louis Charlotte. Deadwood Seattle Salt Lake Bureau 387 174 16 107 31 67 13 10 3 3 Total July 1, 1912. July 1, 1913. 333 124 93 14 8 89 8 10 329 115 93 14 5 92 6 5 18 3 5 19 6 14 5 19 4 14 829 726 701 The amount of business handled in each of the two years 1893 and 1913 is shown by the following figures: Item. Gold deposits Operating expenditures Income from charges, by-products, etc — Net operating expenditures Gold bars made for the arts Gold bars made for certificate reserve Coinage: Value Pieces .* Bulhon treated in refineries: Fine ounces.. 1893 $46,449,841 $1,344,006 $196,257 $1,176,620 $12,996, 491 $161,131,878 $1,175,750 $482,317 $693,433 $38,011,583 $101,677,121 $43,685,179 97,280,875 6,419,134 $37,539,375 195,070,039 11,501,736 The only faUing off shown by operations in 1913 from 1893 was in the value of the gold coinage, which was due to the law of 1911, aUowing gold bars to^ be carried in the certificate reserve. The number of pieces coined in 1913 was twice as many as in 1893, owing to the increased demand for the smaU coins. I t should be added t h a t in 1893 the one and five cent blanks were purchased of outside manufacturers, while in 1913 aU coins were made in the mints complete from the ingots. I t should also be said t h a t the wage scale averaged higher in 1913 than in 1893. These results were due for the most part to the introduction of improved equipment, much of it automatic machinery, and practically all of it developed within the mint service and buUt by the mint mechanics. DIRECTOR OF T H E M I N T . 307 GOLD CERTIFICATE BARS. At the close of the fiscal year refined gold bars, duly stamped with their weight, fhieness, and value, in accordance with the provisions of the act of Congress approved March 2, 1911, providing for the issue of gold certificates against gold bullion and loreign gold coin, were held at the several mints and the assay office at New York as follows: San Francisco Mint Denver Mint New York assay office ' Total $44, 887, 579.12 16,085,408.79 44, 887, 558. 45 105, 860, 546. 36 ESTIMATES FOR THE FISCAL YEAR 1915. The total of estimates for the mint service for the fiscal year 1915, including the bureau office in Washington, is $1,217,830, which compares with estimates of $1,222,270 for the fiscal year 1914 and appropriations for the latter year of $1,154,130. As already stated above, the appropriations for the support of several of the assay offices during the current year are too small to allow of their being conducted in a proper manner. Either the appropriations should be increased or the offices should be abolished. In making comparison between appropriations since the fiscal year 1912 with appropriations for prior years it should be understood that in former years the earnmgs from charges upon bullion were directly available for use in payment of expenses, thus supplementing the annual appropriations, while since 1912 all charges upon bullion have been paid into the general fund of the Treasury as a miscellaneous receipt. The charges during the fiscal year 1913, thus applicable under former practice to current expenses, amounted to $356,079.24. APPROPRIATIONS FOR 1913. The amounts appropriated for.conducting the mint service during the fiscal-year 1913 totaled $1,230,002.08, to which should be added the reimbursements for work done for the Philippine and Costa Rican Governments and for United States Government institutions, amounting^ to $44,277.11; also unexpended balances of permanent appropriations amounting to $13,353.35; this gives the total amount "availaole for use during the fiscal year 1913, $1,287,632.54. The expenditures from above funds (includuig the reimbursements noted) total $1,171,964.39, to which a few minor unsettled bills may be added. The unexpended balance totals $120,372.10, from which should be deducted deficiencies totaliag $4,703.95, giving net unexpended balances of $115,668.15. Of the unexpended balances $12,700.13 (permanent appropriation balances) continues to be available until used, and the remainder, $107,671.97, reverts to the surplus fund of the Treasury. The deficiencies occurred at the New York assay office and the Denver Mint-and were occasioned, principally, by losses of precious metals in refinery operations. In prior years such losses were paid frofQ the earnings; but, beginning with the fiscal year 1913, are now payable from our annual appropnations. 308 REPORT ON T H E FINANCES. Details, by institutions, are shown in the following tabulated statement: Appropriations, reimbursements, expenditures, and balances, all offices, fiscal year 1913. Appropriations. Items. Salaries. Oflice Director of M n t : A p p r o p r i a t e d for 1913 Expended Unexpended b a l a n c e . . . Mint a t P h i l a d e l p h i a : A p p r o p r i a t e d for 1913 Reimbursements U n e x p e n d e d b a l a n c e of p e r m a n e n t appropriation W a g e s of workmen. Contingent expenses. Equipment, New York assay office. Unexpended b a l a n c e . . . New machinery and apphances. Totals. $26,124.72 24,895.28 $4,800.00 3,708.32 $25,000.00 123,696.23 $55,924.72 52,099. 83 1,429.44 1,091.68 1,303.77 3,824.89 74,246.28s!;305.000.00 70,000.00 6,272. 68 10,563.79 449,245.28 16,836.47 74,245.28 311,272.68 80,563.79 71,652.84 300,170.30 72,309.71 Available for use Expended Freight on b u l lion a n d coin. 2,692.44 11,102.38 $4,873.24 4,873.24 4,873.24 470,954.99 444,032.85 4,873. 24 26,922.14 (5,211.40) 8,254.08 Mint a t San Francisco: A p p r o p r i a t e d for 1 9 1 3 . . . . . 54,300.00 122,500.00 40,000.00 18,212.20 9,106.09 II el m b u r s e m e n t s 216,800.00 27,318.29 54,300.00 140,712.20 49,106.09 48,262.57 118,208.65 27,927.85 244,118.29 192,398. 77 6,037.43 24,503.65 21,178.44 51,719.52 47,332.50 94,000.00 35,000.00 59.85 62.50 176,332.60 122.35 47,332.50 45,284.73 94,082.50 36,069.85 90,047.78 35,901.66 Available for use Expended Unexpended b a l a n c e . . . jS:int a t D e n v e r : A p p r o p r i a t e d for 1913 Reimbursements. U n e x p e n d e d b a l a n c e of permanent appropriation Expended . Unexpended' b a l a n c e . . . Assay office a t N e w Y o r k : A p p r o p r i a t e d for 1913 U n e x p e n d e d balance of p e r m a n e n t appropriation Available for use Expended .. 2,047. 77 60,422.78 4,014.72 2 811.71 343.01 176,797.86 171,234.07 343.01 5,563.79 190,422.78 80,000.00 60,000.00 $8,137.10 8,137.10 50,422.78 .'.. . . 49,642.20 80,000.00 60,000.00 8,137.10 663. 22 77,716.81 63,862.24 198,559.88 191,773.47 880.58 2,284.19 2 3,862.24 7,483.88 6,786.41 Unexpended balance... M i n t a t N e w Orleans: A p p r o p r i a t e d for 1913 Exnended Unexpended balance... M m t a t Carson City: A p p r o p r i a t e d for 1 9 1 3 . . . . . Assay office at Helena: A p p r o p r i a t e d for 1913 Unexpended balance... 10,300.00 7,900.00 7,600.00 7,079.70 3,500.00 2,104.49 2,400.00 420.30 1,396.51 6,350.00 6,360.00 6,200.00 4,779.60 3,000.00 2,037.02 1,420.60 962.98 10,400.00 8,800.00 6,500.00 5,194.75 3,260.00 2,884.88 1,600.00 1,305.25 365.12 1 Chargeable, as indicated tn parentheses, to the various offices. 343.01 343.01 21,300.00 17,084.19 (1,451.57) 4,215.81 16,560.00 13,168.52 (979.38) 2,383.48 (1,620.60) _ ' 20,150.00 16,879.63 3,270.37 2 Deficiency, $4,703.95. 309 DIEECTOE. OF T H E M I N T . Appropriations, reimbursements, expenditures, and balances, all offices, fiscal year 1913Con tinued. Appropriations. Items. Salaries. wWoar gk emseof n. Assay office at Boise: A p p r o p r i a t e d for 1913 Expended. $8,060.00 8,046.83 Unexpended balance... Assay office a t C h a r l o t t e : A p p r o p r i a t e d for .1913 Expended '. Unexpended balance.. Assay office a t Seattle: A p p r o p r i a t e d for 1913 Expended . 260.00 178.58 1,600.00 1,600.00 900.00 898.91 400.00 208.63 3.09 • 193.37 6,236.80 6,106.61 3,000.00 2,994.99 1,500-. 00 1,488.37 130.19 5.01 11.63 13,060.00 13,060.00 U n e x p e n d e d balance Assay office a t Salt L a k e City: A p p r o p r i a t e d for 1913 Expended . 7,100.00 7,100.00 Unexpended balance .. Equipment, New York assay office. $3,640.00 $2,600.00 3,290.00 2,323.44 4.17 U n e x p e n d e d balance Assay office a t D e a d w o o d : A p p r o p r i a t e d for 1 9 1 3 . . . ! . Expended ." Contingent expenses. 22,000.00 • 6,500.00 14,695.25 4,827.05 7,304.76 1,672.95 4,600.00 3,487.50 3,500.00 3,302.48 1,032.50 197.62 Freight New mao n bulchinery hon and and apcoin. phances. Totals. $14,090.00 13,659.27 ($1,103.13) 430.73 2,800.00 2,803.64 (35.06) 196.46 10,738.80 10,589.97 (3,804.00) 148. 83 41,650.00 32,572. 30 (8,802.66) 8,977.70 15,100.00 13,869.98 (688.55) 1,230.02 Totals, e n t h e service: 315,412.08 656,640.00 233,960.00 25,000.00 A p p r o p r i a t e d for 1913 1,230,002.08 44,277.11 24,547.38 19,729.73 Reimbursements U n e x p e n d e d balances of p e r m a n e n t appropria$8,137.10 $6,216.25 13,353.35 tions A v a h a b l e for use Expended 315,412.08 680,187.38 263,679.73 8,137.10 26,000.00 663.22 23,696.23 298,190.06 628,641.04 222,883.84 U n e x p e n d e d b a l a n c e . . . 17,222.02 53,646.34 30,796.89 17,483.88 6,216.26 1,287,632. 54 1,171,964.39 1,303.77 16,216.25 115,668.16 1 AvaUable for future use, $12,700.13. PARTING AND REFINING FUND. The balance in the parting and refining fund, which, prior to the fiscal year 1913, formed a permanent indefinite appropriation for the expense of parting and renning buUion, was on June. 30, 1913, $694,804.11. Against this there is a known encumbrance of $3,000. The remainder, $691,804.11, is to be covered into the Treasury as a misceUaneous receipt on June 30, 1914. The expenses of parting and refining bullion are now paid from our regular annual appropriations. CONSOLIDATED INCOME AND EXPENDITURES. A complete statement of the income and expenditures of the Treasury on account of the mint service, including seigniorage on the silver and minor coins, is shown in the statement foUowing. Consolidated statement of income and expenditures of the entire mint service for the fiscal year 1913. Compensation of employees: Mints and Assay Offices— Salaries appropriation Wages appropriation Bureau of the Mint, salaries appropriation. $273,494. 626,541. O Deductions on bullion deposits: Parting and refining charges Melting charges Assaying and stamping charges Alloy charges Fine-bar charges • $900,035.82 . 24,695.28 $924,731.10 Equipment, stores, and other expenses: Mints and Assay Offices— Contingent appropriation (Including $17,744.86 operating waste of precious metals and $7,032.81 loss on assay value of precious metals contained in operative sweeps sold) 219,175.62 Equlpmentof New York assay office, appropriation 653.22 Freight on bullion and coin shipments between mints and assay offices, appropriation 23,696.23 Bureau of the Mint, contingent appropriation. GO EARNINGS. EXPENDITURES. 243,524.97 3,708.32 247,233.29 $199,406.64 39,775.84 24,219.45 15,291.34 36,005.14 Special assays of bullion and ores Proceeds of sale of medals and proof coins Relmbmrsements to appropriations: Contingent. Wages. For manufacture of machinery and appliances for Government institutions $2,053.89 $2,504.32 For manufacture of medals 8,141.26 1,484.31 For manufactmre of Philippine comage 9,106.09 18,212.20 For manufactmre of Costa Rican coinage 428.49 2,346.55 19,729.73 24,547.38 Totals. $4,558.21 9,d25.57 2,775.04 Net revenues from mint service 365,442.99 806,521.40 1,171,964.39 Seigniorage: On subsidiary (silver) coinage $1,618,475.17 On minor (nickel and bronze) coinage $3,583,256.87 LessOperating waste $1,819.82 Cost of distribution 24,692.95 26,512.77 3,556,744.10 Surplus bullion recovered: From deposit melting room grains and sweeps From coining operations From" melting and refining operations From gain on shipment (difference in assays) Less losses on shipments $739.27 .215.97 Gain on light weight gold coin purchased for recoinage. Proceeds of sale of byproducts (platinum, etc.) :. Proceeds of sale of old materials 5,291,896.« O 44,277.11 1,171,964.39 16,521.40 O 27,318.29 Total earnings Net expenditures, to profit and loss statement, below. Net expenditures, from earnings and expenditmes statement, above . . . . $6,330.88 Loss on face value of minor coins recoined . . . . 1,263.16 Less seigniorage on recoinage of minor coin $314,698.41 3,496.40 2,971.07 W ^ > O $5,175,219.27 33,279.15 203.27 11,156.59 45,162.31 66.71 69,735.03 . 1,713.66 5,291,896.98 311 DIRECTOR OF T H E MINT. DEPOSITS OF GOLD BULLION. The value of aU gold bullion contained in original deposits at the mints and assay offices during the fiscal year 1913 was $161,131,878. The. redeposits during the year, consisting of buUion transferred from one office to another, and bars bearing the stamp of one of the mints or assay offices, amoimted to $27,937,471. The value of the gold buUion and uncurrent domestic and foreign coin received, including redeposits, amounted to $189,069,349, which was the total of gold receipts at aU offices. Statements which show the classification of deposits, the source of domestic bulhon by States and Territories, and the receipts at the several offices of the service appear in tabular form in this volume elsewhere. DEPOSITS OF FOREIGN GOLD BULLION AND COIN. Foreign gold bulhon containing 1,547,317 fine ounces, of the value of $31,985,879, and foreign gold coin containing 132,172 fine ounces, of the value of $2,732,228, were deposited, and consisted of bullion and coin produced in the following-named countries: Crude bullion. Refined b u l h o n . Coin. , Country. Fine ounces. 51,235 545 126,781 903 26,388 82,769 148,474 233 British Columbia Northwest Territory Ontario a n d Quebec N o v a Scotia Mexico Central America South America West Indies Great B r i t a i n Austraha Canada S o u t h Africa Russia Germany France Spain Holland Sweden Turkey Japan • A u s t r i a - H u n gary Other Total Coining value. $1,059,121 11,268 2,620,382 18, 687 545,488 1, 710,986 3,069,230 4,817 ^356 7,359 437,684 9,047,316 Fine ounces. Coining value. Fine ounces. Coining value. 9,802 $202,624 435,281 8,998,057 2,180 142 •6,673 $45,064 2,935 116, 204 664,570 13, 737,881 206 280 10 21 6,954 1,119 27 24,661 20 14 199 91,607 36 123 4,258 5,788 206 434 123,079 23,130 568 509 788 413 289 4 113 1,893,683 744 2,542 1,109,653 22,938,662 132,172 2,732,228 DEPOSITS AND PURCHASES OF SILVER. The deposits of sUver at the mints and assay offices during the fiscal year ended June 30, 1913, for return to depositors in fine or unparted. bars, with the weight and fineness stamped thereon, aggregated 2,238,284.41 fine ounces. The United States assay office at New York received the greaiter part of these deposits. The Government of the Philippine Islands deposited at the United States mint at San Francisco silver coins issued under the act of March 2, 1903, containing 342,054 fine ounces, for recoinage into coins of reduced weight and fineness as authorized by the act of June 23,1906. 312 REPORT ON T H E FINANCES. , ># The purchases and deposits of silver buUion at the mints and assay offices of the United States during the fiscal year 1913 were as follows: Items. F i n e ounces. Commercial b a r s p u r c h a s e d Unrefined deposits, p a r t i n g s , charges, a n d fractions M u t i l a t e d a n d u n c u r r e n t coins Assay coins a n d s u r p l u s b u l h o n F o r r e t u r n of fine b a r s _ P h i h p p i n e coins transferred for recoinage Total Cost. 1,287,791.07 488,852. 62 1,764. 58 1,784. 74 2,238,284.41 342,053.53 $787,041.00 297,166.13 1,072.28 1,068.45 1,358,845.79 335,381.41 4,360,330.93 2,780,575.07 DEPOSITS OF FOREIGN SILVER BULLION AND COIN. Foreign sUver bullion containing 624,215 fine ounces and foreign silver coin containing 17,010 fine ounces were received from various countries as follows: Country of origin. B r i t i s h Columbia Northwest Territory Ontario a n d Quebec N o v a Scotia Mexico West Indies Central America S o u t h America China S o u t h Africa Spain Other . .. Crude bulhon. Refined bulhon F i n e ozs. 13,090 129 25,141 65 384,005 75 81,944 133,652 117 12 F i n e ozs. Coin. F i n e ozs. 1 1 1 5,9S5 3,550 1 523 11,937 618,230 Total 5,985 17,010 COINAGE. The domestic coinage during the fiscal year 1913 amounted to 186,626,871 pieces of the value of $37,496,529.70, as foUows: Philadelphia. San Francisco. Denomination. Pieces. Gold: D o u b l e eagles Eagles Half e a g l e s . . Q u a r t e r eagles T o t a l gold Silver: Half dollars Q u a r t e r dollars Dimes T o t a l silver Minor: 5-cent nickels. 1-cent bronze Value. Pieces. Value. 176,091 743,050 1,340,099 810,185 $3,521,820.00 7,430,500.00 6,700,495.00 2,025,412.50 66,000 800,000 $660,000.00 4,000,000.00 3,069,405 19,878,227.50 886,000 4,660,000.00 1,074,236 4,104,235 3,730,235 537,117.50 1,026,058.75 373,023.50 708,000 40,000 480,000 354 000 00 10,000.00 48,000.00 8,908,705 1,936,199.75 1,228,000 412,000.00 43,727,371 95,748,390 2,186,388.55 957,483.90 2,852,000 6,104,000 142,600.00 61,040.00 T o t a l minor 139,475,761 3,143,852.45 8,958,000 203,640.00 T o t a l coinage 151,453,871 24,758,279.70 11,050,000 5,275,640.00 313 DIEECTOB OF T H E M I N T . Denver. Total. Denomination. Pieces. Value. Pieces. Value. C.olCi: O o u b l e eagles Eagles Half eagles Q u a r t e r eagles 286,000 $5,720,000.00 462,091 809,050 2,140,099 810,185 $9,241,820.00 8,090,500.00 10,700,495.00 2,025,412.50 T o t a l gold 286,000 5,720,000.00 4,221,405 30,058,227.50 2,200,000 1,100,000.00 3,982,235 4,144,235 4,210,235 1,991,117.50 1,036,058.75 421,023.50 Silver: Half dollars Q u a r t e r dollars Dimes T o t a l silver 2,200,000 1,100,000.00 12,336,705 3,448,199.75 Minor: 5-cent nickels. 1-cent bronze 10,658,000 10,981,000 532,800.00 . 109,810.00 57,235,371 112,833,390 2,861,768.55 1,128,333.90 T o t a l minor 21,637 000 642,610.00 170,068,761 3,990,102.45 T o t a l coinage 24,123,000 7,462,610.00 186,626,871 37,496,529.70 The approximate amount of copper used tn the above coinages was 819.142 tons, of which 5.539 tons were used in alloying gold and 9.502 tons in alloying silver, whhe 804.101 tons were used in minor coinage. In addition to the regular coinage there were manufactured at the mint at Philadelphia sUver coins for the Government of Costa Rica, as follows: Denomination. Silver: 10 centavos . 5 centavos '. Pieces. . . . Total Value. Value in United States subsidiary coin. Silver consumed in coinage. 287,783 535,565 Colons. 28,778.30 26,778. 25 $21,422.63 21,422.62 F i n e ozs. 15 496.59 15,496. 59 803,348 53,656.55 42,845.25 30,993.18 For the government of the Philippine Islands the mint at San Francisco manufactured silver and bronze coins as foUows: Denomination. Pieces. Value. Value in United States subsidiary coin. Silver: Pesos 20 centavos 10 centavos 385,000 743,565 1,510,265 Pesos. 385,000.00 $270,167.23 148,713.00 99,168.60 151,025.50 104,460.05 T o t a l silver Bronze: 1 c e n t a v o . . 2,638,820 5,001,000 684,738.50 50,010.00 T o t a l coinage 7,639,820 734,748.50 1498,790.78 1 Value in United States minor coin. 473,785.78 125,005.00 2 Troy ounces. M e t a l consumed in coinage. F i n e ozs. 195,432.22 71,728.78 75,563.79 342,724.79 2 833,500.00 S14 REPORT ON THE FINANCES. PURCHASE OF MINOR COINAGE METAL. There were purchased during the year" 14,834,078.26 ounces, avoirdupois, of minor coinage metals, at a cost of $202,493.32, which was dehvered at the coinage mints as foUows: Philadelphia. San Francisco. Metal. Ounces. Copper Tin Zinc . Nickel Total Cost. Ounces. Cost. 8,753,901.62 $102,673. 44 298.827.09 1,458,397.49 1,548.92 37,930.66 583, 333. 33 17,995.83 15,472.91 218,749.99 $7,180. 00 632 42 • 68 98 5,893. 60 10,611,126.20 142,063.02 835,662.06 . 13,754.98 Denver. Total. Metal. Ounces. Copper Thi Zmc Nickel.. Total .• •-. Cost. Ounces. Cost. 2,916,754.16 46,136.42 88.010. 42 437; 500. 00 $32,750.91 12.253,989.11 1,666.38 63,131.25 512. 99 402,310. 42 11,855. 04 2,114,647. 48 $142,484.35 2,198.80 2,130.87 55,679.30 3,487,400.00 46,685.32 14,834,078.26 202,493.32 Minor coinage metals were purchased, during the fiscal year, for Philippine coinage for delivery at San Francisco Mint: Metal. ' Copper. Tin Zinc Ounces. •-. - Total Cost. 874,708.33 29,895.83 30,245. 83 $10,076. 64 1,048.37 134. 60 934,849.99 11,259.61 PURCHASE OF MINOR COINAGE BLANKS. There were purchased during the year 499.40 pounds of prepared nickel blanks at a cost of $149.82; and 1,368.79 pounds of prepared bronze blanks at a cost of $273.76, for delivery at the Philadelphia Mint. DISTRIBUTION OF MINOR COINS. The amount of minor coins distributed was $4,139,066.40, and the expenses for distribution, including cost of bags, twine, seals, and tags, were $24,992.95, as foUows: Denomination. 5-cent nickels 1-cent bronze Total distribution. E x p e n s e s of d i s t r i b u t i o n : Transportation Bags Seals Drayage... Total Frora Philadelphia. $2,433,954.25 878. 427. 42 F r o r a San Francisco. From Denver. $77,152.90 $557,146. 75 53,967. 24 138.417.84 Total. $3,068.263.90 1,070,812. 60 3,312,381.67 131,120.14 695,564.59 4,139.066. 40 8, 739. 56 3,370.20 465. 00 254. 70 11,390. 79 754. 70 18.00 20,130. 36 4,379.60 466.00 18.00 12,574. 76 254. 70 12,163.49 24,992.95 315 DIRECTOR OF THE MINT. Minor coinage issued, melted, and amount outstanding. Denomination. Corned. Philadelphia: Copper cents Copper half cents Copper-nickel cents Bronze 1-cent pieces Bronze 2-cent pieces Nickel 3-cent pieces Nickel 5-cent pieces $1,662,887.44 39,926.11 ,.. 2,007,720.00 21,339,296.73 912,020.00 941,349.48 38,102,724.60 TotaL Issued. $1,562,887.44 39,926.11 2,007,720.00 21,187,221.33 912,020.00 941,349.48 37,239,048.96 64,906,923.36 63,890,173.31 San Francisco: Nickel 5-cent pieces Bronze 1-cent pieces - Outstanding, June 30,1913. $380,887.22 $1,182,000.22 39,926 11 1,203,543.56 20,732,304.73 571,826.68 657,601.53 33,853,989.45 804,176.44 454,916.60 $152,074.40 340,393.32 283,847.95 863 675.65 3,385,069.50 1,015,760.05 6,649,281.03 58,240,892.28 77,152.90 198,433.34 65,447.10 20,688.66 77,162.90 198,433.34 361,620.00 276,586.24 86,033.76 275,586.24 765,600.00 254,540.00 675,747.25 234,448.34 189,862.75 20,091.86 31,700.00 1,400.00 544 047 25 233,048.34 1,020,140.00 810,196.59 209,944.41 33,100.00 777,095.59 "^ Total 66,287,683.36 64,975,965.14 Grand total Melted. 142,600.00 219,020.00 Denver: Nickel 5-cent pieces . Bronze 1-cent pieces Total On hand. 1,311,728.22 5,682,381.03 59,293,574.11 The uncurrent minor coins melted at the mint at Denver are not necessarily of the former coinage of that particular mint. PHILIPPINE COINAGE. The following coinage was executed during the fiscal year 1913 at the United States mint at San Francisco for the Philippine Islands Government: • Denomination. silver: Pesos 20 centavos 10 centavos - Total silver Bronze: 1 centavo - Total coinage P eces. Consumed in coinage. 385,000 743,566 1,510,255 Fine ounces. 196,432.22 71,728.78 76,663.79 2,638,820 342,724.79 5,001,000 Troy ounces. 833,600.00 7,639,820 The total silver coinage to June 30, 1913, from coins received from Phihppine Islands for recoinage and from bullion purchased for such coinage was as follows: Denomination. Pesos 60 centavos 20 centavos 10 c e n t a v o s . . . Total Coined from new bullion, actsofMar.2,1903,and June 23,1906 Pieces. 93,445 3,342,126 3,668,152 6,077,392 13,179,115 Coined from Philippine coin received for recoinage, act of June 23, 1906. Total. Fine ounces22,124,705.00 534,382.25 411,240.02 289,171.75 Pieces. 43,008,504 5,478,126 7,680,476 11,642,647 Fine ounces. 22,172,773.11 1,340,252.38 764,840.38 582,253.96 1,500,620.81 64,630,638 123,359,499.02 67,809,753 24,860,119.83 Fine ounces. Pieces. 48,068.11 42,915,059 805,870.13 2,138,000 353,600.36 4,014,324 293,082.21 5,566,265 1 Included iu this amormt is 12,542.29 fin© ounces of coins reserved for assay. 316 REPORT ON WORK OF THE THE FINANCES. GOVERNMENT REFINERIES. BuUion was operated upon by the refineries connected with the mints at San Francisco and ^Denver and the assay ofiice at New York, during the fiscal year 1913, as follows: S e n t to refinery. „ R e t u r n e d from refinery. Institution. Shver. Gold. San Francisco Denver New York Total Gold. silver. Firie ozs. 868,064.252 1,711,670.548 4,164,629.661 F i n e ozs. 246,614.33 1,276,561.06 3,254,406.01 F i n e ozs: 868,338.613 1,711,490.188 4,163,866.791 F i n e ozs. 249,741.00 1,276,917.20 3,251,928.48 6,724,164.461 4,777,571.40 6,723,695.572 4,778,686.68 A p p a r e n t gain. A p p a r e n t loss. Institution. Shver. Gold. F i n e ozs. 274.381 San Francisco. Denver NewYork F i n e ozs. 3,128.67 386.14 274.361 Total Gold. Silver. F i n e ozs. F i n e ozs. 3,492.81 80.380 662.870 2, i l l . y63 743.250 2,477.53 NOTE.—Refinery operations were suspended at the PhUadelphia Mint and the equipment was removed to the assay office at New York. Bullion upon which charges were collected and bullion owned by the Government. Bullion u p o n w h i c h charges for p a r t i n g were collected. Institution. « San Francisco Denver NewYork Total Gold. Silver. Bullion o w n e d b y t h e Gove r n m e n t retained b y t h e refinery for p a r t i n g ' p u r poses on w h i c h no charges were Imposed. Gold. SUver. Total. Gold. Silver. F i n e ozs. 329,098.180 1,244,893.041 1,605,399.972 F i n e ozs. F i n e ozs. 528,968.072 163,097.80 466,877.507 604,263.81 2,678,434.26 2,649,129.689 F i n e ozs. F i n e ozs. 183,516.53 858,064.252 672,563.39 1,711,570.548 575,97L75 4,154,529.681 F i n e ozs. 246,614.33 1,276,917.20 3,254,406.01 3,079,391.193 3,445,795.87 3,644,773.268 1,432,041.67 6,724,164.461 4,777,937.54 BY-PRODUCTS OF R E F I N E R I E S . Institution. San Francisco Denver. New York Total Electrolytic copper. Sponge p l a t i n u m . Sponge p a l l a d i u m . Pounds. 3,085.50 477.50 Value. $516.82 506.93 Value. Ounces. $895.99 205.74 58.20 2,328.00 1,403.00 69,712.09 Ounces. Value. 10.16 18.10 $406.00 760. 20 3,563.00 1,023.75 1,686.94 62,936.08 28.25 1,166.20 Osmhidlum, Total. Ounces. Value. 0.35 $1,400 Value. $1,428.81 3,240.93 60,472.29 .35 1,400 65,140.03 DIRECTOR OF T H E 817 MINT. EXCHANGE OF FINE GOLD BARS FOR GOLD COIN AND GOLD'BULLION. The value of the fine gold bars exchanged for gold coin and buUion, monthly, by the United States Mint at Philadelphia and assay oflSice at New York for the fiscal year 1913 was as follows: E x c h a n g e d for gold b u l h o n . E x c h a n g e d for gold coin. Months. Philadelphia. New York. $467,967.42 $5,782,225.55 $6,260,182.97 661,170.19 2,436,562.36 2,997,732.55 725,096.19 2,683,582.01 3,408,658.20 526,822.18 3,632,890.69 4,069,712.87 394,968.02 2,671,164.94 2,966,132.96 222,68L10 2,241,919.53 2,464,600.63 $17,616.26 17,695.12 16,824.24 20,084.60 22,303.26 16,634.05 $361,667.89 341,460.79 298,684.26 377,788.37 397,780.42 302,556.61 $379,074.15 359,146.91 316,508. 50 397,872.97 420,083.68 319,190.66 2,818,265.87 3,044,978.58 3,436,186.24 3,887,887.45 15,666,340.65 16,120,860.80 2,936,730.49 3,448,539.36 14,699,297.30. 15,193,749.91 2,822,345.19 3,278,708.58 20,621.26 20,452.30 15,95L98 22,034.32 21,756.60 22,181.67 329,080.96 246,888.77 314,913.71 313,685.61 311,488.78 278,772.59 349,682.20 267,341.07 330,866.67 335,719. 83 333,245.38 300,954.26 6,696,042.13 61,425,490.72 67,121,532.85 234,055.63 3,874,628.66 Philadelphia. New York. Total. Total. 1912 July August September.. October November.. December... 1913 January February... March April May Jime 426,712. 71 462,701. 21 454,310.25 512,808. 86 494,452. 61 466,361.39 Total. 4,108,684.28 MINT OF THE UNITED STATES AT PHILADELPHIA. This mint was in operation throughout the year. P R O O F COINS A N D M E D A L S . The following table shows the number of proof coins and medals and their nominal value manufactured during the fiscal year: Pieces. Nominal value. Articles. Gold medals Silver medals Bronze medals Gold proof coins Silver proof coins Minor proof coins .- ^ Total 164 $7,375.20 574 1,384.70 7,751 3,463.49 340 2,860. 00 780 221. 00 4,012 120.36 13,621 16,424.75 T H E STATE OF T H E NUMISMATIC COLLECTION. Although for the fiscal year just past the numismatic coUection has not had the usual smaU apj)ropriation for the purchase of historical coins and medals, yet the increase of the number of specimens in the coUection has not faUen much short of the normal aggregate of accessions in late years. And if the cost and historical value of the couis acquired the past year be taken into consideration the cabinet has fared unusually weU. ^ These favorable results in a year that opened so inauspiciously are directly due to the action of the officials of the Treasury JDepartment in placing with the cashier of the mint a considerable number of gold coins which commanded a premium amo'ng coUectors. The most of 318 REPORT ON THE FINANCES. these pieces were disposed of and the premium received used for the purchase of coins and medals. A few of the eagles are stUlin hand. Persons interested in the welfare of the cabinet of coins, and there are many who are interested in it, wiU feel grateful to the oflS.cials who made this continued growth possible by a wise use of a number of coins which eventu.aUy would have slowly dribbled into private possession at face value. A cause of no little, gratification has been the sale of the large catalogue of the collection pubhshed in 1912. Numismatic pubhcations are of such narrow appeal that the sale of even the customary small editions is generaUy very slow. The ready exhaustion, therefore, of the first edition of this unpretentious catalogue foUowed by the sale of nearly all of the second edition is more than was expected. There has been prepared during the past year a small guide book for the coUection, a pamphlet of little more than a hundred pages. This guide is sold at 10 cents. I t was prepared with a view of meeting the demands of visitors as their desires have been ascertained by the interest they manifested and the questions they asked. The guide can be mailed for 2 cents postage. MACHINE SHOP. In addition to the regular repairs and upkeep of the machinery and appliances, the foUowing new work was done for this mint: 4 tumbhng barrels of washing machine; 3 scrap cutters; metal work of 2 coinreviewing machines; 5 sets of old-style nickel molds; 1 six-foot balance for transfer weigh room; 2 twenty-five horsepower roUing miUs changed to fifty horsepower; 1 six-inch lever shear; 4 beds and punches for cutting 6 bronze planchets; 4 beds and punches for cutting 5 nickel planchets; 2 centrifugal coin-drying machines instaUed in minor coinage plant; 8 coUars for dime coinage; 588 coUars for nickel coinage; 103 coUars for bronze coinage; 4 sectional collars for eagle coinage; and 2 sectional coUars for double-eagle coinage. There are also 2 automatic weighing machines under construction in the shop, about 50 per cent of the work on which is completed. During the same period the following work was done in the shops for the various mints and assay oflBices: Mint of the United States at San Francisco, Cal.: Special screws for automatic weighing machine; 30 coUars for nickel coinage; 10 coUars for bronze coinage; 10 coUars for dime coinage; 5 coUars for haUeagle coinage; and 15 coUars for Philippine coinage. Mint of the United States at Denver, Colo.: 12 coUars for bronze coinage; 30 collars for nickel coinage; 1 set of double-eagle dressing tools for mUhng machine; 25 center-knife edges and 50 end-knife edges for automatic weighing machines; 20 beams complete for automatic weighing machines; 25 basket traps for automatic weighing machines; 25 basket backs for automatic weighing machines; and 25 kickers for automatic weighing machines. United States assay ofiice at New York, N. Y.: 1 bullion-clipping machine; 1 pair of long couplings for vertical rolhng mill; 8 silver disks for Smithsonian Institution; 30 silver disks for Geological Survey; and 22 silver disks for Bureau of Engraving and Printing. DIRECTOR OF THE M I N T . 319 There have been designed and built 4 rotary baU-bearing turntables and 44 ingot molds. The turntables are made up of 2 six-foot castiron disks. The bottom disk is the ball race, which carries 146 oneinch diameter hardened steel baUs. The top disk has a cone which fits the bottom race. On the top disk are mounted 11 ingot molds equally spaced on a four-foot six-inch circle in an upright position. The molds will produce either a nickel or bronze ingot 24 inches long, 4i inches wide, three-quarters of an inch thick. The back half, or, in other words, the plain part of the mold, is bolted fast to the table, and the half that carries the ingot swings down to an angle of 45° on two trunnion bearings which are bolted to the table. The locking device for clamping the mold wliile the ingot is being poured is four links connected to the stationary part of the mold with a loose bolt. The other end of the hnk carries two eccentric pressure bars which clamp on three lugs equaUy spaced on the mold. The one end of each hnk carries an eccentric bushing which can be adjusted to take up any expansion or contraction. This principle eliminates aU handling and lifting of the mold. Q CARPENTER SHOP. Besides the general repairs and upkeep of the machinery and appliances, the following work was done by the chief carpenter and his assistants during the year: The tar or mastic appUed to the roof to stop leaks would not adhere to the glazed tiles and formed regular water pockets. This was all removed, the roof painted and covered with painted mushn, and the joints filled up with plastic cement, which proved very satisfactory. The same method was applied as new leaks appeared. Eleven ventilating monitors were built on the northwest terrace roof to give light and ventilation to the basement, in which the new minor-coinage plant is installed. Three of these monitors, which were crushed by falling stone when the building was struck by lightning, were rebuilt. The room on the second floor formerly occupied by the electrician was fitted up as a telephone exchange. The partitions between this and the counting room were fined with beaver board to deaden the sound of the noise made by the counters, which proved very satisfactory. A new wardrobe for the operator was built. The new minor-coinage plant was equipped with all necessary water and acid tubs, vats, and tanks, 20 extra large copper-lined strip cars, switchboards, etc. Two new coin-reviewing machines were built and some very important improvements made bn them. The 'same improvements Were made on the six older machines. One counting hopper and eleven counting boards, of the following denominations, were made for the subtreasury at St. Louis, Mo.: Two 1-cent boards, two 5-cent boards, two dime boards, two quarterdollar boards, two half-dollar boards, and one 1-dollar board. All patterns for new machinery," etc., were made in this department. 320 REPORT ON THE FINANCES. SEWING ROOM. The sewing room, besides making the necessary repairs to fiags, awnings, window shades, rugs, machine belts, etc., manufactured for this mint 957 pairs asbestos mitts; 1,496 pairs fire mitts; 5,222 aprons, sleeves, and miscellaneous articles, and. 122,450 coin bags received from contractor were marked. There were also manufactured for the New York assay office 656 pairs canvas mitts, 194 pairs asbestos mitts, and 22,500 anode bags. For the mint at San Francisco, 206 pairs fire mitts, 118 pairs asbestos mitts. For the assay ofiice at Deadwood, 4 pairs asbestos mitts. For the assay ofiice at Boise, 12 pairs asbestos mitts. For the assay oflice at Helena, 12 pairs asbestos mitts. ASSAYING DEPARTMENT. The operations of this department during the fiscal year 1913 were as follows: ^ Samples operated on. Item. Deposits.. Ingots Fine melts Bullion assay samples...-.... Superintendent's grain bars.. Assayer's bars Melter's bars Sweep samples SUver-purchase bars.' Gold. SUver. 3,859 660 12 684 325 Gold and silver. 225 79 41 45 27 376 Total. 4,531 989 793 The number of assays made was as follows: Deposits and purchases Ingots (gold and silver) Special assays ,. Miscellaneous assays, bronze and nickel SUver purchases OU tests — 39,920 3,488 2,724 1.. 529 392 23 Total 47,074 The average cost per assay during the year was $0,469. I n addition to the above, 490 ounces of proof gold and 300 ounces of Droof silver were made. Of the 660 melts of gold ingots made in the melting and refining department, 90 were returned for remelting and 1 was condemned. Of the 325 melts of silver ingots, 1 was returned for remelting. The fineness of the gold melts passed was: 11 melts at. 30 melts at 116 melts at 174 melts at 171 melts at 64 melts at 3 melts at 569 900.2 900.1 900. 0 899. 9 899. 8 899. 7 899.6 The fineness ofthe silver melts passed was: 899.75 7 melts at . 899.5 43 melts at . 899.25 47 melts at 899. 109 melts at . 898.75 52 melts at 898.5 41 melts at ... . 898.25 14 melts at . 898 11 melts at 321 DIRECTOR OF T H E M I N T . MELTING AND REFINING DEPARTMENT. Dming the fiscal year^ 660 gold-ingot melts were made, making a total charge to the melting pot of 2,066,745.994 fine ounces. There was 1 melt condemned. Out of this quantity of bullion melted, the loss found at settlement amounted to 26.421 fine ounces, or 1.27 p.er cent of legal allowance based on actual charge. I t has been the custom here for years past to make gold-ingot melts to the full capacity of the No. 70 crucible, which amounts to approximately 6,000 ounces gross of standard metal. We find, however, if our basis of coinage metal is not electrolytic gold but uncurrent coin, and fine gold lower in fiuaeness than 998, that, owing to impurities, segregation troubles this department greatly on these large melts, and great difficulty is experienced in getting an ingot melt of uniform composition. In order not to reduce our melting capacity or increase labor, we decided to melt the same amount of metal per pot, but stir the charge twice, treating it as two melts. In other words, when full pot is ready for dipping, use plunger 100 strokes and dip half out of ot, giving this half a number; then again using plunger on second alf 100 times and giving this second half of the melt a number. In this way a smaller volume is expected to be uniform and is more easily mixed, and results prove the benefit of this method in reducing the ounces remeited. In silver there were 325 melts made, none condemned, making a total charge to melting pots of 1,013,263.95 fine ounces. Upon settlement of the accounts of this department a gaia in silver of 355.46 ounces was found, which in no way removes the fact that a loss of 87 ounces in melting was suffered. During the fiscal year this department received from the superintendent bullion containing 1,993,067.302 fine ounces in gold, the coinage value being $41,200,357.57. The silver contents of buUion received contained 1,818,499.04 fine ounces, of the coinage value of $2,513,909.14. The melts made aggregate as foUows: E Melts. Bars. Gold Silver Bronze Cupro nickel.. Total 16726°—Fl 1913 21 Ingots. ConRemelts. demned. 23 34 640 280 3,519 4,123 86 1 1 57 8,562 87 1 Good ingots. Ounces. 1,935,752.905 986,410.35 11,978,490.60 12,127,186.30 27,027,840.165 322 REPORT ON THE FINANCES. During a nine days^ run,including overtime to 10 p.m., from March 20 to 29, inclusive, working three gangs of men, 10 sets of molds, 12 and 13 furnaces, 12 men to gang, the results in melting cupro nickel were as follows: N u m b e r of— W e i g h t of Ingots m a d e . Date. Mar. 20 '. 21. 22 24. 25 26. 27 28. 29 .. Total D a i l y average Melts. Ingots. 61 61 61 61 81 58 84 59 64 2,829 2,810 2,837 2,843 2,836 2,811 2,918 2,777 2,925 Ounces. 192,150.60 190,688.40 192,387.30 192, 704. 50 192,388. 60 176,120.00 197,108.60 187,710. 60 197,192.40 548 26,385 1,718,446.90 80.9 2,820 5 190,938.54 The total amount of ingots poured (25,385) in this time amounts to the large weight of 59 tons. Sweeps cellar operations. Departments. K m d treated. Recoveries: / G o l d a n d silver Melting a n d refimmg. \ M i n o r coin m e t a l S u p e r i n t e n d e n t ' s — Gold a n d silver Coming do do U n i t e d States assay office, N e w Y o r k . Total Number barrels. 40 Gold SUvei. Ounces. .81.382 Ounces. 296.58 12 6 88 58.298 18.368 189.468 80.83 62.04 636.69 128 346.606 1,065.14 Bronze. Cupro nickel. Ounces. Ounces. 15,822.55 31,261.70 15,822.55 31,261.70 In treating the broken crucibles, burned out refractories, and drosses from the minor coinage meltiag operations, the larger material is put through the crusher, then it is fed, together with the smaller refuse, into the Ellspass mill and crushed in the wet way. The more or less large pellets remaining upon the pan of the mUl are saved; the resultiag fine material, or tailings, is thrown away. The value of the metals saved by thus treatiag these waste materials was upward of $800. The cost to recover same ia labor, power, and maintenance was not half this amount. Since the refinery operations have been discontinued here and the bulk of the old equipment sent to New York, we have found it greatly to our advantage to separate the precious-metal operations from that of the minor coiQage metals by using for gold and sUver nigot purposes the furnaces left vacant by the closing of our refinery. These five furnaces are connected to a settling chamber, and this room being far removed from our regular melting room, and being of ample size, gives convenient facilities for handliag this branch of ingot making without any risk of contaminating the preQiQus metals. DIRECTOR OF THE MINT. 323 The first instaUation of the new large molds on turntable for bronzeingot making has been put in successful' operation. This change enables us to cast a melt of 3,200 ounces into ingots (24 b y 4|- by | inches) in four minutes. I t is proposed that one turntable, holding 11 molds, will serve two furnaces, with two melters pouring together and three men manipulating molds and ingots, as follows: Two melters pour simultaneously, table then turned until next mold is in position for filling; first helper opens up mold and releases ingot, second helper picks up ingot, conveys it to pickling and coohng tanks, while third helper removes pellets and slivers and greases, closes, and clamps mold. As a heat can be taken off this way in 5 minutes, an actual saving of 10 minutes is eft'ected on each melt, or 50 minutes in a day^s work per furnace, which can be utilized toward getting more metal melted. These ingots in bronze weigh 23 pounds, or about six times what our small ingot weighs, making 10 to a heat, in place of 60 of the smaller ingots. The filing is slightly heavier than on tlie small ingots, but in linear measure is 40 feet, as against 120. The topping is done on heavy shears made in mint machine shop and placed in position on melting-room fioor this fiscal year. This large shearing machine is a valuable acquisition, for it is no little trouble to top the large ingots and shear copper bars and zinc slabs to any size desired. Four such turntables are soon to be put in place on meltingroom fioor; these will serve the present coinage requirements for large ingots. This department has been on the lookout for an oil-burning furnace for the past two years, and this fiscal year tested four dift'erent makes, with a view of recommending the equipment that together showed low fuel cost per 1,000 pounds of metal melted with practical and suitable furnace details for our special requirements. The results of our tests showed a wide variation in fuel consumption, running from $4.77 per 1,000 pounds of cupro nickel melted up to $10. This is based on oil at 9 cents per gallon, an extremely high, price, b u t the cost to us at this time in 6-barrel lots. The furnace showing lowest oil consumption per 1,000 pounds of metal melted was of the pit type, and upon our melting-room floor stood too high and rendered dipping extremely difficult. Not one of these furnaces fulfilled our requirements, and up to date no recommendation has been made. A modified furnace is still awaiting a test, which we hope to run as soon as a little let-up can be indulged in. I n the meantime, due to poor and inconstant results with our present furnaces on account of high price and low quality gasoline, we made some tests using city gas as fuel. We found that our present furnaces with but little alteration could be adapted to this illuminating-gas fuel, and by using same show a saving over gasoline fuel and secure uniform melting periods for our dift'erent metals, which constancy and -convenience appealed so strongly to us as to warrant a recommendation that city gas fuel be used. This recommendation being approved, we are now in the position of being promised a fuel entirely satisfactory, in so far as convenience, sufficient heat units, and suitability for our melting-room requirements are concerned. On the other hand, oil fuel is cheaper, though the life of furnace parts is shorter and punishment to melters much greater; how much cheaper, and if better, when everything is considered, we hope to determine next year,. - 324 REPORT ON T H E FINANCES. Minor coinage metal operations. During the year the melting and reflning department received from the superintendent minor coin metal Delivered prior to settlements: Cupro nickel Bronze Troy ounces, 27,700,946.72 Troy ounces. 11,730,196.90 11,776,770.90 23,506,987.80 Delivered at settlement June 14,1913: Bronze mgots, small Bronze mgots, large Bronze grains Cupro nickel ingots, small Cupro nickel ingots, large Cupro nickel residue Cupro nickel grains Cupro nickel cubes. Ingot copper SUicon copper Thi Zmc , Troy ounces. 198,359.20 3,360.50 , 3,830.50 373,926.60 •... 22,962.80 6,274.80 2,501.00 784,758.33 2,243,937.50 720.30 229,551.75 233,482.02 4,103,665.30 27,610,633.10 Total loss F h s t loss, Aug. 23, 1912 90,313.62 9,070.30 Second loss, June 14,1913 81,243.32 Receipts and deliveries by the superintendent of the melting and refining department, June 30, 1913. Minor coinage m e t a l a c c o u n t . Gold-account. Items. Receipts: S e t t l e m e n t m e t a l J u n e 30,1912 Deposits a n d p u r c h a s e s Clippings Transfers from N e w Y o r k . Treasury purchases Silver p u r c h a s e s b y Costa R i c a Certificate b a r s F i n e bars Medal clips, Ingots, e t c U n c u r r e n t coin Silver p u r c h a s e d for m e d a l s . . . . Coiner's, residues, a n d grain b a r s . . . Assayer's proof I n g o t Conner SUicon copper Tin . . . Zinc Clippings Nickel cubes U n c u r r e n t coin .... Total '. F i n e ozs. 216.480 92,216.478 1,047,508. 618 485,439.477 253,223.940 89,747.420 2,675. 982 41,021.811 945.013 172.103 SUver account. F i n e ozs. 1,805.62 157,119.26 699,320.83 428,219.48 260,521.98 30,993.18 Nickel. Bronze. Troy ozs. 714,878.53 Troy ozs. 3,309,074. 59 4,181,666.86 3,756.21 4,588,333.34 2,698. 03 3,618.38 238,724.16 1,181.80 3,683.93 456.96 6,426,424.20 1,448,333.33 247,928.16 1,993,067.302 1,818,143.58 13,002,984.09 197,869. 41 14,897,962.63 13,002,984.09 27,700,946.72 T o t a l m i n o r coinage m e t a l Deliveries: Ingots .. . M e r c h a n t bars F i n e bars N e w Y o r k transfer Clippings U n p a r t e d bullion Assayer's proof Medal ingots Strips a n d disks Coiner's, residues, a n d grain b a r s . Sweeps I n g o t Conner Sihcon oopper Tin . . . Zinc. Nickel cubes-. , 298,827.09 8 304 068.20 1,716,667.715 178,676.016 22,821.803 72,880.677798.964 1,645.241 14.301 627.238 81.382 1,141,898.58 58,664. 67 16,354.81 394,377.08 43,047. 54 154,1)81.84 1,1)46. 95 4,824.78 230.93 3,670. 60 295. 58 12,127,086.30 11,978,490.60 38,570.36 720. 30 2,205,367.14 229,551.75 233,482.02 784.758. 33 325 DIEECTOB OF THE MlliTT. Receipts and deliveries by the superintendent of the melting and refining department, June 30, iP.?,?—Continued. Minor coinage metal account. Items. Deliveries—Continued. Sweep grains Residues ' Total Gold account. SUver account. Fine ozs. 1,993,003.226 Fine ozs. 1,818,393.16 NiGfeel. Bronze. Troy ozs. 2,501.0b 6,274.80 Troy ozs. 3,830.60 12,969,911.09 14,660,722.01 12,959,911.09 Total of minor coinage metal 27,610,633.10 Wastage settlement: Aug. 23, 1912 June 30, 1913 37. 666 26.421 105.88 64.076 105.88 356.46 2,068,746.994 1,013,263.95 12,907,842.69 12,454,302. 73 2,068,745.994 1,013,263.95 12,907,842.69 12,454,302.73 12,907,842.99 Surplus June 30, 1913, settlement Ingot room charge Total operated upon Total minor coinage metal 90,313.62 24,362,145.42 COINING DEPARTMENT. From fJuly 1, 1012, to August 23, 1912, when settlement was made with the coiner, whose office was abolished by act of Congress and in lieu thereof the ofl&ce of superintendent of the coining department created, the coiner received from the superintendent and operated upon 322,233.810 standard ounces of gold, from which there was produced 205,593.750 standard oances oi coin, of the value of $3,825,000, or 486,000 pieces, which was delivered to the superintendent during this part of the fiscal year. Prior to this settlement there was returned to the superintendent 90,591.912 standard ounces of gold in clippings, condemned coin, and bars, and there was delivered in settlement 26,048.010 standard ounces in coin -and blanl^s. The entire operation showed a loss of 5.444 standard ounces, of the value of $101.28, being 3.37 per cent of the legal allowance. The percentage of coin produced to the amount operated upon was 66.83. During this same period, from July 1, 1912, to August 23, 1912, the coiner also received from the superintendent and operated upon 1,229,270.65 standard ounces of silver, from which there was produced 502,896.96 standard ounces of coin, of the value of $626,000 in subsidiary silver coin, or 3,450,000 pieces. Prior to the coiner's settlement of August 23, 1912, he returned to the superintendent 227,779.57 standard ounces of chppings, condemned coin, and bars, and dehvered at settlement 498,576.76 standard ounces finished, unfinished, and condemned coin. Upon the entire operation there was a wastage of 17.41 standard ounces of the value oi $9.4.0, being 1.41 per cent of the legal allowance. .The percentage of coin produced to the amount operated upon was 76.02. The coiner also received from the superintendent during the same period, from July 1, 1912, to August 23, 1912, 3,059,415.80 standard ounces of bronze ingots, of which 2,935,905.20 standard ounces were operated upon, from which there was produced 1,327,408.25 stand 326 REPORT ON THE FINANCES. ard ounces of 1-cent pieces, of the face value of $132,700, or 13,327,000 pieces, upon which there was a wastage of 874.35 standard ounces of the value of $10.23, being 29.74 per cent of the legal allowance as allowed on silver. There was returned to the superintendent prior to the coiner's settlement August 23, 1912, 1,058,085.50 standard ounces in clippings, condemned coin, and blanks, and there was delivered in settlement 673,047.70 standard ounces in ingots, strips, and condemned coin. The percentage of coin produced to the amount of metal operated upon was 45c21. In addition to tbe gold and sUver received for coinage, the coiner received from the supermtendent 294.422 standard ounces oi fine gold for medals, of which 47.999 standard ounces were used in the manufacture of medals. This amount and 167.147 standard ounces in clippings were dehvered to the superintendent prior to settlement, and 78.970 standard ounces were delivered at settlement. The coiner also received from the superintendent during the same period 873.27 standard ounces of fine silver. Of this amount 301.77 standard ounces were used in the manufacture of medals, which, with 305.04 standard ounces in clippings, were delivered to the superintendent prior to settlement and 266.41 standard ounces delivered at settlement. The slight loss in gold and silver is included in the wastage in the manufacture of gold and silver coin. The gold, silver, a,nd minor coinage for this period of the fiscal year, July 1, 1912, to August 23, 1912, amounted to $4,583,700, or 5,268,000 pieces. The net wastage in coining this.amount was $120.91. Receipts and deliveries by the coiner, July 1 to Aug. 23, 1912. Silver account. Items. Gold account. Receipts: Settlement metal of June 30,1912.. Ingots Ingots, medal.. Standard ozs. 221,298.330 101,100.200 131.702 Standard ozs. • 775,848. 45 453,641.80 655. 87 322,528. 232 1,230,143.92 3,059,415.80 205,593.750 90,591.912 26,043.010 215.148 78.970 502,896.96 64,300.00 229,758. 87 432,297. 46 606. 81 266. 41 1,181,596.10 549,537 10 322,522. 788 5. 444 1,230,126.51 17.41 3,058,541.45 874.35 322,528. 232 1,230,143.92 3,059,415.80 68.83 78.02 45. 21 3.37 1.41 29.74 Total.... Deliveries: CornDomestic Costa Rica Clippings, condemned, and bars Coin and blanks . Medals and clippings Medal metal Total Wastage • Amount operated upon Percentage of coin to amount operated upon Percentage of legal allowance for wastage Nickel account. Troy ozs. Bronze account. Troy ozs. 3,059,415.80 1,327,408.25 From August 24, 1912, to June 30, 1913, the coining department received from the superintendent 1,736,813.980 fine ounces of gold for coinage, which was operated upon and from which there was produced 766,899.881 fhie ounces of coin, of the value of $15,853,227.50, or 2,583,405 pieces, and 964,351.001 fine ounces in chppings, condemned coin, blanks, and bars delivered to the superintendent dur DIRECTOR OF THE MINT. "" 32^ ing this portion of the fiscal year prior to settlement, and there was delivered in settlement 5,553.256 fine ounces in condemned coin, blanks, bars, and sweeps. The entire operation showed a wastage of 8.845 fine ounces, of the value of $182.84. The percentage of coin to the amount of metal operated on was 44.15. The percentage of the legal allowance was 1.60. During the same period the coining department also received from the superintendent for coinage 1,430,828.87 fine ounces of silver, of which 1,429,555.91 fine ounces were operated upon, and from which there was produced 947,255.37 fine ounces of coin, of the value of $1,310,199.75, or 5,458,705 pieces in subsidiary silver coin, and 30,993.18 fine ounces of silver coin, of the value of $42,845.25 in United States subsidiary coin, or 803,348 pieces for the Government of Costa Rica, 451,231.43 ounces in clippmgs, condemned coin, and bars were returned to the superintenaent prior to settlement and 1,342.20 fine ounces in ingots, condemned coin, and blanks were delivered at settlement. Upon the entire operation there was a wastage of 4.64 fine ounces, of the value of $2.84, being 0.43 per cent of the legal allowance. The percentage of coin produced to the amount operated upon was 68.43. There was also delivered to this department during the same period 13,586,385.90 ounces of nickel ingots and 7,283 ounces of ScovUl blanks, from which there was produced from the metal operated upon 7,027,438.50 ounces of 5-cent pieces, of the face value of $2,186,368.55, or 43,727,371 pieces. Of this amount $154,329.25, or 3,086,585 pieces, were the old design, and $2,032,039.30, or 40,640,786 pieces, of the new buffalo design, all of which and 6,416,424.20 ounces of clippings, condemned coin, and blanks were delivered to the superintendent prior to settlement. There was also delivered at settlement 136,244 ounces in ingots, coin, and blanks. On the entire operation there was a wastage of 13,562.20 ounces, qf the value of $175.87. The percentage of the legal allowance, based on the silver aUowance, was 99.76. The percentage of coin produced from amount of metal operated upon was 51.77. This department during the same period received 13,353,939.50 ounces of bronze in ingots and blanks, and 19,961.54 ounces in ScovUl blanks, from which there was produced from the metal operated upon 8,242,710.30 ounces of 1-cent coin, of the face value of $824,783.90, or 82,478,290 pieces. This amount, together with 5,120,527.10 ounces in clippings, condemned coin, and blanks, were delivered prior to settlement. The amount returned a t settlement was, ingots 6,632.70 ounces, condemned coin and blanks, 177.60 ounces. The wastage on this operation amounted to 3,853.34. ounces, of the value of $49.97. The percentage of wastage was 28.88. The percentage of good coin produced to amount operated upon was 67.38. In addition to the buUion received for coinage, the following shows the amount used in the manufacture of medals: Of the 754.574 fine ounces of gold received from the superintendent 286.839 fine ounces were used in the manufacture of medals, which, together with 300.836 fine ounces in clippings were delivered prior to settlement and 167.896 fine ounces returned in settlement. 328 REPORT ON THE FINANCES. The amount of fine sUver received was 2,167.63 ounces, of which 843.37 fine ounces were used in the manufacture of medals, and that amount, with 1,021.90 fine ounces of clippings, were delivered prior to settlement and 304.41 ounces returned in settlement. The slight gain in gold and sUver is included in the loss in gold and sUver coinage. On this large operp^tion, including coin and medals, the wastage amounted to the very low figure of $411.52. Total amount of domestic coin for fiscal year ended June 30, 1913. Items. Gold Silver 5-cent nickel 1-cent bronze . Total Pieces. . . Value. 3,069,405 8,908,705 43,727,371 96,748,390 $19,678,227.50 1,936,199.75 2,186,388.66 957 483 90 151,463,871 24,768,279.70 I n addition the following coin was made for the Government of Costa Rica: Items. Pieces. 10 centimes. 5 centluxos.. Value. '267,783 635,566 $21,422.63 21,422. 62 803,348 42,845.25 Receipts and deliveries by superintendent of coining department, fiscal year 1913. Items. Gold a c c o u n t . Receipts: Settlement metal, June 30,1912.... Ingots Medalingots Scovlll b l a n k s F i n e ounces. 199,188. 697 1,804,365. 450 812. 672 Total Dehveries: D o m e s t i c coin Costa R i c a coin Clippings, c o n d e m n e d a n d b a r s . . . . Sweeps Coin a n d b l a n k s Medals Medal clippings Ingots 2,004,344. 823' 951,934.256 1,045,883.722 18. 368 5,534. 888 297. 481 662.363 Silver account. N i c k e l account. Bronze account. F i n e ounces. 698,261.80 1,390,387.23 •2,518.14 2,091,167.17 1,399,862.63 30,993.18 656,260. 24 62.04 Troy ounces. 1,753,039.5011,833,346.40 Troy ounces. 16,865,753.20 7,283.00 19,961.54 13,693,668.90 15,885,714. 74 7,027,438.50 9,670,118.55 6,416,424.20 6,304,236. 80 123,394.80 843.37 1,872.44 1,272.96 12,849. 20 6,832.70 Total Wastage 2,004,331.078 13.745 2,091,146.86 20.31 13,580,106.70 13,582.20 15,880,987.05 4,727.69 A m o u n t operated upon ." P e r c e n t a g e of c o m p r o d u c t i o n to a m o u n t o p e r a t e d r.pon P e r c e n t a g e of legal allowance for w a s t age 2,003,632.151 2,088,649.03 13,680,819.70 16,879,082.04 47.51 67.02 61.77 60 26 1.37 .97 99.76 29 77 IMPROVEMJENTS. Reference has aheady been made in last year's report to the minorcoin plant. I t was well under way at that timCc I t has since been completed and is now in operation. DIRECTOR OF THE MINT. 329 Two large 16-inch rolls are breaking down and finishing bronze and nickel. The ingots used are 23 mches long, 4J inches wide, and three-fourths of an inch thick. A copper ingot wUl produce 2,200 blanks and the nickel ingot about 1,500 blanks. Two cutting presses, each running 170 revolutions per minute, are used in cutting bronze and nickel blanks. When cutting these blanks six pieces of the former and five of the latter are punched at each stroke, making respectively 1,020 and 850 pieces per minute. Up-to-date cleaning and annealing machinery, consistmg of rotary annealing furnaces, tumbling barrels, and centrifugal. dryers prepare the blanks for stamping. In addition to the rotary annealing furnaces two strip annealing furnaces have been added and gas is used to operate these furnaces. The object of this plant is to keep the workings of the base metal isolated ^s much as possible from those of the precious metals and also to turn out the minor coin more rapidly and at less expense. Owing to the increasing demand for minor coin we wUl be compelled to enlarge this plant in the near future by installing two additional rolls and more cutting presses. At times we could use the rolls in our regular rolling room, when not working on gold or sUver, but to do so when working the precious metals would be defeating the principal object for which this minor-coin plant was created. During the past year we have made and placed in operation two reviewing machines simUar to those now in use for reviewing coined money. These machines, being much faster and more accurate, wUl replace the old-style selecting tables. The only annoying feature we had to contend with during the past year was a very inferior quality and irregular fiow of gas for annealing. This appears to have been due to a low grade of naphtha and a mucm heavier tax on the gas plant. The trouble has been overcome by installing city gas. We find that, owing to the increased price in gasoline, we can buy city gas cheaper than we can make our own supply. At present the workings are equally balanced, having sufficient facUities for operating the product of one department with the other without any delay or annoyance. I t wUl be our aim to keep up this well-balanced system, thereby reducing the cost of production to the lowest figure. All gold and silver now used in the operation of coinage is calculated at 1,000 fine instead of 900 standard as heretofore. The figures in the above report from August 23, 1912, are 1,000 fine ounces. The only blanks now adjusted are the double eagle and eagle; all other denominations, except dunes and the minor coin, are weighted after coinage. Five automatic weighing machines are doing this work. Our system for keeping the daUy records of the metal in operation, recently introduced, is giving entire satisfaction. A tabulated statement of the metal passing from one department to the other during the day is kept. This shows the amount of finished and unfinished metal, together with the wastage or loss at the close of each day's workings. 330 REPORT ON T H E FINANCES. ENGRAVING DEPARTMENT. AU the dies used in coining operations in all of the mints are made in the engraving department at Philadelphia. The embossedenvelope dies used by contractors supplying envelopes for the Post Office Department and postal savings bank are also made here; also dies for Army and Navy and other authorized public medals. The mint is reimbursed for the actual expenditures for labor and materials on these medal accounts. The number of dies prepared for United States coinage last year was 2,640. I n addition, 175 dies were made for Philippine coinage, 30 for the Post Office Department, 9 for medals, and 36 master dies and hubs; in all 2,890, as foUows: Philadel- San F r a n - D e n v e r . phia. cisco. Denomination. Gold: D o u b l e eagle Eagle Half eagle Q u a r t e r eagle : •. Total Silver: H a h doUar Q u a r t e r doUar... Dime . 10 22 110 50 10 10 30 56 20 20 76 52 160 50 192 50 96 338 15 13 20 20 20 86 20 20 106 55 53 • Total .. Total. 28 60 126 214 Minor: 5 cents 1 cent 830 645 170 70 •203 140 1,203 855 Total 1,475 240 343 '2,058 Phihppine: 20 centavos 10 centavos 1 centavo . . Total i .1 1 Grand total coinage dies Proof dies Master dies and hubs for coinage United States embossed-envolope dies (stamp dies) Medal dies 45 60 70 45 60 70 175 176 2,785 30 36 30 9 Total 2,890 NUMBER o r EMPLOYEES. The total number of employees in this mint at the close of the fiscal year was 327, distributed in the several departments as follows: General Assayer's Melting and refining Coinhig Engraver's '. Total 163 12 47 97 8 327 VISITORS. A large number of visitors from aU States of the Union and from foreign countries visited the mint during the year, 86,278 having been shown through the building by the several guides. 331 DIRECTOR OF T H E MINT. MINT OF THE UNITED STATES AT SAN FRANCISCO. This mint was in operation throughout the fiscal year. MINOR COINAGE. Minor coins to the amount of $131,120.14 have been distributed during the year, as follows: 5-cent nickel pieces 1-cent bronze pieces Total minor S77,152.90 53,967.24 131,120.14 ' - During the above-mentioned period bronze 1-centavo pieces have been coined for the Government of the Philippine Islands from new metal deposited and from old Spanish copper coins received for recoinage, as follows: Items. 1-centavos, from— Metal deposited Minor coins for recoinage ... Value. 5P135,233.00 59,061.12 ' 194,294.12 Total SEIGNIORAGE. The seigniorage on the coinage of purchased metal for the fiscal year was $417,045.19, as shown by the follo\\dng table: Items. Subsidiary shver coins 5-cent nickel coins 1-cent bronze coins. Total.... Coined. Seigniorage. $412,000.00 142,600.00 61,040.00 $227,791.87 136,129. 75 53,123.57 615,640.00 417,045.19 332 REPORT ON T H E FINANCES. ASSAY DEPARTMENT. The operations of this department during the fiscal year were as follows: Number samples operated on. Items. Gold. Deposits Redeposits Exchange bars Purchase bars Return bars Anode melts Mint fine melts Ingot melts Mass melts Experimental bars Bullion assay samples Superintendent's gi-ain bars Melter and refiner's settlement bars Coiner's settlement bars Assayer's bars Sweeps General Land Office samples Forest Service samples 17,147 424 46 198 42 311 832 640 168 112 35 22 148 12 24 76 156 19 Total 20,412 Silver. Total 457 76 154 19 17,604 424 400 198 45 517 1,024 1,949 168 138 35 22 178 22 30 152 310 38 2,842 23,254 "354' 3 206 192 1,309 In addition there were assayed for the General Land Office and Forest Service six samples for tin, one sample for zinc, one sample for lead, and eight samples for copper. Number of assays made and segregated. Assays. Gold Silver Sweeps.. Bureau of the mint... General Land Oflice., Forest Service Assays. Number. 52,3054,739 255 2,090 636 92 Deposits Purchases Ingots ." Refinery Miscellaneous. 60,117 Total.. 46,339 1,462 4,060 3,746 4,510 Total., 0,117 Cupels made Leads cut and rolled Parting silver disks made . .ounces.. 998.3 998.5 998.7 998.8... 998.9 999.0 999.1 999.2 999.3 999.4 999.5 999.6 999.7 Total. . . 100,000 100;000 5,000 Fine silver determinations. Fine gold determinations. Fineness. Number. Fineness. Melts. i 1 2 3 1 11 12 6 9 6 14 20 4 90 998.5 Melts. .... 999.5 •. Total 1 47 4'?. 333 DIRECTOR OF T H E MINT. Ingot melts. Passed on first melting. Melts. Remelted. Condemned. 287 180 Gold ingots SUver ingots P h i l i p p i n e pesos P h h i p p i n e 20-centavos P h h i p p i n e 10-centavos Total. 291 208 280 54 80 Total.... 913 Finenesses of ingot melts. Domestic coinage. Phhippine coinage. Shver. Gold. 5 at 899.7 38 at 899.8 113 at 899.9 93 at 900.0 33 at 900.1 8 at 900.2 l a t 900.3 12 at 898.8 50 at 899.1 43 at 899.3 77 at 899.5 9 at 899.8 12 at 900.0 l a t 900.4 204 291 Pesos. 2 at 798.4 2 at 798.6 16 at 798.9 15 at 799.0 62 at 799.2 33 at 799.4 78 at 799.6 30 at 799.8 30 at 800.0 6 at 800.2 272 20-centavos. 10-centavos. l a t 748.2 2 at 748.5 9 at 748.7 25 at 748.9 12 at 749.2 5 at 749.6 1 at 748.2 5 at 748.5 13 at 748.7 16 at 748.9 14 at 749.2 16 at 749.6 7 at 749.8 8 at 750.0 54 80 The reports covering the workings of the operative departments for the fiscal year ended June 30, 1913, which foUow, show the wastage and surplus for the year. The wastage and surplus so shown will be a part of the wastage and surplus taken up in the bullion accounts at such time as the settlement is made. MELTING A N D R E F I N I N G DEPARTMENT. The melter and refiner received, operated upon, and dehvered gold and silver bullion and minor-coinage metal during the fiscal year 1913, as follows: Items. Receipts: Settlement metal— Of June 30,1912.... : Of Aug. 28, 1912 . Deposits and purchases Philippine Islands silver for recoinage Redeposits Clippings and coiner's bars UncmTent coin Superintendent's sweep bar Comer's sweeps Proof gold Ingot copper ". Tin Zmc Nickel shot Total.. Total minor coinage metal Gold account. Silver account. Nickel account. Bronze account. Fine ozs. 1,271^ 488.613 1,830,446.382 2,616,774.939 40,111. 095 202,604.605 522. 804 58.512 26.086 96. 750 • Fine ozs. 348,071.43 388,874.17 480,779.46 342,065.59 19,204.17 520,627.87 89.31 46.37 143.59 Troy ozs. 229,454.80 218,749.99 5,962,127.786 2,099,901. 96 448,204.79 Troy ozs. 559,315.78 560)397.20 723,261.60 1,458,041.66 47,891.66 45,718.74 3,394,626.54 448,204.79 3,842,831.33 334 BEPOET ON T H E FINANCES. Items. Gold a c c o u n t . S h v e r account. N i c k e l a c c o u n t . B r o n z e account. Deliveries: Gold certificate b a r s Merchant bars Fine bars Unparted bars Ingots". Sweeps S e t t l e m e n t m e t a l , A u g . 28, 1912 Nickel Clippings Copper Tops and bars Tin Zinc Alloy F i n e ozs. 2,171,436.640 10,972.557 217,384.648 . 650,267.807 1,081,030.950 972.161 1,830,446.382 F i n e ozs. 141,386.28 88,328.76 349.631.24 1,132,007.66 3,747.81 388,874.17 Troy ozs. 687,962.10 Troy ozs. 2,260,150.30 560,397. 20 97,408.71 24,614.60 1,700.70 Total - T o t a l minor coinage m e t a l Surplus Wastage Amount operated upon: Refinery I n g o t room . . . Total 173,275.50 3,385.44 8,949.10 10,325.30 5.013.20 5,962,510.145 2,103,975.92 382.359 4,073.96 858,338.613 1,107,224.471 249,74L00 1,226,497.28 714,819.41 2,321,683.31 1,965,563.084 1,476,238.28 714,819.41 2,321,583.31 714,819.41 8n,686.11 3,021.496.04 811,686.11 3,833,182.15 1,081.42 10,730.60 T o t a l m i n o r coinage m e t a l 3,036,402.72 COINING D E P A R T M E N T . The coiner"" received gold, sUver, nickel, and bronze from and delivered to the superintendent during the fiscal year 1913 as follows: Receipts and deliveries by the superintendent of the coining department, fiscal year 1913. Items. Gold account. Receipts: S e t t l e m e n t m e t a l of J m i e 30,1912... Ingots.. F i n e ozs. 55,181.178 1,081,030.950 F i n e ozs. 105,822.92 1,132,007.66 1,136,212.128 225,427.500 Total.... Deliveries: CornDomestic P h h i p p i n e Islands Clippings (cond.), sweeps a n d b a r s . . Coin a n d b l a n k s Ingots Total.. . Surplus Wastage A m o u n t operated u p o n Percentage of coin to a m o u n t operated upon.. Silver accoimt. Nickel account. Bronze account. Troy ozs. 687,962.10 Troy ozs. 42,711.70 2,260,160.30 1,237,830.58 687,962.10 2,302,862.00 298,072.12 342,724.79 521,117.47 12,196. 47 63,553.67 457,347.58 ,229,454.80 610,828.38 833,822.10 731,615.80 1,136,221.961 9.833 1,237,664.52 686,802.38 2,301,443.28 166.06 1,159.82 1,418 72 428,214.330 1,135,638.48 687,962.10 2,174,068.80 62.70 58.13 68.47 68.64 202,664; 903 851.508 707,278.050 125,177.00 DIRECTOR OF THE MINT. 335 The^ foUowing table shows the coinage during the fiscal year 1913: DOMESTIC COINAGE. . Denominations. Gold Pieces. • Value. 866,000 $4,660,000.00 Silver 1,228,000 412,000.00 Minor: 5 cents 1 cent 2,852,000 6,104,000 142,600.00 61,040.00 Total minor Total domestic comage 8,958,000 203,640.00 11,050,000 5,276,640.00 2,638,820 5,001,000 ^"684,738.60 60,010.00 7,639,820 734,748.50 P H I L I P P I N E COINAGE. Silver Bronze Total Phhippine coinage. - MINT OF THE UNITED S T A T E S AT DENVER. This miat was in operation during the entire fiscal year, the coinage being of the denominations of double eagles, half doUars, nickels, and bronze cents. The particulars as to bullion deposits and coinage will be found in tables numbered 1 and 3, and in the general coinage statement, numbered 22. IMPORTANT R E F I N E R Y CHANGE. In the spring of 1913 there was installed in the refinery of this institution a novel special induction potential regulator, embodying the ideas of the foreman of the refinery, Mr. B. JP. Wirth, who was seconded in perfecting his plans by Mr. White, chief electrician of the mint. The new equipment consists of the foUowing items: One special induction potential regulator, single-phase, 60-cycle, oil-immersed primary 2,200, secondary potential 36-volt, maximum secondary current 1,300 amperes, complete, with all necessary oil. One complete switchboard panel, including wiring, having mounted thereon the following: One single-phase, 60-cycle, 2-wire watt-hour meter to read direct the current , used through the above induction regulator. One 2,000 to 100 volt potential transformer.^ One 2,000-volt series transformer, proper ratio. One Type II automatic oil circuit breaker with inverse Mme-limit attachment. One low-tension switchboard on which are mounted the following: One voltmeter, maximum scale 30 volts. One ammeter, scale 1,500 amperes. One series transformer, ratio 1,500 to 5. One double-pole, single-throw, l,600-amper3 time switch. One electrolytic lightning arrester, 2,200 volts, single-phase, 60-cycle, complete, with oil, electrolyte, and horn gaps, for outdoor mounting. The cost of the above, delivered at the mint, was $1,374. About the middle of March the general use of the pulsating current in the gold ceUs in the refinery was Qommenced, The alternating 336 REPORT ON THE FINANCES. current is delivered through a 39-kilowatt induction regulator^ with 200 volts on the primary circuit, and a capacity of 36 volts, 1,300 amperes, on the secondary circuit. A direct-current voltage of 1.2 per cell and an alternating-current voltage (maximum) of 1.8 per cell is used; current density, 65 amperes per square foot. The electrolyte contains 60 grams of gold per liter, and from 4 to 7 per cent hydrochloric acid; temperature, 65° C. NOTABLE BENEFITS. The benefits of this new system, as applied to the character of buUion received at this mint, can be best shown by a comparison with the operations under the former, or direct-current, system. The refinery has been in operation (in this fiscal year) since October 1, 1912, a period of seven months; the months of October, November, and December, 1912, and January and February, 1913 (which shall hereafter be referred to as the ^^five months^ 0? the refinery operated under the old system. I n March the change was made, and in that month the refinery was operated under both systems, and in April the new system was used exclusively; so, in making comparisons, the month of March will be omitted and the first five months under the direct-current system used, and the average of those months compared with the month of April under the pulsating-current system. Under the old method there could not be ^'made up^' many gold anode melts, because there was not received enough high-grade bullion to permit it; so, in October, after four months^ shutdown of the refinery, 25 were made; in November, 9; in December, 12; in January, 10; and in February, 7; total for the five months, 63 melts, weighing 387,333.32 ounces; while in April, without any change in the character of the deposits, under the new system 44 gold anode melts were made, weighing 236,778.77 ounces, and many more could have been made had they been needed. During the ^^five months'' the gold anodes amounted to 18.6 per cent of the total amount of bullion operated upon in the refinery, whUe during the month of AprU the gold anodes comprised 58.5 per cent of the total operated upon. The radical dift'erence is due to the reduced necessary fineness of the gold anodes. In the ^^five months'' there were produced 731,669.949 ounces of fine gold an,d recovered from the slimes (and scrap gold contained therein) 125,821.3 fine ounces; that is, the gold in the slimes equaled in amount 17.19 per cent of the fine gold deposited on the cathodes. In the month of AprU there were produced 224,161.16 ounces of fme gold and recovered from the slimes (and scrap gold therein) 25,496.89 ounces of fine gold, so t h a t in this month the gold recovered from the slimes equaled m amount 11.37 per cent of the gold deposited on the cathodes, and the average fineness of the fine gold under each system was 0.9995 plus. Further, m the ^^five m o n t h s " acids were used as follows: Hydrochloric, 28,184 pounds, and nitric, 28,023 pounds, an average per month, respectively, of 5,637 and 5,605 pounds. In AprU, 12,954 pounds of hydrochloric acid were used, an increase above the average of 7;317 pounds, costing $109.75, and 1,041 pounds of nitric acid; a DIRECTOR OF THE MINT. 337 decrease below the average of 4,564 pounds, which would have cost $422.17, thus making a net saving in acid for AprU of $312.42. Further, the cost of operating the refinery for the ^^five m o n t h s " was $23,332.94 (including in each month $414.41 as one-ninth shutdown cost), beiag an average of $4,665.58, and the cost for AprU (including said $414.41) was $4,478.38. Further, the production of fine gold for the ^^five m o n t h s " was 731,669.949 ounces, an average of 146,333.989 ounces per month, and the production of fine gold in AprU was 224,161.16 ounces, being an increase over the average of said ^^five m o n t h s " of 53 per cent. Further, m the ^^five months" there were sent to the refinery 244 sUver anode melts, weighiag 1,319,761.9 ounces, an average per month of 263,952.38 ounces, and in the month of AprU there were sent 20 sUver anode melts, weighing 104,047.6 ounces; and in the ^^five m o n t h s " there were used 139,718.97 ounces of mint fine sUver bars in making up the said sUver anode melts, which were absolutely necessary on account of the comparatively small amount of sUver deposits received at this mint. However, in AprU, no mint fine sUver was used, and also one-half of the sUver cells were cut out of operation. LOWER GRADES BULLION DIRECTLY THROUGH GOLD CELLS. The most important benefit derived from the operation of this new regulator and transformer lies in the fact that it is possible to treat directly through the gold cells bullion of a much less fineness in gold than it was possible to so treat with the direct current only. Formerly bullion of a less fineness than 900 could not be successfully treated in the gold cells, whUe the regular bullion, running as low as 800 parts gold, is successfully treated. This table exhibits the fineness of all of the bullion received at this mstitution, including both the deposits and redeposits, for the months of January, February, and March, 1913, as follows: Below 700 From 700 to 800 Prom 800 to 850 From 850 to 900 From 900 to 925 From 925 to 950 From 950 to 999 fine fine fine fine fine fine fine Total ° Gross ounces. 263,302.87 135,901.42 77,769.48 80,514.79 43,757.30 24,611.66 44,417.23 670,264.75 From an examination of this table it wUl be readily seen t h a t a large percentage of the bullion received at this institution runs less than 900 in gold; in fact, 83 per cent of it runs less than that figure, and but 17 per cent 900 or more. The number of sUver cells in operation in the refinery have been reduced one-half. Heretofore it has been necessary to rely very largely on the output of the sUver cells for bullion of a proper fineness in gold to use in the gold cells. The number of sUver cells now in operation wUl just about take care of receipts of bullion that must necessarUy be put through tha,t system. I t wUl also be noted that it is no longer necessary to re-treat mint fine silver in the sUver ceUs, as was formerly the case. 16726°—ril913 22 338 REPORT ON T H E FINANCES. ANODE MELT OF LOW FINENESS. The anode melt of the lowest gold fineness treated in April was No. 125; the make-up of that melt was as follows: Fineness. Items. One bar from the Seattle oflSce. Do Do One Goldfield Consolidated bar One Homestake bar from Deadwood ofl&ce Gross weight. Ounces. 901 01 995 07 841 12 852 78 1,965 39 Gold. 819.0 820.2 88L2 780.0 768.0 Silver. 177 2 173 2 115.0 116 2 216 0 The resulting anodes ran 804.7 gold, 171.6 silver. Especial attention is directed to the large amount of silver in the melt. Gold anode melt No. 1 of this fiscal year, which was treated directly through the gold cells through the old system, ran 921.2 gold, 52 silver. This equipment and its operation has, without doubt, fulfilled in every respect our expectations. I t has increased the output at a reduced cost per ounce. I t more than paid for itself during the six weeks it was in operation, from the middle of March to the 1st of May. ASSAY DEPARTMENT. The operations of this department during the fiscal year 1913 were as follows: Melts operated on. Items. Gold. 3,094 1,248 50 7 Deposits Redeposits Exchange bars Return bars Purchase Anode melts Mint fine melts Ingot melts Consolidated melts Experimental samples Bullion assay samples Copper melts Superintendent's grain bars Melter and refiner's settlement..., Coiner's bars Assayer's bars Coin samples Sweep samples Forest Service samples Nickel and bronze ingot samples.. 170 197 134 2 314 4 9 12 16 4 38 86 44 37 5,444 Total. SOver. Total 629 11 1 430 301 144 328 195 45 1 7 363 44 37 2,536 3,723 1,248 61 471 341 462 2 509 4 9 12 61 5 43 429 88 74 47 8,027 Number of actual assays made. Gold. 35,860 Bronze and nickel Ingots Silver 24,285 Sweeps 431 Total Forest Service 156 There were 60,450 cupels made and 60,450 pieces of lead cut and rolled. 60,873 339 DIRECTOR OF THE MINT. The reported fineness of the refined gold and silver melts were as follows: Determinations. F i n e shver. Gold ingots. Fineness. 999.3.... 999 4 . . . 999.5 999 6 999.7 999.8 .o .. - Melts. 4 31 60 69 31 2 197 Total.. Fineness. Melts. 3 65 25 61 9981 999 999i 999^ Total... 144 INGOT F I N E N E S S . The reported fineness of gold and sUver ingot melts were as foUows: Gold Ingots. Fhieness. 899.7 899 8 . 899.9 900 0 . . 900.1 Remelts Total.. Shver ingots. Fineness. Melts. 2 10" 68 44 8 2 134 898.6 898 7 . . . 898.8 898 9 . . . 899.0 899 1 . . . 899.2 899.3 899.4 899.5 899.6 899.7 899.8 900.0 Remelts.. Total.. : . . Mehs. 4 11 32 26 61 62 61 37 20 5 4 2 2 1 2 330 340 REPORT ON T H E FINANCES. MELTING AND REFINING DEPARTMENT. The superintendent of the melting and refining department received from and delivered to the superintendent of the mint during the fiscal year 1913 the foUowing: Items. Gold account. Receipts: S e t t l e m e n t m e t a l of J u n e 3 0 , 1 9 1 2 . . . Deposits Redeposits Clippmgs.... C o n d e m n e d coin a n d b l a n k s U n c u r r e n t coin. I n g o t copper Tin Zinc C u b e nickel F i n e ozs. 685,562.345 1,011,763.840 756,108. 785 109, 758. 637 41,468.490 Total Silver account. Nickel account. Bronze account. F i n e ozs. 299,808.59 971,077.03 271,969.72 310,087.03 112,046.12 . 2,804,649.997 Total Troy ozs. 18,414.06 778,598.10 53,131.10 96,184.12 1,458,420.83 348 377 30 12,036.10 13,432.20 1,468,333.33 45,136.42 88,010.42 437,500.00 -. Deliveries: Gold certificate b a r s Commercial b a r s . . . Ingots Sweeps ." S e t t l e m e n t m e t a l of J u n e 3 0 , 1 9 1 3 . . . Troy ozs. 999,877.33 1,964,988.49 3,823,709.48 1,983,737.83 733,234. 437 130. 040 1,093,127.342 3,793.70 1,195,346.13 446.66 766,434.30 2,473,734.50 1,498,447.70 1,338,665.18 477,123.23 2,804,623. 469 1,966,020.79 3,812,299.68 1,975,670.93 778,131.660 Surplus Wastage 1,032.30 26.528 A m o u n t operated u p o n . 2,464,865. 743 • 2,511,269.54 11,409.80 8,186.90 2,485,144.30 1,606,614.60 The refinery also returned 477.5 pounds copper, 58.2 Troy ounces platinum, and 10.15 Troy ounces palladium. The refinery earnings were as follows: Charges collected on bullion treated By-products as above Itemized (approximated) $71,995.43 3,240.93 Total 75,236.36 Melts made. Item. Deposits Anodes Cathodes Ingots Fine bars Slimes Settlement Sweats N i c k e l Ingots B r o n z e ingots Miscellaneous -. - Gold. Silver. 4,823 170 28 134 197 920 308 19 328 144 16 45 Total. 5,543 476 47 482 341 486 61 534 729 378 9 9,068 Total Ingot melts condemned, none; ingot melts remeited, 2 gold and 2 silver. COINING DEPARTMENT. During the year silver, nickel, and producing 276,705 fine ounces silver, 1913 the coining department operated upon gold, bronze, as follows: 445,089.816 fine ounces gold, ounces coin, valued a t $5,720,000; 1,218,179.03 producing 795,509.14 fine ounces of coin (half DIRECTOR OF T H E 341 MINT. doUars), valued at $1,100,000; 2,547,803.10 Troy ounces nickel, producing 1,712,782.80 ounces coin, valued at $532,800; 1,458,708.6 ounces bronze, producing 1,097,837.7 ounces coin, valued at $109,810. Receipts and deliveries by the superintendent of the coining department. Gold. Silver. Nickel. Fine ounces. 733,234.437 Fine ounces. 1,326,873.75 Troy ounces. 2,577,803.50 Troy ounces. 1,626,255.70 Deliveries: Coin cunnings, etc 276,705.000 456,527.735 795,509.14 530,973.81 1,712,782.80 881,727.60 1,097,837.70 527,959.50 Total Wastage 733,232.735 1.702 1,326,482.95 390.80 2,574,510.40 3,293.10 1,625,797.20 458 50 Total 733,234.437 1,326,873.75 2,577,803.50 1,626,255.70 445,089.816 1,218,179.03 2,547,803.10 1,458,708.60 65.30 67.23 75.26 Item. Receipts: Ingots Amount operated upon Percentage of good coin produced to amount operated upon 62.17 Bronze. VISITORS A N D MINT F O R C E . During the year 64,312 visitors witnessed the coining operations from the balconies. On June 30 there were 94 officers and employees of this mint, divided as foUows among the departments: General Assay Coining Melting, and refining .^. 49 9 14 22 : U N I T E D S T A T E S ASSAY O F F I C E AT N E W YORK. This assay office and refinery were in operation throughout the year, and the records show that the business transacted continued to increase. On account of the delay in erecting the new buUding on Wall Street, the clerical force and the assay, department are stUl in the refinery buUding, and the employees deserve credit for the manner in which they have performed their duties in crowded and unsuitable conditions. During the year 485,691.188 fine ounces of gold and 428,628.51 fine ounces of silver were transferred to the mint at Philadelphia. Gold bars were issued to depositors for domestic use in payment for bullion for $3,873,693.93, and gold bars were exchanged for gold coin for domestic use in the arts, etc., for $30,196,829.92, showing a total increase of $5,320,361.80 compared with the previous year. Gold bars were exchanged for gold coin forexportfor$41,363,473.89, showing an increase of $21,238,568.04. The income received for the exchange of gold bars for gold coin amounted to $31,888.42, an increase of $11,323.97. There were stamped during the year 75,104 bars of fine gold, an increase of 11,292 bars, and 16,018 bars of fine silver, an increase of 3,145 bars. 342 REPORT ON T H E FINANCES. The total number of deposits received was 13,324, an increase of 659, and 171 redeposits were received from New Orleans and Charlotte, being an increase of 58. There was received from the sale of platinum and palladium '0,472.29. MELTING AND REFINING DEPARTMENT. The melter and refiner received, operated upon, and delivered gold and sUver bullion during the fiscal year 1913 as follows: Receipts and deliveries by the superintendent of melting and refining. Gold account. Silver account. Items. Receipts: Settlement metal of June 30,1912. Deposits and purchases Redeposits. Uncurrent coin Transfers from Philadelphia Total. Deliveries: Gold certificate bars Commercial (fine) bars ^Sweeps Balance, June 30,1913 Wastage Total Fine ounces. 894,142. 292 3,179,981.503 51,830.833 28,454.095 120. 938 Fine ounces. 1,046,284.51 2,180,083.46 27,938.04 4,154,529.661 3,254,406.01 1,969,063.605 1,647,094.656 1,345.502 536,363.028 662.870 2,764,083.86 3,175.50 484,669.12 2,477.53 4,154,529.661 3,254,406.01 100.00 Yearns operations in refinery. Sent to refinery. Gold: Crude bullion with charges Bullion without charges Amount operated upon Returned from refinery. Fine ounces. 1,505,399.972 2,849,129.689 4,154,529.661 Silver: Crude bullion with charges Bullion without charges 2,678,434.26 575,971.75 Amount operated upon ^ 3,254,406.01 Gold: Fine bars Settlement bars, sweeps, etc... Fine ounces. 3,616,158. 261 537,708.530 Total 4,153,866.791 682 870 Silver: Fine bars Settlement bars, sweeps, etc.. Total Wastage 2,764,083.86 487,844.62 3,251,928.48 2,477.53 By-products of refinery. United States assay office at New York, fiscal year 1913. Classification. Sponge platinum Sponge palladium., Total value Weight. Ounces. 1,403.00 18.10 Value. S59,712.09 760.20 60,472.29 SUver buUion sent tp the refinery upon which refining charges were coUected contained by assay 2,299,853.78 fine ounces, and sUver owned by the Government returned to the refinery for parting purposes upon which no parting charges were coUected contained by assay 103,678.08 fine ounces. DIRECTOR OF THE MINT. 343 All copper recovered during that year is unrefined and in the form of settlement bars and slabs, weighing in gross 22,484.90 ounces, and containing 366.486 ounces of fine gold and 458.32 ounces of fine sUver. A S S A Y E R ' S DEPARTMENT. During the fiscal year 1913 there were made a total of 109,925 assays upon 40,388 samples, divided as foUows: Items. Samples. Deposits Refinery specials 32,451 5,944 1,993 Assays. 89,864 14,060 6, Oil Average cost per assay was SO.237. The deposit samples came from 11,258 melts of gold and 2,237 melts of sUver, the refinery samples from 344 melts of fine gold, 594 melts of fine sUver, gold and silver anodes, sweeps, and other refinery assays, and the specials from 665 deposits of small samples for the determination of gold and sUver fineness. Many of these specials were articles of jewelry and manufacturer's samples, some of them being used for the enforcement of the law relating to the manufacture and sale of jewelry, etc., marked with karat fineness. Others were samples from the Mint Bureau, and there were also many made in a careiul investigation of the relative accuracy of humid .assays for sUver in gold buUion by cadmium-sodium chloride and cadmiumsulpho cyanate^ methods, the results of which were embodied in reports to the Director of the Mint. The refinery operations this year, including metal that had accumulated during the suspension of refining, resulted in sweeps containing noticeable amounts of platinum, and the platinum contained was therefore reported, thus decreasing the usual losses in the sale of sweeps. The large amount of current work (the gold deposits being greater in number than in any previous year) required the constant effort of the force to complete with promptness and accuracy, but special attention has been given to the correct determination of sUver in gold bullion by humid assay and to the assay of fine gold from the refinery and in deposits made into certificate bars. About 95,000 cupels were made, and the sUver disks used in aUoying the assays for parting were roUed and cut in the department. The fine gold, fine sUver, and standard bars made were all stamped with the assay fineness. The number of officers and employees at this assay office at the close of the fiscal year was as follows: General department Assayer's department Melter and refiner's department Total. 48 15 27 : 90 344 REPORT ON T H E FINANCES. THE ASSAY OFFICE OF THE UNITED STATES AT SEATTLE, WASH. The total number of deposits of gold dust and bullion received during the fiscal year was 1,558 weighing 239,557.528 fine ounces of the value of $5,006,750.25. The origin of these deposits is shown below: Source. Total coining value. Gold. Silver. , F i n e ounces. 4,118.837 9,311.639 12,913.380 1,342.604 68,541.766 5,296.408 8.674 48,067.153 2,716.019 20,912.964 F i n e ounces. 979.52 1,164.40 2,115.31 233.20 10,412.91 235. 22 1.32 5,392.22 546.94 3,663.30 S88,498.02 194,096.27 269,867.48 28,076.47 1)431,278.00 109,8n.64 181.13 1,001,090.49 56,880.51 437,373.51 T o t a l for Alaska California 'Colorado Idaho Montana Nevada Oregon Washington British Columbia British Columbia, r e f i n e d . . . Y u k o n Territory Mexico U n i t e d States gold coin Jewelry, old p l a t e , etc Deposit m e l t i n g room grains Gains on purchases 173,228.343 •62.773 2.269 338.799 1,714.080 17. 905 758. 554 1,527.009 51,053.051 9,802.229 288.123 LOOO 21.914 729.324 20. 076 2.079 24,744.34 10.94 .34 69.79 220.19 7.12 297.13 639.14 13,063.39 .00 77. 61 .12 .00 387.04 2.91 17.23 3,615,153.52 1,106.04 47.37 7,100.09 36,737.57 379.99 16,091.46 32,449.62 1,073,419.16 202,630.05 6,083.31 20.84 453.01 15,611.51 419.03 67.68' 239,667.528 39,637.29 6,006,760.26 Alaska: Circle Cooks I n l e t Copper R i v e r Eagle Iditarod Koyukuk Koskokwim Nome _ Southeast Alaska Tanana Total Statement of gold deposits from the opening ofthe institution on July 15, 1898, to the close of business June 30, 1913. N u m b e r of deposits T r o y ounces Avoirdupois t o n s Coming value t ; 61,297 12,294,202.83 421.3 S211,363,034.76 ORIGIN OF THE FOREGOING. A IQCITQ • Noime Tanana Iditarod Balance of T o t a l for Alaska Canada: British Columbia Yukon Territory. All other sources Total : $48,863,771.90 42,846,278.63 3,417,725.19 - 11,121,489.37 -. S106,248,265.09 : 15,893,597.97 86,774,974.80 2,448,198. 90 211,363,034.76 345 DIRECTOR OF T H E M I N T . The following table shows the number, weight before and after melting, loss in melting, and percentage of loss of the various classes of bullion received: Character of deposit. Weight be- Weight I^ss in Percentage of Deposits. fore melt- after melt- melting. loss. mg. mg. Bars Dust Retort Nuggets Mixed deposits Jewelry, bars and scrap. Dental, bars and scrap., United States gold coin. 374 599 221 106 162 61 21 14 1,568 Total Ounces. Ounces. 210,971.00 210,83L05 49,030.80 47,032.69 11,259.94 10,669.81 2,284.52 2,162.86 15,778.90 14,792.51 2,284.37 2,314.87 153.00 17L64 24.41 24.41 Ounces. 139.95 1,998.11 590.13 121.66 986.39 30.50 18.64 Ounces. 0.066 4.075 5.240 5.325 6.261 1.317 10.859 287,950.70 3,885.38 L331 291,836.08 The average fineness of the buUion deposited was as follows: Gold, 831.8; silver, 137.2. For convenience in shipping to the mint for coinage, 1,252 bars, each under 400 ounces in weight and aggregating 65,437.80 ounces Troy, were melted into 72 large bars. A summary of the work done in the assaying department during the year is as follows: Quartation shver manufactured Cupels manufactured Bullion assays made Ore assays made for gold and shver Ore assays made for base metals Assays of slag, etc., from melting room Special buhion assays made Muthated domestic coins tested (gold) ounces.. 460 number.. 17,500 do 6,000 do — 181 do 92 do— 250 do 27 do 58 e ! There were 19 persons, male, employed at the close of the fiscal year. ASSAY OFFICES AT CHARLOTTE, DEADWOOD, HELENA, . LAKE CITY, NEW ORLEANS, AND CARSON. BOISE, SALT These offices were open throughout the year as usual for deposit of bullion. LIFE OF COINAGE DIES. Average number of pieces struck per die at the coinage mints during the calendar year 1913: Phhadelphla. San Francisco. Denver. Denomination. Obverse. Reverse. Obverse. Reverse. Obverse. Reverse. United States: Double eagles.. Eagles Half eagles Quarter eagles Half dollars Quarter dollars Dimes 6 cents, nickel 1 cent, bronze Phihppines: 20 centavos 10 centavos 1 centavo Pieces. 43,445 49,331 32,564 49,867 101,198 100,308 166,152 104,428 337,752 Pieces. 43,445 63,425 39,348 60,552 101,198 167,180 201,756 125,314 323,621 Pieces. 20,833 34,301 106,148 21,467 92,214 Pieces. 20,833 34,301 106,148 21,467 215,166 177,319 41,589 218,275 132,989 51,187 160,835 50,160 97,896 142,953 36,655 91,370 142,963 Pieces. 44,880 Pieces. 44,880 71,472 86,607 107,211 115,343 98,412 501,364 146,015 391,309 , 346 REPORT ON T H E FINANCES. DEPOSITS, EARNINGS, AND EXPENDITURES, BY INSTITUTIONS. The deposits, earnings (including seigniorage), and expenditures of each office of the mint service during the fiscal year 1913, and the number of employees in each, on July 1, 1913, are shown below: N u m b e r of— V a l u e of gold a n d silver deposit. Institution. Depos- R e d e its. posits. Phhadelphla S a n Francisco Denver New York N e w Orleans Carson City Boise Helena Charlotte Deadwood Seattle Salt L a k e C i t y Total 4,622 7,780 3,723 13,324 596 891 . 957 669 143 426 1,558 300 184 90 1,248 171 34,989 1,693 Earnings. $12,926,883.73 $3,648,421.97 517,707.11 55,152,050.60 37,645,870.86 1,283,418.78 67,374,598.71 190,141.71 956,607.73 5,250.70 735,085.95 3,072.10 1,022,087:29 3,908.21 1,521,620.87 6,438.97 29,428.30 1,107.70 7,388,284.97 13,208.24 4,976,444.91 10,875.19 600,632.02 1,761.69 190,329,595.94 5,685,312.37 Freight on Employcoin a n d ees J u l y bullion. 1,1913. Expenditures.! $449,244.25 192,398.77 171,234.07 191,773.47 18,535.76 14,145.90 14,762.40 18,500.13 2,638.69 14,393.97 41,374.95 14,568.63 $5,211.40 1,143,560.79 23,^698.23 1,451.57 979.38 1,103.13 1,620.50 35.05 3,804.00 8,802.65 688.55 329 115 93 92 14 5 5 6 5 19 4 687 1 Includes freight on shipments of coin and bullion between mints and assay oflices. OPERATIONS OF THE MELTER AND REFINERS FISCAL YEAR 1913. AND THE COINERS, The quantity of metals operated upon in the different departments of the mints and assay office at New York during the fiscal year 1913 aggregated 13,001,515 fine ounces of gold and 12,210,488 fine ounces of sUver. There were also operated upon at the coiaage mints 68,718,751 ounces of minor coinage metal. The figures in the table following are the actual figures as obtained at the settlements of the accounts: GOLD. Institution and department. Philadelphia l i m t : M e l t m g a n d refining. Coining San Francisco M m t : M e l t m g a n d refining. Coining Denver Mint: Melting a n d refining. Coining N e w Y o r k assay office: Melting a n d refining. Amount delivered b y superhitendent. Amount r e t u r n e d to superintendent. Amount operated upon. PerW a s t - centage of good age coin per pro1,000 Surplus. W a s t a g e . ounces d u c e d to operaamount operaupon. ted upon. F i n e ozs. F i n e ozs F i n e ozs. F i n e ozs. F i n e ozs. 64.078 1,993,067.302 1,993,003.226 2,086,745.994 13.745 2,004,344.823 2,004,331.078 2,003,532.151 5,962,127.786 5,962,510.146 1,965,563.084 428,214.330 1,136,212.128 1,136,221.981 382.359 9.833 26.528 1.702 0.010 0.003 4,154,529.661 4,153,868.891 3,617,503.763 662.870 0.183 382.359 9.833 753.474 15.447 18,588,168.134 18,687,789.505 13,001,514.881 392.192 768.921 47.51 52.64 2,604,649.997 2,604,623.469 2,464,865.743 733,234.437 733,232.736 455,089.816 Total: Melting a n d refining. 14,714 374. 746 14,714,003.731 10,114,678.584 Coining 3,873,791.388 3,873,785.774 2,886,836.297 Grand total 0.031 0.006 62.17 347 DIRECTOR OF T H E M I N T . SILVER. Institution and department. Philadelphia Mint: Melting and refining. Coining San Francisco Mint: Melting and refining. Coining Denver Mmt: Melting and refining. Coining New York assay office: Melting and refining. Amount dehvered by superintendent. Amount returned to superintendent. Fine ozs. Fine ozs. 1,818,143.58 •1,818,393.16 2,091,167.17 2,091,146.86 Amount operated upon. PerWast- centage of good age coin per pro1,000 Surplus. Wastage. ounces duced to operaamount ted upon. operated upon. Fine ozs:- Fine ozs. Fine ozs. 1,013,263.95 355.46 20.31 2,088,649.03 0.009 67.02 0.146 56.13 65.30 2,099,901.96 1,237,830.57 2,103,975.92 1,237,664.51 1,476,238.28 4,073.96 1,135,638.48 1,984,988.49 1,328,873.75 1,966,020.79 1,326,482.95 2,511,259.54 1,032.50 1,218,179.03 390.80 0.320 3,254,406.01 3,251,928.48 2,767,259.36 2,477.53 0.895 Total: Melting and refining. 9,137,440.04 Coining 4,666,871.49 9,140,318.35 4,655,294.32 7,768,021.13 5,461.92 4,442,486.54 2,477.53 577.17 13,793,311.63 13,795,612.67 12,210,487.67 5,461.92 3,054.70 Grand total 166.06 NICKEL. Philadelphia Mint: M e l t m g a n d refining Coining S a n Francisco M i n t : Melting a n d refining. Coining Denver Mint: Melting a n d refining. Coining Tray ounces. Troy ounces. Troy ounces. Troy ozs. Troy ozs. 13,002,984.09 12,959,911.09 12,907,842.69 43,070.00 13,593,668.90 13,580,106.70 13,580,819.70 13,562.20 3.337 0.998 51.77 488,204. 79 687,962.10 811,686.11 686,802.28 714,819.41 687,962.10 1,460.85 1,159.82 2.074 1.688 3,823,709.48 2,577,803.60 3,812,299.68 2,674,510.40 2,485,144.30 2,547,803.10 11,409.80 3,293.10 4.591 1.292 67.23 Total: Melting a n d refining. 17,314,898.36 17,583,896.88 16,107,806.40 Coining 16,859,434.50 16,841,419.38 16,816,584.90 55,940.65 18,015.12 47,240.62 4,727.69 3.793 0.297 60.26 68.44 '75.'26 Grand total 34,174,332. { 34,425,316.26 32,924,391.30 73,955.77 BRONZE. Phhadelphla Mint: Melting a n d refining. Coining San Francisco M i n t : Melting a n d refining. Coining Denver Mint: Melting a n d refining. Coining 14,697,962.63 14,650, 722.01 12,454,302. 73 15,885,714.74 15,880, 987.05 15,879,082.04 3,394,625.54 2,302,862.00 3,021, 496.04 2,301, 443.28 2,321,583.31 2,174,068.80 9,289.75 1,418.72 3.993 0.653 1,983,737.83 1,626,255.70 1,975, 670.93 1,625, 797.20 1,506,614.60 1,458,708.60 8,166.90 458.50 5.422 0.314 Total: Melting a n d refining. 20,076,326.00 19,647, 788.98 16,282,500.64 Coining 19,814,832.44 19,808, 227.63 19,511,869.44 64,677.27 6,604.91 Grand total 39,891,158.44 39,458,018. 61 35,794,360.08' 71,282.18 348 REPORT ON T H E FINANCES. 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 $17,744.86. A loss of $7,0.32.61 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: Mint at— Items. Philadelphia. Gold wastage of melting and refining department. Silver wastage of melting and refining department Gold wastage of coining"department" .. .^ Silver wastage of coining department Loss on sale of sweeps . Total Paid as foUows: From contingent appropriation Frnm parting anri refining appropri ation Total San Francisco. Assay office at NewYork. Denver. Total. $1,324.57 63.55 284.12 12.24 233.04 $98.50 1,213.10 $13,702.74 $16,575.69 1,443.22 1,506.77 319.30 232. 36 343. LO 1,852. 91 "'3,"933.'56' 7,032.61 1,917.52 1,311.60 2,468.83 19,079.62 24,777.47 1,917.52 l,3n.60 2,468.83 16,988.10 2,111.42 22,666.05 2,111.42 1,917.52 1,311.60 2,468. 83 19,079.52 24,777.47 $548.38 35. is The gains from operations in bullion during the fiscal year 1913 amounted to $115,180.02, as follows: Character of gains. Amount. • Surplus bulhon recovered by the operative officers Value of deposit melting room grains and sweeps ' Net gains on bulhon shipped from assay offices to mints for coinage Gain on hght weight-gold coin purchased for recoinage , Receipts from the sale of by-products , $11,359.86 33,279.15 739.27 68.71 69,736.03 Total 116,180.02 Deducting the wastage and loss. $33,144.14, from the gains, $115,180.02, gives a net gain from bulhon operation durmg the fiscal year 1913 of $82,035.88. Receipts and disposition of gold bullion, fiscal year 1913. Deposited. Institution. Deposits. Philadelphia San Francisco Denver New* York New Orleans Carson Helena.... Boise Charlotte Deadwood Seattle Salt Lake City Total $1,787,275.88 54,104,136.11 21,068,164.73 66,195,661.80 941,005. 21 724,617. 20 1,495,670. 25 1,007.332.06 29,187.77 7,290,751.45 4,951,634.71 595,352. 65 160,190,658.82 Surplus Uncm-rent bulhon United States . recovered. coin transferred for recoinage. Redeposited receipts from mints and assay offices. Total. $904,295.23 $2,351.18 4,061.51 6,340.04 5,211.22 636.91 364.69 162. 41 714.08 103. 76 197.27 458.87 167.36 10,041,911.61 831,380.98 15,998,911.00 1,073,938.48 $12,735,833.90 64,939,577.60 37,073,405.77 67,274,811.48 941,542.12 724,881.89 1,496,832. 66 1,008,046.14 29,271.63 7,290,948. 72 4,952,093.58 595,520.01 904,295.23 20,669.30 27,948,142.05 189,061,765.40 "" 349 DIRECTOR OF THE M I N T . The disposition of gold buUion contained in the above table is as follows: Institution. Bars paid depositoi-s. Shipment to mint for coinage. Sold i n sweeps. Bars exchanged for coin. Coinage. Wastage. Total. $947. 29 $5,711,031.89 $19,678,227.50 $1,608.69 $25,629,297.48 P h i l a d e l p h i a . . . . $237,482.11 4,905,089.04 206,596.53 4,660,000.00 20,226. 47 18,266.04 San F r a n c i s c o . . . 5,720,000.00 1,513.90 5,745,059. 83 18,567.24 4,978.69 Denver "NJftw "Vovlc 3,873,693.93 $10,040,127.92 30,392.19 71,560,303.81 85,604,517.85 18,348.80 1,037,132. 37 1,053,479.17 746,602. 81 746,802.81 Cai'son Helena 1,584,653.59 1,584,653.59 15.32 1,046,037.88 1,046,032.56 Boise Charlotte 11.28 29 271.53 29,270.25 7,500,438.11 Deadwood 7,500,438.11 5,212,988.16 5,212,988.16 Seattle 650,940.42 Salt L a k e C i t y . . 650,940.42 Total 4,166,316.56 27,848,186.19 54,584.21 77,477,932.23 30,058,227. 50 3,129.19 139,608,375.87 1 Loss in mass melts. BALANCES, RECEIPTS, AND DISBURSEMENTS. Balances of gold buUion on hand June 30, 1912, and receipts, disbursements, and balances, June 30, 1913, at the mints and assay offices are shown in the following table: Institution. Phhadelphla . S a n Francisco Denver New York N e w Orleans Carson Helena Boise Charlotte Deadwood Seattle Salt L a k e C i t y Total R e c e i p t s during t h e fiscal year 1913. Total. Dlsbm-sements d u r i n g fiscal year 1913. $32,352,332.29 139,119,789.19 87,368,174. 99 109,877,207.90 1,068,019.29 747,095.59 1,585,416.57 1,045,137.93 29,271.53 7,525,767.13 5,213,996.58 651,598.41 $26,629,297.48 4,905,089.04 5,745,059.83 85,504,517.85 1,053,479.17 746,602 81 1,584,653.59 1,046,037.88 29,271.53 7,500,438.11 •5,212,988.16 660,940.42 $6,723,034.81 134,214,700.15 "81,823,115.16 24,372,690.05 12,540.12 492 78 762 98 100 05 234,818. 41 281,903.00 55,997.36 $12,735,833.90 54,939,577.60 37,073,405.77 67,274,811.48 941,542.12 724,881.89 1,495,832.66 1,008,046.14 29,271.53 7,290,948.72 4,952,093.58 595,601.05 197,519,960.96 189,061,846.44 386,581,807.40 139,608,375.87 246,973,350.49 B a l a n c e on J u n e 30, 1912. $19,618,498.39 84,180,211. 69 50,294,769. 22 42,602,398. 42 124,477.17 22,213. 70 89,583.91 37,091. 79 B a l a n c e on J u n e 30, 1913. 24,329. 02 1,008.42 • 676 95 LABORATORY OF THE BUREAU OF THE MINT. From the coinage of the calendar year 1912 the assayer of this bureau tested 170 gold and 378 silver coins, aU of which were found within the legal requirements as to weight and fineness. I n the gold coins the greatest deviation above standard (the legal limit being 1 point above or below) was 0.5 and below, 0.6. The greatest deviation of silver coins above standard (the legal limit being 3 points above or below) was 1.3 and below, 1.3. 350 REPORT ON T H E FINANCES. The following table summarizes these assays: Denver. Phhadelphla. San Francisco. Total. Fineness. • Gold, c Shver. 898.7 .9 899.1 .3 .4 .5 .6 .7 .8 .9 900.0 .1 .2 .3 4 .5 7 .9 901.1 3 -. 3 3 12 19 30 32 ,23 16 2 2 2 . . ... Total . ' Average fineness 144 ' 899.96 Gold. Shver. Gold. Shver. 1 2 10 15 1 4 29 13 46 4 47 14 44 15 20 13 15 15 2 1 2 7 4 1 5 6 234 899. 95 None. 76 900.11 1 1 2 4 5 7 5 1 Gold. 1 1 1 4 5 16 24 37 37 24 16 2 2 2 6 9 13 11 2 26 899.82 68 900.21 170 899.89 Silver. 1 2 12 20 47 59 74 70 48 27 12 2 4 378 900.09 Besides the coins tabulated above, two coins from the Philadelphia Mint on repeated assays showed wide variations, but within the limits above stated, in the composition of the metal within the coin. Twenty additional assays were made on this lot. There were also examined 32 Philippine silver coins from the San Francisco Mint, which were found to be within the legal requirements as to weight and fineness. PROCEEDINGS OF THE ASSAY COMMISSION, 1913. The following-named gentlemen were designated as commissioners to test and examine the weight and fineness of the coins reserved at the several mints during the calendar year 1912 pursuant to the provisions of section 3547 of the Revised Statutes: Dr. R. C. Benner, Pittsburgh, Pa.; Mr. Judson Brenner, De Kalb, IU.; Hon. Theo. Davidson, Asheville, N . C ; Mr. George M. Eckels, Chicago, 111.; Mr. L. A. Fischer, Bureau of Standards, Washington, D. C.; Mr. Charles R. Fitzpatrick, Warrenton, Ga.; Mr. WiUiam F . Gibson, St. Anthony, Idaho; Mr. A. J. Hazeltine, Warren, Pa.; Hon. James H . Manning, Albany, N. Y.; Mr. W. H . Starr, Decatur, 111.; Mr. Robert A. Roos, San Francisco, Cal.; Dr. Owen Louis Shinn, PhUadelphia, Pa.; Mr. Albert L. Smith, Helena, Mont.; Mr. Joseph W. Smith, Philadelphia, Pa.; Mr. Ambrose Swasey, Cleveland, Ohio; Mr. George Vaux, jr., Bryn Mawr, P a . ; Col. Richard J. Woods, Sioux Falls, S. Dak.; Mr. Addison B. Colvin, Glens Falls, N . Y. The commission met at the mint at Philadelphia on February 12, 1913, and Hon. James H . Manning was elected chairman. The following committees were appointed by the chairman with the approval of the commission: Committee on counting.—Mr. Hazeltine, chairman; Messrs. Eckels, Gibson, J. W. Smith, Starr, and Fitzpatrick. Committee on weighing.—Mr. Fischer, chairman; Messrs. Brenner and Vaux. 351 DIRECTOR OF THE M I N T . Committee on assaying.—Dr. Shinn, chairman; Messrs. Comings, Davidson, A. L. Smith, and Swasey. 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. Shver. Institutions. Pieces. Philadelphia Denver San Francisco: United States coin Philippine Islands coin Value. 1,969 $12,657.50 692 4,960.00 Pieces. Value. 12,688 7,031 $1,910.10 1,163.60 2,749 1,222 602.00 The committee on weighing reported that the working standards of the mint were compared with the standards in the possession of the mint which were certified to by the Bureau of Standards, test No. 9502, September 15, 1911. The 10-ounce and the 20-ounce weights were found to be correct to within 1 part in 250,000; the 30-ounce and 40-ounce weights were found to be correct to within 1 part in 150,000. The other weights, bothlarger and smaUer, were all found to be correct to within 1 part in 100,000. The peso, 50centavo, 20-centavo, and 10-centavo weights used in testing the Philippine coins were tested by comparison with the standards of the mint which had been verified by the Bureau of Standards, and the deviations from the statutory standard weights of the coins examined were aU within the legal limit of tolerance. The committee on assaying reported receivuig and making assays of coins reserved from the mints at PhUadelphia, San Francisco, and Denver, representing the deliveries made by the coiners to the superintendents during the calendar year 1912. The highest assay value of the gold coinage at the different mints (the limit of tolerance beiag one one-thousandth) is at— Philadelphia San Francisco 900.3 900.3 The lowest assay value of the gold coinage at the different mints (the limit of tolerance being one one-thousandth) is at— Philadelphia San Francisco 899.7 899.7 The highest assay value of the sUver coinage at the diSferent mints (the limit of tolerance being three one-thousandths) is at— Philadelphia San Francisco Denver 900.9 901.1 901.1 The lowest assay value of the sUver coinage at the different mints (the limit of tolerance being three one-thousandths) is at— Philadelphia San Francisco Denver 898.6 899.1 899.1 352 REPORT ON T H E FINANCES. The highest assay value of the PhUippine sUver coinage is at—^ San Francisco (pesos) San Francisco (subsidiary)., .' 801.1 760.0 , The lowest assay value of the PhUippine silver coinage is at— San Francisco (pesos) San Francisco (subsidiary)...". .* 799.6 748.8 The committee also tested the quartation sUver and found it free from gold, and the lead used in the assay of the gold buUion 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 therefore deem the assays exhibited in the accompanying schedules to be entirely trustworthy. COMMITTEE ON RESOLUTIONS. Mr. Eckels, chairman, submitted the report of the committee on resolutions, which was unanimously adopted, as foUows: Whereas the interest i n t h e national coin collection in the m i n t at Philadelphia is rapidly increasing because of its educational and historical value; and Whereas t h e collection is annually visited by thousands who are anxious to secure a souvenir of t h e m i n t ; and Whereas i n t h e near future t h e United States will consummate one of the greatest engineering projects of the world's history in completing the canal across the Isthmus of Panama: Now, therefore be i t Resolved, First. That the annual assay commission of 1913 hereby renews the recommendations of. prior commissions with reference to the maintenance and increase of the national coin collection <at the Philadelphia Mint. Second. T h a t t h e commission recommends t h a t an official souvenir m i n t medal of typical and characteristic design be struck, to be sold at a moderate price, and that the proceeds from such sales be devoted exclusively to the extension of the collection under the supervision of the Secretary of the Treasury. Third. T h a t t h e commission further recommends t h a t a suitable medal be struck to commemorate t h e opening of the Panama Canal. Be i t further Resolved, That t h e thanks of the commission be heartily tendered to Hon. George E . Roberts, Director of the Mint, Mr. J. W. Sheetz, and to the yarious officials and employees of the m i n t for^heir uniform courtesies extended during the session, Kespectfully submitted. '. GEORGE M . E C K E L S , Chairman. JUDSON B R E N N E R . 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 table, giving exports of gold through the port of ivTew York: DIRECTOR OF T H E 353 MINT. Statement of United States gold coin and gold bullion exported from the port of New York to Europe during thefiscal year erided June 30, 1913. 1912. July 1 15 A u g . 12 13 Sept. 9 Amount. Country. Date. France do Netherlands do do do $2,012,119 2,091,825 600 600 500 500 , . 1913. Jan. 8 France .. . do 11 15 . . . do do 17 20 . . . d o do 31 do Feb 3 do Mar. 7 7 Belgium 8 do 8 Netherlands 12 F r a n c e 14 do 15 G e r m a n y do . 18 19 . . . d o . A p r . 25 B e l g i u m . May 5 France . . . . do 9 do 14 . . . . dOi do 15 21 do . June 6 Belgium. . i - .-> . -.--. - 2,023,288 1,012,093 2,060,448 2,018,206 2,031,352 989,426 1,063,516 2,045,617 500,000 220,053 250,000 2,040,753 2,007,702 714,000 2,001,969 4,046,032 220,499 2,027,610 2,014,608 2,007,471 2,024,202 2,014,064 2,022,185 220,492 R a t e of exchange. • $4.8720 4.8735' 4.8740 4.8725 4.8720 4.8720 4.8610 4.8700 4.8700 4.8730 4.8740 4.8725 4.8735 4.8790 4.8790 4.8790 4.8790 4.8760 4.8695 4.8710 4.8710 4.8780 4.8675 4,8675 4.8660 4.8610 4.8640 4.8630 4,8650 4.8690 41,670,529 Total Recapitulation of gold exports to Europe. Classification. U n i t e d States coin Bullion . Germany. France. $714,000 $39,543,485 Total 714,000 39,543,485 Belgium. Netherlands. $600,000 661,044 $252,000 1,161,044 252,000 Grand total of exports to Europe $41,670,529 During the same period there were shipped to West Indies, Mexico, Central and South America, etc., the followiag: United States coin $23,835,353 Foreign coin 689,572 Total gold exports to other ports 24,524,925 Grand total of gold exports 66,195,454 The imports during the same period were as follows: From Europe: United States coin Foreign coin Foreign bullion Bullion In ore $1,168,453 640,931 9,572,477 7,288 Total gold Imports from Europe From other ports (West Indies, Central and South America, Cuba, etc.): United States coin Foreign coin Foreign bullion Bullion In ore 1,058,712 978,504 17,735,052 121,218 $11,387,149 Total gold Imports from other ports. 19,893,486 Grand total of gold imports 31,280,635 .16726°—FI 1913 23 354 REPORT NET EXPORTS, ON THE. FINANCES. UNITED STATES GOLD COIN. The net exports of United States gold coin since 1870 were as follows: Imports and exports of United States gold coin since 1870. Fiscal y e a r s . Imports. J a n . 1 t o J u n e 30— 1870 1871 1872 1873 1874 1875 1876 1877 1878 1879 1880 1881 1882. 1883 1884 1885 1886 1887. 1888 1889. 1890 1891 1892 1893 \ 0) $7,325,783 3,654,859 18,207,559 7,577,422 4,796,630 8,112,265 3,824,962 3,362,090 1,687,231 5,862, 609 5,181, 513 1,403,819 1,949,552 2,824,146 15^432,443 6,074,899 Exports. Fiscal years. $12,768,501 55,491,719 40,391,357 35,861,863 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 5,400,970 3,550,770 3,211,399 4,143,939 3,951,738 67,704,900 42,841,963. 101,844,087 J a n . I t o J u n e 30— Continued.. 1894 1895 . . . 1896 1897 1898 1899 1900 1901 1902 1903 . . . 1904 .1905 1906 1907 1908 1909 1910 1911 . 1912 1913 Total N e t exports'. Imports. Exports. $30,790,892 10,752,673 10,189,614 57,728,797 40,593,495 7,779,123 8,659,850 3,311,105 3,870,320 1,519,758 5,780,607 2,236,399 35,251,921 44,446,402 44,929,518 4,642,690 2,060,563 6,041,648 8,283,968 13,941,240 $64,303,840 55,096,639 77,789,892 23,646,535 8,402,216 27,419,737 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 86,329,314 20,651,276 25,877,378 34,238,021 438,067,067 1,274,787,960 836,700,893 1 Imports of United States gold coin not separately given prior to the fiscal year 1878. STOCK OF MONEY IN THE UNITED STATES. On June 30, 1913, the stock of domestic coins in the United States wa3 $2,363,115,066, as shown by the following table: OffiMal table of stock of coin in the United States June 30, 1913. Items. E s t i m a t e d stock of coin, J u n e 30,1912 N e t i m p o r t s U n i t e d S t a t e s coin, fiscal y e a r 1913 Coinaee fiscal v e a r 1913 . . . . Gold. ;.. Total Less: U n i t e d S t a t e s coin m e l t e d for recoinage (face v a l u e ) . . U n i t e d S t a t e s coin e s t i m a t e d t o h a v e b e e n u s e d i n arts N e t e x p o r t s U n i t e d S t a t e s coin, fiscalyear 1913 Total E s t i m a t e d stock of coin In t h e U n i t e d S t a t e s , J u n e 30, 1913.. . . • $1,615,248,998 Silver. TotaL 30,058,228 $738,866,225 1,668,707 3,448,382 $2,354,115,223 1,668,707 33,506,590 1,845,307,228 743,983,294 2,389,290,520 1,864,638 414,035 2,278,673 3,500,000 20,296,781 100,000 3,600,000 20,296,781 25,661,419 514,035 28,175,454 1,619,645,807 743,489,259 2,363,115,066 NQTE.^The number of standard silver dollars coined to June 30, 1913, 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 ret^rnedan Government transports, 496,859, equals 571,419,469. Since July 1,1898, the number of standard silver dollars exported in transports has been 2,495,000; and since 1883 the number melted to June 30,1913, has been 196,085 (see Report of the Director of the Mint, 1913); and the number of Hawaiian dollars melted to June 30,1913, has been 455,141, a total disposition of 3,148,206. leaving in the UnitedStates on June 30,1913,568,273,263 standard silver dollars and 175,195;996 dollars In subsidiary silver coins. 355 DIRECTOR OF T H E M I N T . Bullion i n mints and assay offices, June 30, 1913. Bullion. Gold Silver , . - -- - Value. $246,973,360 2,116,705 - Total 249,090,065 Metallic stock June 30, 1908, 1909, 1910, 1911, 1912, and 1913. J u n e 30,1908. J u n e 30,1909. J u n e 30,1910. J u n e 30,1911. J u n e 30,1912. J u n e 30,1913. Coin a n d bullion. $1,615,140,575 $1,640,567,131 $1,635,424,513 $1,753,134,114 $1,812,866,241 $1,866,619,167 727,078,304 723,694,695 733,250,073 732,002,448 741,184,095 745,585,964 Gold • Silver 2,338,735,170 2,373,817,204 2,362,502,817 2,485,136,562 2,654,040,336 Total 2,612,205,121 Ownership of gold and silver i n the United States, June 30, 1913. Silver coin a n d bullion. Ownership. Gold coin a n d bullion. SHver dollars. Subsidi a r y coin. Silver bullion. • Total silver. T o t a l gold a n d silver coin a n d bullion. ; U n i t e d S t a t e s T r e a s u r y (free) — $254,220,648 $27,017,478 $20,737,926 $2,116,706 $49,872,109 $304,092,757 • U n i t e d S t a t e s T r e a s u r y (for certiflcates o u t s t a n d i n g ) . . , 1,003,997,709 469,128,592 469,128,592 1,473,126,301 33,909,334 N a t i o n a l b a n k s ( J u n e 4 , 1 9 1 3 ) . . . . 143,762,659 13,720,873 20,188,461 177,671,993 N a t i o n a l b a n k s (for clearing89,443,500 i house certificates) 89,443,600 192,675,929 567,870,670 ' P r i v a t e b a n k s a n d i n d i v i d u a l s . . 375,194,641 58,406,320 134,269,609 Total 1,866,619,157 668,273,263 176,196,996 2,116,705 745,585,964 2,612,205,121 .. Location of moneys of Uniteci States June 30, 1913. Money. I n Treasury. I n National banks J u n e 4,1913. In.other banks a n d In circulation. Total. METALLIC. Gold bullion Silver bullion Gold coin Silver dollars S u b s i d i a r v silver coin T o t a l metallic $246,973,350 2,116,705 1,011,245,007 496,146,070 20,737,926 1 $233,206,159 13,720,873 20,188,461 $375,194,641 58,406,320 134,269,609 $246,973,350 2,116,705 1,619,645,807 568,273,263 175,196,996 1,777,219,068 267,115,493 667,870,570 2,612,205,121 9,465,836 3,330 43,403,670 189,908,013 2 63,106,604 147,307,167 2,656,670 662,647,632 346,681,016 2,660,000 759,157,906 1,108,498,922 ^ PAPER. 0 Legal-tender notes (old Issue) Legal-tender notes ( a c t J u l y 14,1910) N a t i o n a l b a n k notes T o t a l notes 52,872,836 263,014,617 802,611,489 Gold certificates Silver certificates 82,949,460 14,421,408 277,813,310 133,339,825 726,184,399 335,788,767 97,370,868 411,153,135 1,061,973,166 1,927,462,762 931,283,245 2,432,455,206 T o t a l certificates G r a n d total 1 Includes $89,443,500 gold clearing-house certificates. 2 Includes $11,667,796 of their own, held by different national banks. 3,720,704,043 356 REPORT ON T H E FINANCES. Estimated stock of gold and silver in the United States and the amount per capita at .the close of each fiscal year since 1873. T o t a l stock of coin a n d bullion. Fiscal y e a r e n d e d J u n e 30— Gold. 41,677,000 42, 798,000 43,951,000 45,137,000 48,353,000 47,598, 000 48,886,000 50,155, 783 51,318,000 52,496,000 53,693,000 54,911, 000 56,148,000 57,404,000 58,680, 000 69,974,000 61,289,000 62,622, 250 63,975,000 66,520,000 68,946,000 68,397,000 69,878,000 71,390,000 72,937,000 74,622,000 76,148,000 76,891,000 77,764,000 79,117,000 80,847,000 81,887,000 83,259,000 84,662,000 86,074,000 87,498,000 88,926,000 90,363,000 93,983,000 95,666,000 97,337,000 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, 1910; 1911. 1912. 1913. Per capita. Population. $136,000,000 147,,379,493 121,,134,906 130,,058,907 167,,501,472 213,,199,977 246,.741,837 351,841,206 478,484, 538 508,767,715 542,732,063 546,500,797 588,697,038 590,774,461 654,620,336 705,818,865 680,063.505 695,563,029 646,582,862 664,,275,336 597,897,885 627,293, 201 636,229,825 599,597,964 696,,270,542 861,514,780 982,866.506 1,034,439,264 1,124,662,818 1,192,395,607 1,249,552,758 1,327,872,672 1,357,881,188 1,472,995,209 1,466,056,632 1,615,.140,676 1,640,, 667,131 1,635,424,513 1,753,, 134,114 1,812,,866,241 1,866,,619,167 SUver. $8,149,305 10,365,478 19,367,995 36,416,992 56,464,427 88,047,907 117,526,341 148,