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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 

1908 



/With Appendices 




WASHINGTON 

GOVERNMENT PRINTING CMTICE 

1906 



Tbbasurt Department, 
Document No. 2523. 



\J<^%^^s> ' 



coisrTEisrTs. 



Pagre. 

Receipts and Disbursements 1 

Receipts, fiscal year 1908 1 

Disbureements, fiscal year 1908 2 

Condition op the "Treasury, June 30, 1908 3 

Comparison of Receipts, Fiscal Years 1907 and 1908 5 

Comparison op Disbursements, Fiscal Years 1907 and 1908 6 

Estimated Revenues and Expenditures, Fiscal Year 1909 10 

Estimated Revenues, Fiscal Year 1910 10 

Estimates op Appropriations, Fiscal Year 1910 11 

Reports op Bureaus and Offices 12 

Operations of the Treasury 12 

Loans and Currency 15 

Public Moneys 16 

Summary of Financial Operations of the Treasury from July 1, 1901, to 

July 1, 1908 16 

National Banks 23 

Bank examinations 28 

Amendment of the National Banking Laws 30 

New vault 40 

Operations op the Mint 41 

Earnings and expenditures 41 

Mint service 42 

Production of gold and silver and consumption in the industrial arts 42 

Purchases of silver 42 

New designs for coins 43 

Numismatic collection 44 

Engraving and Printing 44 

Secret Service 47 

Dlstrict op Columbia 48 

State Bonds and Stocks Owned by the United States 49 

Central Pacific and Western Pacific Debt 49 

Territory op Hawaii 49 

Internal Revenue 49 

Denatured alcohol 51 

Customs Administration 52 

Customs receipts 53 

Former recommendations 53 

Sudden changes unjust 54 

Uniformity necessary 54 

Mail importations 55 

New baggage regulations 55 

Limoges china agreement 55 

Foreign chambers of commerce 56 

Enforcement of the pure-food law 58 

Court of customs appeals 58 

Public Buildings 59 

I^^slation 61 

Statement of buildings 61 

Statements of appropriations for public buildings, July 1, 1907, to June 

30, 1908 61 

Expenditures during the fiscal year 61 

Contract liabilities existing on June 30, 1908 61 

Balances available on June 30, 1908 62 

Sites for new buildinfis in the District of Columbia 62 

Branch poet-office at N ew York 62 



III 



206580 



IV CONTENTS. 

Page. 

Public Health and Marine-Hospital Service 63 

Bureau of Public Health.. 63 

Plague in San Francisco and vicinity 63 

Plague in Seattle, Wash 64 

Plaeue in other countriea 64 

Yellow fever 65 

Cholera 65 

Smallpox 65 

Rabies 65 

Investigation of typhoid fever in the District of Columbia 65 

Leprosj^ Investigation Station, Molokai, Hawaii 65 

Supervision over the manufacture and sale of viruses, serums, and toxins. 66 

Standardization of tetanus antitoxin 66 

The Hygienic Laboratory 66 

Sanitary conferences 66 

International sanitary conventions 67 

International Congress on Tuberculosis 67 

National quarantine 67 

Medical inspection of immigrants 68 

Sanitary bulletins and reports 69 

Marine hospitals and relief 66 

Personnel 69 

Expenditures .^ 70 

Legislation 70 

Revenue-Cutter Service 71 

Vesseli 72 

Legislation 72 

Transfer of Fort Trumbull 72 

Life-Saving Service 73 

Jamestown Exposition 75 

Double-Entry System op Bookkeeping 78 

Disbursing Officers 78 

Surety Bonds 79 

Printing and Binding 80 

Stationery 81 

Hall op Records 82 

Separate Building for Auditors 83 

Reducing Unnecessary Movements of Gold 84 

The Regulation op the Budget 86 

Economies in Administration 88 

Revision of the Tariff 89 

Currency Legislation 89 

Tables accompanying the report. 

Table A. — Statement of the outstanding principal of the public debt of the 

United States June 30, 1908 93 

Table B. — Statement of the outstanding principal of the public debt of the 
United States on the 1st of January of each year from 1791 to 1843, 
inclusive; and on the 1st of July of each year from 1843 to 1908, 

inclusive 107 

Table C. — Analysis of the principal of the public debt of the United States 

from July 1, 1856, to July 1, 1908 108 

Table D. — Statement of the issue and redemption of loans and Treasury notes 

(by warrants) for the fiscal year ended June 30, 1908 112 

Table E. — Statement showing the purchase and redemption of bonds on ac- 
count of the sinking fund during each fiscal year from its institu- 
tion in Mav, 1859, to and including June 30, 1908 113 

Table F.— Sinking-fund account for fiscal year 1908 122 

Table G. — Population, net receipts, and net disbursements of the Government 
from 1837 to 1908, exclusive of postal, and per capita of the re- 
ceipts and per capita of disbursements 123 

Table IL— Internal and customs receipts and expenses of collecting from 1858 

to 1908 124 



CONTENTS. V 

Paget 
Table I. — Statement showing the receipts and disbursementfl of the Govern- 
ment 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 Julv, 1896, to June, 1908, inclusive 125 

Table J. — Statement or receipts of the United States from March 4, 1789, to 
June 30, 1908, by calendar years to 1843 and by fiscal years 

(ended June 30) from that time 130 

Table K. — Statement of disbursements of the United States from March 4, 1789, 
to June 30, 1908, by calendar years to 1843 and by fiscal years 

(ended June 30) from that time ^ 134 

Table L.— Comparative statement of receipts and expenditures of the Post- 
Omce Department from July 1, 1836, to June 30, 1908, as shown 

by report of the Auditor for the Post-Office Department 138 

Table M. — Statement of the coin and paper circulation of the United States 
from 1860 to 1908, inclusive, with amount of circulation per 

capita , 139 

Table N .—Statement of United States bonds and other obligations received and 
issued by the office of the Secretary of the Treasury from No- 
vember 1, 1907, to October 31, 1908 140 

Table O. — Statement showing the aggregate receipts, expenses, average num- 
ber of persons employed, and cost to collect internal revenue in 
the several collection districts during the fiscal year ended June 

30, 1908 140 

Table P. — Statement of customs business for the fiscal year ended June 30, 

1907 142 

Report of the Treasurer 146-278 

Revenues and expenditures for 1907 and 1908 149 

Revenues and expenditures for the first quarter of 1908 and 1909 150 

Receipts and disbursements on account of the Post-Office Department 150 

Transactions in the public debt 151 

The public debt, 1907, 1908, and first quarter of 1909 151 

Payment of Spanish indemnity certificates 152 

Purchase of certificates of indebtedness 152 

Redemption of the funded loan of 1907... 152 

The panic of 1907 and measures of relief 153 

The reserve and trust funds .• 154 

Redemption of notes in gold 154 

State 01 the Treasury, general fund — cash in the vaults 1 55 

Net available cash balance, 1896 to 1908 156 

Gold in the Treasury from 1897 157 

Bonds held as security for national-bank circulation and deposits 158 

Withdrawal of bonds to secure circulation 159 

National banks designated as depositaries 159 

Classification of depositaries by States and sections 159 

Public deposits in national banks 1 60 

Unavailable funds of the General Treasury 166 

The monetary stock, 1907, 1908, and first quarter of 1909 166 

Ratio of gold to total stock of money 168 

Money in circulation 168 

Circulation and population 169 

Condition ol the United States paper currency 169 

United States notes 170 

Treasury notes of 1890 1 70 

Gold certificates 171 

Silver certificates 171 

Changes in denominations during fiscal year 1 908 1 72 

Denominations outstanding September 30, 1908 172 

Ratio of small denominations to all paper 173 

Demand for small notes 173 

Coet of paper currency 1 73 

Average life of paper currency 174 

Paper currency prepared for issue and amount issued 1 75 

Paper currency redeemed 177 

Standard silver dollars 178 

Subsidiary silver coin 17J> 



VI CONTENTS. 

Report op the Treasurer — Continued. Pago- 
Minor coins : . . . 179 

Transfers for deposits in New York — money for moving the crops 181 

Gold deposits in mints and assay offices, 1906, 1907, and 1908 185 

Accumulation of gold at San Francisco 185 

Shipments of currency from Washington, 1907 and 1908 185 

The recoinage, 1907 and 1908 186 

Redemption and exchange of all kinds of money 186 

Redemption of national-bark notes 187 

Spurious issues detected in the fiscal year 188 

Special trust funds and changes therem during the fiscal year 188 

District of Columbia sinking lund 189 

Tables accompanying report of the Treasurer. 

No. 1. — Revenues and expenditures for the fiscal year 1908 191 

No. 2. — Net ordinary revenues and expenditures for each quarter of the 

fiscal year 1908 191 

No. 3.— Receipts and expenditures on account of the Post-Office Depart- 
ment for the fiscal year 1908 192 

No. 4. — Post-Office Department warrants issued, paid, and outstanding 

for the fiscal year 1908 192 

No. 5. — Receipts and disbursements of each kind of money on all accounts 

at tne Treasury, in Washington, for the fiscal year 1908 193 

No. 6. — Receipts and disbursements oi each kind of money on all accounts 

at tne subtreasury in Baltimore for the fiscal year 1908 194 

No. 7. — Receipts and disbursements of each kind of money on all accounts 

at tne subtreasury in New York for the fiscal year 1908 195 

No. 8.— Receipts and disbursements of each kind of money on all accounts 

at tne subtreasury in Philadelphia for the fiscal year 1908 196 

No. 9. — Receipts and disbursements of each kind of money on all accounts 

at tne subtreasury in Boston for the fiscal year 1908 197 

No. 10.— Receipts and disbursements of each kind of money on all accounts 

at tne subtreasury in Cincinnati for the fiscal year 1908 198 

No. 11.— Receipts and disbursements of each kind of money on all accounts 

at the subtreasury in Chicago for the fiscal year 1908 199 

No. 12. — Receipts and disbursements of each kind of money on all accounts 

at tne subtreasury in St. Louis for the fiscal year 1908 200 

No. 13.— Receipts and disbursements of each kind of money on all accounts 

at tne subtreasury in New Orleans for the fiscal year 1908 201 

No. 14. — Receipts and disbursements of each kind of money on all accounts 

at tne subtreasury in San Francisco for the fiscal year 1908 202 

No. 15.— Total receipts and disbursements ot each kind of money on all 

accounts at the Treasury offices for the fiscal year 1908 203 

No. 16.— Assets and liabilities of the Treasury offices, June 30, 1908 204 

No. 17.— Assets of the Treasury in the custody of mints and assay offices, 

June 30, 1908 205 

No. 18. — General distribution of the assets and liabilities of the Treasury. . 206 

No. 19.— Distribution of the General Treasury balance, June 30, 1908 206 

No. 20. — Available assets and net liabilities of the Treasury at the close of 

June, 1907 and 1908 207 

No. 21.— Assets and liabilities of the Treasury in excess of certificates and 

Treasury notes at the close of June, 1907 and 1908 207 

No. 22.— Unavailable funds of the Treasury and Post-Office Department. . 208 

No. 23. — Estimated stock of gold coin and bullion, the amount in the 
Treasury, and the amount in circulation at the end of each 
month from January, 1902 209 

No. 24.— Estimated stock of silver coin, the amount in the Trea8ur>-, and 
the amount in circulation at the end of each month, from Janu- 
ary, 1902; also silver, other than stock, held in the Treasury. . 213 

No. 25.— United States notes, Treasury notes, and national-bank notes 
outstanding, in the Treasury, and in circulation at the end ot 
each montn, trom January, 1902 217 

No. 26. — Gold certificates and silver certificates outstanding, in the Treas- 
ury, and in circulation at the end of each month, irom January, 
1902 221 



CONTENTS. VII 

Report of the Treasurer — Continued. Page- 

No. 27. — Estimated stock of all kinds of money at the end of each month, 

from January, 1902 225 

No. 28. — Estimated amount of all kinds of money in circulation at the end 

of each month, from January, 1902 226 

No. 29. — Assets of the Treasury other than gold, silver, notes, and certifi- 
cates at the end of each month, from January, 1902 227 

No. 30.— Assets of the Treasury at the end of each month, from January, 

1902 228 

No. 31. — Liabilities of the Treasury at the end of each month, from January, 

1902 229 

No. 32.— United States notes of each denomination issued, redeemed, and 

outstanding at the close of each fiscal year, from 1902 230 

No. 33. — Treasury notes of 1890 of each denomination issued, redeemed, and 

outstanding at the close of each fiscal year, from 1902 232 

No. 34. — Gold certificates of each denomination issued, redeemed, and out- 
standing at the close of each fiscal year, from 1902 233 

No. 35. — Silver certificates of each denomination issued, redeemed, and out- 
standing at the close of each fiscal year, from 1902 234 

No. 36. — Amount of United States notes. Treasury notes, gold and silver cer- 
tificates of each denomination issued, redeemed, and outstand- 
ing at the close of each fiscal year, from 1902 235 

No. 37.— Amount of paper currency of eacn denomination outstanding at the 
' close of eacn fiscal vear, from 1902 237 

No. 38.— Old demand notes of each denomination issued,' redeemed, and 

outstanding June 30, 1908 238 

No. 39. — Fractional currency of each denomination issued, redeemed, and 

outstanding June 30, 1908 239 

No. 40. — Compound-interest notes of each denomination issued, redeemed, 

and outstanding June 30, 1908 239 

No. 41. — One and two year notes of each denomination issued, redeemed, 

and outstanding June 30, 1908 239 

No. 42.— United States paper currency of each class, together with one and 
two year notes and compound-interest notes issued, redeemed, 
and outstanding June 30, 1908 239 

No. 43. — United States notes and Treasury notes redeemed in gold, and im- 
ports and exports of gold during each month^ from January, 1902 240 

No. 44.— United States notes and Treasury notes redeemed in gold, and im- 
ports and exports of gold during each fiscal year, from 1895 241 

No. 45. — ^Ti^ury notes of 1890 retired by redemption in silver dollars, and 
outstanding, together with the silver in the Treasury purcha8e<l 
by such notes, for each month, from January, 1902 241 

No. 46. — Transactions between the subtreasury and clearing house in New 

York during each month, from January, 1902 242 

No. 47.— Amount of each kind of money used in settlement of clearing- 
house balances against the subtreasury in New York during 
each mouth, from January, 1902 243 

No. 48. — Shipments of silver coin from each office of the Treasury and 

Mint, from July 1, 1885 245 

No. 49.— Shipments of silver coin from the Treasury offices and niinta during 
each fiscal year, from 1895, and charges thereon for transporta- 
tion 245 

No. 50. — Balance in the Treasury, amount in Treasury offices, and amount 

in depositary banks, from 1789 to 1908 246 

No. 51 .—National banks designated depositaries of public moneys, with the 

balance held by each September, 30, 1908 248 

No. 52.— Number of national banks with semiannual duty paid, by fiscal 
years, and number of depositaries with bonds as secunty, by 
fiscal years 263 

No. 5^i. — Average amount of national-bank notes in circulation, and amount 
of duty paid thereon, during the fiscal year 1908, by national 
banks, in each State and Territory 263 

No. 54.— Receipts and disbursements of public moneys through national- 
bank depositaries, by fiscal years, from 1895 264 

No. 55.— Seven-thirty notes issued, redeemed, and outstanding June 30, 

1908 264 



VIII CONTENTS. 

Report of the Treasurer — Continued. P»g«- 

No. 56. — Coupons from United States bonds and interest notes paid during 

the fiscal year 1908, classified by loans 264 

No. 57.— Checks issued for interest on registered bonds during the fiscal year 

1908 265 

No. 58.— Interest on 3.65 per cent bonds of the District of Columbia paid 

during the fiscal year 1908 265 

No. 59.— Refunding certificates issued under the act of February 26, 1879, 
converted into bonds of the funded loan of 1907, purchased, re- 
deemed, and outstanding. 265 

No. 60.— Public debt at the close of June, 1907 and 1908, and changes dur- 
ing the year 266 

No. 61.— United States bonds retired, from May. 1869, to June 30, 1908 267 

No. 62.— Bonds and other securities retired for the sinking fund during the 

fiscal year 1908, and total from May, 1869 268 

No. 63.— Public debt, exclusive of certificates and Treasiu-y notes, at the 

end of each month^ from January, 1902 269 

No. 64. — Lawful money deposited in the Treasury each month of the fiscal 

year 1908 for the redemption of national-bank notes 270 

No. 65.— Disbursements from redemption accounts of national banks each 

month of the fiscal year 1908 270 

No. 66.— National-bank notes received for redemption from the principal 
cities and other places each month of the fiscal year 1908, in 
thousands of dollars 270 

No. 67. — National-bank notes outstanding at the end of each month, and 

monthly redemptions, from January, 1901 271 

No. 68.— Redemptions and deliveries of national-bank notes each month 

of the fiscal year 1908 271 

No. 69.— Redeemed national-bank notes delivered from the Treasury each 

month of the fiscal year 1908 272 

No. 70. — Assets and liabilities of the 5 per cent redemption fund of national 

banks at the end of each month of the fiscal year 1908. 272 

No. 71.— National-bank notes received for redemption from the principal 
cities and other places, by fiscal years, from 1895, in thousands 
of dollars 272 

No. 72. — Result of the count of national-bank notes received for redemp- 
tion, by fiscal years, from 1895 273 

No. 73.— Disposition made of the notes redeemed at the National Bank Re- 
demption Agency, by fiscal years, from 1895 273 

No. 74. — Mode of payment for notes redeemed at the National Bank Re- 
demption Agency, by fiscal years, from 1895 274 

No. 75. — Deposits, redemptions, assessments for expenses, and transfers 
and repayments on account of the 5 per cent redemption fund 
of national banks, by fiscal years, from 1895 274 

No. 76.— Deposits, redemptions^ and transfers and repayments, on account 
of national banks failed, in liquidation, and reducing circula- 
tion, by fiscal years, from 1895 227 

No. 77. — Expenses incurred in the redemption of national-bank notes, by 

nscal years, from 1895 276 

No. 78. — General cash account of the National Bank Redemption Agency 

for the fiscal year 1908, and from July 1, 1874 276 

No. 79. — Average amounts of national-bank notes redeemable and amounts 

redeemed, by fiscal years, from 1895 276 

No. 80. — Percentage of outstanding national-bank notes redeemed and 

assorted each fiscal year, from 1899, by geographical divisions. . 277 

No. 81. — Average amount of national-bank notes outstanding, and the re- 
demption, by fiscal years, from 1875 278 

No. 82.— Changes daring the fiscal year 1908 in the force employed in the 

Treasurer's office 278 

No. 83. — Appropriations made for the force employed in the Treasurer's 

office, and salaries paid during the fiscal year 1908 278 

Report of the Director op the Mint 279-407 

Operations of the year 279 

New designs for gold coinage 279 

The Biglow-Pratt designs for the half-eagle and quarter-eagle 280 

Medal department at mint at Philadelphia 281 

Cost of coinage, 1908, as shown by the cost reports 281 



CONTENTS. IX 

Report of the DiRECfOR of the Mint — Continued. Pa«B. 

Life of coinage dies 281 

Electrolytic refining 282 

Enlaigement of assay oflSce at New York 282 

Improvements in melting 283 

Restoration of the motto "In God we trust" 283 

Assay oflSce at Salt Lake City 284 

Use of cupric chloride in toughening brittle ingot melts 284 

United States gold coin in Canada 284 

Deposits of gola bullion 284 

Deposits and purchases of silver 286 

Recapitulation of gold and silver deposits 288 

Deposits of gold since 1873 288 

Deposits of silver since 1885 288 

Coinage of the United States 290 

Recoinage of standard silver dollars 290 

Recoinage of uncurrent silver coin 290 

Coinage of the United States, weight and value since 1873 291 

Coinage for Philippine Islands 291 

Recoinage of Philippine coins 292 

Weight and fineness of Philippine coins 292 

Coinage for Mexico 292 

Recoinage of Hawaiian coins 292 

Bars manufactured 293 

Work of Government refineries 293 

Purchases of silver 294 

Balances of silver bullion 297 

The market price of silver 298 

Distribution of silver dollars 298 

Seigniorage on silver coinage 298 

Appropriations and expenditures 299 

Earnings and expenditures of refineries 300 

Appropriationn and expenditures of the office of the Director of the Mint, 

fiscal year 1908 301 

Earnings and expenditures, mints and assay offices 302 

Classified statement of expenditures 302 

Laboratory of the Bureau of the Mint 302 

Proceedings of the assay commission, calendar year 1907 303 

Operations of the mints of the United States. . /. 306 

Philadelphia, Pa 306 

San Francisco, Cal 312 

New Orleans, La 317 

Denver, Colo 321 

Operations of the assay offices: 

New York 324 

Carson, Nev 327 

Boise, Idaho 327 

Helena, Mont 328 

Charlotte, N. C 328 

St. Louis, Mo 329 

Deadwood, S. Dak 329 

Seattle, Wash 330 

Percentage of loss in melting 332 

Summary of operations 332 

Bullion operations, legal allowance, and wastage, fit»cal year 1908 332 

Ingots made and coin condemned 334 

Wastage and loss on sale of sweeps 334 

Receipts and disposition of gold oullion, 1908 335 

Balances, receipts, and disbursements 336 

Cost of maintenance 336 

Freight charges on bulHon and coin 336 

Movement of gold from port of New York 337 

Net exports United States gold coin 338 

Stock of money in the United States 338 

Stock of gold and silver in the United States since 1873 340 

Worid's stock of money December 31, 1907 341 

Oold and silver used in the industrial arts in the United States, 1907 344 



X CONTENTS. 

Report op the Director op the Mint — Continued. Page. 

Exchange of gold bare for gold coin 347 

World's industrial consumption of precious metals, 1907 347 

Production of gold and silver in the United States in 1907 347 

World's coinage, 1905, 1906, and 1907 348 

World's coinage, by calendar years, since 1873 349 

Foreign coins melted by certain countries 349 

United States coins imported and melted by various countries 350 

Recoinages of the worla 350 

Value of foreign coins 351 

Monetary statistics of foreign countries 353 

Experiments in refining by air blast 354 

Adjusting scales 356 

Use of cupric chloride in toughening gold ingots 357 

Making nickel ingots and disposing of troublesome oxides 357 

Accurate method for obtaining low grade contents in Dor6 bullion 358 

Tables accompanying the report of the Director of the Mini. 

No. ] .—Domestic production, deposits and purchases of gold, by weight. 360 

No. 2.— Domestic production, deposits and purchases of gold, by value . . 362 

No. 3.— Domestic production, deposits and purchases of silver, by weight 364 

No. 4.— Domestic production, deposits and purchases of wlver, by value. 366 

No. 5. — Bars manufactured, by weight 366 

No. 6.— Bare manufactured, by value 368 

No. 7.— Coinage fiscal year, 1908 368 

No. 8. — Uncurt^nt domestic coins, by denominations and face values, 

received from the Treasury and purchased over the counter.. . 372 

No. 9.— Asset** and liabilities, fiscal year 1908 374 

No. 10.— Earnings and expenditures, fiscal year 1908 376 

No. 15.— Summary of imjiorts and exports 378 

No. 16. — Transit and transshipment of gold and silver 379 

No. 17.— Seigniorage on silver, fiscal year 1908 '... 380 

No. 18.— Average price of an ounce of gold in London and equivalent value 

in United States since 1870 381 

No. 19.— Bullion value of the silver dollar at the annual average price of 

silver from 1837 381 

No. 20.— Production of gold and silver in the Unitea States since 1792, by 

yeara : 382 

No. 21.— Coinage of nations, 1905, 1906, and 1907 383 

No. 22.— World^s production of gold and silver, 1905, 1906, and 1907 384 

No. 23. — Production of gold and silver in the world since 1493, fine ounces 

and values 387 

I^o. 24.— Statements of expenditures, mints and assay offices, for supplies 

1908 388 

No. 25.— Authority for coining, changes in weight and fineness, and amount 

coined of each coin 394 

No. 26. — C<Hnage of the United States, from organization of mint 396 

Report of the Comptroller op the Currency 409-494 

Condition of national banks 409 

Deposits, reserve and lawful money in bank. . . .» 413 

Classification of loans 414 

Rates for money. 418 

State bonds, etc., available as security for additional circulation 418 

Capital stock of national banks 421 

United States bonds, etc 422 

National-bank circulation 423 

Earnings and dividends of national banks 426 

Expenses of national banks 426 

Organization of national banks 427 

Changes in titles of national banks 432 

Extension of corporate existence of national banks 433" 

Liquidations 433 

National-bank examinations 435 

State, sa vines, private banks, and loan and trust companies 438 

Consolidated returns from state, savings, private banks, and loan and trust 

companies 439 



CONTENTS. XI 

Report op thb Comptroller op the C'urrbncy — Continued. Page. 

State banks 441 

Savings banks of the United States 441 

Mutual savings banks 442 

Stock savings banks 443 

Mutual and stock savings banks 44S 

Interest rate paid by savings banks 446 

Private banks 446 

Loan and trust companies 447 

Capital stock of national and other banks 448 

Individual deposits in banks of the United States 448 

Money in banks of the United States 452 

Distribution of money in the United States 454 

Loans of national and other banks 456 

Bank resources 456 

Banks and banking in the island possessions 457 

Philippines 457 

Agricultural banks 458 

Postal savings banks 460 

Porto Rico 460 

Hawaii 461 

State and private bank failures 461 

Growth of Danking in the United States 463 

Banking power of the United States 470 

School savings banks 470 

Building and loan associations 470 

Clearing-house transactions 472 

Clearing-house certificates 472 

Foreign banks of issue 474 

Foreign savings banks 475 

Postal savings banks 477 

Banking power of the world 477 

Oklahoma deposit guaranty law 478 

National bant legislation, 1908 481 

Insolvent national banks 488 

Report op the Register op the Treasury 495-517 

Duties of the Register 495 

Ix)an8 and currency, division of 495 

New bonds received 496 

Schedules of interest 496 

Bonds issued 497 

Four per cent bonds, funded loan of 1907, redemption of bonds canceled . . 498 

Bonds issued and canceled during last ten years 499 

Panama Canal loan 499 

Philippine Islands and city of Manila bonds 499 

Redemption of 4 per cent bonds, funded loan of 1907 499 

Loan of the city of Manila 499 

Loans of Philippine Islands 499 

Dividends of interest prepared on registered bonds 500 

Unissued bonds on hand 501 

Spanish indemnity certificates 502 

Bonds delivered to committee for destruction 502 

Summary statement showing disposition of bonds 502 

Coupons delivered to committee Tor destruction 503 

Packages received and sent 503 

Notes, coupon, and currency, division of 503 

Coupon bonds 503 

Excnangcd, redeemed, and transferred coupon bonds 504 

Coupons 50S 

Place of payment, number, and amount of coupons received 505 

Redeemed detached coupons received 505 

Coupons on file June 30, 1908 508 

Coupons received for registration, fiscal year 1894-95 to 1907-8 508 

Currency 509 

Different classes of notes received and destroyed 509 

Old demand notes, etc., received for count, etc 511 

Gold certificates 511 



XII CONTENTS. 

Report of the Register of the Treasury— Continued. Page. 

Interest checks 511 

Interest checks received 511 

Place of payment, number, and amount of interest checks received 512 

Redeemed interest checks on file June 30, 1908 514 

Issue, redemption, and outstanding of old issues of the Government 514 

Interest checks received, fiscal year 1894-95 to 1907-8 514 

Redeemed vouchetB on file June 30, 1908, classification, total number and 

amount of 516 

Redeemed vouchers received, canceled, and destroyed to June 30, 1908 516 

Report op the Commission eb of Internal Revenue 519-539 

Receipts 519 

Receipts in large tax-paying States and districts 519 

Cost of collecting the internal revenues 522 

Denatured alcohol 522 

Production of denatured alcohol 523 

Specially denatured alcohol 524 

Completely denatured alcohol 525 

Denaturea alcohol distilleries 525 

European investigation 525 

Development of the use of denatured alcohol in the United States 528 

Receipts for first three months, fiscal years 1908 and 1909 compared 529 

Cost 01 collection 531 

Expenditures from appropriation, ''withdrawal of denaturalized alcohol". 531 

Estimated expenses for next fiscal year 531 

Salaries 532 

Scale of salaries of collectors 532 

Official force 533 

Storekeepers, gangers, etc 534 

Internal-revenue receipts during the last two fiscal years compared 534 

Withdrawals for consumption during the last two fiscal years compared. . 536 
Araregate collections msuie and reported to the Commissioner of Internal 

Revenue during the fiscal year 1908: 

By collection districts 537 

By States and Territories 538 

Amount of internal revenue collected in the several States, Territories, etc., 

that have been consolidated with other districts for the fiscal year 1908. . 538 

Receipts for the past ten fiscal years 539 



ANNUAL REPORT ON THE FINANCES. 



Treasury Departbcent, 
WashiTiffton, D. (7., December 7, 1908. 

Sm: I have the honor to submit the following report: 
Receipts and Disbursements. 

Fiscal year 1908 

RECEIPTS 
(See dctaili in tabic, p 5.) 

The receipts of the Government by warrants for the fiscal year 
ended June 30, 1908, were: 

Firom customs $286,113,130.29 

From internal revenue 251, 711, 126. 70 

Firom sales of public lands 9,731,560,23 

From miscellaneous, including $7,983,414.52 trust 

funds 53,570,301.31 

$601,126,118.53 

YtQim postal revenues 191, 478, 663. 4 1 

Total ordinary receipts, including postal 792, 604, 78L 94 

Public debt: 

Gold certificates issued $378, 360, 000. 00 

Silver certificates issued 302,356,000.00 

United States notes issued 123,610,000.00 

Certificates of indebtedness issuea 15, 436, 600. 00 

National bank-note fund 64,333,136.50 

Panama Canal bonds issued 24, 631, 980. 00 

Premium thereon 735,788.67 

Total receipts on account of public debt 909, 463, 405. 17 

te of receipts, including public debt 1, 702, 068, 187. 11 

ice in Treasury by warrants June 30, 1907 1, 610, 665, 977. 69 

Total account by warrants for the year 1908 3,312,734,164.80 

5871(>— Fi li>OS 1 



2 BEPORT ON THE FINANCES. 

DISBURSEMENTS. 
(See details in table, pp. G to 10.) 

The disbursements by warrants for the fiscal year ended June 30, 
1908, were — 

For civil establishment, including foreicin inter- 
course, public buildings, collecting the reve- 
nues. District of Columbia, grants from the 
Treasury for deficiencies in tne postal revenues, 
$12,888,040.94, and miscellaneous expenses, in- 
cluding payment of special funds and trust 
funds $175,420,408.67 

For military establishment, including rivers and . 
harbors, forts, arsenals, seacoast defenses, 
Panama Canal, and expenses on accoimt of war 
with Spain and in the Philippines, and miscel- 
laneous, including payment of special fimds 
and trust funds 175,840,452.99 

For naval establishment, including construction 
of new vessels, machinery, armament^ equip- 
ment, improvement at navy-yards, expenses on 
account of war with Spain and in the Philippines, 
and miscellaneous, including payment of special 
funds and trust funds 118,037,097.16 

For Indian Service, including payment of special 

funds and trust funds 14, 579, 756. 75 

(Trust-fimd payments distributed in above 
statement amount to $8,424,169.85.) 

For pensions 153,892,467.01 

For interest on the public debt 21,426,138.21 

$659,196,319.68 

For postal service out of the postal revenues, exclusive of grants 
from the Treasury of $12,888,040.94 for deficiencies in the rev- 
enues charged in expenses of civil establishment 191, 478, 663. 41 

Total ordinary disbursements, including postal 850, 674, 983. 09 

Public debt redemptions: 

Gold certificates $236, 821, 000. 00 

Silver certificates 303,783,000.00 

Treasury notes of 1890 1,006,000. 00 

United States notes 123,610,000.00 

Certificates of indebtedness 1, 250, 000. 00 

Funded loan of 1907 : 33,060, 600. 00 

National-bank note fund 39, 635, 166. 60 

Miscellaneous redemptions 46, 160. 00 

Total disbursements on account of public debt 739, 111, 906. 60 

to of disbursements, including public debt 1, 689, 786, 889. 69 

fance in Treasury by warrants June 30, 1908 1, 722, 947, 275. 21 

Total account by warrants for the year 1908.... 3,312,734,164.80 

From the foregoing statements it appears that — 

The ordinary receipts including postal were $792, 604, 78L 94 

The ordinary disbursements including postal were 850, 674, 983. 09 

Excess of ordinary disbursements over ordinary receipts 68, 070, 20L 16 

The excess of receipts over disbursements on account of the public 
debt were 170,351,498.67 

Difference and net increase of Treasury balance for 1908, by 
warrants 112, 281, 297. 62 



SECBETARY OF THE TBEASUBY. 3 

Cash in thb Tbeasitbt, as Per Bbpobt of Tbeasitbeb of United States 
Bbconciled with the Pbecedino Wabbant Statement. 

Ouh in the Treasury June 30, 1907 $1,690,263,414.54 

LeflB liabiUtiea 108,012,100.07 

$1, 582, 251, 314. 47 

Ouh in the Treasury June 30, 1908 1,814,626,382.73 

Less liabilitiea 117,199,166.00 

1, 697, 427, 216. 73 

Increase in cash, 1908 115,175,902.26 

as follows: 

Increase: 

In coin trust fund accounts held for redemption of notes and 

certificates issued 142,066,000.00 

Decrease: 

In the available cash 26,890,097.74 

Net increase in the cash for 1908 115,175,902.26 

Reconciled with the warrant account as follows: 

Moneys deposited in the cash, but not covered 
by warrants at the close of the year: 

On June 30, 1908 $4,299,463.61 

On June 30, 1907 1,434,381.78 

Difference of uncovered moneys June 30, 1908. 2, 865, 081. 83 

Decrease of unavailable items in 1908 29,522.91 

2,894,604.74 

Agreeing with the increase of Treasury balance for 1908, by 
warrants 112, 281, 297. 52 

The securities redeemed on account of the sinking fund were as 

follows: 

Fractional currency $1, 180. 00 

One-year notes of 1863 30. 00 

Compound-interest notes 40. 00 

Refunding certificates : 4, 350. 00 

Funded loon of 1907 33,060,600.00 

Certificates of indebtedness 1, 250, 000. 00 

Loan of 1904 24,200.00 

Funded loon of 1891 2,100.00 

Funded loan of 1881 100.00 

Total 34,342,600.00 

CoNDmoN OF THE Treasubt, June 30, 1908. 

The pubUc debt of the United States at the close of the fiscal year, 
as stated in the debt statement of June 30, 1908, is set forth in detail, 
as follows: 

Interest-bearing debt: 

Loan of 1925, 4 per cent $118, 489, 900. OS 

Loan of 1908-1918, 3 per cent 63,945,460.00 

Consols of 1930, 2 per cent 646, 250, 150. 00 

Panama Canal loan, 2per cent 54,631,980.00 

Certificates of indebtecmess, 3 per cent 14, 186, 500. 00 

$897,503,990.00 



4 BEPORT ON THE FINANCES. 

Debt on which interest has ceased: 

Funded loan of 1891 $56,500.00 

Loan of 1904 72,600.00 

Funded loan of 1907 3,066.550.00 

Refunding certificates 18,270.00 

Old debt 917,095.26 

Debt bearing no interest: 

United States notes (greenbacks) 346, 681, 016. 00 

National-bank notes, redemption account. . 72, 459, 284. 50 

Old demand notes 53,282.50 

Fractional currency 6, 862, 814. 28 



$4,130,015.26 



426,056,397.28 

Total interest and noninterest-bearing debt 1, 327, 690, 402. 54 

Certificates and notes issued on deposits of coin 
and silver bullion: 

Gold certificates «$819,783, 869. 00 

Silver certificates 474,350,000.00 * 

Treasury notes of 1890 4, 982, 000. 00 

1,299,115,869.00 

Total debt June 30, 1908 fl2, 626, 806, 271. 54 



Cash in thb Treasubt, Junk 30, 1908. 
[From revisad flguiw.] 

Reserve fund: 

Gold coin and bullion $150,000,000.00 

Trust funds held for redemption of certificates 
and Treasury notes: 

Gold coin $822,923,869.00 

Silver dollars 474,350,000.00 

Silver dollars of 1890 4,982,000.00 

1, 302, 255, 869. 00 

General fund: 

Gold coin and bullion 31, 964, 813. 18 

Gold certificates 39, 947, 250.00 

Silver certificates 9,071,295.00 

Silver dollars 12,599,155.00 

Silver bullion 6, 096, 247. 10 

United States notes 7,284,694.00 

Treasury notes of 1890 18, 470. 00 

National bank notes 66,685,237.00 

Subsidiary silver coin 23, 177, 617. 98 

Fractional currency 141.34 

Minor coin 3,164,306.36 

200,009,226.96 

In national bank depositaries: 

To credit of Treasurer of United States 149, 004, 924. 29 

To credit of United States disbursing officers . 11, 352, 075. 41 

160,356,999.70 

In treasury of Philippine Islands: 

To credit of Treasurer of United States 589, 906. 13 

To credit of United States disbursing officers . 1, 381, 160. 03 

1, 971, 066. 16 

Awaiting reimbursement, bonds and interest paid 33, 220. 91 

Total cash 1,814,626,382.73 

« Exclusive of $3,140,000 gold certificates issued June 30, 1008, but not covered by war- 
rant until after close of the fiscal year. 



SECBETABY OF THE TBEA8UBY. 6 

LiabilitieB: 

Qold certificates outstanding $822, 923, 869. 00 

Silver certificates outstanding 474,350,000.00 

Treasury notes of 1890 outstanding 4, 982, 000. 00 

1,302,255,869.00 

National bank 5 per cent fund 22, 922, 955. 48 

Warrants and checks outstanding 12, 196, 420. 58 

Disbursing officers' balances 65, 933, 578. 31 

Post-Office Department account 6, 799, 639. 31 

Miscellaneous items 9, 346, 572. 32 

Total liabiHties $1,419,455,036.00 

Balance on hand: 

Reserve fund 150, 000, 000. 00 

Available cash 245,171,347.73 

395,171,347.73 

Total 1,814,626,382.73 

Comparison of Receipts, Fiscal Yeabs 1907 and 1908. 



Object 



1907. 



1908. 



Increase. 



Decrease. 



Customs 

Internal revenue 

Sales of public lands 

Profits on coinage, bullion deposits, etc 

Customs fees, fines, penalties, ete 

Tax on national banks 

Part payment Central Pacific Railroad 
indebtedness 

Payment of interest by Pacific railways. . 

Reimbursement by Jamestown Exposi- 
tion Co 

Sales of ordnance material, ete. 



Navy nension, navy hospital, and cloth- 
ing funds 



Fee^—consular, letters patent, and lands 

Depredations on public lands 

Tax on seabklns, and rent of fox islands. 

Immigrant fund 

Naturalization fees 

Forest reserve fund and cooperative fund . . 

Alaska fund, license fees, etc 

Jndidal fees, fines, penalties, ete 

Sales of government property 

Sales of lands and buildings 

District of Columbia 

Chinese indemnity 

Dividends on Panama Railroad stock, 
subsidy, rentals, ete 

Proceeds of town sites. Reclamation Serv- 
ice 



Sale of town lots, Oklahoma. 

Recording fees 

lUsoeOaneous 



TRUST TVKDS. 

Department of Stpte: 

Miscellaneous trust funds. . 
Treaiurp DepartmenL- 

Spanish indemnity interest. 



Spanish indemnitor principal . 



South Carolina school fund 

Fund for education of the blind 

W^ DepartmenL- 

Army deposit fund 

Soldiers' Home permanent fund 

Miscellaneous trust funds 

Napa DepanmenL' 

Nayv deposit fund 

Marme Corps deposit fund 

Iniertpr Department: 

Bts for surveying public lands. 

OobtancUng liabilities, lands 

Proceeds of Indian lands 

Indian moneys, proceeds of labor 

*'* " itrustfunds 



1332,233,362.70 

269,666,772.85 

7,878,811.13 

9,096,044.48 

928,611.10 

2,061,606.50 

5,374,035w81 
1,042,249.26 

62,046.43 
663,615.33 

"2,650,391.47 
5,192,315.30 

284,629.75 

148,117.10 

2,778,716.99 

32,373.50 

1,560,593.13 

167,151.12 
1,098, 29a 39 
1,606, 42a 04 

373, 18a 50 
5,831,407.82 
1,438,841.36 

256,579.38 

61,535.00 
125,721.16 

90,502.55 
977,809.96 



63,545.96 

28,50a00 

2,'6i9."26' 

1.397,268.99 
556,455.00 



476,802.50 

loaoo 

189, 27a 28 

13, 32a 87 

3,152,667.66 

2,563,629.00 

1.061.90 



1286, 113, 13a 29 

261,711,126.70 

9, 731, 56a 23 

11,223,336.62 

607,004.18 

2,888,721.19 

5,098,227.41 
1,177,752.70 

60,ooaoo 

256,219.32 

2,033,535.65 

6,222,994.92 
141,879.73 
153,106.90 

3,388,804.67 
150, 187. 15 

1,802,329.68 
220,157.89 
871,979.73 

1,329,791.52 
278,028.28 

6, 062, 97a 96 

1,013,606.36 

339,7ia25 
12,864.06 



$1,852,749.10 
2,128,292.14 



31,806.49 
1,131,781.23 



96,4ia74 

28,500.00 
570,000.00 

51,000.78 
252,527.17 

1,653,632.27 

438,312.10 

95.15 

511.147.50 
8,759.90 

274,047.00 

8,617.31 

1,947,555.41 

1,624,654.67 

3,624.70 



237,115.09 



135,503.44 
7,953.57 



30,679.62 



4,960.80 

610,177.58 

117,813.65 

322,736.55 

53,006.77 



231,563.14 
84, 13a 87 



153,911.27 



32,873.78 



$46,120,232.41 
17,966,646.16 



570,00a00 

48,961.58 

252,527.17 

256,363.28 



95.15 

34,345.00 
8,650.90 

84,773.72 



321,506.02 



275,806.40 



397,396.01 
616,865.82 



142, 75a 08 



226,3ia66 
278,628.58 
i»,152.31 



425,236.00 



48, 67a 94 
125,721.10 
58,696.06 



118,142.90 



2,542.80 



4,703.50 

1,206,102.24 

938,974.33 



6 BEPOBT ON THE FINANCES. 

GoMFARisoN OF RECEIPTS, FiBCAL Years 1907 AND 1908— Continued. 



Object. 



1907. 



1906. 



Increase. 



Decrease. 



TBU8T FUNDS— continued. 

DepartmerU o/ ComtMree and Labor,- 
Miscellaneous trust funds 

DUMet qT Columbia: 

Miscellaneous trust fund deposits . . 

Washington redemption fund 

Police and firemen's relief funds — 
Other trust funds 



$207,970.03 
92,201.72 
112,603.20 
22,2ia56 



$602.27 

291,306.49 
91,779.36 

107,107.68 
23,825.13 



$502.27 
[3,336.46 



1,611.68 



$422.37 
6,495.62 



Total ordinary receipts. . 
Postal revenues 



663,140,334.05 
183,685,005.57 



601,126,11&63 
191,478,663.41 



7,347,236.88 
7,893,667.84 



69,361,451.40 



Total receipts, exclusive of public 

debt - . . . 

PabUo debt issues, including premium. . . 

Total receipts, including public debt 



846,725,339.62 
811,783,371.06 



792,604,781.94 
909,463,406.17 



16,240,893.72 
97,680,033.22 



69,361,451.40 



1,668,508,711.57 



1,702,068,187.11 



112,920,926.94 



69,361,461.40 



Comparison op Disbursements, Fiscal Years 1907 and 1908. 



Object. 


1907. 


1908. 


Increase. 


Decrease. 


OYIL ESTABUSHMKNT. 

Legislative: 

sJmate 


$1,638,366.34 
3,907,691.23 
138,292.62 
6,395,278.71 
686,428.36 
29,811.04 
66,667.00 


$1,801,049.82 
4,726,063.99 
167,846.69 
6,304,810.82 
613,609.68 
29,701.22 
66,784.30 


$102,684.48 
818,392.76 

19,664.07 
999,632.11 

27,181.32 




House of Representatives ....,-,.,.,,, 




Legislative, miscellaneous 




Public Printer 




Library of Congress 




Botanic OardeTT. 


$109.82 


Court of Claims r 




772.70 








Total leeislatlve. . 


11,762,424.20 
? 52, 031. 43 


.13,788,886.42 


2,027,344.74 


882.62 






Executive proper: 

Salaries and expenses 


166,460.95 
238,062.65 


14,429.62 
2,699.07 




(Dlvli Service Commission 


235,363.48 




Total executive -proper 




387,394.91 


404,623.60 


17,128.60 








Department of State: 

Salaries and exxJenses 


455,268.12 

784,091.78 
1,148,918.86 

214,957.67 
325,164.20 

80,840.93 

200,000.00 

397,423.80 

70,606.47 


444,345.07 

676,707 78 
1,367,676.05 

270,216.93 
361,320.40 

81,168.16 




10,923.06 
108,384.00 


Foreign inteitJoTirse— 

Diplomatic salaries 




Consular salaries 


206,666.19 

66,269.26 
26,166.20 

327.23 




Contingent expenses of foreign 
missions r . - t -..-,,,.,, 




Oontingendes of consulates 

Emergencies arising in the diplo- 






Republics— building 


200,000.00 


Mtsceflanpous ^tmns, 7, 


484,457.29 
80,771.94 


87,033.49 
10,076.47 




Trust ftmds 








Total State Department 


3,6n,380.83 


3,746,662.62 


387,606.84 


319,307.06 


Treasury Department: 

Salaries and eirpenses 


3,973,673.22 
771,749.46 
1,317,611.77 
372,307.73 
4,410,788.04 
1,079,672.67 
9,436,752.68 
3,168,965.23 

315,775.08 
6.616,668.86 

149,862.34 
1,632,010.10 

t46,693.00 

165,322.24 

1,441,296.16 


4,057,952.02 
819,404.88 
1,465,863.03 
6,417,335.62 
4,395,317.32 
1,429.693.55 
9,680,626.26 
3,362,666.01 


84.278.80 

47,666.42 

148,361.26 

6,045,027.89 




Independent Treasury 




Mints and assav ofllcfls 




ToTitorial governments 




Salaries, etc., internal revenue 




16, 47a 72 


MisoellaiieouB, internal revenue 

Collecting c^istonis revenue. ... . 


360,120.88 
143,873.67 
193,70a78 


Refunding excess of deposits, customs. 

Judgments, Court of Claims-refund 

of duties on steel blooms. . 




316,776.08 


Debentures or drawbacks, customs 


6,934,406.40 
209,919.04 

1,714,487.20 
484,862.21 
129,102.72 

1,676,829.60 


1,317,837.66 
60,056.70 
182,447.10 
238,269.21 


MiscellaneoiLs items, customs. . . 








New revenue vessels 




Special repairs to revenue steamers 

Public Health and Marine-Hospital 
Service 


26,219.52 


134,631.44 



SECRETABY OF THE TREASURY. 7 

Comparison of Disbursements, Fiscal Years 1907 and 1908 — Continued. 



Object. 


1907. 


1906. 


Increase. 


Decrease. 


CIVIL BSTABunHMXNT— continoed. 

Treaaory Department— Continaed. 

Llto-Saving Service 


$1,795,481.00 

8,347,859.93 

9,301,480.02 

1,105,741.00 

1,432,350.01 

440,350.37 

855,054.98 

90,054.84 

145,082.20 


$2,009,149.79 

8,302,400.27 

9,341,364.55 

1,262,620.38 

1,344,663.48 

422,124.81 

1,001,834.79 

110,737.10 

149,091.76 

725,040.19 

15,141.20 

442,391.00 

166,096.98 

403,030.19 

1,003,243.29 

263,834.41 
21,710.53 

50,490.00 
670,000.00 
28,600.00 


$213,068.13 




EngTftvipg ftnd Printing , , , 


$46,460.00 
20,122.07 


V Public biSldings 




^ Fuel, etc., pubUc buildings 


156,878.78 


Custodians and janitors 


87.093.18 


Furniture for public buildings 




18,231.60 




146,779.81 
20,082.20 

3,109.55 
170.435.79 

0,183.05 
133,867.22 


Zoological Park 




Smithsonian Institution 




Interstate Commerce Commission 


549,204.40 




French spoliation claims 


8,958.21 

308,524.38 

1,748,778.98 




Epidemic diifeafws 




Junestown Exposition 


1,682,083.00 


Church claims Ui the Philippines 


403,030.19 
404,799.35 

263,834.41 
21,716.53 

50,490.00 
570,000.00 




638,443.94 




Special funds- 
Philippines si>eclal fund 










Trust funds— 

South rAral{|i<^ i^hoot ftind 






Spanish indemnity, principal 






Siianish indemnityj Interest 


28,500.00 










Total Treasury Department 


55,740,155.29 


04,201,620.22 


10,667,025.67 


2,111,064.74 


War Department: 

Salariw and «'«pense» 


1,860,353.42 
305,001.37 


1,878,565.33 
301,871.61 


12,211.91 






03,789.80 






Total War Department 


2,232,014.79 


2,180,430.84 


12,211.91 


63,789.80 




Navy Department: 

fialarfiKf and exi^mses . ... ......... 


738,359.95 


743,130.14 


4,770.19 








Interior Department: 
Salarkv and expenses 


4,990,590.05 
2,200,998.72 


4,900,797.64 
2,487,185.81 

881,608.93 
76,686.83 

073,149.09 
1,600,000.00 

1,379,017.07 
1,231,739.63 

349,989.36 
123,431.60 
94,233.02 

11,126,042.02 

344,386.88 

43,055.49 
65,609.26 

209,327.24 
293.62 




89,793.41 


Public Lands Service 


280,187.09 


Geological Survey 


1,030,718.62 

48,122.21 

033,603.84 

1,200,000.00 

906.142.00 


149,140.60 


Nt^tinnfil Pftrinr . 


'27,463.02 
39,646.36 
800,000.00 

473,875.07 
586,840.43 

326,989.36 


Beneficiaries 

Colleges for agriculture 






Office building. House of Representa- 
tives 




Office building, Senate 045,898.20 

Heating, lighting, and po^er plant, ! 
Congressional buildings 23.000. 00 






Capitol building and grounds 


138,432.16 
80,673.98 


15,000.00 


Miscellaneous items. ." 


13,659.04 


Special funds— 

RAcii^nintion ftmd 


12,705,340.80 

1,153,568.60 

31,007.70 
42,447.02 

168,016.20 


1,660,304.78 


Five, three, and two per cent 
funds, sales of lands 




809,181.02 


Revenues of National Parks and 
Hot Springs, Ark 


11,387 79 
13,161.63 

61,312.04 
293.62 




Miscellaneous special funds 




Trust fUnds— 

Deposits for surveying public 
lands 




Outstanding liabilities, lands 










Total Interior Department 


26,078,020.90 


26,476,412.78 


2,129,821.94 


2,732,430.00 


Post-Office Department: 
Balari<w and expenses . .. 


1,510,410.71 

7,629,382.81 

773,263.05 

184,726.33 


1,027,471.55 

12,888,040.94 

761,789.45 

14.277.fifi 


117,060.84 
5,268,658.13 




Deficiency in postid revenues 




Mall transportation. Pacific Railways. 


11,468.60 


MUMiiftnAoiiff items 




170,447.47 










Total Post-Office Department. 


10,097,771.90 


16,291,679.80 


6,376,718.97 


181,911.07 


D«partment of Agriculture: 

Salaries and miscellaneous 


1,903,309.18 
533,000.00 
779,096.86 

2,015,030.02 
217,022.43 
784,099.20 

664, 07a 90 


2,310,383.02 
460,154.26 

1,055,876.10 

2,629,099.71 
282,166.08 

2,300,431.09 

004,942.66 


412,984.44 




Building. ... , , 


72,846.76 


Expenses, Animal Industry 


270,780.25 

614,009.09 

04,643.66 

1,821,732.43 

10,871.60 






Pnrdume of seeds ... ... ........ 




Ylonit Service 




Xxpenses of Plant Industry and cotton 
bon-weevll Investigations 





8 BEPORT ON THE FINANCES. 

Comparison of Disbursements, Fiscal Years 1907 and 1908 — Continued. 



Object. 


1907, 


1908. 


Increase. 


Decrease. 


CIVIL ESTABLISHMENT-COntinaed. 

Department of Agrloultore— Ck>iitinaed. 

AKrioultaral experiment stations 

Weather Bureau. . 


11,830,737.78 
1,342,388.31 

887,412.06 

10.862.23 
4,784.24 


81,263, Oia 75 
l,317,3ia71 

1,144,183.28 

27,266.83 
3,335.83 




25^077.60 




Bpedal funds- 

Adminlstratton, etc., of forest 
reserves 


8246,771.28 
7,014.60 


Cooperative work, forest investi- 
gations 




Mtooeilaneous spedal funds 


1.4«.41 




Total, Department of Agrlcul- 


10,482,192.01 


13,460,764.40 


8,155,007.28 


177,00a70 


* 




Department of Commerce and Labor: 

Salaries and expenses 

Bureau of Labor 


660,568.23 
161,307.00 
165,746.16 

1,228,878.31 
853,147.25 

4,041,92a 60 

682, m. 35 

34,812.81 

430,213.28 

35,880.36 

V 68,030.04 

1,662,077.30 

854,78&61 

66,300.06 


865,048.04 
175,297.60 
189,166.87 

1,230,264.26 
962,745.80 

0,870,062.52 

688,39a 82 

09,060.00 

570,631.40 

48,40a20 

^ 04,462.57 

2,028,054.71 

418,118.60 

48o,ooaoo 

150,000.00 
1,517.05 


206,4ea71 
18,90a00 
33,42L71 
10.88a 04 

100,688.04 
1,028,132.02 

106,222.47 
34, 26a 60 

131,4ia21 
12,522.84 

80,42L63 
476,977.41 

63,832.90 
428,6ea05 

160,000.00 
1,617.05 






Bureau of standards. *xx. ,..t. 




Census Office 




Coast and Geodetic Survey 




Lieht-House Establishment 




Bureau of Fisheries 




Fish hatcheries 




Steamboat-Inspection Service 

MlsceUan^us itftms , 






Special funds. 




Immigration and Naturalization. . 
R^ulating immigration 










Ellis Island, New York Harbor. . . 




Immigrant station, San Francisco, 
Cal?. 




liiscellaneous special funds 












Total, Department of Commerce 
ftffd T4|hor 


11,023,026.21 


14,860,228.47 


8,826,30a26 








Department of Justice: 

Salarif^ and eix^nses 


806,776.01 

1,609,919.45 
1,400,85&24 
884,746.23 
480,727.09 
1,033, 41L 90 
202,66&29 
04,357.84 
660,83L32 
236,24&01 

622,41L78 
1,430,638.53 


861,33a 40 

1,129,08a 39 
1,286,49a 34 
851,468.40 
547, 09a 81 
l,024,30a05 
323,27&68 
07,468.40 
54a76L17 
210,86&82 

660,23a 00 
1,640,46a 83 


55,55430 




Salaries of Justices, assistant attorneys, 
etc 


470,88a 00 
114,80L00 
33, 27a 88 


Salaries, fees, etc., of marshals 




Fees of witnesses'. 




Salaries and fees, distr ict attorneys,. . . 
Fees of Jurors 


57,36a 72 


0,107.05 


Feesofderks 


ao,7ia38 

3,lia65 


Fees of commissioners 






116,07a 16 
15,870.10 


Payofbailftb 




courts 


46,82L22 
200,82LaO 










Total, Department of Justice 


o,4«,49aeo 


0,003,84a 28 


403,387.67 


750,03100 


District of Columbia: 

Salaries and expenses 


10,307,84L66 

530,437.66 
7, 53a 73 

207,97a 03 
02,20L72 

112,60a20 
22,2ia56 


11,137,442.54 

547, 44a 31 
6, 45a 76 

256,00a44 
88,317.84 

107,107.58 
41, 64a 63 


730,eoa88 

17,00a65 




Special funds— * 

Wftter department 




Miscellaneous special fundsl 

Trust Ainds— 

Miscellaneous trust-fund deposits. . 

Washington redemption fund 

Police and firemen's relief fiends. . . 


1,07a 07 


48, 12a 41 


3, 88a 88 
5;40&62 




Other trust funds 


10,43a 08 






Total, District of Columbia 


11, 370, SOL 56 


12,184,606.10 


824,10aO2 


10,4Ca47 




153,045,9iai3 


176,420,408.57 


28,731,056.08 


0,866,5ea64 


IHLITABT B8TABLI8HMSNT. 

Emereency ftmd 


682,602.84 
32,105,042.68 

606,79a 03 
360,600.40 

5,640,02L18 

30,186,767.36 

304,644.60 

1.012,027.44 






682,603.84 


Pay f^paftment 


32,982,60ai0 

1,014,19a 74 

131,427.94 

6,430,915.80 

33,671,03&66 

307, 16a 57 

l,455,8iai5 


787,56a 42 
317,40a71 




Encampment and maneavers* army anid 
militia."... 




Extra i»y, war with Spain. 


219,178.40 


Bubslstenoe Department 


889,804.71 

3,484,27L20 

92,5ia88 




Quartermaster's Department. ............ 




National oflmeterfes 




Medical Department 


442, 88a 71 






SECBETARY OF THE TREASURY. 9 

Comparison of Disbubsembnts, Fiscal Yeabs 1907 and 1908— Continued. 



Object. 



1907. 



1906. 



Increase. 



Decrease. 



XIUTABT XSTABLUHmMT-COIltiniMcL 



Ordsanoe Department. 
Engineer Department.. 



Utary tele^ph and cable lines , 

Military Academy 

Improving harbors 

Improving rivers. 

Miutainr posts 

National nomes for disabled soldiers 

State homes for disabled soldiers 

Betmbmsing States and Territories ex- 
penses of troops, Spanish war 

Bafimding to States expenses incurred in 
raising volmiteers 

Judgments, Court of Claims and United 
Stetes courts 

Payment to State of Delaware, war 181^ 

Replacing miiltary stores destivyed at San 

Francisco, Cal 

BaUef of sufferers from earthquake and 

oonflagratlon on Pacific coast 

Jamestown Exposition 

Soldiers' Home interest account 

Panama Canal 

IdioeUaneous items 

Special funds — 

Wagon roads, etc.. Alaska fund 

Ordnance material, powder, etc 

Misoellaneous special ftmds 

TiUBt funds— 

Pay of the army, deposit fund 

SoKiiers' Home permanent fund 



$11,382,263161 
2,668,723:43 
192, 16a 78 
213,66L63 
1,012,237.14 
6,034,61L19 
17,276,249.66 
1,648,193.43 
4,114,634.31 
1,612,36&73 

260,816.85 

66,624.24 

316,626.42 



Total MiUtary Establishment. 



NATAL ESTABUSHlf BNT. 



Inorease of the navy 

Bureau of Yards and Docks 

Bureau of Equipment 

Bureau of Navigation 

Bureau of Construction and Repair 

Bureau of Ordnance 

Bureau of Steam Engineering 

Bureau of Supplies and Accounts 

Bureau of Medicine and Surgery 

Marine Corps 

Naval Academy 

Pay of the navy 

General account of advances 

Judgments, Court of Claims and United 

States courts 

Jamestown Exposition 

llitoeUaneous Items 

Trust funds — 

Pay, Marine Corps, deposit fund 

Pav of the navy, deposit fund 

Prise money 



Deduct repayments in excess of expend!- 



Total Naval Establishment.. 

nn^IAK SERVICE. 



Currant and contingent expenses 

Fulfilling treaty stipulations 

Miscellaneous supports 

Interest accounts 

Ineldental expenses of Indian Service. . 

Support of Indian schools 

MiBoellaneous expenses 

Trust fkmds 



Total Indian Service. 



960,169.77 

1,027,646.20 

478,417.76 

127,44&42 

27,198,61&71 

1,186,263.24 

148,684.00 

76,ooaoo 
6,ooaoo 

640,196.27 
470,70a00 



S11,466,86L12 

4,668,6ea89 

276,0ia61 

139,988.81 

1,602,18&74 

10,643,76&00 

19, 613, 88a 92 

1,912. 63& 75 

3,945,00&33 

809,709.27 

662,710.60 

97,466.02 

e9,67L24 

83,260.50 

82,013.98 



r4,697.61 

1,909, 87L 46 

82,850.83 



589,948.60 
4,609,26&90 
2,238, 63L 26 

364,442.32 



r3,672.72 



ie9,43&98 
612,597.46 



301,894.66 
31,841.78 



246,96&18 



83,25a 50 



9,334.33 

126,202.88 

38,093,^6.29 

1,329,439.09 

117,750.00 

90,647.51 

4,23L10 

2,962,456198 
l,163,00a00 



10,894,806.68 
143,175.85 



878,146.70 

1,027,646.20 

409,083.42 

2,242.64 



16,647.51 



30,834.00 
'*i,*768.*ii 



2,422,26a 71 
692,300.00 



140,775,084.20 



29,688,d4a88 
6,491,86161 
6,999,183L64 
2,348,647.31 
7,804, M3L 36 
4,882,305.37 
5,094,072.99 
6,880,00L71 
799,402L41 
5,002,32&48 
1,366,029.78 

21,692,616.32 



175,840,452.09 | 30,479,32ai9 4,413,967 40 



156,779l69 

12, 58a 07 

144,127.26 



27,468,6661 76 
5,772,537.50 

10,386,60183 
3,742,246186 
7,192,62L87 
8,030,376.41 
6,649,065.84 
8,617,930.45 
1,453,106.66 
5, 695, 25a 37 
980,628L45 

25,492,6ia45 
6,778,385.33 

22, 67a 70 
53,310l50 
140,432.85 



3,417.40 
695, 74a 07 i 764,42a 05 
2,41&12| 3, OIL 97 



280,672.80 
4,387, 4ia 29 
1,383,69a 65 

'i'iis'OTLoi' 

454,962L85 

1,737,937.74 

653,70125 

692,92189 



3,799,997.13 
6,778,385.33 



2,119,688L19 
'"6i2,*42L"4» 



385,401.33 



40, 73a 43 



134,206.90 
*"3,*66i*4i 



3,417.40 I 
158,68a 88 
693.86 



97,861,28197 ' 118,037,097.15 , 23,431,22a52 
732,815.61 ! 



3,266,41134 
732,816i61 



97,128,46a 36 i 118,037,097.15 I 23,431,226.52 I 2,622,50&7S 



799,035.75 

1,599,806.03 

523,349.19 



76,339.25 
3,627,699.39 
5,553,63a 99 
2,983,657.81 



15,163,606.41 



855, 68a 58 
2, 163, 39a 35 

536,751.24 
1,416,445.50 
84,545.90 
4,115,64a 32 
2,906,498.06 
2,498,897.71 



14,679,766.76 



56, 66a 83 

563,49132 

13,402.05 

1,416,445.50 

8,20a65 

487,84a 93 



2,646,04a 37 



2,645,132.93 
484, 76a 10 



3,129,893.08 



10 BEPOBT ON THE FINANCES. 

Ck)MPABisoN OF DisBnBSBMBin:B, Fiscal Yeabs 1907 and 190S— Ck)ntinued. 



Object. 


1907. 


1008. 


Inoieaae. 


Decrease. 


Pensions , . . 


$130,300,514.31 
24,481,15&84 


$153,802,467.01 
21,426,138.21 


$14,582,052.70 




Interest on the public debt 


$3, 055, 02a 13 








Total ordinary disbursements. . 


678,003,747.76 
183,685,006.67 


660,106,310.68 
101,478,663.41 


00,770,eoa86 
7,803,657.84 


10,478,028.03 






Total disbursements exclusive 
ofpubUcdebt 


762,488,753.32 
680,262,103.47 


850,674,06100 
730,111,006.50 


107,664,258.70 
40,840,713.03 


10,478,028.03 


PubUc debt redemptions, including 
pr«mlnnu 








Total disbursements, including 
public debt 


1,451,760,046.70 


1,580,786,880.50 


157,513,07L73 


10,478,028.03 





• Exclusive of grants from the Treasury for deficiencies In postal revenues, for 1907 
$7,629,382.81 and for 1908 $12,888,040.94, included in expenses of civil establishment, 
page 7. 

Fiscal year 1909. 

The revenues of the Grovemmeiit for the current fiscal year are 
thus estimated upon the basis of existing laws : 

From customs $270, 000, 000. 00 

From internal revenue 250, 000, 000. 00 

From miscellaneous sources 62,000,000.00 

From postal revenues 206, 796, 956. 00 



Total estimated revenues 788, 796, 956. 00 

The expenditures for the same period are estimated as follows : 

For the civil establishment L $153, 000, 000. 00 

For the military establishment 128, 000, 000. 00 

For the naval establishment 125, 000, 000. 00 

For the Indian service 17,000,000.00 

For pensions 161, 000, 000. 00 

For public works 90, 000, 000. 00 

For interest on the public debt 22, 000, 000. 00 

For postal service 206, 796, 956. 00 

Total estimated expenditures 902,796,956.00 

Or a deficit of 114,000,000.00 



Fiscal year 1910. 

It is estimated that upon the basis of existing laws the revenues of 
the Government for the fiscal year 1910 will be — 

From customs $290, 000, 000. 00 

From Internal revenue 250, 000, 000. 00 

From miscellaneous 62, 000, 000. 00 

From postal revenues 223, 340, 712. 00 



Total estimated revennea 825,340,712.00 



SECBETARY OF THE TBEASUBY. 11 

The estimates of appropriations, required for the fiscal year 1910, as 
submitted by the Executive Departments and offices, are as follows: 

Legislative establishment $7, 816, 190. 76 

Bxecutive establishment — 

Executive proper $415, 510. 00 

State Department 288,700.00 

Treasury Department 11, 447, 836. 00 

War Department 2, 207, 008. 00 

Navy Department 836, 940. 00 

Interior Department 5, 232, 655. 00 

Post-Offlce Department 1, 711, 040. 00 

Department of Agriculture ^l 14,610,626.00 

Department of Commerce and Labor 1, 555, 300. 00 

Department of Justice 500, 680. 00 

38,806,855.00 

Judicial establishment 972, 160. 00 

Foreign intercourse. 8, 880,194.72 

Military establishment 104, 844, 635. 88 

Naval establishment 121, 847, 472. 47 

Indian affairs 11, 451, 576. 05 

Pulsions _ 161, 018, 000. 00 

Public works — 

Legislative 7, 000. 00 

Treasury Department 10, 000, 000. 00 

War Department 112, 274, 455. 83 

Navy Department 12, 545, 975. 52 

Department of the Interior 1, 452, 000. 00 

Department of CJommerce and Labor 405,000.00 

Department of Justice 470, 500. 00 

^ 187, 154, 931. 35 

Miscellaneous — 

Legislative 5, 854, 987. 20 

Treasury Department 24,302,971.07 

War Department 6, 957, 890. 48 

Interior Department 5,479,920.00 

Department of Justice 7,804,180.00 

Department of Commerce and Labor 10,445^545.00 

District of Columbia 16,176,355.52 

77,021,349.27 

Postal service 233, 978, 560. 00 

Permanent annual appropriations — 

Interest on the public debt 22, 500, 000. 00 

Refunding — customs, Internal revenue, etc. 15,203,500.00 

Collecting revenue from customs 5,500,000.00 

Miscellaneous, exclusive of sinking fund 
and national-bank redemption fund 26,892,582.52 

Total 70, 096, 082. 52 

Total estimated appropriations 968, 387, 508. 01 

Showing an excess of the total estimates of appropriations sub- 
mitted by the several Executive Departments over the esti- 
mated revenues of the Government for the fiscal year 1910 of. 143, 046, 796. 01 



12 EEPOBT ON THE FINANCES. 

The foregoing estimates are submitted in pursuance of law. As I 
stated in my report of last year, I regret the necessity of submitting 
them, for they are for the most part problematical. I have no means 
of knowing what will be the amount of the appropriations at the com- 
ing session, what will be the eflfect of the proposed revision of the 
tariff upon the revenue derived from imports, nor what will be the 
ultimate effect upon internal-revenue collections of certain moral 
and economic movements which seriously affect these sources of reve- 
nue. It is little more than guesswork, therefore, to give estimates of 
this kind. They are submitted in this report with these explicit 
qualifications. 

REPORTS OP BUREAUS AND OFFICES. 

For a more detailed account of the operations of the Department for 
the year, attention is respectfully invited to the reports of the heads 
of the several bureaus and offices. Certain of the recommendations 
made in these reports will be made the subject of later communica- 
tions to the Congress. 

OPERATIONS OF THE TREA8URT. 

The receipts and disbursements of the (jovemment for the fiscal 
year 1908 show a reversal of condition, as compared with the fiscal 
year 1907: For the fiscal year 1907 the receipts were $84,236,586.30 
in excess of the disbursements; for the fiscal year 1908 the disburse- 
ments were $58,070,201.15 in excess of the receipts, due to business 
depression and increased appropriations. 

Fortunately, the available cash balance at the beginning of the 
fiscal year was $272,061,445.47. 

The Treasury was called upon, in the latter part of October, 1907, 
to render assistance in the financial panic which, starting in New 
York City, gradually extended over the entire country. The meas- 
ures taken to relieve the situation have been set forth elsewhere, par- 
ticularly in the Response of the Secretary of the Treasury to Senate 
Resolution No. 33, of December 12, 1907. 

Through these operations the amount of public deposits with 
banks reached $236,548,321.08 November 30, 1907, and on December 
27, 1907, the maximum of $259,994,271.77 was attained, after which 
it was decreased to $256,920,154.70 by the close of the month. Further 
withdrawals were soon after begun and continued from time to time 
until on November 16, 1908, the amount stood at $118,379,536.30. 

In the month of January, 1908, there was a freer circulation of 
money than had prevailed for the previous three months. Large 
amounts were returned to the money centers, and some of the deposi- 
taries therein voluntarily returned to the Treasury a part of their 



SECBETARY OF THE TBEASUBY. 13 

holdings of public deposits, in amount $3,978,217. In the latter part 
of January a call was made on the depositary banks of New York 
City for $8,850,000, to be paid in six equal installments, from and 
after Janilary 23. The balance in the banks to the credit of the 
general fund at the end of January was $226,241,418.85. 

During the month of February depositary banks voluntarily re- 
turned to the Treasury $4,770,000 of public deposits, and February 
29 the balance with the banks to the credit of the general fund was 
$219,543,719.13. On June 30 it was reduced to $149,004,924.29. 

Transactions in the public debt show an increase of interest-bearing 
debt of $2,669,710 for the fiscal year. However, if the issue of Panama 
Canal bonds were excluded, a net decrease in the interest-bearing debt 
would be shown of $21,962,270. The noninterest-bearing debt was 
increased $27,842,500, as follows: 

Matured loans, not yet presented $3,043,200 

National-bank notes, redemption account 24,800,480 

27, 843, 680 
Less fractional currency redeemed 1, 180 

Net 27, 842, 500 

The aggregate of trust funds, consisting of gold coin and standard 
silver dollars, held for the redemption of certificates and notes for 
which they are respectively pledged, increased $139,106,000 during 
the year. The increase in gold coin was $141,539,000, while standard 
silver dollars decreased $2,433,000. 

The monetary stock increased $263,203,013 during the fiscal year. 
The growth in gold was $151,744,391; in silver, $17,919,395; and in 
national-bank notes, $94,545,227, while there was a decrease of 
$1,006,000 in Treasury notes of 1890. At the close of the fiscal year 
1908 the money in circulation amounted to $3,038,015,488, or a per 
capita of $34.72. The percentage of gold to total circulation was 
45.95. 

The issue of United States paper currency during the fiscal year 
numbered 188,999,912 pieces, of the total value of $804,326,000. The 
redemptions were 172,178,577 pieces, of the value of $665,220,000. 
Gold certificates outstanding increased $141,539,000, while silver 
certificates decreased $1,427,000. 

There was an increase of $94,545,227 in the volume of national- 
bank notes during the past fiscal year. The amount presented for 
redemption was $349,634,341, as against $240,314,681 for 1907. The 
expenses incurred for such redemptions were $270,840.21, which has 
been assessed on the banks at the rate of $0.90366 per $1,000 of notes 
redeemed. 

The United States bonds pledged to secure circulation amounted to 
$628472430 June 30, 1908, an increase ol $69,807,470 during the fiscal 



14 REPORT ON THE FINANCES. 

year. The United States bonds and other obligations on the same 
date held to secure public deposits in national banks aggregated 
$180,509,419.25, a decrease of $12,734,633.63 for the year. 

The moneys presented for redemption and exchange at' the Treas- 
ury and subtreasury offices during the fiscal year 1908 amounted to 
$1,337,826,564, as against $1,026,876,500 in 1907. 

During the last half of the fiscal year the Treasury has been con- 
fronted with an extraordinary increase in the United States paper 
currency and national-bank notes presented for redemption. 

There was redeemed in December, 1907, of United States paper 
currency, $30,487,000; in January, 1908, $48,327,000 was redeemed, 
an increase of over 58 per cent; in February, $50,500,000; March, 
$52,753,000; April, $55,064,000; May, $70,476,000; and June, 
$69,569,000. The increase for the year was 14.1 per cent. 

The same condition was experienced with regard to national-bank 
notes. Of these there was redeemed in December $11,736,000; in 
January, $43,425,863; February, $29,627,000; March,' $38,949,000 ; 
April, $42,491,000; May, $43,212,000; and June, $45,121,000. The 
increase of national-bank notes redeemed for the fiscal year was 45.4 
per cent. 

On June 30, 1908, owing to an entirely inadequate force of em- 
ployees in the office of the Treasurer, there had accumulated for 
redemption purposes, of United States paper currency, $1,465,238; 
of national-bank notes, $62,277,880, as compared with $12,377,478 at 
the close of the previous fiscal year, an increase over normal of 403.1 
per cent. The amount of bank notes has, however, been materially 
reduced. On November 16, 1908, the amount was $15,851,235, a re- 
duction of $46,426,645. 

The Treasury holding of gold at the close of the fiscal year 1907 
was $904,691,730.14. On June 30, 1908, it amounted to $1,004,888,- 
682.18, an increase of $100,196,952.04. 

The redemptions from the reserve fund during the last fiscal year 
were, in United States notes, $21,182,827, in Treasury notes of 1890 
$41,505, a total of $21,224,332. 

On June 29, 1907, the number of standard silver dollars in circula- 
tion was 81,710,444. During the year $31,466,911 were distributed 
at Government expense, and on June 30, 1908, there were $76,328,657 
in circulation. The amount of subsidiary silver shipped at Govern- 
ment expense for transportation was $31,438,830.99. The average 
rate for transportation was $2.45 per $1,000. 

The available cash balance in the general fund at the close of the 
fiscal year 1908 was $245,171,808.46, a decrease of $26,889,637.01. 



SECBETABY OF THE TREASURY. 15 

LOANS AND CURRENCY. 

The changes in the amount of the interest-bearing debt during the 
fiscal year ended June 30, 1908, are shown in the following statement : 

Amount outstanding June 80, 1907 $894, 834, 280 

Panama Canal bonds Issued..* $24,631,980 

3 per c^t certificates of ind^tedness, act of June 13, 

1898, issued 15, 436, 500 

40, 068, 480 

934, 902, 760 
Less — 

4 per cent funded loan of 1907, matured July 1, 1907. 36, 126, 150 
4 per cent refunding certificates, matured July 1, 

1907 22, 620 

8 per cent certificates of Indebtedness, redeemed 1, 250, 000 

37, 398, 770 

Outstanding June 30, 1908 897,503,090 

The causes which led to the issuance of the Panama bonds and the 
certificates of indebtedness are referred to elsewhere in this report. 
The bonds were sold at an average price of 102.99 and the 3 per cent 
certificates were issued at par. 

The issue of $15,436,500 one-year 3 per cent certificates of indebted- 
ness, dated November 20, 1907, and lodged with the Treasurer of the 
United States to secure circulation of the national banks purchasing 
them, matured and was called for redemption with interest to cease 
November 20, 1908. One million five hundred thousand dollars of the 
certificates had already been redeemed at the request of the owners 
and interest was paid thereon to the respective dates of redemption. 
The amount outstanding, therefore, November 9, 1908, was $13,- 
936,500, of which $620,000 were replaced by the substitution of other 
United States bonds for the purpose of maintaining the circulation 
outstanding, and the proceeds of the remainder, $13,316,500, have been 
applied to the retirement of the circulation based thereon. 

The amount of the interest-bearing debt outstanding October 31, 
1908, was $897,253,990, of which the Treasurer of the United States 
held as security for circulating notes and public deposits bonds of the 
face value of $710,899,950. Deducting the $13,936,500 of 3 per cent 
certificates of indebtedness which were redeemed in November, the 
amount of interest-bearing debt was reduced to $883,317,490. 



16 



BEPOBT ON THE FINANCES. 



The changes in the amounts of the several kinds of money in the 
United States outside the Treasury between November 1, 1907, and 
November 1, 1908, are shown in the table following: 

Ck)MPABATivE Statement Showing the Changes in Cibcitlation. 



Classes. 


In circulation 
Nov. 1, 1907. 


In circulation 
Nov. 2, 1908. 


Decrease. 


Increase. 


Gold coin 


9574,450,086 
88,822,959 
127,461,229 
677,295,909 
464,349,568 
5,601,926 
343,254,153 
595,123,866 


1610,060,562 
74,740,245 
131,663,701 
807,246.380 
483,899,842 
4,691,225 
342,994,056 
643,202,001 




$35,601,476 


Standard silver dollars 


$14,082,714 


Sabsidiarv silver 


4,202,472 


Oold oerttflcates 




129,950,480 


Silver certificates 




19,550,274 


Treasury notes, act of July 14, 1890 


9i6,76i 
260,097 




United States notes 




National-l>ank notes 


48,078,136 








Total 


2,876,368,606 


3,098,498,021 


15,253,512 


237,382,837 






Net Increase 








222,120,326 











PUBLIC MONEYS. 

The monetary operations of the Government have been conducted 
through the Treasurer of the United States, 9 subtreasury ofScers, 
the treasury of the Philippine Islands, the American Colonial Bank 
of Porto Kico, the Banco de la Habana, the National Bank of Cuba, 
and 1,454 national bank depositaries. 

The amount of public moneys held by the bank depositaries on 
June 30, 1908, including funds to the credit of the Treasurer's general 
account and United States disbursing officers, was $160,356,999.70, 
a decrease since June 30, 1907, of $18,384,438.82. On June 80, 
1908, there were 425 regular and 1,009 temporary depositaries; 
195 were designated during the iSscal year and 20 discontinued. On 
November 2, 1908, the number of depositaries was 1,429 and the 
amount of public moneys held by them was $131,693,492.55. 

SUMMARY OF FINANCIAL OPERATIONS OF THE TREASURY FROM JULY 1, 

1901, TO JULY 1, 1908. 

On the 1st of July, 1901, the available cash balance in the Treasury 
was $178,406,798.13. The receipts of the fiscal year 1901 showed a 
surplus over disbursements of $77,717,984.38. There were at that time 
no obligations of the United States that were, by their terms, im- 
mediately redeemable. The Government was therefore engaged in 
the purchase of United States bonds for the sinking fund, and during 
the ensuing fiscal year 1902 the purchases amounted to $56,071,730 
and the disbursement on account thereof was $70,410,941.33. 

The receipts of the fiscal year 1902 amounted to over $684,000,000 
and the disbursements to about $593,000,000. There was a resulting 
surplus of more than $91,000,000 and the available cash balance 
July 1, 1902, was $212,187,3iB1.16. During this fiscal year there was a 



SECRETARY OF THE TREASURY. 17 

large increase in the volume of money in circulation, the total amount 
July 1, 1901, being $2,175,307,962, with a per capita of $27.98, and on 
July 1, 1902, $2,249,390,551, with a per capita of $28.43. The in- 
crease in circulation, therefore, amounted to $74,082,589 and in the 
per capita $0.45. During this period the increase was largely in the 
denominations of $20 and under, and, inclusive of gold coin, these 
denominations constituted more than 80 per cent of the outstanding 
circulation. 

During the fiscal year 1903 the total receipts of the Government 
were $694,621,117.64. The disbursements for the same period were 
$640,323,450.28. There was, therefore, a surplus for the year of 
$54,297,667.36. Interest-bearing bonds purchased during the period 
were only $16,529,600, there being an inadequate supply of bonds in 
the market and the prices being regarded as excessive. 

During the fiscal year 1903 the Department resumed refunding 
under authority of the act of March 14, 1900. A circular inviting the 
surrender of 3 per cent bonds of 1908 and 4 per cent bonds of 1907 
for exchange into 2 per cent consols of 1930 was published March 26, 
1903. The refunding proceeded from that date until July 31, when 
it was discontinued. During that time $16,042,700 3 per cent bonds 
and $65,099,900 4 per cent bonds were retired and their place taken 
by 2 per cent consols of 1930. The net profit of this proceeding was 
$2,768,069.06. 

The volume of money in circulation during the fiscal year 1903 
was again largely increased, the total July 1, 1902, being $2,249,390,- 
661 with a per capita of $28.43, and the total July 1, 1903, $2,367,- 
699,169 with a per capita of $29.42, showing an increase in circulation 
of $118,301,618 and in the per capita of $0.99. 

The receipts for the fiscal year 1904 were $684,214,373.74 and the 
disbursements were $725,984,945.65. There was, therefore, a deficit 
for the year of $41,770,571.91. During this year the residue of the 
5 per cent loan of 1904 fell due and was called for redemption, the 
amount being $18,607,200. There was further refunding during the 
fiscal year of 3 per cent bonds of 1908-1918 and 4 per cent bonds of 
1907, the total being $15,826,600, with a net profit of $511,363.21. 
The volume of money in circulation continued to increase, the amount 
in circulation July 1, 1903, being $2,367,692,169 with a per capita of 
$29.42, and the amount July 1, 1904, being $2,519,142,860 with a per 
capita of $30.77, making an increase in circulation of $151,450,691 
and in the per capita of $1.35. 

The receipts for the fiscal year 1905 were $697,101,269.95 and the 
disbursements were $720,105,498.55. The deficit was $23,004,228.60. 
No United States bonds were purchased or called for redemption dur- 
ing this period, nor was there a resumption of refunding operations. 

68716— Fi 1908 2 



18 REPORT ON THE FINANCES. 

The increase in the volume of circulation outstanding was less marked 
than in the preceding three fiscal years, the amount outstanding July 

1, 1904, being $2,519,142,860, with a per capita of $30.77, and the 
amount outstanding July 1, 1905, being $2,587,882,653, with a per 
capita of $31.08, an increase of $68,739,793 in circulation and $0.31 in 
the per capita. 

The receipts of the Government in the fiscal year 1906 were 
$762,386,904.62. The disbursements were $736,717,582.01. The sur- 
plus was therefore $25,669,322.61. No bonds were purchased during 
this fiscal year, but a renewal of refunding operations began October 

2, 1905, and terminated November 29. The amount of 2 per 
cent consols of 1930 issued in exchange for 3 per cent bonds of 1908- 
1918 and 4 per cent bonds of 1907 was $53,032,400. There was a very 
large increase in the volume of circulation during this fiscal year, the 
amount outstanding July 1, 1905, being $2,587,882,653, with a per 
capita of $31.08, and the amount July 1, 1906, being $2,736,646,628, 
with a per capita of $32.32, making an increase in circulation of 
$148,763,975 and in the per capita of $1.24. 

The receipts for the fiscal year 1907 were $846,725,339.62 and the 
disbursements were $762,488,753.32, showing a surplus of $84,236,586.30. 
During this fiscal year there were purchased and redeemed bonds of 
the funded loan of 1907, due July 1, 1907, amounting to $30,326,300. 
A further amount of $50,307,800 4 per cent bonds of 1907, was re- 
funded into 2 per cent consols of 1930. During this fiscal year there 
was an issue of $30,000,000 of 2 per cent Panama Canal bonds. The 
act of June 28, 1902, contained provision for the issue of these bonds 
to aid in the construction of the Panama Canal, the total amount 
authorized being $130,000,000. The act, however, contained no special 
provision for the acceptance of the Panama Canal bonds by the 
Government as a basis for the issue of circulating notes of national 
banks. They were, therefore, only receivable for that purpose upon 
the same terms as other United States bonds bearing higher rates of 
interest — that is, circulation based thereon would be subject to a tax 
of 1 per cent per annum. 

As already stated, the receipts for 1908 were $792,604,781.94, and 
the disbursements $850,674,983.09, leaving a deficit of $58,070,201.15. 

As the 2 per cent consols of 1930 were receivable for the same pur- 
pose with a tax of only one-half of 1 per cent per annum, the Panama 
Canal bonds were at an obvious disadvantage as compared with the 
2 per cent consols of 1930, and an issue of the Panama Canal bonds 
was therefore impracticable until this disadvantage could be re- 
moved by law. Accordingly, provision was made in the act of De- 
cember 21, 1905, by which the Panama Canal bonds were receivable 
as a basis for circulation upon the same terms as the 2 per cent 
consols of 1930. Up to this time there had been no apparent necessity 



SECRETARY OF THE TREASURY. 19 

for the sale of the Panama Canal bonds, the cost of constructing the 
canal having been paid out of moneys appropriated by the act of 
June 28, 1902, but in the summer of 1906 the disbursements on account 
of the canal were so heavy that it was deemed advisable to sell 
$30,000,000 of the bonds authorized for that purpose. Accordingly, 
proposals were invited on the 2d of July, 1906, and the bids were 
opened July 20 of that year. The aggregate of the bids was 
$446,371,300, at prices from par up to 125. The average price 
offered by the successful bidders was $104,036+, and the premium 
received for the bonds was $1,210,817.95. 

The volume of circulation outstanding July 1, 1906, was $2,736,- 
646,628, and the per capita $32.32, and on July 1, 1907, the amount 
of circulation was $2,772,956,455, and the per capita $32.22, being an 
increase in circulation of $36,309,827 and a decrease in the per capita 
of $0.10. 

The foregoing is a recital of the ordinary financial operations of 
the Department from July 1, 1901, to July 1, 1908. There were, 
however, certain transactions with which the depositary banks were 
connected which require notice. For example: During the summer 
of 1902 the surplus bank reserves throughout the country were rela- 
tively very low. To prepare for the emergency which seemed 
approaching, the Secretary of the Treasury caused to be printed 
large quantities of national-bank circulation, and, in September of 
that year, offered to accept satisfactory security other than Govern- 
ment bonds for deposits of public money then held by the banks, on 
condition that the released bonds should be immediately made the 
basis for circulation. 

As before stated, the Secretary also purchased bonds for the sink- 
ing fund and increased deposits in national banks to such an extent 
that more than $57,000,000 was restored to the channels of trade, and 
national-bank circulation was stimulated to the extent of $18,000,000. 
Similar assistance was rendered to business in the fall of 1903, the 
aggregate amount being $27,000,000. 

In the spring of 1904 payments were made on account of the pur- 
chase of the Panama Canal, amounting to $50^000,000, $10,000,000 of 
which was paid to the Government of Panama and $40,000,000 to 
the Panama Canal Company for the right of way. The entire 
amount was paid without disturbing the money market. The pay- 
ment was made by the Government and transferred to France through 
the medium of the clearing house and dealers in foreign exchange. 
Only a few thousand dollars actually changed hands, and not a dollar 
of gold was shipped from this country. The Republic of Panama 
invested most of the purchase price of her cession in the United 
States, and thus shipments of money to that country were avoided. 



20 BEPOBT ON THE FINANCES. 

In 1906 the banks of the country, West as well as East, found them- 
selves in the spring with surplus reserves exhausted. The foreign 
exchange market showed a marked decline in the value of sterling 
exchange suflBcient to have insured the importation of gold had the 
banks been in position to obtain it. The Treasury Department 
offered to make deposits in national banks equal in amount to any 
actual engagements of gold for importation, the deposits to be 
promptly returned when the gold actually arrived. In this way 
approximately $50,000,000 in gold was brought from abroad. This 
was accomplished without any expense to the Government, but with 
great benefit to the business interests of the country. 

In the summer of 1906, anticipating heavy demands of money in 
the fall to move the harvest of that year, which promised to be very 
great, the Secretary of the Treasury withdrew from the channels of 
trade $60,000,000. This was accumulated in part from excessive 
revenues and in part by deliberate withdrawals of public' deposits 
from the national banks. Twenty-six million dollars of this amount, 
together with about $50,000,000 of gold which was brought from 
abroad with the aid of the Department, was deposited in the national 
banks in the fall, and a further amount of $18,000,000 was added to 
the supply of money through the stimulation of national-bank circu- 
lation. 

Owing to the important bearing upon the financial situation of 
the treatment of the 4 per cent loan of 1907, a brief account thereof 
seems advisable: 

In the spring of 1907 the disposal of the 4 per cent loan of 1907, 
which would become redeemable July 1, 1907, was an important sub- 
ject for consideration. The amount of these bonds outstanding 
March 1, 1907, was $111,696,300. There was an available cash bal- 
ance in the Treasury of $251,231,426.10, of which $140,013,087.81 
consisted of deposits in national-bank depositaries. As there was 
considerable demand for money in all sections of the country, it was 
determined at once to increase the disbursements from the Treasury 
by the redemption, with interest to maturity, of $25,000,000 of the 
4 per cent bonds. The amount actually received was $25,088,750, 
leaving more than $86,000,000 to be provided for. 

The Department had the option of three methods of disposing of 
the bonds. ' First, through their redemption; second, through con- 
tinuance at a lower rate of interest, at the pleasure of the United 
States ; third, through refunding under authority of the act of March 
14, 1900, into 2 per cent consols of 1930. The redemption of the 
loan would take from the Treasury the $86,000,000 above mentioned, 
a loss which seemed to be inadvisable in view of the uncertainty then 
existing as to future financial conditions. Its continuance at a lower 
rate of interest was thought to be uncertain as to its operation and 



SECBETABY OP THE TBEASUBY. 21 

effect So it was decided to refund a part of the loan, leaving out- 
standing an amount which would easily be redeemed in July. On 
April 2 there was published a circular inviting the surrender of 
$60,000,000 of the bonds for refunding. Under this circular the De- 
partment received, between April 2 and May 31, $50,307,800 of bonds, 
and there remained outstanding for redemption $36,121,450. These 
bonds were called, and matured and ceased to bear interest July 
2, 1907. 

The monetary situation, which had been unsettled for several 
months and which was gradually becoming more threatening, caused 
the Secretary to take steps in August designed to facilitate the move- 
ment of the crops in the various sections of the country. Beginning 
on August 28 and continuing each week until October 14, weekly 
deposits were allotted to various banks to a total amount of $28,- 
000,000. These deposits were allotted in each of the 46 States, in 
the Territories, and in the District of Columbia. Every effort was 
made so to distribute this fund that it would meet actual needs in 
sections where business activity was at the maximum and currency 
was most urgently required. 

In October the situation was so serious in New York City that 
several national banks appealed to the clearing house for the issue of 
clearing-house certifipates. This application was quickly followed 
by the suspension of one of the largest trust companies after the pay- 
ment of about $8,000,000 in cash to depositors. Runs on other large 
trust companies were instituted, and deposits in many other institu- 
tions were seriously reduced. As the crisis approached, the Depart- 
ment adopted the strongest measures at its command to give material 
assistance. Within four days there was transferred from the Treas- 
ury to the banks the sum of $35,000,000. These deposits and other 
Treasury operations in connection with the associated efforts of 
prominent financiers, who aided, first, by giving immediate relief to 
certain embarrassed institutions, and, afterwards, by providing for 
imports of gold, operated at a time to prevent a dangerous panic. 
By the middle of November the available working balance in the 
Treasury had been reduced to approximately $5,000,000. It was 
apparent that no further relief could be given by use of the funds 
in the Treasury, and as the national banks were exerting themselves 
to increase circulation, being hampered, however, by the scarcity of 
bonds and the rapid advance in their price, it was determined to 
receive applications for subscriptions for $50,000,000 in Panama 
Canal bonds, and $100,000,000 in 3 per cent certificates of indebted- 
ness under the act of June 13, 1898. 

The direct effect of these issues was to afford to the banks the means 
of increasing their circulation. But, in order that the payment into 
the Treasury of the proceeds of the bonds should not offset the issuing 



29 



REPORT ON THE FINANCES. 



of national-bank notes against the bonds, arrangements were made to 
permit the deposit of 90 per cent of the proceeds of the Panama bonds 
and 75 per cent of the proceeds of the 3 per cent certificates in the 
depositary banks. The relief following the announcement, which was 
made on November 17, was so great that ultimately it was found 
necessary to issue only $24,631,980 in the Panama bonds and 
$15,436,500 in the certificates of indebtedness. All of these classes of 
obligations, except $91,820 in bonds, were used as a basis for increas- 
ing the bank-note circulation or securing public deposits. 
To recapitulate: 

The oatstandlng circalation July 1, 1901, was ^2, 175, 307, 962. 00 

The outstanding circulation July 1, 1908, was 3, 088, 002, 367. 00 

An increase in amount of 862, 694, 395. 00 

An increase per capita of 6. 74 

The interest-bearing debt of the United States outstanding July 1, 

1901, was 987, 141, 040. 00 

The annual interest charge was 29, 789, 153. 40 

The interest-bearing debt of the United States outstanding July 1, 

1908, was 897, 503, 990. 00 

The annual interest charge was 21, 101, 197. 40 

A decrease in the debt of 89,637,050.00 

A decrease in interest charge of 8,687,956.00 

Statbmbnt of the Net Ordinary Receipts and Disbursements of the Ooybrnmbnt, 
BY Fiscal Years^ Showing the Net Surplus or Deficit in each Year from 1901 
TO 1908, Inclusive. 



Fisca] y«u. 



1903.. ..„„ 

mm ., 

lioa 

IWM". 

Total 



Net ofiltoaiT 
Toeelpte. 



M0,d31, 
544,271, 

6C3,140, 
(M)l.l2i), 
145,763, 



33a 21 
€74.40 
749.10 
PS4.85 
121. il7 
334.05 

&42.53 



Net ordinary 
djabursemomta. 



#471, 190, £57. 64 
S06, 009,007. 04 
£^,402.3-JL31 
J567,278,013. 45 
fiflfi,7S4,790 Oa 
67B,ft03.7i7.75 
e69,196,5ia6g 
m,l4C,479.17 



4,212,285,858. C4 I 4,113,002,445.10 



Net Stuping 



101,287,37157 
64,287,067.36 



25,UG9,S22.61 
§4,235,580.30 



99,283,413.54 



Net deficit. 



141, 770,571. « 
23,004,228.60 



58,070,301.15 
33,362,586.64 



a To September 30, 1908. 

The surplus revenues of the Goyemment, by warrants 
issued, from July 1, 1901, to September 30, 1908, 
were $99, 283, 413. 54 

And the deposits of lawful money in excess of redemp- 
tions on account of national-bank notes, redemption 
fund, were 13, 238, 055. 50 

Total net receipts to be accounted for $112,521,469.04 

disbursements. • 

Bedemptlons of public-debt items in excess of bonds 
and certificates of indebtedness sold (exclusive of 
national-bank notes, redemption fund) 87,404,077.35 

Premiums paid in excess of premiums received on ex- 
change of bonds and other public-debt transactions- 21, 925, 115. 85 

Increase of unavailable items from July 1, 1901, to 

September 30, 1908 223,169.14 

Total ^ 109. 642, 362. 84 

Balance of net receipts 2, 879, 106. 70 



SECRETARY OF THE TREASURY. 28 



ANALYSIS OF AVAILAIiLR CASH HALANCE. 

Available cash balance July 1, 1901- $178. 406, 798. 13 
Less moneys not covered by war- 
rants 995, 236. 85 



Available cash balance, by warrants $177, 411, 561. 28 

Available cash balance September 

30, 1908, from revised statement- 184, 589, 176. 23 

Less moneys not covered by war- 
rants 4, 298, 508. 25 



AvaUable cash balance by warrants 180, 290, 667. 98 

Net increase of available cash balance, by warrants issued $2, 879, 106. 70 

NATIONAL BANKS. 

From the date of the passage of the national-bank act in 1863 to 
July 1, 1908, charters were granted to 9,174 national banking asso- 
ciations, of which 456 were organized under the act of 1863, 6,174 
under the act of 1864, 10 (gold banks) under the act of 1870, and 
2,534 under the act of 1900. At the close of the last fiscal year there 
were in active operation 6,827 associations, with authorized capital 
stock of $930,542,775. Banks to the number of 1,878 have been closed 
by the voluntary action of their stockholders, and 469 insolvent 
associations placed in the charge of receivers. Approximately, only 
5 per cent of the total number of banks chartered have failed. 

During the past year 400 banks with authorized capital of $24,- 
055,000 were chartered, of which 89 were conversions from State 
banks, 107 reorganization of State and private banks, and 204 banks 
of primary organization. The loss to the system in the year in the 
number of banks was 94, of which 73 were by voluntary liquidation 
and 21 by failure. Of the total number of liquidations, 3 were by 
expiration of charter, new associations being organized as their suc- 
cessors, and 27 were absorbed by other national banking associations; 
30 were absorbed by or reorganized as State banks, and 13 liquidated 
' to discontinue business. The aggregate capital of the banks in liqui- 
dation was $12,715,000. The capital of the 21 insolvent banks was 
$5,575,000, and their liabilities to depositors at date of latest reports 
immediately preceding failure were $17,438,170. Eleven banks, with 
aggregate capital of $1,665,000, suspended during the year, all of 
which, however, were enabled to resume business. 

That the measure generally known as the " gold standard act " of 
March 14, 1900, in which the formation of national banking asso- 
ciations with limited capital of $25,000 was authorized, the circula- 
tion franchise made more valuable by permitting the issue of cir- 
culation to the par value of the bonds deposited, and reducing the 
tax on circulation, resulted in an extraordinary increase in the 
number of banking associations, is shown by reports from the Ck)mp- 
troller of the Currency, in which it is stated that since the date in 



24 



EEPORT ON THE FINANCES. 



question charters have been granted to 3,910 associations,- with au- 
thorized capital of $231,948,300. The number of banks chartered in 
this period exceeds the number of banks in existence inmiediately 
prior thereto by 293. The number of banks organized under the act 
of March 14, 1900, was 2,534, and their authorized capital stock 
$66,020,500. The remaining banks organized in this period were 
formed under the act of 1864, and numbered 1,376, with authorized 
capital of $165,927,800. Of the total number of banks chartered since 
March 14, 1900, 2,164, with a capital of $117,400,500, were associa- 
tions of primary organization; 493 with capital of $33,195,800 con- 
versions of State banks, and 1,253 with capital of $81,352,000 reor- 
ganizations of State and private banks. The combined capital of 
the converted and reorganized banks, $114,547,800, nearly equaled 
the capital of the banks of primary organization. 

From tables hereinafter submitted, it will be noted that the United 
States bond-secured circulation increased from $216,374,795 on March 
14, 1900, to $623,250,517 on June 30, 1908; that circulation, secured by 
deposits of lawful money on account of liquidating and insolvent 
national banks and those reducing their circulation, increased from 
$38,027,935 to $75,083,400, or an increase of both classes of circulatiod 
from $254,402,730 to $698,333,917, a total increase of $443,931,187. 
Circulation secured by United States bonds reached its maximum 
on January 24, 1908, when it amounted to $644,796,233. 

The increase in number and capital of national banks organized 
since March 14, 1900, by States and geographical divisions, together 
with the number and paid-in capital stock of national banks on July 
15, 1908, appear in the table following : 



SUMMABY, BY STATES, GEOaBAPIIICAL DIVISIONS, AND CLASSES, OF NATIONAL 

Banks Organized fbom Mabch 14, 1000, to June 30, 190S, and the PAiD-nr 
Capital Stock of all Repobtinq National Banks on July 15, 1908. 



States, etc. 



Capital 
-150,000. 



No. 



Maine 

New Ilampshlro. 

Vermont 

Massachusetts 

Rhode Island 

Connecticut 



Total New England SIaUsb. 



New York 

New Jersey 

Pennsylvania 

Delaware 

Maryland 

District of Columbia. 



16 

~75 

48 

187 

8 



Total Eastern States. 



Capital. 



$75,000 

106,000 

125,000 

25,000 



75,000 



405,000 

1,917,500 

1,235,000 

4,822,000 

220,000 

747,000 



34C 8,941,600 



Capital 
$50,000+. 



No. 



28 

~74 

26 

200 



314 



Capital. 



$285,000 
200,000 
100,000 
4,000,000 
500,000 
200,000 



5,285,000 

14,070,000 

1,885,000 

22,180,000 



930,000 
850,000 



39,915,00& 



Total 
organizations. 



No. 



Capital. 



44 

~1^ 

74 

387 

8 

39 

3 



660 



$360,000 
306,000 
225,000 
4,025,000 
500,000 
275,000 



5,600,000 

15,987,600 

3,120,000 

27,002,000 

220,000 

1,677,000 

860,000 



48,866,500 



National banks 

in operation Jolr 

15,1908. 



No. 



77 
57 
51 
198 
22 
80 



423 
173 
765 

27 
101 

11 



1,600 



Capital 
paid in. 



$0,201,000 
5,435,000 
6,710,000 

66,467,600 
6,700,260 

20,230,060 



485 103,743,800 



158,782,320 
19,887,000 
112,660,470 
2,348,965 
17,827,400 
6,908,000 



316,707,171 



SECBETABT OP THE TEEASTTET. 



26 



SuicifABT, BY States, Geographical Divisions, and Classes, of National 
Banks Organized from March 14, 1900, etc. — Ck)Dtinue(L 



eutov^etev 



Capitol 



Capl 



Ka 



CaplUl. 



Capital 



N<». 



Capital. 



Total 
orEaulKatioiii. 



No. 



Cfiptta]. 



NatlcmntlMLBkd 

InopsrattoD July 

15, i^m. 



No, 



Capital 

paid la. 



Vlfglnift. 

Korth Carol II1&. . 
BoatJi CaroUna. . 

0«ot|da.... 

VUxMtt ..,„ 

AllbUSA. ...... , 

MlK^ppI 

Ltndiliim....... 



SitfitDckj. 



5 

as 

10 

as 

3 
11 

15 

sa 

27 



tU 206, 000 

wa.ooQ 
sm,tm 

12S,aOQ 

1,0^.000 

275,000 

029,500 

eOrOoo 

2SD,0OQ 
?, 641, 000 

37&,oao 

1,340.000 
700.000 



27 

12 
37 
19 
31 
IS 
17 

Hi 

21 

36 
20 



2,210,000 
1,48S,000 
3, 550, 000 
3,450,000 
2,025,000 

3.210,000 
10,750.000 
1,770,000 
3,e4fi,000 
1,760.000 



72 

as 

45 

17 
73 
29 

66 
21 
2^ 
40a 

m 

78 



•3,^66,000 
3,5A5.€00 
2,790.000 
1,610.000 
4,570,000 
3,725,000 
3,554,500 
1, 845,000 
3,400,000 

18,391,000 
3145,000 
4,965,000 
2,4£O,Q00 



lOS 
95 
fl§ 
29 
96 

m 

76 
29 
36 
533 

40 
145 

m 



115, 

10. 
4, 

«r 
s, 

40, 
3, 

Ifi, 
10, 



SSB,950 
0(26.750 
(in,fl80 
230,000 
715,390 
(3^,000 
317,000 
380,095 
69(5,000 
595,900 
350,000 
31(1.900 
012,500 



Total Sot] mem States. 



15,511,500 



40a 



41,575,000 



sea 57,086.500 1,377 



136,177,505 



Ohio 

nilDOis 



lOWB., 



105 

146 
JO 
37 
179 
117 
43 



2,793,000 

2.aoa,(»o 

3,703,500 
205,000 
950,000 
4,571.000 
3,060,000 
1. 100,000 



70 
57 
70 
21 
23 
24 
51 
28 



11,235,000 
6,200,000 

11,435,000 
4,390,000 
2.050.000 
3,250,000 
3,0iS.O0O 
7,685,000 



ISl 
145 
216 
31^ 
flOi 
203 

7,. 



Total lOddle W^ilitm 



7^'> 



IS, 915, --500 



350 



50,180,000 1,075 



Sootli Dakota ,_ 



N«w ll«ad«o.. 
Ok 



10^ 

«1 

m 

15 
10 
53 
25 
373 



2,7flS,O00 

1,535,000 

2,490,000 

2,235,000 

400,000 

250,000 

I,37A,O0O 

650,000 

7,000,000 



Total Western Stales., 



77T. 18,701,000 
^ 680,000 



Idabo. 

Norada. 
AJluoft- 



1, 



580,000 

tao.OQo 

3.5,000 
130,000 



11 

63 
10 

a 

7 
4 
I 



Total Poctfic States. 



138 3,490,000 



llE 



HaintL,.., 
Pwt^Rioo. 



5G,00D 



Tq|a] Ijlimd Pqsst^oo^. 
Total Unll^ States 



400,000 

400,000 

1,375,000 

2,060,1 

010,1 

Sfi0,000 
3,460,000 

535,000 
2,705,000 



116 

m 

115 
22 

20 

82 

34 

312 



11,065,000 

1,445.000 

65&,000 

12,012,fiOa 

000,000 

275,000 

1,125^000 

200,000 

50,000 



14,018,000 
S, 503, 000 

15,228,500 
4,&'>5,000 
3.900,000 
7,821,000 
*5,12.%O00 
8,S45,000 



09,0fii5,500 



365 
2^ 
409 
96 
130 
262 
316 
121 



60,914,100 
35,131,050 
56.221,100 
15.010,000 
16,015,000 
30,716,000 
20,330,000 
30,035,000 



1.941 344,072, 2E0 



3,165,000 
1,935,000 
3,855,000 
4,2S5,0OD 
1,010,000 
goo,r— ' 

1,175, 
9,70*, 




4,600,000 

3,41(5,900 

13,352,500 

12,127„"500 

3,738,000 

1,«10,000 

9,500,000 

2,020,000 

i2,a«J,500 



887 

38 

lis 

33 
10 

1^ 



29,7Gri,O0O 1.170 63,007,400 



2,025,000 
l,32e,r-' 
14,237,1 
1,180,1 

455,000! 

l,t.50,0D£y. 

330,0001 

60,^ 



17,357,800 2S0 20,753,; 




7,5Sfi,3eO 

4,431,000 

33,.M7,eOO 

1,820,500 

2,175,000 

1,707,000 

755,000 

100,000 



52, 122,660 



4, lil0,U00 

l| 100,000 




2,634 fi6,O'2O,60O, 1,370 165,927,800 3,9100231,948,300 fl,a24 919,100,850 



■Bonds deposited, $56,288,840. 



26 



REPORT ON THE FINANCES. 



The number and capital of State banks converted, reorganized 
banks, and banks of primary organization since March 14, 1900, clas- 
sified by capital stock, are shown in the following table: 

SUMMABY, BY GLASSES, OF NATIONAL BANKS ObQANIZED FBOM MaBCH 14, 1900, TO 

June 30, 1908. 



Classification. 


Conversions. 


Reorganizations. 


Prixnaiy organi- 


TotaL 




No. 


Capital. 


No. 


Capital. 


No. 


Capital. 


No. 


Capital. 


Capital less than 150,000. . . . 
Capital, $50,000 or more. . . . 


905 
188 


18,008,000 
26,127,800 


799 
464 


$21,187,000 
60,106.000 


1,430 
734 


$36,786,600 
80,036,000 


2,634 
1,376 


$66,020,600 
166,027,800 


Total 


493 


33,196,800 


1,263 


81,362,000 


2,104 


117,400,600 


3,910 


231,948,900 





The number of banks and the bond and circulation accounts on 
March 14, 1900, and June 30, 1908, together with the increase between 
those periods, are shown in the accompanying table : 



Mar. 14, 1900. 



June 30, 1908. 



Increase. 



Number of banks 

Authorized capital 

Bonds on deposit 

Circulation, on bonds 

Circulation, lawful money 
Total circulation 



3,617 
$616,308,096 
244,611,670 
216,374,796 
38,027,936 
264,402,730 



6,827 
$030,642,776 
628,147,130 
623,250,617 
76,063,400 
698,333,917 



3,210 

$314,234,680 

383,636,560 

406,876,722 

37,066,465 

443,931,187 



Changes which have occurred during the past year in the amount 
of authorized capital stock, bonds on deposit to secure circulation, and 
circulation secured by bonds and lawful money, together with the 
average price of 2 per cent consols, are shown in the accompanying 
table for each month ending June 30, 1908 : 





Num- 
ber 
of 

banks. 

6,650 
6,682 
6,620 
0,650 
6,665 
6,676 

6,699 
6,733 
6,764 
6,787 
6,810 
6,827 


Capital. 


Bonds on 
deposit. 


Averace 
monthlv 
price of 
2 per 
cent 
consols. 


Circulation secured by~ 


Total 

circulatioa 

outstanding. 


Date. 


Bonds. 


Lawful 
money. 


1907. 

July 31 

Aug. 31 

Sept. 30 

Oct. 31 

Nov. 30 

Dec. 31 

1908. 

Jan. 31 

Feb. 29 

Mar. 31 

Apr. 30 

May 31 

June 30 


$902,405,776 
904,494,776 
906,704,776 
909,274,776 
910,609,776 
912,369,776 

916,617,776 
917,660,776 
920,354,776 
923,677,776 
926,697,775 
930,642,776 


$668,682,650 
669,319,710 
669,624,760 
666,994,910 
618,394,610 
646,783,000 

646,828,820 
636,426,660 
632,422,670 
628,839,430 
629,031,160 
628,147,190 


106.6337 
106.9136 
106.2187 
106.4401 
106.3760 
106.1700 

104.6817 
104.3886 
1016386 
104.0000 
104.0950 
104.4806 


$665,023,290 
666,946,917 
666,101,329 
662,727,614 
610,156,006 
643,460,899 

641,919,664 
632,468,712 
628,834,336 
626,426,376 
624,714,147 
623,260,617 


$48,372,696 
47,110.404 
47,885,785 
47,262,852 
46,062,188 
46,670,996 

63,483,096 
63,216,807 
67,673,019 
72,220,323 
73,735,370 
76,083,400 


$603,396,886 
604,066,821 
603,967,114 
609,980,406 
666,218,196 
600,ia0,806 

695,402,702 
696,674,619 
606,407,366 
097,646,608 
096,440,617 
606,333,017 



SECBETARY OP THE TREASUBY. 27 

Bonds on deposit at the end of the year as security for circulation 
were in the following classes and amounts: 

2 per cent consols of 1930 $552, 863, 200 

Panama Canal bonds 36,520,740 

4 per cent loan of 1925 14.824,250 

8 per cent loan of 1908-1918 9,762,440 

8 per cent certificates of indebtedness 14, 186, 500 

On the same date national banks had on deposit with the Treasury 
interest-bearing obligations of the United States to the amount of 
$83,703^00 as security for public deposits; in other words, of the 
total interest-bearing debt of the United States, amounting to $897,- 
503,990, the banks had on deposit with the Treasury as security for 
circulation and public deposits $711,850,330, leaving available, if 
obtainable, for circulation security. United States interest-bearing 
bonds to the amount of $185,653,660. 

In a great measure the financial conditions that existed during the 
past year are reflected in the reports made to the Comptroller of 
the Currency by the national banks. Notwithstanding the voluntary 
liquidation of 73 associations and the failure of 21, there was a 
gradual and substantial increase in the number and capital of banks 
from August 22, 1907, to July 15, 1908, the net increase in number 
being 280 and in paid-in capital stock $22,649,536. As a result of 
the policy of the Department in permitting the substitution of State, 
municipal, and other bonds, as security for public deposits, for 
United States bonds, on condition that the latter were redeposited 
as security for circulation, there was a material increase in United 
States bond-secured circulation up to February, 1908, the amount out- 
standing as shown by reports on August 22, 1907, being $551,949,461, 
rising to $601,805,985 on December 3, and to the maximum, 
$627,641,739, on February 14, 1908. By May 14 the amount out- 
standing had decreased to $614,088,728, and declined further to 
$613,663,963 on July 15. 

Individual deposits, amounting on August 22, 1907, to $4,319,035,- 
402, declined to $4,176,873,717 on December 3, and to $4,105,814,418 
on February 14, 1908. In May, however, there was an increase to 
$4,312,656,789, and on July 15 to $4,374,551,208, the greatest amount 
of deposits ever held by national banking associations. 

The liabilities of the banks on account of notes and bills redis- 
oounted, bills payable and bonds borrowed, amounting approximately 
to $119,100,000 on August 22, 1907, were increased on December 3 to 
$267,000,000. By February this account was reduced to $189,800,000, 
and on May 14 to $116,300,000. By July 15 last these liabilities had 
been reduced to $95,300,000. The indebtedness of the banks to the 



. . ur.roUT OK TIIK FIKANCES. 

, ; .., „ ,„„.„„ for public deposits rose from $143 W^ '^J^^^; 

;;..,,. ( by IVbruary 14. but on May U last had declined to $170,- 

• .)i^o.>.> .x\\\\ on Julv 15 to §118^76,933. . ^ xu 

^Xo ivsouixvs of the l^^f^^^^foM^ 3, and in the 

$Kr^TS.:.Sr^/,H^. ^^!^^"^^^^,SS^ May 14, 1908, the volume 
V<4.ru.ry folloxrmff t^$4.4^^ ^^ ^^ j^,y 15 ^^ ^g^g, 

of livin? h^a incm^ ^"^I^^ff^ter in August, 1907, than at 
CT\,N81. but. «s x^iU be nofc^, '^ K™* 

a«to of «i^y ?iib«^u<snt rep^ ^^ aggregate loans and discounts of 
As horoinlx^fore ^PJ^^^ August 22 and December 3, 1907, 
iifiti.^nftl Ivjnks ^^"^qoo,000, while the banks in the city of New 
to thr rv^ont of ^"^^jations to their customers from $712,121,- 
\ork inrroa!»ed «JSTj. |t)undly, $63,000,000, but during the same 
0^S to ^^''-'^•^^^'^^inoney holdings fell from $218,700,000 to $177,- 
poy\oA their la^fw ^^ j4i,700,000. In February, 1908, the loans 
iWXOOO. a ^tf^ York CSty banks had declined to $746,692,658, but 
mndo by *^ jj^ holdings increased to $258,100,000. In May the 
thoir ^^"^^^l^^liaOySOey and in July, $866,957,813. In May the 
loans '**?'*^the New York banks reached $318,300,000, approxi- 
oash J^^^'^Jooo in excess of the amount in bank on July 15. 



matdy ^"*^y— that is, specie and legal tender notes — ^held by the 
^^ Augi^ 22, 1907, amounted to $701,623,532, but declined to 
bankson^"*^ December 3. By February 14, 1908, these holdings 
<^*'?J^j|ga^ to $788,395,576, and on May 14 to $861,326,450. The 
^^^ '"fhdd on July 15, however, was approximately $12,000,000 
'""^Aan ftt date of the prior report. 

'^Tfc deposit liabilities of the banks on August 22, 1907, amounted 
ixose 086,097, on whidi reserve was held to the amount of $1,121,- 
1^^395 or 21.33 per cent. On December 3 the liabilities of this 
ju^cter had decreased to $4,906,684,057, and the percentage of 
jt iDor^ to 21.31 per cent. On February 14, 1908, the percentage of re- 
^pye was 23.47 against liabilities aggregating $5,037,945,759, and on 
jfay 14, 23.94 per cent on liabilities of $5,295,981,122. The percent- 
age of reserve held on July 15 last was 23.19 on liabilities, aggregat- 
ing $5,464,614,059. 

Notwithstanding the unfavorable conditions during the year, the 
aggregate value of the resources of the national banks was greater 
at date of every report since August 22, 1907, than on that date, 
although between December 3, 1907, and February 14, 1908, there was 
a decrease of approximately $11,000,000. 



SECRETARY OF THE TREASURY. 29 

Bank ewaminations. 

For upward of fifty years bank examinations have been made by 
each examiner working independently of all other examiners. The 
result has been a lack of uniform methods, not only in making the 
examinations, but in deciding certain questions which the banker 
would ask the examiner at the time of his visit to the bank. 

Another bad feature of this independent work of each examiner 
was that a man who was either a poor or an indifferent examiner at 
the time of his appointment, but who had the qualifications of a good 
examiner if properly instructed, went on from year to year making 
but little improvement in his work, because he did not come in 
contact with examiners of better natural qualifications and wider 
experience. 

These and other similar conditions have engaged the earnest atten- 
tion of the Secretary, who, while recognizing that the corps of 
nationals bank examiners was in the main composed of men of tried 
integrity and ability, especially qualified for the difficult service they 
were called upon to render, felt the need of greater unity and har- 
mony of action ; and, acting under his general direction, the Comp- 
troller of the Currency has been striving to bring this about. To this 
end, the country has been divided by the Comptroller into eleven 
examiners' districts, each to be presided over by a chairman. The 
idea is to have frequent meetings of examiners, with reports of the 
meetings, forwarded by the chairmen to the Comptroller's Office. 
The chairmen of the different districts have held a meeting in Wash- 
ington, and have outlined a plan to be followed in holding these meet- 
ings, so that the work will be uniform and the reports from each 
district will be made up along similar lines. In this way it is 
believed that greater efficiency in bank examinations will be attained. 

Through these meetings in the different districts it is hoped to ap- 
proximate the work of the less experienced examiners to that of the 
more capable ones, and to encourage a full discussion of all the prob- 
lems with which the examiners have to deal. 

The Comptroller also simmioned to Washington all the examiners 
in the East, about 40 in nimiber, and will later on hold a meeting in 
the West to meet the examiners in the Middle and Far West. 

At the meeting held in the East the examiners were strongly urged 
to take more time in making their examinations; to give more atten- 
tion to finding out the exact value of the assets held by the bank, in 
order that their estimate of such assets might be as nearly correct as 
possible; and they were advised that the board of directors should be. 
convened in case the condition of the bank warranted it, in order that 
the directors might be fully informed. This plan is now jeing fol- 
lowed and much good has already resulted. 



30 BEPORT ON THE FINANCES. 

The receivers of national banks have also been summoned to 
Washington and urged to close their trusts promptly and to keep 
down expenses as low as possible. In carrying out this policy, the 
expenses of many of the receiverships have already been reduced to a 
considerable degree. 

Appointments to the position of bank examiner are made only after 
a most thorough inquiry into the qualifications of the applicant as 
to his character, ability, and training, and without regard to political 
considerations. It is of vital importance to the highest usefulness 
of this service that it be kept absolutely out of politics, and that the 
appointment, assignment, and promotion of examiners be made 
wholly on the basis of merit. In carrying out this policy the Depart- 
ment believes it is insuring, as far as possible under existing law, that 
the work of bank examinations, which is of a peculiarly confidential 
and .responsible nature, shall be conducted with thoroughness and 
efficiency. 

The Department has made to the Monetary Commission recom- 
mendations for certain amendments to the administrative features of 
the national banking laws, which are largely the outgrowth of the 
experience and observation of officials of the Comptroller's Office in 
the practical operation of these laws. Among these recommendations 
is one that the method of compensating national-bank examiners 
should be changed from a fee to a salary or per diem and expense 
basis. This and other recommendations have been repeatedly made 
by Comptrollers of the Currency, and while calling particular atten- 
tion to it now I do not feel warranted, because of its presentation to 
the Monetary Commission, which is considering the whole subject, 
in making further reference to it at this time. 

AMENDMENT OF THE NATIONAL BANKING LAWS. 

The monetary disturbance of 1907 caused the introduction in both 
branches of the Congress of bills designed to obviate a repetition of the 
trouble. In the last few days of the session a bill combining the 
important features of several of these measures was passed and was 
approved by the President, May 30, 1908. Its text was as follows: 

[Public — No. 169.] 

[H. R. 21871.] 

AN ACT To amend the national banking laws. 

Be it enacted by the Senate and House of Representatives of the United 
States of America in Congress assembled. That national banking associa- 
tions, each having an unimiiaired capital and a surplus of not less than 
twonty iHM- ivntuni, not loss than ton In nunibor. havlnjr an ajrjrroirato capital 
and surplus of at least five millions of dollars, may form voluntary asso- 
ciations to be designated as national currency associations. The banks uniting 
to form such association shall, by their presidents or vice-presidents, acting 



SECRETABY OF THE TREASURY. 81 

under authority from the board of directors, make and file with the Secre- 
tary of the Treasury a certificate setting forth the names of the banks com- 
posing the association, the principal place of business of the association, 
and the name of the association, which name shall be subject to the approval 
of the Secretary of the Treasury. Upon the filing of such certificate the 
associated banks therein named shall become a body corporate, and by the 
name so designated and approved may sue and be sued and exercise the powers 
of a body corporate for the purposes hereinafter mentioned : Provided, That not 
more than one such national currency association shall be formed in any city : 
Provided further. That the several members of such national currency associa- 
tion shall be taken, as nearly as conveniently may be, from a territory composed 
of a State or part of a State, or contiguous parts of one or more States : And 
provided further. That any national bank in such city or territory, having the 
qualifications herein prescribed for membership in such national currency asso- 
ciation, shall, upon its application to and upon the approval of the Secretary of 
the Treasury, be admitted to membership in a national currency association 
for that city or territory, and upon such admission shall be deemed and held 
a part of the body corporate, and as such entitled to all the rights and privi- 
leges and subject to all the liabilities of an original member: And provided 
further. That each national currency association shall be composed exclusively 
of banks not members of any other national currency association. 

The dissolution, voluntary or otherwise, of any bank in such association shall 
not affect the corporate existence of the association unless there shall then 
remain less than the minimum number of ten banks : Provided, however. That 
the reduction of the number of said banks below the minimum of ten shall not 
affect the existence of the corporation with respect to the assertion of all rights 
in fovor of or against such association. The affairs of the association shall be 
managed by a board consisting of one representative from each bank. By-laws 
for the government of the association shall be made by the board, subject to the 
ai^roval of the Secretary of the Treasury. A president, vice-president, secre- 
tary, treasurer, and an executive committee of not less than five members, shall 
be elected by the board. The powers of such board, except in the election of 
officers and making of by-laws, may be exercised through its executive com- 
mittee. 

The national currency association herein provided for shall have and exercise 
any and all powers necessary to carry out the purposes of this section, namely, 
to render available, under the direction and control of the Secretary of the 
Treasury, as a basis for additional circulation any securities, including com- 
mercial paper, held by a national banking association. For the purpose of 
obtaining such additional circulation, any bank belonging to any national 
currency association, having circulating notes outstanding secured by the deposit 
of bonds of the United States to an amount not less than forty per centum, 
of its capital stock, and which has its capital unimpaired and a surplus of not 
less than twenty per centum, may deposit with and transfer to the association, 
in trust for the United States, for the purpose hereinafter provided, such of the 
securities above mentioned as may be satisfactory to the board of the associa- 
tion. The ofllcers of the association may thereupon, in behalf of such bank, 
make application to the Ck)mptroller of the Currency for an issue of additional 
circulating notes to an amount not exceeding seventy-five per centum of the 
cash value of the securities or commercial paper so deposited. The Comptroller 
of the Currency shall immediately transmit such application to the Secretary 
of the Treasury with such recommendation as he thinks proper, and if, in the 
Judgment of the Secretary of the Treasury, business conditions in the locality 
4— »i>"^ additional circulation, and if he be satisfied with the character and 
▼alue €i the securities proposed and that a lien in favor of the United Statea 



32 KEPfiEnr ox the FiyA^CES. 

on tb« Meorftten to deposited and oq tbe asKts o>f the bonks compcwtng tts 
aiMocUtko will be ampi j aaiBcteot for tbe pnitectloQ of tbe United States^ ke 
ma J direct an lasne of additional cfrcnlatlnsr noCea to tbe aaaociatloa, on bdialf 
of Hmeb bank, to an amount In bia diacretion, not, bowerer, exceeding aerentj- 
flv'e per eentam t^ tlie caab valoe of tbe aeearltiea ao deposited : Pmnded^ That 
opon tbe deposit of any of tbe State, city, town, coontj, or otber mimlcfpal 
bonds, of a cbanurter deacrlbed in section tbree of tUa act, drcolatinc notes 
ma/ be Issued to tbe eztcot of not exceeding ninety per centom of tbe market 
raliie of socb bonds so deposited : And provided further, Tbat no national bank- 
ing association sbnll be antborlzed In anj erent to iasoe drcnlatinc notes baaed 
on oommerdal paper In ezceas of thirty per centnm of Its nnimpaired capital 
and sarplns, Tbe term '' commercial paper ** sliall be beld to include only notes 
representing actoal commercial tranaactiona, which when accepted hj fiie 
association sball bear tbe names of at least two reqmiaible partiea and hare 
not ficceedlng four montba to ran. 

The tmnks and tbe aasets of all banks belonging to tlie association ahMU be 
Jointly and severally liable to tbe United Statea for the redemption of 
addUl^mal circulation ; and to secnre soch liability the lien created by 
fifty-two hundred and thirty of the Revised Statutes sball extend to and corer 
the Assets of all banks belonging to the association, and to the secoritlea 
depr^slted by tbe banks with the association pnrsnant to the provisions of tiiia 
act; but as between the several banks composing such association eadi bank 
shall lie liable only in the proportion that Its capital and surplus bears to the 
sggregflte capital and surplus of all such banks. The association may, at any 
time, rr^jnire of any of its constituent banks a deposit of additional seeoritles 
or commerclAl imfier, or an exchange of the securities already on deposit to 
secure such additional circulation; and In case of tbe failure of such bank to 
make such dcfKislt or exchange the association may, after ten days* notice to 
the hnnk, sell the sffcurltlcs and paper already In Its hands at public sale, and 
(it*\Hm\t fho proceeds with the Treasurer of the United States as a fund for the 
r(*d(Ttiiptlon of such additional circulation. If such fund be insufficient for that 
pnrpone the association may recover from the bank the amount of the defidency 
by stilt in the circuit court of the United States, and shall have the benefit of 
the llfn horolnt)eforc provided for In favor of the United States upon the assets 
of such bank. The association or the Secretary of the Treasury may permit or 
r«*qnlre fin* withdrawal of any such securities or commercial paper and the 
siit)Ntltutl()ii of other mH!urlties or commercial paper of equal value therefor. 

Hro. 2. That whenever any bank belonging to a national currency association 
Hlinll fall to proHorvo or make good Its redemption fund In the Treasury of tlie 
IJnlttHl States, rctiulrcd by section three of the act of June twentieth, eighteen 
Innidrod and sovcnty-four, chapter three hundred and forty-three, and the pro- 
vlRlons of this act, the Treasurer of the United States shall notify such national 
curroncy aswoclatlon to moke good such redemption fund, and upon the failure 
of Riicli national currency association to make good such fund, the Treasurer of 
tlio (Tnltod States may, in his discretion, apply so much of the redemption fund 
liolotiKlng to tlio other banks composing such national currency association aa 
nmy l)o necossary for that purpose; and such national currency association may, 
nftor flvo days* notlct* to such bank, procee<l to sell at public sale the securities 
df»iM)Hit(Ml by such bank with the association pursuant to the provisions of sec- 
tion ono of this act, and deposit the procoeils with the Treasurer of the United 
St a f OS as a fund for the redemption of the additional circulation taken out by 
Rurh bank under this act. 

Sir. .1. That any national banking association which has circulating notes 
outstanding, secured by the deiHMit of United States bonds to an amount of not 



SECRETARY OF THE TREASURY. 38 

less than forty per centum of its capital stock, and which has a sorplos of not 
less than twenty per coitum, may make application to the Comptroller of the 
Currency for authority to issue additional circulating notes to be secured by 
the deposit of bonds other than bonds of the United States. The Comptroller 
of the Currency shall transmit immediately the application, with his recom- 
mendation, to the Secretary of the Treasury, who shall, if in his judgment 
business conditions in the locality demand additional circulation, approve the 
same, and shall determine the time of issue and fix the amount, within the 
limitations herein imposed, of the additional circulating notes to be issued. 
Whenever after receiving notice of such approval any such association shall 
deposit with the Treasurer or any assistant treasurer of the United States such 
of the bonds described in this section as shall be approved in character and 
amount by the Treasurer of the United States and the Secretary of the 
Treasury, it shall be entitled to receive, upon the order of the Comptroller of 
the Currency, circulating notes in blank, registered and countersigned as pro- 
vided by law, not exceeding in amount ninety per centum of the market value, 
but not in excess of the par value of any bonds so deposited, such market value 
to be ascertained and determined under the direction of the Secretary of the 
Treasury. 

The Treasurer of the United States, with the approval of the Secretary of 
the Treasury, shall accept as security for the additional circulating notes pro- 
vided for in this section, bonds or other interest-bearing obligations of any State 
of the United States, or any legally authorized bonds issued by any city, town, 
county, or other legally constituted municipality or district in the United States 
which has be&i in existence for a period of ten years, and which for a period 
of ten years previous to such deposit has not defaulted in the payment of any 
part of either principal or interest of any funded debt authorized to be con- 
tracted by it, and whose net funded indebtedness does not exceed ten per centum 
of the valuation of its taxable property, to be ascertained by the last preceding 
valuation of property for the assessment of taxes. The Treasurer of the United 
States, with the approval of the Secretary of the Treasury, shall accept, for 
the purposes of this section, securities herein enumerated in such proportions 
as he may from time to time determine, and he may with such approval at any 
time require the deposit of additional securities, or require any association to 
change the character of the securities already on deposit. 

Sec 4.-That the legal title of all bonds, whether coupon or registered, de- 
posited to secure circulating notes issued in accordance with the terms of 
section three of this act shall be transferred to the Treasurer of the United 
States in trust for the association depositing them, under regulations to be pre- 
scribed by the Secretary of the Treasury. A receipt shall be given to the 
association by the Treasurer or any assistant treasurer of the United States, 
stating that such bond is held in trust for the association on whose behalf the 
transfer is made, and as security for the redemption and payment of any circu- 
lating notes that have been or may be delivered to such association. No assign- 
ment or transfer of any such bond by the Treasurer shall be deemed valid 
unless countersigned by the Comptroller of the Currency. The provisions of 
flections fifty-one hundred and sixty-three, fifty-one hundred and sixty-four, 
fifty-one hundred and sixty-five, fifty-one hundred and sixty-six, and fifty-one 
hundred and sixty-seven and sections fifty-two hundred and twenty-four to fifty- 
two hundred and thirty-four, inclusive, of the Revised Statutes respecting 
United States bonds deposited to secure circulating notes shall, except as herein 
modified, be applicable to all bonds deposited under the terms of section three 
of this act 

5g7ie— Fi 1908 3 



34 BEPORT ON THE FINANCES. 

Sec. 5. That the additional circulating notes issued under this act shall be 
used, held, and treated in the same way as circulating notes of national banking 
associations heretofore issued and secured by a deposit of United States bonds* 
and shall be subject to all the provisions of law affecting such notes except as 
herein expressly modified : Provided, That the total amount of circulating notes 
outstanding of any national banking association, including notes secured by 
United States bonds as now provided by law, and notes secured otherwise than 
by deposit of such bonds, shall not at any time exceed the amount of its unim- 
paired capital and surplus : And provided further. That there shall not be out- 
standing at any time circulating notes issued under the provisions of this act 
to an amount of more than five hundred millions of dollars. 

Sec. 6. That whenever and so long as any national banking association has 
outstanding any of the additional circulating notes authorized to be issued by 
the provisions of this act it shall keep on deposit in the Treasury of the United 
States, in addition to the redemption fund required by section three of the act 
of June twentieth, eighteen hundred and seventy-four, an additional sum equal 
to five per centum of such additional circulation at any time outstanding, such 
additional five per centum to be treated, held, and used in all respects in the 
same manner as the original redemption fund provided for by said section three 
of the act of June tw«itieth, eighteen hundred and seventy-four. 

Sec. 7. In order that the distribution of notes to be issued under the provi- 
sions of this act shall be made as equitable as practicable between the various 
sections of the country, the Secretary of the Treasury shall not approve appli- 
cations from associations in any State in excess of the amount to which such 
State would be entitled of the additional notes herein authorized on the basis 
of the proportion which the unimpaired capital and surplus of the national 
banking associations in such State bears to the total amount of unimpaired 
capital and surplus of the national banking associations of the United States : 
Provided, however, That in case the applications from associations in any State 
shall not be equal to the amount which the associations of such State would be 
entitled to under this method of distribution, the Secretary of the Treasury 
may, in his discretion, to meet an emergoicy, assign the amount not thus 
applied for to any applying association or associations in States in the same 
section of the country. 

Sec. 8. That it shall be the duty of the Secretary of the Treasury to obtain 
information with reference to the value and character of the securities author- 
ized to be accepted under the provisions of this act, and he shall from time to 
time furnish information to national banking associations as to such securities 
as would be acceptable under the provisions of this act 

Sec. 9. That section fifty-two hundred and fourteen of the Revised Statutes, 
as amended, be further amended to read as follows : 

** Sec. 5214. National banking associations having on deposit bonds of the 
United States, bearing interest at the rate of two per centum per annum, in- 
cluding the bonds issued for the construction of the Panama Canal, under the 
provisions of section eight of *An act to provide for the construction of a canal 
connecting the waters of the Atlantic and Pacific oceans,* 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 centum each half year upon the average amount 
of such of its notes in circulation as are based upon the deposit of such bonds; 
and such associations having on deposit bonds of the United States bearing 
interest at a rate higher than two per centum per annum shall pay a tax of 
one-half of one per centum each half year upon the average amount of such of 
its notes in circulation as are based upon the deposit of such bonds. National 



SECRETARY OF THE TREASURY. 35 

banking associations having circulating notes secured otherwise than by bonds 
of the United States shall pay for the first month a tax at the rate of five per 
centum per annum upon the average amount of such of their notes in circula- 
tion as are based upon the deposit of such securities, and afterwards an addi- 
tional tax of one per centum per annum for each month until a tax of ten per 
coitum per annum is reached, and thereafter such tax of ten per centum per 
annum, upon the average amount of such notes. Every national banking asso- 
ciation having outstanding circulating notes secured by a deposit of other 
securities than United States bonds shall make monthly returns, under oath of 
its president or cashier, to the Treasurer of the United States, in such form as 
the Treasurer may prescribe, of the average monthly amount of its notes so 
secured in circulation ; and it shall be the duty of the Comptroller of the Cur- 
rency to cause such reports -of notes in circulation to be verified by examina- 
tion of the banks' records. The taxes received on circulating notes secured 
otherwise than by bonds of the United States shall be paid into the Division of 
Redemption of the Treasury and credited and added to the reserve fund held for 
the redemption of United States and other notes." 

Sec. 10. That section nine of the act approved July twelfth, eighteen hun- 
dred and eighty-two, as amended by the act approved March fourth, nineteen 
hundred and seven, be further amended to read as follows : 

** Sec. 9. That any national banking association desiring to withdraw its 
circulating notes secured by deposit of United States bonds in the manner 
provided in section four of the act approved June twentieth, eighteen hundred 
and seventy-four, is hereby authorized for that purpose to deposit lawful money 
with the Treasurer of the United States and, with the consent of the Comp- 
troller of the Currency and the approval of the Secretary of the Treasury, 
to withdraw a proportionate amount of bonds held as security for its circu- 
lating notes in the order of such deposits : Provided, That not more than nine 
millions of dollars of lawful money shall be so deposited during any calendar 
month for this purpose. 

"Any national banking association desiring to withdraw any of its circu- 
lating notes, secured by the deposit of securities other than bonds of the United 
States, may make such withdrawal at any time in like manner and effect by 
the deposit of lawful money or national bank notes with the Treasurer of the 
United States, and upon such deposit a proportionate share of the securities 
so deposited may be withdrawn: Provided, That the deposits under this sec- 
tion to retire notes secured by the deposit of securities other than bonds of the 
United States shall not be covered into the Treasury, as required by section 
six of an act entitled * An act directing the purchase of silver bullion and the 
issue of Treasury notes thereon, and for other purposes,* approved July four- 
teenth, eighteen hundred and ninety, but shall be retained in the Treasury for 
the purpose of redeeming the notes of the bank making such deposit.*' 

Sec 11. That section fifty-one hundred and seventy-two of the Revised Stat- 
utes be, and the same is hereby, amended to read as follows : 

" Sec. 6172. In order to furnish suitable notes for circulation, the Comptroller 
of the Currency shall, under the direction of the Secretary of the Treasury, cause 
plates and dies to be engraved, in the best manner to guard against counterfeit- 
ing and fraudulent alterations, and shall have printed therefrom, and numbered, 
snch quantity of circulating notes, in blank, of the denominations of five dollars, 
ten dollars, twenty dollars, fifty dollars, one hundred dollars, five hundred dollars, 
one thousand dollars, and ten thousand dollars, as may be required to supply 
the associations entitled to receive the same. Such notes shall state upon their 
face that they are secured by United States bonds or other securities, certified 
by the written or engraved signatures of the Treasurer and Register ^yA \s^ 



W) BKPfiRT ON THE FTNAXCEi;. 

the Imprint of tiie neal of the Treasury. Tbey shall also expren opoa their 
face the promise of the assocfatloD recelTing the same to pay on dfnunki, at- 
tested hy the signatare of the president or Tice^presfdent and cashier. The 
Comptroller fjff the Currency, acting under the direction of the Secretary of the 
Treasury, sliall as soon as practicable cause to be prepared circulating notes in 
blank, registered and countersigned, as provided by law, to an amount equal to 
fifty per centum of the capital stock of each national banking association ; such 
Wfien to be deposited In the Treasury or in the subtreasury of the United States 
nearest the place of business of each association, and to be hdd for such asrio- 
elation, subject to the order of the Comptroller of the Currency for their delir- 
ery as provided by law : Provided, That the Comptroller of the Currency may 
Issue national bank notes of the present form until plates can be prepared and 
circulating notes issiierl as above provided: Provided, however. That in no 
ev^mt shall bank notes of the present form be issued to any bank as additional 
clrcn]atl</n provided for by this act" 

Hkc. 12. That circulating notes of national banking associations, when pre- 
sented to the Treasury for redemption, as provided in section three of the 
act approved June twentieth, eighteen hundred and seventy-four, shall be 
redeemed In lawful money of the United States. 

Hro. IH, Thnt all acts and orders of the Comptroller of the Currency and 
the Treasurer of the United States authorized by this act shall have the ap- 
proval of the Secretary of the Treasury, who shall have power, also, to make 
any such rules nnd regulations and exercise such control over the organization 
and nianngcment of national currency associations as may be necessary to carry 
out the tnirposes of this act. 

Hko. 14. Thnt (lie provisions of section fifty-one hundred and ninety-one of 
the Hovised Stntutcs, with reference to the reserves of national banking asso- 
cintlons, slinll not npply to deposits of public moneys by the United States in 
denlgnnted depositaries. 

Hko. in. Thnt nil nntlonnl banking associations designated as regular de- 
{lONitnrics of public money Rball pny upon all special and additional deposits 
tumh} hy the Secretary of the Treasury in such depositaries, and all such asso- 
clntloMM d«>ftignntod ns temporary depositaries of public money shall pay upon 
ail sums of put)llc money doi)osited in such associations interest at such rate as 
ilio Hwrotnry of the Treasury may prescribe, not less, however, than one per 
contuni per annum ui)on the average monthly amount of such deposits: Pro- 
viilvd, however, That nothing contained in this net shall be construed to change 
or modify the obliRntlon of any association or any of its officers for the safe- 
kooptng nf pul)llc money: Provided further, That the rate of interest charged 
U|Hin such de|K)Hits sluill bo equal and uniform throughout the United States. 

Kir. 1(1. That a sum RullicicMit to oiirry out the purposes of the preceding sec- 
tloiiM of this not Is hereby appropriated out of any money in the Treasury not 
ntlHM'wlNo appropriated. 

H\v, 17. That a conunlsslon is hereby created, to be called the "National 
Monotary CommlsHion/* to Ih» i»omi>08ed of nine members of the Senate, to be 
apiH»lnt<Ml by tho rrt^slding Officer thereof, nnd nine members of the House of 
Hopnmontntives. to be apimintiMl by the Speaker thereof; and any vacancy on 
ttio oonimlHsIon shall bo filled in the same manner as the original appointment 

Hhi\ 1M. That it shall be the duty of this commission to inquire into and re- 
|Hut U\ t'ongrt^ss at the earliest date practicable, what changes are necessary or 
doslrnble In the monotary Hystem of the United States or In the laws relating 
to (tanking and ourrtMioy. and for this punH)se they are authorized to sit during 
the s«>e«slon8 or twvw of iVngrt»s», at such tim«>s and places as they may deem 
desira(«li\ to send for iH^rsiMis and ivii|)ers, to administer oaths, to si)mmous and 
ivnPH^l the attendance of witnesses, and to employ a di^ursing; officer and 

\ 



SECRETARY OF TPIE TREASURY. 87 

Bnch secretaries, experts, stenographers, messengers, and other assistants as 
shall be necessary to carry out the purposes for which said commission was 
created. The commission shall have the power, through subcommittee or other- 
wise, to examine witnesses and to make such investigations and examinations, 
in this or other countries^ of the subjects committed to their charge as they 
■hall deem necessary. 

Sxa 19. That a sum sufficient to carry out the purposes of sections seventeen 
and eighteen of this act, and to pay the necessary exp^ises of the commission 
and its members, is hereby appropriated, out of any money in the Treasury 
not otherwise appropriated. Said appropriation shall be immediately available 
and shall be paid out on the audit and order of the chairman or acting chair- 
man of said commission, which audit and order shall be conclusive and binding 
upon all departments as to the correctness of the accounts of such commission. 

SEa 20. That this act shall expire by limitation on the thirtieth day of June, 
nineteen hundred and fourteen. 

Approved, May 30, 1908. 

Pursuant to this bill the Department published a circular under 
date of June 10, which, after quoting the act, proceeded as follows : 

There are two methods of applying for additional national bank currency 
under the provisions of the above act: 

1. National banks occupying contiguous territory may organize a national 
currracy association. There must be at least 10 national banks in each national 
currency association, and the aggregate capital and surplus of such national 
banks must be at least $5,000,000. No national bank may join a national cur- 
rency association unless it has an unimpaired capital and a surplus of not less 
than 20 per cent. After the formation of an association any national bank belong- 
ing thereto, whose outstanding circulating notes actually issued amount to not less 
than 40 per cent of its capital, may obtain additional circulating notes in the 
manner provided in section 1 of the above act. 

2. National banks possessing the same qualifications as to unimpaired capital 
and surplus required of banks joining a national currency association, and 
whose circulating notes outstanding and actually issued are equal to 40 per cent 
of its capital stock, may obtain additional circulating notes based upon the 
securities prescribed in said section 3 and in the manner indicated therein. 

In pursuance of the requirements of the above act, the following regulations 
are hereby established: 

The national banks located in any city in the United States containing 10 
or more such banks, having an aggregate unimpaired capital and surplus of not 
less than $5,000,000, may form a national currency association. Ten or more 
national banks possessing an aggregate unimpaired capital and surplus of not 
less than $5,000,000 may form a national currency association of the banks 
located within any contiguous territory outside of cities. But, In order that 
all national banks in the United States possessing the qualifications of unim- 
paired capital and 20 per cent surplus prescribed in the act may, if they desire, 
be included within the membership of some national currency association, the 
Secretary hereby expressly reserves the right to add to, and Include in, the 
territory of any national currency association formed in accordance with the 
provisions of the act any contiguous territory containing national banks which, 
but for such inclusion, would be excluded from or Inconveniently located as to 
a national currency association. 

National banks are advised that the names of the national currency associa- 
tions must be indicative of the locality of the several associations. It is not 
feasible, for instance, to permit an association to style itself " First National 
Currency Association." 



88 



REPORT ON THE FINANCES. 



Accompanying herewith is a blank form of resolution which should be adopted 
by the board of directors of each of the national banks desiring to form a na- 
tional currency association, empowering its president or vice-president, as the 
case may be, to act in the formation of such national currency association ; also 
a blank form of application to be used by a bank desiring to join an association* 
These papers are to be presented at a meeting of national banks held for the 
purpose of forming a national currency association. 

There has been prepared a blank form of certificate to be executed by the offi- 
cers and executive committees of national currency associations and forwarded 
to the Secretary of the Treasury with the duly auth^iticated resolutions and 
applications above mentioned. 

Upon receipt of the certificate above mentioned, and the papers which should 
accompany the same, they will be examined under direction of the Secretary of 
the Treasury, and notice of approval or disapproval will be promptly forwarded 
to the association. 

Blank forms of the certificate above mentioned, also additional blank resolu- 
tions and applications, will be furnished upon application to the Secretary of the 
Treasury. 

The following table shows, by States, the amount of capital and surplus of the 
national banks which are entitled to membership in a national currency associ- 
ation. The aggregate capital of such banks and the aggregate surplus are 
stated in the table, which includes only national banks having an unimpaired 
capital and a surplus of not less than 20 per cent 



state. 


C&pItaJ. 


Btifplus. 

13.156,600 
2,3£2.00[} 
1,604,000 

32,911,171 
3,624,500 
9,576,800 


Combined 

tturplua and 

captUU- 


Maine 


18,395,000 
&, 005,000 
4^835,000 

54,822,500 
6,350,250 

19,a55,afiD 


111,651,600 
7,357,000 
6,43a 000 


New Hampshire ...^ ..,--..^ 


Vermont ^ ^ 


Massachn3etts , 


67,7S3.en 

9 074 750 


Rhode Island .,.»,. » * * . .,.«.«. ^ . ^ ,,. ^ 


Connectiout ,. 


29,431,550 




New England States ,.„..,,».. 


00,262,800 


53,22<,&71 


1®I,487,771 




New York 


153,034,600 
18,512,000 
106,084,300 
2,223,485 
10,827.400 
5,202,000 


134,582,110 
l»,10S,246 

112,708,994 
1,S37,500 
10,205.007 

3.»42,ooa 


287,616,710 
36,620,246 
2»,»a,3S4 

4,061,486 
37,092,497 
9,144,000 


New Jersey .... + + .* 


Pennsylvania ,^ 


Delaware .,.. , .^ . 


Maryland ,,.. 


District of Columbia * * 




Eastern States „ * 


303, 481,375 


2ei,4Cl,&47 


£63.928,333 




Virginia ..., 


11,036,000 
5.806,000 
4,235,000 
3. 200,000 
7,806,500 
2,7te.000 
6)325,000 
2,800,000 
7,755.000 

31,860,300 
3,690,000 

12,678,000 
7,750,000 


7,434,336 
3,390.656 
1,678-600 
1,108,218 
5,536,000 
1,367,000 
2,9K2,5O0 
1,346,250 
4,210.865 
16,863,300 
1,276^500 
5,S»,058 
3,661.000 


18, 470, 226 


West Virginia , 


0, 7Pfl, 656 


North Carolina 


6.113,600 


South Carolina *.** ,». ^^ ^ .^.^. * , 


4^306, 21S 


Georgia ,,...»„.., .....,, 


13, 342, 500 


Florida 


4,16^,000 


Alabama *-,..- 


0,257,500 


Mississippi .,„.. 


4,ir^2S0 
11,974,865 


Louisiana *,.,..»,. 


Texas ».*.,, » ♦ * . »**..*, . 


46,723,500 
3,W6,500 
lS,24t^i,06S 
11,451,000 


A rkansas ^..,. 


Kentucky 

Tennessee , , 




Southern States , , , 


106,836.800 


67,182.073 


164, 013, 87a 




Ohio ..,. , . . 


53,636,100 
19,333.000 

a^oso,ooo 

14,070,000 

U«a,ooo 

1S,P91.000 
Itft't'S.OOO 
24,180,000 


3&, 055,615 
8.39-2.807 

30,126,140 
6,663,357 
6.029,500 

10.756,000 
6,902,650 

15.742,000 


78,601,715 


In<iiana * 


27,?S5 807 


Illinois , . .., 


80.^16. 140 


Michigan , 


10,7^3.357 


Wisconsin .*.,... 


20,000,600 


Minnesota ,. .,*...»^., 


26v64T.O0O 


Iowa ..«.,,, ,.«,,,^^,,.«,_^ » 


2f>, 857. 550 


Missouri 


40,222,000 






Middle Western Statet ,„,. 


307,096,100 


lOT,667,9e& 


3ii7(]a,0Qy 







SECRETARY OF THE TREASURY. 



39 



Btat«i. 


capital. 




Oombliied 
capital. 


IKHttDttkota , ,-„. - — „ » 


tS|97<},000 
1,«K»,000 

10*415,000 
e. 482,500 
8,220.000 
1,235,000 
7,715,000 
1,305*000 
7,6^6,000 


wn*ooo 
Asa^ooo 

4,478,750 
4,2S2.00O 
1, 840,000 

790,000 
4,3B7,000 

5S.500 
2,7W.a61 


Sa.Ml.ODO 


aaaifai>mkotm ._., ..., 

NebmkB * ,*.,.„...,.. ,,,, 


3*4«0,QnJ 
14rfi93,750 


KuitAi , 


13,704, J500 


ICoOtfliTtS 


5,OljO,Dno 


Wfvnilxif ., ..^..^...^^ *.. 


3,025. OOU 


C«Bf*1fl... ........ , .., .,_. , , , 


ll,flS2,000 
1.^28,500 


Nevltexloo *.**. ... . ..... 




10,325,8111 






Western Stntes. ...,«..,.... i,,. .... . 


45,777,500 


aO, 5^2/101 


66,30^,601 






WathiTiftfiD , .-,...,..-... 


0,425,000 

2,580,000 

23,463, BOO 

MOO, 000 

2t 005, 000 

407,000 

705.000 


apssopooo 

1,522,000 

13,372,450 

8^4.500 

1*063.500 
213,000 
G04,500 


10,305,000 




4,1(0,000 

3e!8afi2H) 


'Cklmtiilft 


TtWtin, 


^9Mfi00 
3,068,500 


tltsb * 


HtTwU.. ...,* ,. 


620,000 


AtiMtDMrh 


1,2»)«,600 




Pftclflc States 


n«»ipSoo 


21,400,050 


58, 154,750 






UnlUMl States 


7D8,lil,ST5 


541*&21,0I1 


1,339,002,386 



It will be seen from an examination of the table that the national banks 
within some of the States are not eligible tO' form by themselves national cur- 
T&xcy associations, the aggregate capital and surplus being insufficient for the 
formation of such association. It is apparent, therefore, that the national 
banks in these States must affiliate with national banks in contiguous States 
in order to effect the formation of an association. 

The Secretary will not at this time allot any territory for the formation of 
national currency associations other than as is herein indicated. It is thought 
that the banks may prefer to come together of their own volition. It is prefer- 
able that state lines be observed as far as practicable, and due notice should 
be taken of the fact that each national bank desiring to become a member of 
a national currency association should be affiliated with the national banks 
in its neighborhood, and not apply for admission to an association not occupy- 
ing contiguous territory. 

Under the law, national banks not taking part in the formation of a national 
currency association, but possessing the qualifications of membership, may 
apply to the Secretary of the Treasury for admission to some association, and 
upon his approval of their applications they may be admitted to membership in 
a national currency association for their city or territory. 

It will be observed that the foregoing relates only to the formation of national 
currency associations. The method to be followed in obtaining additional cir- 
culation through such national currency associations will be made the subject 
of a separate circular to be issued later. It should be stated in this connection, 
however, that national banks belonging to national currency associations -and 
desiring to obtain additional circulation through their associations must apply 
therefor and submit their lists of securities to the officers of their respective 
associations, and not to the Secretary of the Treasury. Applications to the 
Secretary for additional circulation will be made by officers of the national 
currency associations. 

Applications for additional circulation under section 3, by Individual national 
banks, may be addressed, when the circulation is desired, to the Comptroller of 
the Currency. That officer will advise any national bank as to the details of 
procedure. 



40 REPTiRT OX THE FIXAXCES. 

Natiooal banks, by examining section 6 of tbe act« will see that the redemp- 
tion fund to be deposited in the Treasury on account of additional circulatioii 
authorized by the net must consist of 10 per cent of such additional circulatioii. 

Section 10 of the act provides that additional circulation issued under the 
proTisions of the act may be retired at any time, without restriction as to the 
ai?gregate amount retired in any one month. 

Referring to section 15 of the act, the rate of interest to be paid bj deposi- 
tary banks is hereby fixed at 1 per cent per annum upon the average monthly 
amount of public deposits held, to be computed from June 15, 1908, and to t>e 
payable July 1, 1903, and thereafter on January 1 and July 1 of eadi year. 
Interest will be paid on the entire amount held by temporary or special deposi- 
taries, and on the amount held by regular depositaries in excess of the amount 
needed for the transaction of public business. Each bank will be advised by 
letter of the precise amount of its public deposits ex^npt from payment of 
interest. 

The Secretary hereby reserves the right at any time, upon notice, to increase 
the rate of the interest to be paid by depositary banks. 

There has been but one national currency association actually 
formed whose by-laws have received the approval of this Depart- 
ment. Other associations are in process of formation, and there 
has been correspondence with national banks in different parts of the 
country upon the subject ; but it seems to be the general feeling among 
the national banks that the act should be amended in certain particu- 
lars in order to make it entirely effective. It is contended that there 
should be some provision in the law authorizing the withdrawal of 
a national bank from the national currency association to which it 
belongs, and that the voting strength of the several banks belonging 
to a national currency association should bear some proportion to 
their capital and surplus. 

The Department is engaged in an investigation of the value and 
character of the county, town, and other municipal securities specified 
in section 3 of the act of May 30, 1908, and it has arranged with the 
Interstate Commerce Commission to furnish promptly, upon appli- 
cation, information as to the status and value of railroad bonds, which 
will no doubt be offered to national currency associations by the 
national bank members thereof as security for additional circulation 
to be issued through such national currency associations. Financial 
conditions at this time do not indicate the need of the issue of addi- 
tional circulation under provisions of the act of May 30, 1908, but 
it is important that the Department and the national banks should 
perfect as far as possible the details for carrying out in case of 
necessity the provisions of the act. 

New vault. 

In order to store the emergency currency prepared under the terms 
of the act of May 30, 1908, it has been found necessary to construct 
a new vault in the Treasury building. Contracts have been made 



SECRETARY OP THE TREASURY. 41 

to construct in the subbasement of the Treasury building a vault 
which will be in all respects the best that can be made. The di- 
mensions are : 54 feet long, by 18 feet wide, by 13 feet 9 inches high, 
and the cost will be $34,000. The cubic contents of the vault will 
be 13,291 cubic feet, and the estimated storage capacity will be 
$580,000,000. It is to be completed by February 15, 1909. 

OPERATIONS OF THE MINT. 

Earnings and expenditures. 

The earnings and gains of the Mint service during the fiscal year 
1908 were as follows: 

Charges for parting and refining $817,512.95 

Charges for alloy 21, 832. 60 

Charges for assaying and stamping 28,085.68 

Seigniorage on subsidiary coinage 8, 713, 413. 85 

Seigniorage on minor coinage 1, 535, 029. 42 

Seigniorage on recoinage of minor coins 2, 928. 87 

Profits on medals and proof coins 1, 193. 80 

Charges received for mounting, etc., medal-fund account 474. 18 

Charges for the manufacture of medals, etc 19, 202. 91 

Deposit melting room grains and sweeps 31, 152. 39 

Surplus bullion recovered by operative officers 29, 797. 58 

Gain on bullion shipped mint for coinage 5, 066. 68 

Proceeds sale of old material 5, 618. 38 

Receipts from special assay of bullion and ore 8, 594. 00 

Receipts from sale of by-products 9,704.79 

Receipts for manufacturing appliances for Government and other 

Institutions 6, 164. 44 

Charges received for coinage for Philippine government 203, 287. 72 

Charges received for coinage for Mexico 9, 114. 22 

Gain on light-weight United States gold coin for recoinage 227. 02 

Total earnings and gains 10, 942, 900. 98 

The expenditures were as follow? : 

Salaries oT officers and clerks $222, 344. 72 

Wages of workmen and adjusters 1, 044, 088. 97 

Contingent expenses, less amount paid to reimburse wastage and 

loss on sweeps sold 254, 589. 13 

Parting and refining expenses, less amount paid to reimburse 

wastage and loss on sweeps sold 312, 554. 64 

Wastage of operative departments 54, 222. 20 

Wastage of operative departments, minor coinage operations 1, 233. 82 

Loss on sweeps sold during the year 7, 334. 81 

Expenses of distributing minor coins 48, 105. 86 

Expenses of medal fund (charges paid for mounting, etc.) 481.55 

Loss on recoinage of minor coins 10, 887. 54 

Total expenditures and loss 1, 955, 843. 24 



42 BEPORT ON THE FINANCES. 

Mint service. 

The domestic coinage of the four coinage mints during the fiscal 
year ended June 30, 1908, amounted to 184,007,755 pieces, of the 
value of $215,714,862.97. Of this amount $197,238,377.50 was gold, 
$16,530,477.25 subsidiary silver, and $1,946,008.22 minor coinage. 
As compared with the fiscal year 1907, there was an increase of 
$117,616,040 in gold coin and $3,555,943 in silver coin, and a decrease 
of $1,373,444.96 in the minor coinage. Of the gold coinage, $106,164,- 
360 in double eagles and $4,829,060 in eagles were of the designs pre- 
pared by the eminent sculptor, the late Augustus Saint Gaudens, to 
whom great credit is due for the artistic merits of these coins. 

In addition to the domestic coinage, there were coined for the gov- 
ernment of the Philippine Islands in silver 25,003,915 pieces, of the 
value of 18,131,792.90 pesos, and 1,500 pieces of base coins, of the 
value of 32.50 pesos, making a total of 18,131,825.40 pesos. 

There were coined for the Government of Mexico in silver 1,397,291 
50-centavo pieces, of the value of $698,645.50. 

The value of the original deposits of gold at the several mints 
and assay offices during the fiscal year ended June 30, 1908, was 
$207,413,762.82. 

Production of gold and silver and consumption in the industrial arts. 

The production of gold by the mines of the United States during the 
calendar year 1907 is estimated to have been $90,435,700. The amount 
of gold consumed in the industrial arts during the year is estimated 
to have been $37,596,254, of which amount $30,418,680 was new 
material. 

The production of silver in the United States during the year is 
estimated to have been 56,514,700 fine ounces, of the commercial 
value of $37,299,700. The amount of silver consumed in the indus- 
trial arts during the year is estimated to have been. 24,293,939 fine 
ounces, of which amount 21,138,568 fine ounces were new material. 

Purchases of silver. 

There were purchased for the coinage of subsidiary silver during 
the fiscal year 16,956,309.37 ounces of silver bullion 0.999 fine, at a 
cost of $9,923,026. The coinage of subsidiary coin from new bul- 
lion during the year was $15,698,063.25, on which there was a seign- 
iorage of $8,713,413.35. The purchases of silver for the subsidiary 
silver coin was resumed in August, 1906. The aggregate amount pur- 
chased to June 30, 1908, was 28,956,185.44 ounces 0.999 fine, costing 
$18,050,212.11. 

The coinage of subsidiary coin from new bullion from August, 
1906, to June 30, 1908, was $28,358,018.40. The cost of the bul- 



SECRETARY OF THE TREASURY. 48 

lion contained in the same was $12,998,695.61, giving a seigniorage of 
$16,359^22.79. 

New designs for corns. 

For many years, and especially since the resmnption of specie pay- 
ments in 1879, when coins commenced to enter into active circulation, 
there has been a popular demand for improvement in the designs of 
our gold and silver coins. The act of February 12, 1873, revising the 
coinage laws, limited both the designs and devices of such coins to 
those employed at the time of the passage of that act. 

On September 26, 1800, an act was passed by the Congress providing 
for the preparation of new designs of authorized devices of the coins 
of the United States. Under the terms of this act the Director of the 
Mint, with the approval of the Secretary of the Treasury, was author- 
ized to cause new designs or models of authorized devices to be pre- 
pared and adopted. No change, however, in the designs of the dies 
of any coin was to be made oftener than once in twenty-five years 
from and including the year of the adoption of the design of the coin. 

Under the act of 1890, in June, 1891, artists and others were invited 
by circular letter to submit designs and suggestions for changes in 
the designs of the silver dollar, the half dollar, the quarter dollar, 
and the dime. None of the designs or suggestions were satisfactory, 
and all were rejected by a committee appointed by the Secretary of 
the Treasury to pass thereon. Instructions were given, in the latter 
part of August, 1891, for the preparation of new designs for the half 
and quarter dollar and the dime by the engraving department of the 
Mint at Philadelphia. The designs prepared were adopted and the 
coinage therefrom commenced in January, 1892. 

No action was taken looking to the artistic improvement in the 
designs of the gold coins until early in 1905, when the President 
decided that a change should be made. The eminent American sculp- 
tor, the late Augustus Saint Gaudens, was, by his direction, employed 
to prepare models for the gold coins. Mr. Saint Gaudens entered 
upon the work enthusiastically, and after much thought and labor 
submitted models for the twenty and ten dollar gold pieces, which 
were approved by the President. 

In November, 1907, the coinage of the double eagle and the eagle 
in the designs prepared by Mr. Saint Gaudens was commenced. The 
relief of the new double eagle and eagle is the highest of that of 
coins issued by any country. The execution of the designs for these 
coins was the last effort of the great American sculptor and the 
crowning work of a notable career, giving additional interest to the 
coinage. 

The designs for the five dollar and the two and one-half dollar 
gold pieces were prepared by another American sculptor, Mr. Bela 
L. Pratt, of Boston. The striking characteristic of these coins ia 



44 REPORT ON THE FINANCES. 

that they are executed in intaglio, or, more strictly speaking, " in- 
cused," an innovation that is unique in coinage. It was adopted upon 
the suggestion of Dr. William Sturgis Bigelow, of Boston, to the 
President as a plan of coinage to get the best results in artistic work 
and at the same time preserve for commercial interests the uniformity 
of the stacking of the pieces. Aside from this these coins are well 
adapted for circulation in that the liability of loss by abrasion is 
reduced to a minimum on account of the flat field. 
< The present designs of the half and quarter dollar and the dime 
having been adopted in 1892, under -existing law, no change can be 
made in the designs of these coins until after the expiration of 
twenty-five years from the date of their adoption, which would not 
be until 1917. It is very desirable that a change in the designs of the 
subsidiary silver coins should be authorized, and the favorable con- 
sideration of the Congress is earnestly recommended, that the designs 
of these coins may be brought up to the standard of artistic merit 
now distinguishing the present issue of the gold coins of the United 
States. 

Numismatic collection. 

The collection of historical coins and medals in the Mint at Phila- 
delphia was commenced in 1838, and has been gradually added to 
each year until it has become a valuable one. Owing, however, to 
the limited appropriation made by the Congress ($500 per annimi) the 
purchase of rare specimens has been necessarily limited, and because 
of the restricted appropriation opportunities to secure specimens that 
would have added much to the interest and value of the collection 
havel^een lost. 

As the numismatic value of rare coins is constantly increasing, and 
as the present value of the cabinet in the Philadelphia Mint is far 
greater than the amount expended for these coins and medals, I 
renew my recommendation of last year that the annual appropriation 
by the Congress for the purchase of coins and medals for this collec- 
tion be not less than $5,000, or that authority be granted for the 
striking of a small medal to be sold at the Mint and the proceeds 
applied to the purchase of coins and medals for this collection. 

ENGRAVING AND PRINTING. 

In response to the increased needs for its product to meet the re- 
quirements of the business of the country the Bureau of Engraving 
and Printing has steadily expanded and its resources have been 
drawn upon to the utmost limit. It has successfully met every de- 
mand made upon it, notwithstanding the inconvenient and unsatis- 
factory conditions under which its work has been executed. 

The amount available for the transaction of the business of the 
bureau during the year was $3,316,231 appropriated by the Congress, 



SECRETARY OF THE TREASURY. 45 

and $567,440.48 repaid for services and materials furnished the sev- 
eral executive departments and bureaus, making an aggregate of 
$3,888,671.48. The expenditures comprised $186,919.42 for salaries; 
$1,415,272.37 for compensation of employees; $1,567,165.17 for wages 
of plate printers and assistants; and $671,816.64 for materials and 
miscellaneous expenses, making an aggregate of $3,841,173.60, and 
leaving an unexpended balance of $42,497.88. 

The result accomplished with the expenditures above stated in- 
cluded the production and delivery of 49,254,000 sheets of United 
States notes and certificates; 19,000 sheets of registered bonds; 9,446,- 
267 sheets of national-bank notes; 73,319,610 sheets of internal- 
revenue stamps; 399,000 sheets of customs stamps; 75,666,333 sheets 
of United States postage stamps; 47,690 sheets of postage stamps for 
the Philippine Islands; 101,200 sheets of silver certificates for the 
Philippine Islands; 129,150 sheets of notes for El Banco Espanol 
Filipino for the Philippine Islands; and 2,206,947 sheets of checks, 
drafts, etc., making an aggregate of 210,589,197 sheets. In addition 
to these impressions delivered, miscellaneous work was executed to the 
value of $119,360.49. 

Compared with the deliveries in the fiscal year 1907, there was an 
increase of 10.54 per cent in United States notes and certificates and 
bonds, 20.34 per cent in national-bank notes, and 8.34 per cent in 
postage stamps, and a decrease of 2.86 per cent in internal-revenue 
stamps, 5.45 per cent in customs stamps, and 16.33 per cent in checks, 
drafts, etc., or an increase in the aggregate of 4.7 per cent. 

In addition to the manufacture of this great quantity of securities, 
stamps, etc., the bureau was called upon, in compliance with the act 
of May 30, 1908, amending the national banking laws, to undertake 
the immediate preparation of $500,000,000 in bank notes. This work 
involved an enormous amount of labor, not only in printing, but in 
altering nearly 10,000 engraved plates, required to be changed in 
order that the notes prepared might, in the inscription on their face, 
conform to the provisions of the act. 

It was deemed advisable, also, that the backs of these notes should 
bear some suitable inscription connecting them with the new act and 
differentiating them from previous issues. This was readily accom- 
plished on the plates of the series of 1902 by adding the numbers 
" 1902-1908," but as the series of 1882 had backs of an inartistic 
design, expensive to print, and bore the coats of arms of the different 
States, making it necessary to carry in stock a full supply for each 
State, it was considered to be an opportune time to prepare a new 
design for these backs, and new plates were accordingly prepared. 
This work was commenced immediately after the passage of the act, 
the first back plate altered in accordance therewith having been sent 
to press June 5, and the first delivery of the new currency made to 



46 BEPORT ON THE FINANCES. 

the Comptroller of the Currency June 15, showing commendable 
promptness on the part of the bureau in the prosecution of the work. 

In the preparation of the new currency, early provision was made 
for notes for banks located in the agricultural sections of the country 
in order that they might be available if required in the annual moving 
of crops, and afterwards the orders for printing were distributed 
among banks located in manufacturing and financial centers of other 
States, this method being followed with the object of preparing the 
emergency currency for use in those sections of the country which it 
was believed would first need it. Gratifying progress has been made 
with this work, about $315,000,000 having been delivered to the Comp- 
troller of the Currency by the middle of November. The daily 
deliveries now approximate $3,500,000 in value, and it is expected to 
complete the entire work early in the current calendar year. In 
addition to preparing this currency, the usual deliveries of national- 
bank notes have been maintained to provide for the redemption of 
current circulation and for supplying new banks. 

The satisfactory results achieved have been made possible only by 
the continued employment of a night force, made necessary by the 
lack of facilities and space for utilizing all of the employees during 
the day, a portion of the engraving division being employed during 
the entire twenty-four hours. This condition will obtain until the 
completion of the new building, which, in accordance with the recom- 
mendation made in my last annual, report, was authorized by the 
Congress at its last session, and for which an appropriation for pre- 
liminary work was made. In pursuance of this authorization, the 
Department has acquired by purchase all of the land in square num- 
bered 231 not now owned by the Government, together with all of 
squares numbered 232 and 233, at a total cost of $396,304.40. Sketches 
are now under consideration for the building, with a view to an early 
commencement of actual building operations. 

One of the most important items in the work of the bureau is the 
preparation of postage stamps, of which 75,666,333 sheets were deliv- 
ered during the year, and it is gratifying to note that the bureau has 
fully met the agreement with the Post-Office Department with regard 
to the manufacture of these stamps, and especially in the matter of 
carrying a reserve supply. It now has a stock of every denomination 
in excess of the required reserve. 

It has been found difficult, owing to the peculiar nature of the work 
of the bureau, to obtain satisfactory technical and experienced men 
for its service in the line of the preparation of engraved plates, and 
steps have been taken through the Civil Service Commission to pro- 
cure young men of special qualifications and train them in the bureau, 
so that it will be unnecessary to take men from similar private estab- 
lishments. The force is adequate at this time, but it is deemed wise 



SECRETARY OF THE TREASURY. 47 

to take this step in anticipation of future additions to it that will be 
necessary owing to the constantly increasing demand for the product 
of the bureau. 

SECRET SERVICE. 

The secret-service division reports that the period of financial and 
commercial disturbance which developed during the early autumn 
was followed almost immediately by a very marked increase in the 
number of offenses against the counterfeiting laws, especially those 
relating to coining. There were 17 new counterfeit issues discovered 
and described' in official circulars during the year, 6 of which might 
be considered in the fairly deceptive or dangerous class. There were 
345 prosecutions under the various acts relating to counterfeiting as 
compared with 216 the previous year, and there was an increase of not 
quite 150 per cent in the amount of notes and coin captured and con- 
fiscated, the total coin, $19,135, being almost double the amount con- 
fiscated in 1907. An unusually large quantity of plates, dies, molds, 
and contraband material was also captured. Incidentally a contem- 
plated revolution in a neighboring island failed when the counterfeit 
currency with which the insurgent troops were to be paid was seized 
by the agents of the division, and the fiscal agent was arrested and 
prosecuted for counterfeiting. 

A mandatory statute requiring officers and employees of national 
banks properly to brand counterfeit notes coming into their possession 
is very generally disregarded, because through inadvertence no pen- 
alty is prescribed for failure to comply with its provisions. If a pen- 
alty clause were enacted, the circulating life of a counterfeit would be 
shortened. Legislation is also suggested covering the offense of hav- 
ing in possession or passing worthless bills of defunct corporations 
where the instrument sufficiently resembles Federal currency as to be 
readily accepted by those not thoroughly experienced in the handling 
of all the various issues of genuine obligations. 

Attention is directed to the restrictive legislation incorporated in 
the last sundry civil act in the paragraph " Suppressing counterfeit- 
ing and other crimes :" 

No part of any money appropriated by this act shall be used in payment of 
compensation or expenses of any person detuiled or transferred from the secret 
service division of the Treasury Department, or who may at any time during 
the fiscal year nineteen hundred and nine have been employed in or under said 
secret service division. 

While it may have been the intention of the Congress merely to 
put a limitation upon the funds available for the suppression of 
ooonterfeiting and to prevent the employment of secret service agents 
by the heads of other departments, the effect of this legislation dur- 



48 BEPOBT OX THi PTSAXCESL 

ing the five months it hits been in opermtion is io extend it much 
further. The Revised Statutes give to the Secretuy of tlie Treismyy 
in common with other heads of departments, the li^t to utilize his 
force of employees in the manner best calculated to serve the public 
interests. In^ the Treasury Department, rnxxe than in any other, 
perhaps — ^in the mints. Bureau of Engraving and Printing. Treas- 
urers office, subtreasuries. assay offices, and similar important ad- 
juncts to the handling of the Government's finances — there are great 
temptations and great opportunities for the wrcmgdoa'. 

In the investigation of any irregularity which may be so^iected or 
discovered the Secretary must necessarily adopt protective measures. 
I am advised that he is quite within his rights in thus employing the 
services of these agents. Modification of his statutoiy autlK>rity by 
the restrictive paragraph of the act is not only a discrimination 
against him as the head of an executive department, but distinctly 
to the advantage of riolators of the criminal statutes of the United 
States. In one other direction the Secretary is seriously embarrassed, 
for he may not promote a faithful, efficioit. and deserving employee 
of the secret-service division to any one of the many offices in the 
Treasury Department where the salary or expenses are included in 
the sundry civil act. I respectfully insist that there should be no 
question of the authority of the head of this Department to transfer, 
detail, or promote officers or employees under his jurisdiction. 

DISTRICT OF COLUMBIA. 

The net disbursements on account of the District of Columbia for 
the fiscal year 1908 by warrants paid were $12,184^5.10. 

The net receipts deposited in the Treasury by warrant on this 
account for the same period were $6,576,989.51. 

The amount of the funded debt retired during the year was 
$501,000, reducing the annual interest charge by $18586.50. Since 
the close of the fiscal year the debt has been further reduced by the 
purchase of $486,650 3.65 per cent bonds, leaving outstanding Sep- 
tember 1, 1008, $10,117,100 in bonds bearing 3.65 per cent interest. 

The total issue of 3.65 per cent bonds is limited by law to $15,- 
000,000, and of this sum $14,997,300 has now been issued. 

At the close of the fiscal year 1908 the 10 per cent guaranty 
fund retained from District of Columbia contractors amounted to 
$200,018.89, and is represented by $121,230 in bonds purchased at the 
request and risk of contractors and $126,280.76 uninvested cash. 

I)etailed information in regard to the affairs of the District of 
f 'olumbia will be found in the reports of the District Commissioners 
and the Treasurer of the United States, ex-officio commissioner of the 
Binking fund of the District of Columbia. 



SECRETARY OF THE TREASURY. 49 

STATE BONDS AND STOCKS OWNED BY THE UNITED STATES. 

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

LoQisiana $37, 000. 00 

Nortli Carolina 58, 000. 00 

TenneBsee 335, 666. 66| 

Total 430, 666. 6«| 

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

CENTRAL PACIFIC AND WESTERN PACIFIC DEBT. 

The debt of the Central Pacific and Western Pacific railroads on 
account of bonds issued by the <jovernment in aid of the construction 
of the roads, amounting to $58,812,715.48 principal and interest, has 
been paid in full. 

Under settlement agreement of February 1, 1899 (House Document 
No. 238, Fifty-fifth Congress, third session), the entire debt wad 
funded into 20 notes issued to the United States of $2,940,635.78 each, 
maturing semiannually from February 1, 1899, to February 1, 1909, 
bearing interest at -the rate of 3 per cent per annum and secured by 
the deposit in the Treasury of collateral bonds bearing interest at 4 
per cent per annum. These notes were paid either before or upon the 
dates of maturity thereof, the last payment being made July 29, 1908, 
which canceled the debt. 

TERRITORY OF HAWAII. 

The debt of Hawaii, assumed by the terms of the joint resolution 
of July 7, 1898, consisted of $3,235,400 in interest-bearing bonds and 
$764,570.31 in postal savings deposits. This indebtedness has been 
fully paid by the United States, except $2,493.80 in postal savings 
certificates not yet presented for payment. 

The appropriation of $1,000,000 provided by the Congress for the 
liquidation in part of awards made for property destroyed in sup- 
pressing the bubonic plague in the Territory in 1899 and 1900 has 
been practically expended. The First National Bank at Honolulu 
reports that 26 awards, amounting to $2,298.71, are now outstanding. 

INTERNAL REVENUE. 

The receipts from internal-revenue taxes for the fiscal year 1908, 
as shown by collectors' reports, were $251,665,950.04, a net decrease 
from 1907 of $17,998,072.81. 

58716--FI 1908 4 



50 



REPORT ON THE FINANCES. 



The following items show increases for 1908: Fermented liquors, 
$239,798.63 ; oleomargarine, $66,663.65 ; adulterated butter, $30,793.70 ; 
banks, bankers, etc., $100 ; total increases, $337,355.98. 

The following items show decreases for same period: Distilled 
spirits, $16,178,094.74; tobacco, $1,948,315.43; filled cheese, $1,742.77; 
mixed flour, $341.53; process or renovated butter, $33,791.98; mis- 
cellaneous, $173,142.39; total decreases, $18,335,428.79. 

The total expenditures for the maintenance of the Internal Revenue 
Service for the fiscal year 1908 were $4,830,624.97. 

The cost of collecting $1 of internal revenue was $0,019. 

The following table gives a comparative statement of receipts for 
the fiscal years 1907 and 1908. For a more detailed statement refer- 
ence should be made to the report of the Commissioner of Internal 
Revenue. 

Receipts from Internal Revenue in 1907 and 1908, as Shown by Collectors' 

Reports. 



Objects of taxation. 



Fiscal year ended— 



June 30, I90fl. June 30, 1906. 



Distilled spirits 

ManufiKstured tobacco 

Fermented liquors 

Oleomargarine 

Filled cheese 

Mixed flour 

Adulterated butter 

Process or renovated butter. 

Banks, bankers, etc 

Miscellaneous 



9156,336,901.80 

51,811,069.69 

50,667.818.18 

887,641 31 

3,414.29 

2,722.25 

12,743.60 

161,795.79 



879,915.85 



'9140,158,807.15 

49,862,754.26 

69,807,616.81 

954,304.96 

1,671.52 

2,380 72 

43,537.30 

128,003.86 

100.00 

706,773.40 



Total ; 2«J9,664,022.85 



251,065,950.04 



Increase. 



Decrease. 



9239,798.63 
66,603.65 



916,178,004.74 
1,948,316.48 



30,793.70 

""ioaoo" 



1,742.77 
941. 6S 



33,791.09 

'i73,'i4i'ao 



.617,996,072.81 



Includes 9450,800.12 from playing cards, 9241,080.16 from penalties, and 95,233.18 from mlsoellazieoas 
sources. 

Net decrease. 

The total production of distilled spirits, exclusive of fruit brahdies, 
was 126,989,740.1 taxable gallons, against 168,573,913.2 gallon! in 
1907, a decrease of 41,584,173.1 gallons. \ 

The production of fruit brandies increased 761,518.2 gallons. 

During the fiscal year 1908 1,200 distilleries of all kinds were oper- 
ated, a decrease of 387. 

The production of beer was 58,814,033 barrels, an increase o 
192,031 barrels. 

The financial disturbance of last year naturally made itself felt in 
reduced collections of internal revenue as well as of duties on imports. 

It is probable that other causes also contributed to the decrease in 
internal-revenue collections, among which may be mentioned the fol 
lotiring: 

1. The prohibition movement, whereby the area in which distilled 
spirits may be legally sold has been restricted. 



n t 



SECRETAKY OF THE TREASURY. 



51 



2. The unsettled condition of the trade with reference to the mark- 
ing and branding of certain classes of distilled spirits under the pure- 
food laws. 

3. The increa.se in the price of grain, causing an increase in the 
cost of production of distilled spirits, resulting temporarily in a 
reduction of the quantity of tax-paid spirits in the hands of dealers. 

For comparative purposes, the collections for each month of the 
fiscal years 1907 and 1908, and for the first four months of 1909, are 
given in the table below : 

Internal-Revenue CJollections. 



Month. 



19(»-7. 



1907-8. 



1908-9. 



July 

AuKust 

September. 
October... 
November. 
December.. 
Jsnury... 
Febmery.. 
Iteicfa 

Jane 

Total 



$23,309,867.96 
21,848,663.56 
21,362,630.58 
24,825,283.56 
24,738,962.88 
23,276,367.21 
20,700,017.45 
20.200,563.54 
22,562,758.02 
21,020,844.98 
22,535.761.07 
23,124,311 24 



824,028,825.04 
22,235,807.70 
22,818,483.19 
25,606,502.80 
10,112,032.76 
20,860,637.00 
10,742.004.33 
18,725.062.21 
10,277,017.56. 
18,306,170.00 
18,405,526.25 
21,875,802.11 



822,020,316.33 
10,004,698.24 
21,006,056.10 
22,848,566.61 



260,664,022.85 



251,665,050.04 



Daily Collections from Novembeb 1 to 14, 1908 and 1907. 



Date. 



1908. 



Nov. 1. 
2. 
3. 
4. 

5. 

6. 

* 7. 

8. 



(«) 
$1,161,366 
362,058 
700,652 
509,870 
964,008 



:i 



10. 

11. 

12. 
13. 
14. 



1,^7,230 
304.507 
834,044 
884,541 
902,272 
877,880 



Total ; 10,027,566 



1907. 



8784,054 
702,646 

1,668,690 
540,244 
538,812 
564,697 
733,616 
717,616 

<•> «^ 
953,928 

393,930 

674,839 

654,113 



8,827,185 



• a Sunday. 
eforl908 $1,200,381 

The daily receipts from internal revenue are showing a gradual 
improvement, which, if continued, will bring the total for the fiscal 
^year ending June 30, 1909, to a figure not far below normal. 



Denatured alcohol. 



On June 8 I addressed a letter to the Commissioner of Internal 
lue and to the chief chemist of the Internal Revenue Bureau, 
'■ IBiecting them to proceed to Europe, to visit especially Great Britain, 



52 REPORT ON THE FINANCES. 

Germany, and France for the purpose of studying the conditions 
existing in those countries and the systems used there with regard to 
the manufacture of denatured alcohol for consumption in the arts 
and industries and for fuel, light, and power; and directing them 
also to make personal investigation into the regulations and modes 
of procedure now in force under the supervision of the countries 
named. They were further directed to investigate particularly the 
question of just how the cost of making denatured alcohol could be 
reduced, looking to the regulations covering farm productions and 
methods employed in the processes. 

The Commissioner has made a lengthy report, \^hich is in printed 
form and is available for inspection. 

The greatest ultimate advantage to be derived from the denatured- 
alcohol law will be in the shape of increased diversification of crops, 
enhanced productiveness of unfertile soil, and the utilization of what 
would otherwise be waste crops or by-products of crops. This 
feature of the development of the industry will come necessarily as 
a slow growth, especially as alcohol in our country has so far been 
made from high-priced grains rather than cheap potatoes or molasses, 
the by-product of the sugar beet. 

Considerable interest, however, is being taken by the Agricultural 
Department, by several States through experiment stations, and by 
the farmers in the West looking to the planting, cultivation, and use 
of the cheaper materials mentioned, and I look hopefully for a 
gradual and substantial development of the industry in this respect. 
It should not be overlooked that, however slow that development is, 
the operation of the denatured-alcohol law has already been of the 
greatest benefit to the manufacturers of products, such as varnishes, 
ether, fulminates, and various chemicals made from alcohol, and other 
articles, such as celluloid and artificial leather, which require treat- 
ment by alcohol as a part of the process of manufacture; also, that 
the use of denatured alcohol for the purposes of fuel, light, and power 
is increasing, notwithstanding the relative cheapness of petroleum 
products. The necessary appliances so used are being rapidly manu- 
factured and introduced, and the merita. of denatured alcohol as a 
source of energy are being brought to the attention of the public, 

CUSTOMS ADMINISTRATION. 

The Department is endeavoring to administer the customs law in 
such a way as not to permit the business of the country to be ham- 
pered by quibble or technicality, and at the same time to safeguard 
the revenue in every respect. It believes in giving an administration 
that is fair alike to the American producer and the foreign importer. 
To carry out completely such a policy, certain changes are needed in 
the existing laws of customs administration. 



SECRETARY OF THE TREASURY. 



58 



I renew the recommendation made in my annual report of last 
year that l^slation be enacted that will give to the Secretary of 
the Treasury such power as will enable him to remedy the mistakes 
made by the importer whose transaction is in good faith and who 
has no intent to evade the law or defraud the revenue. The present 
law is rigid and inelastic and treats the man whose fault is entirely 
that of ignorance or accident with the same harshness as the delib- 
erate and habitual offender. Reference is made, in this connection, 
to that part of my report of last year which gives at some length 
the reasons why such legislation is desired. 

Customs receipts. 

During the fiscal year ended July 1, 1908, the customs receipts of 
the United States amounted to $291,0815942.84. The twenty leading 
ports of the country, in their order as regards the amount of revenue 
collected, and with the value of the imports at these places, are as 
follows: 



Amount col- 
lected. 



L New York $190,191,073 

X Boston 22.5n,0e» 

S. Philadelphia 18,178.385 

4. Chlcaffo 9.704,750 

& Sanftancisco 7,496,720 

6w New Orleans 7,039,000 

7. Baltimore 4,864,177 

8. St. Louis 2,661,781 

9. Detroit 2,123,209 

10 PugetSound 1,750,057 

11. Tampa i 1,570,383 

12. Cleveland 1,447,498 

13. 8t Paul 1,203,443 

14. Portland. Greg 1,035,008 

16. Buffalo 910,919 

16w ClncinnaU 885,108 

17. Milwaukee 781.300 

18 Pittsburg 074.592 

19. Burlington, Vt 608,495 

30. KansasClty 1 578,318 



Value of 
imports. 



1688,215,938 

93,678,716 

63,432,007 

26,171,943 

48,251,476 

42.785.640 

29,477,101 

6,857,060 

7,982.642 

22,206,814 

4.385,219 

4.089.661 

5.847.325 

3,758,752 

6.927.281 

2.729,909 

3,228,602 

1,834,053 

5,347,672 

1,757,637 



Former recommendations, 

I wish to renew other recommendations in my report of a year ago, 
in regard to legislation needed for the proper conduct of the customs 
business of the country, the reasons for which were given in detail 
at that time. I again call attention to the need of a law licensing 
persons desiring to transact business as custom-house brokers, for the 
protection alike of the Department and of the profession of customs 
brokerage. 

The present fee system of payment of customs officials is full of 
recognized evils and should be changed. Collectors and other chief 
officers of the customs should be paid fixed and suitable salaries. 

A small protest fee should be required in all cases of protest before 
the Board of General Appraisers in order to relieve the Board of 



54 BEPORT OK THE FINANCES. 

unnecessary labor and to prevent the filing of protests that are ad- 
mittedly without foundation and wholly Insincere. 

The time within which protests may be made against the action of 
customs officers, both as to value and classification of merchandise, 
should be extended. The present limit is inadequate in the great 
pressure of business of the present day, and it is often impossible 
for the importer to receive information as to the decision in the case 
of his importation before the time within which he can protest has 

Svdderu changes unjust. 

The Department appreciates thoroughly the injury that can be 
done to business interests by a sudden change in the customs stand- 
ing of imported merchandise. It realizes that such sudden changes 
are unfair to business and introduce an element of uncertainty that 
should be eliminated as far as possible. It has accordingly insti- 
tuted a new system by which, when the classification of goods is 
changed which results in the payment of a higher rate of duty, 
ample warning and notice are given to those interested. Any change 
in classification that is now made by the Department does not go into 
effect until thirty days after such action has been determined upon 
and notice and warning of such advance formally and publicly given. 

Uniformity necessary. 

The proper administration of customs depends upon uniformity of 
appraisement and classification. The law gives to appraising officers 
at the different ports the authority to classify and appraise mer- 
chandise. This results too often in conflicting methods, with conse- 
quent hardship and injustice. The Department is taking all possible 
steps to bring about absolute uniformity. This is of especial im- 
portance at this time, as a revision of the tariff means new tariff 
schedules, new interpretations to be made, and new paragraph prob- 
lems to be solved. 

This year a conference of appraisers at New York was called, 
which was attended by representatives from the leading ports of the 
country. It was the largest conference of the kind that has ever been 
held in the United States and there were present officers from the 
following ports : New York, Boston, Philadelphia, Chicago, Balti- 
more, San Francisco, Detroit, St Louis, Cleveland, Buffalo, New 
Orleans, Tampa, Portland, Me., and the officers acting as appraisers 
at Port Townsend, Cincinnati, Newport News, Pittsburg, Milwaukee, 
Galveston, Los Angeles, Honolulu, Kansas City, St Paul, Providence, 
Portland, Oreg., and Porto Rico. In addition, the Department 
summoned to meet these appraising officers its confidential agents 
abroad, so as to have these officials come in personal contact and thus 



SECRETARY OF THE TREASURY. 55 

reach a better understanding. The result was very gratifying, and 
the conference will be helpful in the movement to secure uniformity. 
The Department has other and important plans under consideration 
whereby the same class of goods will be made to pay the same rate 
and amount of duty at all of the ports of the country. 

Mail importations. 

The question of mail importations and what legislation is neces- 
sary to put merchandise sent through the mails upon the same footing 
as merchandise sent through the regular channels is being thoroughly 
considered by a joint committee composed of Treasury Department 
and Post-Office Department officials. At present as to this class of 
imports there are not the necessary safeguards for protecting the 
revenue of the Government. It is hoped that whatever recommenda- 
tion is submitted to the Congress as the result of the work of this 
committee will receive prompt and favorable attention. 

New baggage regulations. 

The new system for passenger baggage declarations, referred to in 
my report of last year, is working successfully. It has done away 
with much annoyance and legitimate complaint from the traveling 
public, and at the same time has not in any way lessened the protec- 
tion to the revenues of the Government. Declarations are now made 
out in better and more detailed form than before, and as a conse- 
quence baggage can be examined more easily and expeditiously than 
under the old system. The steamship companffes have cooperated 
with the officers of the Department in handling the details of the 
subject, and have done their part of the work with diligence and care. 

Limoges china agreement. 

There have just been concluded by the Department negotiations 
which put an end to the long-drawn-out controversy as to the value 
of Limoges china. In doing this it has established a precedent and 
a principle of cooperation between the manufacturing interests 
involved and the United States Government which, in its opinion, is 
capable of being extended to other classes of merchandise with ex- 
cellent results. In this matter the manufacturers of Limoges and 
the Treasury Department officials have worked together with the one 
object in view of securing a proper and fair valuation of the product 
of the Limoges potteries. 

The work was started late last year, when the Treasury Department 
commission visited Limoges and went thoroughly into the whole 
matter of manufacture and home-market value. The members of the 
commission found manufacturers, with very few exceptions, frank 



66 REPORT ON THE PINANCES. 

and well disposed. Their attitude was one of good faith and a desire 
to have the question of value settled once for all, so that their business 
would not be hampered by controversy and uncertainty. After 
months of labor and a study of all the intricacies of china manufac- 
ture an agreement has been reached between the Department and the 
Chamber of Commerce of Limoges, representing the manufacturers 
of that city, as to the value of all kinds of pottery there manufactured. 
There may be some details still to be settled, but they are of minor 
importance and do not affect the harmonious result that has been 
achieved by this cooperation. 

Foreign chambers of commerce. 

During the past year the Department sent abroad a commission, 
consisting of Assistant Secretary James B. Reynolds, and Marion 
De Vries and Byron S. Waite, of the Board of General Appraisers, 
to examine into certain important matters affecting the proper admin- 
istration of the customs law. One of these matters was the question 
of chambers of commerce and their certificates of value. The commer- 
cial agreement with Germany contained a provision that the cham- 
bers of commerce of that country should be entitled to furnish cer- 
tificates of value of merchandise manufactured or produced in their 
respective communities, which should be regarded by appraising 
oflScers of the United States as competent evidence in the finding of 
value. Subsequent to this agreement this same privilege was, at 
the request of several governments, extended to chambers of commerce 
of other nations. IJ was granted only after it was ascertained that 
these organizations were governmental in their character, so that 
in case of a careless or false certificate of value being sent to this 
country by such an organization it would be possible to present the 
matter to its Government for proper action. The Treasury commis- 
sion made a special study of these chambers of commerce in Germany, 
France, Austria-Hungary, and Great Britain to determine just what 
would be the competency of the evidence that was presented in cases 
of disputed value. ^Vhat was found by this commission appears 
in the following extract from their report submitted to the Secretary 
of the Treasury : 

The chambers of commerce of these Ehiropean countries should not and must 
not be confused with similar organizations in the United States. Here they 
are purely local, and to that extent irresponsible, making their own laws and 
rules of procedure, accountable to no higher authority, and organized and 
acting at their own will. In the four countries which the commission vis- 
ited we found these chambers of commerce under governmental authority, ^-ary- 
ing somewhat In directness of control, but all accountable to government 
officers. In Geromny and In Austria-Hungary this control Is most practlcaU 
for the Government holds the purse strings, their funds are obtained from 
government tax, and dissatisfaction with their conduct could be met by a cut- 
ting off of appropriation and financial supply. The members are chosen from 



SECRETARY OF THE TREASURY. 57 

all branches of business, elected as prescribed by national law, make annual 
reports to the government, their proceedings are published, and they do gfficial 
work for the government along many lines. In France there is not this finan- 
cial equation, but qualifications for membership are strictly prescribed by law 
as well as the number of members. 

In Great Britain there is a different system. Not all of the chambers of com- 
merce are under governmental control, and the Department has extended the 
certificate privilege only to those which hold that relation. The government 
board of trade holds itself responsible for a certain number of these organiza- 
tions, having examined into their qualifications and abilities to do the work of 
certification, and guarantees the results. At a conference between the board of 
trade and the commission these qualifications were agreed upon, and the board 
will examine closely and thoroughly into each organization before asking that 
the privilege be extended, and the Department will grant this privilege only to 
those chambers of commerce recommended by the government l>oard. 

The commission had personal conferences with these organizations and the 
govemm^t ofiicers who controlled them in each of the countries visited. We 
examined into their practical workings, and what their procedure would be when 
asked to furnish a certificate of value. We told them that the United States 
would insist upon two things in the certificates; that there should be honest 
intent, and careful, thorough, and impartial examination as well; that it was 
not enough to mean to give correct value and then permit, through carelessness, 
a wrong value to be stated ; that we desired no perfunctory signing of a paper 
by some high officer of a chamber of commerce who was not acquainted with the 
subject; that honest ignorance would not suffice if they wished a high degree 
of competency to be attached to the certificates by the appraising officers ; that 
when we received such a paper we wished to be assured that it represented a 
painstaking examination by persons competent to make it. We were assured 
that this wish would be followed and the certificates sent would represent all 
those features. 

Of two things the commission is very confident— that in the chamber of com- 
merce certificate there are great possibilities for good, and that the several 
governments will do their utmost to see that no careless or false value is sent 
to the United States. The members of these organizations we found to be the 
leading business men of the place, of high standing in the community, and men 
who would not certify to a value that they had reason to believe was wrong. 
And they have the ability to get at the true values. They are well organized, 
possessed of facilities for getting information at first hand that neither treas- 
ury nor consular officials can have or acquire, and have persons competent to 
find the exact truth. Should a chamber of commerce fail in its duty in the 
issuance of such a certificate, we are confident that the government would take 
up the matter actively, remedy the carelessness, if such there was, or provide 
Bui^ble punishment should such be needed. 

Such organizations must, of course, vary in their expertness and accuracy of 
work. Some may be found to be infiuenced by local conditions, especially in 
cases where a city manufactures only one kind of goods and the prosperity of 
the place depends upon the profit that the manufacturers show where these 
weak spots are and where the line will need to be strengthened. But we do 
believe that appraising officers in the United States should regard these certifi- 
cates as coming from organizations of reputable business men of high standing, 
who intend tliat the information given shall be correct, and that which is ob- 
tained by thorough investigation, and that above the chamber of commerce is a 
government that will insist that the privilege given shall be neither wasted nor 
abased. 



58 REPORT OK THE FINANCES. 

Enforcement of the pure-food law. 

In the administration of certain provisions of the food and drugs 
act of 1906 the Department has endeavored to act so as to disturb 
as little as possible business conditions and to eliminate all unneces- 
sary technicality and delay, and at the same time to safeguard the 
revenue. In cooperation with the Department of Agriculture cer- 
tain methods and measures have been adopted which help to bring 
about such a result. 

It has been the practice in cases where goods have been detained 
to have the findings of the local representative of the Department of 
Agriculture and the evidence submitted by the importer sent to the 
Department for decision. Such reference of each case to Washington 
has resulted in delaying final action, and has caused friction between 
Government oflScers and importers. It has now been arranged to do 
away with such practice and to leave to the chief local representatives 
of the two Departments at the larger ports the disposition of all 
cases in which precedents or principles have been well established, 
leaving only exceptional cases and new questions to be referred to the 
Department of Agriculture for decision. The necessary instructions 
to carry out this new system are in preparation, and other changes 
designed to improve the present practice and to facilitate the trans- 
action of business are under consideration by this Department and 
the Department of Agriculture. 

Court of customs appeals. 

Prompt and eflScient administration of the customs laws is greatly 
retarded by the present ineflScient system of appeals from decisions 
by the Board of General Appraisers. While improvement has 
been in a measure afforded by the act of May 27, 1908, the system 
yet invites delay by placing a premium upon it. As every rate and 
phrase of a tariff act may be the subject of judicial action, until such 
is finally had, no such act is complete, and until then all affected 
industries and employments are to an extent embarrassed. 

Previously the average life of a customs appeal after leaving the 
Board of General Appraisers was four and one-half years. At present 
the average time consumed is about two and one-half years. It may 
well be doubted whether the recent act mentioned will afford any 
marked improvement in this respect. The present system makes each 
of at least 120 judges a possible final judge of customs appeals, a 
condition which experience has demonstrated will inevitably result 
in numerous irreconcilable conflicts of authority. In customs appeals, 
each of which often, if not usually, affects large industries and great 
numbers of employees, as well as consumers, prompt decision is of 
vital importance. 



SECRETARY OP THE TREASURY. 59 

The establishment by the Congress of a single appellate customs 
tribunal to be coordinate in powers with United States circuit courts 
of appeal would remedy the prevalent evils. Such a tribunal, having 
exclusive jurisdiction of all customs appeals, would reduce the time 
of ultimate disposition of all such cases to one-third of the time now 
required, would avoid all possible conflicts in final customs decisions, 
and would eliminate other objectionable features of the present 
system. 

It is therefore recommended to the Congress that there be estab- 
lished a United States circuit court of customs appeals having juris- 
diction of all appeals from decisions of the Board of United States 
General Appraisers. 

PUBLIC BUILDINGS. 

' The policy of the Department with reference to the design and 
construction of public buildings under its control has been to keep 
fully abreast of the great advance made in this field of enterprise. 
Probably no branch of art has made greater strides in recent years 
than architecture, and this Department has steadily endeavored to 
raise the standard of its buildings to the level of the best examples 
known. 

The act of the Congress approved May 30, 1908, carried an ap- 
propriation of approximately $34,000,000, and authorized the pur- 
chase of 259 sites and the construction of 206 buildings. Proposals 
have been taken for the sale of these sites to the Government, and 
agents of the Department have been in the field examining the prop- 
erties offered. Selections of sites are being made as rapidly as pos- 
sible, and the preliminary work has been pushed with all possible 
expedition. 

The ofBce of the Supervising Architect, which is charged with the 
duty of preparing plans and specifications for public buildings and 
the administrative work in connection therewith, has again reached 
the high state of efficiency which characterized it prior to July 1, 
1905, when it underwent partial disintegration for reasons mentioned 
in previous reports. This is largely due to the policy of the Congress 
in making additional appropriations for its support, and this impor- 
tant branch of the Department is now well equipped for the task of 
erecting the many buildings authorized. Its operations have, however, 
been considerably'^ hampered by lack of space for the working force, a 
condition which the Department hoi)es may be remedied in the near 
future. 

Provision was made in the act of May 30, 1908, that all appropria- 
tions for public buildings subsequent to July 1, 1907, should be ex- 
pended for the actual work of construotion and no other purpose. 



60 BEPORT OX THE FIKAXCES. 

TLi^ is a radical but wise change in former laws, which directed the 
Secretar>- of the Treasury to charge the construction appropriations 
equitably with the salaries of employees in the office of the Super- 
vising Architect and other contingent expenses. This policy was a 
burden upon the appropriations in question, rather cumbersome and 
difficult to carry into effect, and its operation was frequently mis- 
understood by citizens of towns and cities where public buildings were 
erected. Under the legislation mentioned the full limit of cost will 
be expended upon buildings authorized by the Congress in the act of 
May 30, 1908. 

Further change, it is believed, could be made to great advantage. 
The present system employed in connection with bills for public 
buildings is not conducive to the best results. A great mass of bills 
is annually poured in on the Department, with requests for early 
reports. In many instances the buifdings authorized are imneces- 
sary for the public business, and in the interests of economy the con- 
struction could be postponed for several years. Insufficient time is 
allowed for investigation as to the requirements of the building 
proposed, or, in fact, for an accurate estimate of cost. As a result, 
it frequently happens that a number of buildings are authorized 
which are not required, and on the other hand no appropriations are 
made for localities in which the Government is urgently in need of 
adequate buildings, and is in all probability paying large rent for 
insufficient quarters. 

Public building appropriations should be put on a basis similar 
to that now emploj^ed in connection with appropriations for river 
and harbor work. If this were done, the Congress would submit to 
this Department a list of localities, with the request that at the next 
session a report be submitted showing : 

1. The necessity or advisability of a building in the city or town 
suggested. This would necessarily embrace the size of the city, the 
cost of the building, and the price at which rented quarters are to 
be had. 

2. If a public building is recommended, the area and probable 
cost of the site; the size, cost, and character of the building that 
should be erected ; the branches of the Government service that would 
occupy it when completed, and the annual cost of its maintenance. 

3. The amount of appropriation necessary to carry on the work 
during the ensuing fiscal year. 

With such a report, carefully made in detail after consultation with 
the other departments interested, the Congress would be better able 
to judge of the advisability of authorizing a building and of the 
appropriation required. I am confident that by this method a great 
saving could be effected and that buildings could be more satisfac- 
torily and economically distributed. 



SECRETARY OF THE TREASURY. 61 

The following tables show the construction and financial operations 
of the Department with reference to public buildings under its control 
during the fiscal year ending June 30, 1908 : 

Legislation, 

The act of May 30, 1908, provided for the following : 

Sites only 13(} 

Sites and buildings 129 

Buildings on sites already owned 77 

Extensions and improvements to old buildings 51 

Total 387 

There are also 10 sites acquired under previous legislation for which 
no buildings were authorized by the act above mentioned, making in 
all 140 sites without appropriations for buildings. 

Statement of buildings. 

Completed and occupied, including 43 marine hospitals and quarantine 

stations, as of September 30, 1907 535 

Ck>mpleted since 10 

In course of erection 49 

Not commenced 348 

Total 942 

In addition to the above, 7 extensions to buildings have been com- 
pleted and 29 are now in course of construction. 

Statements of Appropriations fob Public Buildings, July 1, 1907, to June 30, 

190S. 

expenditubes during the fiscal year. 

For sites and additional land, for the construction of public 
buildings, and for extensions and repairs especially appro- 
priated for $7,397,871.00 

For repairs and preservation 491,141.40 

For heating apparatus 391,595.02 

For vaults, safes, and locks 46,555.53 

For plans, including books and periodicals 1,509.60 

For electrical protection to vaults 19,745.02 

Total 8,348,417.63 

contract liabilities existing on JUNE 30, 1908. 

On account of sites and additional land, for the construction 
of public buildings, and for extensions and repairs especially 
appropriated for : $11, 594, 004. 85 

Less authorized contract liabilities in excess of amounts ap- 
propriated 2, 198, 122. 95 



62 REPORT ON THE FINANCES. 

Net contract liability payable from amounts appropriated $9, 395, 881. 90 

On account of repairs and preservation 116, 258. 19 

On account of heating apparatus 146,181.68 

On account of vaults, safes, and locks 44,748.04 

On account of plans, including books and periodicals 407. 50 

On account of electrical protection to vaults ^ 10,062.51 

Total 1 9, 713, 539. 82 

BALANCES AVAILABLE ON JUNE 30, 1908. 

For sites and additional land, for the construction of public 
buildings, and for extensions and repairs especially appro- 

propriated for $25, 276, 249. 08 

For repairs and preservation 3, 289. 78 

For heating apparatus 6, 258. 50 

For vaults, safes, and locks 528.27 

For plans, including books and periodicals 1, 865. 74 

For electrical protection to vaults 19,955.48 

Total 25. 308, 146. 85 

Sites for new buildings in the District of Columbia. 

The Congress at its last session directed the acquisition in Washing- 
ton of a new post-office site ; of squares 226 to 230, inclusive, for the 
Departments of State, Justice, and Commerce and Labor; and of 
squares 233 and 232 and the remainder of 231 for the enlargement of 
the Bureau of Engraving and Printing, already referred to. After 
considerable negotiation the Department has contracted for square 
678, immediately west of the Union Station, for the post-office site, 
at $450,000, and for squares 233, 232, and the remainder of 231 at 
$396,304.40. It was found necessary to condemn squares 226 to 230, 
inclusive, proceedings for which are pending. 

Branch post-office at New York. 

To insure early action in providing adequate quarters for the New 
York post-office at the new Pennsylvania terminal, a competition 
for the selection of an architect was held, with the result that the 
firm of McKim, Mead & White was selected/ These architects are 
now preparing the complete working drawings, which it is believed 
will be submitted to the various contractors for estimates early in the 
spring, and a contract awarded which will enable the Department to 
complete and occupy the building coincident with the opening of the 
terminal by the Pennsylvania Railroad Company. 



SECRET AKY OF THE TREASURY. 63 

PUBLIC HEALTH AND MARINE- HOSPITAL SERVICE. 

Bureau of Public Health. 

Attention is invited to the necessity of increased administrative 
facilities for the efficient conduct of the Bureau of Public Health, 
established by act of the Congress approved July 1, 1902. 

Plagv£ in San Francisco and vicinity. 

In May, 1907, a fatal case of plague in San Francisco was reported. 
Efforts were made by local and State authorities, assisted by officers 
of the service, to suppress the disease, but in September, 1907, at the 
request of the mayor of San Francisco, and by direction of the 
President the Department took charge of the work of suppression, 
and Passed Asst. Surg. Eupert Blue was placed in charge. On his 
arrival he found that the infection was widespread and that the 
difficulties of the situation were added to by disorganized and ruinous 
conditions consequent upon the earthquake and conflagration of 
April, 1906. An active antiplague campaign was begun at once, 
and the measures instituted by the service received the hearty support 
and cooperation of the local authorities, mercantile bodies, trade 
councils, and labor unions of the city. The expenses of the Govern- 
ment were limited up to the end of the fiscal year to the pay of officers 
and employees and the expenses of laboratory investigations, other 
expenses being borne by the city of San Francisco. Up to Ju|ie 30, 
1908, there were 159 cases of plague, with 77 deaths. One thousand 
six hundred and eighty sick persons suspected of plague infection 
were inspected ; 3,973 inspections of the dead were made ; 5,320 houses 
were disinfected ; numerous sanitary nuisances were abated, and over 
7,000,000 poisons for the destruction of rats were placed; 203,642 
rats were collected, and of these, 90,720 were examined bacteriolog- 
ically, with the result that 306 were found infected with plague. 
Although the last case of human plague in San Francisco was reported 
in February, 1908, these sanitary measures have been continued. 

On November 1, 1908, in view of the lapse of time since the occur- 
rence of the last case of human plague in the city, and only two plague- 
infected rats having been discovered in a period of nearly eight 
months, the force engaged in plague suppressive measures in the city 
was materially reduced. 

In Oakland, up to and including June 30, 1908, there were 12 cases 
of plague, with 7 deaths. The service operations there included the 
detail of an officer for the supervision of preventive measures and 
laboratory investigations of plague suspects. In Oakland 37,756 rats 
were trapped or killed, 357 houses were disinfected, numerous sani- 



64 REPORT ON THE FINANCES. 

tary nuisances were abated, and nearly 3,000,000 poisons for the de- 
struction of rats were placed. Three cases occurred in other locali- 
ties in California, in the vicinity of San Francisco, and were followed 
by necessary sanitary measures. 

On August 11, 1908, a case of human plague was reported from 
Los Angeles, CaL, and immediately afterwards a ground squirrel, 
found dead, presented bacteriological evidence of plague infection. 
A laboratory has been established in Los Angeles, and numerous ex- 
aminations of ground squirrels, rats, and mice have been made. Up 
to this date no further evidences of rodent injection have been found, 
but the details of a plan for the destruction of ground squirrels are 
beinw" perfected and a systematic campaign against these animals will 
shortly be inaugurated. 

Plague in Seattle^ Wash. 

Three human cases of plague. occurred in Seattle in October, 1907. 
Infected rats were also found, and upon request of the governor of 
the State of Washington and the mayor of Seattle, the service as- 
sumed charge of plague suppressive measures November 9, 1907. 
To June 30, approximately 41,000 rats were collected, and 25,000 of 
this number were subjected to necropsy, with the result that 11 were 
found plague infected. Since June 30, 9 infected rats were found in 
July and 1 in September. 

Plague in other countries. 

Plague was widespread throughout the world during the fiscal 
year. Since the first outbreak of plague in China in 1894, 51 coim- 
tries have been invaded. Ecuador, Venezuela, and the British gold 
coast were added during the fiscal year to the plague-infected coim- 
tries. In Hawaii there \vei-e 7 cases, 4 of which were in Honolulu. 
In the Philippine Islands there occurred a single fatal case from a 
vessel at Manila. 

The advance of plague throughout the world in the past fourteen 
years has been notable, and attention to this fact has been called by 
the bureau in special bulletins, including one on the '' Measures Nec- 
essary to Prevent the Introduction and Spread of Plague." The last- 
named bulletin has also been published in Spanish and circulated by 
the Porto Rican and Cuban authorities. 

The high rate of mortality of this disease and the exceeding 
persistency of its spread from one locality to another make it im- 
perative that in all combative measures there be the most thorough 
cooperation between the authorities, representing national, State, 
and municipal governments, and private citizens of all ranks, and that 
\o precaution be omitted which will prevent this dread menace from 

a^n^ncr a permanent foothold on our shores. 



SECBETABY OF THE TREASUBY. 65 

Yellow fever. 

The only cases of yellow fever reported in the United States during 
the year were three fatal cases imported by vessels and confined to 
quarantine. In Panama there was a single reported case at Ancon. 
In Cuba, during the first half of the fiscal year, 147 cases and 50 
deaths were reported, and during the second half, 35 cases and 13 
deaths. 

Cholera. 

In Hawaii there was one fatal case at Honolulu in December. In 
the Philippine Islands there were reported, from July to February, 
421 cases and 355 deaths at Manila, and 360 cases and 283 deaths in 
the provinces. 

Smallpox. 

Forty-two States, two Territories, and the District of Columbia 
reported 51,190 cases. 

Rabies. 

A considerable number of persons were exposed to rabies in the 
District of Columbia during the past year, and authority was granted 
the Director of the Hygienic Laboratory to administer the virus to 
persons who might present themselves for that purpose. Sixty cases 
have been treated, with no fatality. Because of its increasing prev- 
alence in the United States, investigations of this disease in the 
Hygienic Laboratory have been resumed. These studies have in- 
cluded the preparation of a " fixed virus," which is 6f great value in 
the prophylactic treatment of those bitten by rabid animals. 

Investigation of typhoid fever in the District of Columbia. 

The board of officers appointed to investigate the origin and prev- 
alence of typhoid fever in the District of Columbia have submitted 
a second report (Hygienic Laboratory Bulletin No. 44) which throws 
additional light on the causation of this disease. The board is en- 
gaged in further investigations of this problem during the present 
season, intensive studies of a limited area of the city being made. 
These investigations have been of great value in studies of typhoid 
fever in other parts of the country, the Pittsburg Typhoid Commis- 
sion recently organized having undertaken precisely similar studies 
in that city. 

Leprosy investigation station^ Molokai^ Hawaii. 

It having been determined to erect the necessary buildings under 
the supervision of the constructor, orders were issued September 26, 
1907, to an officer to undertake this work. Since that time rapid 
58716— Fi 1908 5 



66 REPOET ON THE FINANCES. 

progress has been made looking to the completion of the station. The 
medical director in charge of the investigation station and his as- 
sistants have continued their studies at Honolulu and Molokai. These 
studies have been of importance in relation to the problems of leprosy, 
and they have also emphasized the necessity of the study of incipient 
cases in Honolulu as a part of the general investigation. 

Supervision over the manufacture and sale of viruseSy serums^ahd 

toxins. 

The act approved July 1, 1902, regulating the sale of viruses, 
serums, and toxins in interstate traffic has been administered as in 
previous years. 

Standardization of tetanus antitoxin. 

In order that the above-mentioned law might be properly admin- 
istered, it became necessary to establish a standard for measuring the 
strength of tetanus antitoxin, and work upon this subject has been 
carried on in the Hygienic Laboratory for the past two years, with 
the result that a standard has been devised. An amendment to the 
regulations promulgated under the act of the Congress approved 
July 1, 1902, was therefore prepared and issued October 25, 1907, 
fixing the immunity unit for measuring the strength of tetanus anti- 
toxin, the same being based upon the official test dose of a standard 
toxin prepared in the Hygienic Laboratory, this toxin being furnished 
from time to time to manufacturers of viruses, serums, and toxins, 
and others concerned. 

The Hygienic Laboratory. 

The additional building for which the Congress appropriated 
$75,000 is now in the course of construction. The activities of the 
laboratory have increased in scope, and the results of investigations 
made therein are contained in 7 bulletins published during the year. 
With the approval of the Secretary of the Treasury, there has been 
some enlargement of the Division of Pharmacology to provide for 
investigations of organo-therapeutic preparations in their relation 
to the public health and the study of pharmaceutical preparations in 
relation to the decennial revision of the pharmacopoeia. 

Sanitaiy conferences. 

In accordance with the act of the Congress approved July 1, 1902, 
the sixth annual conference of State health authorities with the 
Surgeon-General of the Public Health and Marine-Hospital Service 
was held in Washington, April 27, 1908. In accordance with sec- 



SECKETABY OF THE TREASUBY. 67 

ti<m 6 of the same act, a meeting of the advisory board of the 
Hygienic Laboratory was held in Washington, February 27, 1908. 
The smnmary of the work of the typhoid fever board during 1907 
was presented for consideration, and it was the unanimous opinion 
that the investigations should be continued, the problem being one 
of national importance and the results obtained of great value to 
health officers in combating this disease. 

International sanitary conventions. 

The Third International Sanitary Convention of the American 
Republics was held in the City of Mexico, December 2-7, 1907, at 
which were present delegates from 13 Republics. This convention 
adopted a number of important resolutions relating to the prevention 
of malaria, tuberculosis, and other diseases, and the improvement of 
health conditions in the Western Hemisphere. 

A conference was held in Rome, December 3, 1907, at which were 
present delegates from the powers signatory to the International 
Sanitary Convention of Paris, signed ad referendum December 3, 
1903. The conference had for its object the exchange of propositions 
regarding the organization of the International Sanitary Bureau of 
Paris. An agreement and organic statutes were edited and signed 
December 9, 1907. This arrangement was ratified by the President 
of the United States by and with the advice and consent of the Sen- 
ate February 15, 1908. The International Sanitary Bureau of Paris 
was therefore duly organized November 4, 1908, this Government 
being represented by a commissioned medical officer of the Public 
Healtji and Marine-Hospital Service. The United States will, there- 
fore, participate in the conduct and benefits of the above-mentioned 
bureau. 

International Congress on Tuberculosis. 

The Congress at its last session adopted a resolution that an invita- 
tion be extended to the governments of other countries to send repre- 
sentatives to the International Congress on Tuberculosis, to be held 
in Washington September 21 to October 12, 1908. An appropriation 
was also made to enable the Government of the United States to 
participate suitably in this congress, and the Public Health and 
Marine-Hospital Service therefore assembled an exhibit calculated to 
show the activities of this Department in the combat against tuber- 
culosis. 

National quarantine. 

The Surgeon-Greneral reports that 9,579 vessels were inspected, of 
which number 733 were disinfected at the 43 national quarantine sta- 
tions in the continental United States. Inspection has been main-^ 



68 KEPORT ON THE FINANCES. 

tained on the Canadian and Mexican borders. National quarantine 
has also been maintained at 8 ports in Porto Rico, 7 in Hawaii, and 7 
in the Philippine Islands. Medical officers of the Public Health and 
Marine-Hospital Service were stationed at the following-named for- 
eign ports : Habana, Cienfuegos, Matanzas, and Santiago, Cuba ; Rio 
de Janeiro, Brazil; Veracruz, Progreso, Coatzacoalcos, Salina Cruz, 
and Tampico, Mexico; Colon, Republic of Panama; Bridgetown, Cas- 
tries, and St. Thomas, West Indies; Guayaquil, Ecuador; Callao, 
Peru; Yokohama, Kobe, and Nagasaki, Japan; Hongkong, China; 
Naples, Italy, and Calcutta, India. These officers have exercised 
quarantine supervision over outgoing vessels bound for the United 
States, its insular possessions and dependencies. At a number of 
foreign ports they have also examined emigrants by request of the 
Immigration Bureau and steamship companies. Medical officers have 
also been stationed at nine fruit ports in Central America to enforce 
at the foreign ports the special regulations relating to fruit vessels 
which permit their entry at ports of the United States without de- 
tention. 

During the fiscal year the legislature of the State of South Caro- 
lina ceded to the United States, without cost, its four quarantine 
stations, and the operation of the said stations has been continued 
throughout the year. The title to the New Orleans quarantine sta- 
tion and of the four substations in Louisiana has not as yet been 
completed, but the stations have been operated as national stations, 
and the question of the title is in the hands of the proper law officers 
of the Government. A title to the quarantine station at Mobile has 
been perfected, and the erection of buildings necessary to the com- 
plete rehabilitation of the station will be proceeded with under a 
decision of the Comptroller of the Treasury. Measures will be taken 
lt)oking to the acquisition of a quarantine site in the harbor of Gral- 
veston, Tex. 

Outgoing quarantine procedures instituted on account of the preva- 
lence of bubonic plague in San Francisco, Cal., were maintained 
during the fiscal year, but on October 20, 1908, no case of human 
plague having occurred in the city during a period of eight months, 
and but two plague-infected rats having been discovered during the 
same period, these restrictions were removed. 

Medical itispection of imviigrants. 

During the fiscal year 935,597 immigrants were inspected under the 
provisions of the immigration laws and regulations. These exami- 
nations have been made at ports in the United States, at some ports 
officers being detailed for this duty exclusively, while at others the 
examination has been made in conjunction with other duties of the 



SECRETARY OF THE TREASURY. 69 

officers, and at all ports provision is made for a board of medical 
officers to pass upon cases that have given rise to dispute. Of the 
number of inspections made, 782,870 were arriving aliens, 141,825 
were arrivals whose American citizenship was subsequently deter- 
mined, and of the former number 10,902 were rejected for various 
causes falling under the immigration laws and regulations. 

Sanitary bulletins and reports. 

During the year 222,456 sanitary and scientific bulletins and re- 
ports were issued by the bureau. These included the weekly Public 
Health Reports, the bulletins of the hygienic laboratory, and numer- 
ous special bulletins relating to the public health. The bulletin 
entitled "Milk and Its Relation to the Public Health," to which 
reference was made in my last annual report, has been published and 
distributed. There has been an enormous demand for this treatise, 
and the Department edition is now exhausted. Because of its prac- 
tical and scientific value, the Surgeon-General is of the opinion that 
this publication should have a wider circulation, and it is respectfully 
recommended that provision be made by the Congress for a special 
edition. 

Marine hospitals and relief. 

During the fiscal year 54,301 patients received treatment, 14,778 
being treated in hospital, and 39,523 as dispensary or out-patients. 
The hospital patients received a total of 426,957 days treatment 
The service operated 21 hospitals, owned by the Government, and 
maintained 126 other relief stations where seamen were given hospital 
or dispensary treatment. 

At the sanatorium for consumptives, Fort Stanton, N. Mex., 369 
patients were cared for during the year. Of these, 91 were dis- 
charged, 84 died at the sanatorium, and 194 remained under treat- 
ment at the close of the year. 

Aid was extended to other branches of the Government in the 
physical examination of 5,210 persons, of whom 463 were rejected. 
In addition 274 merchant seamen were examined to determine their 
fitness for shipment on American vessels, of whom 27 were rejected ; 
also 10 foreign seamen, of whom 6 were rejected. 

During the j^ear relief stations of the third class were established 
at Bellingham, Wash., Kansas City, Mo., and Port Arthur, Tex. 

Personnel. 

At the close of the fiscal year there were 128 commissioned medical 
officers, namely, the Surgeon-General, 5 assistant surgeons-general, 
29 surgeons, 62 passed assistant surgeons, and 31 assistant surgeons. 
There were also 281 acting assistant surgeons and 48 pharmacists. 



70 REPORT ON THE FINANCES. 

Expenditures. 

The appropriation for the ordinary maintenance of the service was 
$1,187,750, of which sum $150,000 was payable jfrom the appropria- 
tion for expenses of regulating immigration. The receipts from all 
sources, repayments for care of foreign seamen, etc, were $17,104.96. 
The expenditures were $1,084,783.23; estimated outstanding liabili- 
ties, $13,149.73, leaving an estimated balance of $106,921.99. 

The amount available of the appropriation for preventing the in- 
troduction and spread of epidemic disease at the beginning of the 
fiscal year was $379,803.17. Appropriations amounting to $700,000 
were made in addition to the available balance reappropriated. The 
expenditures were $368,795.59, leaving a balance June 30, 1908, of 
$711,007.58. 

The appropriation for the maintenance of the quarantine service 
was $355,000. The amount of repayments was $509.11. The expendi- 
tures were $342,390.92, which, deducting outstanding liabilities, leaves 
an estimated balance of $5,158.01. 

The amount available of the appropriation for national quarantine 
and sanitation at the beginning of the fiscal year was $456,225.48; 
the repayments were $525.20; the expenditures were $88,084: the 
balance on hand June 30, 1908, was $368,666.68. 

Legislation. 

There is increasing demand for further protection of the public 
health, and in this respect the National Public Health Service has 
certain duties to perform. Broadly speaking, these duties are the 
prevention of the introduction of contagious and infectious diseases 
from without and prevention of their spread from one State or Ter- 
ritory to another; the investigation of said diseases and conditions 
favoring their spread, as well as methods necessary for their preven- 
tion ; the dissemination of sanitary information thus acquired among 
sanitary officials and the public generally, and cooperation with State 
and territorial authorities for the protection of life and health. 
The officers of this service are constantly doing work no less arduous 
than the medical officers of the other services of our Government in 
time of war. No small number of them have lost their lives in epi- 
demics, and in justice they should receive the same compensation as 
officers of the other medical services of the Government. In view of 
these facts it is recommended that the Congress during its present 
session enact legislation necessary to further improve the public 
health and to maintain the high standard of efficiency in the Public 
Health and Marine-Hospital Service. 



SECRETABY OF THE TREASURY. 71 

REVENUE-CUTTER SERVICE. 

The following is a summary of the work performed by the United 
States Revenue-Cutter Service during the fiscal year 1908, together 
with the net expenditures: 

Lives saved (actually rescued) from drowning 50 

Persons on board vessels assisted 3,269 

Persons in distress taken on board and cared for 317 

Vessels assisted , 146 

Vessels boarded and papers examined 13,252 

Vessels seized or reported for violation of law 242 

Fines and penalties incurred by vessels reported $54, 700 

Value of vessels assisted and their cargoes $6,858,918 

Derelicts and obstructions to navigation removed or destroyed— 18 
Net expenditure: 

Appropriation for maintenance of the service, including 
appropriation for special repairs $1,817,227.55 

Estimated unexpended balance $2, 030. 88 

The work of the service has extended, as usual, along the entire coast 
of the United States, including the waters of the Great Lakes, Alaska, 
and Porto Rico. Four vessels have operated exclusively in Bering 
Sea from June until late in the fall for the protection of the fur 
seals. The Thetis made the annual cruise into the Arctic Ocean, 
and her efforts in the far north have resulted in great good not only 
to the public interests generally, biit in correcting various abuses 
that were found to exist in the whaling fleet. It is thought that these 
abuses have been practically eradicated. Two Japanese schooners, 
the Nitto Mam and Kaiwo Maru^ were seized by the patrol fleet for 
unlawful sealing in territorial waters off the Pribilof Islands, and 
their crews were taken to Valdez, Alaska, for trial. 

There have been during the year 22 cruising cutters in active com- 
mission, and 17 harbor vessels and launches which have performed 
boarding and anchorage duty at various ports. Twelve officers have 
been assigned to the Life-Saving Service to inspect the life-saving 
stations, drill their crews, superintend the construction of buildings 
and appliances, etc. 

The important work of assisting vessels in distress and of removing 
derelicts and other dangerous obstructions from the paths of com- 
merce, with which the service is specially charged, has been diligently 
and successfully prosecuted. Two instances of the character of this 
work deserve special mention. On September 11, 1907, 243 persons 
who had been cast ashore from the wrecked ship John Currier^ of San 
Francisco, near Nelsons Lagoon, Aleutian Islands, Alaska, and were 
suffering great privation, were rescued and afterwards safely con- 
veyed to Seattle, Wash. On February 21, 1908, the Thetis was dis- 



72 BEPORT ON THE FINANCES. 

patched from Puget Sound to Point Manby, Yakutat Bay, Alaska, a 
distance of 1,000 miles, for the relief of a Japanese crew of 11 men 
belonging to the schooner Satsuma Maru^ who were reported wrecked 
at that place and in distress. The Thetis promptly set out on her 
mission, found the shipwrecked crew, and, at much risk, succeeded in 
bringing them to the ship in small boats through a dangerous surf. 

All duties within the scope of the service have been carefully per- 
formed, and the organization has been maintained in a state of 
readiness and efficiency. 

VesaeU. 

The cutters BoutweU^ Fessenden, DdUaSj and Dexter^ all obsolete 
types of vessels, and which had become unfit for active service and 
were not worth extensive repairs, were condemned and sold under 
authority of section 2748, Revised Statutes. There is need of several 
additional sea-going, well-equipped vessels to enable the service to 
discharge effectively its duties and meet the increased demands made 
upon it. I recommend the passage of Senate bill 3345,. for the con- 
struction of 4 steam vessels, which has been favorably reported, with 
amendments, to the House of Representatives by the Committee on 
Interstate and Foreign Commerce. I recommend also that a suitable 
vessel be provided for the Hawaiian Islands. 

Legislation. 

The provisions of the act approved April 16, 1908, which are in 
accordance with my recommendations of last year, will materially 
improve the organization of the service. Aside from other ad- 
vantages of this legislation, the benefits which it insures to the war- 
rant officers and enlisted men will exert a marked influence in 
promoting the efficiency of the noncommissioned force. 

Transfer of Fort TrumhuU. 

The school for the education and training of cadets is now located 
at Arundel Cove, Md., about 7 miles from Baltimore, on the site pro- 
vided for a general depot for the Revenue-Cutter Service. This loca- 
tion is not easy of access, has undesirable surroundings, and is not 
suitable for the proper development and progress of the school. The 
matter has been given careful consideration by the Department and 
various places have been examined with a view of securing a location 
which would be advantageous and permanent. That considered most 
available and best adapted for the purposes of the school is the mili- 
tary reservation of Fort Trumbull, on the Thames River, at New 
London, Conn., consisting of about 13 acres, with various buildings 
and improvements thereon, which is under the jurisdiction of the 



SECRETABY OF THE TREASURY. 



78 



War Department The latter has signified its willingness, with the 
approval of the Congress, to turn over the reservation, subject to cer- 
tain minor limitations, for the use of the Revenue-Cutter Service. I 
therefore strongly recommend that the Congress authorize the trans- 
fer of Fort Trumbull to this Department for the purpose stated. 
Small expense has been incurred in permanent improvements for the 
school. These are well adapted and are needed for the equipment of 
the depot. 

LIFE-SAVING SERVICE. 

At the close of the fiscal year the Life-Saving Establishment 
embraced 280 stations, distributed upon the sea and lake coasts as 
follows: On the Atlantic and Gulf coasts, 201; on the coasts of the 
Great Lakes, 61 ; on the Pacific coast, 18. 

The number of vessels meeting disaster within the domain of the 
service during the year was 1,094. There were on board these vessels 
5,712 persons, 22 of whom were lost. The estimated value- of the 
property imperiled was $13,530,225, of which amount $10,390,955 
represents the value of the vessels endangered, and $3,139,270 the 
value of their cargoes. The number of vessels totally lost was 56. 
These figures are divided between documented and undocumented 
vessels (the last-mentioned class being craft of less than 5 tons 
burden, including sailboats, gasoline launches, rowboats, etc.) as 
follows: 



Number of vessels Involved 

Number of vessels totally lost 

Number of persons on board 

Num ber of persons lost 

Number of persons succored at stations 

Number of days' succor afforded 

Value of vessels 

Value of cargoes 

Total vahi® of property involved 

Value of property saved 

Value of pr(^rty lost 



Documented. 



52 

3,749 

16 

421 

848 

$0,776,725 

3,135,190 

12,911,915 

11,056,805 

1,855,110 



Undocu- 
mented. 



706 

4 

1,963 

6 

141 

152 

1614,230 

4,060 

618,310 

609,630 

8,680 



Total 



1,094 

66 

5,712 

22 

5«2 

1,000 

$10,390,956 

3,130,270 

13,630,225 

11,666,435 

1,863,700 



The number of disasters included in the foregoing table exceeds 
that given in last year's report by 39 for documented vessels and 
217 for small craft, and is 246 greater than that for any previous 
year in the history of the service. The increase over last year in the 
number of casualties to vessels of the larger class is attributed to 
two causes, namely, the exceptional openness of the winter and the 
extension of the scope of operations of the life-saving crews as a re- 
sult of the installation of power in the service lifeboats, which has 
made it possible for them to assist a larger number of distressed 
vessels. The increase with respect to undocumented vessels is in some 



74 BEPOBT ON THE FINANCES. 

measure due to the same reasons, but chiefly to the fact that the use 
of gasoline launches has sprung into such sudden and general favor. 
The number of accidents to this type of craft alone during the last 
year was 330 — ^nearly one-third of the total for all classes of vessels. 

Of the 1,094 vessels imperiled, 861, valued with their cargoes at 
$4,447,460, were assisted solely by the life-saving crews ; 192 vessels, 
valued with their cargoes at $8,109,710, were aided by the life-saving 
crews in cooperation with tugs and other agencies ; 13 vessels, valued 
with their cargoes at $502,445, were assisted by private agencies only ; 
and 28 vessels, valued with their cargoes at $470,610, received no 
assistance from any source. 

Assistance of more or less importance was afforded by the station 
crews to 89 documented and 210 undocumented vessels not included 
in the tabular statement, making in all 1,352 vessels assisted by the 
service crews. 

The crews also saved the lives of 56 persons from situations of 
peril unassociated with vessels, and succored at the stations 156 per- 
sons in distress arising from causes unrelated to shipwreck. 

Warning signals were made from the station lookouts and by the 
beach patrol to 219 vessels running into danger, 199 of the warnings 
having been given at night and 20 in the daytime. Of the vessels 
so warned, 97 were steamers. 

A comparison of the foregoing statistics with those of former years 
establishes the gratifying fact that, while the number of disasters 
occurring last year was much greater than for any previous year, 
the percentage of lives lost has never been less. The best showing 
heretofore made in this regard was that for the year 1896, when one 
life was lost out of each 260 persons involved, the ratio being the 
same as that for the period covered by this report. The work ac- 
complished in the saving of property has likewise been equaled 
but once, namely, in the same year, 1896, when the percentage of 
loss was slightly smaller. Taking into consideration, however, the 
services performed by the station crews outside their duties as salvors 
of life and property from the perils of the sea, such as extinguishing 
neighborhood fires, recovering miscellaneous property, etc., it may 
be asserted that the year's record has never been surpassed. The net 
expenditure for the maintenance of the service was $1,962,524.90. 

New life-saving stations were completed and manned during the 
year at Bethany Beach, Del., and at the entrance to Tillamook Bay, 
Oregon. 

During the year several of the self-righting and self-bailing life- 
boats in use at the stations were equipped with motive power. The 
remarkable extension of life-saving operations that has been effected 
in the localities of those stations at which mechanical power has thus 



SECRETARY OF THE TREASURY. 75 

been made to supplement the use of oars and sails renders it a mat- 
ter of imperative necessity to similarly equip all the larger service 
boats. This is being done as rapidly as possible. 

Adopting the Secretary's recommendation in last year's report, 
both Houses of the Congress passed a bill authorizing the transfer 
of surplus books from the Treasury Department library to the sta- 
tions of the Life-Saving Service, too late, however, to receive the 
approval of the President before adjournment. 

The act of the Congress approved March 26, 1908, increasing the 
compensation of the field force of the service, has done much to im- 
prove the conditions heretofore complained of with respect to the dif- 
ficulty experienced in securing suitable men for the station crews. It 
is to be regretted, however, that the law carries no pension or 
retirement feature, which would have permitted the (Jovemment to 
recognize appropriately the deserts of a class of men engaged in 
hazardous public service. 

JAMESTOWN EXPOSITION. 

In accordance with the provisions of public act No. 211, approved 
March 8, 1905, and section 10 of public act No. 388, approved June 30, 
1906, the first permanent settlement of English-speaking people on 
the Western Hemisphere was celebrated by holding an international 
exposition in the vicinity of Jamestown, Va. 

The several appropriations made, and directed to be expended 
under the supervision of the Jamestown Ter-Centennial Commission, 
composed of the Secretaries of the Treasury, War, and Navy, in 
promotion pf the exposition, and specifically allotted by the acts of 
the Congress above referred to, were placed to the credit of the 
respective Departments for the purposes indicated, as follows: 

Jamestown Ter-Centennial Commission : 

Expenditures of the Jamestown Ter-Centennial Commission $60, 000 

United States Government exhibit, Jamestown Exposition 200, 000 

Policing, comfort stations, etc., Jamestown Island, Virginia 10,000 

Aid to the Jamestown Exposition Company 250, 000 

Aid to the Negro Development and Exposition Company 100, 000 

Under Treasury Department : 

Monument to commemorate the first permanent settlement at 

Jamestown, Va 50, 000 

Buildings, Jamestown Exposition 850,000 

Under Navy Department: 

Entertainment of foreign naval representatives 100, 000 

Po*manent moorings, Jamestown Elxposition 15,000 

Exhibit of monitors, Jamestown Exposition 10, 000 

Under War Department : 

Entertainment of foreign military representatives 25,000 

Piers, Hampton Roads, Virginia 400,000 

Permanent landing pier, Jamestown Island, Virginia 15, 000 



76 REPORT ON THE FINANCES. 

The President issued his proclamation March 29, 1905, inviting 
the nations of the world to participate, and on April 26, 1907, being 
present in person, he formally declared the Jamestown Exposition 
opened. On this occasion there were present many of the Cabinet 
officers, the Diplomatic Corps, many military and naval officials from 
foreign countries, and other distinguished guests. 

The buildings erected comprised five large structures for exhibit 
purposes, including a building for the American Bepublics and 
Mexico's exhibits, club houses for the officers and enlisted men of 
the army and navy, a home and office building for the Jamestown 
Ter-Centennial Commission, and a commodious building for the' 
exhibit made by the negroes of the country. At Jamestown Island 
was erected a handsome granite monument, marking the first place 
of settlement, and suitable rest and comfort stations were provided 
for the use of the public. 

Permanent piers adjacent to the exposition grounds and extending 
into Hampton Roads were constructed as required by the War De- 
partment, permanent moorings provided by the Navy Department, 
a landing pier arranged for at Jamestown Island, and a large mili- 
tary camp and establishment made a part of the exposition immedi- 
ately outside of the grounds. 

At the close of the exposition all Government exhibits were care- 
fully packed and returned to Washington, and such as might be 
utilized, together with other fixtures purchased for exposition pur- 
poses, will be arranged for shipment to the Alaska- Yukon-Pacific 
Exposition at Seattle. 

All buildings erected and the permanent Government pier con- 
structed in Hampton Roads remain in the custodianship of the Sec- 
retary of the Treasury, pending congressional action as to the other 
interests involved in the bill before the Senate looking to the pur- 
chase of the exposition grounds for a naval training and coaling 
station. 

There is attached hereto a statement showing the expenditures 
made as directed by the Jamestown Ter-Centennial Commission. A 
report of the work in detail, with that of the Government Board, 
Negro Development and Exposition Company, and the various de- 
partments, will be transmittted to the President for the information 
of the Congress, as provided by law. 



SECRETARY OF THE TREASURY. 



77 



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78 REPORT ON THE FINANCES. 

DOUBLE-ENTRY SYSTEM OP BOOKKEEPING. 

On July 1, 1907, a double-entry system of bookkeeping, as out- 
lined in a report addressed to the President on January 19, 1907, 
by the Committee on Department Methods, was installed in this De- 
partment, recording the accounts of receipts and disbursements, ap- 
propriations, revenues, expenditures, and statutory acounts, and the 
personal accounts of fiscal officers. Controlling or general accounts 
are provided, which exhibit the aggregates of the detailed accounts 
in the books of original entry, and which insure a balance of all 
accounts. 

The system supplements the methods in existence during past 
years in requiring a record by audits of the transactions of the year, 
so that the accounts may be exhibited on the basis of audited revenues 
and expenditures, and its general features have operated satisfac- 
torily. 

Approximately seven-eighths of the total yearly payments of the 
Government are made through disbursing officers and agents, whose 
accounts of disbursements are subsequently rendered, and which 
under existing law and the practice thereunder require from four to 
six months after the close of each quarter of the fiscal year for the 
preparation, transmission, administrative examination, and audit 
thereof before the results can be entered in the records of the Depart- 
ment. This condition operates to delay to a late period final action 
on the accounts for the last quarter of the year involving a very con- 
siderable part of the year's business.. 

For these reasons it is impracticable to present or publish at this 
time complete statements of audited revenues and expenditures for the 
year 1908, and the statements of receipts and disbursements for the 
last fiscal year are therefore continued on the basis of warrants 
issued. 

DISBURSING OFFICERS. 

A necessity exists for the good of the service and for the relief of 
the disbursing officers of the several executive departments, and of 
the independent bureaus and offices located at the seat of Gk>vem- 
ment, that during their sickness or unavoidable absence, or while on 
their annual leaves of absence, authority be vested by law in some 
clerk in the same office to act in the place of such sick or absent dis- 
bursing officer, and to discharge the duties thereof during such sick- 
ness or absence; the official bond of such disbursing officer to be held 
to cover and apply to the acts of the person appointed to act in his 
place, and the clerk so appointed to be subject to all the liabilities and 
penalties prescribed by law for his official misconduct while he is so 
acting. 



SECRETARY OF THE TREASURY. 79 

I recommend that appropriate legislation to this end be enacted. 
It is not the intent of this recommendation, however, to extend the 
leave of absence now allowed by law to disbursing officers. 

SURETY BONDS. 

The law makes no adequate provision for effective Federal super- 
vision of surety companies authorized under the act of August 18, 
1894, to do business with the United States. A recapitulation of the 
business for the last fiscal year shows that, including customs, inter- 
nal revenue, and contract bonds, 500,000 bonds were required by the 
Government with penalties aggregating $4,000,000,000, and that 
approximately one-fourth of this amount was written by surety 
companies. 

On February 1, 1907, the Secretary of the Treasury limited the 
amount for which any bonding or surety company would be accepted 
on any one bond to 10 per cent of its capital and surplus. This regu- 
lation has been twice revised and ad^opted by all of the executive 
departments and is now in operation. It has been productive of 
beneficial results and should be enacted into law. 

The function performed by the Treasury Department in super- 
vising the advancement of public funds and the auditing and settling 
of accounts has brought under its immediate review practically all 
of the bonding business in which the Government is interested. Bonds 
of all other executive departments submitted to it for this purpose are 
certified by the Treasury Department as to the authorities of the 
executing officers of the surety companies and as to legal sufficiency; 
and the financial and other statements showing the condition of these 
companies are rendered to and passed upon by the Treasury Depart- 
ment, the information thus obtained being made available to the 
other departments. This information, disclosing as it does in a gen- 
eral way the business methods and financial condition of the bonding 
companies, emphasizes the need of further inquiry along these lines. 
This, however, can not effectively be done without the use of a small 
sum, which I recommend be appropriated for the purpose. Five 
thousand dollars will be adequate for the next year and this amount 
will be included in the annual estimates. 

I renew the recommendations contained in my report of last year 
as follows: 

The law should be amended so as to terminate the liability of the 
sureties on a bond as to future transactions after a new bond has been 
executed as required by law for the same class of disbursements. 

The law relating to the liability of the sureties upon the bonds of 
assistant treasurers should also be amended so as to authorize a 
bonded deputy to act in the event of a vacancy by death or otherwise 



80 BEPOBT ON THE FINANCES. 

of an assistant treasurer, or by making the bond of such officer liable 
for the acts of the deputy until the appointment of his successor. 
Only the Treasurer of the United States can now act in case of the 
death of an assistant treasurer. 

The law should also be amended which provides that the estate of 
a deceased customs officer shall be liable for the acts of his deputy 
until the appointment of his successor. It sometimes happens iliat 
such officers have no such estates as would afford the Ghovemment 
adequate protection. The law should specifically make the sureties 
on the bond of the deceased collector liable for the acts of the deputy, 
or the deputy should be separately bonded. 

The law prescribing a form of bond for customs officers should also 
be amended and the adoption of a proper form should be left to the 
Secretary of the Treasury as in the case of most other bonds. Because 
of the fact that the form of these bonds is recited in the law it 
becomes necessary to require, in some cases, six oi: eight separate bonds 
from such officers for the disbursement of funds which might properly 
be assigned to them by the Secretary under one official bond if the 
law authorized the requirement of a bond sufficiently broad in its 
terms to cover such disbursements. 

PRINTING AND BINDING. 

The expenditures for printing and binding for the entire Treasury 
service amounted to $338,790.40, as follows: 

Bureaus, offices, and divisions of the Department 1^216,874.24 

Treasury Service outside of Washington — 

Customs Service $71,365.88 

Internal Revenue Service 24,677.31 

Assistant treasurers 9,075.31 

Public Health and Marine-Hospital Service 4, 208. 28 

Mints and assay offices 4, 188. 24 

Revenue-Cutter Service 2, 604. 17 

Llfe-Saving Service 1, 709. 84 

National-bank depositaries 2, 572. 25 

Custodians of public buildings 1,890.14 

Superintendents of construction of public buildings. 124. 79 

121,916.16 

Total 338, 790. 40 

Close supervision has been exercised over the expenditure of this 
appropriation by the Department committee on printing and publi- 
cation, appointed pursuant to executive order of January 20, 1906, by 
whom all requisitions and copy are scrutinized in the interest of 
economy and with the view of maintaining uniformity in forms, pub- 
lications, and methodst 



SECBETARY OF THE TBEASUBY. 81 

STATIONEBY. 

The cost of the stationery supplied to. the officers of the Department 
during the year amounted to $119,872.49, divided as follows : 

Bureaus, offices, and divisions of the Department $46, 691. 66 

Treasury Services reimbursing the stationery appropriation — 

Custom Service $34,719.08 

Internal Revenue Service 16,399.18 

Assistant treasurers 6, 864. 70 

Bureau of Engraving and Printing 3,027.67 

National Bank Redemption Agency 2,999.40 

Public Health and Marine-Hospital Service 2, 144. 30 

Revenue-Cutter Service 2, 013. 83 

Superintendents of construction of public buildings. 1, 680. 39 

Custodians of public buildings 1,481.32 

Mint and assay offices 1,361.61 

Life-Saving Service 1, 312. 92 

Secret Service ^ 280. 64 

73,180.94 

Total 119, 872. 49 

Of the $46,691.55 expended for the Department proper, $42,132.78, 
or about 90 per cent, was used by the following seven oflSces: 

Office of the Secretary $10,176.04 

Office of the Treasurer of the United States 10,692.37 

Office of the Commissioner of Internal Revenue 6,961.09 

Office of the Comptroller of the Currency 6, 040. 61 

Office of the Auditor for Post-Office Department 4,630.47 

Office of the Auditor for War Department 2,077.91 

Office of the Supervising Architect 1,766.39 

Total - 42, 132. 78 

Of the $34,719.08 worth of stationery furnished to the outside 
customs service, $23,500.71, or about 67 per cent, went to the follow- 
ing seven ports: 

New York $16, 327. 99 

Boston 1, 817. 71 

New Orleans 1, 647. 66 

Philadelphia -_._ 1, 380. 98 

Baltimore 1,376.28 

San Francisco 1,076.92 

Chicago 974.28 

Total 23, 600. 71 

The appropriations made by the Congress of late years for stationery 
supplies have not kept pace with the needs of the service, and in con- 
sequence the Department has been embarrassed by lack of sufficient 
funds. Increased demands for supplies have been felt especially in 
the branches connected with the internal revenue and customs, the 
finances, and the currency. 

68716— Fi 1908 6 



82 REPORT ON THE FINANCES. 

Attention is called to the objectionable method of appropriating 
for stationery for this Department, and to the embarrassment occa- 
sioned thereby. 

The present practice, which has existed for many years, is to appro- 
priate a certain amount ($40,000 being the amount for the present 
fiscal year) for the purchase of stationery for the Department proper 
and its several bureaus, offices, and divisions in Washington ; but in 
order to secure the benefits of the favorable Department contract 
prices, the several outside Treasury services are supplied from this 
appropriation by means of a repay method, by which thirteen differ- 
ent appropriations reimburse the stationery appropriation, to the 
amount (this year) of $73,180.94. This method is cumbersome, dila- 
tory, and expensive, and serves no good purpose. Under this method 
contractors' bills for supplies furnished can not be paid as promptly 
as they ought to be on account of the delay experienced in obtaining 
repay credits. Repay accounts are not approved by the auditor in 
the absence of the receipts of consignees for supplies furnished to 
them, and these receipts, in many instances, are not received for weeks 
after shipment; consequently the fund from which bills are paid is 
but slowly replenished. 

If a lump sum were appropriated for the whole service, as is done 
in the case of the printing and binding, the public business would be 
simplified and improved, and legislation to that end is recommended. 

HALL OF RECORDS. 

Attention is invited to the following letter, recommending that 
provision be made for the erection of a hall of records in this city, 
which recommendation I renew at this time : 

Tbeasubt Department, Office of the Secretabt, 

Washington^ March 7, 1908. 

Sib : The earnest consideration of the Congress is invited to the necessity for 
providing, at the present session, an appropriation for the erection of a haU 
of records in this city in which the uncurrent files of the various ezecntlye de- 
partments and other branches of the Government may be stored. 

This matter has been agitated for many years, and on March 3, 1902, was 
made the subject of a special communication from the Secretary of the Treas- 
ary to the chairman of the Committee on Public Buildings and Gromids 
(Senate Document No. 236), in which the pressing need for such a ballding 
was fully set forth. Since that time, under authority of an act of Oongress 
approved March 3, 1903, square No. 143, situated between Eighteenth and 
Nineteenth and E and F streets NW., has been acquired for a hall of records, 
and title thereto is now vested in the Government. Recommendations have been 
made yearly for an appropriation for a building to be erected on this site, and 
In 1004 tentative plans for such a building were prepared by the Supervising 
Architect of this Department. 

The necessity for some structure of the character described grows constantly. 
An investigation made in 1900 showed that the files then on hand in all tlM 



SECRETARY OF THE TREASURY. 88 

bnildlDgs nnder the control of the Treasury Department in Washington, and in 
space rented exclusively therefor, occupied oyer 1,000,000 cubical feet of space^ 
and that they were accumulating at the rate of 25,000 cubical feet per annum. 

The condition of these uncurrent files is precarious in the extreme. . In many 
instances they occupy space which is frequented by the public and are unpro- 
tected in any way from depredation. Some of them are stored in rented build- \ 
Ings which are not fireproof, and are liable at any moment to be destroyed by 
Are. All of the available space in the differoit buildings under the control of 
this Department is now occupied, as well as two and one-half floors in a large 
storage building for which the Department pays an annual rental of $8,000, and, 
in addition, the Department is compelled to use corridors and other valuable 
space which is badly needed for the transaction of current business. 

While these files are referred to as " uncurrent,** it must be borne in mind that 
reference is made to them almost constantly ; that in most instances they per- 
tain to questions of great importance; that they have been accumulating since 
the organization of the Government, and that their destruction by fire would 
cause almost irreparable injury, confusion, and delay in the transaction of 
the public business. It is therefore absolutely necessary that sufllcient space 
be provided to assemble them in such a manner that they may be of ready 
access. They are now inaccessible for reference, except with great labor, on 
account of insufllcient space, and at the same time are daily exposed to loss, 
decay, and accidents which may at any time destroy them in whole or in part 

While there is no recent data covering the other executive departments and 
governmental establishments, it is believed that similar conditions prevail 
in all. 

In my opinion there are few, if any, public improvements here for which 
there is greater need than for a hall of records, and the matter is presented 
with the earnest hope that action will be taken at this session looking to the 
erection of such a building. 

Respectfully, Geo. B. Oobtelyou, 

Secretary. 

To the Speakeb of the House of Representatives. 

SEPARATE BUILDING FOR AUDITORS. 

The construction of a separate building in the city of Washington 
to accommodate the offices of the various auditors is urgently needed. 
At the present time these offices are located in various buildings 
throughout the city. Not only is this inconvenient in the administra- 
tion of business, but the rents which are paid for quarters for these 
auditors annually amount to a considerable sum. The following is a 
statement of the space occupied by the various auditors and the 
amounts paid for rented quarters : 

The auditors for the Treasury, War, Interior, and (in part) Post-Office De- 
partments are in buildings owned by the GovemmeDt. 

The auditors for the Navy, State and Other Departments, and Post-Offlce (in 
part) are now in rented quarters. 

The Auditor for the Treasury Department occupies 20,719 square feet. 

The Auditor for the War Department occupies 83,721 square feet, of wliich 
amount 13,545 square feet are in rented quarters at a cost of $2,500 per annum. 

The Auditor for the Post-Offlce Department occupies 95,407 square feet, of 
which 20,773 square feet is in rented quarters, at a cost of approximately 
|S,000 per ann^m, 



84 REPOBT ON THE FINANCES. 

The Auditor for the State and Other Departments is entirely in rented 
qnarters, and occupies 15,000 square feet, at a cost of $8,500 per annum. 

The Auditor for the Navy Department occupies 15,120 square feet, in rented 
quarters at a cost of $11,080 per annum. 

Quarters for the Auditor for the Interior Department, comprising 41,246 
square feet, at a cost of approximately $15,250 per annum, are now undo: con- 
sideration. 

In addition, a portion of a building on E street is rented for storage purposes, 
at an annual cost of $8,000. 

It will be seen that approximately 106,000 square feet is rented at 
an annual cost of $49,230. In addition, the space occupied by the 
auditors in Government buildings could be better used for the accom- 
modation of other bureaus and offices. For example, the quarters 
now assigned to the Auditor for the Treasury Department, if vacated 
by him, could be used to accommodate the life-Saving Service and 
the Public Health and Marine-Hospital Service, both of which in the 
interests of good administration should be located in the main Treas- 
ury building. The Life-Saving Service pays annually $5,136 for 
quarters. 

It is estimated that by the construction of an adequate building for 
auditors' offices approximately $60,000 could be saved annually in 
rent, in addition to facilitating very greatly the administration of 
public business and affording additional space for a number of 
bureaus that at the present time are unduly cramped. 

A building to accommodate the various auditors and to allow for a 
reasonable increase should contain 7,500,000 cubic feet and would cost 
approximately $3,750,000, exclusive of site. 

REDUCING UNNECESSARY MOVEMENTS OF GOLD. 

The advantage of reducing to a minimum the transfer of gold be- 
tween the financial centers of the world has been often discussed, but 
has not yet been the subject of official action. Economy in such trans- 
fers has come about automatically from time to time by the extension 
of the system of bills of exchange and of the use of international 
credits. Distrust of these resources in times of crisis — ^the very 
moment at which they are most needed — invokes the demand for 
physical gold. Even under ordinary conditions, the interval between 
the outward crop movement from this country and the payment for 
foreign merchandise imported in the spring is often marked by ship- 
ments of gold in both directions, which the mechanism of interna- 
tional exchange has not yet found the means of entirely avoiding. 

The movement of gold was exceptionally large last autumn and 
spring because of the disturbance to credit which so seriously affected 
not only the American market but the markets of other countries. 
The three months of November and December, 1907, and January, 
1008, witnessed imports of gold into the United States to the amount 
of $118,822,870. On the other hand, the three months of April, May, 



SECRETARY OP THE TREASURY. 85 

and June, 1908, witnessed exports of gold from the United States 
to the amount of $49,658,972. For the twelve months ending October 
81, 1908, total imports of gold were $150,234,064, and total exports 
were $72,509,564. The excess of imports stood at $77,724,500, as 
against an excess of exports for the twelve months ending October 
81, 1907, of $5,513,526. 

It would seem that means might be devised to diminish the transfer 
of physical gold under these conditions. That credits or loans of 
gold might be extended more generously than at present by one nation 
to another in times of stress was proposed soon after the crisis of a 
year ago. It has been suggested that an international conference be 
called of representatives of the ministries of finance and of the great 
state banks with a view to more prompt and effective cooperation 
in emergencies. It is not proposed here to enter upon a general dis- 
cussion of this subject, but if such a conference should be held, there 
might well be included in the list of topics to be considered the crea- 
tion of an international gold certificate, which would represent for 
all practical purposes the transfer of gold coin or bullion without the 
necessity of transferring the metal itself. 

Such an arrangement would require international sanction, either 
by an agreement among the leading banks of the world to issue a 
transferable international certificate upon a certain amount of gold 
coin, definitely set aside for the purpose, or an agreement through 
diplomatic channels among the several governments to some similar 
arrangement under official control. 

In the present advanced state of public faith and of financial r^ 
sponsibility there is apparently no serious obstacle to reaching such 
an agreement if measures are once set on foot by those capable of 
carrying it out. The issue of such international certificates, payable 
on demand, like the gold certificate of the United States, would not 
prevent the transfer of the physical gold when desired. The certifi- 
cates might be redeemable in all countries which were parties to the 
agreement, without regard to the country in which they were issued, 
and it might be left to those in charge of the gold funds to determine 
from time to time whether physical transfers of gold were required. 
Actual transfer might be advisable where there was reason to believe 
that the movement was more or less permanent in character, but it 
would seem that such transfers might be reduced to the minimum 
where it seemed probable that the metal would be recalled by the 
normal movement of trade within the space of a few months. It is 
suggested that the Secretary of the Treasury might be authorized to 
receive hospitably any suggestion on this subject from abroad and 
to appoint through the proper channels delegates on behalf of the 
United States to any conference which might be assembled having the 
subject within the scope of its deliberations. 



"%, 



.„jr..«. .^N ^^-^ FINANCES. 

;^ «|p|l^U4r^;^^ or thb budget. 



*y tm^x^> ''• i«*P«^'*rtance with the growth of the 

V .;.:o>i:^'" "^'^ af] jiciw**!!"*:*! adjustment of disbursements to 

-/ V . *i. » ^ ^^^^ ^^ini^ifirtixion of both receipts and disburse- 

,-r.t c^^h"'^ ^^ ^ ^^ fiioxlitate such an adjustment. The rapid 

" - > " "ipfs HpJ net disbursements at intervals of ten 

'^ ^e<t point after the civil war is indicated by the 

.. ^ ' ^'^^ 

Yi*. Net receipt.. ^'"^^"^ 

t257,4«,776 9m,9bi,taa 

379.366,075 259.658,99 

405.321.335 443,366,581 

v:55^ 601,126,116 659,196^319 

V ■ 

oT the puWi^* ^^^^^ is excluded, the growth in ordinary 

■'^* * 4^ v\^vry*us ou the Grovemment, including payments 

N-T'^'^^'^anii n^^nv public works, was from $135,000,000 in 1878 

'■" -*^^^^ivV^ ^^ ^•^^*^' ^^^ "" increase in a generation of nearly 400 

- . ^^ *^ ^j. yi^Ni iiiionded horo to enter upon any criticisms of detail, 

^^-cert-^ .^.^ ^\y^s Ivuotits which have resulted from these expendi- 

jjortoni ik^jdi^ ooiufort, and security of our people: but it is 

tiirf^^^ ^^^^^^ ^yx\{ that tho distribution of such immense sums 

^*?^^h- tJix***^*" should bo subjtvtod to scrutiny, classification, and 

rai^. ' ■ ^^ iHio present mot hod of dealing with the subject is 

T k«r <^^ iN^laii^^us of iho ditToivnt bi-anches of our Government 

, \ »M^**< **'"">' **** eoutrol bv I ho oxovnitive department over the 

*yi^n«^' ^**"^ imulo by tho (\u»«;ivss (oxvvpt by veto of the Presi- 

^^^ ) ikW^^ '*** *'oiiln>l hy tho Tivasuvy or any other branch of the 

^" iii^^iM** ii\or Iho umounC of iho osiimatos submitted by the 

k^n*^ ,\%oinh\o dopiiitiuouis lo iho CoujnviSs The Secretary of 

^ ^\^(«ui'.v i»^ ^iviMi iiiithi>ri(y to transmit to the Congress estimates 

vT y^^^kiuio iiiul o\|ioiiilihtro, but lio is not auihoiizovl by existing law 

\4M ^v^l»»*" *'**'''" fhiiimiloN to oonfonn lo tho nvoipis* Xor is any 

jLgli) r.(MiiiiiHlro «if iho i\Mi^nvoi oIku'^hI with the comparison and 

^^^llualiiih iif ihi» ii|«|ir*»pniil!ous for ^lilToivm bnmohes of the pub- 

^MtMi«(' Hi iiiilni lo (hMiitiuio oquiiably any ivduotions or increases 

Vbl^lrJl i(*'M bii waiiuiilo^l b\ tho slato of tho ivvouuo. 

|Vtiiiii ihi.i |iiiiiil ttf MOW tho .vib^vi w a btvavl oiio and one with 

M^lllili 11 1" iMil |iii-.'>iblo liM- ii -.lu^U^ IVpariiuoni to deal without the 

^iii|M.i III lull til lit ho I 1 V|tiiiiiiioikt*> Iho Sivtvi:iry of the Treasury, 

Lioi in iitiii)iti.i li\ \i\\\ .1 lol-Ukon t\»\\:ir\l (!vo \.V:is;iv>s which in 

iiiit) ii..i)tt.t 1.. 1.. itno nt luoiv tb)v«'( ivpor.^-vb'.lay ih:iu that of the 

'"'^ mI* nihil hi'|>.iiiiiioiii ■ It V. s\\w\i\\\\\ h\ statutes which have 

l'i})iftiloil ihitt tho rTiiot.ik\ 1*1 iho livasury *' shall make re- 



SECRETARY OF THE TREASURY. 87 

port, and give information to either branch of the legislature in person 
or in writing, as may be required, respecting all matters referred to 
him by the Senate or House of Representatives, or which shall ap- 
pertain to his oflBce." 

It would perhaps be competent for the Congress to vest in a joint 
committee the power of revising the appropriation bills, with a view 
to distributing reductions and increases in an equitable manner and 
with a view also to the relative importance of the objects for which 
appropriations were sought. It would seem that such a committee 
on budget revision should be charged with the responsibility of keep- 
ing the expenditures of each year approximately within the revenue 
of the year, or, if this could not be done without crippling branches 
of the public service, that it should authorize the issue of a proper 
amount of short-term obligations to bridge over the deficit of lean 
years. By such a committee needless and wasteful expenditure might 
be checked and the amounts saved diverted to more necessary or more 
beneficial purposes. 

Whatever may be found practicable in regard to the larger question 
of control of the budget, something will be accomplished in promoting 
scrutiny of expenditures by a proper classification of sources of reve- 
nue and objects of expenditure. It is the intention of this Depart- 
ment to make modifications in the present form of Treasury 
statements as soon as the merits of such changes can be carefully 
weighed. The present form of daily statements is in several re- 
spects misleading. It makes no separation between expenditures for 
the ordinary service of the Government and those for permanent 
public works, like river and harbor improvements, public buildings, 
and the Panama Canal. In many foreign budgets, expenditures for 
permanent improvements are provided for by the issue of bonds, and 
are stated in a separate account from expenditures for the mainte- 
nance of the ordinary service of the Government. 

Putting our budget on this basis for the past fiscal year, for pur- 
poses of illustration, the account would stand as follows : 

Fiscal Teab ending June 30, 1908. 
Net ordinary receipts and dishuraementa. 

Receipts $601,126,118.63 

Disbursements 570,477,838.81 

Surplus of receipts. 30,648,279.72 

Extraordinary receipts and diahu raementa. 
Receipts : 

Sale of Panama bonds $24,631,980.00 

Sale of Treasury certlflcates 15,436,500.00 

From premiums 735,788.67 

Total 40, 804, 268. 67 



88 REPORT ON THE PINANCES. 

Disbursements : 

For Panama Canal $38, OOS, 426. 20 

For public buildings under Treasury Department 9,d41«864.66 

For Reclamation Service 11,126,042.02 

For rivers and harbors 30,157,1640.01 

For reduction of the public debt 34,366,750.00 

Total 128,076,280.87 

Whether or not all items which involve permanent capital improve- 
ments should be placed in a separate account may be open to question. 
It may be proper in some cases to charge them to current revenue; 
but there can be no question that when bonds are actually sold by the 
Government to meet the cost of an important public work, like the 
Panama Canal, such expenditures should be placed in a separate ac- 
count or the proceeds of the bonds sold should be included in the 
receipts. 

Under the present form of making up the daily Treasury statanent 
the proceeds of bonds sold are not counted in the receipts, but all the 
money which is paid out for the purpose for which the bonds are 
issued is included in expenditures; thus expenditures for the Panama 
Canal and other public works appear mixed with expenditures for 
maintenance of the public service. From this cause arose the large 
apparent deficit for the last fiscal year, which was stated at 
$68,070,201. Of total expenditures, however, the sum of $88,718,481 
was expended on public works, including $38,000,000 on the Panama 
Canal and $30,000,000 on rivers and harbors. Had these items been 
carried to a separate account as extraordinary expenditures and their 
cost met by the sale of bonds there would have been a surplus of cur- 
rent receipts amounting to over $30,000,000, as shown above. 

There are other items, like payments of lawful money for the 
redemption of bank notes, under the provisions of the act of July 14, 
1890, which introduce confusion into the exhibit which the Treasoiy 
balance sheet should make of the difference between current income 
and expenditure for the maintenance of the public service. 

It is commended to the serious consideration of the CongroBS 
whether a careful study should not be made of the entire subject of 
the budget, with a view not to niggardly economies, but to applying 
the money of the taxpayers in the most efficient and beneficial manner 
to those objects of expenditure which are most desirable. 

ECONOMIES IK ADMINISTRATION. 

There have been, imder many administrations, excessive expendi- 
tures, due to one cause or another. The time may come when a ses- 
sion of the Congress will be given over largely to the consideration 
of ways and means to reduce the operating expenses of the Gtovem- 
ment, and if it does come, and patriotic and discriminating judgment 



TABLES ACCOMPANYING THE REPORT ON THE FINANCES. 



91 



90 REPORT ON THE FINANCES. 

The recent currency measure has served a useful purpose and will 
be available until the recommendations of the commission can be con- 
sidered and acted upon. But we have had unfortunate experiences 
in our past financial disturbances, and though their recurrence may at 
this time appear to be a thing of the distant future, we should not be . 
satisfied with what is essentially a temporary measure, however satis- 
factory it may be as such. 

With the likelihood of an early return of the more prosperous con- 
ditions which have obtained up to within the past twelvemonth, 
encouraging renewed activity in all fields of enterprise, we should be 
still further fortified by wisely considered, comprehensive, and 
thoroughgoing currency legislation, which shall not only meet the 
normal needs of all sections of the country and all classes of our popu- 
lation, as well as facilitate our foreign exchanges, but which shall 
promptly and adequately respond to those extraordinary demands 
which manifest themselves at such seasons as the crop-moving 
periods, and at the same time be effective in sudden crises, which no 
financial system, however strong, can wholly avert. 

Geo. B. CJortelyou, 
Secretary of the Treasury. 

To the Speaker of the House of Representatives. 



TABLES ACCOMPANYING THE REPORT ON THE FINANCES. 



91 



SECBEXABY OF THE TBEASUKY. 



98 



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SECRETARY OF THE TREASURY. 



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SECRETARY OF THE TREASURY. 



101 



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BEPORT OX THE FINANCES. 



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102.81A,4OO.OO 




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SECRETARY OF THE TREASURY. 



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SECRETARY OF THE TREASURY. 



106 



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SECBETABY OF THE TBEASUBY. 



107 



Table B. — Statement of the Outotandino Principal op the Public Debt op 
THE United States on the Isr op January op each Year prom 1791 to 
1843, inclusive, and on the 1st of July of each Year from 1843 to 1908, 
inclusive. 



Smn. 



1J791 . 

17»3. 
17»4. 

1796, 
WW- 

laoe. 



ism . 
mm, 

1810, 
Lftll. 
1812. 

l§lfl. 
tsu. 

1S1«. 
UtT. 
IBIS, 
1819. 

urn. 



ISM, 



issr.. 

1828,, 

i£3g.. 

1S90.. 
1B81.. 
1833,, 

issa.. 

ISM,. 

18SS.. 
1187.. 

1839.. 

IMl.. 

lSi2., 



77^227, 

7a 4^7, 
»0.?47, 

7&,a2R, 

tsa.7i- 

77, t>^^ 

75,?ia. 

67,023. 
45,209. 

108,4«fi. 
96,iK!9. 

mf?7n. 

73. y^: 
67,4: 

7,001, 



336, 
3,308, 
10,434, 
3,573, 
5,250, 
13,594, 
20,201 



476.52 
924.66 
KM. 04 
401.77 
5»:.39 
172.07 
479.33 

669,77 

(JTiO.SO 

* -r." 25 
.. 40 
;-'i.88 
i;«i.50 
1^70.66 
3V^,64 
317,97 
lyj,09 
217.52 
5*7,76 
737.90 
1^27,57 
'^^r. 24 

■ ■ 15 ; 

.■ .. 74 

yo6,l6 ! 

633,83 
WS.28 
566. 15 
427.66 I 
676.98 ; 
877.28 I 
777.77 
432.71 ! 

^99 ; 

■'20 
043.87 i 
■ii,k67 I 
4(W.50 I 
t91,t« ' 
'^'"KlH 
fiaH.83 
P«'2 08 
- 05 
05 
957.83 
124.07 
221. 14 
343. 82 
875. 54 
480.73 
226. 27 



July 1,1843. 
1844. 
1846. 
1846. 
1847. 
1848. 
1M9. 
I860., 
1861. 
1862.. 
1853. 
1854, 
1856.. 
1856. 
1857. 
1858. 
1869. 
1860. 
1861. 
1862.. 
1863. 
1864. 
1866. 
1866.. 
1867., 



1870. 
1871. 
1872. 
1873. 
1874., 
1876. 
1876. 
1877. 
1878. 
1879. 
1880. 
1881. 
1882. 
1883., 
18»4., 
1H85.. 
1886., 
1887.. 
1888. 
1889. 
1890. 
1891 . , 
1892.. 
1893. 
1891.. 
181*5.. 
1896. . 
1897.. 
1898.. 
189'J.. 
1900.. 
1901.. 
1902.. 
190:^.. 
l'.K)4.. 
190'). . 
1906.. 
1907.. 
1908.. 



l&> 

15, 
3ft, 
47, 
£3, 
63, 
68, 
66, 
59, 

35, 
31, 
28, 
44, 

a-i 

90, 

W4, 

1.U9, 

J,BI5, 

2v773, 

2.ti7J?l, 
2,ft]t, 
2,e*SH, 
2,480, 
2,SS3, 
2,253, 

rti232, 
rta.206. 

"::,0(>9, 

i, I , HXl , 

al,v- 

^1, 

ftl, 

M,688, 

M,705, 

M,6W, 

M,585, 

'' 1 , 5(K), 

'' 1 , 628. 

'» 1 . 59S, 

t>\ WW, 

/>l.G98, 

''1,778, 

''1,811, 

M,798, 

/' 1 , 984, 

''2,101, 

''2,091, 

^2.111, 

<'2. 162, 

C2.226, 

''2,235, 

'■2,289, 

<*2,376, 

c2,5SC>, 



742,932.00 
4til.652.60 
92ft. 303. 01 
5Sa.aK.il7 
82fl,6»4.77 
0«.M2.2S 

452.773.65 
304,796.03 
1SW,S41.71 
atl3. 117,70 
242, 223. 42 
586,966.50 
972.5S7.B0 
*S9«,«S1.^ 
911,881.03 
4pd, Hg7, 88 

580, HT6. 72 
17ii. 412.13 
772 J 3«. 63 
7*^,370.67 

647,aey.74 

235.irj.C9 
I'M, 103. B7 
687,1*51.19 
462, 213. M 
672,427.81 
21I,3i?2.3a 
251.SES.7B 
4H2,993,20 
6W.4«8.43 
:^4,53L9& 
896,067.16 
301,392.10 
2t»f*, 89-2.63 
667.482.04 
415.370.63 
at;!, 669. 68 
312,994.08 
171,728.07 
■ 923.67 
275.14 
205.78 
229,591.63 
992,320.68 
673,340.23 
821,018.73 
472,784.61 
810,151.63 
111,156.13 
757,127.68 
67t», 661 . 26 
4:^4,491.40 
435,708.90 
066,921.90 
766,107.92 
445,225.67 
481,966.89 
664,973.89 
639,009.89 
571,647.14 
503,699.84 
919,134.04 
602.498.54 
704,772.64 



oJn the amouut here stated a.s the outstandinj< principal of the public debt are included the certifi- 
cates of deposit outstanding on the 30th of June. isHued under act of June 8, 1872, for which a like 
amount in United States notes was on 8pe<;ial depo?«it in the Treasury for their redemption and added 
to the cash balance in the Trea.sury. These certificates, a.s a matter of accounts, are treated an a part 
of the public debt, but being ofl.set by note.«» held on deposit for their redemption, should properly be 
deducted from the principal of the public debt in making comparison with former years. 

*Excla«»lve of ^old. silver, currency certificates, and Treasury notes of 1890 held In the Treasurer's 
cash, and including outstanding bonds issued to the .several Pacific railroads. 

Exclusive of gold and sliver certificates and Treasury notes of 1890 held in the Treasurer's cash. 



108 



REPORT OS THE FIXANCES. 



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if 



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SECRETARY OF THE TREASURY. 



109 



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110 



BEPOBT ON THE FINANCES. 



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SECBETABY OF THE TBEASUBY. 



Ill 









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112 



REPORT ON THE FINANCES. 



Table D. — Statbmbmt of the Issue and Redemption of Loans and Treasubt 
Notes (by wabrants) for the Fiscal Year ended June 30, 1908. 



Issues. 



Redemptions. 



Excess of 
issaes. 



Excenof 
redemptions. 



Leg&l-tender notes, acts of Feb. 25 

and July 11, 1862, Jan. 7 and Mar. 3, 

1863, and Mar. 14, 1900 

Fractional currency, acts of July 17, 

1862, Mar. 8. 1863, and June 30, 1864. . 
Gold certificates, acts of Mar. 8, 1863, 

July 12, 1882, and Mar. 14, 1900 

One-year notes of 1868, act of Mar. 8, 

1863 

Compound-interest notes, acts of Mar. 

8, 1863, and June 80, 1864 

Ten-forties of 1864, act of Mar. 3, 1864. . 
Five-twenties of June, 1864, act of 

June 30, 1864 

Consols of 1865. act of Mar. 8, 1865 

Consols of 1868, act of Mar. 8, 1865 

Silver certificates, acts of Feb. 28, 1878, 

and Mar. 14, 1900 

Refunding certificates, act of Feb. 26, 

1879 

Funded loan of 1881, acts of July 14, 

1870, Jan. 20. 1871, and Jan. 14, 1875. . . 
National-bank note account, act of 

July 14, 1890... 

Treasury notes of 1890, acts of July 14, 

1890, and Mar. 14. 1900 

Funded loan of 1891, acts of July 14, 

1870, Jan. 21, 1871, and Jan. 14. 1875.. 
Loan of 1904, acts of Jan. 14, 1875, and 

Mar. 14, 1900 

Fimded loan of 1907. acts of July 14, 

1870, Jan. 20, 1871, Jan. 14, 1875, and 

Mar. 14, 1900 

Panama Canal loan, acts June 28, 1902, 

and Dec. 21, 1905 

Certificates of indebtednew 



^23,610,000.00 



$128,610,000.00 I 



878,360,000.00 



302,856,000.00 



64,333,136.50 



Total. 



Bxcess of issues 

Bxceasof redemptions. 



286,821,000.00 

80.00 

40.00 
100.00 

1,000.00 

18,000.00 

50.00 

303,788.000.00 


$141,589,000.00 















4,350.00 




100.00 




39,535,156.50 
1,006,000.00 


24,797,980.00 


2, 100. 00 




24,200.00 
38.060.600.00 







11,180.00 



30.00 

40.00 
100.00 

1,000.00 

18,000.00 

50.00 

1,427,000.00 

4,860.00 

100.00 



24,631.980.00 : 
15,436,500.00 ' 



1,250,000.00 



1,006,000.00 
2,100.00 
24,20a00 

83,060,000.00 



24,631,980.00 
14.186,600.00 j 



908, 727, 616. 50 739, 111, 906. 50 205, 155, 460. 00 85, 689, 750. 00 



:r 



205,156,460.00 
85,689,750.00 



Net excess of issues credited in ' | 

receipt and disbursement ac- j 
count , 169.616.710.00 

III- 



SECRETARY OF THE TREASURY. 



118 



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SECRETARY OF THE TREASURY. 



123 



Table G. — Population, Net Rbceii»T8 and Net Dwbuiwementb ok the Govern- 
ment FROM 18:57 TO 1908, Exclusive of Postal, ani> Per Capita of the Receipts 
AND Per Capita of Dibbursements. 



Yt»f. 






IMO 

IMl. ,,„.-... 

1«2.. 

1«44 ,.* 

jmb 

ISIA 

iW7. 

1016* 

1M9 

18W.. 

1S51 

lisa ..,.„.. 

IBfiS 

IBM,, ..*..,. 

IR54 

1856... ,. 

I«&7 *,. 

law....,..., 

18M.„... 



IMl. 
1861. 

1881, 
lBe&. 



1807.. 
1888. 

ia9». 

18TO. 

isn. 

]f72. 
1873.. 
1874.. 
1875. 
1B78.. 
1877. 
1«78. 
WI9^. 

ISBS. 
1884.. 

i88e.. 

1888.. 
1887,, 
1888.. 
1889. 
1800.. 
1801.. 



1»9». 

1901. 

ims.. 

1«M-. 
1906.. 
IWNI. 
lMf7.. 
1908.. 



F^puUUiiti. ; Nut reralptii. 



Ifi.figa.DOO 

le.tuou) 

I6,5^p000 
17,069,4f^ 
17,591,000 
18,1^2,000 
IS,6»4,000 
19,276,000 
19,e7S,U00 
'A.'bOOpUOO 

2i,iia,ooo 

21,@O&,000 
22,4^9,000 

2aa«»87e 

29,996i,0DO 
24.802,000 
25,615,000 
2tiH33,0D0 
27,256,000 
28*089,000 
2S, 916, 000 
29*763,000 
S0,&06.000 
31,443,521 
32,064,000 
32.704,000 
33, 365.000 

^4,748.000 
95,464,001) 
!!fi,2ll,00rt 
Sfi, 973,000 
37,7^6,000 
8»,ft'i8,371 
!I9,5&5,000 
40.5i*6,0WJ 
41,ti77,00O 
42,798,000 
43,951,000 
4S, 137, 000 
46,»i^,000 
47,54*8,000 
4A, 866,000 
60.1f«,7«3 
51,316,000 
5a. 495, 000 

5a,o9;i,ooo 

51,911,000 
5a,HH.O00 
57.401,000 
5S, 680,000 
.S3, 974,000 
6t,2Hy 000 
62,622,250 
fi%W7jiOO 
rAjyl.OOO 
I rfi, -t^t^ 000 
67,740,000 
e9,Ol3.(J0O 
7U,3<i5H000 
7L,701JJOO 
?J,0«0,000 
71,433^100 
7t),3-\±30 

n,7:i4.ooo 

70,117,000 
hO,«47.000 

^.2RIh000 

iM.6ei,o<JO 
Si;, 07 J, 000 

*7,4S6,fJU0 



|ai,954,l£a.0D 

^,303,562.00 

91,4a2,7GO,00 

19,480,11.^.00 

16,860,160.00 

14, 976, 167. 00 

1^,302,702.00 

29,321,374.00 

29,^70,106.00 

2S, 699, 968. 00 

26,4^,769.00 

35,73ii,779.00 

31,20^,143.00 

43,809,499.00 

52,559,a04.00 

49,846,81t}.00 

61,537,054.00 

73, 80W> 341.00 

65,350,575.00 

74,Q&6,890.00 

66,965,313.00 

46,665,366.00 

53,486,466.00 

56,064,60t».00 

41,509,930.00 

51, 91?7, 455. 00 

112,697.291.00 

2ti4, 626, 7TI UO 

aiS, 71 4,605.00 

&5N, 0^2,620.1)0 

490,634,010.00 

405,038,083.00 

370,943,747.00 

41t,'JS55,47a.lK) 

383,323,915.00 

374,10tt,e6e,00 

933,738,3O5u0U 

3O4.B78*765.O0 

288,000,051, OO 

2!^,0»5,S«i,'iJ)0 

2Hl,4O6,4iaO0 

2.17,763.^79.00 

273,(t7,lS4.00 

333, 5:26, 61 1.00 

9Ga,7K2,:a^,00 

403,625.250.00 

398,287,582.00 

34^B19,M70.00 

3A 690,706. 00 

336,439,727.00 

371.40:i.277.W 

379, 266, 07,'^. 00 

387,0ftO,tr^.0O 

J03, 080, 4182. 00 

Jm, 612,447.1^1 

aw. 9517, 78-1. 24 

3H5.8UJ,«i&i.TH 

297,722,019,23 

3Kt.30O,O7,Vll 

326,976,200.38 

347,721,70^.16 

40&,, 321,330,20 

fili\9eKJ,fi20.1H 

567, 240. 851, hiJ 

5s7,a*^>,337.5;l 

Wrj, 478,^33. 21 

&a>,3U6,674.40 

WO, 631, 749. 40 

W4,271,684.«5 

Em.454,12i.ti7 

663,140.431.6.1 

6UI,12<J,11H.:<J 



l\;r e*tp- 

iLKLOIl 






I Pur i*iip{t& 

on 

dtubunie- 

ments. 



51.59 
1.63 
L^ 
1.14 
.S6 
LIO 
.89 
1. 62 
1.61 
1.45 
1.2& 
1.64 
L39 
LSU 
2.19 
2,01 
2.40 
2.79 
2.40 
2.64 
2.33 
1.57 
1.75 
1.73 
1.29 
1,59 
3.3W 
7.77 
9.60 
16.7:* 
[3.55 
10,97 
9.82 
10.67 
9.G9 
9.2'^ 
8.01 
7.19 
6.55 
6.52 
6.07 
5.42 
5,00 I 
6.65 : 
7,00 
7.68 
7,41 
6.36 
5.7t5 

b,m 

6.33 
6.32 
6.91 
0.43 
6.14 
5.44 
.'j.^l 
4. 46 
4.61 
4.6-5 

4. Ki 

5, ?h5 
6.93 
l^U 
7.56 
7.11 
6.Ki 
6.150 
ilM 
JArl 
7. 7(J 
G.H7 



S37,249,496.00 

33, St^"), 059. 00 

26,tS9'AlJ»,00 

24,317,579.00 

26,565,873.00 

2)5,206,761.00 

lJ.is58,075.0O 

22,337,571.00 

n 437,40?*, 00 

27,76e,92&.00 

57, "^SJ, 41100 

45.H77,.£:5.00 

45,(151,667.00 

39, M3, 492,00 

47,7O9,0t7,0U 

44,191,919.0(1 

-W,ia4J(L0U 

58, OH, 862. 00 

59,742,6*^.00 

69.671, 02fJ. 00 

67, 795, 70H, 00 

74,185,270.00 

fii>,U7n,977.00 

63, 1 30,69^.00 

66, 646, r>l5, 00 

474,761,819.00 

714,740,725.00 

B<>.^3i2,614.00 

1, 2^7,665, ^J24. 00 

5JO,«09,417.00 

357,542,675.00 

377.310,23.1.00 

322, 8f.5. 27^. 00 

309,6^13,561.00 

2112,177,188.00 

277,517,963.00 

290.345,245.00 

902,633,873.00 

274,«23,893.00 

2ii%101,OH.Y0O 

2I1,3^.47.'V.00 

2;W,9GJ,327.00 

260.947,884.00 

2ti7,ft»2,958,00 

2<JO.712.«Si0O 

'257,981,440.00 

2i]6.4fla,13S.O0 

244, m, 244. 00 

260,226,93-1.00 

1M2, 48:1, 188. 00 

267,9^(2,179.00 

'(267,924,801,00 

&29fJ,iaH,«(78,00 

<J31M. 010,710.00 

'*36>.773.905.,T5 

34,5.0j:i,3i»>.5** 

3«3.477.U.51.49 

3(17,525,27!*, 83 

356, I95,29«.29 

:yV2,179,446.0H 

365,774,159.57 

4»3,3<iH^582.J<> 

605,072,179.85 

4^7,713.791.71 

509, %7, 353. 16 

47J,190,*<>7.f4 

5fK>,099,007.01 

.^ii?i2.402.32J.3t 

f-f^7,27H,9IS.45 

.'iftK,7N4,799.O0 

67^90^^,747.75 

659.196.319.63 



12,98 

2.10 
1.62 
1.42 
1.51 
1.99 
1.27 
1.16 
1,15 
1.35 
2.71 
2.06 
2.00 
1.71 
t.93 
1.79 
1.88 
2.20 
2.19 
2,4S 
1L34 
2.49 
2.26 
2.01 
2.08 
14.52 
2t.4:^ 
25.42 
37.34 
I4,6fl 
9.i47 
lU, 21 
«.65 
«hU3 
7.39 
6.«4 
6,87 
7,07 
6.2.5 
5,S7 
5.21 
4.DW 
5,4r. 
b.U 
.5,li« 
4.91 
4.94 
4.44 
4.6.^ 
4.2:? 
4. 00 
4.46 
4.M 
S.07 
5.72 
5.29 
5,77 
,5.43 
5,16 
6.01 
5.16 
6. iff 
*i.l4 
6.39 
it, fiO 
5.96 
6.26 
7.11 
6. HI 
6.71 
6.73 
7.ri3 



a This includes $8,270,842.46 of " premiums on purchase of iKinds." 
bThis includes 817,292,362.65 of "premiums on purchase of bonds." 
cThis Includes 820,304,224.06 of " premiums on purchase of b<nids." 
dThis includes $10,401,220.61 of "premiums on purchase of bonds." 

Note. — The net receipts and disbursements and per capita on receipts for 1891 were erroneously 
■tated by the Register of the Treasury in his reports for 1891, 1892, and 1893. (See Finance Reports for 
""— T yean, w>. 846, 767, and 906.) 



124 



REPORT ON THE FINANCES. 



Table H. — Internal and Customs Receipts and Expenses op Collecting, from 

1858 TO 1908. 



Year ended 
June 80— 



Internal revenue. 



Receiptfl.a Expenses of collecting.^ 



I 



1858. 
1859. 
1860. 
1861. 
1862. 
1863. 
1864. 
1865. 
1866. 
1867. 



1870. 
1871. 
1872. 
1873. 
1874. 
1875. 
1876. 
1877- 
1878. 
1879. 
1880. 
1881. 
1882. 
1883. 
1884. 
1885. 
1886. 
1887. 



1889 

1890 

1891 

1892 

1893 

1894 

1895 

1896 

1897 

1898 



1900... 
1901... 
1902... 
1903... 
1904... 
1905... 
1906... 
1907 .. . 
1908... 



Dollars. 

>li 

37,640/787.95 
109,741,134.10 
209,461,215.25 
309,226,813.42 
266,027,537.43 
191,087,589.41 
158,356,460.86 
184,899,756.49 
143,098,153.63 
130,642,177.72 
113,7-29,314.14 
102,409,784.90 
110,007,493.58 
116,700,732.03 
118,630,407.83 
110,581,624.74 
113,561,610.58 
124,009,373.92 
135,264,385.51 
146,497,595.45 
144,720,368.98 
121,586,072.51 
112,498,725.54 
116,805,936.48 
118,823,391.22 
124,296,871.98 
130,881,513.92 
142,606,705.81 
145,686,249.44 
153,971,072.57 
161,027,6-23.93 
147,111,232.81 
113, 4-21, 672. 02 
146,76-2,864.74 
146,688,574.29 
170,900,641.49 
273,4:^7,161.51 
295,327,926.76 
307,180.663.77 
271, HHO, 12-2. 10 
230,810,1-24.17 
232,904.119.45 
234,095,740.85 
249,150,-212.91 
269,666,772.85 
251,711,126.70 



DoUars. 



ouar 



108,685.00 
253,372.99 
385,239.52 
5,783,128.77 
7.335,029.81 
8,705,366.36 
7,267,176.11 
7,253,439.81 
7,593,714.17 
5,694,116.86 
5,340,230.00 
4,509,976.05 
4,289,442.71 
3,942,613.72 
3,556,943.85 
3,280,162.22 
3,527,956.66 
3,657,105.10 
4,327,793.24 
4,097,241.34 
4,424,707.39 
4,216,a47.26 
3,853,035.94 
3,578,679.42 
3,826,507.98 
3,6-26,038.91 
3,770,388.72 
3,780,950.41 
4,003.485.65 
3, 879; 08-2. 31 
4,144,927.02 
3,749,029.22 
3,754,935.45 
3,846,887.55 
3, 606, 798. a5 
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 
4,891,660.65 
4,641,169.95 
4,650,049.89 



Perc^. 

\v 

.29 
.23 
.18 
1.87 
2.77 
4.55 
4.59 
3.92 
5.30 
4.36 
4.69 
4.40 
3.89 
8.38 
2.99 
2.96 
3.10 
2.95 
3.20 
2.80 
3.06 
3.47 
3.42 
3.06 
3.22 
2.92 
2.88 
2.65 
2.75 
2.52 
2.57 
2.55 
2.62 
2.62 
2.46 
2.17 
1.59 
1.51 
1.43 
1.60 
1.95 
1.94 
1.85 
1.76 
1.72 
1.85 



Customs receipts. 



Receipts.a 



Expyenses of collecting." 



Dollars, 
41,789,6-20.96 
49,565,8-24.38 
53,187,511.87 
39, 58-2, 125. 64 
49,056,397.62 
69,059,642.40 
102,316,152.99 
84,928,260.00 
179,046,651.58 
176,417,810.88 
164,464,599.56 
180,048,4-26.63 
194,538,374.44 
206,270,408.05 
216,370,286.77 
188,089,522.70 
163,103,833.69 
157,167,72-2.35 
148,071,984.61 
130,956,493.07 
130,170,680.20 
137,250,047.70 
186,522,064.60 
198,159,676.02 
2-20,410.730.25 
214,706.496.93 
195,067,489.76 
181,471,939.34 
19-2, 9a>, 0-23. 4 4 
217,-286,893.13 
219,091,173.63 
223,8:^2,741.69 
229, 6«)8, 5^.57 
219,5*2-2,200.-23 I 
177,45-2,964.15 
203,355,016.73 
131,818,630.62 
152,158.617.45 
160,0'21,751.67 
176,554,1-2(5.65 
149,575.062.35 
206,1-28,481.75 
233,164,871.16 
238,6Rr>,4.V).99 
254, 444, 70S. 19 
284,479,581.81 I 
261,274,56-1.81 
261,798,h56.91 I 
300.251,877.77 ■ 
33-2.-23:^,362.70 I 
286,113,130.29 I 



DoUars. 
2,903,836.89 
3,407,931.77 
3,337,188.15 
'2.843,455.84 
3,276,660.39 
3,181,026.17 
4,192,582.43 
5,415,449.32 
5,342,469.99 
5,763,979.01 
7,641,116.68 
5,388,082.81 
6,233,747.68 
6,668,860.61 
6,950,173.88 
7,077,864.70 
7,3-21,469.94 
7,028,521.80 
6,704,858.09 
6,601,037.67 
5,826,974.82 
5,477,421.62 
6,023,253.68 
6,383,288.10 
6,506,369.26 
6,593,509.48 
6,709,485.76 
6,494,847.29 
6,427,612.67 
6,855,801.74 
7,156,187.77 
7,030,487.00 
6,859,986.09 
6,964,367.09 
6,646,276.06 
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 
9,580,6-26.25 



PereenL 
6.94 
6.86 
6.27 
7.18 
6.67 
4.60 
4.09 
6.89 
2.98 
3.26 
4.66 
2.99 
8.20 
8.18 
8.21 
8.76 
4.49 
4.47 
4.58 
4.96 
4.47 
8.96 
8.28 
8.22 
2.96 
8.07 
8.44 
8.58 
8.88 
8.16 
8.27 
8.14 
2.98 
8.17 
8.74 
8.82 
5.15 
4.48 
4.62 
4.01 
4.78 
8.57 
8.20 
8.23 
8.13 
2.96 
3.82 
3.48 
8.00 
2.66 
8.85 



a Ba.sed on warrants issued. 

ft The cost of collecting the internal revenue embraces the following items: Salaries and expenses of 
collectors, including pay of deputy collectors, clerks, etc., and including expenst's incident to enforc- 
ing the provisions of law taxing oleomargarine; salaries and expenses of revenue agents, surveyors of 
distilleries, gangers, storekeepers, and mLvellaneoua expenses; paper for intenml-revenue stamps, 
and expenses ofdetecting and punishing violations of internal-revenue laws. 

oThe expenses of collecting tne revenue from custonLs includes all sums drawn from the appropria- 
tion made by Congress for that purpose. The money is expended for salaries, rents, labor in weighing, 
gauging, and measuringimported merchandise, revenue boatmen, repairs, and other expenses incident 
to rented buildings, stationery, and the traveling expenses of spi>cial 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 eu-stoms revenue do not include the disbun^ements for 
Balaries. etc., incident to auditing thase accounts in the Departments at Washington. 

tf No data. 



SECRETARY OP THE TREASURY. 



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BEPOBT OK THE FINANCES. 



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180 



REPORT ON THE FINANCES. 



Table J. — Statement op Beceipts op the United States from Mabch 4, 1789» 

June 30) from that time. For Postal 





Bal&nce la 












i 


ihe^ Treasury at 
ComiQ, en ce- 


CiiBtoniH» 


noe. 


Bir^t tm.T 


Public Land.1, 


Mlacel- 
laneooft. 


>* 


ment pf year. 












1791 




S4. 399. 473. 09 








110,478,10 


nsa 




3. 443, 070. 65 


isOSj 942^81 






9. 918. 66 


1793 


7B3,444,fii 


4,255,306.56 


337, 706. 7C 






21 410. 88 


17*4 


753,661.69 


4.801,065.28 


274,0^9,62 


^.t.«_ 




63,277.97 


I79fi 


1,1&L924, 17 


.^ 588, 461. 26 


337,755,36 




^ 


38,317,97 


1796 


516, 442. 61 


6. 567. 987. 94 


475t 289* ec 




14,090,18 


1,169,415.90 


1797 


880,995,42 


7, M9, 649. 66 


675,491,45 




88,5401 60 
Su 963.11 


399, 139. 29 


179« 


l,<m,S90.&i 


7,106.«>1.93 


644,3.=i7.95 


*" 


50. 192. 01 


1799 


617,451.43 
2,161.867.77 


6,610.449.31 
9,080,9^.73 


779, 130, 44 
809^396,55 






86, 187, 56 
l.Vi,7l2.10 


1800 


"r34."m97 


" '"44i"75 


laoi 


623,311.99 


10.750,770.93 


1,040,0^,43 


:^, 343.38 


167,726,06 
100,620.02 
165,675.69 
407.5:^.79 
640,193,80 
765,215.78 


345,649,15 


1002 


8 296,391.00 


12.438,23.1.74 


62t,89ti,89 


206,565.44 


1,500.505.06 
131,»45,44 


1803 


D,020,C97,6i 


10.479.417.61 


215,179.69 


71.879,20 


iao4 


4.8;^.Sll.fiO 


11,098.06,^33 


6D,94K29 


50,198.44 


139,075,68 


iao5 


4,ti37,00o.ia> 


12,936,407.04 


21,747.15 


21.802.91 


40,382,30 


1W6 


8| 999, 388. 99 


14,667,69«.17 


20,101,45 


56,768,86 


61,121,86 


1807 


4.538,i:S.S0 


15.045.521.61 


13,051.40 


34,732.56 


466,163.27 


38,560.42 


1806 


9,643,Sii0.07 


16t3r]3.5.Tfl.58 


0, 190, 23 


19.159.21 


647.939.06 


21,822.85 


law 


9, 94], £09. 96 


7,257,606.62 


4,034.29 


7,517.»1 


442,2.52.33 


62,162.67 


1810 


3,*48,W6.7B 


8,503,309,31 


7,430,63 


12^448.88 


696,540.02 


64,486,84 


1811 


2.672,276.57 


13,313,2:^.73 


2,295.95 


7.666.66 


1,040,237.53 


69,211.22 


1812 


3.602,305.00 


8. 958. 777,58 


4,903,03 


859.32 


710.427.70 


126il65,l7 


laia 


3,062.217.41 


13,224,623.25 


4,7ri&.04 


3,006.52 


835,65.^14 


271,671.00 


isu 


&,196.&I2.(X} 


5,998,772,08 


1,662.904.82 


2,219,497.36 


1,135,971,09 


164^399181 


vnb 


1.727.048.63 


7.29;2.!M2.22 


4,670,O.'i9.O7 


2,162.673.41 


1,207,959.28 


2&%2SlSi 


i8ie 


13,106,592,08 


36. 30(1.074. 88 


5,121,700.31 


4. 253, 63.'^. 09 


1,717, 905. Oa 


273, 782. 86 


1817 


22,033.819.19 


ait>.203,340.49 


2,670.100.77 


1.031,107.04 


1,991,226.06 


109,761.08 


ISIS 


14,989,46^^.40 


17.176. a^-^j. 00 


tJ.W,2:0,20 


'264.333,86 


2,606.564.77 


67,617,71 


1819 


1.478.52«j.74 


20.283,603.76 


229,. ^193. 63 


03.650.70 


3,274,422.70 


57,090.42 


1B20 


2.O79.9y'2.30 


1.^00.^612.15 


I06,afi0,53 


31.586.82 


1,635,871,61 


61.330,44 


1821 


1.190.461.21 


13.004,447.15 


69,027.63 


20.349.06 


1.212,966.46 


152,589.43 


1822 


l.eSL.'^ZJI 


17, 5^^9.761. IN 


67, ft i,^ 71 


20,961.56 


1,^03.581.54 


45'2,9n7,ig 


1823 


4.237.427.56 


19,008,4:13.44 


34,242,17 


10,337.71 


916,523.10 


141,r29.&4 


1824 


9,4ti3.922.01 


17,87H.H2.'i.71 


34,(563.37 


6.201.96 


iMH,418.15 


127.603.00 


1836 


l,Wfl,S9T.13 


20,098,713.45 


25,771.35 


2.330.05 


1.216.090.56 
1,39(3, 7.85. Off 


130. 451. a 


lasQ 


6.201.650.43 


19.341,331.77 


21,.'S89,93 


6.638.76 


1,315, 722,a 


1827 


6.356.68fi.l0 


19,712,283.29 


19,005.66 


2.626.90 


1.495. 045. 2G 


laas 


6,668.206,10 


23,2a'i,623.64 


17,451,54 


2,218.81 


1.018. 308. 7& 


65,126,49 


1^ 


6,972.43-3.81 


22.601,9tM>.91 


14.50'2.74 


11.335.05 


1,517.175.13 


112,648,66 


1830 


6.7Ki.701.79 


21,922,391.39 


12,160,62 


16.900.50 


2,329.356.14 


78.227.77 


im 


6.014,5S9.7!> 


21,2-24.441.77 


6,9S3.61 


10.506.01 


3.210. 816. 4« 


^.124.06 


im 


4,502.914.45 


20, 4rJi, 2:57,24 


11.630.65 


6,791.13 


2,623,381.03: 


270,410181 


1833 


2. ml, 777.65 


2O.O32,riO0,91 


2. 759. 00 


394,12 


3,967,682,65 


47O,a06.«7 


1831 


11,702, m-s. 81 


ia,2R&,^7,15 


4,196.09 


19.80 


4,S57,600.e 


480, 812. U 


1B36 


8, 092. «&^. 42 


19,391,310.69 


10.459.40 


4.263,33 


14. 757, WO. 75 


759,972,11 


1836 


26,749, 0iV3. 96 


23.409,940,56 


370.00 


72S.79 


24,877.179.86 


2.245.902.23 


18J17 


46.T0H.436.0O 


11, 169, 290. 3y 


5,493.04 


1,687. 70 


6.776.236.52 


7,001.444.59 


1838 


37,327,252,69 
36.091.106.94 


16 15^.800 36 


2,467.27 
2.663.32 




8,730.945.66 
7.361,576.40 


6 410 348 45 


^jm 


23,137,9-24.01 


755.22 


979,939.86 


1840 


33.157.503.6^ 


I3,499,fi0'2.17 


1. era. 25 

3,361,36 
495.00 


^* ►**♦* '-- 


3,411.018.63 


2.567,112,28 


1841 


29.9(53.163.46 


14, 487, 216. 74 




1 . :i65. 627. 42 


1,094.061.78 
451.995.1? 


1842 


2S.6R5, m.O** 


lStl87,90S.76 




1.335, 7^7. fie 
898, 168. 18 


1S4»' 


30.521.979.44 


7,046.843,91 


103.25 


. ., 


285.896.99 


1844 


39 186 2S4. 74 


26,183.&70,M 
27,fi2B,J12.70 


l,Tn.34 
3.517,12 




2,0,19.939.00 
2. on, 022. 30 


1.076,419.71 
361,45&,6B 


ins 


36,742,029-<i2 




36. 194. '/?4, 01 


26,712,667.87 


2,0^7.26 




2, 6»]. 452, 48 


2^.950.18 


1847 


38. '261. 969,66 


23, 747. 861, e« 


375,00 




2.498,355.20 


220.808.80 


1848 


3;i,t»79,2T6.43 
29,416.612,45 


31,757,070.96 
2ft, 316. W8. 82 


376.00 




3.328.642.56 
1.608,959.55 


612,610.61 

685, a:?. 18 


1849 






1850 


32.027,082.69 


39, 6*10, AM, 42 


..,,,.„...^., 





1.S59,0W.26 


2.061.308.21 


1851 


35.071.7t3.81 


49.0l7.5(i7,92 






2,352,306.80 
2.040,239,58 
1,667,O0L99 
8,470,798.89 
11,497,019.07 


],l86.ie6,U 
464,249.40 
^0,081.17 

1,105,352.74 

827,731.40 


1802 


40, 1S8. 353. 2fi 


47,339,326.62 


" »»--.,.*_. 


'!"!!! "!1".^1 


1003 


43. 33H. 060. 02 


.5rt,9:n,06&.e2 
61,224.190.27 






18M 


50.261,901.09 




i" 


1866 


48,591.073.41 


53,0'i'i,7'J4.2l 




^'[r"]"'"'* 


185fl 


47,777,672.13 


61.022.063.50 




CS^[[l""l" 


0,917,644.95 
3,829,486,64 
3,513,715.87 


1,116,190.81 


18ii7 


49. 10^ 229. 00 


63, 075, 905 J « 
41.789.620.^1 






1,259,920,88 
1,352,029.11 


last 


16.002.855,00 




V///.V.\\V.l" 


18tV9 


35,113,334.22 
33,193.248,60 


49, .^ft-i, 824,3.^ 
ft3J87,5U.07 






1.756.6S7.30 
1,778,657.71 


1,454, 696,» 

1,088, 53a 2S 


1800 






IBOl 


32.979,530.70, 


39..'^J25.ft4 




1^^**"*"^*"*** 


870,650,54 


1,023,615.31 


1802 


30.963.857,83 


49.066,397.62 




'1."m33i.'73 


152,203,77 


915,827.97 


1863 


4(1.9fi^3^^^.87 


69.060,642.40 


3?; m 7.^*9.^ 


1,4«.M0B.61 


167.617.17 


S, 741,794.88 


1*H 


86,523.046.13 


102,316. 1,¥2, 99 


109,741,134,10 
209,464,214,25 


475.64M,96 


58li,333L29 


80. 291, 7*1. W 


IB6& 


1^,433,738.44 


0|,92S,26O,6O 


I 1,300,573.0a 


990,563,31 


25.441 CM. ii 



a For the half year from 



SECRETARY OF THE TREASURY. 



181 



TO June 30, 1908, by Calendar Years to 1843 and by Fiscal Years (ended 
Revenues. See Table L, Page 144. 



179-2 

im 

1794 
1796 

iWi 
1797 
ITiS 
17» 
IWOO 

1SQ8 
IMM 

liCA 
isoe 

IB07 
1606 

ISO? 
1810 
iSlt 
IfilS 

ma 

1S14 

mt 
mi 

ma 

im 

1B22 
IBi4 

ism 
im 

1832 

im 

IBM 
IAS 

1010 

1^ 

1S40 
1B41 

im 



1S44 

letfi 

184T 
IMS 

iBeo 
isei 
iiaa 

IBGS 

ISM 

lasfl 

1567 

im 

Ufift 

ISOO 

IMl 
18S3 



U«» 



Bi^Etlenda. 



receipts. 



aoa.-i?2.oo 

leo. 000, 00 
16I[>,W)0.00 

»o,9saoo 

Tl.04O.00 
71,040.00 
S*.*fO(K00 
3»,WiO>00 



SKI2,4^S0 

525,000.00 
e75|D0O.O& 
,000,000.00 
UKi,000.00 
297.500.00 
S&0,000.00 
£50,000.00 
867, AGO. 00 
402,500.00 
4^,000.00 
455,000.00 
490,000.00 
490,000,00 
490,000.00 
400,000.00 
474,985.00 
334,345.50 
S06,4S0.8^ 
ail, 074. §7 



fl, 409,991/19 

»,oe&,960.si 

4,052,«!S.1I 
5,431,904.87 
6,U4,&3166 
8,377, 529, «6 
8,6gB,7S0.B9 
7,9(W,'lyA.«» 
7,546^S13.31 
10,!HK74*.10 
12,9S,\330.S6 
J4,»fi&,79a,9ft 

11,064,097, ea 

11,326,807.^ 

]3,Gtn,€e3.ao 

l5,fS69,95Jl,07 
]A,!!9B,019.a6 
]7,Ofi<^f^L9d 
7,773,473.12 
0,3ftl.2H,:S* 
14,422»fig4.O0 

H,wo,-i09.afi 
it,iS],e^jd 

15,^6, ate, 82 
47,alll>96fiy36 



S3, 099,049, 74 907, SI 9. 14 



IntereiL 



N, 800,00 
42,800.00 



7».67&.0U 



10, 12.'^. 00 



Fremlmnfl, 



Receipts 

Irom lonn^ ami 

TreiiHurr 



300.00. 
85. 7W,, 

11,611,74 
0B,«&i.l6' 



Sa2J07,&| 
6R6.09 



412. e2„ 



|3ai,391.S4 
5,tOC£,498.4J» 
1,797,272.01 
4,007, 950, 7S 
3,39&,42C0(y 

820,000,00 
70,000,00 

200,000,00 
5,000,000,00 
l,5a&, 2^,34 



GroH Tecdpte, 



2,7li0,000.00 



21,565,171.04 

24,60!), 374, 37 

17,ftl0,6fl9.S5! ...J 40,000^00 

14.S73,37V,72( 

2U,m,427.H 

20, 540, 6M, 26 

1 9, JW1. 211.79 

21.ft4O>W,02 

2r*, 200, 434, 21. 

22.966,363,06' 

21,763,629,23' 

24.827,027.38' 

24, &M, 11 ft. 51' J. 

2».S2ft,S20.a2|,,.,.,,.„',,.,.^-.-,..- * 

31,807.450.06 

33.*MH.426.2&',.._ 

21/Tai.93r>.55 

3ft, 430. 0*^7. 101 .,, 

50,«26.7mOR 

24. VK-vl. 159,04 ,*.,.,,,., 

2G.,TO2,.'idl.74.-... 

3l.4a2.74S».ftr ,.., 

19,490,11S.33. 

14. aeo, 160,27,... 

lt,g7«,l?T,2&j 

S,231,00L!^,.,„,,..- 

29, 320, 707. 7S. -.....-. 

29. 970. 105. «>..... 

29.009,967,74. 

26,467,403,16,.,,.,,,,, 

&% 598,099.211......... 

30,721,077,60' 

43, 592, 888. as! 

62,555v0a9,83i 

49, &4«, 816,00; 

01, 687, tm. 68*. 

73,800,841,40: ,,., 

fl5,3flO.S7i,6a 

74,066,099,24,....,..., 

61*1.965,312.57.......... 

46.655.36.^96 ,... 

52.777,107.92.. 

56, 051, 599, K3. 

41,476,299,49 

51.919.261.09.. 

112.094,9*5.61,,........ 

243,412,971,20 

ai>2,ti31,15S,19, 



12,i37,9a0.00 

20,1HJ,135.Q0 

23,Sn,B26.00 

35,220,^1.40 

9.426,0»4.91 

460,723.45 

8,353.00 

2,391.00 

3,000,824.13 

5,000,324.00 



5,0O0,0CC,OO 
5,000,000.00 



71,700,83 
666,60 



28,366.91 

37,080.00 

487,066,48 

10,550.00 

4,26C«2 



22,50 



3,0i2,9«9.15 
t3,7t6,R20.86 

»,8,'i7.27iV.2t 

fi,,S89,M7.51 
ia,6.¥J, 317, se- 
ll, 806,7^^ 64. 
ja,4T9,7«S.36 

1,877,181.85 



709,Mff.72 
10,008.00" 
33,630,90! 
68.400,00; 

602.346.44' 



28,872,399,46 

21,256,700.00 

28,588,750,00 

4,045,950.00 

203.400,00 

46.300.00 

16,350 00 

2.001.67 

«IO,00 

200,00 

3.900.00 

23,717,300,00 

28,287,500.00 

30.775,800,00 

41,861.700174 

529,092,460,50 

776.6»2,3Gl.ft7 



2T,1 4,101,011, 128.873, M5,36 
11,683* 44*, 89 1, 472, 224, 740, 85l 



14,771,3-12,53 

8,772,468.76 

6,450, im 15 

9,439,856.65 

9,615,768,59 

8,740,329.66 

S,768,7g0.99. 

8,179,170.80 
12, 546, 81 3, 3 J 
12,413,978.34 
12,&I5,455.95 
14,995,793.95 
11,064,097,63 
11,8-26.31)7. as 
13,560.693.20,, 
16,659,931,07 
16, 3S8, 019,20 
17,060, 6Bl,B!^ 

7,773,473.12 
13,134,214,28 
14,422,631.09 
a2,*!39,0aX76 
40,634,844.96 

31,5&9,536,95 

60,061,237,00 



UnaTKfl- 



eS,2SS,S5 



57;i71,42t.R2. 

aa,B33,692.33 .,.,.. 

21, 693, y3f;,66L.. ......... 

24, 0a5, 66,-^.37 

.30, 8*1,493, 68: 

19,673*703.72L... , 

20,232,437,l»| , 

30,640,666.26. 

24,381,212,79 

20,840,868.03 , 

35,300,494,21.. 

22,966,363,96 

24,T5»,629.2&.... 

24,B27,0?7,B8l, ,..,. 

24,844,116,61., 

2ft,63a^aao.aM ....,,. 

3i.e«7,4fia.ea ii,889,6o 

21 791,936.68..., 

86,430,087.13 

5O,8»,7Oa.0i 
27,947,14119^ 

39, 019, 382. i« , 

36, 340, 0:^ 8-2,1, 4.'t8. 782. W 
26,069,tia2.S4 37,460.26 

30,619,477,65 ..- 

34,784,93a,S8t 11,188100 

20,782,4101.46 

31,198,666.73 

29,970,106,80 m 251, 90 

29,099,967.74,,. 

55,368,108,52 30,000.00 
fi6,992,4»fl,21............ 

69, 796, 892. 98 - 

47,649,383,88..., ,, 

62,782.70425.. ,,,,.. 

19,893, 115. 6ff. 

61,003.404.18 103,301.37 

73,802,313.07...... 

65,35l,ar4,i8„... 

74,0-16, 80S.M..,,,„ 

68,969,02.67 

70,372,666.98 

81,773,066.64 16,408,34 

76.841,407.88 

S3, 371, 61ft, IS „.„..,,„. 

581.680,121.60 11.110.81 

889,879, 662. est 6,000.01 

1,398,461,017.67 9,210.40 

1,805, 980,316. 9Bi 6,095,11 



Janiiary 1 to Jone 80, 1843. 



t^li^lVtt^ ^W THE FISAJSkCES. 

I^WH^ J- — Statkhest op tbm Rbcbpib of thk UmnD 



li07 



Jfg^^i. 







TPk4«T, 566.07 

TT3,GlO,00«.7fl 

«>l, 790,237.71: 

§67, 1*80. 55«. 4ft; 

K12»,'»2,G0S.2S 

t« 310, 006, (01. 20^ 

l,aie,&79,I70.«S: 
1,4TO. 90ft, 212. til 
1, 610, f*&. 977, 69 



WlM 223,832, 







]4».(I71,»I.^ 

130.11Y},6».3» 

1W,&£2:.OM.60^ 
190, iSft, £79.0^ 
230,4l0«730.2fr, 

195,067. 1^ 7ft 
1S1«I71,939.m! 

1919Q&,0^.44J 
21T,28fi,e9S.im 

223,832, 74Lm 

220.0fl0,e^^ 
219,A22,2afi.2I 
177,452,004.1^ 
20S,350^Ol£.73 

i3i,§iB,fiao.ai 

Ijif2,15§,0t7.4& 
nyj,03L751.B7 
17C,5&4,l3ft.6& 
U», 575, 002.55 
a06,128,4J|L75 
:^, 104. 871. 16 
238^ 586, 455. 9» 
^4, 444. TOO. 1» 
2»4,479,5§L«1 
30L274.M1«] 
aoi. 79^,856. 01 
300,2&U«n.T7 
S32, 2JK, ara. 70 

ssejn. 130,29 



315^1£«,$1 



9S,79&n 



1,S1€.S» 
160*141-6!^ 
10§,150,6» 
TOvfaO.Tv 



C9ii,2aS.JilS.<£ fLf74,7^t3S 



Iflf, 007. HO, 41 t Tffi^ 14;^ as 

1J^3fiS»4fiCLffi -^ 

184,009. 756. 4« 

143,096.1^61/ 

lao. 0^177, 72. 

113,729,314.14; 

102,409«7^90, 

lljO, 007, 490.58. 

llfiTOO^TStOC 

US. 130,^407. SB. 

U0.^1.«M.74;, 

113»Ml,0Ktli«:. 

l24,0O9,X7&ff21 

I3&,aU,3S&LaU 

14«,ltf7,J»&45» 

144,729,3G&9«B 

m,56&,0r£.5t| 

112,l9a,73S,ft4l. 

no, MI5. 900.491 

11B,SB3,W1.^ 

124.39«,Sn.9i 

142t006,7«G.8l^. 
145,fia0,2t9.4£. 
lS3,971,072:07u 
101, 027, OSS, 33: ,„— 

143.43^072.02; 
146,702,0^74 
14fi.0e0.&74.2» 
170, 900, 641, tt| 
27^437,101.01 

296, $27,926. TO . 

307, ISO, 003. 77^..,.... - 

271,880,122-- 

230.810,124, 

232,904, lift. 4& „ 

234, 0Q&, 740.851 
349,110,212,91 .. 
269. 606, 772.85.. 
251,711.136.701.. 



f0e.0aLOK i3», 000,814. 23 



1,MB,71&41 

4.oaLat4.« 

t, 535^714. If 
^S8^11£.S8 

i,etfto.ia 

1,43^CMl17 

VM,2SLtiH 
t,0(n^7l9.S7 



100. 399.^ 
a2,B^0& 
1,506^ 92 



1,0(10.506^00 
2,20^063^17 
4.75^140.37 
7,956i,SA4.4S 
9, Sm 705. 01 
5,7D&.9a6.44 
5.490, OttLU 
9,254^20Gl 
11.302,017. 
0,030,C&1.79 
fv««,a7i.£l 
4,e»,535.41 

a,«i,<nL50 

3, 10, 000.70 
1,«?S,«I7.S0 
I.10S;347.10 
1,005,5^43 
8IH,501.aj 
1,24^,1^.42 
1,070,M0.01 
2, 96, 802. «i) 
2.g»,U0.^ 
4,144,122.78; 
8.990,311.21, 
7,458, 47t. 72. 
4,800, 24«.«I0, 
4,879,833. G5t 
7.878.811,13 

9, 731,660. as; 



iiv9ig,««.«i 

&.090,MLZ| 
15.100,051.21 

17,161,^^,05 

lfi^4Il,915>.31 
31070,002.31 
m437,«7.42 
Ub 014,730. 00 
m0i5^0V7.O9 
S]^9?8,5fiGi01 
2&vl«4,800l» 
Sl,7a8,«2.0fi 



31 
24,0l4,CHs0i 

%0Q5>814.84 
94,074,406110 
t4. 207, 151, 44 
H, 447, 419. 74! 
31,374,457,23 
20^251. 87L»| 
18l,3&4,0Sa$4 
17,118.618.^9 
16,706. 43aL 48 
l»,l06,OaO.» 
33,014,432.81 
83,60Z,&«LM 
34.716,730.11 
35.911,1101.99 
Sg,9&4.0M.12 
82,009,280.14 
36,180,657.20 
3^,999, 565.42 
43,5(20, BOT. 29 
40,172,197.54 
58,301, 387.87 
53,570.301.01 



.10,560.4Sr7,^L39 

I \ 



7, 7M7.«0S. 450.581 ;^13U990.32 348,11*3,445. 67 1.397.002.860.50 



a Amount heretofore credited to the TreMorer m 



SECBETABY OF THE TBEASUBY. 



188 



States fbom March 4, 1789, to June 30, 1908, etc. — Continued. 



DlvideDdi. 



Net ordinary 






357, 1S8, 
374,431, 
^£2, 177. 

390. €66, 
2Sl.tiOO, 

273. S22, 

360,7^ 

S96,2&7, 

323, 6BU, 
330,439, 
371, 4Pa, 
379,'.^, 
3S7.060, 

39i2»fil2, 
354,337, 
aSfi^M9, 
207,722, 
313^ 3W, 
320, S7e, 
S47,72l, 

£«2,47», 
Bftt,3M, 
540.651. 
644,274. 
&94.4A4. 
663J44). 
eOl.126, 



4!i3.82 
2.%. 09 
*!33.III7 
li>4.«>l 

€73. 

771.41 
&4>4,70 

i7fl.40 
13&.S3 

2»2.fi7; 
250.28 
581. 9& 

7U6.3» 
727,06 

074.70 
<I6S.«$4 

447. Bl 
7M.24 
62f!.78 
019.^ 
07ft. 11 
5B0O.3« 
7U6,16 
©ft. 30 

em IS 

B5LS0 
S^.63 
21 
674. 
749.40 
6»4.S5 



Intereflt^ 



eS5,0B3,055.f 
27.71*7,330.; 



rremianifl. 



(torn loennftnd 
Treasury 



*7V2,85l.&53.06 
. 640,426,910.29 



203, 62». 
756,401. 
296.643. 
»92, S39. 
412,637. 
fieo.630. 

oa7,*J<yi. 

97«,279. 
OC*9,2Jt(0. 
405.770. 
S17, lO-J. 
M)5^ 017. 
)10, 



633.205. 
^».34l. 

166,246. 



;,4H4.I>I«. 
465,336. 



590, 3£4, 

!, 720,061. 

736, 7S^. 



Qxom reoelpta. 



Unavail- 
able. 



It .370,884am 11 i]72,0M.20 
IJ3i,0G0,920.56! 721,827.98 



f2,675,91S.lO 
1,030, 749, filft.lSS 

eoif , 6*2 1 , saw. 27 d 2, 070, 78 

696, 7'^©, 973. 63 ,. 

652. O^i. 44it^. 36 a 3, 39fi. 13 

fi79, 153,921.56 al»,22«.35 

5*^.6atf,£;i,67 ti3,047.80 

744 , 251 , 291 . 52, 12, 601. 40 

675,971,607.10 

fl01,651,(J73.28..... 

630. 'JTH. 1157, 58L...,„..„, 

6C2,ai5,O79.70 ,. 

l,0e>6.634.>i27.4G 

645,3'i0.713.9«,... 

474,:K^.*t26.57 , 

h24,470,074.28. 

9(>4,23D,14&.»5., 

566,397,755.92 

56«^8S7,009.3fi 

4Sa,7&4,677.06., 

53:5, 844, 177.66 

664,282,731,76. 

632,161,405.84. 

648,374,632.63 

765,8-^1,306.00 „. 

736,401,296.24 

732,871,214 78 

724,000,fii38.4fl ,.,. 

720,516,646.23 

620,852,810.29 

737, 6^11, 925, l& .„, 

788,549,256.20,. 

1, 088, i'sl, 3-10,1^ _ 

1,077,798,907.89 

, 806,G63.M7,6« 

89, '259, 910. 00 6S1,73W, 141.41 .* 

147, 441. 230, 00 7€9, 321 ,963.40 , , — 

:i3,7i0.100.tw' 6.*>l,«07,im«. -. 

23,292, 1.^0,00 567,5ti6,8al« .<..,.„.,« 

117,8^)0,887.011 712,83.'j,33a.m ...- 

203, 795. miK m' 869,656,3&1,W 

206,1.55 4t]0, 00 807.017,367.20.... 



625,111,433,20 
:£», 678,061. 06 
285,474,406.00 
258.768,523.47 
305.047,064.00 
214,931.017,00 
439,272,535.46 
387, on, 566, 00 
397, 455. 80S. 00 
348,871,749,00 
401,581,201.00 
7B2.W)7,6<3,00 
211,814,103.00 
113,750.5^,00 
120,015,724,00 
556, M2, 564. 00 
206,877,686.00 
2i6,l«5,303.0Q 
116,314,850,00 
1.54,440,900.00 
285,016,650.00 
245,111,350.00 
245,293,650.00 
373,208, e&7. 75 
331,463,612.00 
5M7,061,586.OO 
417,651,223.60 
395,787,205.60 
482,710,363.50 
3KO,9^,220.00 
333,227,^^.00 
532,400,7:90.00 
6IO,fi56,056.00 
218,078.610.00 



^1,500,00 
47.097.65 



a 731. 11 



9,720,136.20 ;W,04l,353,722, 66 5485,224.45 241,823,656, 19 18,159.758,005 .59 3M42.920, 698, 892, 7H, 730, 71 

I ill 



muiTallable and since recovered and charged to his account. 



134 



BEPOBT ON THE FINANCES. 



Table K. — Statement op Disbursements of the United States from March 4, 

June 30) from that time. For Postal 



Year. 



War. 



Niiry. 



ludl&nc. 



r^tuloizig. 



MIece]liui^udL 



ITfiS.. 

ITflS,. 

17W., 

179».. 
1800,, 
IK^I., 

1802.. 
180a., 

1«0S., 

ma. . 

1S13.. 

im&. , 

1S16. . 

iai7., 
laie.* 

1821,. 
1S22,. 

1S2&.. 

isse.. 
isaa.. 

1929.. 

laao. 

1831.. 

laaa.. 
lesi.. 

183&.. 

tm.. 
im,. 

1S40.. 
IWt.. 

m4.. 

1&4S„ 

Ifti?., 

ISfiO.. 
l»5l,. 

ia92., 
ia5B.. 

18S5.. 
IBM., 

18^7.. 
183».. 
1S&9.. 

ISfiK, 

i»sa., 

lau*. 



2, 480, 910. tS 

1,300,263.^ 

1,039,402.46 

2,006,622.80 

3,466,946.98 

2,5fiO,HTB.77 

1,672, 944. OS 

1,179/148.25 

»^, 055. 85 

875, 42a. 93 

712,7*1.:^ 

1,224,356.3$^ 

l,286,6Ha.9t 

2, 900, sat. 4d 

a;, 315, 772.173 

2,2ftl,^iS.94 

2, 032,828. 19' 

Il,8t7,7S«.24l 

19,652,013.02 

20,350,806.86 

U,T»i,2M.22 

1^.012,096.80 

8,004,236.5a 

5,622,7l&:i0 

a,$oe,aoas7 

.■,630, 892. at 

4, 401, 291. 7S 

5, 111,983.48 
■ A, 096, 921. 43 

a, 340, 939. 85 
3,059,9U.ia^ 
^,913,191.37^ 
a, 948, 977. 8S^ 
4,l4&,&t4.56] 
4.724,291.07 
4,767,128.88 
4,841,83S,5& 

6, 446, 031 88 
6,704,019.10 
6,696,189.38 
6,759,156.89 

11,747,315.25' 

ia,682,Tm80 

12,897,221.16 

8,9t6,99&.80 

7, 095, 267. 2£ 

8,801,610.24 

6,610,4^.02 

2,906,671.9^ 

5,218,189.66 

6,746,291.28 

10,413,^0.58 

3.1.840,030.33 

27,688,334.21 

14,iw8,473.26 

9, 687, 0*24. 58 

12,161,965.11 

8,521,506.191 

9,910,498.49 

n,7;S.2ft2.87 

14,613,074.07 

It}, 963, 1(30.51 

19,159,150.87 

A679,12L€S 

23, 154, 720, 53 

10,472,20172 

23,001,530.67 

3.^9,173,562.29 

600,314,411.82 

<»90,691,048.66' 



S&1,408.97 
410,.'}^. 03 
274,784.04 
382,631.89 
1,381,347.70 
2,858,081.84 
3,448,746.03; 
2,111,424.00 
915, ,561. 87 
1,2U%230.53 
1,189,332.75 
1,597,600.00 
1, 649, &1 1.44 
1,722,064.47 
1,881,067.80 
2,427,75i?l.R) 
1,651,244.*^ 
1,965,566.39 
3,959,365.15 
6,446,600.10 
7,311,290.60 
8,660,000.25 

3,eQB,3;s.a9 

3,314,598,49 
2,953.695.00 
3,317,640.42 
4,387,990.00^ 
3,319,243.06 
2, 224, 456. «« 
2,503,766,83. 
2.904,581.66 
3,049,083.^ 
4,218,902-45 
4,:2fi3,«77.45 
3, 91b, 786. 44 
3,308,745.47 
3,239,428.63 
3.856,183.07 
3.956,370.28 
3,901,356.75 
3,956.260.42 
3,804,939.00. 
5,807,718.!^! 
6, f46, 914.631 
6. 131, 56a 53' 
6,182,2*1.25! 
6,113,896.89, 
6,091,076.97 
8,397,24^,95 
3.7^7,711.63 
6,498,199.11 
6,297,177.89 
6,455,013.92 
7.900,635.76 
9,406,470.02 
9,786,705.92 
7.901,724.66 
6,880,£81.3i3 
8,918,842.10 
11,01)7,789.58 
10,790,096.32 
13,327,095.11 
14,074,8^.64 
12,651,694.6] 
14,053,264.61 
14,690,927.90 
11.614,649.83 
12,387,156,5a 
42.610.353.00 
63, 2i;i, 235.01 
85,704,963.74 



•27,000.00 
IS,G48lB5' 
27,282.83: 
I3;,042l46 
A 475. 68 

113,663.96 
62,396.68 
16,470.09 
20,30e.l9 
31.221 
9,000.00 
94,000.00 

fio,ooo.ool 

116. 5D0. 

196,500. 

234,200. 

205,425. 

213,675. 

337,503. 

177,6251 

151,875, 

277.845. 

167,856. 

167,391. 

530,750. 

274,512Ll^ 

319,463.711 

S4K^, 704.^1 

463,181 

315,750.011 

477,005.44 

575,007.41 

380,781.82! 

429,9t)7.90 

724,106.44 



743,447.83 



750,624.88 

705,081.24 

576,344,741 

022.202.47 

^0,7;l8.04. 

1,355*, 419. 75, 

1,802,980.93 

1,003,953.20 

1,706.444.48! 

&,037,02t?.88: 

4.^48.a;j6.i9: 

5,501.191.34; 
2,528,917.281 
2,831,791.86, 
2,514,837.12, 
1,199,099.68 
578.371.00 
1,256,532.89 
1,5^,351,35^ 
1, 027,693. M! 
1,430,411.30, 
1,252,296.81' 
1,374. ICI, 55; 
1,663.501,47, 
2.829,801.77] 
3,043,573.01! 
3,880,491.12! 
1,550,33^.55 
2.772.990.78' 
2,044,263.97 
1,3M.41H.87 
4,978*206.18 
3,490,534.53 
2,991,121.51' 
2,865,481.17 
2.327.948.37 
3,16I,ar2.70, 
2,029,975.97 



109,24a.l5( 

80,087.8lf 

8l,399.24i 

68,673.22^ 

100,843.71] 

92, '256, 97 1 

101,845.33! 

96,441.03^ 

61130.73^ 

r3,533.37^ 

85, 440. $9^ 

62,902.10^ 

80,092.80 

81,851.59 

81,875.63^ 

70,500,06>^ 

82,676.01 

87,833. 5£ 

83i744.l6 

7«,0«3.^' 

91,402.101 

86,969.91' 

90,164.36' 

69,656.06' 

188,804.15; 

297,374,43: 

890,719.90, 

2,415,939.85 

3,206,376.81' 

242,817,25 

1,918,199.40 

!, 780,54^.52 

1,499,3^.59' 

1,808,810.671 

l,6S6,a03.83' 

976,138.86; 

850,673,57 

949,694.47 

1,363,297.311 

1,170,665.14! 

1,184,422,40 

4,589,152.40 

3, 364,2815, 30' 

1,951. 711. IE? 

2,882,797.96 

2,672,Hi2.4:> 

2.156,057.29 

3,112,750.61 

2,603,562.171 

2,383,431.51 

1,378,931,33 

839, (Ml. 12. 

2,a32,0OS.99 

2,400.78^.11 

1,811,097.56 

1,744,883.631 

1,227,496.48 

l,328,8rM.64' 

1,866,886.02 

2.283,377.22 

2,401.85^,7*, 

1.756,306.20 

1.232,665.00 

1,477,612. aj 

1,296,229,65' 

1,310,3»0.58; 

1,219, 7t>». 30 

1,222,222.71 

1,100,802:32 

1,034,599.73 

8.%, 170.47; 

l,078,.'im36 

4,985,473.90 



$1,063,971.61 

4. 6?2, 664.31$ 

511,151.01 

750,350.74 

1,378,900.66 

801,847.68] 

1,259,422.62! 

1,139,524,94' 

1,099,391.66^ 

1,337»613.22| 

1,114,768.45 

1,462,929,40! 

1,812,635.76' 

2,191,009.43' 

3,768.598,75 

2,890,137.01 

1,697,697.61 

1,4^285,61 

1,215, 809. B 

1,101, 144, S» 

1.367,291.40 

1,68S,0S8.21 

l,7!i9, 436^61 

2.208,029.70 

2.899,670.47 

2.989,741.17 

3,518,930,76 

3,835,839.51 

3.067,211.41 

2,5^2,021.91 

2,223, 121. M 

1,967,996.24 

2,022,093.99 

7,156,308^61 

2,748,544,^9 

2,600,177.79 

2.713,476.66 

3,676,0ba,&4 

3.062,234,65 

3,^17,416.04 

3,064.646.10 

4,5n.l41.4fi 

5,716,24-5.98 

4,404,738.95 

4,229,608.69 

5,^(3,279.72 

9,J»!,S70.a7 

7,160,66L78 

5.?^i,9Bai«9 

5,99&,3i(k96 

6,490,881.45 

6,775,624.61 

8, 202, 713. 00 

5,645,183.86 

5,911,760190 

6.711,288.9 

6,885,608.16 

5, 650, 861. 2& 

12,885,331.^1 

16,0^,768.86 

17,888,992,18 

17,604,171.45 

17,463,068.01 

26,672,144.66 

24,090,425.48 

3l,794,038t«l 

28,565,496.77 

2et, 400,016. 43 

^,797,544.40 

27,977, 978. aO 

23,327,287.69 

2l,.'m,%«i3.e8 

.!3. 198,882.17 

n, 572,216.871 



a For the half year from 



SECRETABY OF THE TREASURY. 



185 



1789, TO JuNB 30, 1908, by Calendar Years to 1843 and by Fiscal Years (ended 
£xPENDrnjRBs. See Table L, Page 144. 



Y«ar. 



Iiiteie«L 



Net ordiruin' 



Pr«ialiimii. 



pabllQ debt 



Qfosb disburee- 



Bal&TXce In 

TroiiBUry at 

the end of 

the year. 



1791 
1792 
1T9S 
ITSH 
1795 
1796 
1797 
1798 
1799 
1§00 

isai 

1603 

t§M 
1B05 
laOB 
1007 

lioe 

1W9 

isia 

ISII 

}»U 
IBH 
1S15 

lata 

1S17 
1»IS 

19410 

la^ 

1S21 
1822 

1824 

i^ae 
isn 
ims 
iss^ 
vm 

J631 

isaa 

lflS4 

xeaft 
iirr 



IBM 
1841 

1»42 

l&i^ 

ltH4 

laiG 
1»«0 

X§47 

IMS 
1M» 
I8S0 

urn 
im 



18§T 

lafio 
isci 
isea 
issa 

1»54 



f 1, 177,803.0* 

2.097,8,^.17 
'J,7fyi,523.lVi 
2,&17,0&y.«J 
3»ia9,M7.a» 
3» 172,516. 73 
2,955,^5.90 

3,4D'J,eOl.l>l 
4.4U,S.mOG 
4, Li3tf, 172,16 
3,9-i9.4ttZ»fl 
4,1«5,01S.74 
2,657,114.32 
3,368p9tiB.26 
*,3a&,578.4^ 
2,5^7,074,23 
2»6,074.9ts 
S.1(;3,G71.09- 
2,585,4:iii,57, 
2,451,27167 
S,59^<4^')5.22J 
4,593,2S9.04 
^990,Oy0.24 
7,«22,©23.ai 
i,5;j^,2S2.6-i 
6, 209,96^1. OS 
5,21UT.J0.&6 
5,151,004.32 
&a29» 07X79 
5,172,788.79 
4,922,475.40 
4,943.557.93 
4,3iifl.757.40 
3, 975, M2. 95 
3,4»d,07Lril 
9,098,800,30 
2,M2,&43.23 
1,012,674.99 
1^373,718,74 
772,661,60 
a03,796.S7 
202J6'i98 
57,S08.0a 



t4»99t^.48 
899,833. S9 

;m,977.56 

773>10.85 

523,fi§3.91 

1,1^, 462, la 

1,040, ilt^. 18 

$42,723.27 

1,119,214.72 

2,390, 76fi.S» 

3,«6,aa,'i.78 

3,732.393.03 

3,€g6,i60.T6 

4,000,297,80 

a, d65, 832,74 

a,07U,92fi,fl9 

2,aHt4f4.99 

1,953,822.37 

I,&9a,ai5/J3 

1,652,065.67 

2,637,649.70 

3.144,130.94 

4, OH, 157. 30 

IS, 193, 344, 81^ 

24,7*29,700.62 

6S,6S5,421,e9' 



13,097, 
8,269, 
3,^6, 
fl,297, 
7,309, 
5,700, 
6,008, 
7,607, 
0,296, 

10, SIS, 
9,393, 
7,976, 
7,952, 
8,(;37, 
9,0L4, 
9,449, 

9,061, 
10,280, 



462,65 
^9,75 

9^29. eo 

B22.04 
600. 7B 

627.25 

8iai3 
971.01 
499.96 
252.07 
286,60 
907.05 
318.84 
177. fi2 
t&l.tt 
1 13. 08 
17.04 



W. 474, 7.^. 3: 



8,17^.040 
2O,2»0,771. 
Sl,eSlH8ryA 
34,720,925, 
32,943,66U 
31,196,355. 
19,990,H92, 
20,018,627, 
21,612,00*. 
18,2ft5,&34. 
15,849,6&'2. 
15,000,482. 
14.700,029. 
20,273,702, 
16,867,217. 
17,087,859, 
10, 13?, 167, 
1^,994,842. 
15,181,053. 
15, 142. 108u 
15, 237, Silk 
17,288,ftT0, 
23.017,^1. 
18,527,670, 
17,572,813. 
30,81:8,1^1. 
a7, 243. 214. 
3S. 864, 714, 
26,836,7S2. 
24,314,518, 
26,4!^I,B17. 
25,ia4,8rta. 
11,780,092, 
22,483,600. 
22,935,^27. 
27,2i5tj82, 
5i,920,7H4, 
47,618,220. 
43,499,078. 
40,948,3«3. 
47,76I,47S, 
44,39t5,2.V2, 
47,743.9ft9. 
55,038,45."^. 
6«, 030,662. 
e8,72ti,350, 
67,634,40H. 
73,982,492, 
68,99it,599. 
63,200,875. 
66,6,50,213, 

46(9,670,211. 

7l8,73^1,L^ft. 

864,969,100. 



43,. 

^, 
14 

42 
24 

92[ 

4 

81 

60 

89 

SO. 

30l. 

64 

22 
le 
05 

63 

2G; 

54 
27 
Bn 
23 

S6| 
04 
24. 

'^t 
02 

19 

84 

44 

51 

14 
79 

09 
&'> 
39 
12 
41 
36 
09 
11 
71 
01 



•18,231.43 



a2.8(;5.8l 

""fi9,"7ia.'i9 
170.003.42 
420,498,64 

2,877,81*1.69 
87i*,Ot7,3<J 
aS6, 372. 90 
7Ui3,r>r2.39 
574,443.08 



84 
77 
66 

ohI 

tVf\ 

18 

83' 



1699,964.23 

693,060.26 

2,633,O4S.07 

2,743,771.13 

2,841,639.37 

2,677,126.01 

2,617,250.12 

976,032.09 

1,706,578.^ 

l,Kl8,a63.1l 

2,879,876.98 

fi, 294. '235. 24 

3,306,697.07 

3,977,206.07 

4,583,900.03. 

fi, 672,01 8, 64! 

2,^H,141.G2 

7,701,288,961 

3,685,479,26 

4,k;J.%21L12 

5,414,6&L43 

1,998,319,68 

7,60S,6fS,22 

3,807,304,90' 

CG38, 832,11 

17,048, 139,6ti 

20.886,753,67 

16,086,247,69. 

2,492.195.7:1: 

3,477.4!:*9.96: 

3,241,019.83, 

2,676,100.33 

507, 641. 01 1 

11.624,836.83 

7,728,587.38 

7,960,5^.24 

6,H7,60e.8B 

9,064,637.47 

9,80Q,SD4.77 

9,443,173.29 

14, fiOO, 629,48 

17,061,747,79 

1,239,746.61 

5,974,412.21 

328.20 

2i,"822'9i 

5,l»a,7ffl,79 

JO, 718, 163. 63 

3,912,015.62 

5,315,712, 19 

7,801,990.09 

3S9,0!:i64 

11,169,450.71 

7,536,3(9.49 

371,l(XJ.ai 

6,600,067.65 

13, 006, 922. 54 

12,804.478,54 

3,656, USi'). 14 

654,912.71 

2,152,293,06 

6,412,674.01 

17. 556, 896, »5 

6,^2,056.85 

3,614,618,66 

3,275,606.06 

7,505^250.82' 

14,6Jii,(U3.16 

13,85^1,260,00 

18,737,100.00 

96,097,322.09 

181,0Ml,f.3n.97 

430, 672, 014. 0;t 



13,797,135.78 
8.962,920,00 
6,479,977.97 
9,041,696. r 
10,161,240,16 
8,367,77684 
8,a;S,877.37 
8,58:1,618.41 
11.002,396.97 
n.^:^.KM.12 
12.273.376.94 
13,270,487.31 
11,268,983,67 
12,616,1 IX ?2 
13,598.309.47 

i^wi.iflfi.aw 

11,202,292.99 
16,762.702.04 
13,857,226.30 
13, 809, 994, 4« 
13.592,604.86 
n 279, 121,1.^, 
39,190,520.36! 
38,028,230.32' 
39,582,4^3.36: 
48,244.49.^611 
40,S77,6'i6,O4' 
3.'j^I04,»7.i.40; 
24,004, lB9,73i 
21,703.0^.86; 
19,090,672.69 
17,676,MJ2,63, 
16,314,171.00 
3l,H98,&a8.47| 
23,&*5.W01,72 
24,103.398,45 
22,656,764.01 
25,469,479,62 
26,044,368.40 
24,585,281.65 
30,038,44fl.l2 
34,356,698.06 
24,Z57,298.49 
24,6(^1,98144 
17.673,111,651 
30.8fW.lM.O4 
37,2[^\0;^7.15' 
39,4ri6.4;i8.3iV 

37.5H9:«;j6: 

28,226,533.81 
31, 797. 630. oa, 
32,906, 875, KI 
12,118,106,1.^ 
33,642,010,85 
30,490.408,71: 
27.632,282.90 
60.620,861,74 
60,66.5,143.19 
6fi,S»tl,422,T4i 
44. 60*, 718.2*' 
48,476,104.31' 
45,7l2,r-iW.K3| 
64, ,677. 05 1.74 
7.% 473,170. 75 
56,154.776.96' 
V2,r26.a4L57 
71,274.,'is7,37i 
>+2,0fl2,lH6.74; 
83.57«.642.9'2 
77,0V., 12.^.a^ 
8\3N7.3l3.08i 
566,667,563.74 
899.8)6.911.26; 
1,296. ,541, 114.861 



#973,906,75 
783,444,51 
753,661.59 
1.151,924.17 
516,442,ftl 
88^,996,42 
1,021,899.04 
617,461.43 
2, 161, 867. 77 
2,623,311.99 
3,295,391.00 
6,020,697.64 
4,826.811.60 
4,037,005. 2a 
3,999.388.99 
4,(^,123.80 
9,613,850,07 
9,941,809,96 
3,848,066,73 
2,«?2,276.67 
3,602.303,80 
3,862,217.41 
6,196,642,00 
1.727.M8.68 
13. 106, 502.86 
2*^. 033, 619. » 
14,9«H9 46fi.46 
1,478,526,74 
2,079,992,38 
1,198,461.21 
1.681,692-24 
4,237,427.66 
9,463,922,81 
1,1M5,597.13 
6.201,660.43 
6, 3.68, 686. 18 
6,668,286,10 
6,972,436.81 
5,7,65.704.79 
6,014,539.76 
4,,^j02,914.46 
2,011,777.56 
11,702,9016.31 
H,892.85&42 
26,749,803.96 
46, 7ft*, 436.00 
37,3"27,'iS2.e9 
36,891,106.94 
3it, 157,603.66 
29,963,163.46 
28,686,111,08 
30,621,979.44 
39, 1^4. 2&*. 74 
a5,742,H29.e2 
35,1'.M*,274.81 
38,21:11,969.66 
33.079,276.48 
29,4*6,512.45 
32.827,082.69 
3.^,871,759.31 
40, 15W, 3.^13. 25 
43,338,860.02 
50,261,901.09 
4H.,VJ1,073,41 
47.777,572,13 
49h10«.229.B0 
46,8t)2.8.\^00 
36,113,35^1.22 
33, Iflil, 248,60 
^-.N7:v ;.::,, -^ 

;J0. ■'■■:::.> 7. S3 
4js, ■.«.:., :i:.i.K7 
3f^6:*3,t>^[^13 
134,433,738.44 



Jantuury 1 to June 30, 1843. 



136 



BEI»0BT ON THE FINANCES. 
Table K. — Statement of the Disbubsementb of the Unitsd 



Yeu. 



War. 



NftT^, 



MkeellKneoiuii 









3. 295, 7m 3-J- 15, G06, &4». SB 



t42,5ea,s8a.iD 

40, BIS, U4, 17 



3.5ea,63g,8l3L2«' 
a3^e"21,7S0.07| 



717,561, 
a77, 



R16.31I 
991. 17^ 



-L 



103,369,211.42 119, eOf?, ^56. 01 
oS3,28fi.fll a 9,737, 87 



043,604.55433 1 
ana, 7^9. &i 



iBoe 

laeo 

UTO 

wn 

1§72., .*.... 

MflB., 

1174........ 

ism, 

WW.. 

1877 

1B7B 

Ijff79--. 

UW. 

1881 

leaa........ 

18M.- 

1885 

1888... 

1887 

1888 

1889.,„.... 

WW........ 

18W, ..,„., 
1802 .., 

i8es.„ 

1894... 

mo -. 

ia»... 

law 

18» ..- 

IBW., 

1900 

l»l.,.,,... 

MOfl 

1KB. 

1»4 

1«IG.. ...... 

iwe 

1907 

1908... 

Total 



1. 572.260, 092.351 
95. £M, 415.631 
123/i46,&J^.6a, 
78,501, Wa, 61 
57,665,^75.40 
35, 799, 991. B2 
35,372,157.20 
46,323,13^.31 
42,313,927.22 
4l,13D,&l.'i.9S 
Bg,0Ta,Bltf;.64 
aiT.tKKJpTl^SO^ 
32, 1&4, 147. S5' 
40,425,660.7a 
3AJ]6,916.22 
40.466.460,55 
43,570,494.19 
48,911,3H2.93 
30,429,fl(H.36l 
42,670,578.47, 
34,324,152.741 
38.661,025.8.5: 
38, &!£2, 43(1.11, 
44,435,270.85 
44,6«2,83e.08! 
48,730,055,01 
4d,i*95,45(1.8(*. 
49,641,77J.47 
54,667,^19.85 
61,604,759.13 
50, 630, 920. 8« 
49,950,2^.8$ 
9I,992,000.2Sr 
229,841,254.47 
184,774,7*7.78 

i44,eT5,e97.ao 

112,272,216,08 
119,619,520.15 
115,035.410.58 
122.175,074,24 
117,946,<«K.37 
122,576,465.49 
175.840,452.99 



717, 629, 
31, 0»], 
25,775, 
20,000, 
21, 780, 
19,431, 
21,249, 
as, 526, 
30,932, 
21,497, 
18,«6H. 
14.B&9, 
17,366, 
15,12.5, 
13,533, 
15,686, 
15,032, 
15,283, 
17,292, 
16, 0-21 , 
13,907, 
15,141, 
l«,92tS, 
21.378, 
22,006, 
26,113. 
29,174, 
30,136, 
31,701, 
28.797, 
27, 147, 
34,561. 
59,823, 
63,942. 
&6,9&3. 
ti0,5U6, 
67,803, 

► ea,ei8. 

162,356. 
117.650, 
110,471. 
97,128. 
118,037, 



808.56! 
OIL 04 1 
fi02. 72 
757. 97 1 
229.871 
027.21 
809.99 
256.79 
687.42 
626.27 
309.82 
936.36 
301.37 
126. »4 
9R4.74 
671.66 
046.26 
437,17 
60L44 
07*. 67 
887.74 
120.80 
437.65 
800.31 
206.24 
896.46 
139.99 
0^.43 
■299,70 
795.73 
732.39 
516.29 
994.90 
104. '/ft 
077,72 
978.47 
128.24 
034.181 
101.55: 
SOB. 18 
264.40^ 
469.36 
0tl7.]5 



103,422,498.03; 
4,642,53l.77j 
1,100,682.32 
7,042.923.06! 
3,407,939.1,5. 
7,426,997.44, 
7,061,728.82- 
7,951,704.88, 
6,692,462.09 
8,384,656.82 
5,966,659.17^ 
5,277,007.22 
4,629,280.28 
5,208, 109. nej 
5.945,4.^7.09 
6,514,161.09 
9.736,747.40 
7,362,590.34 
6,475, 999. 2»| 
6,662,404.63^ 
6,090, 158. 17i 
6,194,622.60; 
6.240,307.871 
6,892,207.781 
6,708,046.67 
9, 527. 4®. Oil 
11,150,577.671 
13, 345, 347. '27! 
10,293,491.521 
0,939,754.21 
12,165,528.29 
13,016,802.46 
10. 9W, 667. 70 
12.806,711.14 
10,175,106.76 
10,^6.073.85 
10,049,584.86 
12,035,168.03 
10, 433,350. OS 
14,236,073.711 
12,7*6,959,08, 
].\16S,fi08. 
14,579,75.5 



1,08, 
i.41 

1, 7a 



119, 617,393. 98^ 
aO,B!36.55L71 
23,792,386.781 
28,476,621,78 
28,340,202.171 
2M,443,8^J4.S& 
2^,633,402.76; 
29,359,426.86: 
29, 0!k«, 414. 661 
29, 45fi,21«. 221 
2i:(,L^7,396.69! 
27,063,752.271 
27.137,010.08^ 
35,121,482.39^ 
56,777,174.44 
50,050,279.62^ 
61,315,193.95^ 
66,012,573.64 
55, «Z9, 228.06^ 
50,102,267.49^ 
63,404,864.03^ 
75,0'.;9,101.79 
80, 2SH. 509.771 
87,6^4,779.11: 
106, 936, 955. 07^ 
124,415,951,40 
134.583,052.79 
150, 3.57. 657, H7 
141,177,3H4.96 
14J,3!ln,228.97, 
139,434,000.98 
141,053,164,63 
147,452,368.61 
139,394,920.07. 
140,877,316.02' 
159,321.1621.99 
138,498,559.73; 
I38,425,&ifi.07' 
1 42, 659, 2f id, 36 
141,773,964.57 
141,034,561.77 
139,3IJI9,614.31 
153, 89-2, 467. 01 



644.323,323.85 
51,110.223.72 
53, 000. 867. €7 
6(i.474,0S1.53 
53,237,441.56 
00,481,916,23 
60,984.757.42 
73,3"^. 110.06 
85,141,593.61 
71,070.702.98 
73,590.661.04 
58,9'2«i,532.53 
53. 177, 703. 57 
66.741.656.40 
51.713,629.76 
64.416,S24.71 
57,219,7£0.99 
08,6^,022.21 
70.020,40. 70 
87, 404,^8.88 
74,166.929.86 
85,264,825.60 
72.962,200.80 
90,664.004.26 
81,403,256.49 
110.048.167.49 
99,941,983.01 
103,73(2,799.27 
101,043,884.07 
93,270,780.14 
9^,210,334.113 
90, 401. 287. « 
96,520,606,17 
119,191,255.00 
10,'>, 773, 190.16 
122,^1,003.10 
113,469,823,91 
124,944,289.74 
180,766,702,02 
146,952,549.68 
162,273,846,17 
180,244. ^.fH 
175,420,408.67 



6, 566, 243,999. 79 2, 324. 910, 616. 27 469, 403, 690, 60;3, 793, 422, 444. 11 4, 478, 803, 806, 14 



I 



aOutiitaDding 
NoTK.— This statement is made from warrants paid by the Treasurer up to June 30, 1866. The 



SECBETABY OF THE TKEASURY. 



137 



States fbom March 4, 1789, to Junb 30, 1908, etc. — Continued. 



Yetr. 



Intef^t. 



Net ordlnftry 
dtibuKcmenU. 



PreDLioms. 



Public debt. 






Balance in 

Tre*surv at 

the enn ot 

the year. 



1966 



1«67 
1068 

1S70 
1B71 
1^72 
IhTd 
Ii74 

1A76 

W» 
IS79 
18S0 
1881 

imi 

IBM 
188& 

im 
mn 
tm 
im 
imQ 
imi 

1W2 

im 
im 
in« 

38W 

Iff? 
isos 

1M» 
1900 
1901 
190y 
1903 
19f^ 
19Q& 
1906 
1«D7 



177,^96,090.30 
IS3. 007. 624.91 



ii,2»5,aoa,2g«.«6 n. 717,900. 11 teoe,ei6,icL,4^ 

519, (m^ 3M. ^ &S, i76. &1 fi20, 263, ^HT- 10 



^,^00,433,331.37 



133.933,557,89 
lG5,301,6M.Te 



502, 089, 519. 37 
a2,8B8.4« 



6,{5a&,46U0fl9.70 
aj,4JS4.4M.72. 



7, 611, W3. 5fiX 374,077, 103. 12 
.„.J oioo,ai 



8,037,749,1 76. Sa 
a4,4JM,A5^.0e 



0^,484,556.09 



5O2.(>B2,40f7,7.'i 
143,781,^1.91 
l40,lJI,t>li,7] 
l30,(t'.M. Jli? W3 

n7..v-.:.>;iu.72 
ii>i,:.TU,tii5».44 
1D7,119,SL&.21 
]0a,O93,6i4.ft7 
100,243,271.23 

lQ2,.'iOO,!$74.6& 
10»%a:;;7,JMS,0U 
B&,7ft7.575.11 
^5U«,74M« 
71,077,206.7*1 
50,160,131.^1 
64, 67ft, 378. 48 
61,3186, 256. 47 
60,6^0,146,07 
47,741,577.26 
44.716.007,47 
4l,Wl,4lil.25f 
36,09*.2H4.0& 
37, M7, 13^.371 
23,378,116.23 
27, 264. 3iri. 18 
27,]^],4D6,4i4 
30,978,090.21 
35,385,028.93 
if, 701, 110.48 
17,606, 06^23 
«9, 896,026.02 
40.160,3^.27 
S2, 342. 979. 04 
2U. 108. 014. 82 
28.556,346.82 
y|, 046, 489. 81 
24.690,944.10 
^906,570,27 
M,4aiJ5a.S4 
21,436, US. 21 



5,659, 946 J^.42| 
346,7'^,:!36.7aj 
370.339. 133. »2 
3^*1.190,507.76' 
,i93,667,(KKi.l6 
23^3,160,393.61 
270,&aO,69A.9l 
286,239,325.3* 
U0l,23»,B00.2t 
274,tflK4,392.84 
2S5,101,0&4.59 
241.3ft4,474.8fti 
236.9(>4,326.Hy. 
2^6,947.883.63. 
204,847,637.36 
2i'f9.661,6;*8.ei 
267,981,439.57. 
265,408,137.54, 
244,126,244.33. 
260.226,936.11, 
242.48^,138.50. 
2h7,0!K;, 179.97. 
2;MJ.653,958.07 
2i:il,9Dtl,fl]6.60 
297,736,486.60 
^W. 372, 681 741 
3'i.'^,033,330.58. 
383,477,964.49. 
367,6!J5.279,B3;. 
856,196,290.^', 
3ft2,lT9.4l6,06 
3^,774J6S.67|. 
443,368,582,80. 
605,072, 17#.85. 
4W7. 713, 791.71; 
609,967.553.15 
471,191). 867. ly 
506,Og<9,007,W| 
582,402.321.31 
667,278,913,46? 
668,784, 799. 4]«^ 
678, SOS, 747. 76J 

6W,i9a,»i9.ae 



7,611, 
10,813. 

7,001. 

1.674, 
16.996, 

9,016. 

6.958, 

6.506, 

1,395, 



008.5012. 
^9.3Bi 
151. ai 
680.05 
.'i55,[iO 
794.74 
2116. 76 
919.99 
073. 5fi 



2,796, 
1,061, 



320.42 
243.78 



8,270, 
17,29"^. 
20,304, 
10,401, 



84246' 
3fiJ.G6 
224.06 
220.61, 



33, 147, 
14,649, 
14,043, 
10,907. 
1,267. 



,.l 

054. sr 

391. 14! 
119.821 
678.01 



J. 417, 
226, 



479.63 
096,97: 



874,677,20a,43' 
736,536,9^0.111 
092,649,086.881 
2G1,912,718.31 
:w:4,264,'2S2.l3! 
399,603,670.65 
40t\007.307.54 
233,699.31)2.68 
422.065,060.23 
407,377,402.48 
449.346.272-80 
323,965,424.06 
353,676,944.90 
699, 44.% 809. 16 
4Xi,590.2S0.4l 
166, 152,335.4^' 
271,646.299.561 
600,0(^,829.961 
260,520,690.60 
211,760,358.43 
206,216,709.36 
271,901,321.16 
249,760,268.06 
318.9^2,412.35 
ai2.206,8«7.&0 
3fi6.352,470.87 
338.995,968.98 
3819. 630,044.60 
»il,383,2?2.96 
354, 276, 868. 93 
396, 1 Ml, 023. 35 
3,^,180,877.60 
384.219,642.00; 
341,149,968.98, 
36%6»2,27L2&I 
212.620,707.78 
74.006,896.00 
108,569.394.00! 
52,181,296.75 
12,6*W,67J.30; 
66,304,111.80 
83,709, 7m 00 
85,5^,760.00; 



S,W2,2S3,731.41 
1,093,079,666.27 
1,069.«S(9,970.74 
581,777,996.11 
702,907,^2.88 
091,680, 858, DO 
6ft2t525,270.2] 
524,OU, ^97. 91 
ri4.698.933,!^ 
682,(100,885.32 
714.446,357.39 



160.817.099,78 
198, 076, 637. OB 
158,936.082.87 
183,781,9^.76 
177.604.116,61 
138,019,122.16 
134,666,(]0l.fl6 
159,293,673.41 
1 78. h33, 339.64 
172,804,061.33 
149.909,377,21 



566,299,898.91 214.887,645.86 
590,641,271.701 286.691,463,88 
966, 393, eiVfl, 691 386, 832, SBA. flO 
700,233*238.191 231,9^0,064,44 
426. 866, 222. 64, 280,607, 668. m 
629, 627, 7i^. 12 '276. 450, 909. 68 
866,491,967.60 374, 189, OBL 98 
604,646,984,83 424,^1,403.07 
471,9ftf7,288.64 621,794,026.36 
447,699,847.86 5^6,848,766.46 
539, 83:^, 60]. 12 512,851,434.36 
5l7,0»5,O59J8 669,449.099.94 
618,211, 390. 60 673, 399, 118. 18 
630, 247,078. 16; 691, 5-i7, 403. 76 
731, 126, 376, 22j 726, 222, 332. 60 
634,019,289.56 778, 604, 339. !» 
773,0(y7, 998.99 738,467,556.07 
69fl,90ft,55'-L?8| 763,565.540.76 
710, 47A 157. 22 773, 610. 008. 76 
748. 369. 469, 4a 846. 093, 3^49. 62 
718.965,037.07 864,790,237.71 
8'27, 5S8. 124. 80 776. 7M . 368. 11 
&t6.222,li8.83 8(;7,980,569.40 
886. 4^13, 1 17, 77 1 .069,33«i,a49. 66 
737, 237, 693. 88 l.I28,70-2,603, 3S 
659. 24] . 146. 78 1.221,259,699. 66 
620. 675, »20. SO 1 ,310,006,031 . W 
636, 84 1 . 196. 07 1 ,328,972 .0201 68 
679. 959, ^-aftl. 75 1.316,579,270. 63 
625. 606. 390. ^ 1.403,908.212. 91 
efi2. 898. 586. 72 1,610,66.'J,977. 09 
694 , 736. 069. 68 1 . 722,947. 'H^ 21 



|8, 191,816, &47. 78 20,824,601 , 403. 59;201, 346, 305. S&'l6,fl91,31 1 ,983, 50 86, 717, •^'iS,692, 97 

'If I 



wanmnts. 

outitandlng warrants are then added, and the statement ia by warrants i99ued from that date. 



nth 



llMNM<r ON XWV VINVXCBS. 



1 \« w \ 



^SA.rXHW^N^ NrxvvVVM 0> KVV^'"*^ ^N^^ KXPKNDITURES OP THE PoflTT- 

«»^,xtvMvVt >«voV 1. i\ \. 'v^is V .\vt51V l^W, AS Shown by Report of 






v^^vHH^. 









iVJv 

iSJA 

I'M' 

iAVI 



Ms>AMir> (milts. 



IK 
U. 

b^ 

7 
7. 
i, 
J*. 
M. 
8. 

n 

12. 
M. 
H. 
15, 
Iti, 
IS. 
19, 
2(), 
21. 
22, 
26. 
2r», 
2H. 
27, 
29. 
»U, 

%. 
11. 
4.'). 

4:), 

•12, 

4:j. 

4S, 

w. 
ft<;. 

(iO, 
6r». 
70, 



7(1, 
H2, 
H2, 
H«J. 
9."). 
lc>2. 
111. 
121 
VM 
MA. 

i:>2. 
ir.7. 

K% 

191. 






\.. !»». -• 

■V, Nil. SO 

\>u, v^ «t ■ 

>KK?J».70 
2.'k.\;^>.22 
v.»2, i:w.i3 
tf-v.s2i.e><» I 

H.\S,ftM.7G ! 
4S»i,7i>2.H6 
IHW,4HI.07 ; 
.•>18.(M57. 40 
:U9.296.40 ! 
299, K20. 90 
H3.789.59 
438,25:1.78 
ftTHi. 158. 70 
4;W,986.21 
297, 026. S7 
292,600.80 
:i41.510.72 
772, 220. (^ 
(W7,04o.42 
915.426.37 
^.,711.57 
471.071.82 
791,360..*)9 
61 1, 197. .50 
.'»;n.. '185.26 

J16.9.> I 
(MI.»<2..S6 ' 
31.5. 179.34 
78.'>. :W7. 97 
876.410.15 
.•i08. 692. 61 
32:». 9.58. 81 
.ViO.HlU.KJ 
918. 422, a5 
KM, CAfX 39 
695. n*). 79 

175.011. 18 
M2. W!. 92 
931.78.S.72 
9:{(»,475,98 
'*9ti,9l»3. 16 
USO,479.0l 

983. 128. 19 
199, •Aix. 10 
«"4w). 462. 73 
(»12.61S..V> 
(LM.:t8|. 17 
3.M.579.2*.» 

rKn.iw.39 

MS. 017. 26 
221.413.21 
.5S2.624.3I 
SA's .'vKS. 10 
i«32, 782. 9.'> 
.58r>.(Ki6..=>7 
I7M.WW.41 



KS2,657.(K) 



750, 005), 00 
12,500.00 
126. 001). 00 



1,741, 
2. 255, 
2,736, 
3,114, 
3,748, 
4,528, 
4,679, 
3,915, 
11,1.54, 
4.639, 
2. 598. 
1,007, 
749, 
'3, 

*** 3,991', 
.5.696, 
5,707, 
4.022, 
4, 126, 
4,993. 
5,990. 
5,922, 
6.701, 
5.0.S8. 
7.013. 
5,»»7. 
3,297, 
3.597, 
3.2l»7, 
6, 
21, 
140, 
6,0('»6, 
8.751, 
4,716, 

3.:j^, 

.5.715. 
6, UiO, 
4.411, 
6. 2«»0, 
6. 727, 
10,-2tK), 
9, 872, 
8.S30, 

I2.i:w, 

9,341, 
7, 902, 
6, 250. 
4.C101. 
2,4W, 

3.7.->:i, 
7,6;n. 

14. Wl, 
11.071. 
7.621. 

6l3.(.»:r>, 



444.44 

oou.oo 
748, St; 

542.26 
88L56 
0OJ.*S7 
270,71 
946.41) 
167.54 
806.53 
953. 71 
M8.72 
980.00 
968.46 

666. 67 
525.00 
11.5.:W 
140.85 
200.00 
7.W.00 
475.00 
433.55 
646.96 

;>8:$.o:) 

300.00 
»>52.82 
9»y>. 25 
717. 20 
921.46 
.595. 12 
416.85 
690. 79 
478.00 , 
070.73 I 
167. (m; 
441.70 
017.89 
Ot)0.lK» 
772. 08 
2:«. M 
828. 43 
895. 13 : 
9»i2. 5;^ 
600.66 i 
392.88 I 
258. SI I 
010. .58 
019. 95 
345. 17 
6:«).34 
9.V>..'i0 ■ 
S.'?7.43 

(VS8. 4r> ' 

65S.22 I 
439.99 
430. 16 



Ti>itt!. 



I4.U5, 
4,238, 

4.543, 
4,J*9Q, 
4,546, 
4,29e. 
*.237, 
^>i2S9. 
4,237, 
3,8^J, 
4,680, 
4,705, 
5,49y, 
ft, 410, 
fi,925, 
7,49.% 
M,992, 
0,756. 

m,t^ 

ll^ K£ 
ll,fei>4. 
19,672. 
12,989, 
10,898, 
12,171. 
13,188. 
14,560. 
14,436. 
19,288, 
21.989, 
24,051. 
2:^,794, 
24, IfW, 
26.909. 
28,987. 
32, 39:1, 
33. 49ti, 
33, 732. 
34.544. 
a4,.5s.S, 
33.339. 
36.913. 
40.08:1, 
41,83:1. 
4r>, .S30, 

43. m\, 

48,627, 

.52.699. 

.53,.'>S;j. 

66,(t81. 

61.920. 

66. 9v2. 

70.373. 

77. 190. 

82. «;24, 

8.V2S1. 

86,856. 

91.329. 

94,798, 

98, :153, 
102.923. 
108. 6(M, 
11.5.632. 
124.3:18, 
l:i7,978, 
151.214. 
167.758. 

179, a>4. 

191.209 
204.. 514, 



KxpendJ tiire9.a 



660.21 
6WwO 

225.41 
2»7.S3 

uum 

199.35 

«oy,23 

21!, 10 
170,28 

604. 3a 
97LM8 
^24.70 

7(^.22 
956.43 

0(^\. hi 

102.93 
774.61 
638.31 
233.78 

127. 16 
986.21 
693. M 
126.80 
626.02 
361.50 
245. 42 
176.37 , 
216.57 ' 
505.37 . 
007.65 
780.63 
885.26 
169.77 
94S.11 
196. 54 
:119.43 
005.27 1 
109.46 , 
W9.60 I 
316.83 I 
49:1.68 ' 

6.45 
618.49 
629. 07 
W7.92 
.567.80 
708. 62 
761.. t9 

374. 17 
090.72 
808.96 
a56. 61 
877. 3i> 
424. 75 
599.24 
538. ,V, 
682. (X) 
39S. 74 
461.77 
273. fw, 
341.17 
4 15. .V, 
093. .57 



t3,2S8,319.0S 
4,430.662.21 
4,G36,536.S1 
4.718,235.61 
4,499,627.61 
6,674.TE>1.^ 
4,374,763.71 
4.29i^5tSL70 
4,aLX>,73J.9f^ 
4,QI76.0S&91 
ll,9Tl»,542.10 
4, 3-^. 660.27 
1,47^.04^15 
R, 312, 953, 43 
G,27»,401.6a 
7,10S.450.04 
7, 9*i:?, 756.fi® 
8,577,421.12 
9,968,91^29 
10,4O\2Wk8fi 
U,fiOH,057,9a 
I2.7i>.470.01 

19,170,609.89 
13,606,769.11 
11,125,364.13 
11,314,207.84 
12.614,786.20 
13.694,728.28 
1.5,3.52,079.80 
19,236,483.46 
22,730.692.66 
23.698.131.60 
23,998,837.63 
24,390,104.08 
26,(i58,192.31 
'29,084,946.67 
32,1*26.414.68 
83,611,309.46 
83.-2lV3.487.68 
33.48ii,322.44 
34,165,084.49 
38,119.899.45 
36, .512. 803. 68 
39,592.566.22 
40,482.021.23 
43, -282, 944. 43 
47,224.660.27 
50.046,236.21 
61.001,743.80 
5:1.006,194.39 
66,468.315.20 
62,317.119.36 
66. -259. 647. 84 
73.059,619.49 
76,980.846.16 
81.581.681.33 
84.994,111.62 
87.179.651.28 
90,932.669.50 
W. 077, 242. 38 
IW, 03:1. .523. 61 
101.632.160.92 
107,740,267.99 
115,.'».'>4.930.87 
121.78r>.697.07 
138.784.487.97 
1 52, :W2. 116.70 
167.399.169.23 
17S. 449. 778.89 
1<«0. 2:18. 28a 34 
•208,3.'»1.886.16 



• Iii(lii«li'<<'xp<'n(litun'»nuu!o during the v«'iir for the cum'ut and prior fiscal years. For details 
8oc1'.»0'<. K*.M' \mg(i 28 of tho ri*iM>rt of Aiulilor for Post-omcM- I)<»jMirtiiU'nt. 

*(frjiiitii frurij iht- Tr«*H.«*ury. as mIiowii »)y Auditor for INHt-Ollicf Dvpartmotit $i:i.0:i.'>,430.16. 

Net KraiitN paiil from TreaMiry In 1908 12,888,040.94 

DifTt'rence 

Being amount reiMiid to the Treasury in 1908 from balanri>H of prior yean. 



147,389.22 



SECBETARY OF THE TREASUBY. 



189 



Table M. — Statbmbnt of the Coin and Paper Circulation op the United 
States from 18^ to 1908, Inclusive, with Amount of Circulation per 
Capita. 



Yeftr. 



Coin, iDcltid- 

lug biiHioti Id 

Treasury. 



Halted BtAtei 
bank Doiefl. 



Total money. 



Coin I bullion, 
ana paper 
money Jn 

TnsxQfy, an 



Clr^olAtJon. 



Fofnila- 

tfOQ. 



Clreu- 



capita. 



ISfiO, 
1861. 

1^02.. 

ia»*, 

iBQfi. 
1807.. 
ia68. 

i8a». 
iwj. 

1871. 
187A, 

jffra. 

1877. 

llfTV, 
1880. 
188K 
1883. 
1A83, 



1487. 
1888. 
I8M.. 
18W. 

ini. 

18£. 



I8V7, 



1901. 

1903. 



IftOI. 



8333,000,000 
ASUOO.OOtt 

2fi,oo[},ooa 

a5* 000,000 

:^^,oot».DO(> 
as,ooo.ot« 

25,000,000 
2.%000,000 
25,000, «»> 
■/6, 000. 000 
2^,000,000 
2f>, 000,000 
2f», 000,000 
'A 000, 000 

65,H37,50C 
10li,m7,007 

357,a6§.ns 

1147,068,6^2 

7Q»,8r74,839 

78ft, 740, cm 

«H, 068. 939 

«7;f.l75,>*^i 

00^,0/?,;^ 

1,007.513,901 

1,09(2, 33»1,«9Q 

1,100.«12.4^ 

1. 152. 471,fl;« 

lJl2,a%.G37 

1, lai, 142, 260 

l,098,y6N,74t 
l.ll4,R9yjO« 
1,097, BU\ 190 
l,21?t.7W,Mt 

i,ay7,7tt&,iwa 

1,508, Ma, T^ 

1,71k, 861, 774 
I,ra9.»l3.5fil 
I,y0f'jl6,32l 
l,!m.dlO,02i 
2,B31,29<>,042 

2, IM, 797,215 
2J5$»J03,301 

a,a;s8*7e7,087 



8007.102,477 
2O2,00fV,7fi7 
33il,+W,(»79 
64$,Sd7,2fia 
6S0,6»S,067 
743.139.755 
72S.327,254 
70a,200,«12 
601,553,578 
640. 331. 1§0 
f®7.8tl«,46l 
710,^12,174 
737,721.505 
749,445,ei0 
781,024,781 
77:i27S,B09 
7a»,2*M,550 
6S>7.21fl.341 
fi«7, 743,0^ 
670.372,713 
<?il,lW,443 
70l.7/a.flai 
Ta-i, 423,050 
702,764,297 i 
080, 180.899 I 
(k>5, 2.i7. ?/7 I 
6,V*,3.W,47I) 
625.H4)^,1KM I 
599. 019, 337 i 
ft-^ief^OnS,*?* , 
ft32,firvl,7ai 
504.S:t7.4O7 
0-21,076,937 
672,586.116 
70fi,r20,220 

, 704.460.451 
702,3*>4,S43 
fi92,21ti.330 
676,7«fi,473 

I 6Rl,iirp0.167 
73a..HS,4fiO 
74fi.20i*,203 
733,:Hft3.107 
779, 5 W, 600 
ftOrt,aW,lll 

i S&1.^13.R22 
9tM79.376 
950,4^7,700 

1,049, 996, 9Sa 



1411102,477 

4fl2,00i%767 

358,452,07& 

674,*ifi7,2S3 

705,568,067 

770,l2L>,75o 

754,3^i7.^i&^ 

728,300,612 

7lO,5o3,57*^ 

713,351,1^ 

722,868,401 

741,812,174 

762,721,505 

774,4l.=i.6]0 

806.024.781 

7ft&, 273.^09 I 

7B0.68S.2iH i 

76S. 053.847 . 

789, 7B0. 976 

l,033,ft40.891 

Ul«.\&'*iO,3'27 

l,349,AO-J,37S 

1.409,»97,8Sft 

1, 472. 4 W, 345 

l.487,249,S38 

l,fia7,4:i^l.B&0 

1.601,407,774 

I.«a3,4l2,70a 

1,691,41], 027 

l.&&fl,e7a,413 

1,685,123,429 

1.677. 7^1, OU 

1,752,219.197 

1,73^.808.473 

1,805,078.961 

1,81 9.^-^,557 

1,799,975.093 

].90&,996.ftl9 

2,078,&74.442 

2.190,OtK*.«05 

2.3S9,7(10.673 

2.483.067,977 

2,fi63,'2t.a,(55e 

2,684,710.987 

2,»(K1,^.136 

2,«83.109,864 

3,009,ti70.,'i51 

3.115,^61,007 

3.378,764.020 



^.890,2^ 
3,600,000 
33,7H^S 
79,473,245 
35. 940. (^ 
55. 426. 760 
80, 839, 01 
06, 20H, f>i3 
36, 449, 917 
50.898,269 
47,665,667 
25,92:1, ltJ9 
24,4l2»0in 
22,663.801 
29,941,750 
44,171,562 
63,07^,890 
40,738,964 
60,6^8,342 
£l6,009,0y8 
2U.H58.W9 
235,954, 254 
285, 107,470 
242,l!8,64t 
249,328,809 
244,8^,995 
808,707.249 
aiS.n3.502 
319.270,157 
278.31 0.764 
255.^72,159 
I80,353.SKJ7 
150,872,010 
H2,1C7.22? 
144,270,2.'i3 
217.391,084 
293, MO. 067 
26.5,787,100 
'2:i.5,714.fi47 
286,022,024 
2M.M9,075 
307,760,015 
313,876,107 
317,018,818 
284,361.275 
295,227,211 
333.329.963 
942,604,552 
840,748,^ 



#485.407,252 

448,405,767 

^i, 697, 744 

695,394,038 

669,641,478 

714,702,995 

673.4^8.244 

661.992,009 

580,1€3.661 

I 664,452.091 

675.212.794 

715.889,005 

I 738,309.549 

751,881,809 

i 776,083,0«t 

' 7H 101,917 

i 727,609, 3**^ 

I 722.314,883 

' 729.1 32, 6S4 

818,631,793 

I 973,382,228 

1,114,238,119 

11,174,290,419 

11,230, 805. 696 

1,243.9-25,969 

11,292,568,615 

il, 292,700,526 

■ 1,317,539,143 

1,372,1 70, flTO 

1,380,361.649 

1.429,251,270 

1 1,497, 440. 707 

1.601,347,187 

'1,596.701,245 

1,660,808,708 

1,601,91^^,473 

; 1, 506. 434. 966 

1,640,2(19,519 

11,837,8,59.8% 

il.9f>l,07l,8W 

L>,0S5. 1,50,999 

; 2, 175,307,962 

ia.'J49,aOl),55l 

2,307.6^2,169 

2,519,142,860 

2.^87,882,653 

2, 786, 646, 6!^ 

i2,772,966,4fi5 

IS, 0^015. 188 



81,448,321 
32,064,000 
3-2. 704. 000 
33,365,000 
^.046,000 
34,748,000 
35,460,000 
36.211,000 
36.973,000 
37,766,000 
88,55«.»71 
39,555,000 
40,596,000 
41,677,000 
42,796,000 
43,951,000 
45, m, 000 
46,353,000 
47,59^,000 
«4.866^Q£K) 
50,155,783 
51,3ie,000 
52,495,000 
53,099,000 
54,911,000 
56,148,000 
.57.404,000 
58,680,000 
59.974,000 
61,280,000 
62,622.250 
63,^7,000 
65,191,000 
66.4'j6,OO0 
€7.740,000 
69.O4SJ.O00 
70.305.000 

i 7l.7lM.0O0 
73.<]OO,OO0 

} 74, 433, 000 
76,2'.J5,22U 

I n, 754. 000 

79,117,000 
80.487,000 
8l.St>7.0lKi 
83,200.000 
84,662,000 
86,074,000 
87,496,000 



flS.85 
13.98 
10,23 
17.84 
19.67 
2»,57 
18.99 
18, '28 
18.39 
17,60 
17.51 
18,10 
18.19 
18.01 
18.18 
17.16 
16.12 
15.58 
15.32 
16.75 
19.41 
21.71 
22.87 
22.91 
22,66 
28.02 
21,82 
22.46 
22.88 
22.03 
22.82 
^.42 
2156 
24.03 
24.52 
'23,20 
21.41 
22.87 
'i5. IB 
25.56 
'20.94 
27,96 
28.43 
29.42 
30.77 
31.08 
S2182 
^23 
84.72 



Note 1.— Specie payments were suspended from January 1, 1862, to January 1, 1879. During the 
freater part of that period gold and silver coins were not in circulation except on the Paciflc coast, 
where, it is estimated, the specie circulation was generally about $25,000,000. This estimated amount 
if the only coin included in the above statement from 1862 to 1875, inclusive. 

NoTB2.->In 1876 subsidiary silver again came into use, and is included in this statement, beginning 
with that year. 

NotkS.— 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 appro- 
priate kinds of money is held in the Treasury, and is not included in the account of money held as 
asKts of the Government. 

Note 6.— This table represents the circulation of the United States as shown by the revised state- 
ments of the Treasury Department for June 30 of each of the years specified. 

Note 7.— The Director of the Mint recently made a revised estimate of the stock of gold coin, and, 
as a consequence of such revision, the estimated stock of gold in the United States and of gold coin 
in circulanon has been reduced $135,000,000 in the figures for 1907. 

Note 8.— The details of the foregbing table, showing the amount of each kind of money in circula- 
tion each year since 1860, are omitted; but they may be had upon application to the Secretary of the 
Treasury, Division of Loans and Currency, where a circular covering information on the subject has 
been piepaied for distribution. 



140 



REPOBT ON THE FINANCES. 



Table N. — Statement of United States Bonds and other Obligations Received 
AND Issued by the Office of the Secretary of the Treasury from November 
1, 1907, TO October 31, 1908. 



Title of loan. 



Received for 
transfer and 
exchange. 



Five-twenties of 1864 (act June 30. 1864) 

Five-twenties of 1865, consols of 1865 (act 

Mar 3,1865) 

Five-twenties of 1865, consols of 1867 (act I 

Mar. 3, 1866) ! 

Funded loan of 1881, five-per cents (acts j 

Julyl4.1870,and Jan. 20,1871) 

Gold certificates, series of 1888 (act July 12, i 

1882)... I 

Loan of 1904, five per cent (act Jan. 14, 1875)..' 

Gold certificates, series 1900 (act Mar. 14, 1900) 

Consols of 1930. 2 per cent (act Mar. 14. 1900) . . ; $88, 357. 950 
' Loanof 1908-1918. 3 percent (act June 13. 1898). 18,529,280 
Funded loan of 1907, 4 per cent (acts July 14, 

1870, and Jan. 20, 1871) 

Refunding certificates, 4 per cent (act Feb. 26. 

1879) ' 



Received for 
redemption. 



Loan of 1925. 4 per cent (act Jan. 1 4, 1875) 

Panama canal loan, 2 per cent (acts June 28. 

1902, and Dec. 21. 1905) 

Certificates of indebtednesit, 3 per cent (act 

June 13, 1898) 



Total- 



29.607,100 : 
18,187,?20 
370,000 I 



$1,000 

13.400 

500 

1,100 

385,000 

23,8.t0 

81,470.000 



3, 151, 160 
l.«120 



1,500,000 



Issued. 



Total trans- 
actions. 



$132,740,000 
88.357,950 
18,529,280 



29.607.100 
42,819.700 
15.806,500 



155,052.050 86,547.120 I 327,860,580 



$1,000 

13.400 

500 

1,100 

885.000 

23.850 

214.210.000 

176,715.900 

87,058,660 

8,151,150 

1.120 
50,214,200 

61.007,420 

17.676,500 



569,459,700 



Table O. — Statement Showing the Aggregate Receipts, Expenses, Aveeagb 
Number of Persons Employed, and Cost to Collect Internal Revenue in thm 
Several Collection Districts during the Fiscal Year ended June 30, 1908. 



Collection districts. 



Alabama 

Arkansa.s 

First California 

Fourth California 

Colorado 

Connecticut 

Florida 

Georgia 

Hawaii 

Firstlllinols 

Fif til Illinois 

Eighth Illinois 

Thirteenth Illinois... 

Sixth Indiana 

Seventh Indiana 

Third Iowa 

Fourth Iowa 

Kansas 

Second Kentucky 

Fifth Kentucky 

Sixth Kentucky 

Seventh Kentucky... 

Eighth Kentucky 

Louisiana 

Maryland 

Third Massachusetts. 

First Michigan , 

Fourth Michigan — 

Minnesota 

First Missouri 

Sixth Missouri 

Montana 

Nebraska 

New Hampshire 

First New Jersey 

Fifth New Jersey 

New Mexico , 







Average 




Aggregate re- 
ceipts.a 


Expenses. 


number 
of per- 
sons em- 
ployed. 


Cost to 

oollect 

$1. 


$C10,904.43 


$37,926.69 


17 


•0.122 


105,511.18 


26,871.88 


11 


.256 


5,801,465.16 


158,927.38 


41 


.027 


612,888.24 


41,429.32 


12 


.064 


685,424.34 


29,062.46 


16 


.042 


1,834.346.69 


42,659.62 


22 


.02$ 


1,058.036.75 


22,294.08 


15 


.021 


419.269.59 


57,392.86 


25 


.187 


56,878.14 


10,985.48 


6 


.19$ 


7,859,392.06 


94,846.39 


89 


.012 


28,481,340.69 


161,417.28 


21 


.006 


9,291,010.31 


72,092.66 


21 


.006 


491,101.91 


17,874.02 


10 


.096 


10,577,953.42 


90,423.52 


21 


.009 


15,968,799.97 


99,179.33 


22 


.006 


427,371.49 


19,854.68 


12 


.046 


506,353.56 


21,892.59 


16 


.042 


323,725.20 


22,341.14 


12 


.069 


2,479,952.98 


98,360.97 


20 


.030 


15,209,340.76 


309,068.06 


81 


.020 


3,559,108 05 


95,496.85 


17 


.027 


3,332,577.47 


151,817.09 


18 


.046 


2,293,606.28 


121,677.35 


23 


.053 


5.206,645.98 


52,467.18 


17 


.010 


7,046,596.41 


154,470.69 


87 


.022 


4,311.892.39 


84,485.04 


29 


.020 


5,333.055.64 


39. 898. 12 


21 


.007 


851,445.21 


17,677.96 


18 


.021 


1,812,788.97 


40,953.01 


28 


.02$ 


7,897,604.68 


69.442.35 


27 


.009 


1,436,957.01 


63, 123. 90 


17 


.087 


644. 864. (i6 


24.941 87 


13 


.099 


2,124,035.80 


46,837.37 


19 


.022 


483,144.64 


20,828.37 


18 


.012 


403,602.80 


18,095.74 


8 


.015 


6,566,290.62 


39,942.93 


26 


.006 


105,209.81 


14.466.69 


6 


.188 



a Baaed on reports of collectors. 



SECRETABY OF THE TREASURY. 141 

Tablb C— STATnccNT Showing the Aooregate Receipts, etc. — Continaed. 



Colleotton districts. 



Pint New York 

Beeood New York 

TUid New York 

Floaiteentli New York 

Twentr-Ant New York . . . . 
Twenty-eifhth New York . 

Floarth North OuoUna 

rtfth North Guoliiia 

North and Sooth Dakota . . 

FimOhio 

Tenth Ohio 

BerenthOhio 

SIfhteenthOhio 



Oiecoo., 
PlntPei 



t PenosylTania 

Ninth Pennsylvania 

Twelfth FennsvlTania 

Twenty-third Penns>'lvania . 

South Carolina 

Second Tennessee* 

Filth TennesMO * 

Tennei«ee« 

Third Texas 

Floarth Texas 

Second Vinrinia 

Sixth Virginia 

Washinaton 

West Virginia 

Flisl Wisconsin 

Second Wisconsin 



Aggregate re- 
ceipts, a 



$8,952,355.39 

3.9(>5.362.60 

8,483.604.33 

4.814.589.22 

1,937.768.69 

2,206,927.68 

2.283,035.41 

2,798,066.80 

172,400.40 

14.212,016.71 

1.733.794.61 

1,422,689.10 

2,231,146.42 

650.401.66 

6,876.328.57 

3,048,71097 

1,912.136.63 

9,413.465.84 

214,409.99 

425,189.47 

595.882.72 

1,381,588.72 

585,697.96 

188.169.98 

3,505,237.82 

1,066,283.48 

1,064,875.96 

1.455.021.05 

7, 237, IW. 72 

1,002,176.73 



Expenses. 



960.033.63 
89.342.00 
64,016.14 
54,802.21 
40,041.77 
47.102.08 
60,774.50 
73,876.02 
15,286.60 

167,676.34 
41,839.13 
31,079.66 
46,122.08 
21,066.41 

110,962.14 
?2.683.84 
37,458.80 

172,392.73 
29.411.96 
20,M4.51 
21,278.75 
65,717.77 
21.463.34 
18,882.41 
50, 228 37 
81,541 98 
36,061.60 
41,991.77 
65,849 71 
25,441.20 



Average 
number 
of per- 
sons em- 
ployed. 



Cost to 

collect 

SI. 



26 

31 

33 I 

24 > 

18 

'22 

29 

30 

10 

41 

15 

14 

19 

11 

39 

81 

17 

30 

14 

18 

22 

28 

11 

10 

21 

30 

19 

21 

28 

14 



SO. 007 
.023 
.006 
.011 
.021 
.021 
.022 
.026 
.069 
.012 
.024 
.022 
.021 
.088 
.016 
.024 
.020 
.018 
.137 
.048 
.066 
.018 
.087 
.100 
.014 
.080 
.084 
.029 
.009 
.026 



TWal -261,665,950.04 4,168,491.32 | 



1,393 



« Based on repons of collectors. 

ft Covering a period fiom July 1 to November 24, 1907, at which time the si'cond and fifth districts 
of Tennessee were consolidated. 

tOovering a period from November 26, 1907, upon the consolidation of the second and fifth distrirU 
of Tennessee, to June 80. 1906, inclusive. 

NOTi.— The foregoing statement of expenses does not include salaries and expenses of internal- 
rerenue agents. ■Danes of the officers and clerks in the oflBce of the Commissioner of Internal 
Barenue, amounts expended in detecting and punishing violations of internal-revenue laws, cost of 
eaoer ler intemal-ievenue stamps, and certain miscellaneous expenses. 

Amoonc of expenses as above statea S4, 16ft. 491. 82 

Ixpenset not included in above 672.'207.33 

Total expenses for fiscal year ended June 30, 1908 << 4, 830, 698. 66 

CosttoeoUeetsTTr:. 019 

'This amount differs with the amount stated as disbursements by warrants in Table FI of this 
report, for the reason that only the expenses incurred and paid from the appropriations pertaining 
to fiscal year 1906 are shown herein. 



142 



BBPOBT OK THE FINANCES. 



I 



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BEPOBT ON THE FINANCES. 



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'^' CO to O 03 









i-i»Ci-(i-t 



%^^ 

Sr^ 



ss § 






8| :g3Sa5g§5:J8S*' 




of 

«-|S|||||l||a I 






^s 



I? 

^1 s 



08716— n 1908 10 



APPENDIX TO THE REPORT ON THE FINANCES. 



147 



j^PPENDIX, 



REPORTS OF HEADS OF BUREAUS. 

BEPOBT OF THE TBEASIJBEB. 

Trbasuby Depabtmekt, 
Office of the Treasurer, 
WcLshington, November j?, 1908. 
Sir: The transactions of the Treasury of the United States for the 
fiscal year ended June 30, 1908. and its condition on that and subse- 
quent dates, are presented in tne annexed tables. 

revenues and expenditures for 1907 AND 1908. 

The usual relations between the income and outgo of the Gov- 
eminent were unexpectedly disturbed during the greater part of the 
fiscal year 1908, and as a result, the ordinary revenues were 
$58,070,201.15 less than the expenditures. Contrasted with the 
showing for the preceding fiscal year when the revenues were 
S84,236,586.30 in excess of the expenditures, the change is not only 
a surprising one, but it also emphasizes the fact that the income of 
the Government is not exempt from the influences of trade depression. 

The ordinary revenues and expenditures for the past two years 
are recorded in the table following: 



Rbybnubs and Expenditures pob Fiscal Years 1907 and 
• 


1908. 


Account. 


iiwr. 


1908. 


locrean. 


Decreiue. 


Customs 


P32,233,302.7(} 

2e», (^,772.85 

7,§7S,SI1.13 

47,004,901.05 

(l«260.3@a32 


l^^,lR13Qi20 

251 < 71 1,128.70 

g,73l,fitiQi23 

40,903,068.60 

(I.fi70.a33.75 




140 120 ^2-41 


Londd . ......,.., * . . 


"ii;M3,"740.'io' 
300,a3a.43 


17,965,046.16 


Ul9c«Jlfliniwus rcTCDUC3« ............ 

He^«auec of tb« Dlitrict of Colum- 
bia 


101^022.40 








T^tm ^. 

K«l 


6(33,140.334,06 1 C01pl36pllS.63 


2,liM,m^m 


OI,17fi,90L0fi 
C2,D14 216.52 










Commcfoe sad Labof^ ^ . «^ „ , . . ^ , . w 


1 

11,023.925.21 , ]4,850,22§.47 

33.417,S6L1S ' 24,«(?».044.03 

6, 400, 3G0. 7 1 5, S26. 010. S7 


3,S35«aQS.20 

oo,3ad.«o 




CustoniJ,.,^....^ 




Inttfiul lYTntm. ^ . , 




Dhltfntlfttki 


3,483,014, £8 
77,412,442.37 

9,5lf>,(M7.(T9 
2fi,07S,030.90 

l24.im.4mn 

O..Styi,»2fl.3i 
J5.1fJ3,finB.41 
139,300.511.31 
24,481, lfi8. 34 
10H4ft2j»2,91 
11,370.901.65 


3.54S>,3T3.1S 
G3.312.S^lg 

^. ISO. 630. J^ 
26,475.412.78 

i:s.o2io,ase.83 

nS,780,S33.20 
14.570,755.76 

153.802,4(17.01 
21.42^,138.21 
13.400,764.41) 
12,184,605.10 




TiiiMUiJf umuiii - - .m.L ....«, 


14,0e0,67&10 
355 417. 11 


joS^?7^.;."."..:::::::::::::: 




iDtarloroivli ** ,. * ** 


"53;2i2;i6o;M 

20,013,408. Bit 


fX)2,G0ai2 


W»r J>frptftiEbeiii, , , . „ „ ^. ^ 


KftTT Depertnieat 




SSBwr^^T^r. ":";:" 


683 S6Z.06 


ViMMlflnff. , 


14,582,052.70 




Intonsl...*.* * .». 


3,055,030.13 


tptjjwilfairw ., * * ^ . 


2,078,571.48 
813,703.56 


mmkA^O^smhf^ 








TWal .„.,„,„...„.., 


57$, 903,747. 76 


fi50,l»a,3l».€S 


moeo^cHiku 

80,202.671.63 


18,007,174.21 


kS?:":::::::.:::::::..:.: ,: 










SonitDS. __*.*- * ,.. 


M,73^,SB^^ 








Dflf^t ,.,, 


68.070.201.15 















149 



150 



REPORT ON THE FINANCES. 



It is a noteworthy fact that the total revenues for 1908 were in 
excess of those of any preceding fiscal year, with the single exception 
of 1907. If the expenditures of 1908 had not been in excess of those 
of 1907, there would have been a surplus of $22,222,370.78, notwith- 
standing the decrease of $62,014,215.52 in the revenues. Thus it 
becomes apparent that the trouble is not in decreasing receipts, but 
the great increase of expenditures. 

Fortunately the condition of the available cash balance, 
$272,061,445.47, at the beginning of the fiscal year was such as to 
enable the Government to meet a large deficiency in revenue without 
embarrassment. 



REVENUES AND EXPENDITURES, FIRST QUARTERS OP 1908 AND 1909. 

For the first quarter of 1909 the revenues were $33,362,536.64 
less than the expenditures, and as compared with the same period 
in the preceding fiscal year, there was a decrease of $19,787,287.22 
in the revenues and an mcrease of $9,155,985.50 in the expenditures. 

The comparison, by items, for the two quarters follows: 



Aoooiiot 


First quarter— 


Increase. 


DecreMe. 




1908. 


1909. 


EEVENXTES. 
CustOTIlif 


184,167,057.30 
67,366,068.93 
14,048,103.52 


168,065,929.60 
61,788,47407 
15,909,538.86 




$16, on, 127.70 
6,5n,6»4.86 


Internal revenue 




Mf9cenAn4M>n9 


$1,861,43&34 






Total 


165,571,229.75 


145,783,942.53 


1,861,435l34 


21,648,722.68 
19,787,387.22 


Net 










EXPENDITURES. 


35,949,142.00 
32,743,761.06 
26,957,808.17 

4,142,544.49 
37,856,965.13 
26,839,819.33 

5,500,453.49 


41,859,755.42 
36,804,919.28 
27,845,891.56 

5,014,602.00 
41,668,065.05 
20,810,398.00 

5,142,847.77 


5,910,613.42 

4,061,158.22 

888,063.39 

872,067.60 

3,811,099.92 




War 




Navy 




Ind'ftn?! 




Pensions 




Public works 


6, 029, 42L IS 
367,606.78 


Interest 








Total 


169,990.493.67 


179,146,479.17 


16,643,012.55 
9,156,965.50 


6,387,087.06 


nS^;::::::::::::::::::::::: 










Excess of expenditures 


4,419,263.92 


33,362,536.64 


1 




1 



BECEIPTS AND DISBURSEMENTS ON ACCOUNT OF THE POST-OPPICB 

DEPARTMENT. 

The receipts and expenditures on account of the Post-Office 
Department are under the exclusive control of the Postmaster- 
General. A statement of transactions relative thereto at the Treas- 
ury offices during the past year will be found on page 192 of this 
report. 



TREASTJREB. 



151 



TRANSACTIONS IN THE PUBLIC DEBT. 

The total receipts on account of the public debt during the last fiscal 
year were $909,463,405.17 and the disbursements $739^111,906.50. 

Comparison of the transactions, by items, for the fiscal years 1907 
and 1908 may be studied in the table following: 

Rbckifts and Disbursements on Account of the Public Debt fob 1907 and 

1908. 



Aooouot. 


1907. 


1906. 


Increase. 


Decrease. 


BKcnrrs. 
United States bonds 


$50,312,900.00 
105.020,00a00 
30, 477. 42a 00 
288.545,00a00 
304,706,00a00 

3o,ooo,ooaoo 






$50,312,900.00 


United States notes 


$123,610,000.00 

64,333,136.60 

378,360,000.00 

302,366,000.00 

24,631,980.00 

15,436,600.00 


$18,600,000.00 
33,855,716.60 
89,815,000.00 








Ckrfd f^rUfl/^tm 




Silver oertiflcates. 


2,352,000.00 


^'^^anaiTf A Canal loan 




5,368,020.00 


Certificates of Indebtedness 


15,436,600.00 












Total 


809,063,320.00 fiOfi. 727. G16. 50 


157,697,216.60 


58,032,920.00 


Premlnni on consols of 1030 


1,509,234.00 
1,210,817.95 




1,609,234.00 


Premium on Panama Canal loan . . . 


735,788.67 




475,029.28 










kggrmgntA 


811,783,371.95 


909,463,405.17 


97,680,033.22 








mSBUKSEMBNTS. 

United States t)onds 


80,679,080.00 

1,763.00 

105,020,000.00 

i,398,ooaoo 

25,454,254.50 
170,080,000.00 
306,404,00a00 


33,105,570.00 

1, 180. 00 

123,610,000.00 

1,006,000.00 

39.535.156.60 

236,821,000.00 

303.783.000.00 

1,260,000.00 




47,573,510.00 
583.00 






United States notes 


18,600,000.00 




Traasurr notes of 1800. . 


392,000.00 


Natlonal-^ank not4w 


14,080,902.00 
66,741,000.00 




Oold oertifloatM . 




Silver certificates 


2,621,000.00 


Otftificates of indebtedness . 


1,250,000.00 










Total 


689,037,097.60 
49,705.52 
175,390.46 


739,111,906.50 


100,661,902.00 


60,587,093.00 


Premiam on bonds porchased 

Pnmium on bonds exclianged 


49,705.62 






175,390.45 








AggV^igMA 


689,262,193.47 


739,111,906.50 


60.074,809.00 










Kzoess of receiots .... 


122,521,178.48 


170,351,498.67 






■ 







PUBLIO DEBT, 1907 AND 1908, AND FIRST QUARTER OF 1909. 

The aggregate amount of the public debt, including certificates and 
treasury notes (trust funds, offset by an equal amount of cash in 
the Treasury), June 30, 1907, was $2,457,188,061.54, and at the close 
of the fiscal year 1908, $2,626,806,271.54, an apparent increase of 
$169,618,210. The additions to the various accounts were: Panama 
Canal loan, $24,631,980; certificates of indebtedness, $14,186,500; 
matured loans, $3,042,200; national-bank notes (redemption fund), 
$24,800,480; gold certificates, $141,539,000, while reductions were 
made in the following accounts: Funded loan of 1907, $36,126,150; 
refunding certificates, $22,620; fractional currency, $1,180; silver 
certificates, $1,427,000; treasury notes, $1,006,000. 

The total aebt at the close of the first quarter of 1909 was 

$2,632,337,092.04, an apparent increase of $5,530,820.50 since June 

30, the net result of the following transactions: Interest-bearing debt 

. decreased $250,000; debt bearing no interest decreased $30,124,179.50, 



152 



BEPORT ON THE FINANCES* 



while there was an increase of $35,905,000 in the trust funds, as may 
be observed from the comparative statement of the debt following: 

Public Debt, 1907 and 1908, and Firet Quabter of 1909. 





Rata. 


When payable. 


Outstanding 
June 30. 1907. 


Outstandinf 
June 30, 1906. 


Outstandliis 
1908. ' 


TnlArMt-baarinr debt: 

Coofoli of 1930 

I/MMi of 1908^1918... 
Funded loun of 1907. 
Uefuodlng certlfl- 

catei. 
Lo»nofl925 

Certificates of in- 
dehtedness. 


P,ct. 
2 
3 
4 
4 

4 

2 
3 


After Apr. 1, 1930 . 
After Aug. 1. 1908. 

July 1,1907 

Convertible 

Feb. 1,1925 

Aug. 1, 1916 

After Nov. 20, 1908. 


1646,250,150.00 

63,945,460.00 

36,126,150.00 

22,620.00 

118,489.90a00 
30,000,000.00 


1640,250,150.00 
63, 945, 46a 00 


|646,2SO,15aOO 
63, 945, 46a 00 






118,489,90aOD 
54,631,960.00 
14,186,50aOD 


118,489.000.00 
64,031,96a 00 

i3,9ao,5oaoo 






Total interest* 


804,834,280.00 1 897,503,99a00 


897,253, OOa 00 


bearing debt. 




On demand 

.do 




Debt bearlnf; no inter- 
est: 
Matured loans . 


1,086,815.26 1 4,130,015.26 

53,282 50 ' 53,282.50 

346, 681 , 016. 00 , 346. 681 , 016. 00 

47.6.58. 804. 50 . 72, 459. 284. 50 

6,863,994.28 6,862,814.28 


3:823.105.26 


Old demand notes 




£3,282.50 


llnitAd fltAtes notPS 




do 


340,081,010.00 


National-banknotes 
Frac tional currency . 




do 

.do 


42,042,305.00 
0,802,874.28 








Total 


402. 343. 912. 54 ; 430, 186. 412. 54 


400.002,233.04 


Certificates and notes 
Issued on deposits of 
coin and bullion (trust 
ftinds, act Mar. 14. 
1900): 
Gold certificates 




On demand 

do 

.do 


678,244.869.00 

475.777.000.00 

5,968,000.00 


819,783.869.00 

474,350,000.00 

4,982. OOa 00 


842,045,809.00 


Sliver certificates. . 
Treasury notes of 
1890. 




488,208,00a00 
4,707,00a00 








Total 




' 1,160,009,869.00 1 1,299,115.869.00 


1,335,020.869.00 










AffKrente 


2.457,188,061.54 . 2.626.806.271.54 


1 2,032,337,092.04 










1 ' ' ' 





PAYMENT OF SPANISH INDEMNITY CERTIFICATES. 

The Secretary of the Treasury on Januar^r 13, 1908, gave notice to 
the holders of the Spanish indemnity certificates of 1834 that the 
department had received from the Government of Spain, through the 
Department of State, the sum of $570,000, to be paid to such holders 
in luU satisfaction of their certificates, the face value of which aggre- 
gated $599,850.16. 

In conformity with such notice, settlement was made to June 30 of 
certificates having a face value of $591,896.03, for which the amount 
of $562,441.67 was paid. 

PURCHASE OF CERTIFICATES OF INDEBTEDNESS. 

The Secretary of the Treasury on March 3, 1908, authorized the 
purchase of $1,250,000 of the certificates of indebtedness issued under 
the act of June 13, 1898, at par and interest to date of purchase. The 
total disbursement in the transaction was $1,260,582.18. 

REDEMPTION OF THE FUNDED LOAN OF 1907. 

The bonds of the funded loan of 1907, having been called for 
redemption, ceased to bear interest from the date of maturity, July 
2, 1907. The amount of this loan outstanding November 1, 1908, 
was $2,677,000. 



TREASURER. 



158 



There appears to be unnecessary delay in presenting for redemp- 
tion the bonds of matured loans, and the attention of holders thereof 
is invited to the amount outstanding at the present time, viz: 



Loan. 



Ponded loan of 1891 

Funded loan of 1891 continued at 2 per cent. 

Loan of 1904 

Funded loan of 1907 

Refunding certificates 



Total. 



Matured. 



Sept. 2,1891 
Aug. 18,1900 
Feb. 2,1904 
July 2, 1907 
July 1, 1907 



Amount. 



124,500 

32,000 

72,460 

2,677,000 

18,030 



2,823,980 



THE PANIC OF 1907 AND MEASURES OF RELIEF BY THE TREASUBY. 

Financial conditions became very acute in New York about the 
20th of October, and the Treasury Department used $37,597,000 of 
its available resources for the relief or the stringency at that point 
by increasing public deposits in national banks therein (as stated on 

1). 161 of this report), thereby reducing its working balance to the 
owest point indicated by prudence under prevailing conditions. 
There was an unusual shortage of ready cash to meet current demands, 
and manv national banks were unwilling to part with their currency 
to cash freely the government checks, owing to the fear that they 
might not be able to secure currency in return for such payment. 
The Treasurer therefore directed the nine assistant treasurers to pay 
or ship currency on all Treasury and Post-OflBce Department war- 
rants or drafts and United States disbursing oflBcers' checks drawn 
upon any subtreasury office when presented properly indorsed and 
the indorsement guaranteed by the bank presenting the same. 
Under these instructions the holders of such paper were enabled to 
convert it into cash upon presentation to the nearest subtreasury 
without the delay usually attending the collection of such items from 
the officer upon whom drawn. This action caused a formidable 
amount of extra work, lasting several months, and great inconven- 
ience to the Treasury in clearing the accounts. 

The kinds of paper and amounts involved in the payments by each 
office are recoroed in the statement following: 



Wamnts and checks drawn on other offices and 
paid by- 



Kinds of obligations. 



Treasury 

warrants 

andcheclcs. 



Post-office 
warrants. 



Disbursing 
officers' checks. 



Total. 



Baltimore 

Boston 

Chicago 

CiDclnnati 

New York.... 
New Orleans.. 
Phlladelpbla.. 

BU Louis 

San Fnodaco. 
Wuhlngton... 

Total... 



$1,725.74 

0,655.08 

13,749.06 

11,847.36 

418, 129. 93 

3, 106. 02 

7, 174. 44 

22,561.06 

17,229.19 

93,045.01 



$1,460.39 

39,294.38 

372,879.16 

179,939.03 

71,071.90 

8,154.46 

09,012.77 

398,702.24 

10,405.92 

59,294.06 



$508,901.37 

896, 85a 19 

2,717,034.05 

3,493,002.80 

1,000,063.21 

189,005.05 

2,541,242.06 

1,434,090.13 

1,390,397.64 

603,184.16 



$512,006.50 

042,600.65 

3,104,202.87 

3,684,849.70 

1,549,865.04 

200,865.53 

2,617,420.20 

1,855,354.03 

1,424,032.76 

756,123.23 



505,724.00 



1,210,823.01 



14,841,030.68 



16,647,578.68 



The Secretary of the Treasury early in October notified depositary 
banks that they would be permitted to substitute bonds acceptable 
for saTings-banks investments under the laws of the States of New 



164 



BEPORT ON THE FINANCES. 



York, Massachusetts, Connecticut, and New Jersey for government 
bonds which were pledged as security for public deposits, provided 
the bonds thus released were deposited for additional bank-note cir- 
culation. The offer was readily accepted by the banks, and United 
States bonds to the amount of $44,109,860 were thus made available 
for the issue of circulation which was used in relieving the shortage 
in currency. 

The supply of United States bonds in the market available for the 
issue of circulation was limited in quantity and held at such a price as 
to practically make it improfitable to the banks to buy the bonds and 
take out circulation thereon. To reUeve this situation and to coun- 
teract the premiimi on currency, the Secretary of the Treasury on 
November 17, 1907, annoimced that he would receive bids for an issue 
of $50,000,000 in Panama Canal bonds imder the act of June 28, 1902, 
and $100,000,000 in 3 per cent certificates of indebtedness under the 
act of June 13. 1898. Under ordinary conditions, the proceeds of 
these sales would have been deposited in the Treasury, thereby with- 
drawing that amoimt of money from circulation. But in this instance 
to turn the sale into a relief measure as well as to make it an induce- 
ment to banks to purchase the new issues with a view to making them 
a basis for circulation, it was deemed advisable to allow the banks 
to which awards of Panama Canal bonds were made, to retain 90 
per cent, and those to which awards of certificates or indebtedness 
were made, 75 per cent of the purchase price as additional deposits. 
The amount of each class of obligation sold was, Panama Canal loan 
$24,631,980 and certificates of indebtedness $15,436,500. These 
securities were almost wholly absorbed by banks and were used as a 
basis for increasing the bank-note circulation or securing public 
deposits. 

The accumulated balances arising from our foreign-trade relations 
placed a number of the financial institutions of the country in a 
very advantageous position for importing gold. During the month 
of October engagements of $24,000,000 in gold for import were 
announced, and by January 1, 1908, such imports aggregated more 
than $100,000,000. 

The inflow of this large amoimt of gold exerted a very great influ- 
ence in restoring- confidence, and relieved the pressing needs for 
currency in those localities favored by its distribution. The 
Treasury, through the medium of the general fund, facilitated this 
movement by receiving gold deposits of $52,462,051 at the sub- 
treasury in New York ouring November and December, making 
payments therefor at other points as follows: 

Chicago 122,685,932 

St. Louis 5, 790, 700 

Denver 2,546,392 



Washington $203. 000 

Boston 572,000 

Cincinnati 391,400 

New Orleans 2, 641, 500 

San Francisco 14,677,127 

Philadelphia 2,955,000 



Total 52,462,051 



RESERVE AND TRUST FUNDS. 



The amount of gold coin and certificates in circulation seem to 
supply all demanck for the precious metal. There are numerous 
transactions in the reserve fund, but they are not indicative of a 
desire to obtain gold in exchange for notes redeemable therefrom. 
The redemptions from the reserve fund during the fiscal year 1908 



TBEA8UBEB. 



155 



were, in United States notes, $21,278,307, and in Treasury notes, 
S41,705, making a total of $21,320,012. In accordance with the 
provisions of law, the redeemed notes were immediately transferred 
to the general fund in exchange for gold which restored the reserve 
to the nxed amount. 

The net growth in the voliune of the trust funds during the last 
fiscal year was $139,106,000. The gold coin increased $141,539,000, 
while there was a decrease of $2,433,000 in standard silver dollars. 
These funds are held for the redemption of the certificates and notes 
outstanding for which they are respectively pledged. 

The transactions in the certificates and notes were as follows: 



Kind. 


Outstanding 
June 30, 1907. 


Fiscal year 1908. 


Outstanding 
June 30, 1906. 


Issued. 


Redeemed. 


Gold oertUtcstfls 


1678,244,809 

476,777,000 

5,088,000 


1378,380,000 
302,356,000 


8236,821,000 

303,783,000 

1,006,000 


1819,783,869 

474,350,000 

4,082,000 


BilTer oerttflcmtfls 


TrMimry notMx - x .. . ........ .. . .. 






Total 


1,160,009,809 


680,716,000 


541,610,000 


1,299,115,869 





The foregoing statement does not include $3,140,000 in gold cer- 
tificates, series of 1900, that had been issued but not reported in time 
to be taken up in the public-debt statement for June. 

The revised figures at the close of the fiscal year were: 

Reserve Fund. 

Gold coin and bullion in division of redemption $150,000,000 

Trust Funds. 
[Held for the redemptloo of the notes and certtflcates for which they are respectively pledged.] 



DIVISION OF REDEMPTION. 

Gold coin $822,923,869 

Silver dollars 474,350,000 

Silver dollare of 1890 4, 982, 000 



Total 1,302,255,869 



DIVISION OF ISSUE. 

Gold certificates outstand- 
ing $822,923,869 

Silver certificates out- 
standing 474, 350, 000 

Treasury notes outstand- 
ing 4,982,000 



Total 1,302,255,869 



The total general fund for June 30, 1907 and 1908, and October 1, 
1908, is given in the following table: 

General Fund— Cash in the Vaults. 
[From revised statements for June 30, 1007 and 1908.] 



Kind. 



Gold coin tod bollioo |76,266,86L14 

potdMrttfloates... 78,352,67a 00 



June 30, 1007. 



•| 



4,774,53&00 



United Stotoi notes.... 
Traanrr notes of 1800. 
Mataootf-bank notes .. . 

rstlTerooin.. 

leumncy.... 



Stendard surer dollars 

SUTflrcertiHoates I 6,5fi6,775.00 

SttTerboUloo 4,040,074.50 

4,410,96L00 

12,466i00 

14,546,5ft&38 

8,674,810.60 

57.08 

1,642,037.70 



TMal.. 



106,2S7,62L40 



June 30, 1008. Octoberl, 1008. 



$31,064,813. 18 

30, 047, 26a 00 

12,600,15&00 

0,071,206.00 

6,006,247.10 

7,284,604.00 

18, 47a 00 

66,685,237.00 

23,177,617.06 

14L34 

3,164,30a36 



200,000,22(106 



$35,680.3ga05 

36,378,106i00 

201,835.00 

12,364,058.00 

6,380,102.70 

6,400,55LOO 

16, lOL 00 

30, 820, 28a 00 

21,746,012.53 

02.66 

2,806,358,86 



160,002,063.77 



156 BEPOKT ON THE FINANCES. 

General Fund — Cash in the Vaults — Continued. 



Kind. 


June 30, 1907 


June 30. 1908. 


October 1,1908. 


In national-bank depositaries: 

To credit oX the Treasurer of the United States 

To credit of disbursing officers 


S167,054,778.12 
11,686,650.40 


1149,004,924.20 
11,352,07&41 


9117,836,017.16 
11,096,283101 






Total 


178,741,43&52 

1.037,763.00 

1,946,330.56 

60,382.97 


160,356,999170 

589,906.13 

1,381. 16a 03 

33, 22a 01 


120,995,20a 17 


In treasury of Philippine Islands: 

To credit of the Treasurer of the United Stotes 

To credit of United States disbursing officers 


1,636,60140 
8.060.50a53 


Awaiting reimbursement— bonds and interest paid 


' 0,766.06 


Total 


181,785,924.05 


162.361,2861 77 


194,623,071. 16 






Aggregate 


380,073,645.54 


362.370,513^73 


204,614,154.93 






LiabUities: 

National-bank 5 pet cent fund 


22.387,514.63 
6,902.53153 
57,756.902.72 
10.937,399.18 
10,027.749.01 


22,022,055.48 
12, 106, 42a 58 
65.033.678L31 
6.700.630.31 
0.346.672.32 


22,604,302:12 


Outstanding checks and warrants 


11,753,98163 


Disbursing officers' balances 


74, 553', 3691 12 


Post-Office Department account 


3 622.67Z63 


Miscellaneous items 


3,227,31116 






Total 


108.012,100.07 


117,100,166.00 


115,561,681.66 




Available cash balance 


272. 061. 445. 47 245. 171 . .^I7- 73 


179,062,573.27 









The excess of ordinary expenditures over revenues, by warrants 
issued during the fiscal year 1908, was $58,070,201.15, but this 
amount is not reflected in the available cash balance on -June 30, 
1908, upon comparison with like cash of twelve months earlier, for 
the reason that the receipts and disbursements on certain pubUc-debt 
items and two miscellaneous items are not included in the account of 
ordinaiT revenues and expenditures. 

The following analysis and proof of the available cash balance takes 
into account every receipt or expenditure that in any way alffects 
the showing, viz: 

Available cash balance June 30, 1907 |272,061,445f47 

Less excess of expenditures in 1908 58, 070, 201. 15 



Add difference between receipts and disbursements on public debt 
transactions not included in the account of ordinary revenues and 
expenditures: 

Receipts. Disbursements. 

United States bonds $33, 105, 570. 00 

Panama Canal loan $24, 631, 980. 00 

Certificates of indebtedness ... 15, 436, 500. 00 1, 250, 000. 00 

Premium on bonds, etc 735, 788. 67 

National-bank notes (redemp- 
tion fund) 64, 333, 136. 50 39, 535, 156. 50 

Fractional currency 1, 180. 00 

Total 105, 137, 405. 17 73, 891, 906. 50 



213,991,244.82 



Net receipts in excess of disbursements 31, 245, 498. 67 

Decrease of unav'ailable items during 1908 29, 522. 91 



lieee decrease in amount of moneys not covered by warrants. 



245,266,265.90 
94,918.17 



Available cash balance June 30, 1908 245,171,347.73 

AVAILABLE CASH BALANCE. 

The reversal of financial conditions during the last year has resulted 

in a considerable reduction of the available cash balance in the 

«ury at the close of the fiscal year 1008. The Government in 



TBEASUBEB. 



167 



its financial transactions stands on the same plane as the merchant 
who in periods of prosperity accumulates a fund that enables him to 
meet his obligations when conditions are reversed. In previous 
jeeLTs the excess of revenues over expenditures favored the accumula- 
tion of an increased balance in the Treasury, which, during the recent 
period of depression, furnished the means to continue the operations 
of the Government. 

The balance in the Treasury at the end of each month from Jan- 
uary, 1902, is stated in Table No. 31, page 229 of the appendix; and 
for July 1 in each year smce 1896 in the statement following: 

AvAUiABLB Gash Balance (jncludino the Reserve Fund), from the Revised 
Statements, on the Dates named. 



Jalj 1, ISM. 
Jolr U IBSd, 

jiUf u isaa 
Jnirmw, 
jDir It iMo 

July I. 1902 
Joly I, iwa 
July I, igcH 
July U 1«)& 
Jdlj I, 190& 
Joly 1, 1W7 
Jiitr 1, 1906. 



Ava]la^>le cash balance. 



R«aerT« hind. 



flOO.OOO.OOO 
100,000,000 
IDOpOCK^HOOa 
100,000,000 
160,000,000 
lfiO,OQ0.0O0 
150. 000, 000 
1SO.O0O.00l> 
150,000.000 

lIia,DO0,€0O 
150^000,000 



Balance. 



lies, 637, 307. 07 
I44,4«e,20l.05 
100,282,043.13 

iM,468,$ia.ao 

1»,S2T,60&37 
178,400,798,13 
2l2,lf7,afrLld 
2^,©S6,U4 33 
I72,0fil,5ea02 
!4^,477,49tS9 
]S0,6Sd,aM,a2 
272,0ai.A«L47 
245,171,347.73 



Total. 



^00. 
244, 
200, 
2S4, 
306, 
32S, 
3& 



205, 
330, 
422, 
3(15, 



037,307.07 
466,201.05 
232.643.13 

4SS, &1& ao 

827,005.37 
406h 70a 13 
lg7,36].16 
686J1123 
051,558.02 
477,401.80 
6«£».3H,B2 
Q61,445l47 
171,M7.73 



GOLD IN THE TREASURY. 

The steady flow of gold into the Treasury continues to interest the 
students of nnance at nome as well as abroad and to excite an absorb- 
ing study of the resources of a country so favored in the distribution 
of the precious metal. There was a net increase of $100,196,952 in 
the Treasury holdings of gold during the fiscal year 1908, an amount 
equal to 66 per cent of the growth in the general stock of gold in the 
country durmg the year. 

By October 31, 1908, the holdings were $1,039,298,181, an mcrease 
of $34,409,499 since July 1, 1908. 

The total amount of gold in the Treasury on July 1 in each year 
from 1897, set apart for the respective uses, is here stated: 

Gold in the Treasury. 



Data. 



fieaerTfi, 



For c«rtl5- Oen^ral fund 



cJiculal[OE}. 



fbeloDj^g lo 
Treasury). 



TotaL 



JnlyMSOT.... 

Jnly 1,1896 

Inly l.liW 

July 1, 190Q 

Jaly 1. 1901...., 

July 1. 1902 

Joly 1.1003 

July 1. 11104.. „. 
Julyl.lBO&.,.<, 
Jnly 1.100©.,.,. 

July 1, 1907 

Julyl,l90S 

Oetaber3], 190S 



ilOO.OOO.OOO 
100.000.000 
100.000,000 

ifio.ooo.oao 

150,000,000 
IfiO.OOOtOW 
lfiO,000,000 
IW.000.000 
IfiOpOOO.OOO 
IdO.ODO.OOO 

m,ooa,om 

160.000.(300 
l£O,000,{]00 



137,286.339 

3Ji,aii,6W 

300,733,010 
247,O30.3£$ 
30fl,399,009 
3T7,£68,&e& 
^66,0&5h099 
4S5,2lO,74fi 
£1(1,66], 819 

7fia,97fl.m9 
807,^389 



67,752,727. BO 
lfilJ04, 411,92 
73.84^,002.^ 
97,&n,038.42 
103.eO1,2TO.97 
104,162.2TO .^.T 
€kV.183.7^.eO 
71, 3SU 650.04 
140^^.ML30 
154,010,4:11.14 
71,912,063,18 
62,0^1,703.63 



$178,049,327.57 
203,564,316.90 
283,760,333.92 
423,577,971.68 
494,848,297.42 
560,200,299.97 
631,420.789.43 
681,838,821.60 
706,592,399.04 
807,051,690.30 
904,691,730.14 
1.004,888,682.18 
1,039,298,181.63 



158 



REPORT ON THE FINANCES. 



BONDS HELD AS SEOUBITT FOB NATIONAL BANKS. 

At the close of the fiscal year 1908 the United States bonds held 
in trust for national banks to secure their circulating notes amounted 
to $628,172,130, an increase of $69,807,470 as compared with the 
amount held at the close of the previous year. 

The increase of Dublic moneys in national banks during the finan- 
cial stringency in October, 1907, and following months ofuled for tiie 
pledge of unusual amounts of obligations k> seciure the deposits, 
llie amount of bonds held to seciure deposits attained a maximum 
at $296,338,417.26 on December 31, 1907, and was reduced to 
$180,509,419 hj the close of fiscal year 1908. 

The transactions relative to deposits and withdrawals of bonds 
during the fiscal year 1908 are recorded in the table following: 

Bonds Held fob National Banks, Close of June, 1907 and 1908, and Sbf- 
tembeb 30, 1908, and changes during 1908. 

Td SECURE CIRCULATION. 



Kind of bonds. 


Rates. 


Held June 
30,1907. 


Transactions during 
1908. 


Held June 
30,1908. 


HeldSap- 
M08. 


Deposited. 


With- 
drawn. 


Consols **t 1930 


2 
3 
4 
4 
2 
3 


$528,386,000 

4,817,180 

415,000 

7,956,900 

16,790,680 


166,967,260 
10,022,060 

'i5,'966,'866' 
22,400,060 
15,430,500 


$42,509,060 
5,066,800 
415,000 
0,030,450 
2,644,920 
1,260,000 


$562,863,200 
0,762,440 


$666,906,000 


Loan of 190&-1918 


i6,o66;300 


Funded loan of 1907 


Loan of 1925 


14,824,260 
36,545,740 
14,186,500 


14,646,460 
8^889 680 
18,966,600 


"PfnifLmA. Canal 








Total 


558,364,600 


130,752,690 


60,945,220 


628,172,130 


682,186,680 







TO SECURE PUBLIC DEPOSITS. 



Consols of 1930 „„,.„... 


2 
3 
4 
4 

2 

3, as 

4 

3 


$65,27S,«0 
7,f»l,«0 
566,600 
3,7«fl,760 
12,668,800 
945, OQQ 
9,466,000 

730,000 
56,260,070 


$23,736,000 
6,302,300 


WD. 066, 750 

5,146,600 

B6S,eOO 

2,9»4,5fi0 

12,244,100 

413; 000 

36,000 
I2fi,000 

103,067,745 
1,025,000 


$48,947,660 
8,21^,300 


$4e,3D0,4S0 
Q,163;«I0 


Loan of l9C»t-1018 

Funded loan of 190T , 


Loan oJ 11525 ..,...,,*,.»*.,».*..► 


6,147,750 

16,621,100 

3,013,000 

1,085,000 

326^000 

165,000 

106,334, flOO 

1,025,000 


6,879,950 
17,036,800 
2,576,000 
8,807,000 
2,001,000 
770,000 
60,627,321 


0,683, 190 

3,396,000 

8,296,000 

1,S»,000 

736,000 

40,277,351 


Fanjunii C'Etnal - . 


District of Coliimbto „ . 

Pbillpplno loflnSn, .,„,,.,.. . 


Terrttorv of Hawaii , . , „ 


Porto bIco ., 

State, city, and railroad,...., 


Certificates ol indebtedness^ ...... 










Total. _.. 


166.447,120 


164,386,016 


166,967,345 


156,866, «21 


180,410,861 




2 

3 

4 

4 

3 

3.06 

4 


Bond* kdi bv tutiHani trtoMUTtr 
U. 8. of New Ywk, N, Y. 

Consols of 1&30,,,* .H.^.^.,..,,*.., 


7W,00O 
471,000 


496,600 

aoa,oQO 


783,000 

596,000 


471,600 

78,000 


594,000 
117,600 


Loon of 190a-l9l8. 


Fuiiciod loan of 1907.,* 


Loan of 192S. 


724,000 
300,000 
108,000 

m,0D0 


796,500 
90,000 
60,000 
46,000 

161,161; 399 


752,500 

200,000 

173,000 

56,000 

170,049,333 


767,000 
90,600 
45,€00 

165,000 
21,861,098 


90,000 

46;0QQ 

166,000 

9,7V»,486 


Panaintt Canal .,„,,.,.,,.,. 


District of Col umbia ..,,,....,.,. 


Phlllprjliie» lonits, ,*..,,.* 


!^tAt4^ , rftT. and Tnllnwi 




Total 


33,226,932 


102,860,499, 


172,608,833 


^,478,606 


11,096,486 




2 

a 

4 


BmiiK held bf a§9iitant; treamtrrr 
U. S. nt S^n Ff4nd«€o, Ctal. 

Consoto of 1930 


300,000 

70,OOQ 
1.300,000 


86,000 




386,000 


86,000 


Loan onOOB-IOia 


70,000 
9(!H),000 


L<waoriQ2& 


500,000 


880,000 


3V,000 






TMd ,„ 


I,670i000 


586,000 


990,000 1 1,165,000 


S46,000 






AggregBtQ Ibr dflposlts.....-. 


103,344,002 


33T,83],&4& 


340,506,17$ f ifln -'^na ^iQ 


141,S5a,M7 











•Variont. 



TBEASUBEB. 



159 



WITHDBAWAL OF BONDS TO SECUBE CIBCX7LATION. 

The deposits of lawful money in the Treasury for the retirement of 
national-Dank notes under the provisions of the act limiting such 
deposits to S108,000,000 annually, amounted to $37,112,837.50 dur- 
ing the fiscal year 1908. From the forgoing it wiU be seen that the 
banks have availed of but little more than one-third of the option: 
therefore the law is not restrictive on retirements until the limit or 
99,000,000 per month has been reached. The largest monthly 
deposit was $10,735,750 in February, which apparently was in excess 
of the limit; but or this amount $4,290,500 was deposited in sub- 
treasuries near the close of January and was not taken up on the 
books of this office until February. 

The monthly deposits are recorded in Table No. 64 on page 270 of 
this report. 

NATIONAL BANKS DESIGNATED AS DEPOSITABIES OF THE UNITED 

STATES. 

The Secretary of the Treasury deemed it expedient to increase the 
number of depositary banks during the last fiscal vear. The object 
to be attained in selecting banks as depositaries of public moneys is 
to afford to the business community the necessary means for pro- 
moting its transactions upon a normal basis of money supply, and the 
aim h£U9 been to designate banks in every part of the country, so that 
the benefit arising from the use of the funds thus distributed would 
extend even to the most remote localities. 

The growth in the number of depositaries which qualified is shown 
in the statement following: 

Number of depositaries June 30, 1907 1, 265 

Net increase during the fiscal year 1908 181 

Number of depositaries June 30, 1908 1,436 

Glassihoation of DBPOsrrARiBS, bt States and Sections, Amount of Pubuo 

MONBTS THBBBn^, AND AMOUNT OF BONDS ON DEPosrr JUNB 30, 1908. 





PubUo deposits in national banks. 




8tite,TeETitor7,6tc. 


Number 
ofde- 

posita. 
ries. 


To the credit of 

the Treasorar of 

the United 

States and 

United States 

dlsboTSing 

offloen. 


Percent. 


Amount of 
bonds pledged 
toseoorepab- 

llodepodto. 


M tint. 


n 
20 
12 
68 
6 
17 


$662,058.49 
1,166,516.69 

689,427.62 
5,338,207.66 

496,52179 
1,043, 70a 36 




1704,000.00 


NmrHsmpfhim 




1,256,000.00 


Vmimit 




725,ooaoo 






6,265,00a00 
505,50a00 


^¥^UVMl 




Oommtknt 




1,213, ooa 00 






Total New Rnsfand Rt^tw 


124 


9,327,434.39 


6.8 


10, 658,50a 00 




KmrYoA 


99 
22 
151 
2 
88 
11 


24,434,706.00 
1,709,252.48 

16,606,604.13 

97,496.16 

4,640,11&06 

4,973,381.20 




80,477,096.16 
2,063,70a00 


NvwtaffiT.. 








18,O47,80a0O 
108,000.00 


Nmio^ 




^••▼IttMl 




5,836,500.00 


IHmiC «rColimiblft . 




5,947,000.00 










328 


52,461,457.11 1 32.7 


61,970,098.16 











160 



B£POBT ON THS FINANCES. 



Classification of Depositaries, by States and Sections, Amount of Public 
Moneys Therein, and Amount of Bonds on Deposit June 30, 190S— Cont'd. 





FubUe deposits Id natloniLl bonks. 




BtAta, Tonitoir, eto. 


NumbQf 
of de- 

poAlta- 
rlea. 


To the credit of 

the Treasiiper of 

tbj» United 

fitatas and 

Dntted States 

dlabursliif^ 

ofiQcer*. 


Peroeot. 


AmoQnt of 

bonds pledged 

to aecure pntH 

He deponta. 


Virginia, ». - - ,. 


44 

<k 
23 
10 
27 

17 
13 
13 
50 

4& 
10 


i5,a32,7lS.5a 

l,4^30a75 

l,fi27»^L^ 

e]B,9fl6LS7 

2,71ft,QiLS0 

t7ini«,fi3 

1,245,842.73 
721,780.88 
3,543,928.07 
a. 256,108. 36 
330,^5.08 
4,921,152.32 
1,951, 691. S3 




86,378, OOO. 00 


Weat Vtrelnla. .-» *....,,„,..,..,.,... 


1,53D,7ODl00 


North roiulina * * . 




1,644, loa 00 

sae, 000,00 

3r935,O0a00 

i^goOnSoaoo 

1,391, SOtLOO 

839,500.00 

%ss^ 200 00 


South C^f^Una^ *. », 




te^;:;;:;;::::::::::::::::::::::::::::::: 

Alabama. . , 


Mtolsslppl 

LouLslana ,+ .*, + + . 




Texas , . . 




3,465,000.00 


Arkaosds * . -. «..■.»«.■»..--■ .#*►» + 




351,090,00 


ICentiicky. ** - - , , * . - 




£, 520, 600. OO 


TcnD6SS6G t * 1^ ^ , * » - . - 


2,072.500,00 




Total fkJutheni Klalc?fl, 


30S 


29,14«,10a51 \ IS. 3 


31, 630, 200^ 00 






OhJo - *»*. .., - 


SS 
70 
65 
33 
30 
39 
03 
33 


S, Q25, 603- 93 J 


8,001,000100 
J^ 683,5001 00 
l(i,SflT,000L00 


ludLBiia. , , ,,.*-, ^.^, . * ^ ,. „ — , . , 

Illinolj,. . * , 


5,47St277. 67 
9.B30p56L61 
Xl&45,2SL92 
3,361,648.91 
3,460,280.50 
3,61(1,937.43 
6,000,503.27 




MichEgan. . * , * 




Siiiatfioaoo 

Smooaoo 
6,7W,m,m 


Wisconsiji* .... 




Minnesota ,, * *♦.,......♦ ^. * 




Iowa +*. »,.,,.,. , ,.. 




Mlasouri .. * 






Total Middle Western ^ifatra. . . . . , . . . 


41D 


41,219,01*5.22 ' 3S.7 < 46,103,771.10 




Nortti Dftlcota. . - «...*. ... 


S 
33 
33 
40 
13 
12 
20 


24 


499,945.00 

e9a»976.12 

2,666,608.97 

2,611,836.43 

1,005,767.30 

709,3^06 




.wo,ooaoo 

7^1,500100 


South Dakota. 




Nebraska .,,.*,......-.. ,.,. 




2, 885, SSL 00 
3,865,000.011 


tTaniuu , ^ ..... 


\\\\\\ 


Montana* ^ * 


i,aos,ooaoa 


Wyoming,, . ... .. . . 




Coiorido . ... 


2,039,705.80 

348.3ll.fl0 

1,002, 656. 70 




350,000100 
1,823,500100 


NewMeiloo 


OklahofTtn w , 







Total Westcm Flat«i 


174 


12 387 SOI 27 


*J t \ in JOA Wil\ Art 






Washington 


17 
10 
36 
11 
4 
4 
6 
3 


2, 034, SI L 54 
2,058t7ti0 27 




3,409,0001 00 
2,154,00a DO 

300,000100 
20(^000,00 


Oregoa . ................*...** 


,.„,......- 


CaJIfonila , - . 


7,435,433.74 
507,081, ffl 
33a, 620. S4 

505,5flasa 

297,848.52 
207, 07& 31 




Idaho ..„ 


Utah..,.. 


Nevada - . , 


Arizona, .i.*. -- 




Alaska **...,..,, .„ 






Total Pad flc Stat OS ,..„ 


90 


I4,43S,094.92 | 9.0 


15,231,500 00 




Cuba, . „ .,,*..,. *.* , 


3 
1 

I 


7G0^777.M 
305,^.50 
301,041.70 




80O,O00lOO 

320,400100 
300,000.00 


Hawaii ...,,,„ _ , 




Porto RL'CO* ..,..,.«...... p.......,,...,. 








Total IslaodB...,--. .-...,. 


4 


lt373,7ia2S .1 .0 1.429,40a00 




AeeiKAte United Statu 


l,43»J 


lOO.a'iii.SfiO.TO 1 IttLO i lACLiylB dISLSfi 











PUBLIC DEPOSITS IX NATIONAL BANKS. 

The annual report of the Treasurer of the United States for the 
fiscal year 1907 included the transactions relative to public deposits 
in national banks to October 15. 1907, at which time the balance 
therein to the credit of the general fund was $162,708,310.90. Under 
the plan of allotment adopted by the Secretary of the Treasury 



TREASURER. 161 

during the latter part of August, 1907, with a view to furnishing funds 
to aid in the movement of the crops, the deposits in banKs had 
gradually grown. The allotment of deposits to the banks selected 
was made principally to relieve local needs for currency, but it 
was observed that many of the banks had their allotments placed 
with their correspondents in New York City, influenced no doubt 
by the high rates of interest prevailing there, owing to the stringency 
in the money market. 

The transactions in the New York stock market from October 
19 to 26 produced a serious break in values. Public confidence 
was shaken thereby to such an extent that it precipitated with- 
drawals of individual deposits from banks and trust companies. 
The situation was critical and created great anxiety throughout 
financial circles; strong appeals were made for relief by an increase 
of the public deposits in national banks. The Secretary of the 
TVeasury, impressed with the responsibility that attaches to the 
proper use of the public moneys held in the Treasuir, which to all 
mtents and purposes are additional reserves back of the credits of 
the country, hastened to the scene of financial disturbance. From 
close observation and consultation with those in touch with busi- 
ness conditions he was convinced that instant reUef only could 
avert a panic which might be ruinous in its results. Accordingly 
he directed that the public deposits be increased in the depositary- 
banks in New York City, upon a pledge with the Treasurer of securi- 
ties acceptable for savings-bank investments. The amount trans- 
ferred to the banks imder these instructions during the period from 
October 21 to October 31, 1907, was $37,597,000. 

The pressure for relief was not confined to New York City, but 
came from other commercial centers, and in response thereto the 
Secretary of the Treasury, under like conditions, directed that the 
public deposits in some of the depositary banks located in Chicago. 
Cincinnati, Pittsburg, St. Louis, and oan Francisco be increasea 
either by a direct transfer of funds from the Treasury or by retaining 
the receipts deposited in the banks from ordinary sources. The 
amoimt of increase allotted to the depositaries in the respective 
cities was as follows: 

Chicago. Ill $3,249,000 San Francisco $500,000 

St. Louis, Mo 200,000 



Pittsburg, Pa 1,127,000 

Cincinnati, Ohio 1,227,700 



Total 6,303,700 



In several instances the depositaries were dilatory in pledging 
with the Treasurer the securities required; the balance in banl^ to 
the credit of the general fund increased to $207,786,733.22 by 
October 31, 1907. 

The witndrawals of individual deposits from banks and trust 
companies and the withholding of the same from circulation con- 
tinued; banks in almost every section of the country limited their 
payments in currency, and as a result merchants, manufacturers, 
and other business interests found it necessary to retain their cash 
receipts to meet current demands. This reversal of the ordinary 
business methods caused a great scarcity of currency throughout 
the country, y The depositary banks in the interior, while receiving 
collections in the usual manner, mostly in checks, were unable to 
make prompt transfers to subtreasuries in cash or by draft on their 

58716— n 1908 ^11 



162 



REPORT ON THE FINANCES. 



city correspondents, as had been the previous custom, because of 
the refusal to honor such drafts, or, if nonored, a charge was made 
by the correspondents for the currency so paid. All the power and 
available resources of the Treasury were used for the relief of these 
conditions; additional public deposits were placed in banks in 
various sections of the country where there was an unusual pressure 
for currency, as follows: 

NewYork $900,000 

New Orleans 100, 000 

Danville. Ill 50,000 

Greenville, Miss 100,000 

Little Rock, Ark 20,000 

Minneapolis, Minn 250, 000 

Portland, Oreg 200,000 

Pittsburg 500, 000 



Wash ington $200, 000 

Richmond, Va 300,000 

Wheeling, W. Va 50,000 

Helena, Mont 50,000 

St. Paul. Minn 250,000 

Birmingham, Ala ,. 40,000 

Total 3,010,000 



The banking institutions of the country imported unusual amounts 
of gold early m November, and when the gold was received in New 
York conditions immediately improved in that city to such an extent 
that it was deemed expedient by the Secretary of the Treasury to 
withdraw a part of the pubUc deposits from the depositary banks 
therein for use in other places, and accordingly $5,125,000 was 
recalled, to be paid in five equal daily installments from and after 
November 13, 1907, as follows: 

TMe Chemical National Bank, NewYork $375,000 

The First National Bank, NewYork 500,000 

The National City Bank, NewYork 1,500,000 

The National Park Bank, NewYork 250,000 

The Merchants' National Bank, New York 375,000 

The National Bank of Commerce, New York 500,000 

The Hanover National Bank, New York 500,000 

The Mechanics* National Bank, New York 375, 000 

The Chase National Bank, New York 500,000 

The Fourth National Bank, NewYork 250,000 

Total 5,126,000 

Depositary banks that purchased 3 per cent certificates sold by the 
Secretary of the Treasury as a relief measure were allowed additional 
deposits of public moneys, and the amoimts so transferred to the 
banks in the respective cities from and after November 23, 1907, 
were as follows: 



NewYork $7,150,000 

Boston 1,083,500 



Philadelphia. 

Richmond, Va 

Petersburg, Va 

Reno, Nev 

Sidney, Ohio 

Forsythe, Ga 

San Antonio, Tex.. 
Chattanooga, Tenn. 

Lynchburg, Va 

Baltimore, Md 



562,500 

112,500 

107,000 

375,000 

44,250 

50,000 

126,000 

90,000 

75,000 

304,500 



New Orleans $875,000 

Washington 75,000 

Newark, N.J 600,000 

Buffalo, N.Y 187,500 

Pittsburg, Pa 917,000 

Atlanta, Ga 127,600 



Wellsbui^, W. Va. 
High Point, N. C. 
Greenwood, S. C. 
Milwaukee, Wis.. 



50,000 

50,000 

37,500 

375,000 



Total 13,174,750 



The foregoing transactions increased the balance in banks to 
the credit of the general fund to $224,384,881.06 by the close of 
November. 

The dej)ositarv banks to which awards were made of Panama 
Canal bonds, sold by the Secretary of the Treasury as a relief measure, 



TBEASUBEB. 



168 



were allowed to hold additional public deposits equal to 90 per cent 
of the purchase price of the bonds, and accordingly the respective 
amounts were transferred to the depositaries located in the following 
States and Territories, from and after December 7, 1907: 



state or Territory. 



Amount. 



I 

Arkansas. ! 

Ctfifomla 

Colorado 

Cooneoticut ! 

Distriot of Columbia 

Florida. 

Georgia ^ 

Idaho 

nUnois 

Indiana 

I owa.. . 

Kantacky.*.*.*-*.'/.*. '.".*. '."..!'.!'/.!!.!.! ! 

Miryland 

Maanchusetts. 

Michigan. 

Minnesota. 

Miaslssippi 

Miaaouri. 



$306,000 I 
50,000 ' 
67,500 



state or Territory. 



Montana 

Nebraska 

New Hampshire. 

50,000 i New Jersey 

50,000 ,1 New York 

' North Carolina. . . 

Ohio 

Oklahoma. 

Oregon 

Pennsylvania. . . . 

South Carolina. . . 



386,000 
144,000 
994,500 
423,000 

50,000 
400,000 
125,000 

90,000 
190,000 
190,000 
321,000 
695,000 
112,000 

50,000 

153.000 

2,370,000 



Texas 

Vermont 

Virginia 

Washini^n 

West Virginia.. 

Wisconsin 

Wyoming 



Total.. 



** Amount. 



190,000 

347,500 

135,000 

120,000 

5,543,500 

404,800 

830,000 

212,500 

50,000 

3,325,700 

180.000 

18,000 

150,000 

18,000 

909,500 

90,000 

50,000 

50,000 

50,000 



19,791,500 



During the month of December some additional deposits of public 
moneys were made with banks in localities where such funds aided 
in restoring confidence and relieved a local demand for currency. 

The great amount of gold arriving at New York afforded substan- 
tial aid in restoring confidence in that money center, and the premium 
on currency disappeared about the 1st of January, 1908, as the panic 
subsided and as hoarded funds were gradually restored to circula- 
tion. So rapidly did conditions improve that in the latter part of 
December the Secretary of the Treasury recalled $6,916,000 of pubUc 
deposits from depositary banks in New York City, to be paid m ten 
equal daily installments commencing Decemlier 27, 1907. The 
amounts recalled from the respective banks were as follows: 

National City Bank, New York $],050,000 

First National Bank, New York 1, 000, 000 

Hanover National Bank, New York 1, 082, 000 

National Bank of Commerce, New York 750, 000 

Oiaae National Bank, New York 500,000 

Chemical National Bank, New York 500,000 

Mechanics' National Bank, New York 500, 000 

Merchant^* National Bank, New York 500, 000 

Fourth National Bank, New York 300,000 

American Exchange National Bank, New York 134, 000 

Importers and Traders* National Bank, New York 100, 000 

National Park Bank, New York 500, 000 

Total 6,916,000 

The balance in banks to the credit of the general fund attained a 
maximum at $249,233,643.55 on December 27, 1907, after which it 
decreased to $245,556,944.45 by the close of that month. 

In January, 1908, there was a freer circulation of money than had 
prevailed for the previous three months. Unusual amounts were 
returned to the money centers, and several of the depositaries 



164 BEPOBT ON THE FINANCES. 

therein voluntarily returned a part of the public deposits they held 
to the Treasury, as recorded in the statement subjomed: 

1908— Jan. /. National Bank of North America, New York |200, 000 

10. Fourth National Bank, New York 50,000 

13. First National Bank, Baltimore 100, 000 

15. Merchants' National Bank, New York 125,000 

16. Merchants* National Bank, Ph^adelphia 201, 217 

17. Fourth National Bank, New York 200,000 

21. Mechanics' National Bank, New York 243, 000 

22. National City Bank. New York 2,000,000 

24. Mechanics' National Bank, New York 242, 000 

25. New Amsterdam National Bank, New York 88, 000 

27. Mercantile National Bank, New York 140, 000 

30. New Amsterdam National Bank, New York 200, 000 

31. National Bank of Commerce, New York 189, 000 

Total 3,978,217 

During the latter part of January, 1908, the Secretary recalled 
from depositary banks located in New York City $8,850,000 of the 
public aeposits held therein, to be paid in six equal daily install- 
ments from and after January 23, 1908. The amounts recalled from 
the respective banks were as follows: 

Citizens* Central National Bank, New York $90, 000 

National Park Bank, New York 120, 000 

Hanover National Bank, New York 1, 600, 000 

Fourth National Bank, New York 120, 000 

Merchants* National Bank, New York 150, 000 

First National Bank, New York 3,000,000 

Chemical National Bank, New York 300, 000 

National Copper Bank, New York 60,000 

National City Bank, New York 1, 600, 000 

American Exchange National Bank, New York 90, 000 

Chase National Bank, New York 450, 000 

Importers and Traders* National Bank. New York 120, 000 

National Bank of Commerce, New York 900, 000 

Mechanics* National Bank, New York 450, 000 

Total 8,850,000 

The balance in banks to the credit of the general fund at the 
close of January, 1908, was $226,241,418.85. 

During the month of February, money having continued to flow 
from the interior to the financial centers, a number of the deposi- 
taries therein voluntarily returned a part of the public deposits 
held by them, as here stated : 

1908— Feb. 5-7. Consolidated National Bank, New York $150, 000 

10-11. Fourth National Bank, New York 205,000 

15. First National Bank, Baltimore 155, 000 

18-21 . Fourth National Bank, New York 325. 000 

21. National City Bank, New York 3,800,000 

22. Bank of New York N. B. A., New York 100,000 

23. First National Bank, Boston 35,000 

Total 4,770,000 

Tlie Secretary of the Treasury, on February 25, 1908, issued a 
call to 326 depositary banks throughout the country for the return 



TREASUEEB. 165 

to the Treasury of a part of the pubUc moneys deposited with them, 
payable as follows: 

Payable on or before March 9, 1908 $11, 435, 200 

Payable on or before March 23, 1908 17, 150, 950 

A number of the depositaries anticipated the payment of the 
amounts required of them, and thereby the balance in the banks to 
the credit of the general fund February 29, 1908, was reduced to 
9219,543.719.13. The banks promptly returned the amounts called 
as stated in the foregoing and voluntarily added thereto $930,700, 
making a total of $29,516,850 returned under the call. The balance 
in bai&s to the credit of the general fund on March 31, 1908, was 
$190,518,388.93. 

On April 28, 1908, the Secretary of the Treasury, owing to local 
conditions prevailing in the Distnct of Columbia, deemed it advis- 
able to increase the pubhc deposits in depositary banks located 
therein to the amount of $3,000,000, and directed that $2,000,000 
of the amount be transferred to the banks at once and $1,000,000 
on May 28, 1908, to be returned to the Treasury in ten equal monthly 
installments payable from and after July 1, 1908. He also issuea 
a call on 369 depositary banks throughout the country for the return 
to the Treasury of a part of the pubuc moneys deposited with them, 
payable as follows: 

Payable on or before May 9, 1908 $16, 655, 000 

Payable on or before May 23, 1908 24, 798, 000 

The amoimts were promptly returned by the banks at the time 
designated, and in addition thereto $387,000, making a total of 
$41,840,000 returned imder the call. The balance in banks to the 
credit of the general fund on May 31, 1908, was $154,049,500.75. 

On June 10, 1908, the Secretary of the Treasury, in accordance 
with the prqvisions of the fifteenth section of the act of May 30, 
1908, fixed the amount of public moneys needed in each regular 
depositary bank for the transaction of the pubhc business and noti- 
fied such depositaries that they would be required to pay interest at 
1 per cent per annum on the average monthly amount of pubhc 
deposits held in excess of the sum needed, to be computed from 
June 15, 1908, and payable July 1, 1908, and thereafter January 1 
and July 1 in each year. The temporarjr depositaries were also 
notified that they would be required to pay interest at the same rate 
on the average monthly amoimt of public deposits held. 

No material change in the balance in banks to the credit of the 
general fund was made during June, and at the close of the year the 
amount was $149,004,924.29, from revised returns. 

The Secretary of the Treasury on July 2, 1908, issued a call on 
the depositary oanks for the return to the Treasury of $33,261,270 
of the pubhc moneys deposited with them, payable July 15, 1908. 

The banks responded promptly and returned the amounts rec^uired. 
Overpayments to the amoimt of $141,850 are also recorded m the 
settlement of this call, making the total amoimt paid $33,403420. 



166 REPORT ON THE FINANCES. 

No other transactions of note relative to balances in banks occurred 
during the month of July, and the amount therein to the credit of 
the general fund at the close of that month was 9118,836^54.69 
and remained practically at that figure during the months of August, 
September, and October, 1908. 

UNAVAILABLE FUNDS. 

Attention is again invited to the necessity for legislation that will 
clear the accounts kept in this office of unavailable funds and relieve 
the Treasurer of the United States from further accountability for 
amounts which havepassed from his control without fault or negli- 
gence on his part. Tnis subject has been called to the attention of 
Congress by many of my predecessors and has received some con- 
sideration by conmiittees in the Senate and House of Representatives, 
but the desired legislation has not been enacted. 

In the Forty-iourth Congress, first session, the Committee on 
Finance in the Senate submitted a report (No. 371) in wMdi, on 
pa^e 3, reference is made to this question of unavailable moneys as 
rollows: 

All money in the Treasury, wherever it may be deposited or placed f<Mr diflbiirae- 
ment or custody, is charged to the Treasurer of the United States. It is obvious, how- 
ever, that this money may be lost without fault on the part of the Treasurer, by rob- 
bery, accident, defalcation of a subordinate officer, misconduct of depositaries liaviiijg 
it in chai]^. or otherwise. Still, under the law, the Treasurer is responsible and m 
charged witn these sums. Such a deficit would, in the accounts of a firm, be a simple 
plain entry in the profit and loss account by crediting cash and debiti^ the default^. 
But from the fact before stated that money can not be taken from the 'fieasury except 
by an appropriation, this course could not be pursued. An account caUed ''unavau- 
ables " was created, which was charged with tne amoimts, and the Treasurer credited 
in his general account through the statement of an account by the accounting ofllcen. 
This method of relieving the Treasurer is, vour committee are informed, a pimctice 
which has grown up, and is not authorized by law, and for some years past has been 

Prohibited by the Comptroller, and has been discontinued. It is plain that the 
reasurer should be relieved from this responsibility, and that Congress should in some 
proper way provide by law for the dropping of these unavailable funds, by authorising 
a credit to tne Treasurer and a correspondmg charge against the de^ulting officer idio 
fails to pay the money on demand. 

It is desirable that ^ou should recommend such measures as will 
provide for the dropping of these unavailable funds by authorizing 
a credit to the Treasurer and a corresponding charge against the 
defaulting officer who fails to pay the money on demand. There is 

Erecedent for such legislation in the act of March 3, 1837. (5 Stat. 
.., 178.) 

An itemized statement of the unavailable funds will be found in 
Table No. 22 on page 208 of this report. 

GENERAL STOCK OP MONEY IN THE UNTIED STATES. 

The general stock of money in the coimtry at the close of the 
last fiscal year was $3,378,764,020, an increase of $263,203,013 as 
compared with that of twelve months earUer. The growth in gold 
was $151,744,391 ; in silver, $17,919,395, and in national-bank notes, 
$94,545,227, while the Treasury notes of 1890 decreased $1,006,000. 



TREASUBEB. 



167 



The amount of each kind of money mcluded in the general stock 
at the close of the fiscal years 1907 and 1908 and October 1, 1908, 
may be studied in the statement following. 



[This stetament reprasents the ixk 



MoNBTABT Stock. 

stock of the United States, as shown by the revised 
for June 30, 1007 and 1906.] 



Khkd. 


iDTnastity 

and mints. 


In dfcatatlona 


Total Btocik. 




480,56) j638 


1541, eo7, 371 
81,710,444 
121, TH, 401 


tl. 496,389,101 


BUferdollan ,.>>...,.,*«^*«^*.«,«...^* 


'£62'^U06!} 


Subaldtary allrtf _- , 


&,C74,aL7 


130,452,^^ 






Total metalho...... — ,.,.. 


l,393,ei8.0«S 


7C5,lB5,21fi 


2,159,103,301 


Unttad Stated notes.,-..-.-,, ,-*-,^* * 


4,410,961 
I2,4ti& 

14,M(},5aS 


342,270,055 

6,975,536 

580,342,125 


346,081,015 

5,968,000 

603 788 000 


Trwiifi'tfy iK*l*ft of IWOij . ■ x±... ^ i± 


NaUonad*b»nk Tinl;*^.^ , T . r TT, -jj r.rii , 






TotelnotM,,..^^ ....** ,,.-*,.,,,.,,,-...,* 


i8,m,Mi 


837,487,715 


956,457,700 




ABjuoHatv irfi'v^^'^ ^ti'I ^ui^Wt ^ ^ , .tl^ j i..^ n ^ 


l,€U,S88,0TO 


1,703,072,991 


3,115,561,007 




Gold oertiflcatei..^ ,,»--...-...- *** ,,_. 


78,3Sa,57D 
*,5efi.775 


000,0^,299 
470.211,225 


■■ 


BfJTflf certiileatflS -* .-.,,^-..,, 








Total cstlflcat€i . „ -„.-„,,,„.., 


S3,918,345 


J,070,383,5IM 






" 


Ag^TQgate. , . . . , 




2,772,flfie>45fi 


3,115,6^^1.007 


Jumt M, isee. 

Qold coin andbalUoQ ^-,,^,**.h.,*» 




l,ffl)4,SS8.tt8a 
48Q»040, 15^ 


613/244,810 
T0,32Sitia7 
124. 178, 1G.5 


1,618,133,493 
563 277 812 


Sllvir doUaji!.,....*-^.--,,, .,,,.h. 


Subaldiary Silver ,»•_* ,,.,,,. ,, 


23,177.618 


147,36.'V.783 




Tortal metalUo-... ,-, ,„.,.****„ 


1,513,015,4'^ 


813,751,63:2 


2,^,767,087 




0nl(ed Stated notes ^.^- ^.^ .**.,-.*,*, 


7,t!S4.4»4 
18,470 


^,390,322 
4,9^3.530 


346.681,010 

4.9K2,O0O 

flte, 333,917 


Tnasitrr ek>(^ of 1800. . ^ . x ^ 


Htiknd>b«3ik notm 




Tot»] notu... ..,„ ,,,.*.*. 


73,ft68,JOl 


97(i,00»,53lr 


l,049,9»R,«3a 




AjEftT'WH'tf^ TTiAtAlHn iLnri T&ntfMi^ ^ , ^ , 


1,588,003,856 


l,73a.7«),lM 


3,i17H,7tW,Qa0 




Holft rwftlflmLtitfi ..■■,,.,..,., 


39,947, 250 
0,071,295 


762,975,619 
411-1, 27S, 705 


^^ 


SUver cartlUcstes ,.„,..--,„ 








Total ceftlOcates- --.-,..,... -,...„.,,»...»» 


49,018,54* 


1,348, 255,334 








AeereBato- - - * ......,.,, 




$,088,015,488 


3, 3TB, 704, 0«) 






OeUibcr 1, 19m. 
Ckid OOtn and bolUan ,.,....,.. ._-*^* - ^ 


1,C07,736,368 

4aB,«s,sa& 

21,746,013 


€15,95.5,118 
75,084,147 
124,024.077 


1,643,681,380 
503,493,8^ 
145,770,080 


SB«rdflflM»._.7^- -:/-:::::::::: ::::^ 


StfMllsiT iflWr . . ...,,..,,...,...„ 




Total metalllG.. *. ... .. 


1,537,882,110 


S15,0«3,342 


2.352.945,458 




Uvltid Btata iMrtm.. . . . 


5,«»,5&1 
3d,S2»,288 


341,190,405 

4,750,8» 

Cas, 783,0* 


346 JiSl, 01*1 

4,7ft7,0OO 

675,lil2,327 


TiMLUf notw of ISeo 


wfflSailmkTifft™^ 






Total lUitM.- _ 


45,^030 


081,734,313 


1,027,000,343 




Aggn^gBte motaUlG and tiotMi- , ..^..-^..^, 


i,5ea,3is,i4e 


l,11M,38T,e65 


3,380.005,801 




O^d oertlflcates „,„ ,....„ 


36,37B,10A 

l:2,364,05S 


80B.flC7,7!J4 
475,843.043 




StlTvr eertllkKtm ._ .-.. 








Total cvtlflcottt-..-.-., ,.. . , ,.,., 


48,742,1^3 


1,281,511,706 








Afti^^i 




3,078,2W.3W1 


3,380,005.801 







168 



BEPOBT ON THE FINANCES. 



RATIO OP GOLD TO THE TOTAL STOCK OP MOKEY. 

There was a noticeable increase in the ratio of the gold to the total 
stock of money during the last fiscal year; the advance was from 
47.06 per cent July 1, 1907, to 47.89 per cent July 1, 1908. 

The volume of gold in the general stock of money in the country 
and its ratio thereto on July 1 in each year since 1897 is given in the 
annexed table: 



Ratio op Gtold to Total Stock of Monbt from Jult 1, 1887. 
[From the revlaed statements of the Treasury Department.] 



Data. 



Tat&l stock of 
mooey. 



Gold. 



F«r eent 



Jul J 1, 1S97 
July 1, iSflS 
Jolj 1, 1S99 
July 1, I90n 
July 1, 10OL 
Jiify h 10O2 
July 1, 1803 
July 1, 1904 
July U 1905 
JuJy U 1300. 
July 1. 1907 

ruij^i.tyos 



Si,go5,99e.ei» 

2,073,574,442 
2,l9O,093>905 
2,339,700,673 
2, 4S3, 147,292 
2,503,266^^ 
2,C84,710,9fe7 

2, S03. .y)4, 136 
2,B8a,109,8fi4 

3, €09, 976, 691 
8,n5,738r8S7 
8,37a,T54p€Q0 



SGeo.33»,Ql6 
Ml, 514, 780 
963.498, 3S4 
1,034,384,444 
1,124,639,0^ 
1,192,594,589 
J.24e.6Sl,62& 
1,327.056,398 
h^7,0&&,9aft 
1,475,706*765 
I,4Q5,3S9,101 
1,018,1^,493 



30.® 
41 54 
43/99 
44.21 
45.29 
4(> 52 
40.51 
47.3fi 
47. 0> 
48.(17 
47.04 
47. S» 



MONEY IN CIBCULATION. 

The money in actual circulation at the close of the fiscal year 
1908 amounted to $3,038,015,488, an increase during the year of 
$265,059,033. The circulation per capita of $34.72 is exceeded only 
by that of France. 

Comparisons by kinds of money in circulation for the years since 
1897 are recorded in the table following: 

Monet in Circulation at the End of each Fiscal Ybab from 1897. 







Money in clrculatlou. 


t»ttoa 
per 

capitis 


PqtobiiV 
t^ktou] 

ttHW 


FlMOBi your. 


Gold coin 

aiid coia cor- 

iLocaUis 


United 
States noU!d 
and TreaAiry 

notes. 


Natlonal- 
baok notes. 


aiivpf 

peTtllicat«3^ 

sUndard 

dollara, luid 

subsidiary 

dJTPr. 


Total. 


1^ 

i«9e 

isoo 

1900........: 

1901........ 

lOtfi.. ...... 

i9oa 

1904,.. 

1905 

1900 

1907 

1908 


1564, S76, 027 

(103,762,052 

712,303,9flO 

S1U539, 491 

87ti,£!7,U4 

938,799,29^ 

994.519,2®! 

1.111.472,675 

1,130,274,338 

IJ 85,210,924 

I.lfil,7fl9,e70 

1,390,221.429 


$,190,384,139 
4(^,440,459 
42i,lg8,WM5 
392,9SD,437 
377,fti9,ft44 
3(^,094,49(B 
353,335,215 

341,002,715 
343/J77,540 
348.245,590 
r444.3:F0 KTitJ 


1325,544,351 
2-2'2,990,98S 
237. BOS. 439 
300, 115, 112 
S45.110,S01 
345:470,516 
390,990,709 
433.027,S36 
4«>,02g,849 
MS.001,23« 
689,242,125 


f4<^.406,002 
512,600,390 
533,r«3,S07 
550,515,908 
S75,«00<093 
001,020^239 
019,850,947 
1527,980,807 
629,880,751 
060,1.50,920 
<l73,699,fl70 


11,640.209, ai9 
1. 837,850,895 
1.904,071,881 
2. 055,150, 908 
2,175,3Q7.0«2 
2,24»,390,fi61 
2,367,692,1*39 
2,519,142.860 
2,587.882,653 
2,73e.640.ffiJ8 
2,773,950.455, 


25.15 
26. 5B 

26.04 
27.98 

2&4a 

29.42 
3a 77 
31. Oi 

32.79 

84 72 


33. B9 

a7,7* 

X7.4I 
4VL4§ 
«.« 
41.71 
«Z.OO 
44.12 

4tLao 

41.90 
4S.«S 



NoTE.~Cunx>ncy certificates, act of June 8, 1872, are included in the amount of United States 
Treasury notes during the years when they wore in use. 



TREASUREB. 



169 



CIRCULATION AND POPULATION. 

The money in circulation for the past eleven years has steadily 
increased; the growth per capita advanced from $22.87 in 1897 to 
$34.72 in 1908. The population of the United States has more than 
doubled every thirty years, while the wealth of the nation has more 
than doubled, every twenty years. There is legitimate demand for 
an enormous amoimt of money in developing the growing industries 
and expanding the trade relations of the coimtry, but there is no 
method employed by which that demand, per capita, can be measured. 

Some rule of action should be formulated that would not be so 
misleading, and one that would more accurately measure the volume 
of money required for the increasing activities of business. It is my 
opinion that the volume of currency should not be based upon the 
individual man or per capita, but upon the volume of products pro- 
duced by man, measured by the market value thereof. 

Data relative to circulation and population at the end of each 
fiscal year from 1897 will be found in the table following: 

Incbbasb in Population and in Cirgulation per Capita. 



FLscat year. 


MoDoy la 
droulAllJoii. 


Popuiatlon. 


ClnmlAtlon 
per captti^ 


Per pent of 
InoraoM 

of popular 

tUm per 

y&ar, 

L9 ' 


Per cent uf 

(Jou per 

cfiptu pel 

jew. 


imr -. 


Sl.GI0,20»^51fi 

l.Sjr, 850,895 

1,904, en, S81 

3, 05«, 150,999 
3,175,307,902 

2,Wfl,H2,SfiO 
a,«7,SK2,G53 

S; 772,1150, «5 
3,038,01&,l»i 


71,704,000 
73,000,000 
71.433,D(U 
70,205,220 
77,7£^.000 
70,117,000 
8D;4S7,000 
81,a67,ODO 
83,2(50,000 
S4, 052,000 
86,074,000 
^7,496,000 


tSZM 

26.58 
^94 
27.98 
2a 43 
29.42 
3a77 
31, 0§ 
32,32 
32.22 
3472 


6.e 

9.9 


Mft...., 


L7 


ii09 , . 


5.3 


Sff;:;: 


3. S 


tKB^ ..... ....... . ... ... . 


1.6 


SS,. ,:::,■:::"::.:.:::. .::...„: 


3.5 


IflM , .* **.,,, 


1 5 


Ii06 


LO 


ItOfl „,., „.,..-..... 


3.9 


ltlF7 ....- ^.... 


■ 0.S 


leoi ,.,..,*..,. 


7,8 







a Decrease. 



cx)NDrnoN OP the united states paper currency. 

The paper circulation issued directly by the Government is in 
better condition at the present time than for many years past, 
owing to the replacing by new issues in kind of large amounts of 
worn notes and certificates returned for redemption during the past 
three years. However, there is necessity for legislation that will 
equalize the expense of redemption between the different sections of 
the country, and that will require the return of all worn currency to 
the Treasury when received by depositary banks and postmasters of 
the first and second class. 

The national-bank circulation is kept in good condition mainly by 
the legislative provision that requires the banks to bear the expense 
of transporting their circulating notes to the Treasury for redemp- 
tion. It is su omitted that the Government, in justice to the people 
of all sections, should maintain and keep its paper issues in good 
condition, and that for sanitary reasons it should provide for its 
transportation to the Treasury for redemption. 



170 



REPORT ON THE FINANCES. 



UNITED STATES NOTES. 

The United States notes issued and redeemed during the last fiscal 
year were $123,610,000, an amount that has been exceeded but once 
(in 1905) since the close of the war of the rebellion. • The demand 
for small denominations of currency is at all times urgent, and the 
gradual growth in the volume of United States notes of the denomi- 
nations of $5 and under outstanding, by substitution for the higher 
denominations redeemed and retired, is the result of the efforts made 
by the department to supply the demand. 

The amounts issued and redeemed, by denoininations, during the 
fiscal year 1908 are recorded in the table following: 



D^aomtnatJOD. 



OutataadlJig 
1907. 



Issiied. 



OntstKnd&if 



One doUaf * , . . 

Two dollEirs. . ,, , „ ^■^.^ 

Five dullafs ...... 

Ten dollars^ «»,«,«^,.. 

Twtntj doiJivrs 

Fifty iiollars..... 

One huntjTwl dollars. . 
FlTB hundred doUara. 
Otub thousand dollars . 
Five tbousand dollars 
Tea thoasand dollars . 

Total ,.... 

Unknawn, destro]^ed. 

Net 



fl,8rfi.3Sg 

6, 620 J 15 

283,7a7,7l3fl 

17,506,262 

3.441pft25 

6,224,250 

7,111, €00 

19,^,000 

lO^OCO 

10,000 



t7S,2^,000 
22,4!M,Q00 
3.SSO,000 



% 300, 000 
350,000 

I7,4S0,0C» 



347,681,010 
1,000,000 



123,610,000 



S4a, 681,016 



123,610,000 



S14.D16 

13,344 

0, £23,650 

102,019,770 

3,275,240 

460,150 

}J0S,S00 

1,360,000 

4| 410, 000 

1Q,000 



|l.S0i,3l» 

1,408* oat 

75,316,469 
203, 317, A» 

I7,l7l,0ja 
2,W5,77§ 
7,315,450 
5,001,09 

32,l01,OQi 



m»6lO|0G0 



347,fiBl,61« 
1,000, OQD 



123,610.000 3«6,«Bl,aU 



TREASURY NOTES OP 1890. 



The issue of Treasury notes of 1890 for the purchase of silver 
bullion began on August 19, 1890, and from that date to November 
1, 1893 (tne date of the repeal of the purchasing clause of the act), 
the Government had purchased 168,674,682.53 fine oimces, at a cost 
of $155,931,002, for which Treasury notes had been paid. 

Under the provisions of the act of July 14, 1890, all Treasury notes 
redeemed in standard silver dollars are canceled and retired. ALso, 
sections 5 and 8 of the act of March 14, 1900, provide for the cancella- 
tion and retirement of such notes to an amoimt equal to the coinage 
of standard silver dollars and the cost of the bullion used in dSe 
coinage of subsidiary silver purchased with such notes. The total 
amoimt of Treasury notes retired under the foregoing provisions has 
been as follows: 

Retired on account of redemption in silver dollars 184,393,976 

Retired on account of coinage of silver dollars and substitution of silver 

certificates 44, 954, 299 

Retired on account of coinage of subsidiary silver 21,000,727 

Total canceled and retired to June 30, 1908 150,949,002 

There remained outstanding Jime 30, 1908, but $4,982,000, offset 
by an equal amount of standard silver dollars held in the trust 
funds for their redemption when presented. 



TBEASUBEB. 



171 



The amount of each denomination redeemed during the year and 
the amounts outstanding at the close of 1907 and 1908 are recorded 
in the table following: 





OutstandiDff 

June 30, 

1907. 


Bedeemed 

during fiacaL 

year 1906. 


Outstanding 
Juns 30 




1908. ' 


One dolltf 


$462,987 

324,298 

1,355,185 

2,190,410 

26,660 
312,400 
218,000 


$28,606 
26 154 
210,790 
432,350 
202,900 
4,100 
43,100 
58,000 


$434,381 


Two dollftn 


298144 
1,144,305 
1,758,060 

895 170 
22,560 

269,300 


?!▼• dollan 


Tm dollftn 


TwflDtT doUan 


ilftr dollBn 


One huniiwl dollan 


Opft ttuHVund doUan 


160,000 


" 


Total 


5,988,000 


1,006,000 


4,982,000 





GOLD CEBTIFICATES. 

The amount of gold coin actually used in the channels of trade is 
less than one-half of the general stock of gold coin in the coimtry, 
owinff to the increasing popularity of the ^old certificates, which 
are the representatives of gold coin deposited in the Treasury under 
provi&ions of law. The growth in the stock of gold is largely indi- 
cated by the increased volume of gold certificates outstandii^. 
Since 1896 the stock of gold has increased $1,016,071,331, while the 
Yohime of gold certificates has taken on a growth of $776,965,680. 

Recent legislation authorizing the issue of gold certificates of the 
denomination of $10 has enlarged the resources of the Treasury for 
res^nding to the wants of the people in the way of small denomi- 
nations of currency. 

The transactions in gold certificates during the fiscal year 1908 
are set forth, by denominations, in the annexed table: 



Dfiiujiiiinatloa. 


OutslsodlDg 


FbcalyearigOa 


OntstandtEig 
luDe 30» 190§. 


baued. 


Bedeomed. 


Tffff *f <*lllir^ n ■ 1 ■ ■ I J, 1 r .......... 1. .. E . .1 - 


135 000 

2S0p77Sp364 
50,115,155 
71,a58.SBO 
17,065,000 
61, 34a. 500 
SI, 315,000 

146,33^000 


1107,760,000 
07,280,000 
12,000,000 
15.600,000 
6, ICO. 000 
14,300,000 
17,000,000 
13S.320.000 


60,820,260 
M,<47,400 
14.144,000 
3.&40,500 
10, mi, 000 

iei.ifi5,ooo 
no,7w,ooo 


t98,177,ie0 


Twi*ntT doll&rs. _ < . * _ _., . ^ ...*._. ^ ^mm^*-*.*-.*. . . 


257,238, 1(M 


Y\f%Y 4f>ilftr^- , - . r m .T....Tr..xp...T.rFi..TTTT.T 


.WJM17,755 


Onn h'^n^^^Bd dulian ..^^.^^ ^ ^ ^. ^<. 


72 S14 £S0 


FIt» bmidiiid dollafi. .^ ... . 


10.Ti24,600 


Ona tbotnand d^«T .... ........ 


65t451 50Q 


Ffffi thnnunfl dnilani,. ...-.^....^.......^.-r^TT 


82,150x000 


l^wi thofflHirHi dollMflj ^ JL. ^ ^m^^ 


173,7tSO,OO0 




Total..... 


678,244.808 


ff78,3e0,00Q 


23^,821,000 


aift,7B3,fiaa 





SILVER CERTIFICATES. 

The silver certificates are issued principally in $1, $2, and $5, and 
supply largely the demands for currency or the smaller denominations. 
The volume of the smaller certificates became somewhat redundant 
during the later months of the last fiscal year and were returned 
to the departnient for redemption, thus necessitating the issue of 
oertifikMktes of higher denominations in order to pay for redemptions 
ill kind. 



172 



BEPOBT ON THE FINANCES. 



The amount of each denomination issued and redeemed during the 
year and the amounts outstanding at the close of 1907 and 1908 are 
recorded in the statement following: 



Denomination. 


Outstanding 
June 30, 1907. 


Fiscal year 1908. 


OqtBtandixif 
June 30, im. 


Issued. 


Redeemed. 


One dollar 


$108,051,458 

55,024,094 

289,604,597 

12,396,521 

7,835,550 

1,871,860 

907,420 

35,500 

50,000 


$106,832,000 
46,064,000 
125,100,000 
8,800,000 
8,960,000 
6,600,000 


$102,077,663 

45,044,352 

151,075,315 

3,001,410 

2,022,260 

430,000 

120,000 

5,000 

7,000 


$112,806,796 


Two dollars 


56,043,743 


Five dollars 


263,029,282 


Ten dollars 


islio&iii 


Twenty dollars 


14.773,280 


Fifty dollars 


^oitSo 


One hundred dollars 


toJSo 


Five hundred dollars 




30,600 


One thousand dollars r ^ - - 




43,000 








Total 


475,777,000 


302,356,000 


303,783,000 


474,350^000 







CHANGES IN DENOMINATIONS. 



The changes effected by issue and redemption in the total amount 
of each denomination of United States paper currency outstanding 
may be studied in the subjoined table: 



DenomLnatlon* 



Outstaodltig 
Juno 30, 1907, 



Fiscal jmr I908v 



lasuffiL 



R^eem«d. 



Outatandlng 
Jun6 30, IQOil 



One dollar 

Two dollars. , .,.„-._ 

FlvedoJJara .* 

Ten dollars. . ^ 

Twpaty doUars.,,,., 

Fifty liollars ..„ 

One hunciretj diLiLlar^i. . 
Five hundred dollafS. 
Quo UiQiiBi^ud UuUiLra . 
Five thousand dollars. 
Ten thousand dollatg. 

Total.. , 

Unknown, destroyed . 

Net 



siio,3so,$3a 

66,7Ue,7«2 
297,579,897 
29S,3S0>037 
277,278,246 

81,254, £0Q 
146,240,000 



1106,632,000 

45,Ci>4,0Q0 

203,320,000 

130, (HO, 000 

70,120,000 

18,600,000 

17,800,000 

6,450,000 

31,780,000 

17,000,000 

138,330,000 



tl02,120,aifi 
45,083,^50 
100, 309, 755 
Ua>B72.370 
ti«>,m660 
lif,^7,&50 
15,412,000 
£,fiO5,fi00 
H079,€00 

ic^m,ooo 

110,790,000 



SU5,101,51f 
£7, 74^,912 
340^ 000,143 
321, 448,207 

ai,7^»40 
SI, 187,090 

«$,35&,500 

S2, 1^0,000 
173,770,000 



1,507,G9C,S85 
1,000,000 



S04,32l>,000 



665,2^,000 



J,640,7%^£S& 
1,000, OOQ 



i,Aoe,u90,8S6 I aa4,a2i},ouo 



1346, S£0, 000 



1,045, ne^s^ 



PAPER CURRENCY, BY DENOMINATIONS, OUTSTANDING SEPTEMBEB 

30, 1908. 

The denominations of each kind of paper currency outstanding may 
be studied from the monthly statement for September, 1908: 



1 


TreaaUTf 

notes <H 

IgOOi 


KatLoniLt* Gold 


silver 


TtttttL 


OtiPdolhir 


IUSS8,412 
1,404,376 


W27,K21 


1343, »75 

hi4.47U 




tll7,503,£75 


iiariL isa Ma 


Two dullurs * ^ 




25fl,t]e7,i€a 482;27ik2ea 


Flvu (iojlurs.. .,..„„-. 


85,st%pS7& ' i,m,m i3&,m[m 




T(?n iltijlars .__ ,.. 


m.m,38fi l,6J0,01fl 282*238,100 Iias,4l5.«0 
IS, 908.942 &49,73li f 196,175.»40 24a,0S8.324 
2,gB0,5T6 22.550 i 17.7(i7/TOO 43.ii47.iaS 


S2, 301, 671 007,313,657 


Twf'nts'' dollijrs » , .,,.,, 
Flfly tloUara ..._*. 


14,072,010 1 476, 004, MA 
10,411,EKjO 79>IN0,Oil 


One hunUnnl flolljifB--. 
Flvfl hiiudrfKl >dollafs^> 


7,00S,4SC1 

&. ^1,000 

ai>, 437,000 


ail, 400 


3Sl,(i72,B00 70, 804, MO 
92,000 lfiRM.£flO 


707,430 110,111,720 


One thoiiSftiifl dwJlJiri— 
FIvf! ttmiisnnil dallais 


i5a,ooo 


24,000 
__,_ . 


e&, 840,500 
L«l,aG0,1X» 


40,000 


103,503,500 

m,5O5,O0O 

1«^ 060,000 

43, 9B 


Tf*n t hoiiiiAfkl dftHnm^nrr 


^ • ■ m * 1, * f 4 » ■ « > 

10.000 








Troctlonat uorts. .....-« 




43,flS2 














Total.- 


347.681,016 
1,000,000 


4,7^,000 


675^613,337 


SC,04&,8fie 


«8,aD8,0QD 


1,000,009 










Net... ..,„, 


m,m,m 


i7Q?,000 


fi7i^6l3,aff 


S4a,(H5,i6» 


4«s,ao«,ooo 


a,36T.a4»jii 





TREASURER. 



178 



RATIO OP SMALL DENOMINATIONS TO ALL PAPER CURRENCY. 

The ratio of denominations of $10 and less to the total paper cur- 
rency, by fiscal years since 1897, and on October 1, 1908, is stated 
in the table following: 





Total paper 
currency. 


DeDommatloiia or SIO and loss. 


jm^ 


Ot)p 
dollar. 


Two 
dpllan. 


rivB 
doU&ra. 


Tea 


Total. 


Jiilyl^lWT... _.,...,. 


11, li}9t 73^.004 
1,139, 339, 4C32 
l,144,206,8ffl 
1,380, a32n3& 
1,473, 1T7,«92 
1,534, 9(i2JflO 
1,(J64,420,5S5 

1,775, 000, eso 

1,635.868,791 
I,fl5a,7l2.£46 

2,iu,u*a;67* 

3,345. 130,MX; 
2,3fie, 314,212 


3.9C! 
4.3ti 
4.88 
4.30 
4.34 
4,ti3 
4.97 
4.71 
5.00 
&31 
5.24 
4,92 


2.ST 

2LB0 

2.09 

2174 

a. 74 

2.77 

2.g3 

2.(t6 

^73 ' 

2.B1 

2L0O 

2.46 

2.47 


22. as 

24. 10 
25.10 
21.20 
20.72 
21.34 
2M0 

10,83 
19. (>7 
19. 4S 
20.70 
20.45 


25.60 

2S.11 
2«.72 
27 11 
27.44 
37.87 
23.94 
27.43 
27.43 
25.M 
2ti.0O 
25. T4 


54.05 


Julyl. I90« „ ..,.„.- 

July 1, ism..,., 


5;*, 24 
01.07 


July 1, 1900,, w. -,.„.,.. 


5&,02 


July 1. isoi,.... _ .* 


54,111 


Julv 1, 1902 ,..,„. 


5ti.l8 


JuLv 1. i90S, ._*, 


oa.77 


July i, 1I»CM».. ..^*» 


54.68 


July 1. IfiOfi... ]...„. „, 


55.00 


July I. IflOtt - .„„.„.. 


54.03 


July I, 1907 _ _,* 


53.26 


July 1, IWS. .., ,,.,,.,,..*..... 


64.19 


0«t4>be; 1, 190& ,.,,,. 


53.70 







DEMAND POR SMALL DENOMINATIONS OP CURRENCY. 

The growth in the volume of the $1, $2, $5, and $10 denomina- 
tions or paper currency for the past four years may be observed in 
the comparative statement following: 



Denomination. 




Amount outstanding- 




July 1, 1905. 


July 1,1906. 


July 1. 1907. 


July 1, 1908. 


One dollar 


192,896,514 

60,206.802 

304.217,427 

603.693,702 


$103,746,656 
49,126,432 
384,414.662 
636,000.012 


$110,734,082 
66,934,470 
411,406,602 
646,789.387 


$116,446,396 


Two ^Mlv* 


67,914,382 
487,684,667 


FIvedollars 


Ten d(41ars 


609,829,367 






Total 


1,010,913,446 
4.3 


1,073, 287, 6<)2 
6.1 


1,124,834,641 
4.8 


1,270,873,702 
12.9 


Per cent of increase 







COST OP PAPER CURRENCY. 

Many inquiries reach the department relative to the cost attend- 
ing the production, issue, and redemption of United States paper 
currency. The subject is carefully investigated every third year; 
the last reckoning was made upon the experience of 1906, and may 
be studied in the statement following: 

Cost of each 1,000 sheets of paper delivered to the Bureau of EDgraving and 
Printing $5.95 

CoBt of engraving and printing each 1,000 sheets (4,000 notes) of perfect work, 
deliver^ to the Treasurer of the United States 42. 09 

Cost of sealing, separating, bundling, and issuing each 1,000 sheets (4,000 
notes) 6.00 

Total average expense of 4,000 notes issued 54. 04 

Total average expense of 4,000 notes redeemed , 8.80 

Aggregate average expense of issue and redemption 62. 84 

Avenge expense of issue and redemption of each note 0. 01571 



174 



REPORT ON THE FINANCES. 
Total Expenses of Issue and REDEicpnoN. 



Fiscal year. 


Number of 
pieces. 


1,000 
pieces. 


Total eoet. 


1907. 

Issued. .. r,..^r,--^rT 


173,003,911 
161,434,830 


818.61 
X20 


85?, 166. 00 


Redeemed 




Total 






2,008,666.64 








190B. 
Issued. 


189,999,912 
172.178,677 


13.61 
X20 


2,653, aoa 00 

878,79187 


Kedeemed 




Total 






2,082,182.87 









Unitbd States Paper Cubbency Oxttstandino and Cost op MAiNTBNAircs. 





Fiscal year. 


Amount out- 
standing. 






Amount. 


Peroent. 


1907 


$1,506,090,885 
1,645,796,885 


82,608,656.64 
2,932,182.87 


0.178 


1008 


.178 





AVERAGE LIFE OF PAPER CURRENCY. 

The hard usage of the paper circulation during the last few years, 
necessitating its frequent renewal, has shortened its average lifetiine 
of usefulness. 

Data relative to the average length of service, in years, of the 
different kinds and denommations of paper currency may be studied 
in the table following: 

NuMBEB OF Notes and Certificates Issued and Avebaqe Lifetimb op Each 

IN Yeabs. 





Total Dum- 
ber of notes 

(Siued to 
JiiaQa»,lQOa. 


Calculated 
a£|fei^tennm- 
im of lite 
yeaiBflxn^ 
Ti«[iced when 
redeemed. 


Bevumnc 

lifetimcor 
«arfino*« 


UuEted States notes (issue begui Apr. 22, 1882); 

One doUar, , , , ,..„„.,... \ 


188,384,160 

93,381,6^ 

]34,348,3Ji2 

133.£33, 124 

26,678,130 

2,M0,3O4 

l.WO,l» 

438,3® 

433,088 

4.000 

4,000 


678,800,073 

208,300,688 

633,036,838 

400,808,820 

158,001,89 

17,915!. 281 

11,787, ess 

1,634, 47li 

l.OOJ,^ 


SwOn 


Two doltan. ....... ...w.,.^,... »..,.,.,.^ ^ 


3.101 
8.074 


Five dollars , 


TtodoUsre 


1.001 

IS 

.100 


TwBDty dollars. ...,...,...*... 


Fifty doUws , .„...,,..,.. 

One liuadred doUarB.^.. «.,,..«..« , 


Five bundrari doll&n „,,.,. ,„,^...„,. * 


One thorisand doHus^... ........ «.,.^..^.^. .., . *^.. 


Five thousand dollara.^..,.. -.* #•,-*,,,,,-,,...* 


Twn thousand dDlJarg^,.,... .--.....„>*,.,.__ , 




AUdanutnlnationa, ...>.. _...„, 


681.064,004 


'2.005,166.184 


8.000 





TBEASUBEB. 



175 



NxTKBBR or Notes and Cebtificateb Issued and Avebaoe Lipetimb of Each 

IN Years — Continued. 



Kind and denomination. 



Tratsnry notes of 1890 (issue began Aug. 19, 1890): 

One dollar 

Two dollars 

Five dollars 

T«n dollars 

Twenty dollars 

Fifty dollars. 

One hundred dollars 

* One thousand dollars 



All denominations. . 



Odd certificates (issue began Nov. 15, 1865): 

Ten dollars 

Twenty dollars 

Fifty doUars. 

One handled doUars 

Five hundred doUars 

One thousand doUars 

Five thousand doUars 

Ten thousand doUars 



Total num- 
ber of notes 

issued to 
June 30, 1906. 



64,704,000 

24,904,000 

24,148,000 

10,468,000 

1,788,000 

23,500 

180,000 

52,568 



Calculated 

kte num- 

oflife 

years expe- 

rienoedwoen 

redeemed. 



111,310,996 

46,144,750 

71,046,079 

38,492,012 

7,040,204 

86,255 

646,364 

100,163 



126,268,068 | 274,866,823 



10,780,000 I 
28,760,000 
2,704,000 
1,994,343 I 
206,088 
300,681 , 
136,206 

131,006 : 



821,316 
664,051 
170,025 
680,766 
652,957 
836,717 
229,520 
195,907 



Resulting 

average 

Ufetimeof 

each note 

in years. 



1.720 
1.862 
2.942 
3.677 
3.937 
3.670 
3.590 
1.905 



2.176 



.911 
3.048 
3.300 
3.354 
3.137 
2.782 
1.685 
1.495 



AU denominations | 45,014,326! 115,260,259 



2.560 



SUver certificates (issue began Apr. 11, 1878): 

OnedoUar ! 915,688,000 

TwodoUars 229,016,000 

Five doUars 345,352,000 

Ten doUars 58,331,400 

Twenty doUars 14,991,300 

Fifty dollars 1,521,000 

One hundred doUars. 815,400 

Five hundred dollars 33,300 

One thousand doUars j 32, 490 



AU denominations 1,565,780,890 



1,112.018,043 


1.214 


316,911,840 ■ 


1.383 


669.557,068 , 


1.936 


203,198,933 


3.483 


58,774,677 ! 


3.920 


4.767,647 


3.134 


2,245,167 


2.753 


62,538 


1.878 


45,894 ! 


1.412 


2,367,681,707 1 


1.512 



Kind and denomination 


Total num- 
ber of notes 
issued to 
October 31, 
1907. 


Calculated 
aggregate num- 
vearsexpe- 
rienoed when 
redeemed. 


Resulting 
average 
lifetime of 
each note 
in years. 


Natkioal-bank notes (issue began Dec. 21, 1863): 
On« doiia*" 


23,169,677 

7,747,519 

215,888,032 

133,857,642 

42,968,271 

3,435,319 

2,949,933 

23,894 

7,379 


101,058,238 

34,500,911 

764,826,262 

466,232,281 

161,664,994 

14,638,282 

11,888,708 

124,506 

24,665 


4.361 


Twn<fni|«n( 


4.464 


Five doUars 


3.542 


Tmidniltni. 


3.483 


T«nnty<^nl|«n(. 


3.762 


Fifty oollen 


4.261 


One'hondred doUars , , 


4.030 


Five hmidrad doUars 


5.210 


Aim thousand doUnn 


3.342 






All d«ifioniinfttio)ns 


430,047,666 


1,555,048,849 


3.616 







PAPEB CURRENCY PREPARED FOR ISSUE AND AMOUNT ISSUED. 

There were 266,306,572 pieces of United States paper currency in 
circulation October 1, 1908, which must be replaced when worn and 
redeemed. Heretofore it has taxed the full capacity of the force 
engaged in the preparation of new currency to meet the demands, 
but with the increased facilities recently authorized and installed it is 
believed the output will be sufficient to provide for the accumulation 
of a reserve of such denominations as may be required. 



176 



BEPORT ON THE FINANCES. 



The number of pieces and amount of paper currency prepared for 
issue and the amount issued since 1902 is set forth in the subjoined 
table: 





Prepared for issue. 


Paper currency issued. 


Fiscal year. 


Number of 
notes and 
certificates 


Total value. 


Average 
value. 


Number of 
notes and 
certificates. 


Total vahie. 


Averaga 
value. 


1902 


136,721,000 
148,446,000 
159,463,000 
155,389,000 
157,425,000 
178,180,000 
197,012,000 


$591,580,000 
617,936,000 
762,820,000 
510,524,000 
602,172,000 
679,480,000 
858,944,000 


$4,326 
4.162 
4.783 
3.285 
3.825 
3.813 
4.359 


116,607,874 
141,235,371 
152,908,853 
169,259,812 
172,930,548 
173,093,911 
188,999,912 


$466,906,000 
551,038,000 
660,026,000 
637,540,000 
629,826,000 
698,273,000 
804,326,000 


$4,000 


1903 


3.901 


1904 


4.251 


1905 


9.766 


1906 


3.643 


1907 


4.031 


1908 


4.266 







The issues of United States paper currency, by months, for the 
fiscal years 1907 and 1908 and first quarter of 1909 are stated in the 
table rollowing: 

United States Paper Currency Issued during the Fiscal Years 1907 and 

1908. 



]£l»Qtfa. 



July.. 

AUKllSt..* .„*.**. 

fieptembei* 

Octohfur.. ,,...,„ 

Novembrr...... 

DHtemlicr , .,„ 

JanuRiy...... — . 

February ...„ 

Mftifh-. -.,,....■ ,,,.*. 

April 

MSy.......... 

Jnm. .......... .......... 

Total 

Fer cent or iTiprea» over 
prece<]:1iie year 



Fiscal year X907* 



Number of 
notes and 
corUflcate3. 



13tS73,0O4 

12,673,277 
15^230,953 



lTI,0tt3,911 



AjBouni. 



m,IX>4,0Q0 
44,048,000 
i9,B31,000 

etJ.siWpOOO 

46,67«,000 
fig,O76,000 

Ti.wte.ooo 

JS&, 060,000 

fia.a&i,ooD 



tag 



A^v«rage 

value o! 

llOtfla 

and cer- 



I3.7&S 
3.4SI3 
47lMi 
&S43 
3.583 
3.ri2 
4.3S6 

s.ms 

3.B79 

3.701 
3.2r« 



i(m 



FlKsl year 1^08. 



K umber of 
notes am\ 
certificate. 



Amount. 



ia,O4ff,O10 

JS,4^,71i 
U, 453,650 
ll,»31,376 
l4,fiW,2S7 
14,167,338 
15p 43^053 
l^,Wi8.0H 
lr\I6fi,Gg7 
l(j,0ai,009 



a.3 



S68,&t),000 
€6,788,000 
£6,030,000 

104,434,000 
£0,6S&,000 
49,\^,0Q0 
^,74d,0d0 
6S,JSOO,000 
52,642,00(1 
7^,«K»,000 
59,490,000 
63,a30,000 



Yllu« Of 



and cer- 

tlfleftt«i. 



iO4,£»,0QO 
1&3 



5.506 
3,S03 

1. 185 
fi^SOB 
4,417 

3, 4L0 
4.^43 
a.tlS2 
3.080 



4.3U 



United States Paper Currency Issued during the First Quarters of 1908 

AND 1909. 





First quarter fiscal year 


1908. 


First quarter fiscal year 1909. 


Month. 


Number of 
notes and 
certificates. 


'. Average 
value of 
Amount. notes 
and cer- 
tificates. 

$68,540,000 13.611 
66.788.000 : 3.506 


Number of 
notes and 
certificates. 

16.070,297 
15,008,633 


! Avenge 
value of 
Amount. notes 
andoer- 

.tiflcatea. 


July 


18,814,212 
19,049.010 


$71,534,000 S4.461 


August 


64.198.000 4.277 


September 


15,992,416 ' 66,030,000 


3.503 


15,945.474 50.964.000 2.196 








Total 


53,856,638 ' 191,364,000 


3.653 


47,024,404 
012.6 


186,606,000 3.970 


Per cent of increase over 
first Quarter 1906 


02.4 











a Decrease. 



TREASURER. 



177 



REDEMPTIONS OF PAPER CURRENCY. 

There were 172,178,577 pieces of United States paper currency 
unfit for circulation presented for redemption during the last fiscal 
year, an increase of 9,743,747 pieces as compared with that of the 
fiscal year 1908. 

The number of pieces redeemed in the first quarter of the fiscal 
year 1909 was 41,587,941, a slight increase over that of the first 
quarter of 1908. 

Under present regulations United States paper currency is redeemed 
at fuU face value of the note when not less than three-fifths of the 
ori^al proportions remain. Fragments less than three-fifths are 
reoeemea at face value of the whole note when accompanied by an 
affidavit of the owner or other person having knowledge of the facts 
that missing portions have been totally destroyed. 

Comparison of the redemptions, by montKs, for the fiscal years 
1907 and 1908 and first quarter of 1909 may be observed in the 
annexed table: 

United States Paper Gureency Redeemed during the Fiscal Years 1907 and 

1908. 



Month. 



Fiscal ycsar 1907. 



Fiscal year 1908. 



Number of 
t)oU% and 
oenttllcatiia. 



July 13,513,181 

ll,74*,8Sa 
n, ass, 58^2 
I2,3ie,77tt 

13,396.874 



Aucust. 

September 

October... 

November. 

December. 

Jumwy ih,m,<m 

Febnimry ' i*,73&,9j5 

March 15,329.6(0 

April 13,9(J1.«18 

Mmy iii,;«D.3u4 

June i-i.ftte.OTi 



Amount. 



t45,307jQC» 
4i,10I,0U(» 
47,O21,O0D 
44,'l90,0tn 

3a,i5a.D0u 
50,aM,ooa 

S3,G£4,D[» 
55,8lfl,«KJ 
ri,i,3aO,HfKJ 

ae,4^,UK> 



Total iej.434,a;w 

Per cent of increase over 
preceding year 1.4 



ASS, 902, QUO 
(I. a 



Average 

value o( Number of 
notes not^s and 
and oefi* certificate^, 
tiflcates. 



sa.aii 

S.49& 
4.ooa 

3.517 
3,734 
a.43t 
178» ' 
3.4S2 
3.391 I 
3.362 
a. 885 



13,539,001 
15,3^, tm 
12,581,709 
I0,58a,9et3 
6, gut, 139 
8,348,311 
14,493,871* 
15h01D,3L5 
lb,n4,3&4 
16.flS7,079 
10,459,396 ; 



Amount. 



Average 
value of 

notes 
and cer- 
tificates. 



153,000,000 I 
62,&11,009 
44,453|000 ! 
7Sj?7a,0W 
08,014,000 
^4i7,0Q0 
48,337,000 
50.^00,000 
52,753,000 
55,061,000 j 
70.470.000 



3.010 172,178,577 I 665,220,000 



14.1 



$3,963 
3.439 
3.533 
4.761 
8.406 
3.051 
3.334 
3.364 
3.261 
3.305 
4.281 
3.472 



3.869 



Unitbd States Paper Currency Redeemed during the First Quarters op 

1908 AND 1909. 



Month. 



July 



IMal. 
Ftrcnt offl 



First quarter fiscal year 1906. 



Number of 
notes and 
certificates. 



13,539,001 ' 153,660,000 
15,392,603 j 52,941,000 
12,581,709 j 44,453,000 



41,512,713 160,054,000 



Average 
value of 
notes 
and cer- 
tificates. 



13.963 
3.439 
3.533 



3.614 



First quarter fiscal year 1909. 



Number of 
notes and 
certificates. 



16,047,805 
12,253,500 
13,286.636 



; Average 
1 value of 
I notes 
I and cer- 
I tificates. 



162,934,000 13.921 

41,734,000 ' 3.405 

46,123,000 3.471 



41,587,941 
0.1 



150,791,000 
I 
0.5 . 



3.625 



5871ft— n 1908- 



-12 



178 



BEPOBT ON THE FINANCES. 



STANDABD SILVER DOLLABS. 

The total stock of standard silver dollars in the United States 
on October 1, 1908, was $563,493,982 (exclusive of $4,767,000 held 
against outstanding Treasury notes). There were in the Treasury 
$488,409,835 and in circulation $75,084,147, a decrease of $9,674,019 
as compared with that of October 1, 1907. 

The appropriation for the free transportation of silver dollars to 
depositors therefor was exhausted by April 1, 1908, and since that 
time all shipments of such coins have been at the expense of the 
consignee. 

Silver dollars paid into the Treasury are utilized as a basis for the 
issue of silver certificates of the smaller denominations for which 
there is demand. 

The shipment of silver dollars to depositors therefor, by months, 
during the past two years and a quarter is recorded in the statement 
following: 

Movement op Standard Silver Dollars. 



July 

August 

September. 



First quarter. 



October. 
November. 
Deceml)er. . 

Januarj' 

February -- 

Marrh 

AprU 

May 

June 



Total. 



1007. 



1, mVVfififv 

4,7SG,OS3 



656,571 

^,096 
»10,6S7 
709, 7«S 
337.099 

346^227 



37, 500 J JS 



I1NB. 



S2,738,34e I 

3,791,260 
6.262,7-13 



11,7^,368 
G,213^09& 
4,671,^87 
2.&l2<fia7 
l,327,eai 

1,740,398 
£33,20) 
190,660 

771, m 



alj466,011 



1»B. 



i7V7,5aO 

ipOa»,eoo 



3^411,630 



EXCHANGE OF STANDARD SILVER DOLLARS. 

The presentation of silver dollars at Treasury offices for exchange 
during the fiscal year 1908 amount^^d to $43,680,767, an increase of 
$6,076,512 as compared wdth that of 1907. 

Comparison of tlie amounts presented at the several offices during 
the past two years and a quarter may be studied in the annexed table: 



Fiscal year- 



Ofllce. 



Washington IL MO,30fi 

lial ti more 1 , 032, 643 

New York 4,iM6,e4S 

PhlladclpJiia ;!..M8, 619 

Boston i 1 , 240. (>*0 

Cincinnati 4, 62^. 058 

Chicago ' 8,370, 22S 

«t. ix)uis i 6,773, aae 

New Orleans ■ 3,S27, SfiO 

San Francisco L537,MH 



Total. 



3T.li01,2&5 



IJA8,300 

3,fil9,804 
1,^60,430 
5,7Sl,90e 
10.372,210 
6,707, SOS 
4.109,050 
S,3fi£,41B 

43,5§0,7fi7 



First quartei^- 



«465,4&4 

259,130 
1. 137/1 lA 
l,lS6«S5a 

314, ISO 
K31T,£3& 
2.M4,314 
1.592,776 

BIS^OOO 

<Z7,S10 

10a34t3&fi 



im. 



i3».6eo 

I,l40,7tk» 
628.817 
211,390 



1,007,810 
473,090 
507,000 

6*i7a,ooi 



TREASURER. 



179 



SUBSIDIARY SILVER COIN. 

There was an increase of $16,903,565 in the subsidiary silver coin, 
and the stock in the country at the close of the fiscal year 1908 
amounted to $147,355,783; the amount held in the Treasury was 
$23,177,618 and in circulation $124,178,165. The increase in circu- 
lation over that of the preceding year was $2,400,764. 

The deposits for sliipments of such coin during the last fiscal year 
amounted to $31,438,830.99, an increase of $1,043,168.44 as com- 
pared with that of 1907. 

Comparison of the amounts shipped to depositors therefor, by 
months during the past two years and a quarter, may be observed 
in the statement following: 





1907. 


1908. 


1909. 


July 


$2, 246, 93a 60 
2,960,175.60 
3.878,762.40 


$2,379,912.40 
2,857,516.70 
3,462,291.80 


$1,977,268.80 
3,172,594.60 
4,460,330.40 


August 


September 




First quftrtpr 


9,085,868.60 
4,140.739.60 
3,201,395.70 
2,875,10a75 
l,ia5.696.30 
1,588,690.40 
1.868,232.00 
2,004,496.20 
2,209.036.80 
2,316,398.20 


8,699,720.90 
4,017,353.70 
4.877.095.19 
3.350,184.50 
1,245.583.90 
1.130,280.40 
1,604.818.00 
1,961.684.60 
1,909,135.00 
2,582,974.80 


9.610,193.80 


October... V 


November 




December 




J<|nt|iMy 




Februuy. , 




Mazx:h 




April 




SSy.. :::::::: : :..:: : 




Jane . . . , 








Total 


30,395,662.56 


31,438,830.99 









REDEMPTION OF SUBSIDIARY SILVER COIN. 

There was an unusuallv large amount of subsidiary silver coin 
returned to the Treasury for redemption in lawful money during the 
last fiscal year. 

The amounts received at each of the Treasuir offices for redemption 
during the fiscal years 1907 and 1908 and the first quarter of 1909 are 
recorded in the table following: 



Office 


Fkral 


ytsat- 


Fint quarter- 


1907. 


19Q& 


}\m. 


10O9. 


WwhlOElDi] , ^ . . . . V ,,,.. .,^, , 


^.333,168 

3,ao2,iao 

14,711,440 
6,2l6,S4fi 
l.J»4,270 
2,419,400 
S,10.%fiaS 
4,879,307 

3,706,337 


t3^«H216 
2,964,100 

18,120,0*3 
^,235, 714 
3,450,010 
3,301, fiG5 

6,218,591 
3,737,206 
2,»4»,9S3 


irJlJ04 

741,240 

3,3»i*207 

1,471,954 

538,880 

7U,050 

l,4J7,<m 

J, lis. 570 


1007,71316 


Ealtiiaoro ,...„....„..,,...,. 


^72,210 


NowYofk .,,_ ..._,,,„-..,,„.....,.„ 




FbUodelplila ,...,._ .,......^ 


C^titf'lniMt] 


744,600 


dufeiun, ,„...... , . ..r 


L 440, 700 


Ht. Loali,.,- ,. „... 


SU,73I 
527,360 
5CS,03S 


NvwOiffiqM 


San Franclseo - .._. > 




Totol_,_._ ,..,., 


ti,ft71,0H 


E4,Bn,lK 


11,019,052 


12,613, oe? 




MINC 


>R COIN. 









Tlie minor coins are authorized by law, and provision is made for 
an increase thereof if there is demand for it. Also the coins are 
redeemable in lawful money when presented at Treasury offices for 
redemption. The amount in circulation is growing annually, and 
under the foregoing conditions there does not appear to be good rea- 
son for exclu(£ng such coin from the stated stock of money in tkok 



180 



REPOBT ON THE FINANCES. 



United States. During the last fiscal year an addition of $789,875.22 
was made to the stock of bronze cents and of $964,156.10 to the 5-cent 
pieces. 

The amount of minor coin outstanding, by denominations, at the 
close of the fiscal years 1907 and 1908 is recorded here: 



Denominations. 



Outstanding 
June 30, 1907. 



Copper cents $1 , 1 82, 677. 27 

Copper half cents 30,926.11 

Copper-nickel cents 1, 206, 190. 14 

Bronze 1-cent pieces ! 15, 454, 395. 27 

Bronze 2-cent pieces j 572, 935. 98 

Nickel a<jent pieces 024,368.39 

Nickel 6<jent pieces ! 27,095,340 85 i 1,134,300.10 



Fiscal year 190B. 



Coined. 



1811,706.12 



Total 46,175,834.01 I 1,946,008.22 



Remelted. 



$131.46 



627.90 

21,832.90 

244.90 

6oaoo 

170,144.00 



193,671.25 



Ontstani 
JuneaO, 



$1,182,545.81 

30,825.11 

1,205, 6fi2L 15 

16,244,270.49 

572,001.06 

623,678.30 

28,050,406.05 



47,028, 17a 08 



MOVEMENT OF MINOR COIN. 

There was a decrease of $313,406.60 in the amoimt of minor coin 
shipped to depositors therefor during the last fiscal year, as compared 
witn like shipments in 1907. 

The amount of minor coin distributed, by offices, to depositors 
therefor during 1907 and 1908 and first quarter of 1909 is stated in 
table following: 



Offlco. 



Washington 

Baltimore 

Boston 

Chicago 

Cincinnati , 

New Orioans 

New York 

Philadfilphla 

San Francisco 

St. Louis 

Mint, Philadelphia 

Total 



Office. 



Fiscal year 1907. 


Fiscal year 190S. 




Expense of 




Ezpeoaeof 


Amount. 


transporta- 


Amoimt. 


tmuportft- 




tion. 
$690.22 




Hon. 


$46,710.25 


$41,201.30 


1061.73 


28,085.00 


353.05 


28,705.00 


327.60 


127,325.00 


1,235.05 


141,730.00 


1.41&40 


677,424.80 


9,153.65 


561,761.80 


7,435.07 


197,739.25 


1,975.60 


111,992.70 


1.140.00 


60,770.00 


594.75 


12,545.00 


166.25 


310,870.00 


4,214.53 


325.570.60 


1.629.10 


287,4?J.40 


4,960.30 


187.337.40 


2.601.86 


147,840.00 


1,895.80 


127,755.00 


1,651.11 


303,740.00 


5,431.60 


188.420.60 


3,122.45 


1,435,133.70 


a 51, 920. 09 


1,578.095.60 


37,800.71 


3,619,117.40 


82,425.14 


3,305,710.80 


57,997.18 



First quarter of 1908. 



First quarter of 1909. 



Amount. 



Expense of Expenn of 

transporta- 1 Amount, tranqwrtft- 

tion. ttoo. 



Washington $20,087. 10 



Baltimore.. 

Boston 

Chicago 

Cincinnati 

Now Orleans.. 

New York 

PhUadeiphla.. 
San Francisco. 
St. Louis. 



12.620.00 
50.570.00 
220.2H5.00 
63.6<'»5.00 I 
760.00 ' 
90.430.00 ; 
76.(»35.00 
37.970.00 ' 
98,575.00 
Mint, Phlladelphi.i 403.395.10 



$338.29 


$19. 


150.55 


12, 


503.05 


48 


3,011.88 


214, 


555.45 


52, 


14.20 


27, 


667.20 


154, 


1,100.04 j 


85, 


499.77 ' 


24, 


1.687.90 ' 


104. 


14.478.38 


152. 



151.00 I 

450.00 i 

300.00 

515.00 I 

570.00 

190.00 . 

880.00 

675.00 

9:>6.00 

850.00 

721.66 



$341.57 
142.80 
488.60 

2,960.17 
642.56 
366.80 

1,217.45 

2.«6w84 
270 04 

1,883.75 
233.75 



Total 1.124.392.20 1 23.006.71 . 1,026,012.65 j n,04&83 

a The charge against tho mint. Philadelphia, covers the expense of transfers from that point to 
other ofllccs. 



TBEASUBEB. 



181 



REDEMPTION OF MINOR COIN. 



Minor coin is redeemable in lawful money, and the amoimt pre- 
sented for redemption at each of the Treasury offices for the past 
two years and a quarter may be observed in the statement following: 



Office. 



Fiscal year— 



1907. 



Washington »43,636 



Baltimoie.. 



Chicago 

Cincinnati 

New Orleans. . . 

New York 

Philadelphia... 
San Frandaoo.. 
St. Louis 



880,935 
425,200 
668,810 
401,385 

61,064 

2,293,102 

761,421 

10,603 
427,462 



1906. 



$446,883 
918,050 
514, 145 
896,785 
487,367 
114,284 
2,694,044 
1,000,530 
82,248 
446,468 



Total 6,273,638 



7,600,804 



First qnarter— 



1906. 



$102,317 
241,320 
110, 110 
178,743 
110,823 

16,210 
530,608 
205,143 

15,285 
111,463 



1,622,022 



1909. 



$122,039 
218,430 
135,205 
186,789 
137,299 
13,105 
729,562 
262,317 
25,845 
96,288 



1,918,879 



MONEY FOR MOVING THE CROPS. 

The Treasury is annually requested to render assistance in the 
movement of the <5rops, wmch it does, by receiving deposits of cur- 
rency in New York ror which payments are made by wire through 
this office at other points in denominations of paper currency required 
in the locaUty where it is to be used. 

The amoimts deposited in New York for 1905, 1906, 1907, and 1908 
in all months when any were received, and the resultant payments in 
the several cities, are recorded in the table following: 



Transactions. 



Gold coin and United States 
certificates. notes. 



Silver dollars 
and certifi- 
cates. 



Total. 



1906— Reoaipts: 

In January $1,013,034.00 i. 

InMareh 440,000.00 . 

InApril ! 750.000.00 . 

Iniay 4,100,000.00 . 

InJane 2,700,000.00 . 

InJuly 1,040,000.00 ,. 

InAogust 4,995,000.00 I. 

InSeptamber 2,000,000.00 . 

InOctober 4,255.000.00 ;. 

InNovamber 7,375,000.00 . 

In Deoember. 6.950,000.00 . 



$65,000.00 



$1,013, 
605, 
750, 
4,100, 
2,700, 
1,040, 
4,995, 
2,000, 
4,255, 

' 7,375, 
6,950, 



034.00 
000.00 
000.00 
000.00 
000.00 
000.00 
000.00 
000.00 
000.00 
000.00 
000.00 



Total 35,618,034.00 



VwUL by the Treasorer and assistant 
tWMuran of the United States: 
GbDobinati— 

InlCareh 

In September 

In October 



2SO,000.00 

44,000.00 I 
250.000.00 ! 



05,000.00 35,683,034.00 



$59,000.00 
19,000.00 
40.000.00 



Total.. 



574.000.00 ' 



118,000.00 



16,000.00 
37,000.00 
10,000.00 



355,000.00 
100,000.00 
300,000.00 



63, 000. (K) 



755.000.00 



NewOileana— 

Inllarch 120,000.00 

IhlCay 100.000.00 !. 

In June 370 000.00 i 

InJuly 8(i0.000.00 

InAugust 1.495.000.00 :. 

InSeptember 350.000.00' 

InOctober i,r«0,000.00 

InNoinambcr 2.4r.'>.ooo.oo . 

InDeoember 1,450.000.00 .. 



28.000.00 



2.000.00 



30,000.00 
110,000.00 



70,000.00 ; 



170.000.00 
382,000.00 
190.000.00 



180,000.00 
309,000.00 
20.000.00 



1,50, 
100, 
400. 

1,040. 

1,495, 
700, 

2,380. 

2,07.5, 

1.450, 



000.00 
000.00 
000.00 
000.00 
000.00 
000.00 
000.00 
000.00 
000.00 



Totel. 



.1 8,809.000.00 



910.000.00 



581.000.00 10,390.000.00 



182 



BEPORT ON THE FINANCES. 
Monet foe Moving the Caopfi — Continued* 



Tr&nsactlona. 


Qold coin and 
certincates. 


United 3tat«s 


silver doUan 

aQdcertifl. 

cstos. 


TotaL 


PalU by tlie Treasurer and asalstiliit 
tfeasuiers of the United SUiUs— Con. 
£Jan Francisc?o— 

JnJaGimry 

In April , 


11,013,034.00 

7w,ooaoo 
4.oaO|Ooo.oo 

2,300.000.00 

500,000.00 

3.400,000.00 

1,000,000.00 






It.OlSpOHOO 






Tgo.oQaoo 


InUny*. t «--♦ ...4.,^... 






4,oo6^ooaoo 


In June. ...^ 




„....^ __. 


£,3oo,ooaoo 


Ill Si^ntfiTabec^ .. _ .^..l.... 




5Qo,ooaoo 


In NoTPmbej" , , . 






3,40O,0O0lQO 








i,QQO,OQaOO 










Total . » . . * . . . . „ 


I5.&Qa.034-« 






t5,90S,D94.0O 






' 


BaJllmons^^ 




i40,Q0a0Q 


tOO.000.00 


too,ooaoo 








Chicago— 

In Auf^oat .■ 


2, BOO. 000, 00 

floo,(moo 
BOO, noo. 00 

1,500,000.00 


£50,000,00 
100,OOOlOO 


150.000.00 


3,500,0001 00 


In OcJober.,, ...,*. 

la Novpmber , 


1,000.000101 
500, OOOiOO 


In i>eoerobef . .,.,„„ ,. . . . 


L„, 


1. 500. 00a 00 






1 




Total ....,.-.. 


5,700.000.00 <)SO,OOa0O 1 150.0001(10 


^500,000.00 


SL Louis— 

In September. , * , ,,-.,...... 


220.000.00; 200.000LOO 180,000.00 
2ti('',OUO,00 174,000.00 , 135,000,00 
470,000.00 1 270,00a00l OO^OOOlOO 


000,000.00 


In Octolwr. 


575.000,00 


In November.. .,... .. 


«)o,ooaoo 


Total .,. .„..-.- 


B&K000.00 O44,000l00 


375,000100 


1, 975. 00a 00 






1006— Reoplpts; 

In Juniiary-,,* ....„.„ „ 


3.'-/3.flOO.OO 






350,000i00 


In Fi^hriiaty . . . „ 








In llaTL'h ....._„.„_ * . . . . 


900,000.00 
3.450,000,00 

300.00a 00 

200,000,00 


, ; ..,.,,.. 


iKH>,ooaoo 


in AprU.... 

IniSy ..,. 


::::::::::::::::i::::::::. :::::,: 


3, ISO, 00a 00 




300. OOOiOO 


lit I u no ..... 




900,000.00 


In July. . .-„ , ,-,..., 


1.05*^.000.00 
3.4.'}U.OOO.OO 

7.Kij.(jno.oo 
i.ft!>o.ono.oo 

J. 23.^,000, 00 
5,875.000.00 




1.060, 00a 00 


In AtiKiJist. .^........ 




3,400.000100 

7.335. OOOl 00 


In St^jjitsml M't „ „ , . 




100,O00l0O 


In Ot'toiier.. 




Ksoo.ooaoQ 


In Novf>mlM*r. * „ , , . . 




4O,O00lOO 


4,3115,0001111 
6, 150,000.09 


In DeH*nilM*r . , . . > 




175,000.00 








Total .... . ........ 


29,025,000.00 




315,000,00 


2d, 340,00a 00 










Paid by the Tmisurer and assistant 
treasurers of tbu Unites] iilati^: 
Washlninon - 

In AprU 


300.000,00 




' 


300,00a 00 


ClnoinnHtl— 

In January , 










34.1 mm no 1 '^ onano ' 




350.00a 00 


In .\lareh........ .„i 4m.m\txi 


^ 




400.0QaOO 


In Ot^tober. . . , . „ , . 


fft). 000, 00 


^. nmni 1 ^.MfLM 


100, 00a 00 


Tolal 

Npw OrlRana— 

Tn vmMI .._.— 






70.1.000,00 

^ -. ^ - _. _ 


35,ooaoo 1 ao^oooioo 


sso^noaoo 




fir)Ai¥Vi m 



In May. 

In June 

In July 

In August 

In Scptomlxir. 

In OctoljiT 

In NovJ^mly^r. 
In Decumlx»r. . 



Total. 



San Francisco— 

In March 

In April 

In June 

In July 

In Aii>rust 

In .*^cpt4«m])er. 

In Octol)er 

In NovemlKjr. 
In I>ficeml«r.. 



Total. 



3()U.(K)U.()() 

1{X).UX).0() . 

200,000.00 1. 

•i-W, 000.00 I 

7-»r).(xx).oo 

1.17O.000.00 I. 

fJOO.O'lO.OO . 

3.0l3.aMJ.00 j. 

7.2Hr).000.00 I 

.'iOO.OOO 00 . 

l.T.'iO.OOO.OO . 

100.000 (XI . 

8.")0.0(X) 00 . 

L>, 750. (XX). 00 . 

♦l.310.0(X) 00 . 

l.S.OOO. (X) ■. 

3, 07.-.. 000 00 . 

3,«ilO,0(X).00 . 



50.000.00 I 
40,000.00 I 



8o,ooaoo 



4o.onaoo j 

175.000.00 



300,00a 00 
100. 00a 00 
aoo,ooaoo 

800, 00a 00 

875.00a00 

1,175. 00a 00 

A4o.ooaoo 
8,i90,ooaoo 



295,00a00 i 7,680.00a00 



I 



500.00a 00 

1.750. 00a 00 

100, 00a 00 
sso.ooaoo 

3. 750. 00a 00 

o,3io,ooaoo 

15, 00a 00 
3,075.000.00 
8,010,00000 



18,iMX).rxX) 00 



18,060. ooa 00 



TBEASUBEB. 
MoNBT POB MoviNO THE Crops — Contiiiued. 



188 



Transactions. 


Gold coin and 
certificates. 


United States 
notes. 


Silver dollars 
and certifi- 
cates. 


Total. 


Paid by the Txeasoier and assistant 
treasurers of the United States-Con. 
ChJcago- 

In April 


$50o,ooaoo 

600,000.00 






$500,000.00 
600,000.00 


In October 




V 








Total 


1,000,000.00 






1.000 000 00 




' 






StLooIs- 

In Aogust 


250,000.00 
90,000.00 


$130,000.00 
40.000.00 


S20,000.00 
20,000.00 


400,000.00 
150,000.00 


In September 




Total 


340,000.00 


i7o,ooaoo 


40,000.00 


«50,000.00 




1907-ReceIpts: 

In T«^nnary . 


700,000.00 
300,000.00 
600,000.00 
050,000 00 
3,«i76,000.00 
1,189,138.50 






700,000.00 
300,000.00 


In February 






In March... 


. 


600,000.00 
660,000.00 


In April 




In May 




3,675,000.00 
1,189,138.50 
1,500,000.00 
2,525.000 0(1 
1,775,000.00 
4,389,000.00 
35,192,157.96 
17,209,893.64 


In June 




In July 


1,500,000.00 
2,525,000.00 
1,775,000.00 




In August 




n 8«»pteTnber. 




In October 


4.389,000.00 
35,100,167.95 
17,2t>4,893.54 


* 1 


In Novmber 




32,000.00 
6,000.00 


n December 








Total 


09,628,189.99 




37.000.00 


69,006,189.90 






Paid by the Treasurer and assistant 
treasurers of the United States: 
Washington— 

In March 


300,000.00 






300,000.00 


In October 


200,000.00 


1 


200,000.00 


In November 


200,000.00 
3,000.00 


1 


200,000.00 


In December. ... .... ... 


1 


3,000.00 




1 


Total 


703,000.00 


i 


703,000.00 








Baltimore— 

In October 


100,000.00 


1 


100, 000. 00 










^Boston— 

In November 


372,000.00 
200,000.00 


1 


372,000 00 


In December 




200,000.00 








Total 


672.000.00 


1 


672,000.00 








Chicago- 

In August 


1,100,000.00 
14,300.032.30 






1 , 100. 000. 00 


Jn Novpfnb^r 




a 20, 000. 00 


14,320.032.30 


Tn D<y>^mhAr_ 


8,365,900.00 




8,366.900.00 







Total 


23,766,932.30 




20,000.00 


23,786,932.30 











Cincinnati— 

lu November 


195,000.00 
95.900.00 




l> 65,000. 00 




In D<yymibAr. 




a 12, 500. 00 
1 33, 000. 00 


262,500.00 
128,900.00 








Total 


290.900.00 




100,500.00 


391,400.00 










New Orieans— 

In Jf^iuary 


200.000.00 


. 


200,000.00 


In February .... , 


300,000.00 




300,000.00 


In March 


120.000.00 
100,000.00 




6 80,000.00 


200,000.00 


In April 


50,000.00 


150.900.00 


InJifly 


180.000.00 

405,000.00 

1,255,000.00 


20,000.00 
10,000.00 




200.000.00 


In August 


10,000.00 
70,000.00 


425.000.00 


In September 


1,325.000.00 


In October 


475,000.00 
1.118.000.00 
1,513.500.00 




475.000.00 


in November 




10,000.00 


1.128.000.00 


In DewTnbw. 







1,513,500.00 









Total 


6.666,500.00 1 80,000.00 170,000.00 


5,916,500.00 






PhUadetphifr- 

In November 


2,378.000.00 
577,000.00 




2.378,000.00 


In December 




577,000.00 








Total 


2,95.5,000.00 




2.955.000.00 









a Silver coin. 



b National-bank notes. 



184 



REPORT ON THE FINANCES. 
Money for Moving the Crops — Continued. 



Transactions. 



Paid by tho Treasurer and assistant 
treasurers of ttie United States—Con. 
St. Louis— 

In September 

In October 

In November 

In December 



Total. 



Q Francisco— 

In January 

In April 

In May 

In June 

In July 

In August 

In October 

In November. 
In December.. 



Total. 



Mint, Denver— 
In November . 
In December. . 



Total 

lOOa-Receipts: 

In January — 
In February.. 

In April 

In May 

In June 

In August 

In September. 



Gold coin and 
certificates. 



$420,000.00 

600,000.00 

3.266,200.00 

2,501.500.00 



6,787,700.00 



500, 
500, 
3,675. 
1.189, 
1,300, 
1,000, 
3,014, 
11,659, 
3,017, 



ooaoo 

000.00 

ooaoo 

138.50 
000.00 
000.00 
000.00 
633.20 
493.54 



United States 
notes. 



25,865,265.24 



, 1,582,792.45 1 
' 962,600.00 



2,545,392.45 



Total. 



Paid l)y the Treasurer and assistant 
treasurers of the United States: 
Washington— 

In May 



291,725 87 
131.000 00 
1,052.92 
750,000.00 , 
355,000 00 
25.000 00 
402,000.00 



2,0-15.778 79 . 



Chicago— 

In Jainiary... 

Mint, Denver— 
In Fel)ruary. 



New Orleans— 
In January — 
In February.. 

In May 

In June 

In August 

In Septeml)er. 



.30.000.00 



lt)0,000.00 



Total. 



Philadelphia— 
In January.. 

San Franoisco— 
In January.. 
In April 



Total. 



S20,000.00 



20,000.00 



Silver dollars 
and certifi- 
cates. 



110,000.00 



23,000.00 



33, ooaoo 



TotaL 



$450, ooaoo 

000, ooaoo 

3,28o,aoaoo 

2,coi,5oaoo 



0,84O,7QaOO 



500. ooaoo 
500, ooaoo 

3, 875, ooaoo 
1,180.138.50 

1,300, ooaoo 
i,ooo,ooaoo 
8,oi4,ooaoo 

11,080,633.20 
3,017,403.54 



25,866, 266. 24 



1,582,792.46 

982, ooaoo 



2,546,302.46 



108.000.00: 100,000 00 



108,000.00 



100.000.00 



400,0(X) 00 



200,000.00 



201,72&87 

131. ooaoo 

1,082.82 

780, ooaoo 
366. ooaoo 

26, ooaoo 

700,000.00 



2,253,778.79 



ooaoooroo 



30, ooaoo 



iflOb ooaoo 



5.000.00 .. 
31,000 00 .. 








6. ooaoo 
31, ooaoo 
150, ooaoo 

35S,000 00 
25,000.00 

TOO, ooaoo 


I.'jO.OOO. 00 .. 






3,'m, (KX) 00 . . 






25, 000 00 .. 






542.000 00 


00.000.00 


98.000.00 


1,108.000.00 


(^.000.00 


98.000.00 


1,266, ooaoo 


5 000 00 - - 


5, ooaoo 








2.51,720 R7 






251,725.87 
1. 052.92 


1,052. jn> .. 






252.77S. 79 .. 






252,778.79 












TREASURER. 



185 



DEPOSITS OP GOLD BULLION AT THE MINTS AND ASSAY OFFICES. 

The value of the new product of gold bullion, from mines and 
imports, deposited at the mints and assay offices during the fiscal 
year 1908 demonstrates the control that the United States has over 
the gold supplies of the world. 

The amount of the precious metal deposited at each institution 
during the fiscal years 1906, 1907, and 1908 is recorded here: 



Office. 


1906. 


1907. 


1908. 


Philadelphia 


$2,040,242.66 

35,808,830.73 

737,333.54 

25,830,358.12 

64,345,545.58 

735,974.22 

811,377.41 

2,341,811.92 

229.582.49 

220,810.55 

548,188.95 

17,945,146.16 


$1,809,596.26 

44,138,661.93 

874,035.21 

22,569,154.64 

77, 754; 786. 19 

811,415.95 

884,713.11 

2,039,329.03 

173,945.02 

259,517.48 

470, 150. 17 

22,860,744.44 


$435,929.96 


fl*n i^wndtoco 


34,087,705.48 


NewOrleaiu 


757,927.83 


DenTer 


14,103.766.91 


NewYork. 


126,322,084.27 


Canoo 


1,706,910.60 


Boise 


851,235.76 


mffm 


1,703,183.32 


rharl<>tt# . , , 


218,867 66 


at Loato 


75,190.28 


Deadwood 


1,195,032.70 


Seattie 


15,769,486 47 






Total 


151,595,202.33 


174,646.049.43 


197,227,321.26 







Depositors of gold bullion at the above-named offices are paid 
therefor in coin or bv checks on assistant treasurers and depositary 
banks. During the last fiscal year $250,000 in gold coin was trans- 
ferred from San Francisco to (Jarson and $5,500,000 to Seattle to be 
used in making payments for local deposits of gold bullion. 

ACCUMULATION OF GOLD COIN AT SAN FBANCISCO. 

In order to prevent a burdensome accumulation of gold at Treas- 
ury offices on the Pacific coast, the privilege heretofore granted 
owners of bullion of depositing it in San Francisco for telegraphic 
exchange on New York nas been withdrawn. However, one deposit 
of $235,000 for such exchange was accepted in March, 1908. 

SHIPMENTS OF CURRENCY FROM WASHINGTON. 

The shipments of currency from Washington are governed largely 
by the amoxmt of worn and unAt paper money presented for redemp- 
tion. As a new "record for redemptions was made in the last fiscal 
year, there was a large increase in the number of packages and amount 
of currency sent from the Treasury. 

Companson of the shipments for the fiscal years 1907 and 1908 
may be observed here : 



Fiscal year 1907. 



Fiscal year 1908. 



; Number of 
packages. 



Amount. 



Numl>er of 
packages. 



Amount. 



Totelbyexpnn 72,003 $570, r>r.2, 841 75,781 

Toul by ngistored mall 17,320, 1,214,026 18.138 

Aggresite 89,983 671,770,807 93,919 1 031.287,614 



$027,028,740 
3,658,874 



186 



REPORT ON THE FINANCES. 



BEOOmAGE IN THE FISCAL YEAR 1908. 

The recoinage of gold, silver, and minor coins during the fiscal 
year 1908 was more in value than in 1907. 
The details for the two years follow: 



Denominations. 


1907. 


1008. 


Face value. 


Loss. 


Face value 


LOBk 


Double eagles 


$480,840.00 

489,010.00 

805,545.00 

8,842.50 

48.00 

44.00 




$604,880.00 

022,600.00 

1,485,800.00 

7,506.00 

6.00 

19.00 




Eagles 






Half eagles 






Quuter eagles 






Three-dollar pieces ^ 






One-dollar pieces 












Total gold 


1,793,329.50 


S6,823.05 


2,680,810.00 


I0,4M.00 




Half dollars 


402,193.00 

343,611.00 

204.40 

391,404.00 

098.30 

150.10 




446,036.00 

343.584.76 

188.20 

360,381.10 

047.05 

108.00 




Quarter dollars 




. 


Twenty-cent pieces 






Dimes 







Half dimes 






Three-cent pieces 












Total sUver. 


1,138,260.80 


77,377.00 


1,189,180.10 


76,246.06 






174,439.79 




193,en.25 ! 


Aggregate 


3,106,030.09 


84,201.01 


4,038,170.35 


82.MB.U 





REDEMPTIONS AND EXCHANGES. 



The moneys received in redemption and exchange accounts at all 
the Treasury offices during the fiscal year 1908 attamed a maximum 
at $1,337,826,564, and exceeded those of 1907 by $310,950,064. 

The amount of each kind of money received and paid at Treasury 
offices on account of redemptions and exchange during the fiscal 
year 1908 is recorded here: 

RECEIPTS. 



Account. 



Receipts for currency outstanding 

June 30, 1907 

Moneys received during year 

Less outstanding n>ceipts June 30, 
1908 

Net n-et'lpts for which jwiy- 
ments were made , 



Kinds of money received by Tieasozy 



Gold coin 

and 
certificated 



1556,770 
4S9,5(»,518 



Sil>|er«»in ^^^%^ 



certificates. 



and Treas- 
ury notes. 



National- 
banknotes 

and 
minor coin. 



$1,384,411 $1,900,721 S61,073 

408.542,804 I 136,792,837 ! 302,921,345 



-I- 



490,126.288 , 409.927.275 I 138.603.558 , 302,982,418 



901.390 ; 1.231,3,51 



.105.773 I 



85.919 



480,224.898 408,605.924 137,587,785 302,806,499 



TotaL 



tS,9GS.975 
1,837.826, Ml 



1,341, 739,6» 
8. 334.433 



1,888,405.106 



TBEASUBEB. 
PAYMENTS. 



187 



Aoooant 



Kinds of money paid by Treasury offices. 



Transfer 



Gold, coin 

and 
certificates. 



Silver coin 

and 
certificates. 



United 
States 
notes. 



National- 
bank 

notes and 
minor 
coin. 



TotaL 



For fTold coin and certificates. 

For silver coin and certifi- 
cates 

For United States notes and 
Treasury notes , 

For national-bank notes and 
minor coin 



$1,563,869 



172,765,643 



$463,022,333 
135,386,242 
21,320,013 
31,187,408 



$18,655,390 

237,323,775 

38,453,778 

53,964,714 



$2,289,235 
27,209,934. 
76,601,662 
43,606,887 



$4,357,940 
7,212,104 
1,212,332 
1,371,947 



$489,224,898 
406,695,924 
137,587,785 
302,896,499 



Total 174,329,412 



651,815,996 



348,397,657 



149,707,718 



14,154,323 



1,338,405,106 



BEDEMFTION OF NATIONAL-BANK NOTES. 

The amount of national-bank notes presented for redemption, as 
valued by the owners and contained in 31,511 remittances, was $349,- 
634,341.42, a sum equal to 52.78 per cent of the average amoimt of 
notes outstanding during the year. As verified by count the proceeds 
of the remittances were $348,549,280.70. Payment of this sum was 
made by checks on the subtreasuries to the amount of $172,719,- 
195.75, by remittances of $124,175,368.95 in new United States cur- 
rency and coin, and by credits of $51,654,716 in accoimts. The total 
mmiDer of notes redeemed was 35,221,320, and the average value of 
the notes was $9.91. The $5 notes outstanding were redeemed at the 
rate of 58.66 per cent, the $10 notes at 55.20 per cent, the $20 notes at 
48.81 per cent, the $50 notes at 49.99 per cent, and the $100 notes at 
49.84 per cent. Compared with the redemptions of the previous year, 
there was an increase of $109,319,660, and of this increase $91,013,000 
was presented by the banks in New York City. Th^ total amount 
presented by those banks was $193,292,000. The net addition to 
the bank-note circulation during the year was $94,545,227, of which 
sum $80,150,428 took place in the months of November and Decem- 
ber. This increase in circulation appears to have appreciably stimu- 
lated redemptions during the second six months of tne year, as $242,- 
827,576 was presented for redemption in that period, as against 
$106,806,765 m the first six months. The imusual redemptions of 
bank notes which commenced in January and continued through the 
remainder of the year quickly exhausted the 5 per cent redemption 
fund, and by Jime 30 the Treasury had advanced $41,992,052 in the 
redemption of such notes, and the total notes on hand at that date 
was $62,277,880, as against $12,377,478 on the corresponding date 
of the previous year. By employing an additional force soon after 
July 1 the redeemed notes held in the cash for moneys advanced by 
the Treasury were assorted and disposed of by October 27, and the 
balance of notes on hand was reduced to $21,691,923. The average 
monthly redemptions during July to December was $17,801,127, 
while tne average for the months of January to June was $40,471,262. 
Such variation in the volume of redemptions suggests the desirableness 
to have authority to temporarily employ additional force immediately 
the necessity arises, so that there could be no call on the Treasury to 
advanae money for the redemption of notes, for it is plain that imder 



ISH 



BEPORT ON THE FINANCES. 



1 1)0 coiKlitions that arose during the year a force sufficient for the first 
luiir of tlio year would be insufficient for the second half. There were 
uo(.(»H assorted during the year to the amount of $298,178,914. Of 
tliis sum, $258,643,757.50 was charged to the 5 per cent redemption 
fund, $()2, 104,650 as fit for use, and $196,449,107.50 as unfit for use, 
and $39,5;i5,156.50 was charged to deposits for the retirement of 
not(»s. The notes fit for use were forwarded by e^roress to the re- 
H|)r<'tivc banks of issue in 50,180 sealed packages, and those imfit for 
nso woro delivered to the Comptroller of the Currency in 146,197 
|)iukap»s for reissue. There was $328,535,358.20 in lawful money 
<lr|)osit(»d in the Treasury on accoimt of transactions in national- 
bank <'irculation, $260,678,988.70 for the 5 per cent fund and $67,856,- 
;{(>0.5() for the retirement of such circulation. The total of the depos- 
its made under the law limiting deposits to nine millions monthly was 
$,'{7,112,837.50. The expenses incurred for the year's operations 
lunounted to $270,840.21, and they were assessed on the banks in 
|)roportion to their notes redeemed at the rate of $0.90366 per $1,000. 

SPURIOUS ISSUES DETECTED IN 1908. 

Thoro has been no apparent increase of spurious issues in circu- 
liition during the last fiscal year, and this favorable condition of the 
cnrn^ncy is owing to the vigilance of the Secret Service agents in 
f<»rr(»ting out those who perpetrate such frauds upon the public. 
The spurious issues detected during the year were only $13,236.19 in 
nominal value in all kinds. 

SPECIAL TRUST FUNDS. 

During the fiscal year 1908 the Central Pacific Railroad reduced 
its indebtedness to the Government by the payment of two notes 
amounting to $5,881,271.56, and on July 28, 1908, in the current 
fiscal year, the company paid the remaining two notes of like 
amount, and thus closed the account. Bonds of the company held 
to secure said notes were released at the time of each payment. 

Transactions during the year in the special trusts in the custody 
of the Treasurer are recorded in the subjoined table: 

Si'KciAL Trust P'unds in the Custody op the Treasurer of the United States 
AT THE Close op the Fiscal Year 1908. 



Account uml kind of hond.s, (itc. 



' Held June?.*, 
19()7. 



Notes socnnxl by l>onds Riven by the Central 
Pacific U. U. to the Qovernment in settle- 
ment of the obliRutions of that road: 

C4»ntral raclflc K. H. notes ?11, 702,543. 12 

Central Taciflc U. R. »>onds ll,7rwJ,«)0.00 

State bonds 1)clonRing to the Unite<l States: 

Louisiana State l)onds 37, 000. 00 

North Carolina State »»onds 68, 000. 00 

Tonnoss»»o State Iwnds 335,(i06.6G§ 

United Stat(>.s twnds held under siwcial pro- . 
visions of law: 
American Printing Ilouse for the Blind . . 2S0, 000. 00 

Manhattan Savlncs Institution 75,000.00 

North American Commercial Co 60, 000. 00 

Held for the Secretary of War: , 

Captured l)onds of the State of I^ouislana. 645, 4S0. 00 
Held for the Secretary of State: | 

A pucknro scaled and said to contain , 
SiKinish "certificates of Inscription". . .! fiOO.OOO.OO 



Fiscal year 1908. 



i Deposited. Withdrawn. 



|5,8K1,271.,V» 
I 5,881,000.00 

■ 600,000.00 



Ileld Jnneao, 
1908. 



$5,881»271.56 
5,882,000.00 

37,000.00 

58,000.00 

3S6,60A.66i 



290^000.00 
76,000.00 
00^ 000. 00 

645,480.00 



TREASUREB. 



189 



Special Trust Funds in thb Custody op the Tbeasurer op the United States 
AT THE Close op the Fiscal Year 1908 — Continued. 



Aooount and kind of bonds, etc. 



Held June 29, 
1907. 



Fiscal year 1908. 



Deposited. , Withdrawn. 



Held June 30, 
1908. 



Held for the Secretary of the Treasury: 

Panama R. R. notes 

Held for the District of Columbia: 

3.65 per cent bonds (unsigned) 

Bonos for account of District contractors. 

Chesapeake and Ohio Canal bonds 

Aggregate 



$997,892.77 

3,395,450.00 
124.870.00 
84,285.00 



$2,734,521.47 | $150.00 , $3, 732, 2()4. 24 

5,000,000.00 3,500,000.00 ' 4,895,450.00 
18,740.00 22,380.00 I 121,2:^.00 
' 84,285.00 



30,079,187.651 



7,753,261.47 



15,884,801.56 ' 21,947,647.46] 



DISTRICT OF COLUMBIA. 

The transactions of the Treasurer of the United States, ex oflScio 
commissioner of the sinking fund of the District of Columbia, per- 
taining to the affairs of the District are fully set forth in a separate 
report. 

During the fiscal year 1908 the bonds of the funded debt retired 
amounted to $501,000, resulting in the reduction of the annual 
interest charge by $18,286.50. 

From July 1, 1878, to the close of the fiscal year 1908 the bonded 
debt was increased by the issue of 3.65 per cent bonds amounting to 
$1,264,050, and decreased by the operations of the sinking funds 
and otherwise $12^757,950, making a net reduction of $11,503,900 
and of the annual mterest charge $628,758.75. The interest-bearing 
bonds outstanding June 30, 1908, were $10,602,750. 

Since the close of the fiscal year the debt nas been further reduced 
by the purchase of 3.65 per cent bonds amounting to $485,650. 
Tliis leaves outstanding November 1, 1908, $10,117,100 in bonds 
bearing 3.65 per cent interest. 

TTie retentions from 29 District of Columbia contracts were can- 
celed during the year by the return to the contractors of $22,350 in 
bonds and $152,431.88 m cash. 

At the close of the fiscal year 1908 the 10 per cent guaranty fund 
amounted to $260,018.89, and was credited to 67 separate contracts, 
and is represented by $121,230 in bonds purchased at the request 
and risk of contractors, and $126,280.76 uninvested cash. 

The receipts during the year for account of the police relief fund 
were $82,904.16, and for account of the firemen's relief fund $37,303. 
These sums were advanced to the Commissioners of the District in 
monthly installments. 

The securities of the District in the care and custody of the Treas- 
urer are: 

3.65 per cent bonds (unsigned) $4, 895, 450 

Bonos for account of District contractors 121, 230 

Chesapeake and Ohio Canal bonds 84, 285 

Total 5,100,965 

Respectfully, 

Chas. H. Tkeat, 
Treasurer of the United States. 
Hon. Gbobge B. Cortelyou, 

Secretary of the Treasury, 



APPENDIX TO REPORT OF THE TREASURER. 



Xo. 1.- 



-Revenues and Expenditures for the Fiscal Year 1908 as Shown bt 
Warrants Issued. 



Customs. ,-.H -..,,„.,. 
iDttirmU raveaiH. .. _. 

Lan^lSv^ -.,,.*. ^,., 

lil3f«llaneoLJl ^ « 

Coinmenie ajod Labor. 

Liitif*rkrf dviL^^^.. 

TicAffury pxppoT. ...... 

Dlplontttib. ..,„.. 
Joflldwy— ........ ^ .. 

W»r.. 



Nftvy.... 

IntFrlor^ liidlBiu. . 
loteriof, pongJana. 

Apiculture... 

tntensil ,,. 



RfllTtiniHHy 



231,711,126.70 

4e,o(0,0eafia 

0,576,339.75 



Total , .....„J «!,(», US.6S 

Pftmliuii on Ffcottma CbokI loftn. . . 735, 7^ 67 

Pubtkdebt.. ,.,„ 90S,7?T,6m.50 | 



ExpeDcliUin?^^ 



134,079, 044. 0» 



l3,l&4,&l%H]a 

14,830,228.47 

25,475,412:78 

63,312, 8tyt. 18 

3,540,373.18 

0,lW,63aL5fi 

118,030, aai. 83 

118,7^233.29 

14,579,755,75 

im,Sȣ, mi. 01 

13,400,764.40 

21,42r^,13&21 



a^, 19S, S19. 68 J 20, £8G, «67, 80 



Rf'payiiients 

&tnu 

liDejrpendfid 

approprjalloijB, 



f996,S53.28 
83, Om 33 



B70,472.tl9 

l,iei,S0l.47 

1,347, 799 J»7 

2,6«8<3ELD9 

43,€64.6t» 

316,5&i.07 
7,442,694.40 
2,^55,385.78 
1,1139,^4.73 
2,014.827, 7a 

m,s3&ia 

7O,S7a40 



l»JiI0,5S9,523/m 1.398,308,326.18 2D,a8Cl,GS7. 80 



Counter 

cfcdlts to 

dppToprlaUoiis;. 



tS0,Q7ffl.61 
381,18 



222,017. S8 
48,693.20 

615, i¥i. m 

416,436.39 

36,023.48 

22,920.34 

5,721,541. M 

28,965, 025. il 

77,9(18.96 

106.00 

5,565.30 



36,311,8^.91 



36,2n,S83.U 



Mo. 3. — Net Ordinary Revenues and Expenditures for each Quarter of 
the Fiscal Year 1908, as Shown by Warrants Issued. 



Aooount. 


Flrst 
quarter. 


Second 
quarter. 


Third 
quarter. 


Fourth 
quarter. 


Total for 
year. 


RKVENUES. 

Customs 


$86,393,864.63 

69, 446, 431. 99 

2,426,932.45 

ll,885,80a74 


172,415,748.53 

65,713,905.47 

2,892,078.54 

11.901,728.26 


166,456,930.16 
57,784,187.82 
2,262,170.38 
15,412,966.34 


161,846,586.97 
58,767,601.42 
2,150,37&86 
14,369,802.97 


S286,113,130.29 

261,711,126.70 

9,731,560.23 

63,570,301.31 


Internal reventie 

Lands 




Total 


169,152,032.81 


152,923,460.80 


141,916,254.70 


137,134,370.22 


601,126,118.63 




Civil and miscellaneous 

War Department 


43,121,802.93 
52,384,692.54 
26,958,057.77 

4,142,544.49 
37,856.966.13 

5, 499, 463. 49 


41,945,300.82 
36,725,812.46 
31,776,399.54 

3.648,415.42 
37,553,124.62 

5.154,066.45 


43,608,678.10 
46,587,076.65 
29,408,249.92 

3,147,692.45 
41.409,212.57 

5.142,096.48 


43,821,053.74 
43.323,308.18 
30.637,526.06 

3.641,203.39 
37,073,164.69 

5,630,521.79 


172,496,835.69 
178,020,889.83 
118,780,233.29 

14,579,755.75 
153,892,467.01 

21,426,138.21 


Navy Department. . 


Interior, ^^iaios 


Intolor j pensions 

Interest on pabUc debt 


Total 


169,963.516.35 


156,803.119.31 


168,302,906.17 


164.126,777.85 


659 196 319.68 






Excess of expendi- 


811,483.54 


3,879,658.51 


26.386,651.47 


26.992,407.63 


58 070,201.16 







191 



192 



REPORT ON THE FINANCES. 



Wo. 3. — Receipts and Expenditures for Service op the Post-Officb Depart- 
ment FOR THE Fiscal Year 1908. 



Office. 



Washington , 

Baltimore 

New York 

PhUadelphia 

Boston 

Cincinnati 

Chicago 

St. Louis 

New Orleans 

San Francisco 

National-bank depositaries. 
Unavailable item 



Balances June 
30. 1907. 




$274,716.06 

197 351.62 

2,982,110.37 

1,652,021.72 

762,766.40 

815,612.31 

3,001,236.13 

930,022.23 

951,255.72 

1,015,720.45 

12,613.62 

37,277.00 



Total 

Less transfers between offices.. 



12,0,13,293.75 



Net receipts and expenditures by I 

Treasury officers 

Receipts and expenditures by post- i 
masters for quarter ended: 

Sept 30, 1907 ! 

Dec. 31, 1907 

Mar. 30, 1908 

June 30, 1908 



$10,878, 
2,601, 

36,491, 
5,018, 
5,048, 
3,707, 

16,714, 
0,666, 
2,063, 
3,614, 
30, 



956.94 
606.21 
07 
098.81 
024.08 
707.26 
382.55 
388.83 
921.15 
640.58 
848.80 



19,087,460.81 
2,528,938.96 

38,331,288.34 
0,883,866.46 
5,429,812.23 
4,298,363.50 

17,673,897.57 
6,825,897.45 
3,284,363.60 
4,015,422.78 
32,195.14 



Balances Jane 
80,1006. 



12,066,213.19 

230,106.87 

1,142,025.70 

.686,255.07 

380,968.01 

284,965.98 

2,041,72L11 

771,113.61 

830,813.37 

614,93a 25 

11,267.28 

37,2n.06 



94,350,409.48 | 98,391,50483 
15,200,000.00 : 15,200,000.00 I 



8,506,268.40 



a 79, 156, 469. 48 



34,707,880.42 
35,144,500.74 
34,904,090.70 
35,181,915.46 



Total ! 12,633,293.75 I 219,094,931.80 



83,191,504.83 



34,707,880.42 
35,144,560.74 
34,904,096.70 
35,181,915.46 



223,120,967.16 1 8,60^268.40 



a Including deficiency appropriation of $12,888,040.94. 



No. 4. 



-Post-Opfice Department Warrants Issued, Paid, and Outstandino 
FOR the Fiscal Year 1908. 



Warrants drawn on- 



Nuinbor . 

of I 

I warrants' 

' issued. ; 



2,170 ! 



Treasurer United States, | 
Washington 

Assistant Treasurer United I 
States- 
Baltimore i 33,231 

New York 40,743 

Philadelphia I 24,807 

Boston 10,011 

Cincinnati i 33,877 

Chicago 44,053 

Bt. Ix)uis 39,201 

New Orleans ' 32,319 

San Francisco ; 25,077 



Total 298,779 



Warrants out- 
standing 
Juno 30, 1907. 


Amount i 
warrants 
Issued. ! 

1 

$3,404,595.01 1 

2,488,093.19 , 
38,408,588.58 
0,020,911.81 
2,()91,(i57.73 
4,013,509.66 
14,;il5,544.81 : 
0,425,451.88 
2,007,007.32 
2,826,020.03 ! 


Amount of 

warrants 

paid. 


WarrantBoat- 
JuMaO,l5D8. 


$38,288.58 

52,305.66 
702,400.90 

20,031.03 

19,283.18 
147,711.48 
14(),033.80 
200,057.54 

73,032.17 
192,807.21 


$6,441,706.18 

2,444,502.00 
38, 478, 44a 76 
6,621,938.11 
2,691,701.32 
3,941,502.75 
14,314,751.77 
0,436,950. 16 
2,074,410.86 
2,713,352.19 


$1,17&01 

96,406.75 
682,654.72 

26,004.78 

19,179.50 
219,778.39 
146,826.90 
2«,159.26 

66,626.68 
806,585.06 


1,058,017.51 


83,262,040.62 . 


83,159,316.10 


1,761,842.08 



TBEASUREB. 



198 



Vo. 5* — Rboeifts and Disbursements of Each Kind of Monet on All 
Accounts at the Treasury in Washington for the Fiscal Year 1908. 



Aooount. 



BKCEIPTS 



Customs., 

Internal revenue 

Miscellaneous 

Disbursing officers 

Po8t-OtBce Department 

Transfers 

Standard silver dollars 

Subsidiary silver 

Minor coin 

Gold certificates 

Redemption and exchange. 



Total. 



DISBUBSKMENTS. 



Warrants and checks 

Disbursing officers 

Post-Office Department 

Transfers 

Redemption and exchange: 

Gold coin 

Standard silver dollars. . . 

Subsidiary silver 

United States notes 

Treasury notes of 1890 

National-bank notes 

Gold certificates 

Silver certificates 

Minor coin 

Redemption and destruction. 
Five per cent fund 



Gold coin. 



I Standard sil- 
I ver dollars. 



$148,650 

132,730 

38 

093,879 



$17,000 

2,005 

44 

9,450 



-I- 



241,316 2,294,639 



1,516,613 



150,000 
76,672 



34,363 



2,323,138 



7,374 



I 






1,505 

470, 142 

10 



1,288,539 



1,080 
2,200 
1,100 



Subsidiary 
silver. 



$26 



27,929 
8,619 
601 



United 
States notes. 



$3,000 



2,673,100 
160,352 
2,000 



155,803 • 127,371,691 



3,514,216 23,382,527 
123,610,000 



3,707,194 277,211,670 



65 1,361,275 

290,101 14,307,453 

50 144,021 

1,227,536 55,881,423 



83,303 
6,135 
2,610 

152,880 



Treasury 
notes. 



$820,158 



185,842 



1,006,000 



5 

12,154 

21 



402,404 
540,150 , 
20,041 • 

1 I 



5,085 
20,000 
1,002.556 
20.414.043 I 
13.813 > 
41,083.877 I 
1,600,641 I 
16,438,127 : 
100,210 I 



I 123,610,000 1,006,000 



Total. 



733,600 1,312,785 I 2,734,204 • 277,063,424 ' 1,006,000 



Account. 



National- Goldeertifl- , Silver cer- 



bank notes. 



cates. 



tiflcates. 



Minor 
coin. I 



Total. 



RECEIPTS. 



Customs 

Internal revenue 

Miscellaneous 

Disbursing officers 

Post-OfBce Department 

Transfsrs 

Standard silver dollars 

Subsidiary silver 

Minor coin 

Gold certificates 

Redemption and exchange. 



$56,784,110 



$32,650 i $143,573 | 

•i. 



$6 



$179,255 



6,998,850 I 
687,125 ! 
27,025 
243,566,455 



1,655.117 
489,690 I 
46,722 
198,967,473 j 
626,948 
873,686 
166,465 



2,757 

92 ! 
98 j 
10,603 



11,423,403 
1,480,613 
75,528 
628,670,512 
626,048 
873,686 
165,466 



201,766,171 ! 13,108.210 , 107,337,440 
261,040,000 ' 302,366,000 



446,883 



-I- 



442,366,253 
687,006,000 



Total 348,540,281 i 526,650,116 612,560,023 460,629 ' 1,772,884,563 



DISBUBSEIIENTS. 



Wamnts and checks 

Disbursing officers 

Post-Office Department 

Transfers .' 

Redemption and exchange: 

Gold coin 

Standard silver dollars. . . 

Subsidiary silver 

United States notes 

Treasury notes of 1800 

National-bank notes 

Gold oertiflcates 

Silver certificates 

Minor coin 

Redemption and destruction. 
FIva per cent fond 



30,536,157 
289.113.721 



5,690,000 

44,073.491 

2,996,609 

187,093,020 

68,170 

84,970 

1,373,650 

1,836.836 

1,060 

20,366,085 

7,474.240 

10,466,436 

148,740 

236,821,000 



2,390, 

10,838, 

301, 

159,406, 

36, 

1,264, 

467, 

1,860, 

170. 

47,277, 

2,901, 

80,422, 

69 

303,783| 



094 I 
107 . 
930 ; 

847 I 

870 
200 
186 
843 
969 
920 
745 
04() 
133 
000 



Total. 



298,648,878 527,482,105 611,278,789 



87 
39,621 , 

87 
67,956 

I 
47,628 , 
6,372 

19 ' 
14,952 . 



I 



4,862 
190,129 



9,601,421 

69,722,719 

3,441,706 

406,088,684 

241,318 

1,382.707 

2,848.120 

24,280,661 

186,842 

119,036.568 

13,198,210 

107,337,449 

398,087 

704,765.157 

250.113,721 



372,385 I 1,720,632,350 



58716— PI 1908- 



-13 



194 



BEPOBT ON THE FINANCES. 



Mo. 6«-~Reoeipts and Disbursbmbnts of Each Kind of Monet on Ali; 

ACCOXTNTS AT THE SUBTRBASUBT IN BaLTIMORB FOR THE FiSCAL YeAR 1906. 



Aocount. 



Gold coin. 



Standard sil- 
ver dollars. 



Subsidiary 
sUver. 



United 
States notes. 



Treasury 



BSCEIPTS. 

Customs 

In temal revenue 

Miscellaneous 

Disbursing officers 

Post-Office Department 

Transfers 

Standard silver dollars 

Subsidiary silver 

Minor coin 

Gold certificates 

Redemption and exchange. 
Issues 



S3,660 
13,586 

u,effr 

0,005 

3,671 

343,578 



943 
2 
39 
2 
17 
1,122,503 



S608 

79 

411 

73 

842 

155,736 



$197,003 
32,305 
56.807 
207,400 
81,020 
2,572,360 



S20 

144 
60 
56 

1,227 
2,82» 



4,850 

50 

870,000 

1,493,156 



27,706 
4,813 



1,168,360 



2,964,100 



2,214,447 



8^ 
6» 



U,064 



Total. 



DISBXTBSEMENTS. 



Warrants and checks 

Disbursing officers 

Post-Office Department 

Transfers 

Redemption and exchange: 

Gold coin 

Standard silver dollars. 

Subsidiary silver 

United States notes 

Treasury notes of 1890. . 

National-bank notes 

Gold certificates 

Silver certificates 

Minor coin 



Total. 



2,753,152 



2,290,966 



3,121,849 



5,393,467 



15,478 



25,000 
162,018 

7,737 



3,051 
321,500 



11,553 

697 

585,775 

34 



700,000 



526,650 



1,683,731 



373,233 
1 
861,096 
838,240 
132,212 



399,510 
1,094,730 

116,520 
2,320,000 

50,000 

4,320 

179,650 

806,566 

9,491 



26,100 
106,100 



1,421,405 



2,006,286 



2,803,527 



5,201,977 



16,000 



16,00» 



BECEIPT8. 

Customs 

Internal revenue 

Miscellaneous 

Disbursing officers 

Post-Office Department 

Transfers 

Standard silver dollars 

Subsidiary silver 

Minor coin 

Gold certificates 

Redemption and exchange. 
Issues 



National- Goldcertifl- 
bank notes. cates. 



$203,490 

85.705 

615,270 

379,578 

5,451,891 



101,950 
10,465 



1,164,230 



Total. 



DISBXTBSEMENTS. 



Warrants and checks 

Disbursing officers 

Post-Office Department 

Transfers 

Redemption and exchange: 

Gold coin 

Standard silver dollars. 

Subsidiary silver 

United States notes. . . 

Treasury notes of 1890. . 

National-bank notes 

Gold certificates 

Sliver certificates 

Minor coin 



8,012,579 



304,300 
2,636,440 

669,000 
3,827,500 



7,870 

313,260 

3,792 

2 

51,000 

17,000 

4,000 

102,130 



$3,924,720 

438,440 

1,004,780 

399,900 

393,160 

18,644,706 



255,110 
25,680 



18,285,350 
8,580,000 



51,951,846 



5,048,355 
8,752,184 
1,392,617 
13,670,500 

2,317,760 

790,490 

2,455,440 i 



Silver oer- 



$87,966 
38,573 
35,462 
421,197 
201,961 
7,305,709 



Minor coin. : TotaL 



$37 $4,214,06S 

3 I 736,631 

40 : 1,196,001 

12 1,649 9M 

119 1,061,604 

, . 79,606 35,678,930 

372,900 ' 872,900 

183,463 573,1U 

16,548 57,11S 

87O,00(^ 

7,492,866 918,060 35,ni,61^ 
8,560,00» 



16,156,664 



997,856 9n,608,8flT 



334,315 
2,211,805 

240,596 
7,481,630 

1,123 '. 

362,910 . 

22,400 >. 

3,943 ; 

106 I 



62 6,067,238 

976 14,710,739 

68 2,444,503 

40,415 28,435,83» 



1,501 



16,551,020 
256,270 
706,800 



13,720 I 

5,300,656 ! 

6,470 1. 



2.378,166 
1,166,600 
2,970,760 
2,214,447 
11,064 
1,164,380 
338,720 18,286,360 
89,897 7,492,866 
930,500 



236,923 

1,454 . 
252.134 



Total 7,U36,294 I 51,941,436 15,979,674 



962,150 88,270,749 



TBEASUBEB. 



196 



No. 7* — Rbcsipts and DisBURSBiiENTS OF Each Kind of Monbt on All Ao- 

0OUNT8 AT THB SuBTRBASUBT IN NbW YoRK FOR THB FISCAL YbAR 1008. 



Aotmtmt. 



Customs.. ».*»......*... 

Intent^ mrcDUie . „ . 

Mlnelliiiieous . _ _ ^ ^ 

Dlibuming ofnc^ni ...... 

Poet'^lllcfi Depiutmaat. 

Tnnsfeit^. , . . * 

<>oldbu9 ,*. 

BbiudATd ^rer doUAn. . 
AubiidJuyiUyeir 



Gold coin. 



U7,1T8 
4,212,«74 



Zt2m 



BMtaiiplloa aiidexchaiie» f 7Sji20,7C 

BpnUd castQim deposit, , 



•I- 



Standard ^1- 
ver doUara. 



4,7t)a 
14,177 

3&,€Q3 
47,893 



875 
125 



5,KI>,240 



SubtsJdLSiry 



247 

10,W6 

U,l«9 

S»l,056 



IS, 130,042 
123 



United 
states 
notes. 



1^,003,^72 

ICO 

S,730 

582,854 

SO0|85Q 

22,B40,e02 



TnBaaury 



tl40,4£l 



49,323 ! 
24,336 I 



74,«7»,«34 I 170,881 
2,539 L 



Total.. ,. I 8a,tf27,83S 



hfim,A7B 



IVi|nDta and chficki. . . . 

DWnireLnfr ofUcen .«....,,„ 

FfW^OfBco Dopartmoat . 

Tfimsffrrs* 



1,076,350 



ItMleRipUoti and eKCbancrr: 
GoTd colD . 



WOjOOO 



7jMl 

'siajwo 



standard silver dollar-i 

SalxAdiarr sHvn 

United States notM . . . 
Treavury notes oF 19B0. 

Nayomd^baak notes. . . 
Odd oertlAcatea „,,,., 

SIlTfir oHtieUiatflts 

Utnor ooln . . „ , ... 

Clearlng-hoyae balauoos. . , 

Total .. 



8, WO 



i5,eoo 



I 74,490 JOB 



L200,SOO 
l,a03,7i-,3 



w,Qa&,&e& 



8,041,213 



19,031,472 



100,601,939 320,!^ 



1,0G4 

149,S9S 

37 

5,096,314 



2,0»,€^ 



47,742,000 



gi0,9i)0 



40,^2,080 



800,090 

9,566,820 
4.W,507 

tQ3 



S, 764, 145 



314,000 



16,&5e,830 



iOO| 109,000 I 314,€00 



OavtOnu ,... 

Intefnal revenue ...... 

VteMUaneous 

Dtibursinf; oflloett 

PdatOfflc^ Dcpartm^t. . , . 
Twttlen ...... 

OoMbani 

Standard silver dolkis 

SubildJary silver ........... 

ItlDor coin 

Oold wrtiflcates .__...,., 
BedemptioTi and excban^. 
SpKial ciiiitoma dtpoalt* . . , 
bsuM 



Natfanak 
hunk nohta. 



Goldoeirtlfi- 



SIItct oer- 



Ulnor 
coin. 



II, 870,000 

1,487,500 

10,713,83? 



34,030 
3,220 



8176,757,290 

2,075,700 

34»522,300 

31,840,400 

14,727,560 

6t0,0»4,800 

5&,052,€eO 

97,150 

7,000,380 

960,060 



84,712,391 



125 



22,SL8 

560,892 
74,700,024 


15 
56,563 



2,953,700 
41,081 

22S7 



835,872 



300,558,440 
355, 129,000 
51,690,000 



m,038,]58 2,004,014 
2,444 28 



Total. 



8180,682,130 
2,104,440 
34,7a'i,38A 
35,067,987 
17,404,802 

S5,9f*2,0T8 

3A"'lt^40 

7,lS§,e09 

995,378 



501,952,909 
355,134,824 
5K69O,0OO 



Total.. 14,044,440 |1,547,47t,^| 204,737,086 2,7j4,954 |l,98l,77g,3g 



OUBU ELEMENTS. 



Warrants and oh^ka ..... , _,., . .... 

Blitoiirslne ofIicf?r» 6,89i ,886 

Po«M>f&oe Deportment. ..................... . 

TfWislwf,.. ,..: 8,26.-1,000 

Redemption and «xclian^: I 

Ooldootn 

Standard silver doLIors . * ..„,*..*.,, 

Siibslditiry 91! v^r ....-.._. 

Unit('d t^tates nou^. ._*.,,..,..,,„ , 

Twsasury notes of 1880,. .....,„,, 

CH»ldoertlfteatei. 

Rflvereertlflestn, 
Ifln^ooin.. 



\ 



24,748,300 

910,014,052 

7,732,440 

82,067^000 

TS,10S,6S8 
685,000 



30,700 
Il3,413,2g0 
72,288,540 



28,6^ 
18,121,846 

81,174,187 



8,827,032 

I8,036,ii6e 

32,101,510 

177,665 

4,800 



272,507,000 



#,119,266 

2,678,855 

391 



m I 
14,106 ; 

3 : 

S58,551 I 

2,070 I 

74 . 

" ioi^OM I 

110 ■ 

m,9ft2 

1,685,335 

112,033 

574 

11 



24,774,748 

940,257,733 

7,733,8® 

228,731,051 

78,113,101 
5*827,108 
18,1^,908 
74,419,600 
177,775 

200,346,360 

120,883,099 

2,677,434 

281,271.870 



Toial.. 14,ft'j6,fflS ll,562,4(V9,080 201,272,576 2,395,955 1,9«2,0S7,064 



196 



BEPOBT ON THE FINANCES. 



Itfo. 9.— Receipts and Disbursements of Each Kind of Monet on Aix 

AOCOUNTS AT THE SUBTREASURT IN PHILADELPHIA FOR THE FISCAL YXAB 1906. 



Aooount. 


I 
Gold coin. ' 


Standard 
silver 
dollarB. 


Subsidiary 
silvivr. 


United 
States 
notes. 




Tnmaj 
notw. 


Ciifftoxns 


$739,478 


16,920 


$920 


$631,814 


$3,815 


Internal revenue 


Misoellaneous 


482,025 

77,030 

60,228 

5,298,296 


8,437 
34,920 

6;e9i 

8,251 


637 

14,742 

7,667 

931,309 


114,361 

629.165 

883,975 

6,004,808 


1.848 
7!l36 


DiAbiirsing officers 


Post-Offloe Department 


3,030 


Transfers 


Standard silver dollars 


Subsidiary silver 


19,950 

4,090 

5,140.000 

489,920 


200 
40 


1 


138,821 
30,864 


800 


M inor coin 


673 


Oo'd oertiQcatcs 






Redemption and exchange 


3,019,804 


6,235,714 


7,607,080 


10,548 


IffifU«» 






1 


Total 


12,311,616 


3.668,263 


7,190,890 


14,660.407 


87,410 


DISBURSEMENTS. 

Warrants and checks 


1,207,010 

2.254,006 

521,000 




736 

01,849 

514 

2,626,752 

39.965 

17,506 

658 

144.145 

1.359 

1.102,435 

2,197.600 

145,275 

143 


681,300 

1,700,138 

65,440 

8,374.000 




Disbursing ofticers 






Post-Office Department 






Transfers 


1,788,500 


37,000 


Redemption and exchange: 

Gold coin 


Standard silver dollars 


20.000 

130 000 

800,450 

55 


287 




Subsidiary silver 


03.610 

3,373,860 

5,400 




United States notes 






Treasury notes of 1890 






National-bank notes 






Gold certificates 


4,068,900 
255,000 




15.000 




Silver certificates 


1,964,949 




Minor coin . . 


28,850 












Total 


9,256,421 


3,753,736 


6,238,937 


14,306,406 


37,000 


Aw-ount. 


National- 
banknotes. 


Gold 
certmcates. 


Silver 
cerUflcates. 

$217,598 


Minor 
coin. 


TotaL 


RECEIPTS. 

Customs 

Internal revenue. . 




$15,535,961 


$60 


$17,135,076 


Miscellaneous 


S291,0Q8 
1,781,481 
1,199,780 
3,902,910 


4,154.457 

1.66:{..V.2 

2.963.750 

45,Oi5.0t5 


43.513 

1,245.175 

763.791 

28, .514. 279 

1,886,100 

282.624 

62,010 


73 . 
160 


5,006,340 


Disbursing officers. 


5,443,161 


Post-Offico Department 

Transfers 

Standard silver dollars 


527 
36, OH 




88,767,070 
1,886.100 


Subsidiary silver 


321.047 
91.165 


1,663,670 
387, »t5 




3,427,181 


Minor coin 




577,387 


Gold c«»rtlflcat<'s 




5,140.000 


Redemption and exchange 

Issues . 


1.261,260 


74.955,000 
46,920,000 


24,016,354 


1.000.530 


110,206.839 
46,030,000 










Total 


8.848.741 


193.289.190 


57,031,444 


1.037,403 1 307,975,364 


niSBURSEMENTS. 

Warrants and chocks 


982,320 

.1.681.165 

30.610 

3.811,000 


22.66.1,190 
21.57.*., 061 
5.658.819 
59,110,000 

5,579.010 

123. 4 JO 

3,405.470 

3,192.390 

11,800 


1.492.095 

8.270.546 

355,490 

22,643,000 

5 

1 3.448,412 

2,226.441 

I 11.000 


! 

73 • 

4,011 : 

65 i 
208,a53 

10,910 

100 

13 

41,354 

1 9^ 

158.825 

268.500 

52.280 

20 

1 


27,026.624 


Disbursing officers 

Post-Oillce Department 


37.616.976 
6,631,038 


Transfers 


98,496,604 


Redemption and exchangi*: 

(lold coin 


5.020,030 


Standard silver dollars 


3;0OO;8O4 


Sii»»siillar>' silver 

I' niUnl States not<s 


275,820 


0.223.013 
7,663.160 


Tn*isiirv noti^s <*t 1^*M) 


' 10.548 


N&tioiiA^«l>«ink riot4^ - - - 




1,261.280 


Gold certificates 




6H.;jR.->.000 

3.R:w.9r>o 

472,280 


20.000 

: 17. 021.950 

451.708 


74.055,000 


Sliver certiflcat««s 

Minor coin 


: 4.^350' 


008,351 






Total 


8,826, -jftS 


194.160.410 


66.543.647 


746.376 ' 203,966.590 



THEASXJBEiS. 



197 



Igo. 0.~Rbobift8 and Disbubsbments op Each Kind of Monet on All 

AOOOUNTS AT THE SUBTRBASURT IN BoSTON FOB THB FI8CAL YeAB 1908. 



Aoooimt 

« 


Qoldcoln. 


Standard 
sUver 
doUais. 


Subsidiary 


United 
States 
notes. 


Traasoiy 
notas. 


BBcnra. 
Costomi T 


•407,883 
68,400 
61,787 
14,G00 
168,897 

1,816,939 


815,822 


12,586 

988 

126 

1,784 

320,762 


$568,968 

181,301 

138,143 

499,082 

4,600,897 


82,194 


f ntMmAl flWVVtnilB 






58 


1,628 




704 


PvMt-OffliOfi l>ftixartment 


11 
13,631 


1,060 


TmisfBn 


28,767 


RtundArd illvflr dollars 


300O 
650 


BaMdlary dlvw ..tt.. 


2,900 
200 






78,590 

7,662 


MhMvcolh 






821 


Child ottrtlflfifttm 








Bfidnnpttm wfd fizcbftngv 


8,824,886 
16,300 


1,360,430 


. 2,450,616 
482 


7,499,746 


4,683 














Total 


6,881,792 


1,389,962 


2,776,732 


13,569,294 


38,570 






DUBUBSEMEHTS. 

Wim&ts Mid (dieoks , 


926,' 800 
43,000 
62,668 

96,286 


2 

4,198 

3,000 

935, €00 


489 

38,035 

412 

1,512,014 

22,631 


107,000 
798,715 


■-• 


DIfbiinrinff Mtrnn T, . . , 




Pwt-Oflloe Deptfimfliit 




Tnuftn " 


9,261,010 

53,900 

20,600 

366,446 

2,876,600 


38.200 


R«kmptlon and ezehange: 




Standard sUver dollars 






Snbflidlarf sll^'w . 










United States notes 


65,336 
96 




80,843 

1,282 

167,460 

389, n6 

76,926 




Tnasnrv notes of 1890 


600 










Gold certificates 


. 5,354,060 








8UT«r certtflcntm xx 




888,076 


7,000 
97,970 




Iffnorcdn.... 
















Total 


6,874,113 


1,331,376 


2,289,817 


13.680.040 


38,200 





Account 



National- 
banknotes. 



Gold 
certlflcates. 



Silver 
certificates. 



Minor 
coin. 



Total. 



IntsnialrevenQB.. 



Disbnntng offlcms 

FwM>IBoe Departmeot. 



Standard lUvar dollars 

Babaidlary sUtw 

Mmorootn 

Ooideertifloates 

Badsmption and exchange.. 
" — * '—1 deposit 



Total. 



DBBUBSKMKNTS. 



Wamnts and cheeks 

Dtsbmtng ofilcers 

PQst-Onice Department 

Tranrfers 

Redem p tion and exchange: 

Gold coin 

Standard sUver dollars .. . 

Subsidiary sUver 

United States notes 

T r e asur y notes of 1890. . . 

National-bank notes 

Gold certificates 

SUfer certificates 

Minor odn. 



Total. 



$17,145 

48,210 

364, 2U5 

930, S)5 

1,681,885 

600 

511,910 

107,575 



$21,549,360 

31,820 

2,331,160 

2,812,340 

3,057, 2iX) 

40,995,870 

38,000 

703,140 

12,230 



$440,404 

471 

80,171 

244,913 

373,603 

14,832,305 

941,C00 

79,840 

10,642 



$166 



54 

15 

162 

10,123 



249,958 



6,214,680 
23,006,775 



15,673,967 
G,578 



514,145 
72 



3,912,343 



100,811,615 



32,684,584 { 524,727 



7,600 
583,820 



2,010,595 



5, COO 

971,150 

30,000 



15,930,551 

52,471,(50 

2,G10,1C4 

18,605,200 

3,667,100 

5,2C0 

1,111,00 

4,405,300 

2,000 



36,3(>5 

2,727,806 

35,136 

17,907,019 



53 

2,724 

49 

154,924 



1,331,990 ! 
19,476 , 
33,500 I 



7,000 
270,315 



321,700 I 

4,661,700 I 

147,140 



2b,000 I 
10,543.100 
2,»X) . 



40,208 ; 

756 
82,489 I 
126,684 
39, 2C^ 



$22,972,40$ 

117,845 

2,705,847 

3,575,196 

5,032,778 

64,290,100 

983,100 

l,3n,030 

139,030 



37,792,455 
23,088,207 



162,079,615 



16,416,960 
57,655,748 
2,(501,761 
50,547,130 

3,829,386 
1,313,350 
2,4(8,130 
7,621,746 
4,C^ 

249,058 
6,218,180 
15,723,007 

617,985 



3,888,980 ! 103,984,825 , 32,002,951 447,732 106,107,934 



198 



BBPOBT ON THE FINANCES. 



Mo. .10«— ReOBIPTS and DlSBURSEliENTS OF EaCH KiND OF MOKST ON AXX 

Accounts at the Sitbtrbaburt in GmaNNATi for the Fiscal Year 1908. 



Aoconnt 


Gold coin. 


Standard 
sUver dollars. 


' Subsidiary 
silver. 


Unitsd 
StatatiiotBB. 


Tnuarj 
notM. 


rechpts. 

Clutoins 






$29 
14 
61 
19 

120 
415,176 


31,000 
372,100 
351,000 


t 


Internal revenue 








Mlflcellaneonff 




• 




Disbursing officers 


$22,800 






Post-Offioe Department 


50,200 
2,428,200 
.. 






Transfers 






Standard silver dollars 






Subsidiary silver 


12,000 




8 


150, WO 

an 




Minor coin 






Gold certificates 










Redemption and excbangt^ 


1,547,303 


85,781,906 


3.a01.iIAfi 


646,400 




Issues.! r. 
















Total 


4,060,503 


5,781,908 


8,716,987 


4,742,800 








DISBX7B8EMIN1S. 

Warrants and checks 


667,505 

612,983 

222,965 

44,117 

18,005 




2,116 
4,645 

12.294,478 


206, a» 

662,800 

158, a» 

2,790,000 

61,500 




Disbursing officers 


8,010 

15,200 

3,900,660 




Post-Office Department 




Transfer!? _ , _ . 




Redemption and exchange: 

Gold coin 




' 11 




Standard silver dollius r 






Subsidiary silver 


4,000 
3,000 






567,500 
46:600 




United States notes 




127,800 




Treasury notes of 1890 






National-bank notes 












Gold certificates 


723,000 
22,000 
2.000 


1,700 
172,058 


274,900 
203,724 






Silver certificates 


130,000 
53,500 




Minor coin 












Total 


2.310.575 1 4.002.fi28 


2.909.132 


4.664,800 






NaUonal- 
bank notes. 







Account. 


Gold 
certificates. 


SUver 
oertiflcates. 

$169,114 
39.093 
38.993 
137,163 
306.593 
7,242.296 
8,665.660 
22R.370 


Minor 
coin. 


TtttaL 


BKCEIPTS. 

Customs 




$575,000 


$4 

1 



4 

78 

40,024 


$816,647 

l,«»,60i 

6il.aBI 

4,072,186 

8,a6i,aH 

89,006,78$ 

8,0»,600 

3,144,088 

164.688 


Internal revenue 


1636.000 
265.000 
1,272.500 
1.662.900 
9,382.300 


657.000 

216,200 

2,267,600 

1,190,400 

16,462.000 


Miscellaneous 

Disbursing officers . 


Post-Office Department 


Transfers * 


Standard silver dollars 


Subsidiary silver 


972,300 777,350 j 




Minor coin 


28.000 16,350 1 110,832 

i 




Gold certificates 






18,000 3.710.700 1 3.484.552 


487.867 


18,986,786 
1,240,008 


Issues 




1,240.000 1 












Total 


14,237,000 ! 27,120,600 1 


15,412.675 


527,482 


76,888,866 




DISBURSEMENTS. 

Warrants and checks 


1,481,800 
1,090,145 


5,131,340 
4. MS. 393 


1,111,503 

2,017.586 

458.763 

7,060,010 

172.248 

1.801,406 

5r,205 

285,500 


283 

1,664 

170 

128,888 

86 


8,001,067 




8,866,826 


Post-Office Department 


452.200 i 2,632,247 
8,100,000 ' 4.705.000 


8,841.608 
28.108,148 

1.682,800 

6.7^'08 

8,286, 9i« 

848,400 


Transfers ! 


Redemption and exchange: 

Gold coin 




1,320,450 
3,881,300 


Standard silver dollars 






Subsidiary silver 


1,017,600 
21.000 


1,170.000 
132,000 




United States notes 


81,600 


Treasury notes of 1890 


National-bank notes 




18,000 






isiooo 


Gold certificates 


.56,000 


2. 4%. 400 


120.500 


96,200 
166,890 


8,718.708 

8^478.467 

487,867 


Silver certificates 


377,800 ; '9i4;840 '' 1,490;045 
90,555 < 150,630 | 181,672 


Minor coin 








Total. 


18,587,000 - 27.264.600 1 15.336.040 i 


411,286 


9ILS7X.M1 






' ' 1 


1 







TBEASUBEB. 



199 



Mo. H.^Rboeipts and DiSBURSsiiSNTS OF Each Kind of Monet on All 

AOOOUNTS AT THE SlTBTRBASURT IN GhIGAOO FOR THE FiBCAL YeAR 1908. 



Aoooont 


Ooldooln. 


Standard 
sUver 
dollars. 


Subsidiary 
sUver. 


United 
States 
notes. 


Treasury 
notes. 


BXCKIPT8. 

Oortoms 




$66,000 


$1 


$4,000 












850,000 
t 






26,740 
1,886,818 
8,825.197 
9,968,705 


$220 








466 


POBt^ffl06 DnMUt]X160t 








8.880 


TMfi9%^. *^ 


12,315,000 

_ _ 


104,000 


2,470,000 


7,166 


8t«iidanl frilyvr dollMif 


103,860 


Sobsldiury sUver 






8,725,585 
666,560 




if inor colli 










onid ^wtiflcfitm 










Rwlfflnptlm uid oxt^angB 


82,500,321 


10,372,210 


7,118,740 


14,693,015 


58,920 


lanrnB 
















Total 


44,874,821 


10,532,210 


9,583,741 


33.681,105 


168,460 






DI8BUB8BMENT8. 

Wamnts and cbecks 


19,539,000 

766,000 

106,000 

4,451,134 

160,000 






4,079,510 
2,289,440 
2,417,565 
14,272,000 

190 

10,060 

4,680,430 

4,300,925 




I^btmliig ofBcHV 








Posi-Offloe DepfOtmeQt 








Tnnsfttn T 


6,994,818 


6,763,848 


166,000 


Itedemptlon and exdiange: 

Qoldcoin 




Standard silver dollars 








Subsidiary sUw 










United States notes 


34,066 


5,000 


539,045 




Treasury notes of 1890 
















Gold certificates 


16,870,735 










^ver certificates 


289,506 


1,045 


80,800 
790,130 




M<nor ool«i 
















Total 


41,915,954 


7,289,343 


7,303,938 


32,899,575 


166,000 






Aoooont 

1 


National- 
banknotes. 


Gold 
certificates. 


SUver 
certificates. 


Minor 


Total 


sscnPTs. 




$9,727,230 

1,000 

3,435,940 

54,213,690 

7,635,810 

160,173,835 


$12,972 

200 

30,815 

1,633,666 

8,445,042 

23,367,122 

8,193,473 

28 

2,005 


$149 


$0,800,852 
1,200 


fntnnal nmmm. . . . ^ 






$13,225 
1,909,256 
1,536,549 
3,005,050 


i27 
135 


3, 567! 067 


Dlirt>initng officers 


in 142.42K 


Post-OIBoe Department 


155 I 15i946i063 


TYMisfttrs ? 


155.252 1 201.&S1.120 


Staadanl silver doUara 




200,000 




8,496,823 

6,538,378 

780,670 


4nbffidlary rAlvw. 


899,600 
212,115 


1,912,160 




MInnr mln , , 




<JM4 mrtUfkmtm . 






Kedempttm f^d exchange . 


3,760 


34,184,076 
6,480,000 


22,560,954 


806,785 i 122.377.7fl0 


ISRMS.T 




6,480,000 












Total 


7,579,555 1 267,963,740 


59,236,177 


1,062,603 . 434,671,902 






DUBUUKHKirTS. 

Warrants and checks 


3,714,765 109,841,600 

760,225 60,318,338 

360 9,988,382 

2,896,000 lO.QflO.OOO 


4,495,118 
3,050,939 
1,803,301 
30,671,000 

1.853 

8,699.270 

1,633,120 

291,820 

27.920 


277 i 141,670,270 




146 67,153,098 

144 14,314,762 

612,138 85,895,938 

138 ! .%2..%4.321 


Pott-Ofllce Department 


Transfsn '. 


Oofilooln 




32,222,140 

1,849,840 

818,430 

9,255,910 

25,600 


Stendtfd silver dollars ' .... 




10,450,190 

7,140,980 

14,779,215 

53,420 


SnWridiary silver 





United Stetfls notes 


63,000 



289,410 


Trsasory notes of 1890 


National-bank not^ 


635 
46,000 
85,000 


1,760 i 1 37fi 1 




3,760 


Gold oertiflcates 


17,2n,440 

13,873,690 

35,560 


31,000 

8,404.538 

60,950 




34,225,175 


Sltvw oertiflcatfls 




1,176 
4 


22,705,254 


Ufnvr coin 




895,634 


TMal 






7,664,985 274577.1570 1 


60,090,204 


903,433 


431. 681.002 






' ' 1 







200 



EEPOBT ON THE FINANCES. 



Bfo. 13. — RsoBiFrs and Disbursbmbnts of Each Kind of Monst on All 

Accounts at thb Subtrbasubt in St. Louis for thb Fiscal Ybab 1906. 



Aoooant 


Ckddooin. 


Standard 
sUver 
dollan. 


Subsidlarr 
sUver. 


United 
States 
notesL 


Tratsory- 
ootas. 


"receipts. 


1136,380 


112 


S82 


1673,875 


fl*90l> 


Int«rn*l rcvpim© 




Misoellaneous 


67,000 


6,072 

400 

61.001 

1,073 


61 

30 

18,270 

.1,476,030 


437,206 

888,106 

878.800 

10,067,276 




Disbursing officers. 




Po8t-0ffioe DeDartment 


74,628 
2,708,450 


IS. Ml 


Transfers ...r. r-r -r 


8,001^ 


Btandftrd sllvw doll&rs 


»,&» 


Subsidiary silver 








8,082,000 
202,116 


Minor coin 










Gold certificates 


680,000 
3,010,405 








Redemntion and exchansQ 


6,707,806 


6,218,691 


4,008,111 


ao^o6(^ 


Issues - - - - 
















Total 

DISBUBSEMENTS. 

Warrants and checlcs. ....... r 


6,755,853 


6,776,366 


6,712,013 


22,026,242 


77.S01 


160,100 
705,160 
135,630 
665,678 


884 

724 

491 

7,463,037 


107 

122 

62 

4,864,676 


2,668,066 
6,166,780 
1,M0^040 
6,661,000 




Disbursing officers 




Fost-Offloe Department 




Transfers t 


7i,40» 


Redemption and exchange: 

Qofd coin 


595,020 


Standard silver dollars 






600 
2,749,266 
2,827,010 




Subsidiary silver 






0.502 
1,389,049 




United States notes 




2,000 




Treasury notes of 1890 






National-bank notes 














1,600,300 










Silver certificates 


266,102 

4 








Minor coin 




' 


827,680 








* 


Total 


4,041,888 


7,733,242 . 6.763. 508 


21,446,261 : TiLioa 













Account. 



RECEIPTS. 



Customs 

Internal revenue 

Misoellaneous 

Disbursing officers 

Post-Office Department 

Transfers 

Standard silver dollars 

Subsidiary silver 

Minor coin 

Oold certificates 

Redemptiou and exchange. 
Issues 



Total. 



DISBURSEMENTS. 



National- 
bank notes. 



Gold Silver 

certificates, certificates. 



81,384,810 



822,780 3,059,060 

795,550 1,255,350 

1,466,165 I 1,066,055 

19,184,480 41,993,600 



8405,812 



133,450 ' 
1,290 i 



122,384 
1,043,150 
1,066,895 
11,354,735 
5,537,350 



Minor 



8138 




!i' * "4,617,066" " 
1,270,000 I. 



4,331,672 , 446,468 



21,003,715 54,046,475 , 23,881.998 546,976 



I 



Warrants and checks 229, 890 '• 

Disbursing officers 3, 810, 13:» 

Post-Office Department 1 551, 570 

Transfers 13. 048, 000 

Redumption and exchange: ; < 

Gold coin ; 

Standard silver dollars 1 171,000 

8ul)si(ilary silver 2.349, 471 

United States notes 

Treasurv notes of 1S90 

National-bank notes 

GoM cortlfioaUfs 70,000 

Silver wrtlflcates 42.000 

Minor coin 1 12, 434 



6.9A5,900 ' 
18.002.087 : 

3,090,113 
22,998.700 ' 

3,020.475 1. 

1,770.900 ■ 

151,500 ! 



355,615 

1,692,860 

518,909 

12,102,024 



206 

146 

145 

223,359 



4.874,408 
8,000 



500 



2.2.)7,300 
227,000 



8 
290,057 



3.796.570 , 
7.020 



Total 20.390,500 .W.194.475 23.3S4,856 



513.1 



ToteL 



t2,600,76» 



8,704,684 
8,n2,8» 
4,676.288 
87,867,861 
6,676,880 
4,066,610 



661^000 

27,760,786 

1,270,000 



142,426,02s 



10,306^686 

20,668,018 

6,486,060 

67,626,878 

8,615,406 
6,816,806 
6,367,742 
4,006,116 
20,060 



4,017,600 

4,881,673 

447,146 



142,647.068 



TBEASUREB. 



201 



Mo. 13. — ^Rbcbipts and Disbubsements of Each Kind of Monet on All 
Accounts at the Subtreasurt in New Orleans for the Fiscal Year 1908. 



Aooount. 


Odd coin. 


silver 
dollars. 


Sabsidiary 
sUver. 


United 1 Treasury 
States notes., notes. 


RSCEinS. 

Customs 


$10,780 


12,180 


11,207 


1490,390 


$2,642 


Txiternal revMue 




lfl8CttllAn^» . , , . 


505 

645 

10,384 

109,256 


10,522 

13,681 

56,889 

270,845 


6,870 

1,373 

53,216 

1,789,604 


94,135 

174,264 

466,029 

3,195,653 

46,400 
211,501 

12,839 


2,553 


DUbursixi^ oflkiers 


305 


PostoOfRoB DopcutiiMnt 


3,544 
3,521 


Tnosfen T. 


fUandant silver dollars 


4.121 


Subsidiary silver 


600 






m 


lIlDorooiii. , . , 






440 


Gold ofortiflmttn 












788,486 


4,199,050 


2,737,265 


1,606,065 


1ft. 4J» 


Isnies 














Total 


920,746 


4,554,067 


4,589,625 


6,298,056 


33,004 




DBBUBSBMENTS. 
WftiTiMfitf And chAcks. 


5,000 
96,642 






617,126 

824,824 

267,335 

2,378,700 

0,519 

36,500 

781,000 

1,416,675 

900 




Disbuniiig officers 


637,927 

15 

5,161,799 


463,012 
3,310,748 




Post-OlQoe Deuartment 




Transfers ' 


90,172 


34,000 


Redemption and exchange: 

Qoldooln. 




Stazidaid silver dollars 










SubsidiarT silver 










United States notes 






3,000 




Treasarr notes of 180O 








National-bank imUm 






5,000 
13,000 




Gold certiftcates 


75,400 


20 000 
20,900 


100 


Silver certificates 


8,050 


uiTvv^^n 






29,570 















Total 


267,214 


5,840,641 


3,785,662 


6,369,299 


34,000 






Account. 


NaUonal- 
bank notes. 


Gold 
certificates. 


SUver 
cerUflcates. 


Minor coin. 


Total. 


KBCXIPTS. 

Castoms 




15,822,510 


174,584 


1491 


•6,404,784 






tflirmillammm.., 


•78,725 

391,275 

877,975 

4,498,235 


992,010 
273,380 
1,043,770 
14,541,500 
2,403,600 
1,380,310 
29,220 


19,187 

10,202 

150,034 

4,519,173 

1,805,379 

255,121 

31,406 


3,772 
1,103 
12,703 
18,312 


1,206. SCO 
866,308 




Post-Office Department 


2,674,544 
28,046,170 


Tiansinn '. 




4,259,500 


SobsMiary silver 


887,605 
27,390 




2,735,450 


Minor m4n... 




101,205 


QoM oertlflffatfiff. . 








6,000 


879,820 


4,277,196 


114,284 


14,625,411 


ISStMS 






1 






Total 


6,766,105 


27,366,210 


11,142,282 


150,755 1 61,821,840 






DISBUBSEMENTS. 

Warrants and checks... . 


1,033,807 
771,928 
173.350 

2,609,000 


2,077,755 
6,061,552 
1,612,473 
16,665,500 

774, 170 

2,300,840 

830,540 

136,080 

450 


23,498 

640,882 

21,085 

5,011,000 

4,779 

1,839,110 

3,000 

3,500 


214 
87,014 

151 
23,932 

19 


4,357,400 


Disbmsing officers 


9,574,681 




2,074,411 


Tfan4ftnf 


35,284,851 


Redimption and ezchangn: 


788,487 


Standard silver dollars. . . 


14,000 


4, 190, 450 


Sabsidiary silver 


1,113,225 
45,700 


1 


2,727,765 


United States notes . . . 




1,603,955 
16,455 


TreasnrT notes of 1890 


15, ia5 




NaUonal-bani notes. . 







5,000 


Gold certificates 


2,000 


746,070 

797,820 

6,080 


19,250 

3,434,576 

8 




875,820 


SUver certificates 




4,261,346 


Minor coin 


78,625 


1 


114,284 






Total 


5,841,035 


32,609,330 


11,015,793 


111,331 


6o,874,9a5 



202 



BEPOBT ON THE FINANCES. 



No. 14. — Rbcbipts and Disbursements of Each Kind of Monbt on All 

AOOOUNTS AT THE SUBTRBASURT IN SaN FrANCISCO FOR^THB FiSGAL YbAR 1906. 



Aocoimt. 


Ooldcoin. 


Standard 
sUver 
dollars. 


Subsidiary 
sflver. 


United 
States 
notes. 


Tieasory 
notes. 


CiMtnmif , 


67,161,460 


617,076 


67,662 


630,890 


600 


InfirnfU revmiKf 




Miscellaneous 


732,754 
1,097,793 
2,356,534 
54,941,474 
2,123,400 
2,813,715 

178,020 
3,850,000 
7,504 630 
1,162,005 


2,078 
43,061 
72,335 

6; 929 


996 

44,136 

122,935 

1,034,450 


2,256 

1^880 

90,622 

654,100 


1 66 


Dlsbanlng officers 


10 


Post-Office Depar^nent 


1,466 


Transfers ? 


66 


fitandard silver dollars... 




Subsidiary silver 




7 
3 






Minor coin... 


3 






Oold certificates 








2,355,418 
119 


2,M..Jg 


02,426 


246 


Special customs deposit.r. 




Ij^ues 


















Total 


84,011,865 


2,497,018 


4,160,247 


742,133 


1,806 






DISBUBSSMEKTS. 

Warrants and checks ........ 


5,432,905 
45,598,111 

2,712,584 
22,189,535 

100,000 

2,337,410 

2,988,947 

62,425 

245 




1,043 

361,231 

'760 

3,014,576 

5,000 






Disbursing officers 


689,324 


276,000 




Post-Office Depardnent 




Transfers ? 


2,352,533 


40,000 
502,400 


2,000 


Redemption and exchange: 

Qold coin 




Stuidard silver dollars. ... 






Subsidiary silver 










United States notes 










Treasury notes of 1890 










National-banknotes 




17,600 






Gold certificates 


3,686,390 
45,600 
82,248 








Silver certificates 


2,135 








Minor coin . , 


















Total 


85,230,400 


3,043,992 


3,400,199 


818,400 


2,000 






Account. 


NaUonal- 
bank notes. 


Gold cer- 
tificates. 


SUver cer^ 
tlficates. 


Minor coin. 


TotaL 


BECEIPTS. 

Customs 




6288,730 


612,993 


6304 


67,616,064 


Internal revenue 




Miscellaneous 


617,415 

17,805 

265,060 


7;986* 

12,080 
244. isn 


2,834 

643 

133,107 

420,257 

179,500 


424 

4,637 

14,770 

99,241 


766,770 

62,258^662 

2,302,900 

2,816,202 

175026 

3,860,000 


Disbursing officers 




Transfers 


1,757,175 3,444,900 


Standard silver dollars 


Subsidiary silver 


1,480 






Minor coin 








■Gold certificates 








Redemption and exchange 


17,690 3,936,390 


47,735 


«,«! 


17,046,664 
1,162,426 


Special customs deposit 


Lnues , 




4,100,000 




4,100,000 












Total 


2,076,525 12,034,230 


707,150 


201,630 


106,622,616 




DISBUBSEMENTS. 

Warrants and checks 


! 




10 

33,572 



136,198 


11.444.680 


Disbursing officers 




12,000 


287,420 


Post-Office Department 




Transfers i 760,923 ; 3,337,666 

Redemption and exchange: 1 ; 

Ooldcoin ' 1,396,470 i 9,363,260 


411,001 

77,600 
53,006 


Standard silver dollars 


2 
6 


I'S^fiS 


Subsidiary silver : 


United States notes : ! 




^a 


Tr«Mury notes of 1890 ' ' 






NationflLJ-hank notes. . r 






17,860 


Qold certificates ! 


250,000 






8,036.860 


Silver certificates 






47^S 


Mlnorcoln 






Q,24B 


Total 








2,147,393 12,962,260 


828,027 


160. 7W 


106,606, 6» 



TBEASUREB. 



208 



Mo. 15. — ^ToTAL Rbcbifts and Disbursements of Each Kind of Monet on All 
Accounts at thb Treasury Offices fob the Fiscal Year 1908. 



aiddoolii. 



Standotrd 



Subsldlory Utiltsd Tiwuniry 
sUvflT. States notes. I noMi. 



iDtern&l reveaiM.,.,..^^^.... 

Mtstf^ianeoua.. --,♦,,,.,«,, 
Disburaing offli^n.. . , ...... 

Po^trOffice DeparOnint. . . . 

T ransfers 

Q<Ad bars. .,..„.„,.,,„.., 

Stwddnrd silver dotlftn.v 

flnbtkliary sUv«r. , .....,.,. 

If tror cola. ... . ..... 

Ooldmrtmcftiei...., 

Bctdciiipllon and ^xchuifei.. 
Sp«<'lal custonis depocll.... . 
Issoea .. 



tii,isoo,ssa 

2CO,G2S 

a, 777. 190 
Sfi;257,B4& 



a 

4S,eoe 

Oi,34fi 

aai.oii 

1,579,674 



2,123,100 
3,857,365 
liS.OlO 
10,640,000 
l»,fia0,253 
l,177,3ft5 



1,075 
ItiB 



113,465 

97 

^,190 

a),02i 

216,534 

9,629, B15 

16 

11 

3 



HA49,fil2 
109,910 

4, 408,050 

6, 690, £03 

190, nfi,961 



f9,461 
144 

$,S43 

§,766 

26,l£a 

1,003, WO 



46,400 

Sj 330,586 

^9, ore 



149,971 
1,967 
1,904 



43.660,767 
119 



BIO 



130,301,359 
123,010,000 



491,578 



ToUl. 



253,514,299 



45,903,366 



64,500,750 



470,817,113 



1,509.300 



DUSTTBflElflKTS. 



Wwraali laid oihflcki . . . w , . . . 

Dbbandjsi oflkiecv. , , .^ . , 

Post-oiAoe D^pAEtromt. . . ... 

Tramten 

Rddeinprion and exdungv; 

Gold coin 

9tiuidAid iUtw doUan.... 

SuhaulUzy flllTV 

Unitod etatei iiotai. 

T?ewt]i7 nom of 1S90. , , . 

Natiotial'hBnk notea ...... 

Gold certlOt-flta.....,..., 

Siiwr rartlfifutea. 

Miliar coin. ♦..,*»,,,,. 

(3lnariu£'hDUK boiancea.^ 

li«d«mptioQ and dntroctlon. • 

Tout ,,,*.►.-.,„ 



27,499,620 

52,793,733 

3,765,179 

28,599,585 

975,997 

2.357, 410 

3,122.947 

l,G64,793 

395 

1,606 

107,945.703 

322,010 

04.248 



10, no 

31,020,9^ 

302 

1,31T 

2,200 

33.720 

500 

6 

t,:^,054 

0,051,230 

4 



0,000 

1,371,346 

3,060 

30,606,716 

156,337 ' 

^,641 

12,770 

3,430,086 

2,042 

3,236,084 

13,829,444 

1,038,730 

l.W 

103 



220,133,025 



40,317,242 



10,100,106 

29,029,411 

4,099.421 

149,740,133 

073,404 

9L,900 

10,419,467 

70.577,056 

39,e04 

41,983,877 

1,015,741 

10,600,577 

1,023,010 

8,764,146 

123,010,000 



080,000 



16,006,000 



53,700,844 470,666,1134 



192,600 



CtBUmifi 
InEerDa) 



F^Mt-OfflOi DeptftDMOit. 



OddlMn...... 

Btsadsrd law doltin.... . , 
mubsldiHiy aU w 

MlQDrcoLD... 

Gold certlOeates 

Eedemption aad «jcc!haiiBa.. 
flpodil cuftoms depoilt. .„. 



WamwTta and chacki^ „ _ 

Dtabilralng ofBcof? 

pgrt-oiBoe Deportment 

Ttaitt&is..... 

Radanptlon and CLXCliaiige: 

QolUoola ..; 

fitandurdiJlTwf dollars.... 

Sahridiarj sOvw 

Unltad B&taa tko/tm 

TnasuTT itotm of 1890. . . . 

Nattonat-bank notes 

Gold wnlflcat*^ 

Silver certlficatea. . ....... 

Minor ifflin. 

deutno-houw b«]{mce9.. 

lEadan]>Uoin and destrtJf^Um . 
Fli* pw cent fund. .. . . , 



National- 



OeSG,633 
8^,150 

a,on,4G2 

e,mo,409 

110,361,063 



500 

3,063,272 

401.630 



1236, 69^, ^M 

3,203,900 

50,722,727 

95,425,287 

33,348,940 

1,190,962.001 

&fi,0S3,000 

2.738.750 

13,762,120 

1,436,486 



286,330,641 



430,530,293 



2,«J7,e05,flll 



ToCil. 



7,754,382 
20,934,043 

1,877.090 
45,318,018 

1,390.470 

198.470 

0,040,426 

ICi3,492 

3 

51,635 

101.000 

515,H10 

090,409 



30,535.167 
250,113,721 



add certm- 



360,949,356 
378, 105, 455 
301,320,000 



198,710.991 

l,12i>.933,S06 

38,312,804 

427,470,920 

130,438,173 
10.807.090 

ii,4a^,wo 

1», 013, 515 

41.310 

30,435,436 

229,112.400 

107. 370 J 95 

1.071^220 

272, 507, 031* 

236,831,000 



tmcatM. 



06,277,616 

78,337 

1,950.092 

5,840,594 

7, OeO, TJO 

371.392,373 



36,161,010 

3,942,122 

401,190 



310,260,901 

0,022 

302,356,000 



1,033,640,092 



10,286,101 

«, 868, 797 

3,735,668 

343,956,718 

303,378 

SS. 491, 746 

23,955,794 

H594,616 

411,315 

47,284,095 

3,141,215 

177,136.347 

3,455,376 

391 

303,783,000 



363,730,115 12,016,036,691 |l, 0190,393,467 



MlDOteobL 



11,379 
4 
7,400 
10,622 
38,563 
696,045 



7,660.804 
100 



8,264,833 



1,360 

104,779 

891 

1,949,700 

63,902 

0,657 

41 

1,046,684 

3,254 

620,292 

2,707,558 

450,810 

Oil 

II 



Total. 



0201,313,624 

4,440,714 

04,910.(530 

116,401,557 

69,131,150 

1,906,900,247 

65,052.076 

31,211,130 

30,733,417 

3,443,453 

10,640,000 

1,337,^,564 

379,386.466 

807,286.000 



6,130,456,007 



254,365,252 

1,383,368,586 

52,413.713 

1,059,4^,383 

139,987. 113 

4a,97SJ31 

53,959, r^ 

137,008,703 

489,092 

123,591.920 

350,777,785 

310,194.299 

7,539,038 

281,271.670 

704,7.^Mfi7 

259,113,721 



7,034^369 5,060,343^170 



204 REPORT ON THE FINANCES. 

9fO. 16* — ^ASSBTS AND LIABILITIES OF THE TrEASUBT OFFICES JUNB 30, 1908. 



ASSETS. 



Gold coin 

Standard silver dollars. . . 

Subsidiary silver coin 

United States notes 

Treasury notes of 1890. . . 

National-bank notes 

Gold certificates 

Silver certificates 

Minor coin 

Fractional currency 

Bonds and interest paid . 



$9,823,066.34 

155,999,714.00 

1,427.873.85 

2,585,338.00 



Total cash assets 236,509, 128. 49 



Transfer account. 



Aggregate 

LIABILITIES. 

Outstanding warrants and 
checks 

DlsbursingofBcers'balanoes. 

Fost-Offlce Department ac- 
count 

Bank-note 5 per cent re- 
demption fund 

Other deposit and redemp- 
tion accounts 



Total agency account. 34,066,006.96 
Balance to credit of mints 

and assay offices 

Balance transfer account. . . . 

Balance general account 250,158,345.05 



Washington. 



62,277,880.00 

513,830.00 

3,778,759.00 

101S767.30 



$10,985,612.82 

3,760,260.00 

490,076.25 

247,556.00 

5.00 

90,360.00 

971,970.00 

238,806.00 

46,736.11 



47,715,225.52 



284,224,354.01 



152,262.22 
4,921,499.28 

2,065,035.18 

22,922.955.48 

4.004,256.80 



Aggregate |284,224,3M.01 



Baltimore. 



New York. 



417.06 



16,821,799.23 



$186,001,173.00 

76,789,040.00 

3,562.205.30 

716,352.00 

7.870.00 

63,160.00 

17,237,170.00 

971,862.00 

484,363.78 

94.00 

17.851.83 



285,851,141.91 



16,821,799.23 285,851.141.91 



I 



355.261.36 
1,063,775.18 

133,612.12 



4,179,842.06 
27,729,074.48 

510,070.96 



17.594.84 2,500,809.21 



Philadelphia. 



$7,903,930.00 

5.306,446.00 

1,111,707.96 

173,166.00 

686.00 

36,426.00 

2,370,840.00 

518,499.00 

304,714.04 



523.00 



Boston. 



$15,000,282.79 

2,145,488.00 

742,485.10 

154,820.00 

1,096.00 

88,071.00 

1,172,260.00 

343,610.00 

163,182.08 



184.40 



17,724,968.78 i 10,702,027.37 



17,724.068.78 ' 10,702,027.37 



432,106.86 378,000.8» 

2,025,110.43 I 2,011,030.87 

661,250.34 361,780.» 



310,302.74 304, 002. 7» 



1,560.243.50 34,919,886.72 : 3.428,779.37 ! 3,066,731.87 



' 5,607,863.47 • 

4,393,212.24 5,474,270.67 271,410.03 8,363,426.28 

10,868.343.49 239.949.121.06 14,024,760.48 8,351,860.2» 



16,821,799.23 285,851,141.91 17.724,968.78 10,762,027.37 



ASSETS. 

Gold coin 

Standard silver dollars 

Subsidiary silver < oin 

United States notes 

Treasury notes of 1890 

National-bank notes 

Gold certificates 

Silver certificates 

Minor coin 

Fractional currency 

Bonds and interest paid — 

Total cash assets | 

Unavailable 



Cincinnati. 



$10, 
2, 
1, 



Chicago. 



953,690.97 $56, 
581,950.00 I 5, 
225,470.00 2, 
121,000.00 



661.000.00 I 
499,000.00 
174,175.00 
131,137.17 



386,807.34 
448,617.00 
876,200.00 
899.435.00 
3.080.00 
26,815.00 
135,710.00 
452,177.00 
202,134.65 



St. Louis. 



: New Orleans. 



San Fran- 



$14,542,209.34 

5,116,067.00 

1,991.550.00 

700,500.00 



1.535,000.00 

4.136.000.00 

734.135.00 

62.974.09 



$8,199, 

9,795, 

1.571, 

142. 

1, 

1,062, 

3.950, 

172, 

56, 



520.46 
402.00 
972.48 
197.00 
956.00 
900.00 
740.00 
433.00 
443.20 



64.80 



1,151.25 . 



644.45 



16, 347, 487. 94 70, 433. 027. 24 
173,000.00 



J 



28.819.139.88 
61.500. 00 



Aggregate 

UABIUTIES. 

Outstanding warrants and 
checks 

Disbursing officers' balances. 

Fost-Omco Department ac- 
count 

Other (Iepa<iit and redemp- 
tion accounts 



.J 16.347.487.94 , 70,606,027.24 , 28.880,639.88 



$6,114,576.17 

27,166,014.00 

1.342, 020.U 

8,124.00 

1,937.00 

6,066.00 

13,040.00 

19,035.00 

37,006.48 

16.40 

727.00 



24,953.573.14 84,703,411.10 
701,851.34 



25,655,424.48 34,703.411.16 



428,536.00 ' 
743,837.26 

65,177.59 ' 

82.018.47 



1,664.470.17 
7,612.325.61 



1,894.894.21 
789,458.97 



609,362.35 ' 
1.628,726.93 ^ 

521.954.35 i 

96.993.12 ' 



320,054.54 
041,797.72 



1,713,631.61 
4,770,808.84 



265,184.74 ; 300,403.20 
44,062.14 45,033.06 



Total a^nncy account. 
Balance to credit of mints 

and assay offices 

Balance trhnsfcr account — 
Balance general account 

Aggregate 



1.320,160.32,11.961,148.96 2,917,036.75; 1,571,069.14 | 6,847,877.21 



5.002.576.56 j 3.912.251.18 
9.9:M.742.06 51,732.027.10 



23.50fi.ll 5.118.358.35 

10.409.999.20 3.916.520.65 5.831.548.75 
15.470.0a'>.76 20.167.814.60 10.906.026.85 



16.317.487.91 70.000,027.24 . 2S.SS0.tt39.SS 25.655.424.48 34.703,411.16 



TREASURER. 



205 



nom 17* — ^assbts of thb treasury in the custodt of mints and assat offices 

June 30, 1908. 





Boise City 


Carson City. 


Cbarlotte. 


Dahlonega. 


Deadwood. 


BULUON FUND. 
<}oldooin 




$21,426.01 
1.^S.293.(M 




! 


Gold bullion. 


139,126.52 






$52, 14a 74 


Standard silver dollars 








Subsidiary silver coin 




796.67 
1,275.64 




1.. . 


Silver boflion 






i 


United States notes 


12,727.00 









OoTd certificates . 


:::..: ;;:::::.;:;::::: 


1 


Minor coin 


.05 
14,783.90 






Balance in subtreasuries and 
national banVs 




$34,676.97 




45,265.12 










Total available 


66,637.47 ' 158.791.40 


34,676.97 
32,000.00 




97,405.86 


Unavailable 




75,549.76 


$27,960.03 








AnrMa^ 


66,637.47 


234,341.16 


66,676.97 


27,960.03 


97,405.86 






• 


Denver. 


Helena. 


New York. 


SeatUe. 


St. Ix>uiA. 


BULUOir FUND. 

Ooldcoln. 


$66,690,145.00 




$31,6(3.08 
9,132,410.55 


1 


GoMboUion 


6,803,546.91 


$86,519.98 


$2,933,980.49 $35,737.39 


Standard silver dollars 




Subridiary silver coin 


3,044.573.85 
623,229.67 






" 


Sil ver boiiion 




180,402.30 
2,107.00 




8.20 


United States notes 






Odd certificates 


25,490.00 
897.52 

273.06 






Minor coin ... 




10 
3,961,499.77 


1 


Balance in subtreasuries and 
national banks 


87,622.42 


6,4C0,137.69 1 23,508.11 


Total available 


66,068,156.00 


173,042.40 


13,308,062.80 


9,394,124.18 | 69,253.70 


Unavailablif 






! 




Aggrf^tA^ 


66,068,166.00 


173.042.40 


13,306,062.80 


9,394,124.18 | 69,263.70 










— r 

PbUaddphia. 


San Frandsoo! 


New Orleans. 


Total. 


•ULUON FUND. 

Ooldcoln 




1300,068,425.50 
16,689,351.80 


$237,281,076.00 

45,967,043.58 

61,401,432.00 

712,85a 32 

932,564.31 


$1,499,946.21 
2,070,007. 11 

29,581,825.00 
2,691.175.00 


$595,012,680.80 


Gold bullion 




82,9C4,164. 15 


Standard sDver dollars 


106,850,900.00 

486,642.60 

3,819,387.83 


197,834,157.00 


Sabiidiarv all wr coin 


f\.«U\.caR XA 


BOvw bullion 


639,379.15 6!ogA!247Tn 


United States notes 


3,394.00 


18,228.00 




277,8ia00 
12 




303.300 00 


Minor coin 




.90 


89K.G9 


Ifalann^ in subtnastirim and 


national 


268,368.36 


10,886,024.38 


bankn 






Total available 


428,212,517.76 

13,543.82 

77.93 


346,673,323.66 
413,657.96 


36,385,727.37 < 900.651.738. 4A 


Unavailable 




662,601.56 
77.98 


tiOm <m ffiooiraieft 










1 


Aggrt>gstA bnlUon fund. 


428,226,139.50 

225,000.00 

414.00 

l,6n, 987.87 


34C 


,966,881.62 ' 36.385.727.37 ! 901.114. 41 7. OK 


MmOB CUIN AND METAL FUND. 

Odd csrtiflcatfls 






225,ooaoo 








414 00 






1 


1,571,967.87 








1 


Anncate asaets 


430.023.541.37 


346 


,966,881.62 | 36.28S.727. 37 1 002.911.810 R9 



















206 



BEPOBT ON THE FINANCES. 



No* 19. — General Distbibution of the Assets and Liabilitibs of ihb^ 
Tbbasubt June 30, 1908. 



TteaBury 



Hints acid 



NatiODal bank 

and other 
deposltailes. 



In trvaril. 



TotaL 



Odd coin.., -...^26,011, 

Gold buUlOQ ,., 

Standard sliver doU^Tft. . , . . .[ 334,1106, 
StJbsicjiiiTV &llvercoUi,,.,*.. J 16,3^1. 

Sliver bumon..... .„ 

United Stat()6 aotes ...,.....! 6, 743, 

Treasury ti»tC3 of l«90....... 17, 

NatioDal-tiiiDk □qLcs. ........ i 6&, 796, 

Gold «?Ttlftctttcs ._...,. 35,000, 



S37. 23 t5Q&, «12, fiSa SO 

8a,Q04,l(H,U 

197, S;^, 157. 00 

fi,jej6,oas.34 

0.01^,247.10 
lS,2Se.0O 



t4«ii,oooL(n 



09&OQ 
561.09 



ia5& 



Sliver ecrtlllcatcs .,..,..* 

AilDOr coin. ^ ^ ,.,..., . 

Fraetloaal {![HTen£y , 

Deposits [11 niitldnji.1 bonLk^ . . 
Bonds an d Intero^t paid . , , - < 

Total avalbblQ assets. , 

Unavailable. ....... 

UnpuiU luss otj ret-aiimee.-... 
BaEnec In subtreasuriea and 

national bmika 

Trajaafer nccount. , , . . . 



7,404 



496^00' 
470, 00 1 , 
2(57, 00 . 
550. 0[^ 
4oaoo 

141. :i4 



414.00 
l,572|8Sa.fid 



ij £22, em 00 

1,0001 00 

S8i,07aoo 

4,41S,40aOO 

i,eea,4Si.oo 



1152,328,06^86 



ii,e&e^33 



?: 

66, 
3»p 



904,tM.l£ 
fi31,lfi&00 
177,617. «& 
0M.247. 10 
2S4,fllH.0O 

18,470,00 
686,237. OO 
^7,i5a€0 
071, 2916. 00 
104,301^.30 
HL34 
32S,0fl£.fi8 

33,220,91 



Aggregate. 



Outstanding warrants and 
chH^ks..... 

BisbursUijfoHicers balances., 

Fost-Ofnce Departmetit ao- 
couni..... ..,.,.,......., 

Bank-note &per cent redemp- 
tion aocount. ......... 

Otiier (i(^iMiciU and redemp- 
tion aL-^count^ ......... 

Total o^nev accouot. 
Balance to creditor mint* 

and a^ay oLTices 

Balance uf cmni^tcr acooun t. . 
Balance getietal account 

Aggregate............. 



7ra,]m 

900, 



47,7l&,225.fi2 



705.14 391,463,115.65 
35L34i 5^,601.60 

77.93 

10,S86,C^4.3S 



318,4S3,U 



t,909,49a7B 
3S2.80 



1,814, 
1* 



«ae,383.73 
717,79ia;2fi 
77. to 



Ifi^ 890,00438 
47,71&,2S&£3 



8001, 677, 2S2. 00 9G3,911,S19.S2 



162,646,5291 41 



8,009,878.58 



1,874, 946^ 50a. 81 



10,293,626.95. 
53,447,004.001 

6, 788, 372. Oa. 

22,922,955. 4S. 

S, 196, 112. 74 1 . 



1,902,703.63 
12,485,673,71 

U,267.28 



101,64fi,97l.80 

10^649, 729. 93. 

47,716,235.53 

640, 54ja, 354 75 902, 91 1, S19. 82 



14,399,734.02 1,150,459.58 
236,29i4£ 



1,150,459.58 



12,19S,42afi» 
65,933, 578. 31 

6,799,fiagL3i 

22,922,9^ 4» 
9,346,572.32 



tl7, 199,166. 00 



10,886, 0EZ43a 
47,716,235,53 
147^910, 50a 34 7,759,419^00^1,699,145,003.91 



800,577,282.00, 902,911,819.82^ 102,540,629,41 8,900,8^-581, 874, M5,5«i SI 



No* 19. — Distbibution of the Genebal Tbeasuby Balance June 30, 1908. 



LocatlOD. 



Waahln^D 

Baltimore., V. ..» 

New York 

Ftillaiielphia 

Boston 

CindnnatJ..... .*,..„... ., 

Chicai^ ... 

St. Louis, * . , 

Now OrlfAns , 

San Francisco-,.* *., 

Mintt and afiay oSLoet 

National b«iJts, , * .. 

Tmaxury qf Philippine I&lHnds. . 
United States dopoiJtariea (old). 
tntrauaJt....... 



ToJal TtiPBsmiert txwli. 
On deposit wltb State* 



Total Traaiury halaaoe. 



Treasurer's gen 
eralaooount 



f!250<l58, 

10,808, 

239,94^, 

14,024, 

8.351, 

9,934. 

54,732, 

15.470 

30. 167, 

i 0.905. 

gQ2,9lI. 

148,703. 

1796. 

3. 

7,759. 



345.06 
343,49 
12L05 

81J9.22 
742.06 
627.10 
095.70 
814.69 
fia&85 
819. 82 
303 58 
505.41 
702.^7 
419.00 



1,699,145,093.91 



Hoc^fpts not 
oovefed by 
warmnts. 



1116.102. 54 
73,729.87 

3,216.683.34 
26t,&4a95 
09,058.45 
73&S1 
34,041.50 
12.193.93 ' 
12J03.9« f 
»2,808,30 



BfJAriep as stiows 



300,030.22 
119,459.72 



4,299,403.61 



1250,042, 242. SI 

10,794,613.61 

236,732.437. n 

l3,TeZ.f20ifit 

S,383.S10L7T 

9^934,0Q&^ 

64,608. ASfi.«0 

15,457,901.© 

20J55,7ia71 

16.822,768. 65 

902,9n.m9i82 

148,403,607,36 

< 9] 5, 965. 13 

3.71Q8L17 

7,759.419.00 



1,694.845, A3a» 
28,101,644.91 



l,732,94T,27&ai 



a Overdrawn. 



TBEASUBBB. 



207 



NOm do. — ^AVAILA-BLB ASSBTS AND NbT lilABILITIBS OF THB TREASURY AT THB 

Closb of Junb, 1907 and 1908. 



CMd-Com.... 
Bullkm. 



1707,070,890.75 
'^137,620,830.39 



SUvct^DoUan...' 

Subsidiary coin. 
Ballioa 



Pq^— United States notes. . . . 
Treasurv notes of 1890. . 
National-bank notes. . . 

Gold oertiflcates 

Silver certifloates 



OtlMr-Minor coin 

Frsotional ourreney 

Deposits in national banks, etc . 
Bonds and interest paid 



Aggregate , 

UABIUTIES. 

AfSDoy account: 

Outstanding warrants and checks. , 

Disbursing officers' balances 

PostOffloe Department account. . . 
Bank note 5 per cent redemption 

fund 

Other deposit and redemption ac- 
counts 



June 30, 1007. 



486,539,538.00 
8,674,816.60 
4,040,074.50 



4,410,961.00 

12,465.00 

14,546,565.38 

78,352,570.00 

5,565,775.00 



1,642,937.70 

57.08 

181,725,541.06 

60,382.97 



a«Dflrai account: 

Odd certificates 

SUver certificates 

Treasury notes of 1890., 

Reserve fund 

Balance 



Aggregate. 



6,902,534.53 
57,756,902.72 
10,937,399.18 

22,387,514.63 

10,027,749.01 



678,424,860.00 
475,777,000.00 
5,988,000.00 
150,000,000.00 
272,061,445.47 



1904,601,730.14 
499,264,420.19 

102,888,836.38 
183,428,918.83 



1021,924,518.03 
■^82,964,164.15 



1,690,263,414.54 



106,012,100.07 



1,582,251,814.47 



1,690,263,414.54 



June 30, 1006. 



401,931,155.00 
23,177,617.08 
6,096,247.10 



7,284,604.00 

18,470.00 

66,685,237.00 

39,947,250.00 

9,071,205.00 



3,164,306.36 

141.34 

162,328,065.86 

33,220.91 



$1,004,888,682. IB 
521,205,020.06 

123,006,046.00 
165,525,734.47 



12,196,420.58 

65,033,578.31 

6,709,639.31 

22,922,955.48 

9,346,572.32 



822,923,869.00 
474,350,000.00 
4,962,000.00 
150,000,000.00 
245,171,347.73 



1,814,626,882.73 



117,100,166.00 



1,697,^7,216.73 



1,814,626,382.73 



Bio. 91* — ^Assets and Liabilities of the Treasury in Excess of Certifioatbs 
AND Treasury Notes at the Close of June, 1907 and 1908. 



ASSETS. 

Oold coin and bullion 

Silver doUais and bullion 

Subsidiary sUver 

United States notes 

Treasury notes of 1800 

Natkntf-bank notes 

Minor coin 

Fractional currency 

Deposits in national banks, etc 

Bonds and interest paid 

Total 

UABIUTIES. 

AgHioy account. 

Bssenra ftmd 

Available cash iMlance 

Total 



June 30, 1907. 



1304,610, 
14,380, 
8,674, 

MJO 

14,546, 
1,642, 

181,725, 
60, 



431.14 
387.50 
816.60 
961.00 
465,00 
565,38 
037.70 
57.08 
541.08 
382.07 



530,073,545.54 



June 30, 1906. 



$221,912,063.18 

27,766,697.10 

23,177,617.96 

7,284,604.00 

18,470.00 

66,685,237.00 

3,164,306.36 

141.34 

162,328,065.86 

33,220.91 



512,370,513.73 



108,012,100.07 I 
150.000,000.00 • 
272,061,445.47 



117,199,166.00 
150,000,000.00 
245,171,347.73 



530,073,545.54 | 512,370,513.73 



208 BEPOBT ON THE FINANCES. 

No. 99. — ^Unavailable Funds op the General Tbeasubt and Post-Otficb 
Depabtment June 30, 1908. 

OKNEBAL TBEABUBT. 

On deposit with the following States under the act of June 23, 1836: 

Maine 1055,838.25 

New Hampshire 660,086.79 

Vermont 660.086.70 

Massachusetts 1,338,173.58 

Connecticut 764,670.60 

Rhode Island 382,335.30 

New York 4,014,520.71 

Pennsylvania 2,867,514.78 

New Jersey 764,670.60 

Ohio 2,007,260.34 

Indiana 860.264.44 

Illinois 477,919.14 

Michigan 286,751.49 

Delaware 286.751.49 

Maryland 965,838.25 

Virginia 2,198,427.99 

North Carolina 1,433,757.89 

South Carolina 1.061.422.09 

Georgia 1,051.422.09 

Alabama 669.086.79 

Louisiana 477,919.14 

Mississippi 382.33.'>.30 

Tennessee 1.433,757.30 

Kentucky 1,433.757.39 

Missouri 382,33.5.30 

Arkansas 286.751.49 

Total on deposit with the States 828,101,644.91 

Deficits and defaloations. 

Subtreasuries: 

Defalcation, subtreasury United States, New Orleans, 1867, 

MayandWhltaker 1675,325.22 

Defalcation, subtreasury United States, New Orleans, 1867. 

May property 5, 566. 31 

Deficit, subtreasury United States, New Orleans, 1885 20, 959. 81 

Deficit subtreasury United States, New Orleans. 1886 328.80 

Deficit, suotreasury United States, St. Louis, 1<K)6 61.500 00 

Deficit, subtreasury United States, Chicago, 1907 173. 000. 00 

036,680.14 

Mints and assay offices: 

Deficits and defalcations, mint United States, San Fran- 
cisco, ia">7 to 1800 413,557.96 

Defalcation, mint United States. Dahlonega, 1861 27, 950. 03 

Defalcation, mint United States. Charlotte, 1861 32.000.00 

Deficit, mint United States, Carson City 75,549.75 

Deficit, mint United States, Philadelphia 13,543.82 

Deficit, mint United States, New Orleans, 1886 54. 00 

562,655.56 

National-bank depositaries: 

Failure, Venanffo National Bank of Franklin, Fa 181. 377. 51 

Failure, First National Bank of Selma, Ala 33.383.87 

214, 761. 38 

Dei>osltaTlGs United States: 

Defalcation, depositary United States, Qalvcston, 1861 778.66 

Defalcation, depositary United States. Baltimore. 1866 647. 50 

Defalcation, depositary United States, Pittsburg. 1867 2, 126. 11 

Deficit, depositary United States, Santa Fe, 1866. short in 
remittance 249.90 

3.702.17 

Total deficits and defalcations 1.717. 790. 3S 

Total general Treasury 29,8I9» 444.10 

Post-Offlce Department: 

Defalcation, subtreasury United States, New Orleans. 1861 31, 164. 44 

Defalcation, depository United States, Savannah. IWl 205.76 

Defalcation, depositary United States. Galveston. 1861 8."^. 36 

Defalcation, depositary United States, Little Rock, 1861 5.823.50 

37.277.09 

Aggregate 29,8S6w721.tt 



TBEASUBEB. 



209 



No. ^3,— EsTiuATBD Stock of Qold Coin and Buluon, thb Amount in thb 

TllKAaURY AKD thb AmOUNT IN ClBClTIATION AT THB EnD OF BACH MoNTH, 

FBOM January 1902. 



UoatH. 



QoUl eotn. 



OoL4 buUioQ. 



ToiaL 



Esumated itock. 
IntheTieanory*- 

February ; 

Id ihij Treasury, - 
In cimutatlou. .., 
Man;h: 

In the Treasury-, 

In cln^ulaUoQ^ *^- 
Apnt: 

Bitimatod stock. 

In th& Treasury . . 

In clroulaUon. ,,, 
Mfty: 

Eitlmated stock. 

In the Treasury.. 

InclrculaUDii.... 
June: 

KBtimat^ stock. 

In t)w Treasury.. 

In ctreui&tlon .... 

Est^iaatfid stock. 
In tlK? Treaftury,. 

In clreulatLon 

Augu«tt 

KBttmat<?<l stock. 
In tlie Trftiiiury, . 
In circulation..., 

KsUmattMl stock. 

In tlie Tr^sury . . 

IncliTUlaUon,.., 
October; 

Estimated stock. 

In Um Treasury^, 

In circulation..... 
N<Jvi»mbor: 

KsthnatiH! Btoclc, 

] n Vw Treasury ^ . 

In t'iri'UlAtiot*...., 
December ;^ 

EstimalCHi aioeJc. 

In Iht! Treasury . . 

In clrenlatioti.,... 
lOOS— JsAuarr: 

EAtimAtfd stoi'Ic.. 

In IbB Tn^Asury.. 

In circulation,,,.. 
February: 

EfitUnAtea stoi^.. 

In the Trsasury.. 

In circulation**,., 
March: 

In the Treasury. . 

iQCiTCiilAtlon*..,. 
April: 

Bstlraated stock.. 

In t\m Treasury., 

InciTL'ulfttion,.,., 
Ihy: 

Estimated stock.. 

In tbe Treasury . . 

In clreiii*tion 

Jiue: 

Estlumted stork.. 

In the Tmasury, . 

Incinmlation..... 

E«tlmAtedfft<Krk.. 
In the TreaAury,. 
Inetretilatlon..... 
August: 

Estimated stork . 
In tbc Tn*ft!inry^, 
I n clreulalion .... 



58716— Fi 1908- 



l,003p3SB,70a 
4B,ia3p9«2 
6a5piy4,761 

1,067, OfiBilBft 

e37|43%im 

1,067, 002, 20a 
435pUOp6«l 
031,891,627 

1,068,311,7^4 

' 435, (117, ^»5 

6a:£,3H3^ 

I,067p034p7«5 
435,g7»,352 
631,1^>433 

I,074p838p670 

63:2,20(»pUS 

l,0e0pUOp347 
455,3fi2p287 

e34,73s,oeo 

1, 062,156, 75V 
4&7,7K*,106 
624,37^,045 

l,083p674,g»4 
452,2&3,926 
a3l,410,fi6S 

!,O87.S0r7,422 
45apl%p7W 
62»,fl^p632 

1,006, UIU623 
4^.077, 70ft 

62&,crA^iA 

1,102,028.043 
47«p 766,287 
625,362,&&5 

l,l07,34e,2S6 
4g5,343,J»8 
622, 002, ^BB 

1,107, 120* n4 
4a3,fi8B,354 
623,132,400 

1,101,706,^66 
477.7S4,9n 
623,9^,009 

1,092,641J85 
474,780,446 
617,260,730 

1,305,300,467 
474,420,677 
620,870,790 

1, 004,^^799 
473,€f3e,fi5D 
6^,375,^0 



1124, 1^,S^ 
134, 133,890 



114, 3^7,642 
114,387,642 



115,182,087 
11A,1S2,0S7 



116,586,^8 
U6,5^,a3S 



117,586,681 
U 7, 586,681 



124,282,805 
124^ 282,^)15 



126,^0,672 
126,890,672 



128,673,081 



135,134,538 
135,124,638 



148,516,031 
14^,516,021 



158,e,'^,872 
158, §55,872 



iA»,oeo,2&3 

159, €69, ^3 



157,740,852 
157,740,^52 



156,017,530 
156,017,6^ 



154,396,^15 
154,306,915 



160,182,865 
160,182,865 



159,678^ 138 
150,678,138 



156,640,343 
156,640,343 



160.448,001 
160,448,601 



17^388,240 
173,388,240 



tl, 181,270,067 
iM, 545, 240 
634,733,847 

1,1^,031,493 
544,576,008 
633,454,585 

1,178,540,790 
543,346,020 
635, 104, 761 

i,lS3,652p727 
^46,219, nfi 
637p432,053 

1,184,688,^880 
552,607,263 
631,891,627 

t,l02,5H589 
560,200,300 
632,394,280 

l,lQ3,i;>25.457 
562,760.034 
631, 156, 433 

1,203,511,751 
571,302,633 
633,200,118 

l,215,23i885 
500,506,825 
634,738,060 

1,^0,673,771 
606,290,127 
634,373,645 

1,342,330,766 
610,010.798 
631,410,068 

1,245,876,715 
617,196,083 
620,680,632 

1,252,842,475 
623, 818,560 
629,023,015 

1, 3-^,046, 481 
632,783,836 
625,262,655 

1,361,743,201 
639.740,803 
1^,002,308 

1,267.303,570 
6+4, 17U 110 
623,132,460 

1,261,445,124 
637,46J,115 
623,082,000 

1,248,681,528 
03i,43&,780 
617,260,730 

1.255.740,068 
6;H,!^Vj,?78 
620.879,700 

1,267,733.040 
647,.l'i7,700 
620,375, 15i 



-14 



210 



REPORT ON THE FINANCES. 



No. 23.— Estimated Stock of Gold Coin and Bullion, the Amount in thb 
Treasury, and the Amount in Circulation at the End op bach Month, tbom 
January, 1902—Ooiitiiiiied. 



Miuilb. 



Gold corn- 



Gold boLHoQ^ 



TotftL 



19Q3— Septembeir: 

Estknatoii atock, ,, , « , . , ,., , ,^. 

In the TrsftBury, „. 

InciicuIatioQ...^,,,^.,...,,,,^ 

EatLmated stock ,,, ,,,,,,.- 

In Ibo Treaflniry....---. .....,*..* 

In drctildtioD . . ,.,,,,,,,, . ,,, , ,,^. . -, 

Hitlmated etock*..... ..*«..,. 

In tho Treftaujy ,.. ,..*.. 

In circulation ♦ ^. ,**..,**,,,**»,. ^*- ,-, 

December: 

Efltincmted atock .- - 

In the* Tnjftaury-,, ,,_,,,.,_,. ^-.*--. - 

]iielftulAtJon„„,,* ^*****^^,,,, 

IflOi— January; 

Estinmtert stock... ....*.*.,»<,** 

In the Treaaiiry.,., ^,, .,...,. ^.^... - 
Inciroui^tioD..,, ....*.*...-*.. 

February: 

Estimated atoek. 

In the TiBftiuiy,.. >,,.,„,,„ ?, 

In ctreulatJoa ...... , . . ...... . 

Haich: 

eatlJiiAtftd Htock..., _ .., 

In tba TifiAsUiy, , , , ,,, 

lit otrouEatloa. ,..^ 

April: 

Eitlin&t«d atock 

In the Tr^wiiry, ., .., . , 

In circulation 

Estimated atock , 

In tte Tmaaury,..-. .....*..- 

In cticulattoQ „,, ^ ,.,.. ^ ....,-. ,. 

June: 

Estimated atock, ,,,....„..,„.., ,,, 

In the Trtifl^ury...,^,.,.^. _.,_...... 

in circulation , ,,,,. 

JtHy: 

Estimated stock. ,h, , ^ „ ^ . ...,,.,, 

In the Treasury.. „,.,...,, ...., 

In clmulation .*,,...-..»...».,,,,»„, 

Auguatj: 

Estimated stook .^ 

in tho Treaaury,,,,,,,,., „,„. 

In ci niulation. . .... , . . _ , 

September; 

Estlmxited atock.. , .„..-, , , 

In the Trsnauiy,,.,,, , 

In circulation 

October: 

Eatlmatod atock, ,, » ,,...,,...., 

In the Treasury..* .,,.., 

In circulation,, ..,,,,«,,.,, ,,,,....-, 

November: 

Estimated atock. ...... .*.-,..i,,..,. 

In the Treasury.,^ ,.„„_.,.,, 

Inclnculatloo..... *.......- 

December: 

Bitlmftt&dttook*..., 

In the Treft»mx ,,,,„_„„ 

In clrculatEoD... -.,.,...- 

Estimated atock,,,, „,.,.,, „,....., 

In tbfl Tmaaury....... 

In clxvuljitlon ,,.,.,,,,,,,.,,„,,,.... 
February: 

Estimated atock. .,... , , 

In tho Traaaury,,,., , ,.. 

In clTCalaUoo, -. 

Ee^tlmatcd atock,.,,,.,.,*,. „,...-». 

in the Tmaaury.- ---.---- ...>. 

InDlrcuhitlan ..,,..,,,,,,,....,« 

April: 

E«t1mflt*Hi atock. . ,, . * * *,..,, 

IntbeTneAanix 

In diDulaUoii 



|],0M, 516,071 
471,990,037 

i.oga, 220,300 

468, 4^7. €03 
621,763,297 

l,()9g, 437,060 
472,411,fi6S 
627,026,093 

1,109,204,76ft 
481,2^4,233 
627,970,63a 

l,lU,4dd,S83 
«@,6gi,Q2S 
^7,905,!^ 

], 146,914. 400 
5Og,0O4,600 
63B,90g,no 

l,207,92tS,340 
657,001,639 
660,924,710 

Ij 239, 600,256 
6£3,50a,S3& 
656,160,419 

1,270, 166, DSl 
ffii5,a7l,433 
644,S94,64§ 

1,2S5, 030,291 
630.262,715 
645,817,-576 

],2g4,74S,24T 
646, 636,267 
644,112,980 

l,2S1,2l2,fl26 
^4,647,213 
646,064,812 

1,284,564,136 
642,709,26;3 
64I,S44,S63 

1,314,633,906 
672,790,813 
641,793,093 

1,306,440,609 
667,940,060 
647,600,649 

1,29^7,139,909 
64T,6ttl,471 
6«,64S,62S 

1,294,196,377 
044.66r,S76 
649, £37. 502 

1,380,600,046 
640,948.336 
e4fiJ61,729 

1,291.997,470 
647.270,921 
644,736,646 

l,2ga, 171, 106 
647,747,S9« 
04l,fi3,21i 



11^2, 846, em 

I£},845,680 



192, on, 603 
192,071,603 



198,670,676 
196,670,676 



306,417,768 
206,417,75& 



215,344,673 
216,344,672 



190,443,317 
190,40,317 



140,g77.621 
140,877,621 



112,324,azi 
113,324,321 



«, 964, 887 
C964,8S7 



«, 676, 107 
42,676,107 



07,674,493 
67,674,493 



6ft, 684, 640 



66,901,843 
66, SO], 843 



48,463,176 
48,463,176 



4fi, 976,024 
46,976,034 



48,812,630 
48,812,536 



17.011,0^ 
€7,011,076 



44,666,674 

HU6,674 



46,j77.tr76 
40,377,070 



61,736.058 
61,730^060 



11,277,3(^,651 
664, «U, 717 
622,660,934 

1,282, 291, 90t 
660,638,60ft 
621,763,297 

1,298,107,7% 
671,082,641 
627,026,093 

1,314,022,631 
686,661,901 

627,970,631 

1,320,841,656 
698,936,700 
627,906tS6S 

1,337,367,717 
698,448,007 
633,909,710 

1,348, 809, «70 
097,879,300 
060, SH 710 

1,361.964,677 
695,826, 16( 
666, 159, UB 

1,313, 130,86ft 
668,226,330 
644,^M,54» 

1,327,056, aw 
681,838,8^ 

045,617,«7» 

1,312, 422, 7«> 
098,309,760 
644,112,9(0 

1,349. 890, 66fr 
703«231,76» 
646,064,813 

1,361, 4fiS^06S 
700,011, 10ft 

041,844,00ft 

1,363,047,081 
731,253,9^ 
e41,793,O0» 

1,351,416,632 

703,916, 0S4 
647,600, 6« 

1,346. wi,a» 
0M,404,00r 

049,648,00 

1,341,300,403 
09l,€7S,fl» 

649,627,502 

1,331,166,730 
086,414,000 
645,761,730 

l,»S, 274,610 
001,640,000 
044,730,64ft 

i,ia.897,iio 

099,473,04ft 
044,430,311 



TBEASUBEB. 



211 



IVCK 93«— ESTIMATBD StOGK OF GOLD CoiN AlfD BULUON, THB AMOUNT IN THB 

Treasury^ ajjd trg Amouktin Cihcui^tion atthb End of bach month, from 
Januaet, lft02^Ccntmu©ci* 



MqntlL 



OoiUlcoLn, 



OoM bulilon. 



ToUL 



Bitfnutodfltoclc.. 

IntfaeTrefttuJT--- 

Ji} ofrcutatioa . 

Jtme: 

Estimated stock , , 
Id the Treasury.*. 
In circulation 

EstiniAtcd fltoclt. . 

IctheTrpasury.,. 

In circulation . . , , . 
Aug^t: 

Estiniflt^fttocle-. 

iDthcTreaBuiy,.. 

In circulation..*., 
fi«ptem1lH!r: 

Efitimiiled stock,. 

In tlic Tirisury , _ . 

Inclnculatlon****. 
October: 

Ksti mated stoc)£.. 

InclrcuiAtton..... 

Etftlmatet! stock ^ , 
In tl» Trcftstiry, . . 

Inctii^aJatfon 

EtUmat^ stock.. 

In Iba Tretuury^ . , 

Indrculatloa...., 
1909-4aiiuaiy: 

E«tlmAted itock.. 

In tliB Tntaaury. . . 

IncfimiLiition..*.. 
Fabnurr: 

Estimated «twk.. 

In tha Treanuy . . . 

la clumkllon ..... 
jan}i- 

KalUnatftinoek.. 

LdtbeTrsaaury... 

InclixmJatlon..... 
April: 

EfltUiuteditoqk.. 

tntbeTrauufy... 

IndnmtatlQn..... 

Eallmated stock., 
IntbeTroaaury-'H 

laoEn^tiJatlon..... 

EAtiuuitedttoek.. 
In Vtw TraftiiuT- - ^ 

tncLroulatton...., 
JiOy: 

Srtmutoditoek.. 

IfttlieT^BWinT.,, 

BiolrcalAUon..... 
Aoguat: 

Estimated itook.. 

In tlie Ttciuury , . . 

Ineircuiatson.. .- 
fi^ptember: 

Eat i mated slock,. 

In the Treasury... 

tn circulation, .... 
October: 

EattmAti.>d stock,. 

Iti ttit* Trpiv*ary._. 

In circulation. .... 
HfirvMnbei: 

BatfmAtMatock,. 

In the Treaaury,.. 

in dmotatlon 

DocK^Diber: 

Eittmated stock. . 

In tiw Twasm^.*. 

Id dfc Illation -*... 



•1^296, a«, 200 
645,670,182 
6fiO|&7Q,10S 

1,305, &eO, 167 
664,%W,fi6S 
6fil,atk%5e0 

1,307,301, S3S 

l,31S,S43;7tlO 
66a,239,iei 

653,003, £48 

1, SI 1507,078 

eG3,t7a,94a 

6fia,3^,13£ 

1,313. 635^993 

661,990,085 
651,641,098 

1,315,607,291 
666,566,001 
649,040,390 

1,318,005,964 
664,827,030 
6H]6a,0S£S 

1,325^016,490 
6701,222, 703 

654,793^607 

1,322,876,970 
674,020,918 
64% 856^052 

l,32e^ 831,405 
6S2, 838^188 

643,903,307 

1,343,812,911 
e70,388,fi07 
672,524,404 

1,309,656,308 
68^,229,424 
683,^^,878 

1,%8, 612,051 
eOfl, 056,976 
668,656,075 

700,824,800 
675^079,661 

1,383,061,942 
707,782,428 
670,170,514 

1,410,500,014 
726,238,849 
68^268,074 

1,421,400,284 

733,713,«23 
087,686,761 

1,429,000,743 
743,035,321 
086,974,422 

1,431,14*1,581 
738.623,017 
602,633,564 



»5^ 413,738 
56^413,738 



51,605,831 
51,095,831 



61,065^506 
61,065,505 



G3,561,e06 
63,561,005 



72,750,850 
72,750,S60 



01.050,533 
91,050,533 



96. 170, 169 
96,170,150 



100,947,160 
100,947,160 



98,203,723 
08,2[^723 



94,130^460 
94,130,460 



01,070,715 
91,370, 7U 



00,637,650 
00,637,660 



07,265,072 I 
07,206,072: 



107,004,714; 
107,004,714 I 



118,e01,0(>4l 
1181, 801, m>4 



123,641,907 I 
123,541, W»7 ; 



l!»,333,864l 
120,333,8ri4 » 



145,218,847 
145,218,847 : 



147,880,100 ■ 
147,880,160 { 



165,871,804 
165^871,804 1 



11,352, 0G3, 028 
701,083,020 
650,079,100 

1,357, 665, i)88 
706,502,399 
651,063,660 

1,368,127,343 
717,810,763 
660,616,580 

1,370,804,314 
726,800,766 
653,003,548 

1,387,367,928 
734,927,793 
652,330,135 

1,404,086,516 
763, 041, £18 
651,644,098 

1,411,777,450 
762,737,000 
649,040,300 

1,410,943,124 
765,775,009 
654, 168,026 

1,4^220,213 
76a> 426,510 
654,703,607 

1,417,007,430 
768,151,387 
648^866,063 

1,418,202,210 
774^308,003 
643,903,307 

1,433,450,670 
760,021}, 166 
672,524,404 

1,406,021,374 
783.49i496 
683,426,878 

1,475,706,765 
807,051,600 
068,665^075 

1,495,606,494 
819,626,833 
676,070,661 

1,507,503,840 
831,324,335 
670,179,514 

1,630,840,778 
865,672,704 
684,208,074 

1,666,610,181 
878,03^,370 
687,666,701 

1,576,898,012 
800,924,490 
686,074,422 

1,587,018,386 
894.394,821 
002,623,564 



212 



BEPOBT ON THE FINANCES. 



No. 33^— EsTtHATEB Stock of Gold Coin and Bullion, thb Amount in thb 
Treasury, and the Amount in Circulation at thb End of each Month, from 

Jaijuart. 1902 — Continued. 



MaDtb. 



Goldcoto. 



G{)ld buUtcm. 



ToUL 



1007— January: 

Eatlmfitcd atoclr ^ , . 
In the Tiieaflurf,*. 
Inclnculfttion,.,,,, 
Februnrj: 

Eattmat&d stocJc... 
In the TrpHaiiiy.,. 
In cIrouJat Jon *.„,*, 

Estimated stocic, , . 

in the Troasujy, .. 

IncirctiJdtioti...... 

Apni: 

EfitlniAtsd stock.., 

1^ the Tmasurj... 

In cinmiatioti 

Mar: 

EHtlmntfld stoclc^,, 

In the TreMury--- 

In oirpuldtlon. ^ _ . h 
Jane! 

Eatlnuitfld stoclt^^. 

In tho Trcfisury... 

iDclrcuJiiitioa...... 

July: 

Eatlnmted fltneX.^. 

In tho Treasuiy,,, 

lodroulatloj]. 

Angust: 

Estimiitjed stoclt... 

In the Treaspiy.. . 

In circulation .. 

Eetlmiit^d Btnck*,, 
In ih<* TniTwuiT--- 
In dnjiilatton*^.^*, 
Octoher: 

Estlmatfid stoek,„. 

In the Treasury 

In circulation...,.,, 

Rstimatwl Btoclc.^, 

In the Trcastiry 

In circulation ... 

DecQml»er: 

Estlmatflfl stOfV..., 

In the Treasury^,,. 

In dnrulntf on. *,.... 
t9(]iS--Jani]ary: 

Kstinmtitfl storlc. . . , 

In tho Treoanry*,.. 

In olronhitian.. 

February: 

PiattmatefJ^twk.... 

In thfl Treasury*... 

In circnlatlon. *..... 
March: 

Estlrnaf^fi sfoek..,. 

In the Treasury,... 

In drtulatioti **,.... 
April: 

Estlniated stoclr.... 

In the Treasury,.... 

In Dlrcnlatfop. 

May: 

E3Hmat«£lst4X'k..., 

In the Treasury,... 

Incfrcnintlon 

Juna: 

Estimated stwk.... 

In tho Freasury . . . . 

In clrcnlation, ...... 

JiHy: 

Estimatori Attjck..,. 

Id tlie TreJisury.... 

In circulation... 

Augtui: 

Estimated 9tM?k..., 

In the Tita.'Tury.. .. 

In cifCMtatiou. 

Sfiiptotnber^ 

Bstl mated ^tock..., 

In the Treasury w , - 

[n circulation. ...... 



744, 70©, 457 
^,536,841 

l.iSO S00,495 
7S7|9&4,083 
003,896,813 

li 455. 093, 097 
7<f5,5&4,71S 
090,430,279 

1,450,033,010 
768,1G2,4S0 
001,^1,460 

1,465,182,001 
7aO,KI2,043 



l,32S,76fi,271 
707,070,000 
561,007,371 

l,3ai,81§.663 
705,7iJ!,028 
sea, 030. 725 

1,355,053.563 
795,29ti.5CS 
500,350,994 

1.359,027,431 
797,970,842 

704,tJ00,574 
674,459,080. 

I,420,8D4J15 
780,220,103 
040,577,053 

1,438,270,003 

7a9,7tt?,s::o 

048,573,173 

1,403,271,290 
821,775,300 
041,490,000 

1,483,(113,475 
fi4O,AO0,4lS 
C:^,fiD4,0&7 

],S01,OOS,780 

an,:%io,o^ 

£20,732,705 

1,527,203,707 
£91), 003,870 
V2S,108,888 

1,538< 405,225 
019, 784, 404 
018, <i^, 7bl 

lpS;i5, 11^,328 
921,924,518 
013,244,810 

I,5.Ti, 011,207 
920,S22,«l11 
015,788,276 

1,538,210,000 

018,225,740 
010,900,3133 

1,53n,a«7, 470 
0i4,i:<2.:{ii] 
lil5,9K,ll8 



1157,860,300 
157,860,800 



I54.0gl,032 
151,081,033 



155,370,753 
155,370,753 



158,250,822 
158,200,822 



153,053,090 
153,053,000 



ia7,620,S30 
137,030,830 



142, 3150,086 
142,350,085 



116,009.700 
110,900,700 



123.043,270 
133,042,370 



131,074, 1S5 
131,074,185 



140,010,004 
140,010,004 



100,354,400 
100,264,490 



105,^20,370 
105,^279 



153,3C4,090 
152,334,099 



141,473,825 
141,473,«£2& 



113,001,617 
112,004,017 



77,008.708 
77,UQe,708 



«3, 004, 164 
^,9t>4,lG4 



03,088.082 
Oa,(i8S,(JK 



103,343,03 
11Xt,343,0£il 



US, 503,00(7 

113,5«3,Wf7 



11,508,116,107 
002,576, 2M 
605,530,841 

1,604,973, «7 
012,076, ai» 
002,805,513 

1,011,373,750 
0!»:i,^,471 
000,439,279 

1,017, S03, 741 
830,413,273 
001,481,400 

1,010, iaa,agi 

fiS3, 450,633 

605,080,258 

1,460,380. )01 
004,001,730 
601,007,371 

1,474,168,738 
908, 132,013 
500.036,73$ 

1,472,503,328 

012,206.334 
560,356,904 

1,482,060,710 
031,013, 131 
66i,l»56>fiS0 

1,480,7^,845 
0L5,3&%75d 
5:4,450,086 

1,501, 714, m 
9^1,136,707 
640,577,903 

1, 004,5:^,403 
1^,957, C20 

648,571,173 

1,038,000,565 

987,104,450 
O41,4OO,00« 

1,035, 84fi, 474 

1,003,044,417 

033^804,057 

1,642,505,014 

i;0l3, £3^908 

030,7Ii3,706 

1,620, 207, 384 

1,011, OOB, 490 

Q2S,1C8l,S88 

1,010^01S,93S 
«7, 1*3,173 
018,^^701 

1,015, 133;, 4» 

1001, m,GQ 

013^344,810 

1,630^260, an 

1,014,511,013 
015,788,378 

1,841,568,041 
1,091, £<«, 685 

6ie,090,3ft3 

i,oo,fsi,ai 

1,037, ;30v» 
615^065,118 



TREASUREB. 



213 



Mo. M«— Estimated Stock of Silver Coin, the Amount in the Treasury, and 
THS Amount in Circulation at the End of each Month, from January, 1902; 
also Silver Other Than ^oce H£ld us the Treasury. 



UoDtb. 



Btaodanl 



allver. 







ISQS — SvDMsmy I 

]a thft Treasury ^.^ 
F*brunry : 

In the TrettsUfy.. 

In dreuktioQ.... 
lIArt^h: 

EiitLm&tod Btork. 

In tbeTfettswry.. 

Id cinmlntion. . . . 
April. 

Ectlnuted stock . . 

In the TrcftBury . , 

Eitfnutoditock.. 

In the Treftsury . . 

IndrculAli<>n..,. 
June: 

EsUmAted stock.. 

]&the T»asury.. 

IncirculAtkm.,.. 
July: 

Estimated Btci'k . 

In the Tfeasury . . 

IncincuLAtlon.. .. 
AU£D«t: 

KitlmatcKJ stock . 

In the Trcaaury. , 

In circulation 

8«ptemt>or: 

Kstim&ted stock. , 

In the Tf¥*iBury,* 

In diXJUlnUon 

October: 

KstfmatCfl stock., 

In the Treasury.. 

In circultttion 

I^OTember: 

Estimated stock., 

Id the Trea«ur)'., 

In ciiTulatloQ 

Deoemr>er: 

E flti ixiA ted Atock . . 

In the Treasury.. 

J n Liircul&tloti . . , , 

Kitimated fftoek.. 

In the Treasuiy.. 

In dirculftijoii.,., 
February: 

K St i mated ^toek. 

In the Treasury.. 

In circulation.,.. 
Mfticta: 

Esclmated Atock,. 

IniheTr^niry.. 

In cidculAtbtnH, ..» 
A|»rUr 

Estimated stock. , 

IniheTrcftsiiry.. 

Incirculfttloa.,,. 
Mayt 

Estlnmted stock.. 

IniheXrefliitiry.- 

Inclitruiation^^.. 



Estimated stock. 
tzttbeTreamiry.. 

Inclrouilation^.,. 
JiMy; 

Estimated stock . 
In tbeTneaaurf.. 
In clrcuJatJon . . ^ . 



Atinist: 

Estinisted stock. 
IntbeTresftsury,. 



Iq dicuMtlaa, 



46Um,7l4 
71,2aa,873 

534,006,054 
405,228,132 
(»i37g,£22 

536, 11:1, 305 
4fla, 1133, 853 
69,179,452 

fi37|aO3,90e 
4fii,2O0,479 
eO,403|33C» 

53S,66I|7S@ 
46»|S[ID,C22 
fiS,S75,764 

640,135,200 
47I,3^,S51 
6B,747,34S 

540,6S2,B17 
471,77ti,3S2 
«a,90tt^4ti5 

A42,^13,2^ 
471,378,823 
70,9»4,IJ75 

543,300,8^0 
468,317,141 
75,0CI,719 

M5,£37»822 

4as,oio,£ie4 

77,M7,15a 

£17,127,022 
468,420,110 
7a, 700^ 912 

«48, 006,168 
4aB, 787,634 
78,310,334 

&4g,5§0,553 
473,742,105 
75,838,448 

550,683,654 
475,632,410 
75,141,2*4 

55I,fll5,317 
4n, 138,477 
74,47fl,840 

552,268,055 
47»,2S1,57S 
73,086,478 

552,876,003 
470,45^,884 
73,417,200 

554,400,226 
482,OO8,0Se 
73,^1,240 

555,4^,503 

482,860, 14(» 

72,B«8,354 

565,853,404 

482,^^,482 

73,e5»,0l2 



$92,305,026 
8,304,087 
33,842,8^ 

02,860,704 

9,418,003 

S3, 441, 701 

93,417,044^ 
10,725,600 
83,602,435 

06,299,100 
12,444,501 
82,454,500 

05,432,402 
0,703,027 
®^,eB8,805 

07,183,762 
11,402,634 
85,721.228 

08,225,380 
12,00'J,UW 
80,222,450 

07,7fi0,401 
10,351,174 
87,415,287 

97,988,576 
8,082,371 
80,006,205 

08,SD0,323 
6,000,608 
01,809,716 

09,611,076 
6,428,213 
03,(^,863 

100,780,876 
6,419,206 
04,350^669 

100,538,610 
8*020,7(36 
02,506,814 

100,615,0© 
8,624, rj9 
01,000,343 

100,786,118 

8,500,673 

^,285,445 

101,141,663 

8,831,087 

02,309,566 

101,503,440 
9,636,251 
01,867,130 

102,O34,5fi7 

9,307,873 

03,726,804 

101,679,100 
9,432,720 
93,246,380 

101,867,228 

8,906,276 

02,870,962 



1625,261,643 
470,125,831 

165, yjs,it2 

627,466,448 
474,640, 136 
152,820,313 

620,531,240 
477,650,363 
161,871,887 

6^,O(»,990 
4S0,rrf5,Q7CI 
151,867,029 

634,117,278 
482,602,649 
161,514,639 

637,318,002 
482.860,385 
154,468,577 

638,008, 2(]0 
483,T7*i,2R2 
165,128,024 

640,120,750 
481,720,707 
158,3W,1M^ 

641,340,436 
476,300,612 
164,949,024 

644,337,145 
474,900,372 
169,416,8:3 

646,638,098 
474,854,323 
171,783,775 

64S,»e8,043 
476,207,040 
172,661,003 

660,100,072 
481,762,810 
168,445,263 

651,298,746 
484,157,140 
167,141,697 

6.^2,401,435 
486,630,160 
166,7ffi2,2S6 

653,400,609 
467,113,505 
160,296,044 

664,379,633 
4S0,605,135 
I65,2i(4,39S 

656,434,793 
401,316,859 
165,117,934 

657,007,603 

164,8^734 

657,730,723 
491,*A0,75« 
165,820,054 



S38,Q21,2e« 



35,d»,23Q 



H^UVUO 



32,049,390 



31,8 
"a§,"i32,"5M 



31,442,360 
*3i,'663^336 



30^146/199 



3S, 411,303 



26,079,708 



34,933,407 



34,076,6ffl 



23,lflOl,4Sa 



ffl, 6^,078 



3S,28S,fl35 



21,701,0^ 



21,340,003 



20,503,531 

*io,"52a;2» 



214 



REPORT ON THE FINANCES. 



No. 24. — ^Estimated Stock of Silver Coin, the Amount in the Treasxtbt, and 
THE Amount in Circulation at the End of bach Month, from January, 1902; 
ALSO Silver Other Than Stock Held in the Thj: a bury— Continued. 



Month 



1903— Septein Ln^t ► 

Eatlmated stock _^ 

III thu Ti*e*isQry 

In cLrciilatl{>Q 

Octob&r: 

Estimati*d stock 

In thi! Trttttisurj . . , , 
Incir^uUtion. 

Novomber: 

EsiimiitFd stock... 
In the Trpaflujy,^-, 
InclrciiUitinn,,..., 

Dflocmbfir: 

EstimalwJ stot^lc,.. 
In the TrPiisiiry .. .. 
In circulatioD . _ . . , 

Eatlmated stoek, . . 

In ttic TiPC*iHUfy 

InciiruLation 

February: 

EstlmutfMl stock... 

tntlip^ Treaaurjr.. ., 

In circulArtJon. , , , . . 
March: 

Estfmatt'c] fltock. . . 

In thoTiraanry., .. 

lucIrctjJdtion 

April: 

Estimated stock . . , 

In the Treasurj' . , . . 

In circulation.,,... 
May: 

Estimated stock , , . 

In the Treasury 

In circulation ...... 

June: 

Estimated stock . . . 

In the Treasury 

In circulation...... 

July: 

Estlnmtpd Jitoclr. . . 

In the Treasury.^,. 

liicineulfltJon 

Augiiat: 

Estimated fltffl;k... 

In thfl Trpftsury . , . . 

IneirciUiitlon. 

6epti?mber: 

EstimatfMl stock... 

In Iho Treasury . , ,, 

in circulation ...... 

Ootobor: 

EHilTioiiC'etd stock,.. 

In the Traaaury-*^* 

Incirt'tiJation,,,... 
Kovembcrt 

Estlmutc'd stoclc . . , 

In tho Treasury.... 

In ciftTUlation 

December: 

ENtlmnu^d stotrk... 

In thf Tr*%ifluiT 

In ci reuljitlon . . . » . . 
IVCNh-Jaannry: 

Eiti mated itock . , , 

In tiw! Treflflury 

Inclpculfitton,^.,** 
Fobruary; 

Estimated atoflk,.. 

In Iho Trpaaury..-. 

Inclpcnlatlon,.,,.. 
Mftieh: 

Estimate ntock... 

in tiiflTn^Hflury..-. 

Incirculation..,^^. 
April: 

Estimated stock , . . 

In the Treasury . . -. 

In circulation... ... 

May: 

Estimated stock*... 

In tho Treasury..,. 

In circulation..,,... 



8tand(ird Suhsf diary 
dallan. alLvieT. 



t5fi5, 886,980 

7e,9ie,739 

5£4,7;^,235 
473.gi3&r275 
8Q,7W,««0 

473,206.266 
8l,fi73,22a 

55S,4I0,127 
477p651,fi27 
T7f963rfi00 

&5T,19B,4^ 
76, 400, 191 

5fiT,H&50,4S4 

74,709,181 

£5g,fi7g.30a 
484,9>;*0|4O4 
72,642 ,9»Q 

659,422,410 
4S&fH10,G8^ 
72,eaV727 

550,391,605 
4Sg,577,779 
71,3n,B% 

M0,24l,263 
489,002,702 
70,581,501 

559.495,170 
4*7,987,441 
7l,607,72» 

558,851,028 
482,SI»,778 
76,000,250 

SSft,6n,lfll 
479,234,038 
79,443,123 

5fi8,4ai,§02 
477,912,010 
gO,522,SSZ 

£aS,4g4,96§ 

478*445,573 
S0,O30,3Qi5 

558,a«!,58d 
4S2,1S0,8» 
76,161,750 

558,393,681 
464,004,102 
74,329,719 

558,221,541 
484,,"^, 7S8 
73,831,773 

558, IKS. 412 
4S4,fiW,657 
73,64^,756 

658, fl7S.«e 
485,060,912 
73,617,644 



1102,825. 

7,058j 

94,BIJ7j 

104,€S7, 

7,851 

96,235; 

105,236j 

8,106] 

€f7,l30, 

105,9.18, 

S,306j 

*7|631 

105,903j 
10,433j 
«i5,l70j 

106,903, 
11,417^ 
95,486, 

106,633, 
11,645, 
66,087, 

106,072, 
11,85S, 
M,820, 

106,614, 
12,^" 
64,579; 

107,062 
11,533, 
65,628, 

106,603, 
11,926, 
64.577 

1C8|I58 
12,404 
95,994; 

110,300, 
ll|4430, 
98,840, 

110,993, 
10,585, 
100,408, 

111,094 

0,80g; 

101,8S6 

112,171 

«|280; 

102,891 

112,642 

11,563 

101,079, 

113,162, 
12,617, 
100,214 

113,070, 
13,615, 
60,766, 

114,062 

13,995, 
100,067 

113, 6n. 

13,503. 
100,473, 



TutaL 



1558,712,348 
4S7, 896,703 
170,i£26,5S5 

056,122,119 
483,906,622 
176,152,197 

069,976,050 
462,015,283 
177,030,766 

600,776,768 
481,575,192 
176,204,676 

061,352,576 
487,^4,651 
173,433,926 

064,1012,385 
462,215,516 
171,886,506 

664,263,208 
464,366,236 
169,796,073 

665,252,280 
490,788.t«6 
168,463,391 

666,037,340 
498,N52,514 
167,184,826 

666,053,626 
500, in, 457 
lliO, 812,166 

6(56,747,603 
601,588,992 
165,158,611 

667,954,142 
600,461,601 
167,503,461 

666,151,342 
464,311,076 
174,840,267 

669,670,333 
489,816,082 

179,851,251 

tf?0, 129,286 
487,720,033 
182,409,266 

670,656,462 
487,725,740 
183,630,722 

670,685,363 
493,744,033 
177,241,230 

671,656,761 
497,012,147 
I74.AI4,604 

671,861.866 
498,364,956 
173,«S6,943 

672,261,400 
498,582,000 
173,706,400 

672.61^,023 
498,ii64^«W 
174,001,133 



Otber silver 
ite&uheld. 



116,044,131 



18,336,121 



17j6§e,g73 



16»73§jl70 



16r83»j3e4 



16,400,043 
i6;d87;4M 



16>«»,002 

ii;io7j48 



15,380,998 



14,87Q,180 



14,330,134 



I4,l«,i^ 



14,l«4,aSi 



14,0B6,aH 



1^636,685 



13,60,413 



13,(M»,6tl 



13,«24,»T 



i3ieo6,eoo 



TREASURER. 



215 



mo. 94. — EsmcATBD Stock of Silver Coin, the Amount in the Treasury, and 
THE Amount in Circulation at the End op each Month, prom January, 1902; 
Also Silver Other Than Stock Held in the Treasury — ContinueU, 



Modtli. 



SUiid&rd 



Eitimateti stock,....-,-,.... 

In the TrtasuTf *^.*.* *h.,*.-.. 

In clri'iiifition ,_ 

EitlTTiated Mock. *.,... 

In the Treaaury,-,...,. — ,.,.. 

In circulation.. ,, * **. . . *** , 

Aq^»t: 

EsUmated itto&k *.**.,.,». 

In thp Treamiry ...,_,. 

In circulation., ....»,,..*.,....,. 

fisplenil^r: 

EititoftterJ stoek. „......*,.* , . 

In tliG Treasury...,.,...*.,..,**,... 

lUf^irctiiatkon..,^ ,-, 

Octotwr: 

E^timfttefl fftock., . . , . , 

In the Treaaury *.....,.*»».......,. 

In cin^uiation.. , 

NoTemtwr; 

Eat^niated fftock,^^. 

In the Tr^amuy * .. * , ^ *..,,.*,„,,,. . 

In cireuiation.. *.,,.. 

"D&xmtmr: 

Eatlmated stock. . , 

In t\m Tma*iiry.**.. 

In cireiilatlon.. . ... .^. 

IPOS^Januarf: 

EfltimattHJ atiock. . , ._,..... 

In tb(? Treaaury ,...,.,,,.. 

In oirailation.. , . , 

February: 

Estimatrta stock.,.. .,..,.. 

In tin? Treasury . , , 

In circuiatlon ♦ .,*,..*, 

UafTb: 

Estimated atock.......w, *..*,...,. 

In tht' TTTflsHry.,,,.. 

lo oh*cuiatlon,. , ,. , 

Aiidl; 

EitimAted stock.. ....,.,.,..,...... 

In thfl Treasury 

In cltculatiDn , , , 

Mmt- 

ErtimAtedrtocfc...... ,. 

In tho Treasury „.,.. 

In clreulfttion.. , 

Juzm; 

Hflthnated stock 

Jn tin Treasury 

In olre«l»tioti,. „,..,.,.,...,.. 

^ily: 

Ejtimatcd fftock... .....,..., 

!•«•- Id Ibfl Treasury. *„*,. 

In circulation., ,..,,,. 

August: 

EitJmatftd stock, 

In the Treasury. .... ...... .^, .. , 

In firrulatlon.. , ........... ...... 

Eittmati^d atoek,. 

In lljo Treasury.., ...,..,,..„, 

In eireulatiyn ....._ ...,..,., 

October: 

Estimated stock. 

In the Troasoty. ._.... . . . . , 

In clrtiilatlon* « ^ * , 

NoTsmbeT: 

E Bit ma ted stock. 

In tho Tpeaaary... 

in cirtulallon . . . , 

December: 

£stimat4>d stock.. 

In the TreaflUf y 

In Circulation 

lOOT-^annary: 

Estlms tod stock 

J n the Treasury. . , 

Iii circitlation 

FtbnisTy: 

Estimated atnck 

In thi) Traaaury , 

Id cLn^ulation 



476, 257, WW 
85,377,835 

561,763,530 
478,590,490 
83,173,040 

561,866,530 
478,948,749 ; 
82 917,781 



Subsidiary 
iUvtsr, 



TotAl, 



1558,815,805 

4S5,23t,529 

73,5B4,33a 

559,0^,217 
485,452,310 

590,220,217 
483,03^.302 

55a,43S,8S5 
47V.90a,Q64 
79,43a,0Ol 

559,«07,S6S 
477,785,554 
81,832,311 

559,750,805 
476,424,637 

5»», 898,805 
47«, 102.038 
83,73fl,227 

500,142,805 
470,735,320 ' 
80,417,545 

500,250,805 
480,8Wt,099 
7T*, 383, 706 i 

560,434,805 I 
478,723,429 
81,711,43d 

560,567,805 
480,14.*J,809 
80,424,050 

500,724,805 

482,123.730 

7S,e02,135 

r]00,9&5,x'530 
483,864,102 
77,001,308 : 

56 i, 018, 855 . 
483,903,200 
77,115,655 1 

561,121,855 
482,183,240 I 
78.938,600 

.'^I,22g,SS5 ' 
479,507,148 ; 
81,002,707 : 

P%1 ,^9,530 
477,733,flea 
t^,ti06,468 

^1,424,530 
477,212,011 
84,211,019 ; 



1114,324,180 ' 
13,3SQ,483 , 
101,437,707 

114,507,930 

13»070, 177 

101,437,759 

114,484, in 
11,064,150 
10a,820,(]C21 

115,246,222 

9,700,3i^ 

105,530,966 

115,654,205 

8,300,273 

107,157,932 

110,385,553 I 

7,000, 174 
108,770,370 



I 



110.900,855 I 
0,061,400 ' 
110,020,305 

117,111,381 

9,521,847 

107,580,534 

117,108,SfiO 

0,787,503 : 
107,381,453 

116,703,583 

7,274,243 

109,480,330 

lie. 910, n4 
7,42£;,100 
100, 404, 005 I 

110,010,102 

7,045,873 ! 
109,804,310 

118.224,920 I 

e,5M,4lO I 

111,020,504 , 

117,802,471 i 

A, 830,343 , 

111,976,120 1 

118,808,475 

5,408, 943 

113,309.532 

120.056,795 

4,055,^ 

116,001,510 

123,785,299 

3,50(^,051 

120,278,048 

12fi,lM,7»2 

3,SSa,072 

122,2S1,710 

k*^t ,CriiftJ\<0 

3,720,430 
124,120,938 

127,474,478 

7,066,315 

120,406,163 

128,134,441 

7,3(il,332 

120,773,109 



•673,640.054 
408,018, OU 
175,022,0*3 

673,547,153 
408,522,490 
175,024,657 

673,704,388 
495^302,4^2 
ITS, 401^936 

074,080.087 
489,70^,220 
184,070,867 

675,102,070 
4S&,L81,«^7 
188,080,243 

670, 136, 4 IS 
484,033,811 
192,102,607 

676,880,720 
483, 124, i:^ 
103,7&^.-^ 

677,1^,246 
480.247.107 
188,007,070 

077,428,821 
400,083,002 
180,74.^,210 

077,108,447 
485. 007, on 
101,300,775 

677,487,030 
4817,568,918 
180,918,721 

677,0flr.,057 
489,168,003 
188,496,454 

070,090,4^ 
490.450.578 
188,030,872 

678,821,326 
480,720,542 1 
189,091,784 

079,930.330 I 
487.502.189 1 
192,338.141 ' 



Other silver 
ftcmi bnld^ 



112,710,568 



483.022,433 
197,004,217 

685,124,829 
481,230,713 
203,885,116 

687 f, "179,312 
481,1(^,083 
206,473,029 

Uw, -11 0,606 

479,978,125 
209,498,773 

689,238,006 
485,656,805 
203,581,203 

690,000,971 
486,310,081 
203,600,890 



12,4S0,eM 



12,364,738 



ll,877,e 



11,181,0 



19,408,539 



O,£i7B,180 



0,380,361 



0, 000,^3 



9,4e6,3M 



9,t«7,6« 



0,1«1,U1 



8,7*^,336 



8,742,758 
"8|667,"2i7 



8,709,00a 



8^^20,338 



7,733,380 



7,449,600 



8,100,187 



8,744,627 



216 



BEPOBT ON THE FINANCES. 



Mo. 34. — ^EsTiMATED Stock of Silver Coin, the Amount in thb Trbasurt, and 
THE Amount in Circulation at the End op Each Month, prom January, 1908; 
ALSO Silver Other Than Stock Held, in the Thkasuey— Contmued* 



Mootb, 



1007— MftJCh: 

EstimaiQc] ^toclc 

In tbfl TiBaBury.. 

Id cLrcuJation..,. 
April: 

Estimated stock. , 

Jn theTp&saury.. 

Id circulation 

ItELy: 

Eat I mated; Btock. . 

in the Treaauiy,^ 

In Circulation — . 
June: 

£»tlmat«<d fltnok.. 

In tho Treaflury.. 

In ciTCuJtttioo».», 
July: 

KatImH.ted atock^ , 

In the Ti¥M(try.. 

In cf rcuXution. _ ^ 

EatEmnt«<d stock.. 

In the TrofiMiry., 

IQ dfCtilHtlon 

September 

KBtimiiti'il fltock. . 

In the Treaaury. , 

lo dnsulatlon 

Octol^rtir: 

Estimate At<X'k,,. 

In the Treasury... 

Inclnjulatloii.,.., 
Novcjnbcr: 

Estimated stock,»» 

III the Treasury... 

In clrculalJDD..^,, 
December: 

Efitinmtod stock. «» 

In the Treasury . , . 

In clniulatlon.,.^. 
HOB— January: 

Ksttmated stock.,. 

In tho Treasury . . . 

In rirculBtEon..... 

Estimated stock.,. 

In th© Treasury... 

In clrE?ulatJon...,, 
Marrd: 

Est [mated stock... 

Jt] the. Trtiflsury... 

iticlR-LdaciOQ,,.., 
April: 

Eatlmat«4 stock,., 

hi ttwTmsury... 

in clrctdaUoa 

M»y: 

EJitliiiated stock... 

In the Trvaaury,,, 

Iti circulation 

June: 

Estimated stock... 

Jij thft Treasury. . , 

In clfcutatloii..... 
July; 

Eitlmatcf] stock... 

In lh& Treasury,.. 

In (!lTCiUatlon...., 
Augiist: 

Estimated stock,,. 

In the Treasury. 

In I'lrriiliitliKi 

Septemtjcr: 

Estimated stock... 

In the Treasury. _ 

In elri'nlatton..... 



fitandard 
dollus. 



479,045 ,S24 
S2,tX23,70ft 

fi^,€tie,530 
47g.541,^!a& 
S2,5:as,3M 

£02,173,530 

fi2,083|043 

602,2Gi,ggs 
4»>,a61,S3a 
81,^0,444 

48L, 104,803 

«§2,544,£30 
4n,7SG,3&4 
e4,75S|ieO 

502,630,983 
473. g] 4.023 
S3,S23,»d9 

J362,7n3.»Sa 
<7U72<433 
00.079,549 

562,770, W2 
47l,4£8.5M 
«U312,428 

&G2,JI49.Se2 
173.202. ggo 
80.5^7,003 

^70,30l.7fi7 
ad.5M,32& 

£&t.00&,983 
470, 112. 990 
83.£0(J<9I^ 

M3,097.g62 
4^.347, 58S 

485,076,651 
78,im,33l 

£03,277.812 
4M,949.]&S 
7B,32S.A(^7 

503,357.982 
4ii472.S4i 
75,1S5J34 

563.lt3.9@a 

4Ba. £02,^87 
74,891, 09S 

603h403,9^ 
4HS,«»,S35 
75,(»1.H7 



Subaldlaiy 
ailv«f. 




tl23,435,{l53 

7,375,5aa 

m,0&9.533 

129,769, 4S9 

S,410,78S 

121^349.701 



I0OO,4(H|5S3 
480,421,344 

091,8^,019 
«7,9&1,014 
aQa,S7S,DQ5 



130,T70,01S 692,952,548 

9,0i32,41»l i 480,142,079 

121,r20,527 203,810,469 



130,^^^,218 

8,674,817 

121,7T7>401 

130,836,567 

8,587,949 

122,248,6ia 

13I,504,47S 

8,385,500 

123,118,909 

132,709,079 

7,812,842 

134,080,337 

134,122,002 

6,001,373 

127,461,229 

13^,201J45 

3.221,533 

132,979,612 

1^,030^904 

4,050,135 

134.980,850 

141,517,793 

10,810,738 

l^«70l,0&fi 

143,4H«23 
16,075,711 
127.3S8,9I2 

144,490.463 

18,452,313 

136,0(34,150 

J44,«)9.D(32 

20.207,843 
124,541,100 

143.538.203 
22, 155, -111 

121,382,852 

147.355,783 
23,177,618 
121,178,165 

147,005.385 
24,222. GIO 
122,782,736 

147,779,837 
23.774,203 
124,005,574 

145,770.000 
2U 746.013 
124,604,0/7 



602,714,200 
489,226,3:^3 
203,4^7,845 

693,107.007 
480,602,812 
203,504,285 

693,069.008 
488,73.^731 
205,233, 27?« 

695,343,009 
485,590,200 
300,744,403 

606,750.584 
480.475,306 
316,384,188 

608,905,137 
474,945,000 
223,050,101 

702.401,076 
470,100,089 
226,203.387 

704.307.775 
484,109,033 
220,358,147 

706,305,605 
492,467,488 
213,938,137 

707,496,445 
497,B65.3O0 
209,631,136 

707.900,081 
502,615.430 
305,391,564 

700,718,245 
507.232.002 
199,480,183 

710.633. GOS 
510, m. 773 
300,506.8^ 

710,303,307 
512,3015.407 
107,OG7,S70 

ni. 109,819 

51^297,150 
l0i.8OG.009 

700,364,072 
5lO.l55.fMH 
I90.10h.234 



Otbnraa^ 



aflnr 



IS,TSS,50» 



B,730,7W 



B,852,5Vi 



10,008,071 



10, 



10,230,409 



9,374,3 



8, 035^449 
8,'65i,'6o6 



fi, 534,094 



9,715,900 



10,364, UJ 



U,306,J51 



ll,iaai,41i 



10,820,470 



ii,o:»,iiT 



10,6 



10,4 

iojMjii 



TREASURER. 



217 



BI<K 9ft. — ^United States Notes, Treasury Notes, and National-Bank Notes 
Outstanding, in the Treasury, and in Circulation at the End of each Month, 
FROM Janvajiy 1902 










TolaL 



Id the Treasury *.,,, 

In cLrmllatloll 

IM>ru&r7: 

OutBtatuHng 

In the Treasury , « ,, . 

laclnmlJttloQ....... 

lUit'b: 

Outstanding.., __.,- 

In the Treasury.,,-, 

In cLrciilAtiou ^ 

April: 

0ut4taxulix^ **»*.,.. 

In th« Tf«&ffUiy 

tn clii3jlA.tlon .«...,. 

Outflt^ndk^ . ^ ^ 

In th« Trea«ui7.«... 

In clrcuJ&tion. , 

June: 

Out!(tiindlng . . . ^ 

In thoTffjisury^ 

In citcutattoti ....... 

Joly: 

Qy titimdtttg ........ 

In the Treasury 

In clrcul&tloa. ,.*..* 
August: 

OutstA^nding 

In the Treasury. 

ftt cIrcuUUoo...,,.. 
September: 

OutsUindlfig 

In the Treasury 

In cifeiUatioti...**.. 
October: 

OutiitiLndlag 

In theTreaaury 

In ciitmUtioQ ^ ^ . * , , - 
No vein tier: 

Outstaniling^ 

lathe Treiwury . 

In clrouLatioii.,.^.^. 
I>flc«mber: 

Outf^tanitlng...,,.,, 

In thBTreamry..... 

In dr?ulatioD...„.,, 
tan— Jitnuary : 

OutmtAnding. .*,*,.. 

In thpTreajury...., 

In cslrctiLation..,.,., 
February: 

OutBiandln^. 

In thaTneftsury,.... 

In drctjJation ,-. 

HAfth: 

Outstanding........ 

In the Treasury,,... 

In cireulalion , ■ . 

AprU: 

Outstanding....,,.. 

imheTreaaufj..,,. 

fndimilatlon... 

M^: 

Outstandltif .... 

In the Treasury..... 

Lq eJrculatlon 

inne: 

OutatAndiiv,, 

In tlw Treasury . 

In cliculfltion 

July: 

Outfllonding....,,.. 

tn the Treasury,.,,, 

In clrcitlalJOD 

August : 

OutstatMling. 

tn thtt Treasury 

In oinulfttloa . . , 



a33,&ai,di5 

B46,A81,016 

335, 4021 73Q 

340, as:, 016 

0p 087, 171 

3%, 693, 815 

310.681,016 

8,573,002 

338p 106,114 

346.661,016 

8,536,279 

338,144,737 

340,681,016 

12.3%, 2M 

334,301,722 

34Q,fiS],0l6 

0> 252, 347 

337,428,000 

34Bt68],0l@ 

5,538,342 

341,141,774 

346,661, Ota 

3,750,030 

343,930,036 

345*681,010 

a,mi,034 

313,630,062 

346,681,016 

2,807,475 

343,783,541 

3lfl,eai,0f6 

2,910,158 

34^,770,666 

346,681,016 

6,473,501 

34U, 207,513 

34B, 081,016 

4,286,223 

342,39j^,7^ 

3111.681,016 

2,406,334 

344,274,682 

^46.681,016 

4,607,767 

342,073,340 

346,081,016 

6,57l,47g 

MO, 109, 5^ 

»6, 661,016 

12,432,449 

334,246,667 

346,661,016 

n. 465,451 

335,105,565 

346,661,016 

U,%t3.44S 

335,377,566 



f37, 533,000 

69,476 

37,443,624 

35,34A,000 

177,610 

36,166,300 

33,003, OQD 

61,681 

33,661,110 

32,636,000 

89,427 

32,546,573 

31,307,000 

]94,323 

31,142,677 

30,000,000 

197,224 

20,802,776 

28,763.000 

127,4)5 

2B,63&,56& 

27,701,000 

7e,260 

27,622,750 

26,836,600 

»4,210 

26, 741, 7% 

25,796,000 

47,722 

2B,74S>278 

25,054,000 

131,465 

24,922,515 

24,053,0f« 

132,574 

23,920,426 

22,953,000 

87,522 

^,865,478 

22,232,000 

106,001 

22, 12.5, 0» 

21, 501, two 

80,826 

21,420,172 

20,706,000 

134.260 

aj,670,740 

20,013,000 

146,256 

10,666,742 

10,243,000 

166,352 

10,076,048 

16,5^,000 

88.422 

16,467,578 

17,970,000 

110,746 

17,Sao,2&4 



3359,444,615 

13,000,053 

346,437,662 

356,434,867 

10,804,631 

347. £^70, 240 

357,476,407 

9,141.233 

348,335,174 

356,087,309 

8,962,716 

348,004,661 

356,747,164 

0,117,104 

347,630,020 

356,672,091 

11, ia5,57S 

345,476,516 

358^984,164 

12,937,219 

346,016,965 

361,282,691 

14,725,312 

346,557,379 

306,003,598 

14,610,330 

3.'i2,3S3>259 

360,476,334 

13,466,852 

3Et7,007,482 

384,854,514 

13,302,019 

371,552,405 

364,020,784 

l6,25!,2Sa 

308,678,531 

363,073,54« 
21,569,203 
362,404,253 

332,706,845 

16,011,265 

366,767,550 

362,510.256 

0,733,404 

372,765.854 

391,151,728 

0,645,006 

381,306,122 

400,443,205 

11,352,287 

305,090,918 

413,070,050 

13,673,911 

309,906,709 

417,346,467 

15,W8,087 

401,397,500 

416,587,975 

19.2r^.045 

399,364,930 



$743,656,631 

24,005,800 

710,562,831 

740,461,683 
22,320,517 
716,141,366 

736, 120,423 

10,310^285 

716,910,136 

736,306,411^ 

17,645,047 

716,661,368 

734,735,200 

17,817,768 

710,017,134 

733,3.'i3,iafr 
23,7S2,093 
709,671,014 

734,426,300 
22,316,961 
712,111,219 

735,664,707 
20,342,804 
715,331|903 

740,510.614 

IS, 4/^"^, 479 

722,055,135 

752,053,350 
16„558,60i 
/30|394, 844 

756,5a).&3D 

16,330,079 

740,256,551 

7&5,663,8aft 

10,293,0e» 

736,^9,810 

753,607,568 
28^130,318 
735,477,244 

761,711,861 
30,406,410 
731,305,451 

760,701,374 

12,2211,566 

736,480, 70S 

758.^27,744 

14.577,633 

744,050,111 

773,137,221 

16,070,023 

755,067,198 

77O.ri04,66O 

20.372,742 
753,321,024 

783,563.603 
27, .523, 860 
755, 050, oa 

783.236,001 

30,626,239 

752,612,753 



218 



BEPOBT ON THE FINANCES. 



No. 25.— Unitbd States Notes, Tbeasurt Notes, and National-Bank Notes 

OXJTSTANDING, IN THE TREASURY, AND IN CIRCULATION AT THE EnD OP EACH 

Month, from January, 1902 — Continued. 



Month. 



United 
States notes. 



1003— September: 

Outstanding 

In the Treasury. 

In circulation 

October: 

Outstanding 

In the Treasury. 

In circulation 

November: 

Outstanding 

In the Treasury. 

In circulation 

December: 

Outstanding 

In the Treasury. 

In circulation 

1904-^anuary: 

Outstanding 

In the Treasury. 

In circulation 

Plebrmiry: 

Outatandli^. .... 

In the TPfiasary. 

IncLrcuIatton.... 
Manih: 

Outfitandlug,,,., 

In the Treasury. 

In circulation 

April: 

Outstanding 

In the Treasury. 

In ciiculation 

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 

liX>&-Januarv: 

Outstanding 

In the Treasury. 

In circulation 

February: 

Outstanding 

In the Treasury. 

In circulation 

March: 

Outstanding 

In the Treasurj'. 

In circulation 

April: 

Outstanding 

In the Treasury. 

In circulation 

May: 

Outstanding 

In the Treasury. 

In circulation 



046,681,016 

10,302,247 

336,378,769 

346,681,016 

5,719,673 

340,061,343 

346,681,016 

2,387,365 

344,293,651 

346,681,016 

3,406,578 

343,272,438 

346,681,016 

8,988,196 

337,602,820 

346,681,016 

9,368,475 

337,312,541 

346,681,016 

5,273,146 

341,407,870 

346,681,016 

6,903,945 

339,777,071 

346,681,016 

9,376,636 

337,304,380 

346,681,016 

12,921,501 

333,750,425 

346,681,016 

15,001,782 

331,679,234 

346,681,016 

13,869,797 

332,811,219 

346,681,016 

9,756,258 

336,924,758 

346,681,016 

4,548,505 

342, 132, 421 

346,681,016 

4,057,379 

342,623,637 

346,681,016 

4,393,389 

342,287,627 

346,681,016 

12,217,996 

334,463,020 

346,681,016 

14,061,633 

832,619,383 

846,081,016 

14.610,143 

332,064,873 

346, («1, 010 

15,008,354 

331,672,662 

346,681,016 

14,306,323 

332,284,003 



Treasury 
notes. 



National- 
bank notes. 



117,496,000 

162,792 

17,335,208 

16,874,000 

93,825 

16,780,175 

16,428,000 

46,720 

16,381,280 

15,006,000 

77,147 

15,828,853 

15,322,000 

88,327 

15,233,673 

14,846,000 

65,067 

14,780,933 

14,372,000 

57,324 

14,314,676 

13,087,000 

133,805 

13,853,195 

13,473,000 

96,576 

13,374,424 

12,978,000 

75,943 

12,902,057 

12,653,000 

102,234 

12,550,766 

12,225,000 

56,813 

12,168,187 

11,966,000 

105,901 

11,800,099 

11,613,000 

61,113 

11,551,887 

11,331,000 

44,070 

11,286,930 

11,019,000 

78,946 

10,940,054 

10,702,000 

107,207 

10,504,793 

10,330,000 

40,417 

10,283,583 

10,111,000 

63.224 

10,047,776 

9,865,000 

42,866 

0,822,134 

9,617,000 

83,700 

9,583,291 



S420,426,535 

15,520,837 

404,905,606 

419,610,683 

10,872,165 

406,738,518 

421,106,979 

8,141,361 

412,965,618 

425.163,018 

12,009,829 

413,153,189 

426,857,627 

18,654,036 

406,203,501 

430,324,310 

14,040,247 

416,284,063 

434,900,942 

10,116,506 

424,793,346 

NB7,080,573 

12,715,566 

424,365,007 

445,988,565 

14,257,581 

431,730,964 

449,235.095 

16,207,250 

433,027,836 

450,206,888 

17,505,015 

432,701,873 

452,516,773 
18,623,067 
433,893,686 

456,079,406 

14,051.921 

442,027,487 

457,281,500 

12,041,062 

445,240,418 

460,679,075 

12,296,003 

448,381,072 

464,794,156 

15,636,878 

449,157,278 

467,422,853 
20,884,648 
446,538,205 

409,203,840 

16,107,136 

453,096,704 

475,948,945 
12,128,995 I 
463,819,050 | 

481,244,945 

12,854,396 

468,300,647 

488,327,516 

13,968,127 

474,350.380 



TotaL 



S784,606»fia 
25,065^876 
758,619,676 

783,165,600 

16,085,663 

766,480,036 

784,216,906 

10,575,446 

773,640,540 

787,750,034 

15,405,664 

772,264,480 

788,860,648 
27,730,6Ge« 
761,130,064 

791,851,326 
23,473,789 
768,377,537 

795,962,958 

15,447,066 

780,515,899 

797.748,589 

10,753,316 

777,905,278 

806,142,681 
23,732,703 
782,400,788 

806,894,111 
29.204,793 
779,689,318 

800,640,904 
32,600,031 
776,031,878 

811,422,780 
32,540,607 
778,873,002 

814,726,424 
23,014,080 
700,812,344 

816,576,616 

16,660,700 

796,024,726 

818,601,001 

16,300,452 

802,201,680 

822,404,172 

20,100,213 

802,384,060 

824,806,860 
33,200,851 
791,506,018 

826,214,866 
80,215,186 
706»990,670 

832,740,061 
26,806,882 
805,032,600 

837,790,061 

r,906,CI8 

800,886^843 

814,688^01 



TBEASURER. 



219 



Mo. 95. — ^United States Notes, Treasury Notes, and National-Bank Notes 
Outstanding, in the Treasury, and in Circulation at the End of each Month, 
FROM January, 1902 — Continued. 



Month. 



United Treasury 

States notes.' notes. 



National- 
banknotes. 



lOOft—Jime: 

Outstanding 1346,681,016 

In the Treasury ' 14,260,319 

In circulation 332,420,697 

July: 

Outstandmg... I 346,681,016 



Itj tbe Tri?ii»nry, 

Id circulation _. . 
Augu«t: 

Outfltaridin^... .. 

In tijo TfeiiHiiry,. 

Iticifculatioti.... 
Bepiemher: 

OutflU tiding..... 

In the Tuonjiury^. 

ItidrcuiatJoQ.... 
October: 

OiiUt«Lnding. .... 

In the Tnbttsury.. 

Incirculution 

NoTcmtjer: 

Outsim&dlog 

Id ctoa Treiisury.. 

In ocmulation 

DeceiDber: 

Outstanding..... 

In the Tituujury.. 

InelrculAtloja 

1105-nJanuarv: 

Outstanding 

In the Treasury.. 

In circulation.... 
Fobrujiry: 

OutsCikndlng. 

In tbe Trefijiury^. 

Iocircul*tJoti..,. 
Hairh: 

Outstanding..... 

In the Tr^sury.. 

In cinDUlfltion 

AprU: 

Outstanding 

In ttie Treasury.. 

In circulation 

ICay: 

Outstanding 

In the Treasury.. 

In circulation.... 
June: 

Outstanding 

In the Treasury.. 

In circulation 

Joly^ 

Outstanding 

Id the Tnsasiiry.. 

lockreuJatlQEi... . 
August: 

OutvtandiBg 

Id the Treasury^. 

Ill eifcijiittion 

Beptocnber: 

Outstanding 

In the Treasury^, 

lDoiif?ulfttion..i. 
October: 

Outstanaing..,.. 

Id the Tneasary.. 

Inciretilatlon.... 
Kovt?Tnber: 

Outstanfiing, . . . . 

In tho Tnsaeniy.. 

In circulation.,., 
ItewmT>er: 

Outst&ndtng 

IntheTreaaniy.. 

In tiTCulation_ . . 

Out^taTidlng 

In the TTrasiiry. . 

in circulation 

yM>nsary: 

Outstanding 

In the Treasury.. 
IndiDiilation 



15,249,241 
331,431,775 

346,681.016 

13,141,905 

333,530,111 

346,681,016 
10,342,060 



346,681,016 

6,573,536 

340,107,480 

346,681,016 

3,484,466 

343,196,550 

346,681,016 

3,418,925 

343,262,091 

346,681,016 

8,987,735 

337,693,281 

346,681,016 

10,594,139 

336,086,877 

346,681,016 

9,156,935 

337,524,081 

346,681,016 

9,550,605 

337,130,321 

346,681,016 

11, 128, 123 

335,552,893 

346,681,016 

10,740,796 

335,940,220 

346,681,016 

10,221,624 

336,459,392 

346,681,016 

7,592,170 

338,728,846 

346,681,016 

3,822,418 

342,858,598 

346,r«l,016 

2,164,867 

344,516,149 

346,681,016 

3,420,094 

343,260,322 

346,681,016 

4,772,663 

341,908,3^ 

346,681,016 

8,121,292 

338,659,724 

346,681,016 

7,753,498 

338,927,518 



S9, 413, 000 

140,082 

0,272,018 

9,165,000 

41,425 

9,123,575 

8,984,000 

63,747 

8,920,253 

8,795,000 

30,142 

8,764,858 

8,621,000 

26,622 

8,594,378 

8,478,000 

42,278 

8,435,722 

8,330,000 

55,116 

8,274,884 

8,086,000 

28,721 

8,057,279 

7,969,000 

56,545 

7,912,456 

7,794,000 

25,906 

7,768,095 

7,661,000 

20,961 

7,640,039 

7,504,000 

26,782 

7,477,218 

7,386,000 

48,680 

7,337,320 

7,232,000 ' 

17,004 
7,214,990 

7,129,000 I 

16,748 
7,112,252 I 

7,021,000 ' 

22,438 
6,998,562 

6,912,000 

17,482 

6,894,518 

6,827,000 

15,424 

6,811,576 

6,616,000 I 

15,171 
6,600,829 j 

6,488,000 I 

14,460 I 

6,473,540 i 

6,385,000 I 
17,909 



$495,719,806 

15,600,967 

480,028,849 

503,971,305 

17,222,611 

486,748,884 

512,220,367 

20,100,441 

402,119,926 

516,352,240 

16,101,921 

500,250,319 

624,406,249 

12,194,986 

512,213,264 

533,329,258 

12,088,486 

621,240,773 

640,914,347 

13,740,872 

627,173,475 

643,230,080 

18,740,257 

524,480,823 

650,803,896 

13,688,277 

637,216,618 

654,666,967 

13,68^751 

541,077,216 

556,646,282 

11,880,323 

544,766,969 

569,129,660 

13,860,358 

645,260,302 

561,112,360 

13,111,122 

648,001,238 

661,481,046 

12,963,607 

548,497,538 

560,852,303 

10,666,637 

569,296,666 

673,903,108 

9,756,104 

564,148,004 

683,171,<«6 

8,649,611 

574,622,374 

503,380,649 

9,916,945 

683,463,004 

600,102,469 

11,106,884 

585,066,586 

69(i,197,609 

17,950,002 

678,246,907 



596,343,022 
13,684,«» V 



Total. 



1861,813,822 

30,092,258 

821,721,564 

859,817,411 

32,513,177 

827,304,234 

867,886,383 

33,306,093 

834,679,290 

871,828,266 

26,474,158 

845,364,103 

879,710,265 

18,796,143 

860,916,122 

888,488,274 

15,616,229 

872,873,045 

895,926,363 

17,214,913 

878,710,450 

897,997,096 

27,766,713 

870,240,383 

906,453,911 

24,238,961 

881,214,950 

909,141,983 

22,772,591 

886,369,393 

910,968,296 

21,461,979 

880,536,319 

013,314,676 

25,024,263 

888,290,413 

916,179,376 
23,900,596 
801,278,778 

915,391,061 
23,222,136 
892,171,926 

923,602,310 

18,626,665 

906,136,764 

927,606,124 
13,599,060 
914,006,104 

9:iC, 705,001 

10,8.'n,960 

926,933,041 

940,888,565 

13,.M5.S,063 

93.3,535,602 

949,459,486 

15,893,718 

933,505,767 

949,366,686 

26,080,414 

923,280,171 

949,409,038 



220 



BEPORT ON THE FINANCES. 



Mo. 25.— Unitbd States Notes, Treasury Notes, and National-Bank Notes 
Outstanding, in the Treasury, and in Cibgulation at the End of each Month» 
FROM January, 1902 — Continued. 



Month. 



United 



Treajitiiy 
ngtei. 



NAtltKOal- 



ToUL 



In tbe Ttmstuy. . 
In c^icuia.ti«n. , . , 

April: 

OutHtftndln^. . , , ^ 
In the TitMOiy, - 
la clrctiLatlon, . . . 

M»j: 

OutstandiB^.,... 
In the Treasury.* 
lacLrcuhLtJon 

June: 

In Ihp Trottiury^, 

ladfeuUtlan.. .. 
July: 

OntBtAndlpg. 

In the TnianiT)' . . 

IncLn^ulation,^*^ 
Augusts 

OatAtan^Lqg;, . . ^ . 

In the Tmasury^- 

Incirciiliitton-^.. 
Boptemb^ft 

OiJt-»tanding«,... 

In thf^ Tit^asufy.. 

Indmiiatian.^,, 
October: 

Outstanding..*.., 

In the Tmiisury . . . 

In dmileCion^.^H- 
NoveTnbOf: 

Outstfuidlng. , , . . , 

In liie Tr^ftAury.,. 

In cineulatton..... 
December:: 

OiJL<;tandin|; 

In the TT^as(By.„ 

Id clrciilatiiJU..,,. 
l90§^aQuary: 

Outst^Qdlni; 

In the Treasury.,. 

In drrulatSon 

Fijbruary: 

Outstucidfni; .. 

In the Treasury... 

In circulation.,,,. 
U&rch: 

OtiestondinR. 

In the Treasury... 

In circulation . . , _ 
April: 

Oulstondlng 

In the Tfftaatiry, . . 

La eJnmJatlen . . . . . 

OuUt«naitig...... 

In the Traaauiy... 

tn c-fi^ulAttoa 

JUEie: 

OtimJMjdlne 

In the Treasury,,. 

In cifculatlDQ 

July: 

Ouuiandlivg. . . . , , 

In thw Trearary. . . 

IncJrrulatlon . 

August: 

Outstanding...,,. 

In (he Tfpajiury... 

In ctntjlution 

Beptemben 

OutatnuJinK 

lathe TreoauTj,.. 

ladKuktloti.,... 



3il,7id,454 

4,701,774 
Ul,§70,243 

MB, 681, me 

343,10a,i^ 

34G.6S1,01G 

1,410,901 

342,27O,0i&S 

34a,fi«i,m6 

5,57ejM0 
341,104,470 

34ff,66l,0t6 
4,179,214 

^, SOI ,772 

S4e,fi8t,016 

3,S55,391 

34a,l2&,02S 

34fi,6SU016 

3,4@Q,^ 

343,2HIfi3 

346,6B1,016 

344,6e3,fifi7 

34A,6St,0ia 

1^406, a»4 

34S, 275^422 

34a, est. 016 

7,509,381 

SlSptWl^OlG 

ft,(527>701 

337,053,315 

34a,e«l,0lG 

ltJG7,707 

333^ M3, 300 

34a,5Sl,0iet 

I0,449p437 

336,331,679 

34fi,6ft1,0l6 

U> 488,743 

m&, 192,^4 

3411,681,016 

7.2S4,ee4 

33l»,3K,32? 

340,081,010 
5.S4&,e34 

241,035,382 

34a,e8I,01Q . 
6,3W^0|IO , 
34J,311,«2e 

340,681^018 

fi.4fi0.5Sl 

311,1110.405 



tOpl^.OOD 

10,250 

3,271,741 

e,lS2,€0[} 

13,242 

e, 163,75a 

0,07S,0D0 

11,2^ 

0,000, 7B0 

5,9S8,00Q 

12,4115 

5,075,63S 

5,801,000 

0,9S0 

5,8Sl,€iQ 

5,7S7,00a 

0,030 

fip777,Ml 

5,707,000 

0,(^ 

5,700,343 

5,013,000 

11.074 

5,001,020 

5,540.000 

S,933 

5,537,097 

5,479,000 
9,044 

5,4flO,WSO 

5, 400, OCX) 

7,510 

5,3B!2,434 

5,5i«,oao 

10,400 
5,308,501 

5,240,000 

14.2S0 

5^235,744 

5,1^,000 

12,735 

5,130,205 

5,070,000 

10,101 

5,C»53,a90 



J 



4,003,000 I 
IS, 170 I 

4,003,530 

4,903,000 

13.211 

4,88ft,7» 

4,847,000, 

9,582 
4,837,418 

4,707,000 

16J91 

4,750,300 



0507,212,003 

10,3SS,430 

560,g23jfi43 

000,91 3, aio 

n,5l0p201 

518,307,540 

001 I 040,550 
11,010,343 
500,0(^,208 

003,718,000 

14,546,005 

5^,242,125 

603 ,305,880 

16,870,082 

566,519,304 

0O4,0i56|S21 
17,135,485 

58fi,«ao,830 

603,087,! 14 

]0,7U,5<'5 

584,275,549 

609,980,466 

14.E^,60O 

505,123,866 

650,21^,190 

7,323.070 

64g,S05.]17 

600,130,895 

11.000.231 

679.034,064 

605,4(S,703 
30,401,444 
605,001.318 

609^074,519 
30,1l55vl56 

664,710,303 

600.407,355 

40,581,501 

655^ 825, 7M 

00(7,045,008 

40,767,343 
647,878.355 

068,440,517 

60.907,318 
037,4^,190 

009,333,917 

60,005,237 
031.048,6§0 

012,068,991 

64,772.333 

627,316,050 

085,326,100 
fi4,(n2.30O 

030,033,800 

675,012,327 
30,820,283 
035,783,09 



9050,1 75, 0F79 

15,333,341 

934,^1,838 

952,776,850 

16,231, 3(;7 

006,545,049 

054,600,566 

I5,5Q2,3£5 
939,197,181 

Me, 157,705 

18,060,991 

037,487,715 

055,007,903 

22,463,173 
033,004,724 

fl50,S£4j3S7 
3l,m,T0i 



055,375,1311 
23. 273, COO 
033,101,523 

062,274.483 

18,294.537 

943,979,045 

1,000,445,213 

9.330,071 

900,115,141 

1,042,290.911 

12.511,790 
1,020,779,143 

1,047,483,771 
37.018,321 

1,009,505^457 

1,047,674,535 

40.503,355 

1,007,081,179 

1,048,^,371 
53,703,534 
094,504,047 

l,0fi»,47B,7l4 
00,230515 
9»,340,lflt 

1,050, aoa,ss> 

13,503,101 

977,^0,373 

1,040,090,933 
73,088,401 

070,000,533 

1,043,673,007 

7o,«i,in 

073,241,830 

1,030,854,124 

00,O7Q,ii0 

970, 783, IH 

1,027,060,341 

^.339,030 

901,734,313 



TBEASTTBEB. 



221 



Mo. 36. — GrOLD Certificates and Silver Certificates Outstanding, in thb 
Treasury, and in Circulation at the End of each Month, from January, 1902. 




Outstanding. 

In Qirculatioa 

Fflbmaiy: 

OutRi&tsdltig 

In ttw Trcaaury,. 
Itidrcuiation.... 

In tho Treasury,. 

Inclrcuiatiou.,.. 
April: 

OntEiUiriihnp. . . 

IntheTreasuxy.. 

In circulation 

ICay: 

Outatanding 

IntheTroasuiy.. 

Indrcuiation.... 
Jone: 

Outstanding 

In the Treasury.. 

Indrcuiation 

July: 

Outstanding 

In the Treasury.. 

In circulation 

August: 

Outstanding 

In the Treasury.. 

In circulation 

fieptember: 



$453,069,000 

10,077,620 

443,011,480 

450,471,000 

6,673,704 

443,707,296 

454,255,000 

6,672,408 

447,582,692 

455,944,000 

6,820,496 

440,123,604 

455,607,000 

7,057,584 

447,949,416 

453,997,000 

7,439.338 

446,557,662 

456,217,000 

8,771,458 

447,445,542 

458,785,000 

6,427,977 

452,357,023 

465,752,000 

6,180,622 

459,571,478 

467,442,000 

4,271.562 

463,170,438 

467,824,000 

4,519,160 

463,304,840 

468,957,000 

5,380.368 

463,570,632 

465,297,000 

8,440,401 

456,856,599 

463,431,000 

6,270,417 

457,154,583 

466,498,000 

4,910,447 

461,587,553 

464,373,000 

5,129,354 

459,243,646 

462,550,000 

5,903,260 

450,586,731 

464,700,000 

9,972,987 

454,733,013 

463,614,000 

8,720,008 

454,893,932 

'Outstanding 416.385,869 • 462,384,000 

In the Treasury 22,229,950 6,4r>5.016 

Indroolation 394,155,919 ■ 455,928,384 



In tbei Trt'*Biiry.. 

In circuiAtloD 

©ctobert 

Outstanding 

In the T[t^aaury.« 
In circiiiatlon 

Ouutanding...,. 
In tbe Trtasuiy,. 

Xnolrcuiation 

Decembers 

In tha Treasury,. 

In circulation 

UNS-^anuaiy: 

Out s Landing. « * . ■ 

In th« TroanUT;. 

InclrcuIttUoD.... 
February' 

Outstanding..... 

Inthfl Tre*iaury-. 

IndrvidatloB.... 
iCarch: 

OutBtajadietg..... 

In the Tn^jiaiiry. . 

Indrcuiation.... 
April: 

Outstanding 

In the Treasury.. 

Indrcuution 

lUy: 

Outstanding 

In the Treasury. . 

Indrcuiation 

Jane: 

Outstanding 

In the Treasury.. 

Indrcuiation 

July: 

Outstanding 

In the Treasury.. 

Indrcuiation 



S325,722,080 

18,217,250 

307,604,839 

330,258,069 
24,502,390 
305,755,699 

334,581,089 
36,093,110 
298,487,979 

341,620,089 
38,345,600 
303,274,489 

345,272,069 
39,129,220 
306,142,869 

346,612,089 

40,213,080 

306,399,009 



42,221,070 
314,764,019 

359,390,069 
52,745,160 
300,644,939 

363,311,089 
58,929,035 
304,382,064 

367,078,609 
24,322,375 
342,756,194 

376,368,609 
30,406,645 i 
345,952,024 I 

383,564,069 ' 
37,145,250 
346,418,819 

308,621,069 
22,580,255 
376,034,814 

399,062,069 I 
25,930,025 i 
373,132,044 , 

402,008,069 I 
39,083,070 
362,924,999 

410,257,860 
28.026,410 
381,031,459 

411,199,860 
29,945,380 
381,254,489 

409,119,869 
31,801.310 . 
377,2.58,559 | 

412,087,869 ! 
25,718,470 
386,309,399 



1778,811,060 
28,294,770 
750,516,310 

780,729,060 
31,176,004 
749,552,996 

788,836,060 

42,765,618 

746,070,571 

797,564,080 

45, 166,096 

752,307,993 

800,879,060 
46,786,804 
764,092,285 

800,609,080 
47,652,418 
752,966,671 

813,202,080 
60,992,528 
762,209,661 

818,175,069 
69,173,127 
760,001,962 

829,063,060 
66,109,557 
763,963,633 

834,620,669 

28,593,937 

805,926,032 

844,182,660 
34,925,705 
809,256,864 

852,521,060 

42,531,618 

809,989,451 

863,918,060 
31,020,656 
832,891,413 

862,403,060 
32,20(i.442 
830,280,027 

868,506,060 

43,993,517 

824,512,552 

874,630,869 
33,755,764 
840,875,105 

873,749,860 
:i5,908.640 
837,841,229 

873.825.809 

41.S34.297 

831.991,572 

875.701,800 
34.438.6r>8 
841, 203. .'{.SI 

878. TtiO. 8(59 

2S. 085. 506 

850,084,303 



922 



REPORT ON THE FINANCES. 



Mo* 36* — Gold Gbbtificatbs and Silver Certificatbs Outstanding, in thx 
Treasury, and in Circulation at the End of each Month, from Januabt, 
1902— Continued. 



Month. 



Gold 
I certificates. 



lf)03^-8eptembc r: 

Qut^tundlng 

In the Treasury^, 

• In dnoulation 

October: 

Out^tiindin^ . . . . . 

to the Tnjadury.. 

Inclncuiatioti 

'November: 

Oiitstimding,,.,. 

In the Treasmy.. 

ItielPcal&tion.,,. 
December: 

OatJttMOdiiig,.,,. 

lu the Treiisury.. 

In circulation,*,. 
1004— January: 

Outstanding 

In the Treasury.. 

In circulation 

February: 

Outstanding 

In the Treasury.. 

.In circulation 

March: 

Outstanding 

In the Treasury.. 

In circulation 

April: 

Outstanding 

In the Treasury.. 

In circulation — 
May: 

Outstanding 

In the Treasury.. 

In circulation — 
June: 

Outstanding 

In the Treasury.. 

In circulation 

July: 

Outstanding 

In the Treasury.. 

In circulation 

August: 

Outstanding 

In the Treasury.. 

In circulation 

September: 

Outstanding 

In the Treasury.. 

In circulation 

October: 

Outstanding 

In the Treasury.. 

In circulation — 
November: 

Outstanding 

In the Treasury.. 

In circulation 

December: 

Outstandhig 

In the Treasury., 

In circulation 

1006— January: 

Outstanding 

In the Treasury.. 

In circulation 

February: 

Outstanding 

In the Treasury.. 

In circulation 

March: 

Outstanding 

In the Treasury.. 

In circulation 

April: 

Outstanding 

In the Treasury.. 

In circulation 

May: 

OiTttftandfng 

In the TnMory,. 
In ditmlAtloD 



1420,487,860 
26,390,210 
304,007,650 

433,106,860 
31,552,570 
401,64(^200 

441,730,860 
37,668,040 
404,070,020 

447,175,860 
26,005,850 
421,060,010 

4o/ , vvl, ouv 

18,376,260 
460,573,600 

477,003,860 

15,696,800 

462,206,079 

467,660,860 

18,311,300 

440,340,560 

403,457,860 
20,500,800 
403,048,060 

480,074,860 
39,340,040 
450,633,020 

404,630,560 
28,075,470 
465,655,000 

521,430,060 
20,566,840 
500,864,120 

527,336,069 
23,617,510 
503,719,450 

528,401,060 
41,070,830 
486,512,130 

531,470,060 

41,286,210 

490,193,750 

530,780,060 
60,678,500 
470,102,460 

524,684,060 
57,045,280 
466,730,680 

525,050,060 
35,525,600 
490,434,360 

521,140,060 
38,503,150 
482,556,810 

518,186,060 
45,870,660 
472,316,310 

510,204,060 
32,062,750 
487,142,210 

510,762,060 
%,8.Sl»970 



Silver 
certificates. 



Total. 



$464,715,000 

6,102,784 

458,522,216 

460,771,000 

7,407,061 

462,363,030 

473,041,000 

6,530,018 

466,501,062 

472,247,000 

6,410,710 

465,836,200 

464,261,000 

8,325,172 

455,035,828 

460,042,000 

7,840,808 

462,101,102 

473,065,000 I 

7,032,021 I 

466,052,070 j 

472,555,000 

6,475,016 

466,070,064 



S885,2Q2,80» 
32,582,904 
852,619,876 

902,960,869 

38,060,631 

864,009,33a 

914,780,869 

44,206,86a 

870,572,011 

919,422,809 

32,506,600 

886,916,809 

952,^0,869 
.26,701,432 
926,509,487 

947,845,809 
23,537,78a 
024,306,081 

940,746,809 
25,344,221 
015,401,6tt 

066,012,800 

35,066,na 

930,027,16a 



471,662,000 961,636,869 

7,505,174, 46,846, U4 

464,156,826 914,700,766 



470,476,000 

0,337,302 

461,138,606 

469,645,000 

10,123,000 

469,521,910 • 

468,320,000 

6,806,840 

461,520,160 

474,322,000 

6,182,124 

468,130,876 

478,464,000 

6,750,168 

4?2,713,832 

477,320,000 

5,735,566 

471,584,444 

477,102,000 

0,064,773 

468,017,227 

474,225,000 

13,074,054 

460,250,046 

460,655,000 

7,803,101 

461,761,800 

^8,314,000 

5,883.424 

462,430,576 

460,340,000 

6,502,487 

462,846,513 

466,150,000 
6,687,897 



065,100,609 

36,312,772 

920,793,707 

991,076,969 

30,669,939 

960,386,039 

996,666,969 

30,426,360 

966,239,619 

1,002,813,969 

48,161,954 

964,662,016 

1,009,943,969 

47,036,376 

962,907,691 

1,006,100,969 

66,414,066 

941,680,913^ 

1,001,786,969 

67,030,063- 

934,766,916 

1,000,184,909 

40,600,664 

960,684,416 

990,804,909 

46,486,261 

944,818,718 

986,600,909 

61,764,074 

934,746,896 

988,668,909 

36,666,287 

9«, 986 783 

966,913,909 

43.6a9t8l7 

%«l,m,10i 



TREASURER. 



228 



NOm d6« — Gold Certificates and Silveb Certificates Outstanding, in the 
Treasury, and in Circulation at the End of each Month, from January, 
1902— Continued. 



Month. 



ISOfr-Jime: 

Outstanding 

In the Treasury. 
In circulation. . . 

July; 

O utatandiiig 

In thp Treaauf r. 
In cJjcuUUon, ., 

AogUjit: 

Outstiindliig, , , 
In thi? TreaBury. 
In circulation. .. 

Outstanding.... 
In the Trt^aiify. 
In circulation... 

October: 

Outstftndlng. ... 
In the TreMiaury, 
In circulation . . 

NOTcmber: 

OQt standing. . , . 
In the TreaBury- 
In clrcul4itloa. . , 

DeCRmJjer: 

Outstanding 

In th^ Troftsiiry. 
In ojrculatloti.., 
19O0^^&nue.rT: 

Outstanding,.. , 
In the Tfeasdry. 
In ciit^ulation... 

fiebruary: 

Outstanding 

In the Treasury. 
In circulation... 

liaich: 

Outstanding 

In the Treasury. 
In circulation... 

Aprfl: 

Outstanding 

In the Treasury. 
In circulation... 

lUy: 

Outstanding 

In the Treasury. 
In circulation... 
Be: 

Outstanding 

In the Treasury. 
In circulation... 

July: 

Outstanding 

In the Treasury. 
In circulation... 

August: 

Outstanding 

In the Treasury. 
In circulation... 

8ei»tember: 

Outstanding 

In the Treasury. 
In circulation... 

October: 

Outstanding 

In the Treasury, 
In circulation... 

November: 

Outstanding 

In the Treasury 
Indioulation... 

Deoember: 

Outstanding 

InXhe Treasury. 

• Indiculation... 
1907— Jannarr: 

Outstanding 

In the Treasury 
In circulation... 



Gold 
certificates. 



1517,789,960 
32,579,220 
485,210,749 

518,411,909 
24,974,090 
493,437,879 

522,202,909 
30,867,730 
491,335,239 

520,047,909 
48,451,990 
471,595,979 

524,455,969 
44,490,530 
479,965,439 

526,020,860 
48,866,620 
477,154,249 

527,493,860 
46,554,850 
480,939,019 

539,252,860' 
30,663,230 
508,569,639 

542,360,860 
50,627,550 
491,733,319 

544,746,860 
54,916,250 
489,830,619 

550,691,860 

49,995,480 

500,096,389 

557,599,809 

43,796,080 

513,803,780 

560,059,860 

43,498,020 

516,561,849 

563,964,809 
34,671,490 
529,313,379 

569,739,809 

49,773,980 

519,965,889 

561,740,869 I 
30,882,940 
541,857,929 

619,617,869 
43,650,450 
575,058,419 ; 

628,059,809 i 
55,087,750 I 
572,972,119 , 

639,114,809 

58,719,670 

580,395,199 

652,570,809 
35.006,180 
617,&&4,08d 



SUver 
certificates. 



1465,265,000 

10,400,292 

454,864,708 

466,150,000 

7,631,049 

458,518,951 

471,735,000 

7,395,959 

464,339,041 

475,017,000 

5,043,603 

409,973,307 

476,306,000 

4,682,224 

471,625,776 

475,735,000 

4,770,752 

470,964,248 

476,574,000 

11,613,515 

463,960,485 

467,926,000 

8,906,866 

459,019,134 

467,164,000 

4,411,037 

462,752,963 

469,729,000 

4,018,305 

466,110,605 

472,644,000 

5,069,630 

467,574,470 

474,640,000 

4,976,414 

409,663,586 

477,473,000 

5,952,940 

471,520,054 



Total. 



1963,054,960 

42,979,612 

940,075,457 

964,561,969 

32,605,139 

951,956,830 

903,937,960 
38,263,680 
955,074,280 

995,064,909 

53,405,663 

941,560,286 

1,000,763,969 

49,172,754 

951,591,215 

1,001, 755,86» 

53,637,372 

946,118,497 

1,003,067,860 
58,168,366 
v44,o9v,d04 

1,007,178,869 

39,590,096 

967,588,673 

1,009,524,860 
55,038,587 
954,486,282 

1,014,475,860 

59,534,555 

954,941,314 

1,023,335,809 

55,065,010 

968,270,850 

1,032,239,809 

48,772,494 

983,467,375 

1,037,632,86» 

49,450,966 

988,061,903 



477,637,000 1,041,621,869 

6,844,312 41,515,802 

470,792,688 1,000,106,067 

481,392,000 I 1,051,131,860 

8,099,009 57,872,989 

473,292,991 ! 993,258,880 

478,562,000 i 1,060.302.869 

4,223,000 ' 44,106,630 

474,338,310 1,016,196,239 

477,368,000 j 1,096,985,869 

3,948,551 ' 47,608,001 

473, 419, 449 1, 049, 377, 868 

477.203,000 1,105,262,869 

7,084,417 62,172,167 

470,118,583 ; 1,043,090,702 

476,256,000 1,115,370,860 

8,438.975 67,158,646 

467,817,025 1,048,212,224 

475,642,000 , 1,128.212,869 

12,705,%VV <l,-\\\,^\ 



224 



REPORT ON THE FINANCES. 



Mo. 36* — Gold Oertificatbsi and Silver Certificates Outstakdino, in thb 
Treasury, and in Circulation at the End of each Month, from January, 
1902— Continued. 



Month. 



1907— February: ' 

Outstanding 

In the I'reasury. 
Iiiclrciulfltlcni,... 

OutsuiidJiig- — 

In the Tneaauo'. 

IneirciUatlon.... 
April: 

Outstanding 

In the Treasury. 

In circulation 

May: 

Outstanding 

In the Treasury. 

In circulation 

June: 

OiitfltandJiig 

In thB Treasury. 

la cirouiiULoii , . . . 
July: 

Outstanding. 

In the Tneasiiry. 

In ciruul^tion.... 
August: 

OutsUinding,.... 

Ill the Treasury. 

In ein^uJutloa 

SepUimlJcr: 

Outstj^j Tiding..... 

Iti thr- TtTjiatjry. 

In circulation 

October: 

Outstanding 

In the Treasury . . 

In circulation 

November: 

Outstanding 

In the Treasury.. 

In ciri'ulatlon 

December: 

Outstanding 

In the Treasury.. 

In circulation 

1908 — January: 

Outstanding 

In the Treasury.. 

In circulation 

February: 

Outstanding 

In the Treasury.. 

In circulation 

March: 

Outstanding 

In the Treasury.. 

In circulation 

April: 

Outstanding 

In the Treasury.. 

In circulation 

May: 

Outstanding 

In the Treasury.. 

In circulation 

June: 

Outstanding 

In the Treasury.. 

In circulation 

July: 

Outstanding 

In the Treasury.. 

In circulation 

August: 

Outstanding 

In the Treasury.. 

In circulation 

September: 

Outstanding 

In the Treasury.. 

In circulation 



Gold 
oertiiicates. 



$646, 062,809 

44,623,470 

G01,45V,309 

052,101,809 

42,018,300 

610,173,479 

672,336,809 

41.065,030 

630,371,839 

681,249,809 

50,614.4()0 

630,635,409 

078.424,860 

78,352,570 

600,072,299 

004,930,800 
80,460,480 
014,461,380 

710.938.800 
&'f.033,200 
627,905,600 

720,880.809 
80,685.260 
040,204,600 

748,637.860 

71.341,960 

677,295,909 

747,218,869 

71,582,660 

675,036,209 

767,005.869 
60,393,520 
706,612,349 

810,215,869 

40,586,510 

709,029,350 

830,046,809 
38,384,970 
791.661.809 

835.010.869 
20.070,040 
808,340,829 

846,910,869 
29.584,390 
817,326,479 

825,730.869 

42.022,380 

783,708,489 

822,923.869 

39.047.250 

782.976,619 

818.758.869 
34.485,2C0 
784,273,609 

837,564,869 
30,911,7C0 
806,653,109 

842.045.869 

36.378.1C5 

805,667,704 



SUver 
oertificates. I 



TotaL 



$471,993,000 

7,370.511 

464,622,489 

471,673,000 

4,710,967 

466,962,033 

476,150,000 

6,320,837 

460,829,163 

475.734,000 

6,274.748 

470,450,252 

475,777,000 

6,565,775 

470,211,225 

474,068,000 

10,251,563 

463,816,437 

472.011,000 

11,505,829 

460,505,171 : 

473,723,000 
12,875,749 
400,847,251 

471,527,000 

7,177,432 

464,349,568 

471,687,000 

2,733,880 

468,963,120 

471,416,000 

3,684,653 

467,731,347 

464.704,000 

11.290, SCO 

453,413,640 

457,044,000 
10,852,631 
446,191,309 

452,048,000 
13,866.783 
438,181,217 

463,778.000 
17,520.019 
446,257,981 

474.054,000 ' 
17,385.516 ! 
456,668,484 

474.350,000 

9,071,2aS ' 
465,278,705 j 

484,054,000 

9,363,038 

474,690,962 

487,768.000 
12,684,277 
475,063.723 

488,206,000 
13.364,058 
475,843,042 



$1,118,076,800 
i 51,903,061 
I 1,066,061,888 

! 1,123,864.860 

46.?i9.357 

I 1,077,136,512 

! 1,146,486.800 

46,285.867 

1,100,201,002 

I 1,156.963.860 
. 66,889.206 
I 1,101,004,661 

! 1,154,201,800 

83,918.345 

1,070,263,624 

1,166,996,860 

90,721,043 

1,079,277,826 

1,182,940,860 

94,530.060 

1,066,410,780 

1,194,612,800 

03,561,000 

1,101,061,800 

I 1,220,164.800 

' 78,510,303 

1, 141,645, 4n 

1,218, 905, SCO 

74,316,540 

1,144,580,320 

1,238,421,800 

64,078,178 

1,174.343,606 

1,274,919.800 

51,876,870 

1,223,042,900 

1,287,000.800 

49,237,601 

I 1,237,853,208 

' 1,287,056.800 

40,536,823 

1,246,522,046 

: 1,310,686.800 

47,104.400 

1,203,684.400 

1,209. 784. SrO 

59,407.8::6 

1.240,376.973 

1,297,273.800 

40.018.545 

1,248,256,324 

! 1,302.612.809 

43.848.298 

1.256,064,671 

1,826.332,800 

43.506,037 

1.281,796, 6» 

1,830.263.8(9 

48,742.161 

1,281,611. ?Dt 



TREASURER.' 



225 



No* 97. — ^EsTiKATED Stock op all Kinds op Money at the End of each Month 

FROM Januaby, 1902. 
[Notes include United States notes, Troasuxy notes, and natk>nal-bank notes.] 



Month, 



Hueb. 

is?:-.: 



Amgi»t. 



obsf 

Dwenjber.. 

February. , 
Hardb 

is".:-.:::: 

June.. 

Jal3f .. 

Aiigiivt 

September. 

OttfobsT 

NovembHT. . 

Deounber., 

IWH— Janiwry.,.. 

Febrtmy. . 

JUDB 

Jifly 

Aogiisi 

fieptember. 

Ootpbef 

Novemlfer- . 

Dnember.. 

Ifl06— JuiiMry...- 

February.. 

^^■■■■:: 

Jinn,,...., 

July 

Ausuit 

flaptember. 
O&bir.... 
NoTember.. 
Deonnbor.. 
ItOO-nlannary.... 
Febnury. . 

AJ 



Golil. 



is?*:: 



June 
Jiily 



Nkkwnlber. 



IWiTWiiiuary,, 
P»bru«y. 

Juna 

JdLy,,.,... 
Awmt.... 



Kuveuiber. 



190S-^anuii7.. 
Aj 



^:: 



JmsB,... 
jQly..... 
Aocuft.. 



IM8U 279.087 
1,17^,031,49(3 
ia7SrM0r790 
14S3,6&3,727 
1,I»4,58§,S»» 

1,193,025,467 
1,203,511,751 
1,2U,234,S85 
1,230,072,772 
1.242,330,766 
l,a4fl,S76,7U 
1,3S2, 842,475 
1,25S,M0,4B1 

U2eij43,aoi 

U2lfT,303,5:9 
1,201,445,124 
1.24S,6ftl,£2a 
1,255, 749, OfiB 
1,307,733,94ft 
1,277,3^,051 
1,382,391,903 
1,20^,107,730 
l,3l4,Ci22,&24 
1,320,841,555 
1,3:17,357,717 
1,348,903,070 
1,351,964,577 
1,313, 120, H08 
l,337.ti5tJ,308 
1,342.422,740 
l,3^,8eti,555 
1,351,455,908 
l,3t^.047,O81 
1,351,415,033 
1,345,9152,535 
1,341,20(1,452 
1,331J6&,720 
1 ,338,274,540 
1,343,807,159 
1,352,003,028 
1,357,055,968 
1 ,308,'^, 343 
1,379,804,314 
1,387,267,1^ 
1,404,086,516 
1,411,777,450 
M19,943,124 
l,423,23(f,213 
1,417,007,439 
1,418,202,210 
1,433,450,570 
1.466,921,374 
1,475,706,765 
t,495,606,4»4 
1,507,503,849 
1,539,840,77S 
1,566,019,131 
1,570,»8,912 
1,587,018,385 
1,598,110,107 
1,004,972,437 
1,611,373,750 
1,017.893,741 
1,019, l3iQ,B9l 
1,466,389,101 
1,474,108,738 
U472,5«3,32S 
1, 483, 909, no 
1,480,742,845 
1,561,714,719 
1,004,530,493 
1,028,000,555 
1,035,B48,4T4 
1,042,565,014 
1,039,207,384 
1,616,013,933 
1,018,133,492 
1,630,299,889 
1,641,558,948 
1,643,631,386 



BJlter, 



8025, 2XM, 643 
S27,4G«.448 
039,631,249 
632,800,909 
634,117.278 
637,318,902 
038,908,206 
640,139,750 
041,340,430 
614,337,145 
640,038,008 
640,868,043 
050,109,072 
651,298,746 
662,401,435 
653,409,009 
664,379,533 
656,434,793 
057,107,603 
657,720,722 
658,712,348 
659,122,110 
650,976,050 
660,77^.768 
061,352,576 
064,102,385 
004,193,306 
066,352,280 
000,037,340 
066,903,626 
006,747,003 
007,953,902 
000,151,342 
009,670,333 
070,129,299 
070,060,402 
670,985,203 
^1,556,751 
071,891,899 
072,391,400 
672,650,023 
073,040,654 
073,547,153 
<j73, 704,388 
074,680,087 
075,lfi2,Q70 
070,130,418 
076,889,720 
677,254,246 
6n,42S,S21 
077,198,447 
077,487,639 
677,665,057 
679,090,450 
678,821,320 
679,930,330 
^1,286,650 
685,124,829 
687,579.312 
689,476,^8 
689,238,008 
OOD,000,9n 
000,404,683 
691,839,019 
ii92,9£2,548 
602,714,300 
603,197,007 
603,909,CXe 
695,343,609 
6011,759,584 
098,905,127 
702,401,976 
704,367,775 
706,395, f(05 
707,490,445 
707,906,964 
700,718,345 
710,633.595 
710,3ri3,-67 
711,193,819 
709,364,072 



Notes. 



1743,658,031 
740,461,883 
738,120,423 
736,300,415 
734,735,200 
733,363,107 
734,438,200 
nS, 664, 707 
740,510,014 
762,053,350 
750,589,530 
755,063,800 
753,007,502 
751,711,861 
750,701,274 
758,627,744 
773,137,221 
779,594,006 
782,583,503 
783,238,091 
784,605,551 
783,165,099 
784,215,905 
787,750,034 
738,800,643 
791,851,320 
795,962,958 
707,748,589 
aOU, 142,681 
8(^,894,111 
809,540,904 
811,422,780 
814,726,424 
815,575,510 
818,091,091 
822,«4,1T2 
824.805,800 
82ei,214,856 
833,740,961 
837,700,901 
844,026,632 
851,813,822 
850,817,411 
867,885,383 
871,838,250 
879,710,205 
888,488,374 
895,925,303 
807,997,096 
905,453,911 
000,141,983 
910,988,296 
913,314,070 
915,179,376 
915,394,061 
923 t 602 ,319 
927,605,124 
930,705,001 
940,888,565 
949,459.485 
949,366,585 
949^409,038 
950,175,079 
932,776,856 
954,699,566 
956,457,700 
955,967,902 
950,^4,337 
956,375,130 
902,274,482 
1,003,445,213 
1,042,290,911 
1,047,483,778 
1,047,074,535 
1,048,328,371 
1,049,478,714 
l,050,SW),S33 
1,D«,W0,9S3 
l,043,673,Ocr7 
1,036,854,124 
1,027,060,343 



AKgmgate, 



t2,550, 
2,5i^, 
2,546, 
2,652, 
2,553. 
2,563 
3,567 
2.579 
2,69r 
2,627 
2,645: 
2,051 
3,656, 
2,001 
3,664 
2,079, 
3,1 
2,084, 
3,605, 
2,708, 
3,720, 
3,724 
2,742, 
2,763, 
2,777, 
2,793 
2,806, 
2,8U, 
2,785, 
2,803, 
2,818, 
2,839, 
2,835, 
2,848, 
2,840, 
2|830, 
2,836, 
2,828, 
2,842, 
3,853, 
2,869, 
3,S83, 
2,901, 
2,031 
2,9:13, 
3,050, 
2,9Cn, 

3,o»e, 

2,098, 
3,099, 
3,004, 
3.021 
3,057, 
3,060, 
3,089, 

3,ni 

3,148, 
3,188, 
3,211 
3,225, 
3,336, 
3,244, 
3,251 
3,2112; 
3,20d. 
3,115 
3,123 
3,123, 
3,134, 
3,148, 
3, 21 JO, 
3,349, 
3,380, 
3,380, 
3.396, 
3,39i5 
3,372, 
3.378, 
3,384 

3,^L 

3,380, 



202,261 
959,824 
102,402 
862,141 
441,367 
300,658 
361,803 
.300,217 
094,935 
903,267 
568,304 
408,558 
569,100 
057,088 
845,910 
340,^33 
061,878 
710,987 
440,174 
O0G,OOS 
080,550 
570,721 
299,781 
152,321^ 
.054,774 
311,428 
960,136 
965,440 
300,789 
504,135 
-11,247 
373,316 
333,734 
302,930 
236,023 
103,169 
907,564 
037,327 
,907,406 
r079,520 
344,583 
109,864 
791,907 
394,085 
7M,271 
558,851 
403,143 
758,207 
47l,5aA 
890,171 
542,040 
Befi,507 
901,107 
970,591 
821,881 

732,553 
508,961 
,360,789 
954,768 
,730,700 
p382,436 
953,412 
£O0,OL6 
789,005 
561,607 
333,737 
060,073 
688,449 
770. 9U 
005,058 
233,380 
452,106 
918,614 
390,430 
653,il«2 
9.12.711 
7iA,iJ20 
33fi,2<3 

,005,801 



6871fr-Fi 1908 15 



226 



RKI'ORT ON THE FINAXCKS. 



Xo. 39.— Estimated Amount op all Kin'ds of Money ix Circulation at the 
End of each Month, from January. 1902. 



Month. 



liol'!. 



Sll\Tr. 



Not«s. 



Certiflcatos. 



Total. 



11*»)J -January 

Ft'bruary 

March 

April 

May 

Juno 

JiUy 

AuglLSt 

M>«^plomln'r 

»)cti>In^r 

NoViMWl.nT 

IK'OruiiK.T 

I'.tcj- January 

Ft.'l.»ruary .... 

March..*. 

April 

M!iy 

Juno 

July 

.Vugust 

Si^pttMnlxT. . . 

octolwr 

Novoinl>rr. . . 

l)«x?*'ml)or 

l'.»U4— J.muary 

Fi'lmiarv 

.Mart'h..' 

April 

.May 

Jurif 

July 

August 

Si'ptomlvr. . . 

<>ctolx?r 

XonthiImt. . . 

I)««onil>or- . . 
19o;> -January 

Ki'IiruaVv 

Marrh..' 

April 

.May 

Jum'«' 

July 

A!IgU>l 

Si^pti'iiil-r. . . 

OrtoU-r 

NovoinUT. . . 

I">it.TmUT. . . . 
liHHi -January 

Ki-bruarv. . . . 

.Maroh..". 

April 

May 

Jujii- 

Julv 

Viii:tist 

."^•pli'ml-T. . . 
<k»toI"»r 

NoVOImIw ; . . . 

Ditvmlw-r 

I0<»7 -January 

fVhrua'rv. . . . 
Man-h..'. ... 

April 

May 

Juiio 

July 

.Vugust 

Septpmlipr. .. 

October 

November 

December.... 

FiBbnwy 



^1 

I 
I 
I 



1034. 733. S47 
f>33.454.5S5 
<i35.194.7t)l 
(97. 43*2. 952 
«i31.Hai.i.27 
«i32.3a4.2S0 
ri31.1.V>.433 
(i32.2U9.118 
4i24.728.060 
(V24.373.(V45 
(•31.410.908 
(SJO.iiSO.fxtJ 
(529.023.915 
(i25.2tV2.(V55 
(t22.002..'»S 
(■C3.1.r.4»« 
« 12.3. 9S2. 009 
til 7. 200. 739 
(520.879.790 
(520.375. 159 
022.550.934 
«i>1.753,297 
027.02.'i.0'.»2 
O27.970..'i33 
(C7, 905,855 
•.3S. 909. 710 
(.50.924.710 
tO(i.l5t».41S 
<44.S94.r»48 
04.">.817..570 
(V44.112.tlSO 
•V40.(HV4.>>12 
(Kll.s44.iu3 
ir41.793.0l« 
(47.."iOO..->49 
(»49..>4S.52S 
(i49.527..J02 
(►45.751. 720 
(^4.72(i.544') 
(44.4-23.211 
0.')0.979.108 
0.M.0(i3..W» 

u'y>.«ii(>..W) 
(..'*:f.oo:).54S 

•■.■i2.3,W.135 
uil.«44.99H 
t49.04().:{90 
•■..>4. liis.OJo 
u>4.793.tV7 
(4S.s5(i.0o2 
(V43.9'«.307 
072."i24.404 
0'«.42(i.S7S 
ti«"iS. ("kV). 075 
(i75.979.001 
(i70. 179.,M4 
(»v4.20S.074 
fi\7.OSii.701 
('V.. 974. 422 

(Hl.i..VJ9.S41 
(■fl2.S95.S12 
(i90.439.279 
(Ul. 481. 460 
(Sli.I'iW.258 
5lil.(»7.371 
.V«, 096. 725 
500,356.094 
551,056, fl» 



55.138.712 , 
52.S20.313 i 
51,871.887 : 
52.257.929 • 
51.514.029 I 
54.408.577 ' 
55.12S.924 
58.399.9t.2 
(»4.94V».924 
69.410. 873 ■ 
1.783.775 
.2.061.003 , 
fiS.34«).2(^» ' 
07.141.507 i 
(iO. 702. 285 
(i0.29(i.044 
tV5.2S4.39S 
05.117.934 
(V4. 814. 734 
G5.S29.9f4 
■0.820.5S.T 
"5. 152. 197 
■7.930.7(iO 
79.204.575 
3.433.W5 
'l.SNi.5»i9 1 
t».79ti.973 
iiS.4»i3.291 , 
o7.184.S20 ' 
(V5.842.1Cd» ' 
u'i.l.'is.Oll ' 
07.502.4(il I 
■4.S40.207 ! 
79. Sol. 251 I 
<e.4a9.2('iO I 
82,930.722 i 
7.241.230 i 
4.544.004 ; 
73,5S0.94;J 
73.7ii9.4(.H> 
74.091.133 
7.7.022.043 
75.024.(o7 
7S.401.1«0 
84.970. S(i7 
SS.9s1.243 
[«.»2.Ur2.0i)7 ■ 
19,H.7'»5.5£«2 I 
SS. 007. 079 
S(i.74.'i.219 
91.200.775 
S9. 918. 721 
SS.490.4.>4 
SS. ••;«•. S72 
S9.(V1.7M 
[I»2.,'»S.141 
97.144.217 
2ai.SV).110 
20(".. 473.(^9 
201>.49S.773 
203.5S1.20:t 
203.090.890 
203.983.239 
203. 878. Oa*! 
203.810.409 
203.487.845 , 
208,5O4.2B5 
206^231,277 

WMk 9JJ 4Qg 



ri9..5«i2.s3i ; 

71S.141.3trfi ' 

718.910.138 I 

718.061.3(18 I 

71(1.917.434 ! 

709,571.014 

712.111.219 

715.321.903 

722.055.135 

730.394.842 

740.i'iS,551 

rjti.3tiy.815 

725.477.244 

731.305.451 ; 

73S.4'<0.7UJi 

744.050,111 , 

7S&.0r.7.l9S 

7,'53,a;2UflC4 

755.ft«^.i^ . 

7.iJ,0l2.7a2 

75S.(l9.r.7j t 

7-ri>. 4fV, |1@ii 

77:i.ri4U.5ifl 

772.254.4S0 I 

701. 130. IM ■ 

70>,377.,'S7 I 

7si>.5l.=>.sM 

777.1*05.273 

7n2, 4ir:.SS ■ 

779. f*l*.3lS 

77iiJ«l.sT3 

77s'^73.ftt;! 

Tim. M 2. 344 

7'.*s. 924. 721 ■ 

S02,L**l.fiW 

StL',3M.95& 

79,JJI99.070 
S<lLn.932.,WP 

^10. '227, 373 
S2L72l.fi'H 
K27,3tH.2:*4 
<{4./;79.2'A> 

V4191.M22 
i:j.s7J.04:> 
^7v7l0.4Ai 
^70.24O,3S« 
^^L214.1W 
sVH.a*V.Ml»2 
s^J. \ii\. 3l'i 

Kn.27S.77s 
*^f2,171.9rj*i 
'."1.M.10.:04 
914.ftlVlti4 
■iJ.'i.iW.tm ! 

uti.7;;iA.fiiT2 ' 

lti;L5rvl.707 

«*2«.032,li32 
fK\4.^1.g3S 
1i.1ii..'H5.5*l 
93ajft7.181 
0alT,4«7JU 
fQl,5M,7:M 



a, 101. 533 



6750.516.319 
749.532.905 • 
740,070,571 . 
752.397.993 i 
7^.092.285 i 
7a2.95fi.671 • 
7t^>,209,501 , 
759,001,902 I 
703.953,532 ' 
805. 9211.632 I 
809.250. 8t>4 - 
is09.9!«.451 
832.891.413 ' 
S30.28ii.627 
«i24,5l2.55a 
b4D,^5. 105 
S37.S4L2a3 
831.991. 572 
841.2*53.331 
S50.084.3QQ 
8^2.^0.875 
604.009.338 
870,572.011 
8SG. 910,300 
9-25.50^.437 
924.308.081 
D15,4Dl.f>48 
fl30,OLV.153 
914.7tM,75& 
9^;,79(3.:i?7 
lki0.38«^Q^ 
^W5. 239. 019 
f)t54.oa2.01S 
902.907.501 
941.t^i80.9l3 
934.75(1 91 1; 
9ja.(.^.4l5 
^44.318,718 
034.741^.8^ 

043.373.102 

010.075.457 

051.050.830 

055. 074. -iW 

041.5^i9.2Sii 

051.5&1.215 

0l8.nS,4S>7 

041, 899.504 

iHi7,588.773 

054,4S*-.2?t2 

0.^.041.314 

ItOS. 270. 8.50 

0S3. 407.375 

0?».OS1.9C13 

I. [100. too. 007 

99(3,25fi.ft« 

LOlO.10ti.230 

l,04»,3n.8a8 

l.(H3.C0O.7m 

1.048.212.224 

1.080,500-878 

1.0<16.08I.888 

1.077,135.512 

].100,!XIU002 

1. 101. €04. 061 

1»07S,337,8K 

1.101,061.8111 

i,Ni,«4£.4rr 




62.250.951.709 
2.253.9(«.259 
2.252.047.,^57 
2.20O.75t».242 
2. 254. 41.*;. 975 
2. 249. 390. .551 
2,2ti0.ti0(>. 137 
2. 2m. 932. 945 
2.275.t>80.(i51 
2.336.111.992 
2.352.710. 15S 
2.348.700.901 
2. 355. 738. 834 
2.3.13.990:330 
2.3j1.7.S7.0« 
2.3:4.353,7^20 
2. 3S2. 174.^25 
2.307.tW.l*« 
2.3S2.D16.40S 
2.38S.D02.178 
2.4O4.0ir.0t{l 
2. 427,304. MM 
2.44a, li>.41S 
2.*^;.3l5.vy7 
2.4S7.970.3OI 
2..=lO3.4Sl.^07 
2.510.113^,223 
2,532. iVI5.1»o 
2.500.27!*. 01 7 
2..-il0.l42.>4<J 
2.:>ft<. 5^1.503 
2.o56.27M.0^ 
2.5U2.14n.4N0 
J.5!a.i70.titil 
2.573.88ST3ti7 
2. 5I1D. 171.125 
2. 509.040. U)a 
2.5iC,014.7l2 
2,558.0[ri.9£3 
J. j78, OWi. lieti 
2. ."584. 070. 7 10 
i.587,SK!.G53 
2,ii04.9Q2.3Dl 
e.rjLOfie.Qjl 
2.ti,'4.33(1.30J 
2.ii53.13L.'j7s 
2.002.1:14.539 
2,on.&l3.57] 
2.4i8n.t£^.032 
2,o7l.30C.fiai 
2.C76.aOl,7M 
2.720,230.303 
2.743,0SI,130 
3,T3li,044V.n2M 
2.757.M9.43A 
2,7ii(;.013.239 
2.8l2.1».elM 
2.Sr!B.g*C.78i4 
2. 819.074. 2&I 

2. net, 000, sn 

2. 006. 90, «B 
2.082piaVQiS 
1.09ft.71O,5W 
3;7»,9»n,4ae 

2*7m,r^ - 



TBEASUBEB. 



227 



Mo. 99. — ^Assets of thb Tbeabvry other than Gold, Silver, Notes, and Cer- 
tificates AT THE End of each Month, from January, 1902. 



Hcmtb. 



IftnoTDoic 



Fraotionftl 
curreaoy. 



in oatlQiuJ 
batiks. 



Deposits in 

trciasiiry of 

PhiUpaine 

Iftljmcls. 



Boi\fla and 
paid. 



Total, 



7fle,aQ3 

962,316 
S7l,Sf7d 

1,QB6,25T 
019, «^ 
SIO,00$ 

1,010,576 
701,446 
73B,37« 
637,667 
6SG,7i3 
7fifi,6dO 
768,751 
060,342 

sis,2Ga 

619,706 
S64,S0D 
St1,fi83 
6gl,149 

106,043 
480,614 
4&4,fi73 
120,040 
6e§,Bti 
766,37^ 
91M,72g 
872,480 
811, 601^ 
756,791 
732,260 
666,313 
IM»,8B2 
033,336 
664,817 
636,709 

mt.mi 

306,860 

l,0lg,EO4 
813,238 

9(3ft,lM 
787,887 
621,910 
002,146 
534,5fl0 
248,405 
471,820 
606,21fi 
7M,470 
S&6,Q28 
760, 1«Z 
678,826 
1,300,686 
1,343,806 
067; 924 
673,132 

mlm 

406,608 

801 133 
1,066,121 

i;ofl3;i26 

893,730 
8,032; 713 
1,S34,?13 

1 G42,oas 

1,183^838 
M4;615 

1.5O0.I60 

1, 133,863 
1,150,306 

1,666, aff7 
1,005,907 
3,838,075 
3,m,683 
2.860,089 
3,164,307 
3,ar77,S4 
3,096.834 

2, mi. :m 



6116 

71 
155 
101 

96 
147 
144 
161 
141 
195 

08 
183 
IM 
202 
182 
226 
202 
941 
116 
2S8 

84 

im 
lis 

01 
118 
150 
178 
20U 
204 
200 
128 
195 
172 
100 
187 

95 
143 
187 
173 

72 
119 

99 
ISO 
624 

83 
161 

88 
144 

74 

103 
152 
126 
164 
105 
138 
158 
191 
137 
154 
68 
73 
150 

m 

160 
67 
01 

1C7 
56 
92 

107 

173 
75 

129 
47 

117 
65 

141 
75 

125 
W2 



1112,678,621 
113,4^,947 
118,04K310 
130,390,714 
124,882,004 
lS3,tl^,0t* 
120,162,091 
125,382,170 
133,932,197 
140,885,013 
148,911, '^18 
150,210,590 
150,096,226 
I50,562,t}5i 
150,160,480 
150,389,772 
l.'50,567,14e 
147,842,011 
151,662,296 
152,317,777 
101,778,286 
^07,329,841 
108,047,001 
100,446,738 
100,605,774 
1B2,S06,51S 
102,068,353 
102,7^,008 
114,533,127 
110,72^,253 
112,042,700 
112,841,419 
112,303,6O& 
114,563,482 
1 12,041, 4H9 
111,550,855 
102,407,350 
m 138, 349 
H9, 396, 018 
RS, 257,004 
78,457,793 
73,757,357 
65,715,119 
*i4,050, 172 
64,018,584 
66,739,313 
06,607,037 
04,704,307 
04 343,644 
06,333,465 
76,350,723 
irf2,91*,772 
92,534,7^ 
00,443,924 
84,480,05^1 
106,355,219 

134,(tl^«^ 
14S,g7S,34t( 
145 550,439 
158,753,15'* 
100,654,952 
150,480,230 
165,235,6^ 
178,091,078 
183,810,572 
178,741,438 
166,990,206 
157,102,219 
170,512,212 
230,270.ri25 
236,648.321 
356^020,155 
238*190,042 
230^615,443 
302.662,622 
200,713.219 
104,012.4)2 
100,357,000 
130,660.745 
128, 907. Ma 
129,925,300 



83,588,431 
3,870,400 
4,122,463 
4,019,978 
3,422,901 
3,009,307 
4,070,205 
4,903,445 
5,712,601 
6,777,747 
5,5i22,302 
5,102,940 
6,971,496 
6,119,272 
6,146,607 
7,316,937 
6,452,880 
5,824,703 
5,794,610 
6,211,660 
4,009,741 
6,538,431 
4,735,870 
4,025,371 
4,;'.^>8,9'29 

4,4i$0,961 
3,^05,870 
4,122,019 
4,820,624 

6, 195, on 

5,148,6(@ 
5,064,704 
4,921,756 
3,713,519 
4,318,437 
3,449,305 
5,177,552 
4,808,073 
5,314,735 
4,730,004 
5,003,377 
4,^198,584 
4,200,305 
3,423,551 
3,887,713 
3,799,553 
4,112,780 
2.^«84,JQ2 
4,253,678 
4,731,183 
5,593,800 
5,0C4,571 
3,939,200 
4,35:1,143 
4,004,169 
2,990,970 
4.0*^,367 
3,366,421 
2. 4*^1,942 
l,97l,0t»(] 
5.448,751 
6,455,23(i 



635,737 
30,402 
13,325 
47,977 
44,865 
10,566 

316,283 
40,083 

178,102 

389,130 
47,121 
10,413 
45,236 
41,477 
28,190 
M,488 
.■^8,4:^ 
40,120 
73,177 
28,200 
1,110,909 
96,249 
48,536 
54, m 

232,740 
24,113 
28,383 
S>,267 
38,007 
68,153 
63,100 
17,367 
37,910 
26,»ll 
36,830 
37,412 
41,474 
31,839 
17,7fi3 
50,721 
22,663 
07,201 
34,972 
31,148 
3«5,998 
3i),S39 
43,131 

15*»,334 

121,499 
20,907 
31 265 
41,613 

217095 
53,333 
24,468 
54,740 
29,247 
27,759 
22,452 

340,897 
13,319 
30,790 

606,006 
36,454 
40,090 
60,383 

617,924 

105,052 
59,210 
49,155 
56,113 
57,051 
15,537 
32,014 
11,764 
22.738 
37.730 
33.221 
2V,7(R 



1113,385,150 

Il4,2^i4,023 

119,017,105 

121, 31 tj, 728 

13G, 013,222 

124,919,184 

127,179,423 

126,432,989 

134,811,970 

147,912,706 

149,506,204 

150,019,978 

150,929,276 

151,363,081 

151,139,212 

154,850,167 

155,111,992 

152,906,935 

160, 5^^7,149 

150,450,325 

100,911,349 

172,576,065 

i 73, 458,729 

172,604,515 

173,305,223 

168,849,02] 

168,168,680 

109,655,460 

120,503,303 

117,687,004 

130, 7 W, 181 

119,967,160 

118,763,191 

121,011,128 

117,974,992 

116,934,817 

108,795,262 

107,765,105 

95,350,854 

03,588,954 

83,029,103 

77,575,340 

70510860 

60,202,706 

69,193,086 

70,419,301 

70,720,276 

70,588,543 

7O,3l0,a'i5 

71,179,083 

82 158,874 

107,43(1,198 

97,649,238 

96,306,107 

90,026,167 

113,350,684 

140 636^655 

154,700,866 

151,081,013 

104,099,920 

105,933.756 

155,002,775 

170,613,888 

184,539,877 

189,798,511 

183,428,918 

103,180,548 

103,122,439 

177,049,906 

220,884,593 

341. 1177, 004 

202.489,7® 

343,874,850 

23,'>..'S40,463 

309,564,875 

200,874,078 

170,271,204 

165,525,735 



228 



BEPORT ON THE FINANCES. 



IVo* 30. — ^Assets of the Treasury at the E^d of bach Month, fboic Janu- 
ary, 1902. 



Mimtli. 


Gold, 


BH^or. 


Notw, 


Oertlflcatea, 


Othflt. 


TotaL 


IBOa-^anQftry 


tSm,54S,2My 


f5Q8,14T,090 


124,095,800 


128,294,770 


1113,386,166 


11,230, 4aS,0M 


February,,.. 


5^573,008 


510,345,365 


22,320,517 


31, 170,094 


114,234,0© 


ia22,Ma,aM 


Marcb, 


5«,3«,€a9 


511, 9139, 472 


19,210,^ 


42,705,518 


119,017,105 


1,336, 30A, 400 


^.;^.:::::: 


MC, 219, 775 


51^504,356 


17,(J45,047 


45,156,090 


m,3ie,7» 


1,343,943,008 


5ai,e07,2(12 


5H 460, 857 


17,817,766 


46,78t>,804 


126,013:, 223 


l,3g,SM,9il 
1,272,53(^979 


S;:::::::: 


660,200,300 


515,982,931 


23,782,002 


47,052,41?* 


^"^*'iSi 


July ., 


Sii2,7m,m4 


515,231,^42 


32,316,981 


50,992,528 


127, 17V, 42a 


i;S5S|§5 


Au^si .. 


571, 303, baa 


612,792,127 


20,342,804 


50,173,127 


L20;432:^ 


October...... 


300,506,825 


500,545,711 


18,435,479 


«>5,10a,557 


134,811,07^ 


l,316,e9,S« 


600, m, 127 


603,331,475 


16,558,508 


28, M^, 937 


147,912,70* 


i,3a£,e»5,7sa 


November... 


titO,919,798 


501,834, Oai 


10,330,979 


34,925,705 


149,^,204 


1,313,606,717 


December-.., 


tii7,lftt,083 


601,130,537 


19,293,985 


42,631,618 


150,919,OTS 


i,m,mum 


igoa-Jaiiiiftry.,,„ 


023,818, SeO 


505,839,3^8 


28,130,318 


31,035,656 


150,92^,276 


i,mjM,m 


Febrimry.... 


632,7H3,B3Li 


507,317,607 


20,406,410 


32,296,442 


151,363;,0ei 


l,344^07?,3» 


Murch 


imjm,sa^ 


568,381,338 


12,230,506 


43,99:1,517 


151,130,212 


1,355,375,335 


tC-::::: 


&44, 171, im 


510,402,500 


14.577,633 


3^,756,704 


lHaS6,167 


i,367,763,iaa 


037,463,115 


510.7041,160 


18,070,023 


35,908,640 


155,111,993 


l,357,3«,g« 
1,366, 100, AM 


June......... 


631,i»,7S0 


512,(505,861 


26,272,742 


41,S34,207 


152,996,935 


July .,„ 


^u,Em,7m 


512,790,103 


27,522,860 


31438,538 


156,507,149 


i:^i%S5 


Aimist...... 

Seplemljer,,. 


047, 357,700 


511,418,978 


30,026,339 


28,696,666 


156,460,325 


tiM,Bll,716 


506,939,894 


25,985,870 


32,582,994 


166,011,349 


l,387,2nS3t 


October. ^. .. 


ttt!O,533,G0ti 


602,306,042 


10,685,663 


38,960,531 


172,676,065 


1391 066^907 


Novoinbof.,. 


67i,€92,€44 


499,632,256 


10,575,446 


44,208,858 


173,458,?29 


l,m^i»3l 


December.... 


080,051,991 


408, 303,302 


15,495,554 


32,506,560 


172,664,615 


l,^62i;tteE3 


1904— Jftnuafy 


ft98,»35,7P0 


504.814,015 


27,730,659 


2e, 701,433 


173,30^233 




February,. .. 


OSS,44S,0O7 


608,(584,859 


23,473,789 


23,537,788 


168,349,021 


i;433;«ap'4H 


MaroJj, ...... 


097,879,200 


510,483,039 


15,447,000 


25,344,221 


168,108,590 


i^f:::::.::: 


006,8325,159 


512,(396,991 


19,753,310 


35,985,710 


lS9,055>4eO 


1,433,916,60 


^)B,ZM,SIO 


514, l(M),3n2 


23,732,793 


46,846, 114 


120,503,203 


1,373^40,601 


June.,,. 


GS\,B38,S!n 


515, 492, 455 


20,304,793 


38,312,772 


117,687,004 


July 


O98,3P9,7G0 


516,465,172 


32,609,031 


30,689,039 


120,755,181 


;;%S!;:!£i 


August 


70i3,33l,7S3 


514,781,035 


32,549,697 


30,426,350 


119,007,169 


SaplflralKr. . . 


70fl,011,105 


5Q8,4(]0,G54 


23,914,080 


4S, 101, 954 


118,70^191 


t^.t^^ 


Octeber 


721,253.988 


503,983,106 


16,069,799 


47,030, 37B 


121,011,128 


NoFembei'... 


7o:i915p0ft4 


501,816,347 


16,399,452 


66,414,050 


117,974,903 


i,me!.mm 


Daoeiuber,... 


09(i.40i007 


501,656,425 


20,109,213 


07,030,053 


116,924,812 


1,402.124,610 


l90S-JflJi(iary . 


091,678,950 


507.736,446 


33,209,851 


49,500,554 


108,795,267 


13B0,SZn0fli 


February..,. 


^,il4,0C0 


510,662,138 


30,215, ISe 


46,486,251 


107,755,106 


l,aiO, £$2,680 


Martb....... 


tJ»3,54e,(J00 


511,729,263 


26,808,362 


51,7H074 


95,358,864 


1,379, 196, Ml 


SS?!::-.::::: 


t^,473,94S 
70t,033>920 


512,iaa,500 
511,024,263 


27,905,018 
2S, £18, 1^ 


38,505,237 
42,539,867 


93,588,954 
83,029,103 
77,676,349 


1,366, OTA, 313 
130S^6f£l0a 

i,3H44e,mo 

1,376,240,444 


June,... 


700,502,390 


511,3^8,599 


30,092,258 


42,979,512 


July 


717,810,763 


511,009,090 


32,513,177 


32, 605, K® 


70,610,860 


Auguflt. 


7211,800,7(56 


507,667,191 


3.1.306,093 


38,263,(ai<9 


09,392,705 


Scptfl ruber. . . 


7M, 007,793 


5OU.'5«0,743 


26. 474. 153 


53,495,683 


e0,193,fl«6 


1,385,672,068 


Octobor 


75^^ 041,518 


407,3{;3,e20 


18,795,143 


49,iri,754 


70,419,301 


i,^,7n3,S3i 


Nov^nibor..^ 


7ti2, 737,060 


494,442,350 


15,015,239 


53,037,372 


70,720,276 


1;307,]M;380 


Deeem^wr,. , . 


7afi,m,0fl9 


*92.<»fl7,3l7 


17.214,913 


58,168,365 


70,58S,5« 


1,404, 444, 3» 




7^,435,516 


498,627,518 


27,756.713 


39.590,09tJ 


70,310,036 


1,404, 710, sn 


Februafy.... 


758,151,387 


500,349.995 


24,338,901 


55,038,587 


71,179,^3 


1, 418,965,6]} 


Mnrch....... 


774,208,903 


403,404,022 


22,772,501 


50,534,5,W 


82,158,074 


1,434. laa. 046 


fc-.::::: 


7f.O,»2«,lG0 


40fi,736,507 


21. 451,979 


55,065,010 


107,436,19* 


1,4a, 615,030 


733,404,496 


403, 330, 114 


25,024,203 
23,900.598 


48,77^,494 
40. 4SQ. 960 


97,649,239 
95, 306, 107 


1,453,230,000 
1,474,0S5,» 
l,473;,7fla,» 
1,516,178,900 


Jiinn. ....... 


807,051.^30 


400,2^5.914 


July,..,..... 


8l9*0aJ,S33 


408,472,295 


23.222,135 


41,515,802 


90, OX, 167 


August 


s3t.:C4,3a'j 


496. 199, 436 


IS,S25,55S 


57,872,089 


112,256,684 


SeptomJicr... 


^w, 572, 704 


4&2, m,m 


13,599.900 


44,106,630 


140. 636, 065 


1,646, 307,3A 


October..... 


878,832.370 


m .'500,051 


10.831,960 


47,608,601 


154,700,865 


i,58i,era;3f7 


NOTfltUljPl' , . , 


«»,934,490 


488,839,0153 


I3,a53,0a'? 


02,172,107 


151,081,013 


1,606,360,706 


Dpceiulier...., 


S94,3»4,S2L 


487.427,7iS 


]5, 893,718 


07.156,645 


164,099,935 


l£e:074,8M 


1907— January 


fl02,57fi,29a 


#93.70.5,992 


28,000,414 


47,711,901 


165,933,755 


l,«S0,074,4ia 


Febrtiary 


912,076,615 


49iS,0&4.708 


21,350,400 


61,993,081 


155, 002, ns 


l,ilS,404,» 


Hjireh.. 


ft30.t34,471 


49'i,179,8.'i3 


15.333,241 


48,729,357 


l7O.0l3,BSg 


1,«8, 7001,810 


fit?!-;.-.::: 


030,412,372 


406.681,704 


16,231,307 


48,2a.%857 


184,539,877 


1,670,151,067 


023,i^,6.'i3 


497,994,544 


15,502,38S 


55,SS9,308 


180,798,611 


i,ea3,Mi,»i 


June.,, 


904,501,739 


499,254,430 


18,9(^,991 


£3,918,345 


183,428,918 


1,890,369,414 

1,684,006,841 
1,090, lg7, TOO 


July 


008,132,013 


560, J 00, 061 


^,403,178 
21,333,768 


90,721,043 


i63,isa,64a 

103,122,439 


Auguit. 


012,006,334 


498,900,130 


94,539,080 


toteipbor,.. 


021, 013, m 


494,973,464 


23,273,00S 


93,561,009 


177,049, PBS 


1,709,871,187 


OetAhfir 


915,283,750 


489,409,842 


ia294,ii37 


79,519,3*3 


226,884,^ 


1,738,26,131 


jfovBinbcr. ., 


921,l3flt707 


4^,598,050 


9,330,(?71 


74,316,540 


241,677.094 


1 TSSSKoao 


Decern Ij€t..,. 


9i&5,9,17,S20 


484.043,673 


12,511.7(50 


64,(Fr8.173 


202,489,729 


l,T79;e80;€«4 


1B0§-Jaauary 


987,104,459 


4SK),823.528 


37,918,321 


51,876,870 


243,874,850 


1,814,600,038 


F^^bruajy,,,, 


1,002,044,417 


502,73L605 


40,503,350 


4«. 337, 601 


235,540,403 


l,800vl47,4ia 


March 


i,ai2,^sog 


509.170,570 


63,7^,624 


40,536,823 


209,504,876 


1,825,008,701 


r.:::-.:::: 


1,011, 098, 4flfi 
997,383,173 , 


5U, 743, 805 
518,001,532 


09,229,515 
72,502, 161 


47,104,409 

59,107,896 


306,S74.O7B 
17!), 271, 364 


hm.m.aa 
i.si7,ea6,oas 


June.... 


l,0O4,8«ft,0S2 


521, 395,030 


73,988,401 


49,018,545 


166,625v735 


1.814,6Q6,» 


JiUy 


1,014.511,013 


533,038,379 


Tfl, 431, 177 


43,848,298 


139.308,503 


1,791,038,030 


Aupust. ...... 


],Q-il,5tffi,685 


5(22,729,618 


00, 070, WO 


43,566,037 


138,476,702 


1,786, 413. cm 




1,027,720, 30a 


520^312,041 


45,330,030 


48^743,163 


I37,6l«.fi2» 


l,77O,«6,0« 



TBEASUBEB. 



229 



Mo. 81. — ^Liabilities of the Treasury at the End of each Month, from 

January, 1902. 



Month. 



1902—JBnxiBTy.. 
Ftobnuiry. 
March. 
Ap 



^;. 



Jaoe. 

July 

August 

September. 

October 

November.. 
December.. 

IMS-January 

February... 
Maivh 

iS^:::.::: 

June 

July 

August 

September. . 

• October 

November.. 
December.. 

ig04-Jannary 

February... 
Mareh 

June 

July 

August 

September. , 

October 

Novemlwr. . 
December.. 
19Q6— January..., 
February.., 
Maivh. 
Ap 



Certificates 
and Treas- 
ury notes. 



iC:. 



June. 
July.... 
August. 
9eptemb 



ficofember.. 

Otcober 

November. . 
December. . 

19Q6— January 

Febmary... 

Maivh 

April 

»y 

June 

July 

August 

September. . 

October 

November. . 
December.. 

1907— January 

Febniaiy... 

Mareh 

April 

Miy 

June 

July 

October...'! 
November. . 
December... 

190S— January 

February... 

Mareh. 

Ap 



Agency 
account. 



tc-. 



,*y. 
Jane. 
July 

AKUt.... 

BiplSDibeir. 



$816,344,069 

816,075,069 

822,799,089 

830,202,089 

832,186,069 

830,609,089 

841,965,069 

845,876,089 

855,899,089 

860,316,569 

869,236,569 

876,574,069 

886,871,069 

884,725,069 

890,007,069 

895,425,869 

893,762,809 

893,068,809 

894,257,869 

896,739,869 

902,700,869 

019,843,869 

931,206,869 

935,328,869 

967,532,869 

962,091,869 

955,117,869 

979,909,869 

975,109,869 

978,064,569 

1,003,728,969 

1,007,890,969 

1,014,779,969 

1,021,556,969 

1,019,431,969 

1,012,805,969 

1,010,886,969 

1,001,134,969 

996,611,969 

996,418,969 

995,529,969 

992,467,969 

903,726,969 

1,002,921,969 

1,003,859,969 

1,009,384,969 

1,010,233,869 

1,011,397,869 ' 

1,015,264,869 

1,017,493,809 

1,022,269,869 

1,030,996,869 

1,039,743,869 

1,044,918,869 

1,048,853,869 

1,058,260,809 

1,067,323,869 

1,103,897,869 

1,112,089,869 

1,121,986,869 

1,134,700,869 

1,124,460,869 

1.130,140,869 

1,154,068,800 

1,163.0()1,869 

1,100,189,809 

1,174,889,869 

1,188,736,869 

1,200,319,869 

1.225.777.860 

.1,224,451,809 

1.243.900.869 

1,280.319.809 

1.292.409.800 

1.292.298.869 

1,315,840,869 

1.304,854,860 

1,302,255,869 

1,307.715.869 

1,330,179,869 

1.335,020,869 



Balance. 



•\ 



354, 
364, 
368, 
374, 
372, 
373, 
375, 



378, 
369, 
379, 
378, 
373, 
374, 
370, 
313, 
322, 
304, 
297, 
301 
296; 
293, 
296, 
290, 
290, 
291 
284; 
281, 
295, 
279, 
277, 
286, 
281, 
285, 
289, 
293, 
302, 
309, 
307, 
310, 
330, 
319, 
350, 
371 
373; 
381 
388 

39i; 

400, 
402, 
401 
407; 
422, 
388, 
380, 
389, 
387. 
400, 
419, 
416. 
418, 
412, 
401 
390, 
395, 
353. 



Total. 



$79,327,321 $324, 

81,215,961 325, 

85,653,031 327, 

78,999,931 334, 

80,269,593 345, 

79,740,525 362, 

82,539,910 353, 

84,676,091 359, 

88,277,065 371 

85,957,306 

89,794,560 

90,097,752 

84,527,175 

84,806,827 

92,446,267 

89,011,127 

88,418,172 

83,345,641 

93,644,915 i 378; 

94,348,319 **»^ 

95,103,776 I 

92,585,635 i 

98,511,634 

90,918,218 ! 

85,206,975 < 

87,233,089 I 

87,504,911 

82,997,585 

85,0n,306 : 

82,399,709 

91,018,526 

95,090,270 

92,716,852 

92,025,624 

93,743,304 

92,725,852 

80,408,303 

88,n5,872 

90,762,960 

88,978,607 

90,303,965 

80,622,647 

90,856,319 

94,721,130 

94,968,396 

97,592,278 
101,907,577 
103,265,994 

95,560,928 

98,746,658 
102,009,754 
103,492,827 
103,141,361 

99,327,111 
104,945,421 
107,231,255 
107,770,410 
101,434,568 
112,809,640 
117,990,889 
106,665,312 
110,868,962 
r 5, 775, 938 
116,093,875 
111,^9,847 
106,012,100 
121,141,786 
114,790,492 
J 1 V, VtcW, Vktv 
115.278.235 
105.056,150 
116,250.804 
117,802,858 
118,891,769 
120,961,041 
121,012,506 
121.847.900 
117,199,106 
129 003 987 



796,646 

361,866 

856,289 

739,963 

350,229 

187,361 

974,599 

491,500 

253,394 

421,878 

575,588 

409,380 

345,963 

543,470 

921,089 

326,187 

168,896 

886,114 

291,444 

450,710 

417,184 

637,408 

237,430 

374,895 

745,064 

068,506 

699,996 

919, 188 

287,516 

051,568 

061,579 

975,365 

414, 163 

352,797 

344,658 

592,689^ 

625,796 I 

681,839 

821,624 I 

318,681 

141,378 

477,492 

865,731 

697,345 

823,093 

815,289 

310,840 

780,373 

885,063 

718,086 

859,322 

126,224 

385,376 

689,355 

963,942 

686,875 

213,096 

300,810 

470,287 

997,076 

708,207 

l&i,654 

868,003 

388,343 

029,665 

061,445 

574, 188 

060,406 

551,314 

227,019 

551,013 

519.991 

417,301 

845.804 

008, 191 

596.988 

933,256 

171,348 

628, ITi 



220,468,056 
222,652,906 
236,306,409 
243,942,003 
257,806,911 
272,636,975 
278,479,596 
290,043,680 
316,420,648 
302,696,768 
313,608,717 
331,061,201 
339,774,207 
344,077,368 
356,376,825 
357,763,183 
357,349,939 
365,100,824 
386,194,228 
374,538,896 
387,221,820 
391,066,907 
398,957,933 
405,621,982 
431,486,928 
422,993,464 
417,322,778 
433,916,842 
373,468,891 
382,635,848 
396,829,074 
400,958,804 
406,910,964 
409,935,390 
408,510,931 
402,124,610 
390,921,088 
380,632,880 
379,198,663 
371,718,267 
366,975,312 
388,588,106 
384,449,010 
376,240,444 
386,672,058 
388,792,638 
397,162,288 
404,444,238 
404,710,878 
418,958,613 
434,138,946 
441,616,920 
453,270,606 
474,935,335 
473,783,232 
518,178,999 
546,307,376 
581,633,247 
606,360,798 
628,974,834 
636,074,418 
635,484,486 
648,790,810 
672,151,067 
082,641,381 
690,263,414 
084,605,843 
690,187,769 
709,871,167 
728.283.123 
730.059.038 
779,ti80.<iO4 
814.000,028 
830,147.442 
825,868.701 
839,050.363 
817,636,026 
814,626,383 



280 



REPORT ON THE FINANCES. 



IVo. 33.— Unttbd States Notes of each Denomination Issued, Rbdebmxd, and 
Outstanding at the Close of KAca Fiscai^ Ybae from 1902. 



DeoomizmtloQ. 


laaued dur- 
ing year. 


TotAl laswd. 


Redeemed 
during year. 


Total redeemed. 


Ontstandfns, 


1902. 
flTiri lirtUfl^r - , . , 




tlfiS,304JG0 
180,703,0^ 
fiBQ,S21,TU0 
756,331,240 
522,702.400 
146,215,200 
ISO, 001,000 
210,270,000 
411,628,000 
20,000,000 
40,000,000 


153,750.00 
114,200.00 
Sl,2£4, 14O.O0 
42,783,450.00 
15,071,1^.00 
2,767,450.00 
4,725,200.00 
3,ai, 750.00 
10,338,000.00 


1136,378,117.80 
185,202,094,20 
562,602,718.00 
502,871,910.00 
408,263, 118,00 
136,617,075.00 
171,976,650.00 
207,017,500.00 
382,415,000.00 
19,090.000.00 
39,090,000.00 


$1,086,042.20 


Two dolljirs 




l,5t50,353.{« 


Hvti dollars ............ 




30,150,042,00 


Ten dolldLFa 


§101,120,000 


193,459,321.00 


TwtjQty' dollani 


54,490.282,00 


Fifty JoliufH.,.. 

Out? hundro'd doUars 




9,598.125.00 




17.9^,350.00 


Flvi^ Imtidn^d doUftra... 
One thousand dollai^ . 


400,000 


9,258,500.00 
29^213.000,00 


Flvo thouBaad doilara^. 




10.000.00 


TVn thorlAftiid dc^Unw 






10,000,00 










Totul..... 


10I,fi20tOOO 


3,371,005,806 


101,520,000.00 


2,023. 384,7\»2.O0 
1,000,000.00 


347,081,016.00 


Untnnwn^ d^atmynd 


1,000.000.00 












Net, 


101,520,000 


3,271,065,808 


101,530,000.00 


3.Q^.%4.7Q:2.flO 


346,!S8l,016.00 








1003. 

Ons dollar , . . 

Two dollars . , 




1S8,364,1I30 
186,763,048 
5tf2,e21,760 
M5,yGl,240 
522,7*2,400 
140,215,200 
1S1»,WH.OOO 
216,270,000 
4111, 02g, 000 
20,000,000 
40,000,000 


37,188.00 
54,9»0.00 
1U»45,017,00 
6»,5S7,lie0.00 
13,816,8^0.00 
2,911,825.00 
5,.W,4.^j0.00 
1.657,000.00 
4,3615,000.00 


180,415,306.80 
18fi,2$7, 061.20 
574, OOr, 735.00 
033.430,609.00 
4S2,Ort,eS&.00 
139,528,000.00 
177,331,100.00 
206,574,500.00 
386, 7?50, 000.00 
10,990,000.00 


1,948,854.90 
1,505,363.80 


Flvf' (Joliafa. ,* . .. 




18,214,025 00 


Ten dollars , 


lOff,UOO.OOO 


233,501,631.00 


Twenty doElars.^. ^ .. 


40,IB2 442 00 


Fifty ooUaTst - - - - - 


0^08^300.00 


One hundred dollura ,.. 




12,572,000,00 


Five hilDdnjd doUrirs.. . 




7,701,500.00 

24,848 000 09 


Onu thau&and dollars. 




Five thotiMiDd doUai^, . 




lo.rmn m 


Ten thousand dollars.,. 




30^990,000,00 1 10,000.00 








Total. 


too, 000,000 


3,380,e«6,S08 


100,0)0,000,00 


31, 032,1»4, 792.00 
1,000,000.00 


347,681 016 00 




1.000,090.60 








Not.» 


im (100.000 


3,3S0,«O5,808 


100,600,000,00 1 3.033,064,70(2.00 


346 661 Q16 60 






1904. 
One dollar ,. . . . . 




188,3fi4,100 
1B6h763,048 
fi©2.821.7fi0 
W4, 37 1,2:0 
£^,032,400 
147,015,200 
101,714,000 
210,276,000 
414,338,000 
20,000,000 
40,000,000 


27,510,00 

35,280.00 

0,3^0,065.00 

96.501.020.00 

10,775,500,00 

1.687.225.00 

3,431,300.00 

1,007,500.00 

2,875,000.00 


1»0.442,S15,S0 
185 292 mM 20 


1,921.344,20 
"i J7n fvit En 


Two dolliLr» » . ^ ., » ^ * 


Five [|nllnrf( ,h.,--. 


580.956.800 00 ■ ii.^#u OiVi fa 


Ti?n dollars 


108p440.000 
B, 900. 000 
800.000 
1,310,000 
3» 000, 000 
2,710,000 


728,931,229.00 
492,855,458.00 
141,216,125.00 
180,752.400,00 
209,582,000.00 
380,655,000.00 
10,990,000.00 
39,900.000.00 


245,440,011.00 

35.826,942.00 

5,709,075.00 

10,961,600,00 

9,094,000.00 

24,683,000.00 

10,000.00 

10 000 00 


Twenty dollars 

Fifty Jollars ..„, 

Oiw hundffd dollflra.... 
Five luindre'd dollars. .. 
One thousand dollars. _ 
Five tbouiSAnd dollars,* 


Ten thou94^nd dollAnt... 










'*"""'""" 




Total 


123,080.000 


3,503,,"H5,«M 


m,ffio,ooo.oo 


3,155,664,792.00 
1,000,000.00 


547,681,016.00 
1,000,000,00 












Npt.,... 


123,080,000 


S, 503.^45. 808 


122,680,000.00 


3.150,064,792.00 


346.101,016.00 




1905. 
One dotlflr 




184.304,100 

180,703,fr.S 

602.821.760 

1,100,601,240 


22,328.00 

23, 10(7,00 

3,2J5, 800.00 

in? 41$ iftfi nn 


186.466.143.80 1 i AQa ni a «i 


Two dolliirH,^,. ^ 




185,310,066.20 
584, 172, MO. 00 
836.343,400.00 
501.877. 3§S.0O 
142,332,875.00 
ta2,9fil.2SO.€0 
210,815.000.00 
301,030,000.00 
19,000.000.00 
30,000,000.00 


1,446,981.80 
8, e49, 100.00 
264,347,831.00 
26,805,012,00 
4,683,325.00 
8 760 750 00 


Five doUftrs ............ 




Ttn dollars. ■ . ^ 


13U<;t3O,00O 


T Wf'Dty doUarft. ........ 


ss,m.im oloai; 030.00 

147,015.200 1,116,750.00 
191,714.000 i 2,200.8.^.00 
216.276 000 i.*n:lraofin 


F\ii.v iLinars. 




One ' I'fn^'I doiinTs.... 




FIv< !!'Jn'^| dolhirj*. .. 




8,461,000,00 

22.009.000.00 

10,000.00 


Onp L! ■-it'ijini! doUrtTB... 
Five ihoiL^und dftjlarn.. 


210*000 


414.&4M.COO 
20,000,000 
40.000.000 


2,284,000.00 


Ten Ihoui^and dollars... 






10,000.00 








Total 


m 530, 000 


3,629.875,808 13C, 530, 000.00 


3,38^194,792.00 

1,000,000.00 


347, 681, 01 ft. OO 
1 000,000.00 


Unknown, dt-slroyod **. 










Net , 


taa^mooo 


a,02»,£75,80a [ 12A,5dO,000.00 


3,383,194,7112-00 


346,681,016.00 




IOOOl 
One dollar. „,, 




188,354,100 
lSB,7ta04S 

1, 20B, 5,^1,240 
528,^,400 
147,015,200 
101,714,000 


13,003.00 

n,m.(n 

1,706.1^.00 

95.^J5l>,00 

5.51&,5iM.OO 

760,150.00 

1,500,900.00 


186,178,236.80 
lB5i 330,018.20 
585,878,855.00 
932.182,590.00 
507, 38ft, W8.00 
143,093.023.00 
184,454,150.00 


1 8S5 923 20 


Two dollars,.... ,^. 




1 433.029 80 


Flvii dollars 




6 942 005 00 


Tnn rlf^llarit . . 


107 JW, 000 


3T6,dffi, 661.00 

2l,3SSv 40.00 

3.902,175.00 

7,^,860.00 


Tw»-ntv doiiajB,,,,,.... 


Fifty doiI*i*fl.. , 




Ooohmidted dolJan.... 


:::::::::::::: 



TBEASUREE. 



281 



^o. 39. — ^Unttbd States Notes op each Denomination Issued, Redeemed, and 
OuTSTANDiNO AT THE CLOSE OF EACH FiscAL Yeab pbom 1902 — Continued. 



DlfftfftttlTULtlftfl - 


^iS?^^,^''**^'^^*^'^- 


Rfideeiafid 
during year. 


Tot^ rediae^ed. 








1219,270,000 

4)4,548,000 

^.000,000 

40,000,000 


1717,000.00 
1,770,000. 00 


1211 , £32,OO0l 00 


17.744.000100 


Oat thou94tid doUare, . 
TtYetliotiBaDddollai«... 




303,700,000.00 ' ^,'33»i66o. 00 
l9,9QO,O0aO0 ' 10,OOOlOO 


IVn piniifi^rrd dfilfA'iv, ,, - 




30,990,OQaOO ) 10,000.00 












Totel 


110?, 840,000 


3,737,715,906 1 107,^0001 OQ 


3,3QO,O34,7©2L0O 347, 081, OR 00 






l,OQO,OOaOO 1,000,000, OCi 










Net ..- 


107,SIO|ODO 


A. 7^. 7 III. MM 


107,840,000100 1 3,391,034,792.00 j 346, 681, OKI 00 








UIOT. 
One dollar _ 




ISg, 364,160 
18a,763,048 


10,fi3£,00 

U,fifi0.00 

1.0(22. TOOL 00 


m4fiS,T71.80 

185,341,678.20 

5Sa,O0l,645LOO 

1,020,083,634.00 

fill, lie, 13& CO 

143,573,27^00 

Ififi,488,7fl0.00 

212, 1«2, 000,00 

3H, 008, 000. 00 

19,000.000.00 

3)^.090 000 00 


l,g75,38a.30 


Two dollHTi w.T 




l|421^3e^ io 


FIt* doUkn 


700,000 


Afi3.fi2l.7m 


6,^20, lUt 00 
^3, 757, TOO. 00 


TVn dntlmf. .rTT.n 


101^320,000 1 1.311.851.240 0a.MQ.075. 00 


TmntT doUani*^ . . . 




£28,082 400 3 7lS,i90 00 


17,566,362.00 
3,441,1I2&.00 
6,224,2Sa00 
7,114 000.00 


PUty '^iJiaiii '.,.,..,, 


147,015,200 480,250.00 
l«,714,000 l,035,e00.00 
319,270,000 00,000.00 
414,548,000 l.lM.OQaoo 


On^'liun^p^d d'^ilfrn*. J 


f\y^h\Tnrirnii rtoiiJiTH. 




Onn thOQ^an'Tl d'^ilnrs. . 




It, 640,000.00 

io,ooaoo 

m rwi m 


WiW' ttkOMMiklUl ^flUATA^ ^ , 




20,000,000 
40,000,000 




Tm tbotUATid d'^Li^rA. ... 














TttUl 


105,030,000 


3,SC,735,808 . 105,020,000,00 


3,«5,064,7B2,00 i 347,681,016.00 
1,000,000,00 1. 000.000.00 




,*.,, »...,^». 






I 346,681,01^00 


Mflt ,.,. 


105,030,000 


3.H^.73J^.Aafi 1 1(^.000.000.00 


B,^, 054,7^2.00 






IMS. 




ias,3G4jeo 

Iflti, 763,048 
fl71,74ljti0 
1,333,331,240 
531,6^,400 
147,015,2(J0 
163,914,000 

m,m,m 

432,02S,000 
30,000,000 


14,040.00 

13,344.00 

0,£23,ti£0.00 

103,019,770.00 

3,-275,240.00 

4(Mi,150.00 

1,108,800.00 

1,860,000.00 

4,410,000.00 

^ Id. 030.00 


lB6,602,gl7.ao 

1S5,35&,022,20 

fi06,425,2Q5.OD 

1,133, 013, 304. (Kl 

614,391,378.00 

144,030.426.00 

ie6,60S,&fiO.OO 

214,022,000.00 

3Sf0,327.OOO.OO 

20,000,000.00 

3», 090,000, 00 


1,661,342.20 
1,408,025.80 

75,310,466.00 
2(13,317,939.00 

17,171,033.00 
2,t7B, 776.00 
7, 31&, 450.00 
5.604,000.00 

32,701,000.00 


Twodolkis. 




FlT«dollftra 


78^230,000 
22t 460,000 


Tm doUmi . j ^ l j 


f^MiHy dollftft. 


2,SS0,0DO 


Flf^doll«n 


OncT himdrad dnlkra 

fin htmdrod doUan 

Ooe tbataand dolLais. . . . 
Five (hotisand dotiai^.. . 


2,200,000 

350,000 

17,480,000 


Ton thoosand dollai^. . . . 




40,000,000 


10,000.00 






Tot*].............. 


123, mo, 000 


3.066,345,808 123,010,000-00 


3,618,664,792,00 
1,000,000.00 


347, 6St, 016.00 
1,000,000.00 






J 




H«t. 


123 G10,000 


3 (MA 34A.WM 1 i2i.mn mn.M 


3,619,664,782.00 


346.681,016.00 







232 



BEPORT ON THE FINANCES. 



No. 33. — ^Trbabubt Notes of 1890 of each Denomination Issued, Rbdbbmsd, 

AND OXTTSTANDING AT THE ClOSE OF EACH FiSCAL YeAB FBOM 1902. 



Denomljjatloti. 


Issued dur- 
ing year. 


Total Issued. 


RedecEmed 
during year. 


Total 
redeemed- 


OutsiAndlng. 


1902. 
OnedoHar- ,.... 




»*, 704,000 
49,806,000 
130,740,000 
104,6S),000 
3&, 700, 000 
1,175,000 
Ig, 000. 000 
52,568,000 


11,060. IOC 
1,050.899 
7, 379,225 
a/256,040 

19,350 
185,400 
217,000 


163,584,677 
48,864,343 

Ml,5a2.150 
01,996,300 
31,122,430 
1,104,900 
17,350,300 
51,940,000 


"•SS:^ 


Five dolliirs. 




9,157,860 

12, 6©, 800 

4,637.570 

70,100 

7«,700 

«28,000 


Ti*n rlnllAfjt, , , , , , , , , 




Twenty doHara. . _ _ . , 




Fifty dollars. 




One hiindrtd doUftrs 












Totfll..,., „„..,.,., ...... 




447,435,000 


17,783,000 


417,435,000 


30,000,000 






1903- 
One dollar .._.. 




64,704,000 

49,808.000 
120,740,000 
104,680.000 

35,700,000 
1,175,000 

IS, 000,000 

sa,66«,ooo 


a4S,63& 

340,901 

4,122,540 

4,350,010 

1,326,760 

12,850 

139,400 

107,000 


63,033.216 
49,195,344 
115,704,090 
96,365,310 
S3, 440, 190 
1,U7,7S0 
17,380,700 
52,047,000 


770 784 


Two dollars, „ „ w , . . ^ ^ ♦ , . , . 




612;750 
6,036,310 
s! 324! 790 


Five dallars. 




Tan dollars.,.. *„.._»*,..^..^^. 




Twenty doEian ,.. 




3 310 810 


Fifty dollars. , . . . 




57.250 
610,300 
521,000 


One hundr^ drrllarfl .... , 














Total 




4*7,435,000 


10,757,000 


428,192,000 


10,343,000 






1904. 
One dollar , 




W, 704,000 
49,30g,000 
130,740,000 
104,680,000 
35,760,000 
1, 175,000 


143, OSS 

135,338 

1,973,730 

2,870,470 

324,220 

11,250 

113,300 

89,000 


64,076,908 
49,330.58:^ 
117,683, «aO 
99,225,080 
33,373,410 
1,129,000 
17,503,000 
W, 135,000 


a3?,09a 

477,418 

3.056,680 

5,454,3X1 

2,386,590 

46,000 

498.000 

432,000 


Two doUara, .„,*.„.„.,.,.». ^ ., . 




Vive doUa^rs , 




Ten dollars...,,.^ .....*.^ . 




Twenty dnUans.. - 




Fifty doUars ..»_.,..........,.,. 




One hundred doUars *,►,..„ 




IB, 000, 000 


One thoujiand doHnfa 




52,568,000 






Total. », ,. 




447,435,000 


6,266,000 


434,457,000 


13,978,000 






1905u 
One dollar. . . , * 




64,704,000 
49,808,000 
130,740,000 
104,680,000 
35,760,000 
1,175,000 
IB. 000, 000 
5^,668,000 


79,338 
72,977 

1,718,0^ 

632,340 

7,500 

73,000 

49,000 


H 156,346 
49,403,550 
ll»,fll7,:^ 
100,043,760 
34,005,650 
1,136^500 
17,574,000 
52,185,000 


547,754 
404,441 

2,m,7l5 
3,736,'^ 
1,764 3S0 


Two dollars. 




Five doUnr^ , * 




Tnn flnllATR 




Twentv dnUjira, , ,*^ .. 




Fifty dollars 




38,500 
€20,000 
383,000 


One titmdred dollars. ^ . ^ ^ . . . . ^ . . . 


'"^*- 








.^....H,.^.. 


Total ....,„.,..., „ . 




447,436,000 


a, 505,000 


438,022,000 


9,413,000 




: _:. 


190O. 
One doUar. . . 




h;o4,ooo 

49,80^,000 
130.740,000 
104,uai,000 

35,760,000 
1,175,000 

18,000,000 

59,5(^,000 


51,070 
47,93.') 
454,015 
944,030 
390,100 
0,750 
64,500 
58,000 


64,307,916 
49,451,404 
119,081,300 
101, 887, 7«) 
34; 395; 750 
1.143,3» 
17,038,500 
52,243,000 


4»G,0S4 
3Mk50A 


Two dollant. ...,.« .^ ,.«..«....,. ^ , 




Five ddUars ....>.. 




1,658,700 
2,792/ilO 
1,304 23a 


Ten doUars ^-,*„.. ^ * 




Twenty dnllat^ ,_ 


^ 


Fifty (foUars . ...„._,,......»,.. 




31,750 
361,600 
335,000 


One hundred dollars . ^^ *,,,..,... . 




One thouaand doUara... --- 








Total ,,-. 




447,435,000 


2,027,000 


440,O«,0D0 


7,386,000 








1907, 
One dollar „ 




04,704,000 
49,808,000 
13Q,74Q,00D 
104,680,000 
3^,780,000 
1,175,000 
IB, 000,000 
^,508,000 


33,007 
^,308 
303,515 
601,800 
200,180 
5,100 
49,100 
107,000 


04,341,013 

49,483,703 

119,384,815 

10J,489,e60 

34,661,030 

1. 148,850 

17,^,«« 

52,350,000 


403,987 
334 398 

I,355,1SS 
2,190,410 
1,096,030 

aa:fl6a 
31a, «n 

318,000 


Two doUari. . , , , ^ i, * ^ ^ - * 




Five dnlUirs. ,- 




Ten doEttfit, .,.*,_,. , ,,. 




Twenty dollars . . , , ^,« ^ , 




Fifty tfoUiirJ** , ^ .*,...*, . 




Otib hilndml dfiilarf 




One tbouaaud doUun^....,.,,.., 








Total 




447,435,000 


1,30^,000 


443,417,000 


5,9eSvQQ0 








190S. 
One dollar ■ 




01,704,000 

4o,aafi.ooo 

130,740.000 
104,080,000 
3fiJOO,000 
1,175,000 
IS, 000,000 
£2.568,000 


28,000 
35,154 
aiOTW 
432,350 
303,900 
4,100 
43,100 
58,000 


54,^09. aie 

49,509,866 
119,596,006 

iaa,ii3i,»4o 

34,864,830 
1.150,450 

17.730,500 
% 408.000 


434,381 

as 141 

1,144. 396 


Twodollata ., 




Five dollare , 




Ten doUnn ,.,..,.,„.,,,„...,.,, 




mm 


T wf Qti^ dollars .,„,,,... 




Fifty dollars ,..., 




One hundr&J doUii? ...,., 




One tiiotisoad doUats.,....^,,...^ 




160,600 






7^&i/...... „.„,..„ 




417»436,mQ 


i,(XM,oao 


[ 443,463,000 


4,9^,000 











TBEASUBEB. 



288 



So. 84U — Gold Cbbtieigatbs of each Denomination Issued, Redeemed, and 
Outstanding at the Close of back Fiscai. Ybab fbom 1902. 



DcDomliiAtlan. 



tog 7B*r, 



Total iBsued, 



Redeemed 
dtuiQS Tear, 



Total 



OutBtand- 
tng. 



ma. 

TweniT doU&ra 

fifty doUare ,,. 

Oim liucdtt^d doUATi-—, 
FlTO luiEdKtl tlollarft,-. 
One thoujittnd dDllari., 
JUp tliatisaiid dollars. . 
Ten thoiwand doUara., 



ToUl. 



1903. 

Twenty dollars 

Fifty dollars. 



Oa«3 bundrcd dollBre.... 
Five htindred doUan , ^. 
One thousand doU&Tf . . , 
Five tliouA&Dd dollars.. 
Ten thott&aad doll&rfl, . . 



Total. 



ma. 

FWiy doUari ,.,.„ 

One hundi^d dollarfl,.. 
FIt* hundHHi dollars,. 
One tKousand dollars. . 
Five thouAfLti'j dollars « 
T^ tboufland doil&is. . 



ToUl, 



wm. 



Twenty dollars .,,,.,*. 

Fifty doUara 

On*] hmidi^d flolUrs,,. 
FlTi* biindrod dona». . . 
One thfluaaod donars,, 
FiTfl tbdusaod doltari. . 
Ten itioasaiid doUAn.. 



ToUl. 



ISOfl. 



Twenty dollars^ .*.,.,,- 

Fifty dollars.. 

One tiundrpd doUara. , , . 
Five hiindned dollars. ., 
Oiv tbouiand dollars. ». 
Five tlKmsaad doilai*.. 
Tm tliouaand dollaja.,. 



Total. 



IflOX, 



Ten doUa»-,,.,..„... 
Twemy dDOan........ 

nrtydoUara „._. 

Qim huodmd dollars... 
Five hUBdn?d doUan.. 
One thoue&nd dollars . . 
Five thoiunnHl dollars. 
Ten thousand dollArs. . 



Total. 



1MB, 



Ten dollars.,...,.,.... 

Twenty ddllara 

FUtjcfollara........... 

Ons lit>adi«d doUare. . . 
fly« hnndivd dollai«. . 
One tliotjand dojlan.. 
Ff^ ^ousand doUars. 
Ten ttiotmiid dolbn.. 

Total., 



f47,B«>,00D 

13,400,000 
4,300,000 

u,s»,ooo 

2,000p000 
42,740,^0 



1160,720,000 
53,SOQ,O0Q 
63,034.300 
76,244pOOO 
225,^1,000 
m 035,000 
761,000,000 



115,704,800 
4,127,900 

i9»2,eoo 

2,067,000 

3,093,000 

740,000 

41. MO, 000 



S&l,m,S16 tll5,Jm,384 



51,064,000 
€3,189,600 
183,440,500 
£73,03&,000 
672,050,000 



31,070,300 
A 744.500 
€3,140,500 
30,000,000 
B8, 050, 000 



12»,B80,00O 



1,067,814,300 



72,255,600 



1,^21,2^,211 



00,^0,000 
14,200,000 
IB, 200,000 
3,500,000 
11,300,000 



50,710,000 



236,240,000 
fill, 400.000 
102,234.300 
7e, 744,000 
^&,S8l,00O 
603,035,000 
811,710,000 



2S, 375,6^ 
6,369,400 
7,706,300 
3, 149,000 
6,044,000 
1,576,000 

£2,660,000 



70,568,236 
33,343,9$I5 
£a,7e»,200 
66,&4&,5O0 
1BI»,4&4,600 
574,610.000 
724,710,000 



346,5^,OS0 



166,671,754 
33,066,605 
43,465,100 
13, 00$, 500 
47,396,500 
^,425,000 
87,000,000 



108,430,000 



2,136,244,300 | 106, «0, 230 



1,727,134,431 | 400,1Q9.S60 



56,640,000 
10,600,000 
19,200,000 

5,400,000 
|g, £00,000 
23,000,000 
gl, 430,000 



292,9^,000 
77,000.000 
121,434,300 
85,144,000 1 
255,381,000 i 
626,036,000 
803,140,600 



43, m, 200 
9,078,300 

11,57DJW0 
3,422,500 
8,447,000 
3,010,000 

51,670,000 



2t< 770,000 \ 2,351,014,300 I 129,600,300 



54,240,000 
16,400,000 
23,300,000 
2,800,000 
8,300,000 
7,2SO,000 
82,520.000 



1&4,710,000 



66,000,000 
12,200,000 
16,800,000 

4,900,000 
11.300,000 

6,750,000 
63,980,000 



300,830,000 



40.000 
04,600.000 
17,600.000 
32,400.000 
5, 100.000 
11,500,000 
25.006,000 
112.100,000 



388,645,000 



107,700,000 
67,280,000 
12,000,000 
16, 600. 000 
6,100.000 
14.300,000 
17.000,000 

138,^,000 



378,360,600 



I 
347.120,000 

93, 400,000 I 
144,634,300 

87,944,000 
353.681.000 i 
633,285,000 
075,060,000 i 



«, 713, 400 
9,693,250 

13,134,960 
3,431,000 
8,318,000 
2,010,000 

86,120,000 



2,645.724,300 [ 171,420,600 



413,130,000 
105,600,000 
161,434,300 
02,844.000 
274,861,000 
630.035,000 
1.0&0.640,000 



2.746,654.300 



40,000 
607,030,000 
123,200,000 
163,834,300 
97,944,000 
286.381,000 
664,040,000 
,171,740,000 



3,035,009,300 



107, 
575, 
135, 
lOT, 
104. 
300, 
681, 
1.310. 



SOO.OOO 
200. OOO 

aw,uoo 

434,300 
044.000 
681, (KM) 
040,000 
060,000 



3.413,459.300 



42,315,000 
10,086,000 
14,363,500 
3,603,000 
8,947,000 
2.045. 000 
77,370,000 



158,630,100 



4,000 

42,163,800 
10,882,700 
14,637,500 
3,774,000 
0.838.000 
2,060,000 
86,740,000 



170,080,000 



0,618,840 
a0,820,2«0 
11,447,400 
14,144,000 
3,640.500 
10,195,000 
16.165.000 
110.790.000 



122,959,436 
42,422,205 
70,339,600 
70.071,000 



160,020,564 
34,577,706 
5].004,«]0 
15,073,000 



197,031,500 I 67,449,000 
576,620,000 49,415,000 
776,380,000 U6. 760,000 



1,856,733,731 404.390,669 



173,672,835 
52,116,545 
83,474,450 
73,503,000 
206,240,500 
676,630,000 
861,500,000 



,144,331 



214,087,835 
62,203,146 
07,837,960 
77, 105,000 
216,106,500 
560,575,000 
038,770,000 



174.447,164 
41,284,456 
61,159,850 
14,442,000 
57,431.500 
64,665,000 

114,160.000 



617,579,969 



3, 186, n4, 431 



4.000 
257,141,636 
73,0S4,845 
112,475,450 
80,879,000 
225, cm, 500 
582,725,000 
1,025,510,000 



3,356,864,431 



0,622,S40 
317,961,896 
84,532,245 
136,619,4^ 
84,519,500 
236,329, £00 
598,600,000 
,136,300,000 



198,132,164 
43,397,665 
63,596,350 
15,739,000 
59,684,500 
58,360,000 

120,870,000 



550,779,869 



36,000 
350,778,364 
60,ll5,15e 
71,358,850 
17,065,000 
61,346,500 
81,315,000 
146.230,000 



678,244, 86« 



98,177,160 
267,238,104 
60,667,755 
72,814,850 
19,624,500 
66,451,500 
$3,150,000 
173,760,000 



236tBa\,ooo ,i,«ii,^ib,^v\»ft,"i;s^,«ft 



284 



KEPORT ON THE FINANCES. 



No. 35. — Silver Gbrtificates of each Denoionation Issued, Redeemed, and 
Outstanding at the Close op each Fiscal Year from 1902. 



D^TinTnlTiiitlqiu 



Fne dollar- * * ,»<.,.*.*» 
Owo doUara ,.,-.,, 

Tlve doUars,,.., ,.,,.. 

TGiidtjlJflrs.... 

Tweoty dolliira^,,^^.. 

Fifty doliara... 

One tmndreJ dollura,. 
Five bundrod dollars.. 
Ooe ttaoustiDd dollarH^ 



Total, 



i«a3. 

Otjc doUar 

Twodollani.,... 
Ft ve dollars, , 



ItiBoed dui^ 



Total IsaidBd. 



Bfldeemed 
during year« 



I 



S69»67fi,000 ! 

numooo 



I3&t,77§>000 
1%» 440,000 
758,040,000 
5(0,554.000 
28e,60ti,000 
e7,G60,€00 
81,540,000 
10,050,000 
^,4SO,000 



235.508,000 '. 2,34jO,246,D0O 



«St,33T,S86.00 
27, ew, 354. 00 
S3,S80,«80.QO 
37,317,730.00 
13,722,300.00 
2,703,€&aDO 

s97,3oaoa 

13,600100 

io8,ooaoo 



210,535,000,00 



7G»C12,000 
3S,01(V,flO0 
157.430,000 



427,388,000 
230,455,000 
910.000,000 
565.514,000 



Ten dollars 1, 900, 000 

Twenty dolluffi 380,500,000 

FWty dollars , 6T,fiflO,O0O 

Odg hundred doUars *, . . I BU540, 000 

yivo hundred dollam.-. .., 16,6SO,000 

One thouaand dollirB. , „ . , „ . _ . . 32, 40O, 000 



Total 273.008,000 2,633,364,000 



81,320,000 
41.010,000 
178.CS0,«W 



190k 
Ono dollar......,.,. 

Two dollars,,,. 

Five doUfttB. ........._ 

TpodoUiira.. ' 9,000,000 

T WL-ntv dollars. ......... ! 1, 300,000 

Fifty lioUarn ... l,S00,0QO 

One hundred dollara ' 

Five hundrod doUum... **.*,_,*,[ 

Qm thousand dollara....|,„,..,..„.J 



508,708,000 

377,472,000 

1,094,140,000 

574,514,000 

200,500,000 

Oe. 450,000 

81,540,000 

10,050.000 

32,490,000 



04,006,011.00 

33,303,0^,00 

127,0^,14100 

36,101, 33a 00 

9,5fi£,aOQLOO 

I,723,e3£v00 

427,60a00 

i2,oQaao 
£7,ooaoo 



3ea.a99,ooaoo 



TotaJ ■ 
indeemed. 



1284,081, aOfit 90 

158*502,732.00 
£25,011, 787. SO 
493,360,889.00 
256,403, «fiO. 00 
61,fl35,26(l,00 
79,319,380.00 
16,580,500.00 
32,294,€0aO) 



I, goe, 349, 000, 00 



Oatstandliig. 



107,094,194.10 

39| 677,377, 40 

333, 088,313. SO 

71,lS4,tlL00 

^,101,350.00 

«,O24,735.00 

3,390,e2a00 

89|5O0.ra 

196,000.100 



453,997,000.00 



348, 0§7, 81^90 
191,805,811.00 
052,034,932.50 
518,501,319.00 
205,958,850.00 
03|348,na00 
79|74a«9i0.00 
10,SS9,50aOO 
32,351,COaOO 



79,300,183.10 

' 44,500.188.40 

' 204,025, 067. 50 

46,1152,781.00 

23.547,150.00 

L 4,301,110.00 

1,703,020.00 

57,500.00 

i39.ooaoo 



2,108,548,000.00 \ 4^4,706,000.00 



Total I 312,fi78,000 I 2,946,830,000 



79,913,407.00 
40,414,738.00 
100,263,175.00 
17,851,SfiO.D0 
6,876,530.00 
1,135,300.00 
320,000^00 

io,€oaoo 

31,000,00 



438,001,233.90 

233,280, MSL 60 

813,306,107,50 

£36,413,000100 

272,835.380100 

04,474.190100 

80,066,980100 

I0,e02,500.00 

32,382,000,00 



80,706,776.10 

45,191,4aa40 

381,841,SH150 

33,100,931,00 

18,030,02a 00 

4,075, sia 00 

1,473,02a 00 

47,50a00 

io8,ooaoo 



306,806,000.00 2, 475. 354, OOa 00 I 470,476,00a00 



190S. 

One dollar 

Twodollnrs..... 

Five doUtLTB 

Ten dollars. 



95,640,000 

45,200,000 

175,400,000 



604,348.000 

322,072,000 

1,269,000,000 

574,514,009 

Twi?atv dollara ..., ...,.....,..,- 290,806,000 

Fifty iiolijifs ....; 09.450,000 

One hundred dollars,.,.. .......J 81,540,000 

FlvG htiMd(>?d doltftfB,... 16,fl50,000 

Oaa thcuaand doUara. i 32, 490,000 



86,341, 

42,aCE2, 

173,339, 

13,739, 

5,139, 

1,500, 

340, 

5, 

33. 



703.00 
OffiZ.00 
n5:00 
410.00 
500,00 
150.00 I 
400.00 ' 
000.00 
000. OO 



614,343, 

274, 4S2, 

984,027, 

5^0,153, 

277,974, 

60,a&4, 

80,307, 

10,607, 

32.415 



926l90 I 
611,90 ' 
88^50 I 
479,00 
88a 00 
340.00 
380.00 
500,00 
000.00 I 



90, 106, €7X10 

48,189,388.40 

381,1172,117.50 

34,301,521.00 

12,^1,130.00 

3,395,ti0aii0 

l,232.C(2aOO 

42,500,00 

75,000.00 



Total i 316,300,000 3,262,130,000 ' 321,611,000.00 2,796,865,000.00 i 465,265,00a00 



1906. 

One dollar i 102,512,000 706,860,000 

Two dollars....,., 40,644,000 363,216,000 

Flvedollar;S,...„ 178,100,000' 1,447,700,000 

Ten dollafff. 574,514,000 



Twentv doUafB. 

Fifty (foli JITS 

One hundred dolijii'*, . 
Five himdfipd dolliirs . . 
One thotuand doUiu^. 

Total 

1907. 

One doUar 

Two doiian 

Flvo dollars. 

TeudoihirB 

Twenty dolbjra,, .. 

FlltydollurB.... 

On(* hiindrpd dolhim. . 
Five hundr^ dollars. . 
Oae thouMiLod dalhirs. 



290,866,000 
69,450,000 
81,540.000 
16,650,000 
32,490,000 



91,596,877.00 

41,561,298.00 

164,148,335.00 

7,510, lia 00 

3,014,480.00 

910,700.00 

190,200.00 

4,000.00 

12,000.00 



605,839, 

316,043, 

1,148,776, 

557,662, 

280,989, 

66,965, 

80,497, 

16,611, 

32,427, 



803.90 
909.60 
217.50 
589.00 
360.00 
040.00 
580.00 
500.00 
000.00 



101,020, 

47,172, 

298,923, 

16,851, 

9,876, 

2,484, 

1,042, 

38, 

63, 



196.10 
090.40 
782.50 
411.00 
64a 00 

oeaoo 

420.00 

fioaoo 
ooaoo 



I 321,156,000 3.583,286,000 I 308,948,000.00 3,105,813,000.00 477,473,00a00 



101,996,000 
48,752,000 
153,960,000 



•|- 



808,856,000 

411,968.000 

1,601,660,000 

674,514,000 

290,866,000 

69,450,000 

81,540.000 

16,650.000 

32,490,000 



ToUl 304,708,000 3.887,994,000 



94,964,739.00 

40,899,996.00 

163,279,185.00 

4.454,890.00 

2,041.090.00 

613,100.00 

135,000.00 I 

3,000.00 

13,000.00 



700,804,542.90 

356,943,905.60 

1,312,055,402.50 

662,117,479.00 

283,030.450.00 

67,578,140.00 

80,632.580.00 

16,614.500.00 

32,440,000.00 



108,051, 

55,024, 

280,604, 

12.396. 

7.836, 

1,871. 

907, 

35, 

50, 



457.10 
094.40 
507.50 
S2L00 

5saoo 

86a 00 

4aaoo 
5oaoo 
ooaoo 



306,404.00a00 • 3, 412. 217, OOa 00 475.777,00a00 



TREASURER. 



235 



No. 35. — Silver Certificates of each Denomination Issued, Redeemed, and 
Outstanding at the Close of each Fiscal Year from 1902— Continued. 



Dejl<fmliia.tkH]. 


Issued <i\ir- 


Total IssiKHl. 


R«d*jemed 
duiing Tear, 


Total 
rudeemed. 


OutatandiAg. 


1006. 

Ono doUflr. , , „, , 


tl0a,fi32,000 

4&,aM,000 

125^100,000 

8,800,000 

«, 000, 000 

G,eoo,ooo 


fei.i, figs, 000 
4^,oci:^,ooo 

1, 72(3. TiJO. 000 
6«3.aH,000 
290,826.000 
76,050,000 
81,540,000 
16.650,000 
32.400,000 


1102,077,663.00 

45.044,3^.00 

151,075,315.00 

3,001,410.00 

2,022, 2fla 00 

430,000.00 

i2o,ooaoo 

5.000.00 
7,000.00 


401,088 257.60 

1,4a, 130, 717. 50 

Sti5.1lS,8SB.OO 

385,053,710.00 

6«,Q0«.14a0O 

80,752,580.00 

16,610.600.00 

32,447, OOaOQ 


1112,805,794.10 


Two d<iJ1iirs. , . . 


5(Jt 013,742. 4© 
263,<]2S,2S:;,5i0 


TdQ doUiu^ 


18, 195, U K 00 


fwHIltV df^KTH . . . ^ 


14 773 'Ml 00 


Flftf dblkii. , . , . _ 

One faundred doilHxs. . « ! . « 


8,04L,B(jO.O0 
787,420.00 
30 500 00 


Tin hiinrlFMl riAflfLiPA 




On* thoonnd doll&iK 




43,000.00 








Total. 1 


3Q2,S5e^.00a 


4,190,350,000 


30a,7S3, 000.00 


3,716,000,000,00 


474 3n50 000 00 







No. 36. — ^Amount of United States Notes, Treasury Notes, Gold and Silver 
Certificates of each Denomination Issued, Redeemed, and Outstanding at 
the Close of bach Fiscal Year from 1902. 



DoQomlimtioii. 



! Ing year. 



Total ifldiMd, 



lOGQ. 
Qjm doU^Kr, .....*....-, 

Two dollftft.... .... 

Vive d«Uaii. >........>. 

Ten dollAn-. 

TiroatT dollars. ....... 

Flftr doU&rs *>..,...,. . 
One iiDDdfed doU^fs. .. 
V\ve biwdPBd doUan... 
OaetlM^uund dotlar».. 
FItq tboowid doUAfB . 
Ten thouuad dollars, . 



Total,,,,,.,..,. 
Onlmown. destroyed . 



Net. 



1003. 

Ona dollar... 

Tiro doJllan. ...... ..... 

FlndoUan 

T^n dollars.. ........... 

Twontv dollui 

Flftrdotlarg..... 

OnebtuidAd dollurfl... 
FlTtt bundled doUaxs . . 
Otu thouaand dollars.. 
FlTO tb4>iuaiid dollars . 
TfeD tbq iisaod dollars . . 



Total,,. 

Unknown, destroyed 



Net. 



tSg.^TG.OQO 

31,072,000 

141,800,000 

104,080.000 

47,840,000 

3,800,000 

12,400,000 

4,700,000 

11,800,000 

2,000,000 

42,740,000 



|604,S44,I60 

435,011,048 

.1,472,301,760 

l,421^i65,240 

1,014,748,400 

267.240,200 

372,478,300 

301*, no, 000 

722,267,000 

ea3,035.ooo 

801,000,000 



diirlEif year. 



$52,457,503.00 

28,868.443.00 

112,494,045^00 

86,417,220.00 

45,908,000.00 

g,7O8,3SO.0O 

10,^00,800,00 

5,tiO2,260.00 

13,756,000.00 

740,000.00 

41.^40.000.00 



Total 
redefiZD^. 



OutAtandtpg. 



(534,044, 
aiK,619j 
1,11^,250, 
1,147,238, 
806,^1, 
226.207, 
3l&,<;i0, 
287, 0y7, 
G50,069, 
503,025, 
712,040, 



600.70 

65A.50 
008.00 I 
814.00 
S3&00 
330.00 
600.00 J 
500.00 
OOOiOO I 
OOOiOO I 



170,700, 

42,301, 

272,945, 

277,^27 

307, 7ec; 

40,342, 
52,807, 
21], 072, 
72,177, 
30,010, 
88,060, 



55D.30 
28&20 
104 50 
2^.00 
586.00 
305,00 
070,00 
500.00 
500.00 
000.00 

ooaoo 



466,008,000 8,04&,561,1G8 



40S, 083, aoa 00 10,868,301,003.00 1,178,260,10^00 

..„.,„,,..l 1,000,000,00 1,000,000,00 



466,OOS,000 8,040, 561, 108 



40B, 083, ooaoo 0,860,301,00(3.00 



75,612,000 

38,OlO,lX)0 

li^ 420, 000 

111,560,000 

9,530,000 

14,200,000 

11^,200,000 

3,500,000 

11,300,000 



50,710,000 



551,038,000 



8,£07,5»D,108 



551.038,000 



6S0,456,16O 

473,027,048 

1,620,6:^1,700 

1,536, 125, :j40 

1,084,268,400 

2i*1.440,^30 

391,ti78,300 

312,670,000 

733,507,000 

023,035,000 

851,710,000 



64,301,738.00 
33,«S8,98a00 
143,090,702.00 

too,io6,Q3aoa 

53,074, 42a OO 
ll,041,70aOO 
13,4126,650. 00 

4,718, ooaoo 

10,673,000100 

1,575, ooaoo 

52,690,000.00 



488, 558,2201 00 



8.507.500.1(18 488,5S8,22&Q0 



1904^ 

One dollar. 81,320,000 76l,n6,lflD 

Two dollars...... 41,016,000 614,043,048 

Fh fi dollars \ 1 78, 080.000 Jl , SG7, 701, TflO 

117,440,000 !l, 653, 505, 240 
G3,«20,000 '1,148,188,400 
13,300,000 204,040,200 
21,010.000 413, ess, 300 
K. 400,000 321,0ro,€O0 
21,JIO,000 754,7n,000 
2.1,000.000 646,Oito,000 
81,430,000 933,140,000 



Ten dolls ri 

Twenty dollais. 

FlftT doners...,. 

One aimdmd dr^lUnr^ 

Five htindtprl doUurs , . 

One thonsHod ^{^jUarn , . 

Five tbousand dollara. . . , , 
Tto thousand dollars 



Total 

Unknown, deatrojed . 



Not. 



i>JO,020,000 



650,020.000 



80,084,609.00 

40,585,350.00 

168,500,»70.00 

117,223,»4a00 

61,067,450.00 

11,902,075.00 

15,^3,000.00 

4,440,000.00 

11,442,000.00 

2,010,000.00 

61,670,000.00 



0,247,625,108 565,340,300-00 



{^,247,025.108 566,340,300.00 7,023,190,523.00 



5e8,43«,33S.70 
426,318, 73a 80 
1,342,347,357,50 
1,247, 346, Q3& 00 
SCO,056,234.00 
237,330,535.00 
333,236,9Ba00 
291,815,5Qa00 
C60,6G2,60aoO 

504, €00, ooaoo 
764, TOO, ooaoo 



7,350,850,223.00 

1,000, ooaoo 



7. 357, 859. 22a 00 1,23S», 7:^0.8^00 



1,177,2(30.105.00 



ffi,010, 

>r.i.':-J 

2:>s.77u 
224/212 
44,100, 
5S,441, 
20,854, 
72,904, 
28,435, 
87,010, 



821.30 

:mi.t, 20 
4u:j 30 
LiU.OO 
ItAiOO 
665.00 
320.00 
600.00 

5oaoo 
ooaoo 

O0U.OD 



,240,7:^,885.00 

1,000,00a 00 



678,520,947,70 
4(i0,gO4,0B5^8O 
1,310,1^,327.60 
1,364,660,078.00 
91^,0^,684.00 
3«), 241, eta 00 

348, Geo, 88a 00 

206,255,500.00 
672, IW, 500. 00 
506,610,000,00 
816,370,000.00 



7,922,190.623.00 

], 000,00a 00 



83,255,212,30 

47,1^,S5^>.20 

206,76:^,432.60 

288,905,203.00 

226.164,716.00 

45,% 500, 00 

64.027,420.00 

24,814, SOO. 00 

S^,672,.yXI.00 

49,42.'j,000.00 

110, 770, ooaoo 



1,326,426,585,00 

1,000, ooaoo 



1,324, 435, I^FIPO 



236 



BEPORT ON THE FINANCES. 



No. 36» — Akoitnt of United States Notes, Treasury Notes, Gold and Silvsr 

Oertificaths of each Denomikation Issued, Redeemed, and Outstanding at 
THE Close of each Fiscal Year from 1902 — Continued. 



BeuomlBfttloii. 



Issued dur- 



Total laau^. 



durli^ year. 



Total 



OoUtandl^g. 



1905. 

Odh dollar 

Two dollars, _*.*-** _,*, 

FlVQ doiJars , 

Ten doUara * 

Twenty dollars *.,_..,*• 

FUtjf doliats 

One hundn^d doUaw,,, 
Five himdiDd doliara. .. 
One thoti^mid dolUirs,, 
Flvfl tbouoand doLLara.. 
Ten tboussjid dollars. . 



Total 

Unknown* destroyed , 



Net. 



1906. 
One dollar 

Twodollura„......*,.. 

¥lY0 dollars 

Ten dollars ,.,*... 

Twenty doUftra, * * 

Fifty dotiars... 

One bunded dollars, , , 
FJto hundred doUars. . 
One thousand dollars . . 
Five thou^iaiLd dollars. 
Teo thotteatid doiJjirs, - 

ToUl „.,. 

Unknown, deatroyad. . 



Net. 



Ono dollar*,,,,*,,.-.,. 

Two dollars. 

five dollars*,,,,, 

Tan dollars 

Twenty doUAfSp *,,-,,, 

Fifty dollars,. 

One Uundrtid dollars... 
FlvQ hundred dollars, * 
One thou^nd doUars.. 
Five thousand dollars - 
Ten tbotiBand dollar a. . 



Total.. 

Uaknown. deacroyed. 



NPt. 



1008. 

OneikiUftr.. *„, 

Two dollars*..,. 

F I Vti dollars ,,**,„ 

Ton doUais...., * 

Twenty doUan,, ,.*,,. 

Fifty dollars.. .., 

Ono hand rod dollars.. . 
Five hnodTt?d dollars. . 
Ona thoujaiKl dollars. , 
Five thoosimd dollun*. 
T«n thousand doUai^. . 



Totai*,..* 

tJttlmDvm* il^troyfld. 



N&L. 



1^,640.000 
46,200,000 

136^320,000 
54,240,000 
le, 400, 000 
2a, 200, 000 
2,S00,000 

a, MO, 000 

7,250,000 
82,620,000 



{657,416, J GO 
£53,243,043 

1,779,885,240 
J, 202, 428,400 
311,040,200 
43^,8^,300 
333,870,000 
763,287,000 
e^,2S5,000 

1,015, GOO, ooa 



Sttt}, 343, 309.00 
i 42,298,141^00 
]76,47d,5aaOG 
mi800,tJ70,00 

H ^7, 07a DO 
I 12,51/7, 65a 00 

15, WS, 200. 00 
' 4^6£^,D0a00 

io,e^,ooaoo 
2,oio,Doaoo 

fi5,12O,00a0O 



637,540,000 



1754, 804, 31& 70 
500, 2(22, 23& ft} 
l,e87,«7,827.50 
1,487, 45!>,ti48^ GO 
S#Mi,^30,75iOO 
261,fKlQ,2tia00 
304,309,060.00 
300,Q24,50aOO 
€8^,788,50000 
aJS,fl:.'*),0O0.t)O 
001,400.000.00 



Sd3,551,g4X 30 
50,tMa,811.2O 
2»a,743,va2. 50 
292,445,502.00 
215,807* e4& 00 
4», 100, 940. DO 
71,579,22&00 
22, MS, £00.00 
80,408,500100 

H«^>ooaoo 

ii4,m>aoaoo 



9,885,165,108 023, 00:6. OOa 00 8,545,225,123.00 
1,000,000.00 



l,^,g38,9£5LOD 
1,000,000.00 



537,540,000 



9,885, 165, lOS ;023,O26,OOaOO ;8,54*i,226, 123*00 



1,338*9(33,985.00 



102,512,000 
40,544,000 
178,100,000 

6G,000,000 
12,300,000 
1C,SOO,000 

4,000,000 
U, 200,000 

5,750,000 
83,080,000 



05&,02S,ieO 

599,7S7,04S 

2,161,201,700 

1,887,725,240 

1,268,428,400 

323,240,200 

4^,088,300 

32^,770,000 

774,487,000 

059,035,000 

1,090,640,000 



oi.6ei*64aoo 

41,623,185,00 

100,318,545.00 

104,293,260.00 

51,239, 14a 00 

1K7G4,200.DO 

16,110,100 00 

4,324, OOa 00 

10,787,000,00 

2,045,000.00 

77,270,00000 



629,820,000 10,514^991,108 :577,44&,10a00 



0,122,671,223*00 
l,DDOjOOaOD 



629,826,000 10,514.091.108 577,4i5,10a00 



0,123,671,223.00 



101,096,000 
48,752,000 

154,6tlO,000 

104,300,000 
94,800,000 
17,600,000 
22,400,000 
5,100,000 
11,500,000 
35.005,000 

10,100,600 



1,061,024,160 

648,539,048 

3,315,921,7(10 

1,092,085,240 

1,363,228,400 

310,840,200 

475,088,300 

333,870,000 

785,987,000 

684,040,000 

1,211,740,000 



95,008,371.00 
40,943,864*00 
164,605,400.00 
I0l,07l,0(>.i00 
48,130,2€0.00 
11,961,150*00 
15,857,200 00 
4,407,0001 00 
11,157,000 00 
2,050,000 00 
80,740,000 00 



608,273,000 11,213,264,108 j582,0Q2,Q0O00 



698,273,000 lU13,3C4,10a ^582,902,000*00 



106,832, 
46,664. 
203,320, 
139,040, 
79,130, 
18,000, 
17,860, 
6.450, 
31.780, 

I7,noo, 

138,330, 



000 |),168, 
000 604. 
000 2,510, 
000 2.131, 
000 1,442. 
000 I 369, 
000 492, 
000 , 340, 



S17, 
701, 



766,100 
603,048 
241,7(10 
125,240 
34S,400 
440,200 
888.300 
330,000 
767,000 
040,000 
030,600 



1102, 120^ 31 fiu 00 
I 45,083,660.00 
160,800,758100 
115,072,370100 
66,320,6«a00 
12,347, 6fia 00 
15,415,90000 
S,605,50a00 
14,670,000. 00 
16,175,000,00 
110,790,00000 



804,326,000 13,017,600, lOA 



665,^0,000.00 



804,320,000 12,017,500,108 666,220,00000 10^71.793.223.00 



856,525,956 70 

550,825,42180 

1,853,730,372.50 

1,501,732,038*00 

1,037, 700,894, 00 

273,4Ui3,46a00 

380,428,180 00 

305,2ia,500.00 

003, 575, 600. 00 

600,665,000 00 

978,7(50,000 00 



103,402,203.30 
48,901,636,30 
307,525,387.50 
205,902,30200 
230,658,50600 
49,836,740 00 
72,260j,120lOO 
33,£Sl,600,00 
80*011,50000 
58,370,00000 
120,880,000.00 



1, 302 H 310, 885^ 00 
1,000,600.00 



1,391,310,885.00 



951,634,327.70 

501,7(30,285.80 

2.018,341,862:60 

1,683,704,603 00 

1,085,950,154 00 

286,384,610 00 

396,285,38000 

300,665,500 00 

764,732.500.00 

e02,7E5,t*X>.00 

1,065,500,006 00 



110,389,832.30 

56,760,702.00 

t^ ,570,897, 50 

208,380,637.00 

277,278,24^00 

55,456,500 00 

78,8OI|9Q0.00 

24,214,500.00 

81,354,60000 

M, 335,000 00 

146,240,00000 



0,^^573^223,00 
1,000,000 00 



1,507,690*885^00 
1,000,00000 



9,706,573.223*00 



1,653, 
63^< 

2,170. 

1,809. 

1,162, 
297. 
411 
315. 
710, 
618. 

1,176, 



654,642: n» 
853,135*80 

151,617,50 
r»7f;*073.Di» 
270,814,00 
732,200.00 
701,280 OO 
UiLOOODO 
411,500 00 
800*000 00 
200,000,00 



115^101,»7.»0 
57,740,012.20 

^40,000, 1 «1 50 
321.448,267,00 
290,677, iee. 00 
61,7O7,Ma00 
81,187,001100 

2s^]so,ooaoo 

98,355,500.00 
82,160,000.00 
173,770,00000 



10,370.793,229.00 
1,000,000 00 



l,64fi,7»6,8BeL0Q 
1,000.000.00 



1,645, 796,885. 00 



TREASURER. 



237 



IVo. ST. — ^Amount of Paper Gurrbncy of each Denomination Outstanding 
AT THE Close op each Fiscal Year prom 1902. 



Daiomination. 



Legal-tfiUder 



CertLfit^taa. 



NAtloti&l-baiik 
DDt«a^ 



ToUL 



19Q2. 

One dollar 

Two dollars 

Five dollars 

Ttn dollars 

Twenty dollnrii. 

Fifty dolUrw... 

One hundred doUans. «. 
Five ftartdfed doUara... 
One thousand doLlnrH^. 
FlvetbouMtid dollars.. 
Ten thou uuid doUara.. 



Total 

Unknown, destroyed . 



Net. 



1903. 

One dollar. . - — 

Two dollars *„».,. 

Five dollara.. ..-... — .. 
Tph doJI&re. *^ „,,,*,,,. 
Twenty dollare *...♦*... 

Fifty dollflrs 

One hiindrPKi doHari. . . 
Five hundrefj tioilura,^. 
One t houeatid dolJa r&. . 
Five thousand doUara.. 
TecL thousa^Qd dot I are. . 



Total 

Unknown, destroyed. 



Net. 



1904. 
One dollar 

Two dollars. , 

Five dollars , . , * ,. 

Ten dollnrs ,„,,,,,. 

Twenty dollars, .»..►,.. 

Fifty dollars 

On* litindfod dnllam . , . 
Five hundred dnllara... 
One thou a^nd dollars , . 
Five thousand dollars.. 
T«i thouaaad dciUan$. . 



Total 

Unknown, destroyed. 



Net. 



1906. 
toe dollar 

^rp dollars «« ^,.>. 

nve dolUira. ..._....... 

Ten dollars...., »,„„,, 

Twcntv dollars^*..,.... 

Fift J acllars ...,,.,,. .. 
One hUDdred dollar? . . . 
Five hundri^ dollars. ,. 
Ode thousand dpllart.. 
Five thousand doUara.. 
T«a thous&Qd dollars . . 



Total ^... 

Unknown, destroyed. 



Net. 



2^514.011 

39,316,892 

2m, 14^p 121 

59,1%, 852 

9,13<6S,225 
18,677,050 

&,25S,fi(» 

lOiOQQ 
l<t,€OD 



167, 604 J &4 
39,877,278 

233, 62a, 213 
UtlMtUl 

148,629,734 
31,274,140 
34,190,920 
12,S14.{]00 
42,336,500 
3D, €00, COO 
8S, 960,000 



S346,^l 

166, 170 

M, 620, 060 

143,883,370 

107,4^,130 

16,241,000 

33,768,300 

9^,500 

25,000 



rM45,9O0 

42,557,45fi 

327,50&,lAi 

421,310,603 

315.254,100 

57,l8;i,36S 

86,6%, 270 

22,in,aQ0 

72,202,600 

30,010,000 

88,960,000 



377,681,016 I 
1,600.000 |, 



800,579,060 



350,636,^1 ], 534, 896,980 
t,OUO,000 



376,681,016 



2,719,63S 

2J18,120 

S3, 249, 335 

241,830,421 

43,003,252 

6,743,550 

13,183,300 

7,701,500 

25.360,000 

10,000 

10,000 



366,924,016 
1,000,000 



3G5.9S1,010 



2t54S,4% 

1,947,502 

14,921,540 

^0,8»4,331 

^,213,632 

5,845,075 

11,450,600 

9,dN,000 

25,115^000 

10,000 

10,000 



360,650,016 
1,000,000 



350,659,010 



2,446,771 

1,851,422 

10,771,815 

268,084,071 

28,550, 303 

4,720,825 

0,186,750 

8,461,000 

22,9^,000 

10,000 

10,000 



357,094,016 
1,000,000 



800,579,039 



356,636,881 ; 1,533,896,086 



79,300, 1S4 
44,500,18S 

264,025,067 
46,952,781 

180,218,914 
37,367,115 
4&, 258, 120 
13,153,000 
47,536,500 
28,4^5,000 
87,000,000 



345,959 
166,960 
61,798,905 
172,263,760 
127,446,540 
16, 676, MO 
34,815,300 

25,000 



£73,816,809 



82,365,781 
46,874,268 
349,073,^17 
461,042,902 
351,658,706 
60* 777,215 
93,256,520 
20,951,000 
72,929,500 
28,435,000 
87,010,000 



413,634,374 1,654,374,269 
.1 1,000,000 



873,815,850 



413,634,374 11,653.374,25^ 



80, 706, m 
45,191,450 

281,541,892 
38,100,931 

187,951,184 
39,5.*i3,515 
62,567,820 
15,120,500 
57,557,500 
49,416,000 

116,760,000 



345,145 

165,282 

62,827,170 

1^,305,990 

141,901,340 

17,591,600 

36,939,000 

95,500 

34,000 



961,766,569 



149,197,737 



^,600,358* 

47,304,234 

359,590,602 

478,301,222 

368.068,966 

62,990,090 

100,966,439 

24,910,000 

82,606,500 

49,425,000 

116,770,000 



1,774,633,383 
1,000,009 



064.766,560 



449,197,797 I l,773,<i23,3aa 



90,106,074 

384,972,117 
21,361,521 

187,338,284 
44,680,115 
62,392,470 
14,464,500 
57,506,500 
64,666,000 

n<,16fl,000 



344,609 
164,993 I 
68,473,495 1 
211,148,110 
158,704,700 
18,238,850 1 
38,487,500] 
95,000 * 
34,000 



982,844,969 I 496,681,316 



356,094,016 \ 982,844,960 495,681,316 1,834,620,301 



92,896,514 
50,205,8(9 
364,217,427 
509rfi63,7Q8 
374,603,346 
67,639, 7» 
110,066,720 
23,010,500 
80,622,600 
64,665,000 
114,170,000 



1,835, 620, 301 
1,000,000 



238 



BEPORT ON THE FINANCES. 



No. 37. — ^Amount of Fapeb Currency of bach Denomination Outstandino at 
THE Close of each Fiscal Year from 1902— Continued. 



Denomination. 



1906. 

One dollar 

Two dollars 

Five dollars 

Ten dollars 

Twenty dollars 

Fifty dollars 

One hundred dollars. . . 
Five hundred dollars. . . 
One thousand dollars. . 
Five thousand dollars.. 
Ten thousand dollars. . 



Total 

Unknown, destroyed. 

Net 



1907. 

One dollar 

Two dollars 

Five dollars 

Ten dollars 

Twenty dollars 

Fifty dollars 

One hundred dollars. . . 
Five hundred dollars.. 
One thousand dollars. . 
Five thousand dollars. . 
Ten thousand dollars. . 



Total 

Unknown, destroyed. 



sgjil-teiider i CHttlflj^t— NalioBaJ-ball^ ' 
notes. t^anuM* 



12,382,007 

I, 789,036 

g,i»iieos 

27^, 140, £^1 

3,953,925 

7,e£l,350 

7,744,000 I 

21,lM,O0a ] 

10,000 ; 

10,000 , 



Sim, 020^197 
17,172,090 

208,92^,782 
ifl,fi51,411 

206jOQ6,SD4 
45,882,Sla 
e4,63S,770 
15,777,500 
M,7I7,500 
5g,aOO,OOQ 

130,870,000 



pfaiiQuaj-tHuiE 


T(n«L 


1^44,353 


tlfi3.74fi,£SS 


1^,806 


«,L2&,432 


7fi,gS0,lT& 


34,414,532 


^40,007, 710 


536,000,013 


lM,O07,flaD 


411,75e,iaft 


19jS34,800 


»,771,fi40 


43,S1&,600 


114,779,720 


94,500 


33,616,000 


24,000 


ao,fl3s,ai» 




58,371)^000 
1JO,SH),000 


— .... ,.,. . 



3^,067,016 I 
1,000,000 I 



i,oa7,2S9,«ao 



I 1,000,000 



3^,067,010 I l,037,352,fie0 



SGl,07?,5e3 1,052,393,448 



2,33B,375 I 

l,74S,ti68 

T,B75,30D 4 

285,048,110 

1^,004,332 

3,4G8,&75 

0,536,650 

7,114,000 

I9,35g,00Q 

10,000 

10,000 



103,051,458 
55,024,004 

289.(304,^97 
13,432,521 

258,013,014 
61,flS7,015 ' 
73,260,270 : 
17,100,500 } 
61,3P6,500 
81,315,000 . 

146,230,000 I. 



104,708 

tU,S20,7Q6 

347,378,750 

183,971,240 

I8,2^>300 

30,705,100 

63,000 

34,000 



3£3,ffi30,01O 
1,000,000 



1,154,0(21,860 I 003,747,053 



Net , 362,6e»,01« I 1,164,021,860 003,747,053 



1908. 

One dollar 

Two dollars 

Five dollars 

Ten dollars 

Twenty dollars 

Fifty dollars 

One hundred dollars. . . 
Five hundred dollars.. . 
One thousand dollars. . 
Five thousand dollars.. 
Ton thousand dollars. . . 



Total 

Unknown, destroyed. . 



Not. 



2,206.723 
l.TOftJTO 

7tJ.4eO.SfiO 
306,075,flSe 

18,066.102 
2,098,325 
7.6S4.760 
5,fiO4,0O0 

32,»QUO0O 



10,OOD 



3S2. 663.016 
1,000,000 



113,805,7^5 

66.043,742 

263,629,282 

Ufi,372,a7l 

273,011,394 

53,700,015 

73,(502,270 

ig. 665, 000 

65,404,500 

83,150,000 

173,700,000 



1,204.133,860 



351,663.016 I 1,204,133,660 



343,878 

1M,470 

147. 594, iU 

^8,381.100 

200,533,280 

18.360,150 

40,T87.KK> 

^1,000 

24,000 



efle.290,503 



608.290.603 



110,734.06^ 
56,934,470 
411,406,002 
545.760,387 
461,240.486 
73,004,890 
118,508,020 
24,307,500 
£1,278,500 
81.335.000 
146,240,000 



3,m,4a7,9a7 

1,000,000 



2, 110, 437^097 



116,44S,396 
57,014,383 
4S7,l«4.557 
Ii0ft,320,3^ 
402,610,866 
80,077,090 
131,074,330 
25.252,000 
i«, 370. 500 
82,150,000 
173.770.000 



2,545,007,478 
1,000,000 



3,344,667,478 



No. 3§.— Old Demand Notes op each Denomination Issued, Redeemed, and 
Outstanding June 30, 1908. 



Donomlnation. 



Total issued. 



Redeemed 
during year. 



Five dollars ' $21,800,000 

Ton dollars 20, 030, 000 

Twenty dollars 18, 200, 000 

Total 60.030,000 



I 



Total redeemed. 



$21,778,622.60 
20,0I0,236l00 
1«. 187,860. 00 



0.976.717.50 



Outstanding. 



$21,377.60 
19,766.00 
12, 14a 00 



63.282.60 



TBEASUEEB. 



239 



No. 39. — Fractional Currengt of each Denomination Issued, Redeemed, 
AND Outstanding June 30, 1908. 



Denomination. 



Three cents 

Five cents 

Ten cents 

Fifteen cents 

Twenty-flvc cents. . 
Fifty cents 



Total.-. 

Unknown, destroyed.. 



Net. 



Total issued. 



Redeemed 
during year. 



$601,923.90 

6,094,717.85 

82. 198, 45a 80 

5,305.508.40 

139,031.482.00 

135,891,930.60 



368,724,079.45 



368,724,079.45 



$11.20 
244.00 
3.40 
468.16 
463.26 



1,180.00 



1.180.00 



Total redeemed. 



$511,719.78 

3,836,191.48 

77,142,000.43 

5,065.545.60 

134,762,257.01 

132,135,612.45 



353,453,326.84 
32,000.00 



353,485,326.84 



Outstanding. 



$90,204.12 
1,858,626.37 
6,056,466.37 

240,022.71 
4,209,224.99 
3,756,318.05 



15,270.762.61 
32,000.00 



16,238,762.61 



IHo. 40. — Compound-Interest Notes of each Denomination Issued, Redeemed, 
AND Outstanding June 30, 1908. 



Denomination. 



Ten dollars 

Twenty dollars 

Fifty doUars 

One hundred dollars. . 
Five hundred dollars.. 
One thousand dollars. 



Total. 



Total issued. 



Redeemed 
during year. 



$23,285,200 
30.126,840 
60,824.000 
45.094.400 
67.846.000 
39.420,000 



266,505,440 



$50 



60 



Total 
redeemed. 



$23,265,200 
30,094,070 
60,762.760 
45,062,600 
67,835.000 
39,416,000 



266,435,620 



Outstanding. 



$20,000 
31,770 
61,250 
31.800 
11,000 
4,000 



150,820 



No* 41* — One and Two Year Notes of Each Denomination Issued, Redeemed, 
AND Outstanding June 30, 1908. 



Denomination. 



Ten dollars 

Twenty dollars 

Fifty dollars 

One hundred dollars. . 
Five hundred dollars. 
One thousand dollars. 



Total 

Unknown, destroyed . 



Total Issued. 



Redeemed 
during year. 



$6,200,000 
16,440,000 
20,945,600 
37,804,400 
40, .302, 000 
89,308.000 



211,000,000 



Net ' 211,000,000 



$10 



10 



10 



Total 
redeemed. 



$6,193,970 
16,427,780 
^,932,300 
37,788,600 
40,300,600 
80,280,000 



210,932,160 
10,500 



210,942,740 



Outstanding. 



$6,030 
12,220 
13,300 
15,800 
1,600 
19,000 



67,860 
10,690 



57,260 



Xo. 4tl« — United States Paper Currency of Each Class, Together with 
One and Two Year Notes and Compound-Interest Notes, Issued, 
Redeemed, and Outstanding June 30, 1908. 



Qafis, 



Old demand no*£S.. . . . 

United States Dotes 

Tnmarr notes of 18Q0. 
Oddoertiflcates....... 

80 v« oertiacatea . . „ , . 
Ctimscj <»rtlflcal«s.. . 
Fnotfonal ctmBucy. 



IsQod 
during 
year* 



Sl^rtiia,OD0 



Om Kod two yetf ni 
CamiKHmd4nie]vit ootea. 

Total,..,,..., 



378, 300, 000 
302;3S6,000 



804.326,000 



Total (ssued. 



$^,010,000. 
3, 966, .U^ 80^. 

447,4:i5,0a0. 
3,446,4^,880. 
4,190,350,000. 
1.473,€35,€00. 

368,724,079. 

2U,O0O,0CO. 

366^ .E^, 440. 



Redosraed 
dining year. 



on.. 

0Ci*123,fil0,000. 
OO; ltOOtt,000. 
m. 230,821,000. 
00] 303,783, ODD. 

4Gt 1* 180. 

00' 10, 

00 60, 



Total 
rodeeinied. 



tsti,976,7l7. 
3/119,6^4,792, 

442,453r000. 
2.050,676.011. 
3,7lfltOQ0pO0O. 
1,473,63.% 000. 

353,485.3211. 

210,942,740. 

3C0, 435,^20. 



OuUCaiidtng- 



SSt i&3,2R2.M 
00 34G.f»81,01«,Q0 
00 4, fltf^H 000,00 
46 gl9,7S3,fieB.OO 
OO: 474,a50iOOO.OO 
00 
84 
OQ 



57,260.00 
159,830.00 



I4,430,fi&5,a07.0i 665,221,240.0012, 70S, 25e,aor.S0il,6ai,3OtSj000ai 



240 



BEPORT ON THE FINANCES. 



No. 43. — Ukfted States Notes akd Treasury Notes Rbdebmbd m Gold, akd 
Imports and Exports of Gold, during each Month, from Janttart, 1902. 



iConth. 



UtiJt«d3Utw 
Qotea. 



TroMory 
Dotes. 



TotaL 



Imports of 



Export* of 
gold J* 



10)02— January « 

Febnojsry*,,,, 

March 

April „. 

aiay... 

June .,.„- 

July 

September.... 

October 

November 

DPOt*m>Mr*,». 
1903— January * 

February, . , . 

March.,.*,,. 

April 

May 

Jane... .. 

July 

Aupnit 

September,., 

October 

November^,. 

December--., 
1901 — January 

February , . . . 

March 

AijrU 

M^y 

June... 

July. 

August. . . - , . 

Beptomber. . . 

October.^-,. 

Novembiir-.. 

Peoember . . . , 
190&— January 

February . , . , 

March 

April, 

MSy. ........ 

June..,....,- 

July.. 

August,,..,* 

Septomher.-, 

October...... 

November,.. 

December.,., 
iOoe--Jaiiuary. . . . . 

February.,.. 

March .,*..., 

t^f:::.v::.: 

June...*...,, 

July.., 

August*, 

Septamber... 

October* 

November... 

December.,,, 
1907— January . 

FebrtMiy . , . . 

March ....... 

AprU .,- 

MSy 

June.. 

July ,, 

August 

September.. , 

October 

NpTember.... 

December 

IS® —Jaaqaiy *,,... 

Februify 

Mareh., 

April 

June .,.. 

July,, ..,„*, 

Auinut 

a^pifflnbej-, . , 



t&, 106,090 

2eO.Qi3U 

568,025 
411. G52 
301,563 
263.126 
327,838 
m.3^ 
524. 7D0 
1,005,815 

4&5,fl75 
1,129,13S5 
1,175,465 

030,928 

663,950 

4£J7,203 

(jG4,O0O 

663,ri40 

1,10b, D% 

1,335,451 

l,0S9,ag3 

1.049,435 

i,oa4,ns 

1,200,708 
030,885 

1,310, fiOO 
ti62,465 
530,475 J 
&50,230 I 

706, gos 

«0S,093 ' 
2,14»,9ae> 

901, 7B5 I 
1,025, R-iS I 

7S0,546 

1,^8,480 

U0G&,936 

l,0te,733 

7M,g2& 

6fiS,OlO 

440,790 

7^,354 

flT4,fi45 

1,714,280 

177, L55 

1,0«8,51Q 

95^,750 

1,428,838 

803,105 

975,290 

395,505 

4S»,5U 

886,255 

1.173,440 

2,577,770 

83S,36& 

640,060 

871,165 

1,033,985 

1,060.675 

3,710,495 

2,087,130 

1,731,800 

2,661, 7S5 

5TA670 

470,3*5 

1,907,345 

1,657,635 

3,S39,.'J46 

1,747,&30 

1.173,660 

l,70&,Ste7 

3,034,605 

1,20^,974 



1111,490 

107,677 

74,254 

110,075 

101,210 

131.630 

103,273 

85,082 

66.445 

110. 302 

66.600 

57,240 

146, OSS 

78,125 

72,135 

69.370 

157,910 

90,300 

71,610 

43.160 

30,^fti2 

62,005 

14.005 

40,140 

71,319 

30,615 

5,365 

36,100 

34,660 

:i7,615 

33,175 

36.500 

16,660 

28,C40 

37,295 

27,575 

4f;,4^*i 

43,230 

35,06,^ 

15^675 

23,3m 

6,130 

17,875 

14^405 

0,050 

18,855 

8,800 

20,830 

30,130 

12,015 

IS, 635 

12,705 

26,0(15 

3,455 

6,615 

5,335 



6,050 

9,706 

10.308 

20,11^ 

17,300 

8,500 

8,175 

6,885 

2,300 

3,600 

13.850 

206 

2,235 

56S 

3.600 

2.245 

1,605 

200 

3,885 

4,400 

5,315 

3,810 

4.765 

0/J I 



15,216,680 

1,139,411 

272,793 

377,005 

490,533 

700,235 

614,9(25 

^6,665 

329, S70 

438,140 

388,012 

581,940 

J., 152, 500 

372.425 

52S, 110 

1,199,055 

1,336,375 

1,039.228 

1,093.060 

707, 110 

443, SOS 

727,685 

697,646 

1,1^,135 

1,396,770 

1,080,508 

1, OH, 800 

1,070.818 

1,235,428 

958,500 

1,352,075 

699,055 

547,135 

578, gTO 

734,290 

322,668 

?, 196,355 

945,01^ 

1,060,920 

706,221 

1,041,695 

1,071,065 

i,os3,eos 

700,330 

662.060 

4S0,645 

751,154 

806,675 

1,744,380 

8^,170 

1,067,135 

071,'^ 

1,454,933 

896,560 

981,906 

90D,ft4O 

439,515 

802,305 

1,183,145 

1,420,050 

2,507,885 

855,755 

548,580 

879,340 

1,030,870 

1,063,975 

2,723,005 

3,100,080 

1,733,006 

2,664,020 

573,335 

483,985 

1,900,590 

1,660,240 

2,830,745 

1,751,815 

1,178,060 

1,715,243 

3,038.806 

1,297,739 

1,357,040 



t7R306 

S38,6S3 

1,567,471 

898,940 

725,183 

762,003 

848,015 

873,988 

3,446.005 

8,612,461 

2,072.110 

1,313,002 

877,333 

992.331 

3,715,563 

837,132 

8a^.35i 

3,014.819 

2,337,503 

3,229,505 

2,637,008 

2,240,320 

8,511,322 

15,958,625 

7,193,300 

3,908.568 

8,053,0^ 

0,536,844 

0,889,837 

4,139,363 

8,433,809 

6,9«),529 

3,600,961 

7,481,253 

3,931,728 

2.538,099 

1,078,307 

i,»i,ooe 

4,144,0S3 
1,690,037 
1,803,174 

1,378,170 

3,903,863 

3,257,691 

5,400,685 

9,881,977 

4, 100,040 

3,671,421 

1,283,497 

740,673 

4,102,978 

13,630,046 

33,500,906 

1,348,717 

8,210,015 

6,736,327 

30,147,874 

25,600,713 

7,726,031 

6,480.511 

2,322,061 

3,437,464 

4,070,314 

3,700,765 

1,637,736 

1,009,940 

3,368,607 

3,180,071 

1,707,800 

3,524.348 

62,274,680 

43, «^. 656 

0,781.830 

1,876,618 

2,5S«.736 

i,4ai,3e9 

3,168.368 
2,SH417 

3, on, 018 
3,4ST,964 
3,840,734 



11,909,705 

8,611.387 
4,381.143 
3,837. 150 
1,902,773 

386,040 
7, 838, 73ft 
3,288,014 

487,891 
l,43fiuff71 

698,595 
3,835.873 
53,811 
1,4^,755 
1,034,9U 
1,694,910 
14,472,9P8 
12,47£,18a 
0,OS5,9I3A 
61,518 

937,744 

310,945 

827,653 
1,324,918 

536,285 

686,524 

3,029.065 

19,433,37S 

43,055,650 

1,449,319 

807.182 
10.742,078 
3,474,337 
3,811,064 
30. 679. 973 
13,443,769 
16,759,675 
14,7^.031 
3,384,637 
1,291,243 

455,890 
3,970, IQ!| 
1,055,060 

186,363 
1,412,904 

301,101 
1,117,091 
2,633,600 
6,689,914 
8,436,714 
6,845, <a 
2,423,313 
6,673,108 
3,191.340 
1,257.513 

575.505 
3,232,877 
6,054,117 
l.fi3&,lOO 
1.860,710 
3,136,081 
1,107.303 

2,oe9,osr 

3,303,056 

4,491,S41 

33.856,008 

7,M1,778 

4,571,001 

1,477,^ 

3,633,138 

57«.0B8 

976.458 

430,548 

l,g66,60C 

1*440,630 

I4»464;0ll 

3a,5tt;3tt 

^589,30 

4.m,88i 

4,561.^8 

3,8 ^ 



e Imports and exports ol gold Vu Um on nox Vdc\\)AbA.. 



TREASURER. 



241 



Mo. 44. — ^Unttbd States Notes and TREASuRr Notes Redeemed in Gold, and 
Impobts and Exports of Gold, during each Fiscal Year from 1895. 



Fiscal fear. 



United Btates 
notes. 



TiTBttSiiry 
notes- 



Total. 



tinpattaof 
golU.a 



Exports of 
gbld.rt 



1901 

me 

1031 

tow 

1000 



153,^07,^1 
68,^72,923 
22,30i;710 
IS^ 645, 015 
38,037,501 
23,n6,433 
17,4SS,£00 
7,1H71S 
1^,061,068 
n,fil7,£7S 
U,4!K2,l9i& 

21, aire, 307 



|7,£70,39S 

9, 828,961 

2,006,253 

6,eiJ7,250 

6,960,836 

441^,678 

1,274,500 

1,112,527 

473, B7e 

340,675 

102, SIO 

101, 27S 

41,706 



HIT, 
158, 

7S, 
24, 

Z\ 

35, 
24, 

IB, 

111 

21, 



S&4,19S 

655, aw 

30l,«14 
flQ7,«V3 
642.265 
538,337 I 

223, m 

757,180 
267,246 
555,044 
S6a,2.M 
645,006 
792, Ui.? 
320,012 



135, 146,734 
31,720,487 
81,411,633 

115,173,088 
M,2Sa,674 
30,<MS1,698 
45,445,734 
27,206,657 
26,306,1TO 
77,535,223 
44.318,046 
01,34»,507 

100, OR?, 262 

135,729,400 



106, !3 1,183 
112,3(^,136 
40, LU,722 
15,324,029 
37,5<K7,77l 
*8,2lfJs 168 
52,9(18,440 
47,690,706 
46,703,213 
S0,72B,gifl 
91,658,^50 
3&, 110,206 
50,908.891 
72,070,067 



o Odd in the ore not included. 

Wo. 45. — ^Treasury Notes of 1890 Retired by REDEMPnoN in Silver Dollars 
AND Outstanding, together with the Silver in the Treasury Purchased 
BY SUCH Notes, for bach Month, from January, 1902. 



IfQDth. 



Retired by 
redentptloa. 



OAitntii^dln^, 



BuUi(7Q \a 
Treaauiy. 



DoLUn In 



March., .. 
April 

^f 

Jnly 

ATttuat... 
Bmfcember 
Omber... 

Deoeoiher* 

190S— Jauoatt,.. 

FebroflfT., 

April 

JmH. . 

JtHf 

Atuiut... 

Oetober... 
NaTttnber. 

F«bnaiT>, 
HmfttJi..... 

Sept^imbfli'. 
October.-. 
N&T«inber. 
Ikoanber. 

F^bniftiT., 

Mucb 

April , 

}f^J 

Oi 

Ml 

iW^^tmmxf^ ,V.V/." ! ! "III!" "! 

nb«iur..>* 

6871ft_„ 1908 ^16 



S1,OG3,000 

2,187,000 

1,38^,000 

l,^25,0fX> 

1,331, two 

1,30(7,000 

1,237,000 

1,062,000 

865,000 

1,040,000 

742,000 

1,001,000 

1,100,000 

721,000 

731,000 

700,000 

782,000 

770,000 

€87,000 

472,000 
624,000 
446,000 
622,000 
584,000 
476,000 
474,000 
3a5,000 
514,000 
4^,000 
325,000 
4:£S,000 
259,000 
353,000 
282,000 
312,000 
317,000 
372,000 
219,000 
24ff,000 
248,000 
204,000 
248,000 
1S],0Q0 
189,000 
174,000 
11^,000 
143,000 
244,000 
117,000 



l37j533,OQ0 
35,346,000 
33,9f«3,000 

32,i^>3a,oao 

31.307,000 
30,000,000 
28,763,000 
27,701,000 
26,J<Kp,0Q0 
25,796,000 
25,054,000 
24,053,000 
22,053,000 
22,232,000 
21,501,000 
20,795,000 
20,013,000 
10,243,000 
18,556,000 
17,070,000 
17,4018,000 
16,S74,00O 
1^^428,000 
15,906,(100 
15,:{Z2,€00 
14,H4fsOOO 
14, ,172, 000 
13,987,000 
13,47:i,000 
12,^8,000 
12,653,000 
12,225,000 
1L,^>,000 
11313.000 
11,331,000 
n, 019,000 
10,702,000 
10,3JO,000 
10,1U,<)00 
9,SAfi,<XN} 
»,617,000 
9,413,000 
0,165,000 
8,^,000 
8,7^,000 
8,621,000 
8,178,000 
8,330,000 
8,086,000 
7,900,000 



J37, sots 000 

3S,3,'t2,037 

33,955,376 

32,620,815 

30,870,703 

29,960,030 

28,368,763 

27,209,244 

24,439,630 

24,556,001 

23,667,801 

23,0317,067 

21,940,0^ 

20,972,163 

20,146,ttl 

19,106,230 

18,463,367 

15,836,557 

16,830,557 

15,«X)1,54S 

14,9S2j9S9 

13, fi 1 6, 046 

12,711,491 

11,579,610 

7,151,148 

7,142,510 

5,829,230 

5,303,130 

5,437,156 

5,074,026 

4,916,944 

3,908,351 

3,021,439 

2,4M,673 

1,970,303 

l,70e,079 

1,248,700 

027,992 

535,*>72 

207,553 

01,339 



127,000 
13,963 
7,624 
17,186 

436,208 
3»,9ei 

394,237 

491,756 
2,306,361 
1,239,390 
1,^,199 

995,333 
1,012,948 
1,259,837 
1,354,509 
1,630,77D 
1,540,733 
3,406,443 
2,710,443 
2,368,459 
2,515,041 
3,2^,954 
3,716,500 
4,33«,4W 
8,170,853 
7,703,490 
«,5€J,770 
8,618,861 
8,035,844 
7,90a,974 
7,73fi,056 
8,316,649 
S, 944, 561 
0,118,428 
9,360,6^7 
0,310,921 
9,453,300 
O,4O£,O0S 
9,574,328 
9,567,477 
9, 525, f 411 
9,413,000 
9,iri5,000 
8,984,000 
8,796,000 
8,*21,00O 
8,47ft,000 
*, 330,000 
8,086,000 



242 



REPORT ON THE FINANCES. 



No. 45. — ^Treasury Notes op 1890 Retired by Redemption in Silver Dollars 
AND Outstanding, etc. — Continued. 



ItoKth. 



April 

May 

Juos... 

July, 

August , . . . 
Bc^cuLber. 
OctolK'r, , , 
Novettiber. 
DecPTDbfir, 
1907— Jrtniinry... 
February.. 

^aTch 

April 

May 

July 

Auiust.., 
September 
Ottotjer. .. 
Noveml^r. 
Deceniter. 
IDOB— January- - - 
February. . 

Juufl.., 

July,,,... 

August 

5^ timber. 



Retlrwl by 



tl7fi,000 

ixiiom 

157,000 
118,01X1 
164,000 
103,000 
108,000 
109,000 
85,000 
211,000 
128,000 

io:ii00o 
loa.ooo 

Itt^^QOO 
104^000 

97,000 

io*,ooo 
«o,ooa 

HHOO 
07,000 
07,000 
7^,000 
81,000 
7^,000 
flS,0[» 
S2,000 

^,ooa 

71»,000 
56,000 
80,000 



OuCatondtug. 



f7,794,C0a 
7,fl«l,000 
7,60l,€00 
7t3»iS,000 
7,232,000 
7,12y,OO0 
7,0^^1 ,000 
6,m2,00[» 
0,^7,000 
6,016,000 
fi,4S»,000 
e, 385,000 

6,:^ ,000 

0,182.000 

6, OSS ,000 
5,891,000 
5,787,000 
5,707,000 
5,013^000 
5,54(1,000 
£^479.000 
5,«»,000 
5,310,000 
5.24p,00O 
5.152,000 
5,07t>,000 
4,082,000 
4.003,000 
4,847,000 
4,7t^7,0O0 



Bullion la 



tkdl&rsla 
Trao^uiy. 



17,7^,000 

r^eaifOOo 

7,604,000 

7,386.000 
7,232,000 
7,139,000 
7,021,000 
6,912,000 
6,8^27,000 
6,616,000 
e,48S,000 
6,3Mft,000 
B, 282, 000 
6,182,000 
6,078,000 
6,088,000 
6,801,000 
5,7Sf7,000 
6,707,000 
£,513,000 
5,546,000 
fi,479.0tM 
5,400.000 
6^319,00& 
5,240,000 
5,1^,0011 
5,0?0(,000 
f,0^01» 
4,0&^QOO 
4,847,000 
4,767,000 



No. 46. — ^Transactions between the Subtreasury and Clearing House in 
New York during each Month, prom January, 1902. 



UoDth, 



Fabruftiy-. 

April...... 

May.,..,.. 

JUPB....... 

July. ,.,.,- 
August — 
September. 
oAobflr . . . 

DocoiQber. 
Ifl03— JftUUary.. 
Fe'bruary,. 
March..,.. 
April,,,*,. 

Jiay 

June,,,.... 
July . 

AUgUJFt.... 

fi^ptMuibcr. 
Oclnber... 
NoTcnibfir. 
Ducembcr. 

Feb run ry.. 

March 

April...--. 
Mny....... 

Juno 

July, 

AlWUAl . , . , 

Sopbrnbar. 
Octabcr.,- 
N&TiMibiir. 



Checks sent ta 
clearing houaa. 



114,709, 
11,350, 
16,^6, 
16,371, 

16,786^ 

20,370, 

10^047, 

I6,173i 

ltj.426, 

18,561, 

20,449, 

17.«2». 

18,7^ 

10 ^■ 

\' 

\:- 

1.1. ' ;•• 

ll>, *<H, 

24.170, 
25,0^. 
»J,33S, 
10,t»:iO, 
10,1*1, 
31,7^, 
lT.32fl, 
61,373, 
10,214, 
24,300, 
21,S14; 
36, IH 
20,708, 

33,3»3, 



2fi(L32 
10 
60L12 
13&20 
6£I0,83 
00^43 
861.88 
73 
3flQL82 

oac2i 

487.99 
315.10 
0fl&77 
2m, 77 

-.:--■ vj; 



■'■■I i,", 
.'sr. (iM 

ti4HI0 

530; be 

lTa.03 
107,08 
631. fl8 
814-38 
33461 
Off?. 27 
4»i00 
^&53 



ChockB received 

from clearinj^ 

houae. 



001,18 
60^19 

200,24 



»41,3<j8.307.12 
3a,lia>4G.02 
32,155,715^22 
34, 876. 2M. 95 
30,270, 8ti7. 74 
26,521, 21£Llffi 
43,021, 6(K 28 
31,280. 780i 43 
27,5fiB, lOa 04 
42,670,7^79 
28,349, 7^7.05 
29,S7B,770.5» 
€2,8eC, 194 67 
27,086,737.87 
27,187,821,00 
^,575, 784. 49 
34,006,011.63 
31,3i5,179,90 
4a,806, 816^ 2Q 
33,480.016.30 
38,106,006.06 
48,606,201.62 
34,1^70^28 
%J33.2ea60 
49,^00,686.17 
44.7^.201.16 

47,787,187,02 
72,^91.013.31 
38. :m. 047. 66 
62,133,67123 
45,554,515l50 
32,401.519.53 
45. 538, 3(16. 21 
30,^^0A7.»4 
40,31O,0CZ7.01 



Balancse^ doe 
subtrSiflUry. 



1422,060.06 
211,766.13 



275,785. 10 

044,423.44 

4,150.^ 

1,032,025.55 



1,052,184.22 
1,880,661,12 
2,664, 35Qi 72 

1, 116,066. eo 

1,252,424.08 



717.18 

1,764,143.24 

415,316.85 

45,975. 16 

347,322,28 

913,231^.53 

280,814.54 

2,(U2,113.70 



«23^3M.83 
'4^4a93ii'0fi' 



2,873,926^05 
I, (HO, 120, 44 



138^791.40 



Balances doQ 
clfiui^g booee. 



126,509,100.80 
16.757,522.03 
16,641,27416 
18.716,905.79 
13, 921, mj. 91 
9,010.007.66 
22,205.176,84 
15.246,344^ 
12,3^,064.77 

2e,2na,g7&6i 

11,340,493.88 
11,321.106.56 

27,901.485 52 
9,408.67479 
8, BS^. 353. 09 
22,413,33£).70 
19,112,767.10 
16,<HO,S33.03 
24,ai0, 073.0 
19,«l2,0IT.fit 
21, 713, ."MO. 61 
24,576,001.54 
19.0(^,CZ1.95 
18,076,577.00 
31,173, OM, 94 
3ft. 576, 15407 

30,sao,fiai>T9 

80,4ff7,S7&64 
3S,B6I, 000^75 

ia.ii9,aBaa 

31,488, Dm. 21 
23,740,277.63 

9.l21,lfiS31 
16,8801, €^57 
17,28% 414 76 
17,5^0(16 



TREASURER. 



248 



No. 46* — ^Transactions between the Subtreasuby and Cleabing House in 
New Yobk dubino each Month, from January, 1902 — Continued. 



liooth. 



Febnlu\' 

llAfcb 

April 

Juljr. 

Augtut. 

September. > , 

October 

Novemiber.,, 

Febfilfliy-... 

fiSf.:;.-::: 

July. .,.„-. 
August*,.,. 

SoveiQbOT«n> 



February.,, 

M&icb 

April. 

June....... 

July 

Adgiiflt..,,. 
Beptemb«r. 



Novwnhof, 



t9(9&— January, 
Februwy. . . 
Mfljrh 

iE?!:--::: 

Jutie 

July. 

August 

Septemter. 



Checks seal to 
oteariug boosQ. 



I3S, 64^,770. 04 
ai,fli5,e42.37 
31,154,361.29 

37,^11^04 
a6,073, 102-76 
26,972, Q8a 09 

33,270,0120 

30,t^08.4lH.a3 
20^174/220.00 
23,73S,&3a^2 
23,291,358. 1« 
21,473,190.24 
25,tM33/J0i5uOt 
31, 101, £88. 94 
^A 017,058.10 
31,9^,493.03 
33>9fi2,7mO0 
37,374,123.10 
23,^13,324, C§ 
33,209,990.11 
20,063,275.^ 
23,306,103,21 
21,032,53102 
20,5M,8&5.3» 
28,754,135.33 
30, 782,311, r.5 
24,9B3,42LI4 

lS8Q£,343v70 

m^.2S0.27 

ai,aoa,<s3o.i5 

^037,^7.40 
20,17H*221.ia 

30,710,802.27 
24,7t«,72l/7S 

3^,2(J7t;^l4,9<i 



Check! recolycd 



i50,SfiO,i55.aa 

36,177,131.46 
36,823,355.33 
41,531,173.16 
36, 330,676.76 
38,907, lOa 54 
47.223.042.71 
40,m4,43ljL55 
32,076,00116 
40,1^,93^83 
32,351,1^.63 
32, 187, 315. ISO 
46,710,«)i3.04 
31,flS8,l^22.75 
31,214,215.38 
33,776, 428. 46 
29,305,626.23 
29,795,ftll.4D 
47,0fiS,3ttt67 
41,237,013.83 
2^3,007,138.94 
42,556, tm 85 
30,740,017.18 
32,288,780. 63 
44,S22,538,20 
34,265J37.6Q 
37,746,220,00 
A@04,466.83 
^,101,300.28 
34,105,552.74 
54,0*4, 13&, 63 
4l,t^7.8b7.40 
3L, 650,007.19 
39.110,722.73 
J6,85t^0;ffl.Ha 
H.t^2,80l to 
57,0i4,775.2fi 
62,212,032.40 
,^,1.13,884 92 
6o,t24,{i86.07 
tlU,5.';t,in0.30 
©7,218,270.04 
76,082,674,93 
65,173,055.08 
50,7-25,^44.33 



BalauccG due 
Hubtreosiuy. 



t2,£D4,723,70 

72, 150, 30 

3,187,074.84 



1,840,370.30 

298,435.fr2 
2,l*f0,63t^,40 
3,02$,21B. 17 
3,423,074-43 

556,894.30 

638, HI 11 
1,05©, 374. 77 

325,3^2.65 
7,2tl«.975.27 
3,750,494.87 
1,453,137.16 

724,74&49 
3,348,ae7,S7 

S»,07L66 
2,329,86a 22 
3,033,801,95 

952, lOa 03 

1,250,^14 28 

3,035,^0.73 

2,140,9^57 

15,443,60 

386,374.72 

835,096, 68 
7,463L54 

1^,061,84 



3,646,013,^ 
3,471,583,68 
4,962,869,90 
12,1(11,573.97 
4,903, 464. 7g 



1,677,327.03 
270,154,33 



Balanei^ due 
oleariug hDijw. 



127,671,100.74 

14,633,030138 

8,856, 06& SB 

21,610,393.98 

12,300,686,08 

18,63ti,396.01 

22,425,361.10 

15,660,463.IKI 

0,127,082.50 

13,0a8,71&7a 

9,719,3ia0O 

8,937,413.01 

21,585,492. a 

8,340,103.00 

5,790,400.25 

10,490,722.10 

6,739,DLti.53 

8, 070, 780, €3 

31,g34^83&S 

lS,4fi«,lB3.11 

0,113,882.74 

11,570,265.8$ 

8,007, SOL 47 

8,049,918. 25 

• 23,J6M40.18 

11,010,588.97 

13,000,320.08 

30,033,059.30 

10,566,328.90 

13,493,739,20 

25,380,704.30 

14,761,689,40 

10,147,199.4$ 

10,180,955.917 

461,930.93 

6»3,92S,0g 

30^797,488.90 

3T| 2^^,138' 77 

31,087,409.00 

42,SS7*4(2a.67 

40,379,048.12 

41,360,444,03 

47,275,0fi3.24 

40,408,3:ta.3O 

17,510,243.23 



No. 47. — Amount of each Kind op Money Used in Settlement of Clearing, 
House Balances against the Subtreasury in New York during each Month- 
FROM January, 1902. 



Month. 



1000— January.. 

February. 

ICaroh. 

■ Ap 



igU: 



June. 

July 

August 

September. 

October 

November . . 
December... 

1903-^anuary 

February... 
Maieh 

June 

July 

August 

September.. 



Gold coin. 



United States 
notes. 



Treasury Gold 

notes. : certmcates. 



120,101 
19,523 
21,274 
23,906 
22,281 
20,997 
28,176 
25,344 
21,955 
29,078 
22,493 
24,106 
28,485 
15,574 
19,353 
27,339 
26,767 
32,833 

22,672 I 

25,648 1 

25,341 1 1 



126,579,000 
16,738,000 
15,620,000 
18,603,000 
13,899,000 
8,990,000 
22,267,000 
15,221,000 
12,359,000 
26,224,000 
11,318,000 
11,297,000 
27,873,000 
9,393,000 
8,968,000 
22,386.000 
19,086,000 
15,648.000 
24,288,000 
19,467,000 



SUver 
certificates. 



TotaL 



126,609,101 
15,757,623 
16,641,274 
18,716,906 
13,921,281 
9,010,997 
22,296,176 
16,246,344 
12,380,965 
26,2,^,078 
11,340,493 
11,321,106 
27,901,485 
9,408,674 
8,987,353 
22,413,339 
19,112,767 
15,ti80,833 
24,310,672 



244 



BEPOBT ON THE FINANCES. 



Mo. 47.— Amount of each Kind of Money Used in Sbttlbmbnt o? Clbarino- 
HouBE Balances against the Sobteeasuby in New York, etc. — Cont'd. 



Month. 



«*jt?h. '... 
April....... 

Ay 

Juim .... 

Jtily.. 

AuiTLiJie. ,... 

FuhniMTV.... 

A|iKL....... 

ii*y , 

Jlltlrt,, 



AiiihiJit. 



Nfivum^Mir.. 

txm-Jmmmjry.... 

Mji.tt)li ..... , 
A|irU,„.,.. 
MAy........ 

Jiim. 

Jiaiir 

AugUMt..,.. 

Dfitubvr. . , , 
Kuwmlmr. . 

Fi^liniary.,. 
Mil rclj , , „ . . 

AprtJ 

May. „.,... 
Juiw.....„, 
July........ 

AueuBt 

September, . 
Ociol^r. .... 
November. . 
D«CBmbBr,„ 

10QB— January 

Fisbnjory,.. 
March ...... 

Aprtl. 

Mfly.,,..... 

June .-. 

July, 

AllRUSt 

September* , 



QtiM Odin, 



ai> 300,000 



United states 
nolm. 



19,164 

21.373 
18,«}1 
25.390 

25.277 
19,105 

22,415 
23,550 
24, 110 

i7,a3a 

HOW 
21,204 
23,6fi& 
22,3Uti 
10, %! 
21,454 
12,081 
22,717 
1L3JI 
19^413 

12,104 
15,490 
17,722 
18,017 
14,780 
20,135 
19JS3 
13,SS3 
lfi,200 

i3,aoi 

12,918 
20,140 
19,589 
19,^9 
25,OS9 
23,329 
24,730 
26,704 
19,589 
1% 199 
15,9.^ 
1,921 
fi,022 
27,480 

m 

119 

1,775,1^ 

J28 

6,968,134 

3,000,123 

143 

as, 103 



TrcaBury 
notes. 



Gold 
cfsrtEAcntea, 



m, 862, 000 
I0i06q,000 
13,661,000 
ai,3Q,0Q0 

i^oea^ooo 

12,207,000 
30^436,000 
26,940, €00 
19, OH 000 
20,4(17,«» 
23,715,000 

9,102,000 
10,837,000 
17,204,000 
17,032,000 
27,647,000 
li 610, 000 

8, 842; 000 
21. WO, 000 
12,283,000 
15,014,000 
22,409,000 

i5,ea9,ooo 

9, 116,000 

12,900,000 

9,70^,000 

8,918,000 

21,663>00a 

8,3^,000 

5,775.000 

10,473,000 

0,721,000 

8,6$a,000 

21,914,000 

12,440,000 

0,100,000 

lU5d3,000 

7,994,009 

8,037,000 

23,131,000 

10,901,000 

13,050,000 

30,699,000 

16,543,000 

13,4i»,000 

2&,2ti3,a00 

14,732,000 

10,120,000 

10,166,000 

400,000 

£88,000 

38^,770,000 

27,282,050 

31,0H7,3S0 

41,112,290 

40,379«a» 

34,381,310 

44,274. 9« 

40,40^199 

17,442,119 



oertlfljiittC^ix. 



Toua. 



I24,g76w002 
lO^06fi,422 
lBrtf7£y678 
31,373,636 
36,676, 164 
20,530,509 
an, 457,37^ 
25,068,001 
19, 119,389 
29.488,889 
m7«X277 
9,121,195 
lft,8$9,i» 
IT, 386, 115 
1T,055.«50 
27,671,110 
14«^a3B 
$864,000 
21,810,394 
13;300^0W 
18^«n,39a 
^43^381 
15^880,484 
0,127,983 
131,008^ n? 
9,719,311 
8,937,413 
31,686^ «9 
8,849,194 
ii,790^«0 
10^4M),729 
8,739, 017 
8,8711^789 
31,994,885 
13,465,168 
8,113,883 
11,579,285 
8,007,891 
8,0«,918 
81,161,140 
11,010,589 
13,069,339 
30^822,069 
18,886^^ 
18,493^739 



MM 



14^751,( 
Wtl47,l 
10,180^968 
401,^ 
«a3,921 
38,?V7,48a 
37,3S,130 
31,08T,«» 
42,887,439 
«,379,9« 
4I,3(ft,444 
47,273,00 
40,408,333 
17,6U343 



TBEASUREB. 



245 



Bio. 48. — Shipments of Silver Coins from each Office of the Treasury and 

Mints from July 1, 1885. 



Offleii. 



Total to Juno Sd^ 
]S07. 



Daring Used] jeai mB, 



Standard 
dottars- 



SubsldJary 



Tt>i^ to June 30, 



Bdtlmora... 

ChjMpi , 

QnciniMU>>, 

NnrYork.. 
latj 

"idfllpfal 
Total 



134, £^,001. 54 
ia<903H 3(^38 

100, ee^, 7791, m 

1^,^21, 14^07 
f»7.«$B,WaM 
71,119,303.66 

l5S,6G4,3AflLS8 



32,(155,832 Oa 

LSOT.Maoa 



tU288,gilOO 

a2],5Qaoo 
D3S,iioaoo 

6,9W,8ia00 
S, 900,6^100 

5,6ao,8oaoo 

S14,4Q6lOO 
l,7S8.«)aOO 
2,3l7,50a00 



11,063,387.10 
542,27400 

6,536.651110 
3,im47&» 
3,267.7iSLOO 
4,239,405.00 
2,458,573. 20 
a,&12,401.00 
4,244, 02& 60 



aoaoo 

91,7S&00 



109,3fia00 
a,244t§67a0 



^,902,30104 
11,767,077, IB 
73,326, 4Da« 
231,4t2,3a&63 
106,76S,gi&lD 
136,500.604.07 
102.023,844.54 
75,a06,376lS6 
07,3!»,9Q2L2S 
177,271,016.48 



653, 63a 00 

170, «^ 00 

70,107,826,76 

7,007, «a 00 



1,070,131, 15L OS 31,406,011.00 



31,43S,g3a99 



1, 1^,020, soa 08 



McK 49.— Shipments of Silver Coin from the Treasury Offices and Mints 

DURINO BACH FiSCAL YeAR FROM 1895, AND CHARGES THEREON FOR TRANSPOR- 
TATION. 



Fiscal year. 



Standard 
dollars. 



Subsidiary 
silver. 



Total. 



Charges. 



Rate per 
11,000. 



18B6. 
18B6. 
1897. 
1808. 
18M. 
1900. 
1901. 
1902. 
1903. 
1904. 
1906. 
1906. 
1907. 
1908. 



127,155,466 80 
28,412,300.35 
29,600,035.10 
33,270,610.00 
33,305,262.00 
36,284,791.80 
38,338,519.00 
40,404,325.00 
41,182,154.00 
41,032,715.00 
44,988,746.00 
41,562,828.00 
37,500,118.00 
31,466,91L00 



111,885,117.47 
12,458,107.03 
12,029,055.29 
15,330,205.24 
17,018,536.65 
10,707,902.55 
21,075,146.85 
21,871,950.35 
24,112,444 65 
24,382,947.90 
27,606,18480 
29,378,631.40 
.%,395,662.55 
31,438,83a 99 



$39,040,58427 
40,870,407.38 
41,620,990.39 
48,600,815.24 
50,323,798.65 
55,992,60435 
50,413,665.85 
62,276,28435 
65,294,596.65 
65,415,662.90 
72,504,930 80 
70,941,450.40 
67,895,780.55 
62,905,741.99 



$78, 33a 84 
78,755.54 
81,526.24 
110,065.53 
111,741.61 
125,960.37 
126,742.99 
124,003.65 
132,265.05 
126,350.81 
137,507.21 
152,18490 
163,051.55 
154,060135 



12.01 
1.93 
1.96 
2.26 
2.22 
2.26 
2.12 
1.99 
2.03 
1.93 
1.90 
2.15 
2.40 
2.45 



24G 



REPORT ON THE FINANCES. 



No. 50. — Balance in the Treasury op the United States; Amount in Treas- 
ury Offices, and Amount in Depositary Banks, at the End of each Calendar 
Year from the Adofhon of the Constitution in 1789 to 1842, and at the 
End op each Fiscal Year thereafter to 1908. 



Date. 



1789— December 31 . . 
1790-March31 

Jane 30 

September 30. 

December 31 . . 
1791— June 30 

September 30. 

December 31.. 
1792— March 31 

June 30 

September 30. 

December 31.. 
179»-March31 

June 30 

December 31.. 
1794-December31.. 
179&— 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-December31.. 
1821— December 31.. 
1822— December 31 . . 
1823— December 31 . . 
1824— December 31 . . 
1825- December 31 . . 
182C— 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— Deccml)er 31 . . 
1836— December 31 . . 
1837— December 3! . . 
1838— December .?1 . . 
1839— December 3!.. 
1840— December 3! . . 
1841 -December 31.. 
1842— December 31.. 

1843— June 30 

1844— June 30 

1845-June30 

1846— June 30 

1847 -June 30 

1848— June 30 



Balance in the Treasury .a 



In Treasury 
oflOces. 



I n depofllittry 
banks. 



ToiUL 



110,490.54 



232.14 



700,000.00 

1,025,610.63 

1,268,827.62 

691,097.04 

1,414,029.62 

205,330. 7i 

380,199.04 

669,889.11 

390,199.04 

725,199.04 

768,000.DQ 

5,446,382.10 

758,332.15 



i' 



138, 

155 
349, 
S70 
571 
67^ 
fl73j 
751 
023 
420; 
783j 
1,035, 
5GI, 
7S3j 

sm 

888, 
1,021 

617 
2,161, 
2.tE13. 
3,206 
5,0GO 
4,^e5; 
4/037 
3,999 
4,538 
9,D43 
9,941 
3,84§ 
2,672 
3,S0Q 
3,862 

5,:g6 

13,106 
22,0S33 
14,1 — 

l,47li; 

2,079 

1,681 
4,1193 
9,431 
1,867 
5,296 

5,965 
4,362 
4,761 

911 

lOpflfie 

7pS61 

35,720 

45, a% 

5,779 

5,364 

3,902, 

290 

170 

1,689 

10,525 

8>222 

7,3S6 



239,61 
613.14 
32Q.S3 
670.23 
,023.80 
f^.OO 
579.99 
906.75 
377.34 
133.61 
914.51 

aia.37 

973.00 
435.33 
661.69 
924.17 
443.61 
995.43 
,899.04 
45U43 
,S67,77 
311.90 
301.00 
697.64 
811.60 
006.30 
388 99 

m.m 

850.07 
W&M 
056.78 
276.57 
305.80 
217.41 
542.60 
843.63 

519! 19 
465.48 
536.74 

461 [21 
503.24 
690.68 
353,20 
799.80 
306.74 
2^.48 
604.31 
9?4.2? 
770-7*5 
409.34 
513.24 
863.16 
,283.61 
OPa.60 
3J5,72 
S33.54 
343.01 
aS7.61 
319.44 
532.18 
361.73 
709.09 
26? JO 
651,19 
450. S2 
,8€9.S3 



ia&,239.61 


3 


60,613.14 


3 


155,^*0.23 


3 


349,070.23 


3 


57O,0'-23.80 


3 


682,189.54 




679,579.99 


4 


tf73,905.75 


6 


751,377.34- 


6 


tl23, 133.61 


9 


«K), 914.51 


9 


753,444.51 


8 


1,035,^173.09 




5i4, 435.03 




753,661.69 




1,15^924,17 




516,442.61 




S88,095.42 




1.021,899.04 




617,461.43 




2,161,867.77 




3,623,311,99 




3,295,391.00 




5,030,097.64 




4,825,811.60 


14 


4,037,005,26 


16 


3,999,388.90 


15 


4,63S,123.80 




9,64a>£5a.07 




9,041,809.96 




3,848,056.78 




3,672,276.57 




3,502,305.80 




3,S<12j217.41 




5,196,542.00 




1,727,848.63 




13,10&,59G.SS 




22,033,519.19 


94 


14,96(^465,43 




1,478,529.74 


29 


2,079,002.38 




1,198,461.21 




1,681,602.24 




4,1^,090.68 


58 


9,431,353.20 


55 


1,887,799.80 


58 


5,290,306.74 


60 


6,3€J,289.48 


59 


0,649,604.31 


59 


5,965>W4.27 


56 


&4,3tl2,770.70 


4U 


4,761,409.34 


40 


3,063,513.24 


42 


911,^13,16 


41 


30,658,383.61 


62 


7,861,093.60 


50 


25,729,316.72 


44 


46,756 ,iS33.54 


91 


c 6,804,963.64 


54 


6,633,716.23 


43 


4,683,416,48 


27 


1,704,561.80 


11 


375,692,47 


19 


3,079,908.13 


26 


11,195.156.21 


3'» 


8,6ia,S50.23 


34 


8,llO,r>49.86 


43 


9,683, WW. 83 


49 


6,446, 3S2. 16 
75».33'J.15 







TBEASUBEB. 



247 



Mo. 50. — ^Balance in thb Treasury op the Unitbd States, Amount in Treas- 
ury Offices, and Amount in Depositary Banks, etc. — Continued. 



DttteJ 



IMft-JmieaO 

IfiiO-JiuuX 

l&flS— Juneao 

lBfi3— JniMao 

Mfti— Jime30..„. 

laSfr-JimeJO 

18S0— JunflM,. ... 

1S57— JuiieaO 

1S5S— Juimj30„„. 

IgfiO-Jtm^aO 

ISOO-^qneao 

laai— Joiuao 

iaS3-^uiw3(» 

1886-^ mu 3D 

ISer— Jinifl3D 

JgTO— JiBio3&, 

lS7t-^ime30 

U73^^tm0 3O...., 

1876-^0110 30. ... , 
UTtt^^UDi 30, . . , . 

lB78-^un0 30 

187V— Jtrasao..... 
IBKt^-JimaX, 

18gl-Jujie3Q 

Uaa-^umeD 

18S3-^UEie^....-. 

18M-^iiiia30 

U8S-JunQ30..... 

18B5— JuiiA 30 

U87-^un«30 

1888— Jtnia30 

las^-Juiwao 

l§B0^^tm«30 

UOl— Juii«»}..... 
1802^nJime30 . 

iaM-JimA30 

iBas^^iuuao 

IflOO— JiuuSO 

UBT^oneaO 

1888— June 30 ., 

180^— June 30..... 

IflOO— JuoeSO. 

IflOl— June 30 

U03-^inM30...., , 

lV03-^uiie30 

lA04-JuMaO 

1806-^ um 30 

I908-Jime30 

1007— Jimeao...... 

ISnrt— Jiln<t30 



BalAncft In the Tpeatory. 



In Treaflujy 



13,208,822.43 
7,43i,(J22.7a 
13,142,103.97 
lA,OQ(7,880.3iO 

20,300>ea&ei 

lft,mM1.06 

30,304,84178 

1^2l8,77ai0 

6,698,157.01 

4,eS6,e2&04 

3,931,287.72 

3,006,285,34 

18,265,98484 

8,305, 44^ 73 

72,032,019.71 

5,346,955.50 

101,844,807,12 

125,e]3,l.'S3.53 

80, ai, 229. 20 

] 11,570,414 43 

102,521,330.57 

82,607,293.41 

60,872,56;]. 4A 

40,194,276 53 

04,723,(130.48 

51,712,042.19 

51,437,41423 

84,394,007.01 

130.570,578,15 

159,020,73490 

160,528.17^,50 

173,974,146.61 

162,941.018, -M 

1B1,679,255.91 

154,557.552,90 

37l,851,7H0.21 

218,277,107.25 

188,625,383.03 

ISO. 305. 440. 65 

167,64(1,33,^23 

liH,OOL.48L40 

1.^,448,137.33 

118.728,602.52 

114,^^2,278.94 

ION. 41^. 22a 55 

1S,1,31J9,G87.37 

258,22l,S:Ufj5 

2:^2,, m 043. 90 

175,4'i^^,042,3'J 

21119:*, I H9. 26 

2H,2lHi,2'af.5 

234,9iHj:5.U4 

245,«45,?.*7.m 

24H.<iSS.iJ07.53 

2l7.59l,ffJ'.).57 

23(1. 1174. 0L*5. 59 

24a,0SK,2Wi,77 

2,W.257,«i:i.5i 

■JI7.17iK3iatU 



In depodtary 



130,980,766,39 

36,073,353.73 

34,208^320,54 

25,208,353,78 

22,779,797.62 

8,697,927.34 

8,206, 18a 34 

0,919,745,50 

12,201,595.08 

7,233,651.11 

7,435,96(100 

ll,6ai,fi79.K! 

7,520,194 70 

7, 299, 999. 28 

40,928,268. 5d 

208,033,840,24 

7,771,233.00 

8,704,830.83 

9,381,712.00 

9,803,381,70 

10,488,827.03 

10,770,679,90 

13,822,070.80 

18,975,315.41 

64.008,728.36 

43,090,750,53 

26,779,703,32 

21,399,680.10 

10,450,130.01 

9,9(2,626.00 , 

10,423,767.61 I 

10, 978. 605. 80 

11,415,474 42 

12,162,158.05 I 

33,8«.700.8L 

70, 295. ,126. 94 

92,0:il,37L72 I 

93. 442. f ^1,00 

117,141.664 13 

140,001,016,70 

104,450.638.45 

H80:{.4f.G,30 

80.731.058.05 

l<yj,f*ai,95l.06 

147.6St2.tCMi.70 



Tt^tal. 



83,2(^,8^.43 

7,431,022.72 

12,142,193,97 

l5,Dgf7,8S0.36 

22,2SG,462,49 

30,300.030.61 

19,529,841.00 

30,304.84478 

18,213,770.40 

0,608,157,91 

4,686,625.04 

3,991,287,72 

2,005,285.24 

18,265,01^.84 

8,305,443.73 

113,003,776. 10 

41,420,309.29 

136^143,187.66 

151,021,507.31 

109,4U,02eL8a 

120, 17-1,341,77 

110,728,101.01 

89,527,009.00 

73,374,188.64 

56,427,827.64 

72,150,597-17 

03,274,721, 71 

58,947,608. 99 

01,4)94,000.20 

in,«>8,846.71 

307,054,675.14 

168,299,404.40 

1^,078,977.44 

162,^3,331.14 

101. 382,^37. 70 

16&,046,380.5g 

!S2.e22,360, 17 

232,099,173.05 

307,^^)0,008,44 

244,094,169.01 

210,737,(^3.76 

190,841,184 73 

160, 847, 834 49 

129,178,792.53 

l24,K24,Ji04tJ4 

lt8,885.9>«8. 10 

190,;i48,l9.Xl7 

2tSa,fl37.3tf7.07 

244,4(iO,2O1.05 

2og.:^.rr4:i.i3 

284, iM. 51a 30 
30fl,A.'7,<5n5.37 
328,40fl,79a. 13 
36a,lK7,;«JLH; 
,T.SS,*iKi;.ll423 
32-_',051.5(''8.0e 
205, -177. *."L SO 
3.T0,r,R9.354.a2 
42'J,0ti 1,445^47 
:i<j,"»,i7i,rU7,7:t 



Ktunber 

or 

depoeltary 

LaDlcs. 



304 
330 



370 
276 
143 
160 
103 
158 
154 
145 
143 
145 
124 
127 
131 
130 
134 
140 
136 
132 
100 
300 
290 
270 
206 
186 
360 
160 
156 
160 
160 
168 
172 
357 
442 
448 
577 
713 
842 
837 
928 
1,256 



24(5 



REPORT ON THE FINANCES. 



No, 50. — Balance in the Treasury op the United States; Amount in Treas- 
ury Offices, and Amount in Depositary Banks, at the End of each Calendar 
Year from the Adofhon of the Constitution in 1789 to 1842, and at the 
End op each Fiscal Year thereafter to 1908. 





Balance in the Treasury .o 


Number 

of 

depositary 


Date. 


In Treasury 
oflBces. 


In depoaitiir^ 
banks. 


Total. 


1789— December 31 




128,239.61 
60,613.14 
1^,320.23 
340,f^O,2S 
570,003.80 
571,690.00 
67^,579.99 
e?3 ,905.75 
751,377.34 
G23,133.t^l 
42P,914.5I 
783,212.37 

1,035,973.09 
561,436.33 
763,601.69 

1,151,924.17 
516,442.61 

1,QQI,899.04 
617,451.43 
2,161,867.77 
2,623,311.99 
3,295,391.00 
5,090,697.64 
4,825,311 .60 
4, 037, 005. 2« 
3,999,%8.99 
4,538,123.60 
9,643,S50.07 
9,941,809.06 
3,848,056.78 
2,072,276.67 
3,5Q2,a(»5.80 
3,862,217.41 
5,194^,5^.00 
1,777,845.63 
13,106,592.^ 
^,033,619.19 
14,0&t9,«^.4S 
l,4Tg,626.74 
2,07«f'Ja2.38 
1,196,401.21 

i,tjei,ae2.:>4 

4,193,600.66 
9,431,353.20 
1,887,799.80 
6,296,306.74 
6,342,280.48 
6,649,604.31 
6,965,971. 1?7 
4,3^3,770.76 
4,761, 40S.34 
3,053,513.24 
9U,»63.1fi 

10, <^, 283. 61 
7,861,093.60 

25,729,315.72 

45,0S(>,J*33.64 
6,779,343.01 
5,3ft<,*87.6l 
3,992,319.44 
290.532.18 
170,3^1.73 
l,69!J,709.O9 

10.fl25,2ri7.l0 
S,222,fi.'il.l9 
7,3H5, 450,82 
8,915,86©.S3 


128,239.61 
60,613.14 
155,320.23 
349,670.23 
570,023.80 
562,189.54 
679,579.99 
OT3,905.76 
751,377.34- 
623,133.61 
420,914.51 
783,444.51 

1,035,973.09 
561,435.33 
753,661.69 

1,1. 17 

Ms.,4LJ.61 

888,99o.42 

1,021 ,8@i9 .04 

617,451.43 

2,161,8(^7.77 

2,623,311.09 

3,2Si5,3»l .00 

6,030,697.64 

4,825,811.60 

4,037,006.26 

3,99e,3Si:«.99 

4,533,123.80 

9,643,*S0,07 

0,W1, 809.96 

3,848,056.78 

2,672,27*k57 

3,562,305.80 

3,862,217.41 

5,196,642.00 

l,727,84g.63 

13,106,592.88 

23,033, 51 [*. 19 

14,960,465.48 

l,47S,52iV74 

2,079,99'^ .38 

1,198,461.21 

1,681, 5^2 .24 

4,1*»-^.*^^^' 68 

9,1 20 

1.^^ 80 

6,296,306.74 

6,342,289.48 

6,649,604.31 

5,965,974.27 

b 4,362,770.76 

4,761,409.34 

3,053,513.24 

911,8(;3.16 

10,658,283.61 

7,861,093.60 

25,729,315.72 

45,756,833.54 

c 6,804,953.64 

6,633.715.23 

4,683,416.48 

1,704,561.80 

375,602.47 

2,079.908.13 

11,195.156.21 

8,612,850.23 

8.110.649.86 

9,683,869.83 

5,446,382.16 

756.332.16 


3 


1790— March 31 


3 


Jane 30.. 


3 


September 30 


3 


December 31 


3 


1791_june 30 


110,490.54 




September 30 




4 


December 31 




t) 


1792— March 31 




6 


June 30 




9 


September 30 




9 


December 31 


232.14 


8 


1793— March 31 




June 30 






December 31 






1794-December 31 






1795— December 31 






1796— December 31 






1797— December 31 






1796— December 31 






1799 — December 31 




1800— December 31 




1801— December 31 




1802— December 31 ' 




1803 — December 31 ; 


14 


1804— December 31 


16 


1805 — December 31 


16 


1806— December 31 




1807— December 31 




1808-Docember 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 


94 


1817— December 31 




1818— December 31 


29 


1819— December 31 




1820— December 31 - 




1821— December 31 






1822— December 31 




66 


1823-December 31 




65 


1824— Dceeml)er 31 




66 


1825- December 31 




60 


1826-Doccmber 31 


60 


1827— December 31 : 


60 


1828— Decemlx»r31 ... i . .... 


66 


1829-Dccember31 


4U 


1830- December 31 


40 


1831 -Dtvember 31 


42 


1832- Deceml)er 31 


41 


1833— Decern l^er 31 


63 


1834 -Docernl)er 31 


50 


ISSS-Dj'Coinlwrai 


44 


183ti -DeccmlxT 31 

1837 -DecomlxT 31 

1S38— I>oc<»nil)or 'M 


700,000.00 

1,025,610.03 

1,268,827.62 

691,097.04 

1,414,029.62 

205,330.74 

380,199.04 

669,889.11 

390,199.04 


91 
64 
43 


lS31»-I)f'Coiiil)or:)! 


27 


1840— I)eccmlx?r 'M 


11 


1841 -Dj-comlHT :n 

1842- Decern lK»r :u 

1843 -June 30 

1N44-June30 


19 
26 
3'» 
34 


1845 June 30 


725,199.04 

768,000.00 

5,446,382.16 

758,332.15 


43 


1 846 -J unr» 30 


49 


1H47 -June 30 




1848— June 30 


.B.4««*«««i,4..„i^, 






TBEASUBEB. 



247 



Mo. 50. — ^Balance in the Treasury op the United States, Amount in Treas- 
ury Offices, and Amount in Depositary Banks, etc.— Continued. 



Date: 



lsgo^tiiiB3(»..*. 
lflAl^JiiDB30.„. 

lftS3-^iiiie3Q 

IflJIft— J[mn3D. ..> 
ia6i-Jiiiu3Q 

1B61— JuDsSO*... 

IMS— JuDi 30. . . . 
tB04-^inM 30. , . . 
1I6B-^1ID8 30. . . . 
IBSft-^tnwflO.... 

1M8-Jimea0.... 

ISTO— June 30 

1173— Jcme30.... 
1173— June 30..., 

ie7S-Jun«3D..., 
UTV^^imeao.... 
1§7T— Jiitie30..,« 
lS79^^ime30 

1B80— Juneao.... 

18S1-JU1M30 

1883— June 3» 

l^S-<-JuDQ3a.,... 

lS8&-^Ju&a30,... 
lBW-^uiie30._.. 
iaa7-Jiina3a,.,. 

188B-^aD0 3Q 

W»^ciBo30„„ 
UBO— Joneaci 

Vm^\m&^ 

ISS^-^llQA^.... 

1SBS-JIUM30.... 

19Q0— Jiuuaa.... 

lMa-^tiii«3Q 

UXK^-Jone 30 

10D4-^iins3O 

19(hS-Juno3C.. 

19(»-^tii»30 

1007— June 30,., >. 
190W— Jutifi30 



Balance in the Troasmy- 



In TrenBuiy 
ofBc«fl. 



13,308,^22.43 

12,142,1913.97 
15, OttT, 880.36 
23,2§a,«i2.40 
2Q,300,ti:iaei 
10, £29.^1.00 
aO,304*S447S 

is,2ta,77a« 

e, 069,1^.01 

4,G8S,62a.04 

3,«IUaS7.72 

3,005, 2£& 24 

lS,3e5,QB4S4 

6,30A,443w73 

72,022,019171 

fi,34lV.g55,M 

301,844, &(i7. 12 

12fi,SJ:J,l4XS3 

5a,f^l,229.:ai 

1U,57«1,4U43 

102, £13 1,020. 67 

82,007,29.':, 41 

<]0,372,5G3.46 

4@,ig4,27&S3 

51,712,042.19 
0,427,414.23 
&4, 394,007. 01 
13a,im,«7&lfi 
]£0,QS0^7»W 
160. 53a, 170. £0 
l73,»74J4fi.m 
152.9-11,518.24 
lM,67a,25S.9I 
154,557,632.96 
171,851,780,21 
218,277,107.25 
13S,fi25,383.03 
1^,305. 44Di5& 
1&7, 6*1,333.23 
lH0&l,4a].40 
135,448,137.33 
118,7:^,662.52 
114,8a2,S7&94 
106,4B2,2S0.55 

Uis,3ti9,ae7,37 

25S, 221,832.65 
33?, 304,043. fiO 
175,438,942.32 
214.193,1801.26 
214,20&.233.65 
234,9*^,116,04 
246.045,797.03 
24S,ns5,097.63 
217, 591. 920. 57 
330,^4,02&.50 
240,95e,2SS.77 
255,357,^3.51 
1*47,479, 3ia 04 



In depodtary 



I39,080,75&39 

36.073,^63.73 

34,398,320.54 

25,208,353.78 

22,770.797.62 

S. 697, 027. 34 

S,20(!j!^.34 

6,919,746 59 

12,501,595.08 

7,a'^,55LH 

7,43S,96&€9 

Il,5d2,67a52 

7,520,194.76 

7,290,090.28 

46,92S,2fi8.S6 

308, 033, Ml. 24 

7,771,233.90 

8,704«S30.^ 

9,381,712.90 

0,803,381.70 

10,4S@,e27.03 

lO,770,E70.0e 

13,822,070.80 

18.075,316,41 

54,698,72^30 

43,060,760.63 

26,779,703,32 

21,309,680. 10 

10,450,130.01 

Q,9€2,62e.00 

10,^,7tf7.61 

10,07^,505.80 

11,415,47143 

12,102,168.05 

33,843,700.81 

70,295,326.94 

92,021,371.72 

93,442,C83,09 

117,141,564 13 

140,001,016.70 

104, 459, 038. 45 

64, 803,48^30 

80,731,O5&O5 

IffS, 803,961. 9e 

117,692,036.79 



Total. 



t3 ,206, 832 .43 

7,431,022.73 

12,143,103.07 

15,097,880.38 

23,380,462.49 

30,300, eSO. 01 

19,£29,841.06 

20,304,844.78 

18,218,770.49 

0,608,167.01 

4,665, A25. 04 

3,031,287.72 

2,005,285.34 

18,265,084.84 

8,395,443.73 

112,002,776^10 

41,420,300.20 

136, 143, 187. GC 

151,021,507.31 

100,411,026.^ 

130,174,341.77 

110,728,101.01 

80,527,039.00 

73,374,168.64 

S6. 427,^27.64 

7^,169,607.17 

03,274,721.71 

58,947,008.00 

91,694,006.30 

in, 4^,846, 71 

307,064,575. 14 

108,299,404 40 

182,678,977.44 

103,323,331.14 

161,382,037.70 

165,046,^0,60 

132,602,360.17 

332,009, na 95 

207,000,608.44 
244,094,109,01 
210,737,083.76 
100,841,18172 
166,847,836^49 
129, m, 702. A3 
124,^24.80194 
110,885,988.10 
106,348,193.17 
299,637,307.07 
244,466,201.95 
209,283,043.13 
284,488,610.30 
30&, 827,006. 37 
328,400,798.13 
3d3,l«T,301.16 
388,686,111^ 
322,051.668,02 
395.477,401.89 
330.080.35183 
422,001,445.47 
395,171.347.73 



Kumber 

of 

dei>oaltary 

imnkA. 



204 
330 



370 
276 
148 
159 
163 
156 
154 
145 
143 
145 
124 
137 
131 
130 
lU 
140 
135 
132 
160 
200 
290 
270 
205 
185 
150 
160 
166 
160 
160 
168 
172 
357 
442 
443 

sn 

713 
842 

837 

928 

1,25B 

1,136 



250 



REPORT ON THE FINANCES. 



Bio. 51. — ^National Banes Designated as Depositaries of Public Moneys, 
WITH THE Balance Held by Each September 30, 1908 — Continued. 



REGULAR DEPOSITARIE&-<:ontlnued. 



Title of bank. 



To the credit 
of the Treas- 
urer of the 
United States 
and United 

States 

disbursing 

officers. 



If tc^tf^an— Continued. 

First National Exchange Bank, Port 
Huron 

Second National Bank, Saginaw 

First National Bank, Sault Ste. 
Marie 

Minnesota. 

Merchants' National Bank, Crooks- 
ton 

First National Bank, Duluth 

First National Bank, Minneapolis. . . 

Northwestern, National Bank, Min- 
neapolis 

First National Bank, St. Paul 

Second National Bank, St. Paul 

Nat'l Qerman-Amerlcan B'k, St. 
Paul 

Afississippi. j 

First National Bank, Vicksburg I 

American National Bank, Vicksburg : 

Missouri. 

First National Bank, Kansas City.... i 
National Bank of Commerce, Kansas 

City 

National Bank of the Republic, 

Kansas City 

Union National Bank, Kansas City. 
First National Bonk of Buchanan 

County, St. Joseph I 

Gennan-American National Bank, I 

St. Joseph ! 

Third National Bank, St. Louis 

Central National Bank, St. Louis...! 
Mechanics - American National i 

Bank. St. Ix)uls 

Merchants'-Loclede National Bank, ' 

St. l/ouis ' 

National Bank of Commerce, St. > 

Louis I 

State National Bank, St. Louis ' 

Montana. 

Yellowstone National Bank, BllUnps 
Commercial National Bank, Boze- 

man 

First NaUonal Bank, Butte 

First National Bank, Glasgow 

First National Bank, Great Falls.. 
American National Bank, Helena.. 
National Bank of Montana, Helena. 
Conrad National Bank, KalispelL. 
First National Bank, Lewistown... 
State National Bank, Miles City . . . 
Western Montana National Bank, 

Missoula 

Nebraska. 

First National Bank, Lincoln 

First National Bank, Omaha 

Merchants' National Bank, Omaha. 
Nebraska National Bank. Omaha. . 

Omaha National Bank. Omaha 

Uniteil States National Bank, 
Omaha 



$68,553.27 
138,377.63 

60,000.00 



50,323.95 
150,000.00 
275,465.15 

218,084.79 
387,603.54 
400,312.50 

150,000.00 



60,166.20 
50,000.00 



287,422.62 

499,922.72 

250,000.00 
147,048.75 

107,093.58 

50.000.00 
160.000.00 
80,000.00 

325,000.00 

265,700.00 

874,550.82 
295.000.00 



50,000.00 

49,898.14 I 
100,000.00 
49.<i53.«.0 ; 
49.943.27 
ino.311.82 
197.780.37 
50,000.00 
80,000.00 
70,000.00 ' 

99,671.94 



49,946.20 
218,115.36 
190.000.00 
151.320.44 
485. 337. (V4 

196,232.20 



Title of bank. 



Nevada. 

Fanners' and Merchants' National 

Bank, Reno 

Nixon National Bank, Reno 

New Hampshire. 

First National Bank, Concord 

Manchester National Bank, Man- 
chester 

First National Bank, Portsmouth . . . 

New Hampshire National Bank, 
Portsmouth 

New Jersey. 

Brldgeton National Bank, Bridge- 
ton 

Camden National Bank, Camden.. 

First National Bank, Jersey atv.... 

Essex County National Bank, New- 
ark 

Union National Bank, Newark 

Passaic National Bank, Passaic 

First National Bank, Paterson 

Paterson National Bank, Paterson . . 

First National Bank, Perth Amboy. 

First National Bank, Trenton 

I 
New Mexico. 

First National Bank, Albuquerque. . ' 125, 2891 05 

First National Bank, Clayton " 50, OOa 00 

First National Bank, Roswell 50, OOa 00 

First National Bank, Santa Fe j 40, 462. 42 

New York. \ 



To the credit 

of theTreas- 

uxerof the 

United States 

and United 

States 

disbursing 

oflQoers. 



$36,0»5.33 
381,00a00 



50,28&94 

70,00a00 
204,549.57 

50,000.00 



46,317.04 
72,027.67 
150,00a00 

6o,ooaoo 

306,429.97 

5o,ooaoo 

58,00&33 
53,406.03 

50,ooaoo 

96,66166 



First National Bank. Albany 

National ( ommerclal Bank. Albany. 
First National Bank, Blngnamton.. 
Nassau National Bank, Brooklyn... 

National City Bank, Brooklyn I 

Third National Bank, Buffalo : 

Marine National Bank, Buffalo 

Second National Bank, Klmira 

American Exchange National Bank, 

New York 

( itixcns' Central National Bank, ' 

New York 

Hanover National Bank, New York.' 
Liberty National Bank, New York.. 
National Bank of Commerce, New 

York 

National City Bank, New York 

New York County National Bank, 

New York 

Soalx>ard National Bank. New York. 
National Bank of Ogdensbm^, Og- 

densburg ' 

First National Bank. Oswego 

Westchester County National Bank, 

PeekskUl 

Plattsburg National Bank, Platts- 

burg 

National Bank of Rochester, Rocb- i 

ester 

Traders' National Bank, Rochester. . 

Third National Bank. Syracuse ' 

Manufacturers' National Bank, 

Troy 



91,122.20 
248,072.31 

49,90&50 
249,113.20 
250,00a00 
246,Q2a49 

36i,ooaoo 

47,40L00 

256,12&95 

2e2,07&40 
962,742.06 

ii8,ooaoo 

648,303.87 

2,22a ooa 00 

250,00a00 

100, ooa 00 
50. ooa 00 

148,10ai9 

150, ooa 00 
50, ooa 00 

3a6,30&74 
85.0ia42 
115,2S6iS3 

106, ooa 00 



TBEASUBEB. 



289 



Wo. 39. — Fractional Currenct of each Denomination Issued, Redeemed, 
AND Outstanding June 30, 1908. 





Total issued. 


Redeemed 
during year. 


Total redeemed. 


Outstanding. 


Three cents 


9601,923.90 

6, 694, n7. 85 

82,198,456.80 

5,305.568.40 

139,031.482.00 

135,891.930.60 




9611,719.78 

3,836,191.48 

77,142,000.43 

5,065,545.60 

134,762,257.01 

132,135,612.45 


990,204.12 


Five cents 


911.20 
244.00 
3.40 
46&15 
453.25 


1,858,626.37 


Xm o<^nts r - .... 


5,066,456.37 


Fifteen cents 


240,022.71 


Twenty-five cents 


4,269,224.99 


Fifty cents 


3,756,31&05 






Total.: 


368,724,079.45 


1,180.00 


353,453,326.84 
32,000.00 


15,270,762.61 


Unknown, destroyed 


32,000.00 










Net 


368,724,079.45 


1,180.00 


353,485,326.84 


15,238,762.61 







Wo. 40. — Compound-Interest Notes op each Denomination Issued, Redeemed, 
and Outstanding June 30, 1908. 



Denomination. 



Total issued. 



Redeemed 
during year. 



Ten dollars 

Twenty dollars 

Fifty doUars 

One hundred dollars. 
Five hundred doUars. 
One thousand dollars 

Total 



923.285.200 
30.125,840 
60,824,000 
45.094.400 
67,846.000 
39,420,000 



266,605,440 



950 



60 



Total 
redeemed. 



923,265,200 
30,094,070 
60,762,750 
45,062,600 
67,835.000 
39,416,000 



266,435,620 



Outstanding. 



920,000 
31,770 
61,250 
31,800 
11,000 
4,000 



160,820 



Bio. 41. — One and Two Year Notes op Each Denomination Issued, Redeemed, 
AND Outstanding June 30, 1908. 



Denomination. 


Total issued. 


Redeemed 
during year. 


Total 
redeemed. 


Outstanding. 


Ten dollars - 


96,200,000 
16,440,000 
20,945,600 
37,804,400 
40,302,000 
89,308.000 


910 


96,193,970 
16,427,780 
120,932,300 
37,788,600 
40,300,600 
80,289,000 


96,030 


Tvmntv dollATS. . .. 


12,220 


Fifty doUars 




13,300 


OiM hnndrad dollars 




16,800 


Five hundred dollars 




1,500 


One thousand dollars 




19,000 








Total 


211,000,000 


10 


210,932,160 
10,690 


67,850 


Unknown, destrovod 


10,690 










Net 


211,000,000 


10 


210,942,740 


67,260 



Mo. 42. — United States Paper Currency op Each Class, Together with 
One and Two Year Notes and Compound-Interest Notes, Issued, 
Redeemed, and Outstanding June 30, 1908. 



Cliia». 



Issued 
dortnf 



30a,3S€,000 



mi dmiftnd nofts, ... 

TSuSm. States notes 9133, fiin, 000 

Tnmairy Dotei of IWD. .... J 
<kild oertiaeatei 

Sllvi^ DertiflRates , 

Cnmency oertlfic*t«Bi* 

Fractional curronoy, * ,-.. 
One and two par notoft. . 
Compoond-JxileTeit notes . 

Total , 



«04«39e,000 



Total IsAuad. 




150,97«(.71T.50 



9S3»2ft2>60 



«W*IXW,000 _ 

3,Dttfl«1i^.WR.OO|12»,G10,noa.OO J,m9tHU,792.0Q :M«,f»6l, 01^00 
447*4:15,000 " ^^^ " " "" "^ " 

4, lOOi, 360,000. 

36S, 724,079. 
m, 000, 000. 
304, £05, 440, 



1.00 UOOtS.WO.OOl 
L4lt 230,821,000.00 
\M 3as, 783,000.00 



1,180.00 

10,00 
50.00 



442, 453, €00. DO 4,9»S,0D0.00 
2, Oa:*, 070,011.46 619,783,800.00 
a, 71«, 000. COO. 00 474,360,000.00 
l,47^«affirO0O.00 

353,4BG,336.N 

3eO,435.F20.00 



15,238,752.61 

67,aeo.oo 

159, 820, 00 



ll,430,»5^307.91i CltS^ 2Ztpm 00 13, 709, 250, 207. 8K1,I!«1 ,300^300. It 



I 



aoii, 



252 



REPOBT ON THE FINANCES. 



IVo. 51. — National Banes Designated as Depositaries of Public Moneys, 
WITH THE Balance Held in Each September 30, 1908 — Continued. 

REGULAR DEPOSITARIES— Continued. 



Title of bank. 



South Dai-oto— Continued. 

First National Bank, Mitchell 

Mitchell NaUonal Bank. MitcheU... 

First National Bank, Pierre 

Pierre National Bank, Pierre 

First National Bank. Rapid City.... 
Minnehaha National Bank, Sioux 

FaUs 

Sioux Falls National Bank, Sioux 

FaUs 

Tennessee, 

First National Bank, Bristol 

First National Bank, Chattanooga.. . 

American National Bank, Chatta- 
nooga 

First NaUonal Bank, ClarksviUe. . . . 

Manufacturers' National Bank, Har- 
riman 

Unaka National Bank, Johnson City 

East Tennessee National Bank, 
Enoxville 

Holston National Bank. Knoxville. . 

First National Bank, Memphis , 

First National Bank, Nashville 

American National Bank, Nashville. 

First National Bank, Tullahoma. . . . 

Texas. 

Austin National Bank, Austin , 

Corpus Christi National Bank, 
Corpus Christi 

American Exchange National Bank, 
Dallas 

City National Bank, Dallas 

First National Bank, Ea^e Pass.. . . 

First National Bank, El Paso 

Galveston National Bank, Galveston 

South Texas National Bank, Hous- 
ton 

First National Bank, Port Arthur.. 

San Antonio National Bank, San 
Antonio 

Merchants and Planters' National 
Bank, Sherman 

Citizens' National Bank, Waco 

Utah. 

First National Bank, Ogden 

Utah National Bank, Ogden 

Deseret National Bank, Salt Lake 

City 

National Bank of the Republic, Salt 

Lake City 

Vermont. 

Merchants' National Bank, Burling- 
ton , 

National Bank of Newport, Newport 

Virginia. 

First National Bank, Abingdon 

First National Bank, Alexandria... 

First National Bank, Danville 

Lynchburg National Bank, Lynch- 
Dure 

First National Bank, Newport News. 

Newport News National Bank, New- 
port News 

National Bank of Commerce, Nor- 
folk 



To the credit 
of the Treas- 
urer of the 
United States 
and United 

States 

disbursing 

officers. 



$50,000.00 
50,000.00 
49,87L37 
53,336.21 
49,61&38 

75,280.06 

50,000.00 



62,000.00 
163,51&06 

70,000.00 
50,000.00 

50,000.00 
31,117.17 

99,309.97 
50,000.00 
190,833.09 
235,216.64 
127,000.00 
49,99^18 



200,756.28 

49,762.33 

132,701.77 
89,185.31 
46,506.40 
147,792.47 
135,848.73 

55,000.00 i 
49,907.56 

I 
343,066.07 

52,695.33 
50,000.00 



47,560.84 
49,902.55 

80,623.70 

146,273.56 



101,685.87 
50,000.00 

50,000.00 
51,515.62 
90,000.00 

120,000.00 
100,437.19 

a 16,543. 75 

1,104,725.32 



TiUeofbank. 



Kir^'nia^Contlnued. 

Norfolk National Bank, Norfolk.... 

Virginia National Bank, Petersburg. 

American National Bank, Richmond 

Merchants' National Bank, Rich- 
mond , 

National Bank of Virgiiiia, Rich- 
mond , 



Washington. 
First National Bank, Bellingham 



First National Bank. North x ...^s^. 

First National Bank, Port Town- 
send 

National Bank of Commerce, Seattle. 

Seattle National Bank, Seattle 

Exchange National Bank, Spokane. 

Old National Bank, Spokane 

National Bank of Commerce, Taooma 

Pacific National Bank, Taooma 

Vancouver National Bank, Van- 
couver 

First National Bank, WaUa Walla. . 

West Virginia. 

Citisens' National Bank, Charleston. 

First National Bank, Grafton 

West Virginia National Bank, 

Huntington , 

First National Bank, Huntington. . 
Old National Bank, Martinsburg.... 
First National Bank, Parkersburg .. 
National Exchange Bank, Wheeling. 

Wisconsin. 

Ashland National Bank, Ashland... 

Kellogg National Bank, Green Bay. . 

National Bank of La Crosse, La 
Crosse 

First National Bank, Madison 

First National Bank, Milwaukee.... 

National Exchange Bank, Milwau- 
kee 

Wisconsin National Bank, Milwau- 
kee 

Old National Bank, Oshkosh 



To the credit 

of theTreas- 

orerof the 

United States 

and United 

States 

disboising 

officers. 



Wyoming. 

First National Bank, Buffalo 

First National Bank, Cheyenne • 

Stock Growers' National Bank, ! 

Cheyenne ■ 

First National Bank, Kvanston 

First National Bank, Lander 

First National Bank, Shoshoni 



$780,890.87 
90,728.SS 
376,072.16 

286,604.80 

245,000.00 



50,000.00 
98,885.02 

50,061.71 
800,803.06 
800,082.00 
58,764.07 
00,700.17 
250,635.82 
206,000.00 

51,088.48 
50,000.00 



200,007.60 
60,000.00 

50,ooaoo 

50,000.00 
50,320.30 
60,000.00 
108,000.00 



55,068.55 
50,000.00 

40,868. ao 

40,158.05 

300,215.60 

215,487.57 

344,406.43 

50,075.00 



40,000.00 
127,422.21 

00,023.50 
50,360.80 
50,000.00 
50,085.00 



387,888.17 
373,330.60 



ADDITIONAL DEPOSITABIES. 

Ca6a. ' 

Banco de la Habana, Havana 

National Bank of Cuba, Havana 

Philippine Islands. 

Treasury of the Philippine Islands, ' 
Manila 3,880,416.83 

Porto Rico. 

American Colonial Bank of P<»to 
Rico, San Juan 



Total 73,027,063.31 



a In liquidation. 



308,042.07 



TREASURER. 



258 



Mo* 61* — ^National Banks Designated as Depositaries of Pubuc Moneys, 
WITH THE Balance Held by Each September 30, 1908 — Continued. 

special depositaries. 



liUBOrilADk. 



To tlw credit 

of thfl 
Tpejasuror of 
tbe Untted 



TlUflofhank. 



TotheeiedJt 

oJUw 
TreAsuier of 
the Unlt^ 

States. 



Ftot National Banfc, Annlston..... 

Annifton NiitloiiLil Bank^ .\DiLLstoli, 
FltBt Nadon^l Bank, Dottuin....... 

Doiban Natloniil Dank, DoChan.... 

Pint KatlOfnaJ Bank, Eutaw-,...-. 

Ftist Nattonal Bank, Gadsden.. 

Hcotknon National Bank^ Huota^ 

vUio 

Eiiehangp Nntiatiol Baak, Mi>nt- 

gomery. ,^. . *....,*... ^. ...... . 

Oiy NatlonaJ Bank^ Selma..... .... 

Selma N^tioiial Baiik, 8e1nia ... 

Isl»eU NatlonaJ Bank, TalJadf^ga ^'- 
Talladcga SationaJ Bank, TalladGga. 

Arizona. 



Tim Nfetlffnol Bank, Globe. 



ArVan^a Nation^ Bank, Fayett^y 
YiilQ , 

First Natlonta B&nk, Fort Smith.... 

AtnerkoJa Nat lotiol Bank, Fort 
Smith..... 

Mott)bant3' National Ba:ok, Fort 
Srotth 

First National Baok, Gravotte*. . . . . 

OUifomia. 

Fifst Natlooal Batik, Di^kot«f 

Berkeley National Bank, Berki^Loj.. 

5!rat Katiooal Bank JColton 

Amflrican National Bank, Los .^n^ 

CSSda* NftUonal Bonk, 'l^'a'i^' 

p^m 

FarmfiTa and iltirvhants' National 

Bank, Lo» Anglos........... 

MerFhaiiis^ National Bank, Loa Art- 

grJes 

Ffiat Ncitlotia] Bauk^ Nnpa.**. 

UqIou National Bank, Oakland 

First NaUonal Bank, Pasadetia..... 
FclaJuiDa National Baok^ Pfltar 

luina . _ _ , 

Firat Nattona] Bank, Pomona.... . . . 

ClUifina* Natlomil Bank, Rcdlands.. 
Redlanda NatlonaJ Bank, Bcd- 

1 ands , . „ ....*,.., 

First National Bank, Rlvoislde 

Sao B^rnaraino National Bank, San 

Bernardino . ....„,.„. . , , 

National Bank of cbe Pacific^ San 

Ft^nelsco^. ,,....,*,.,.♦.,,.. .^ . ,, 
United Stat«3 Natlooil Bank/ San 

Francisco. . . , „ „ ^ * _ 

First National Bank, Ban Jose 

Ftrtt Natlt^nal Bank, San PeOro 

aania Rosa Katlonal Bank^ Santa 



4m«fScan Natfonal Bank. Alamos. 
FIfSt National Bonk, Colorado 

Springs. .„ . .,..„. 

E]r change NaUanal Bank, Caknado 

Sprln;^ , 

Flnt National Bank, Crlppto Cri«sk. 
Capitol NaUonal Baitk. mavnf 



i50,€0Q.OD 

50,000.00 
50,000.00 
fiO,€00.00 
£0,000,00 

5^000,00 

50,000,00 
50, 000. 00 
50, ODD. 00 
SO, 000,00 

so^ooaoo 



^OiOoaoo 



50,000.00 
50,000.00 

£0,000.00 

50,000,00 
25,000.00 



Cototodo— Continued. 

National Bank ol Commerce, Dan- 
dier ..... 

United States National Bank, Deli- 
ver 

First National Bank, Fort Collins, . . 

Morgan County National Bank, Foit 
Morgan. .,...,.,. . 

lYoods-Rubey National Bank, Gol- 
den... ^ 

Grand Valley National Bank, Grand 
Junc^tlon. 

Carbonate National Bank, L(?ad- 
villo 

Mercantile National Bank, Pueblo. . 

Cymnedicul. 

Wlndhain County National Bank, 

Danlel&on. 

FUst National Bank, Itarirord...... 

First Naijoml B^qk, Mcrldoti^., 

IToToc Nallonol Bonk, Mcrldpn...... 

YjiIg National B^ttli, New Haven,., 
National Bankof Norwulkr Norv¥alk. 

Firat Nhitloiial Banki Norw'Uh.* 

First No t i onal Ban t, 1' u mam. ...... 

Torrlngion National Bank, Torrlng- 
ton. ... ................. ....^...... 

I Windham National Bank, Wtlll- 
mantio. ........................... 



71,000.00 
45,000,00 
5O,0O0l00 

5o,ooaoo 

50,000.00 
50,000.00 
50,000.00 

5o,ooaoo 
45,ooaoo 

50,000.00 

50,000.00 
50,000.00 

£o,ooaoo 

50,000.00 
£0,OOaOD 

50,ooaoo [ 

SS,OOO.OD I 

00,000.00 !| 
50,000 (XI ■' 
50,000.00 

5O,000lO0 



50,000.00 

50,000.00 

50,000.00 
50,000.00 

50,ooaoo 



Lewts National Bank, Jjiwea 

DiMrkt of C^umbia. 

Seseond National Bank. 'Wasblnrtou. 

American National Bank, Woolang- 
ton.,, 

Colcuabla NatloniU Bank, Washing- 
ton. .»... 

Commerttal National Bank, Wasb- 
Ingion.v. .......... 

Famieis and Mtjohanlra' National 
Bank of Gcori^Ki'town, Washington. 

Lincoln Njitlonal Baiik;w^blngton. 

National C^pliui Bank. WasTilngton. 

NottonaJ City Bonk, Wasbiucton . . . 

National Metropolitan Bank, Waih- 
liigton,. 

Rl£gs National Bank, Waahlngton.. 

Firat Natfonal Bank, Apalachfcola.. 

First National Bunk, Ft^fnandltia... 

Oaln^ vlllo National Bank, Gaines- 
ville..... ,..., 

First National Bank, Miami 

Firat National Bank, St. AupistliMS. 

Notional Bank of St. Peter&baig, St. 
Petersburg. 



Albany National Bank, Albany.. 
Am^^rlcus National Bank, Amerfoias* 
Gcoreta Natloiuil Bank. Athens..... 
Third Nationfll Bank, Atlanta...,. J 

Fourth National Bank, Atlanta i 

First N&tional Baiik, Bolnbrldcp.,..! 
First National Bank, Bamcsville....! 
National Batik of Bnmswiok, Bmns^ 
wick ._......^ 



ISO, 000. 00 
50,000.00 

5o^ooaoo 

50,000,00 
50,000,00 
50,000.00 

60,ooano 

50,000.00 



50,000,00 
50,000.00 
50,000 00 
50,000.00 
00,000.00 
50,000.00 
50,<X)0,00 
50,000,00 

50,000.00 

15,000.00 

60,000.00 

11Ki,500.00 

ISO, 000,00 

1^3,000.00 

218,000,00 

158,500.00 
116,000 00 
130,5001 00 
lOS, 000,00 

4.'52,000.ii0 
fiO7,00O,00 



50,000 DO 
50,000,00 

50,000 no 
60, noil oo 

50,f>00 OO 
50,000.00 



50,000 00 
50,0fK) 00 

50,noaoo 

50,000,00 
130,000,00 
5O,OO0lO0 
50,000. fO 



254 



REPORT ON THE FINANCES. 



No. 51. — National Banks Designated as Depositaries op Public Moneys, 
WITH THE Balance Held by Each September 30, 1908 — Continued. 

SPECIAL DEPOSITARIES— Continued. 



Title of bank. 



To the credit 

of the 
Treasurer of 
the United 

States. 



Oeorgia—Cont I nued . 

Third National Bank, Columbus 

National Bank of Columbus, Colum- 
bus 

Exchange National Bank, Fitzgerald. 

First National Bank, Forsyth 

Greensboro National Bank, Greens- 
boro 

First National Bank, Hawkinsville. . 

La Grange National Bank.La Grange 

Fourth National Bank, Macon 

American National Bank, Macon 

First National Bank, Madison 

First National Bank, Marietta 

First National Bank, Quitman 

First National Bank, Sand«rsville . . 

National Bank of Savannah, Savan- 
nah 

First National Bank, Sparta 

First National Bank, Valdosta 

Idaho. 

Western National Bank, Caldwell... 

First National Bank, Moscow 

First National Bank, Pocatello 

First National Bank, Wallace 

First National Bank, Weiser 

Weiser National Bank, Weiser 

IllinoU. 

Citizens' National Bank, Alton 

First National Bank, Amboy 

First National Bank, Aurora 

First National Bank, Beardstown... 

First National Bank, Belvidere 

Third National Bank, Bloomington. 

First National Bank, Carlyle 

Old National Bank, Centralia 

First National Bank, Champaign ... 
Bankers' National Bank, Chicago... 
Commercial National Bank, Chicago. 
Continental National Bank, Chicago. 
Drovers' Deposit National Bank, 

Chicago 

Monroe National Bank, Chicago 

National Bank of the Republic, 

Chicago 

National City Bank, Chicago 

Second National Bank, Danville 

Citizens' National Bank, Decatur... 
National Bank of Decatur, Decatur. . 
Tazewell County National Bank, 

Delavan 

First National Bank, D wight 

City National Bank, East St. Louis. . 
First National Bank, Edwardsville. . 

Home National Bank, Elgin 

Union National Bank, Elgin 

I irst National Bank, Flora 

First National Bank, Gibson City... 
First National Bank, Granite City.. . 
Granite City National Bank, Granite 

City 

First National Bank, Jollet 

Joliet National Bank, Jollet 

First National Bank, Kankakee 

City National Bank. Kankakee 

I^ Salle National Bank, La Salle ... 

Lincoln National Bank, Lincoln 

Thlnl National Bank, Mt Vernon.. 
Paua National Bank, Pana 



$50,000.00 

50,000.00 
50,000.00 
50,000.00 

50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 

50,000.00 
50,000.00 
50,000.00 



50,000.00 
50,000.00 
20,000.00 
60,000.00 
50,000.00 
60,000.00 



50,000.00 
60,000.00 
50,000.00 
50,000.00 
60,000.00 
50,000.00 
60,000.00 
50,000.00 
50,000.00 
50,000.00 
105,000.00 
138,000.00 

65,000.00 
123,000.00 

105,000.00 
90,000.00 
50,000.00 
50,000.00 
50,000.00 

50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
47,600.00 I 

50,000.00 ' 
60,000.00 I 
50,000.00 
60,000.00 
60,000.00 i 
60,000.00 I 
60,000.00 
50,000.00 , 
60,000.00 . 



Title of bank. 



///tnot*— Continued. 

Edgar County National Bank, Paris. 
Livingston County National Bank, 

Pontlac 

Citizens' National Bank, Princeton. . 
Farmers' National Bank, Princeton. 

Third National Bank, Rockford 

Manufacturers' National Bank, 

Roc kf or d 

Rockford National Bank, Rockford. . 
Ridgely National Bank, Springfield. 

Indiana. 

Citizens' National Bank, Bedford... 

Bloomington National Bank, Bloom- 
ington 

BoonvUle National Bank, Boon- 
vUle 

First National Bank, Brazil 

Rlddell NaUonal Bank, Brazil 

National Brookvlile Bank, Brook- 
vllle 

First National Bank, Connersvllle. . 

Cory don National Bank, Cory don.. 

First National Bank, Crawfords- 
vUle 

Citizens' National Bank, Crawfords- 
vUle 

Elston National Bank, Crawfords- 
vlUe 

Bankers National Buik, Evansville. 

Citizens' National Bank, Evansville. 

City National Bank. Evansville 

Mercantile National Bank, Evans- 
ville 

German-American National Bank, 
Fort W ayne 

First National Bank, Frankfort 

American National Bank, Frankfort. 

Franklin National Bank, Franklin. . 

Central National Bank, Greencastle. 

Third National Bank. Greensborg. . 

Citizens' National Bank, Greens- 
burg 

First National Bank, Uuntington.. . 

Columbia National Bank, Indiaaap- 
olls 

Fletcher National Bank, Indianapo- 
lis 

Union National Bank, Indianapolis. 

Citizens' National Bank,Kokomo... 

Howard National Bank, Kokomo... 

First National Bank, La Fayette.... 

aty National Bank. La Fa^tte 

Merchants' National Bank, La Fay- 
ette 

National Fowler Bank, La Fayette. 

First National Bank, Lebanon 

Lebanon National Bank, Lebanon.. 

Union Coimty National Bank, Lib- 
erty 

First National Bank, Madison 

National Branch Bank, Madison 

Delaware County National Bank, 
Munoie 

Merchants' National Bank, Muncie.. 

Second National Bank, New Albany. 

Merchants' National Bank, New 
Albany 

New Albany National Bank, New 
Albanv 

Citizens' NaUonal Bank. Peru 



To the credit 

of the 

Treasurer of 

the United 

States. 



950,000.00 
40,000.00 

5o,ooaoo 

60,000.00 

5o,ooaoo 

50,ooaoo 
60,ooaoo 
60, oca 00 



5O,O0aGO 

60,ooaoo 

60,ooaoo 
50,ooaoo 
60,ooaoo 

fio,ooaoo 
50,ooaoo 
37,ooaoo 

60,000.00 
25,000.00 

6o,ooaoo 
5o,ooaoo 

60,000.00 
60,000.00 

60,000.00 

fio,ooaoo 

60,000.00 
50,000.00 

5o,ooaoo 
60,ooaoo 
i5,ooaoo 

50,ooaoo 
50,ooaoo 

i5,ooaoo 

50,ooaoo 
2S,ooaoo 
60,ooaoo 
50,ooaoo 
5o,ooaoo 
5o,ooaoo 

50,ooaoo 
4o.ooaoo 
5o,ooaoo 
i6,ooaoo 

50,ooaoo 
6o,ooaoo 
5o,ooaoo 

so.ooaoo 
5o,ooaoo 
50,ooaoo 

60,000.00 

50.ooaoo 
60, oca 00 



TREASURER. 



255 



Wo. 51. — National Banks Designated as Depositaries op Pubuc Moneys, 
WITH the Balance Held by Each September 30, 1908— Continued. 



special DEPOSITARIES-Continucd. 



TliJeofb«nk- 



Jndiana— Coo 1 1 nuod. 

BoMx^ui-Wa(«8 NatEtui^ Bank, 
f^otay vtlle , 

PMole'fl N&tlona] Bank. Fiincctgn.. 

llrit KAtftmaJ Bmkj Hlchmonc!, ,. . 

OdImi Nfttiooal Bankt Rlelunortd.. . 

FLrat Nattooal Baote, Scaymour — . . 

KktJoiidl Bonk of SulJIvan, SuJJlvy.fi. 

Becond Nfttional Bftuk. Vinoenn/.s. . 

Vttnnera* sod Mt^rcbaaL^t^ NaUoD^ 
B«nk, Wabash. . . . » 

W«bfldli NaUoaal Bank, Wobaaii,*. 

fli«t Nfltiony Bankj AJgooa. .*..... 
CiyxADa'' iJittkmai Bonk, Belle 

Plalne... .,,. 

First Natloaa] Bank, BoonH. 

BooiMs K«tloaa) B^mk. lioont?, , . . , „ 
Merobaiits' National Bank, Bttding- 

ton .,,_...,.,,.,_.. 

Hatlooal State Bock. Burlington.,.. 
Ced^ Folk KaUaDAl Bauk, Cedar 

Falls ..., 

M«(^*hant3* Notloual Bank, Cedar 

Raplda.,. 

rommerclal ^ailc^nal BMik, Charles 

Qty 

Clidoda NaUonaJ Hank, narltida.. . 

Flfst NatlOBoJ Book. Cortili^R. 

ComnHVCliI Natloaal Bank, ColuhlU 

ItitliKMl B«n k of Det'orafr, t>£?corala. 
VMNattoDa] Bank, FJdoi^.. ...... 

lint Natf onal Bank. KmnintibufK- 
OuaiDttVlAl NatfonaJ B^k. Esmx. . 
nnt Nfltlof]*] Bank, Fon Dodge... 
pMi Dod^ KatloooJ Biiak, Fort 

^iratNatlotia]' Ban k , Gan]*?-f . 1. 1.... 

Onjtidy Count)* NaUoiial Bsok, 
Crrundf Cei]iU?r.. 

CillJiMlt' Nation liI Baijk, HainploQ.. 

VllSt If&ttOCia] Bimk, lowti FuUs..., 

Knoxvllle K^tlacal Bank, Koox^ 
Tille ,. 

UAJitm C'Otmiy National Bank, 
KnoivtUo ,...,..... 

Jim National Bank, Lak^ liUls., .. 

YM National Bankt l^an$ .,.. 

FlRt NaUonal Bank, ifosou City. . . 

at J NaUonfll Bank, Mason City..,. 

Fltst N^Uonrtl Bank, ilontraatntt... 

Unt Nation [d Bank, Mount Pleas- 
ant...... 

Katfonal State BanJc, Mount Fleaa- 
ant 

lSr»t National Bank, Newton....... 

First Nation^ Hank, No nh wood... 

O^kaloosa National Bank, Oska- 

luPBj ,,....., ..,.., J. . + ,.,+.... 

I$wa NatioTiar Bank, bttiini wa 

Ottumim NaUotial Bank, Ottumwa, 
flm Hatlonal Bank, Eofl Oak. . . . . . 

Bed Oak Nayonn] Bank, Red O&k. . 
ftnt Nations] Bank, Rock HapiilR. . 
Wiist National Bunk, Rofk Valk*y.. 
Bbi^liiati Nfltlona) Bank, 8M-!on-,.. 
Jfira£ National Bank. Sh*^ntirn|oah... 
ibcoaiidffiili NaiJaaal Bank^SbeOAO- 



Totbe credit 

or the 
Treasurer of 
tbe United 

States. 



5o.ooo.ra 
^,ooa.oa 
fio.ooa.oo 
sj.ooo.w 

50,000.00 

£o,aoa.oo 
so.coaoo 



50/Ooaoo 

BO.ooaco 
fio.oix>,ra 

50,00^00 
i50,00OL0O 

Go.ocxxra 

GO,ooaoo 

ira.ooaoo 

«,ooaoo 
ao.ooaoo 
fio.ooaoo 

eo^ooaoo 

fiO,0Q0L00 
60.00010D 
50,000.00 

60,ooaoo 
w,ooaoo 

J50, 000.00 
60,000.00 

i5,ooaoo 
so.ooaoo 

fiO^OOOLOO 

50^000100 

SQ^OOdOO 
50,000.00 

Kt^ooaoo 

£0,000.00 
50,000.00 
15,OOEkOO 

2Sy000.00 

so,ora.oo 

GO,O0aOD 
50,000.00 

su,ooaoo 

£O,00aOD 
50,OU0Lra 

5n.orjo.ra 

^,Q00.U0 

.w.ooo.ra 

jO,M».00 
50,000.00 



Tjtk or bank. 



Totbec^redlt 

oftbe 

Treasurer of 

the United 

Stat^ 



foviii— Continued} 

Iowa State National Bmik, Sioux 

atr 

Kortbweatf m NatJonal Bank, Sioux 

Cily....... 

FlRt National Bank. WaU^floo 

Black tiatpk National Bank, Waters 

Joo.,, .....„.__.„,,, 

Commercial National Bank, Water- 

loo. ......... .............. 

Leavitt A Johnson National Bank, 

Waterloo , _ , . . „ , 

First Kailonal Bank, WavRrly.,..,, 

A'ofuttf. 

Ablkne National Bank, Abtlpne. 

First N at Ion al B an k . jV n thony , , 

Home Xatlonal Bank , A rkansasOty. 

Exehan^o National Bank. .\toIilflon. 

People'^ Nat icnai Bank. Burlington, 

PeopSe^ai^atioDal Bank, Ciay Center. 

ritttt ns' X atlon u] B an k . E m poria . . , 

Emporia Natkintil Bank, Euipohn.. 

I First NailonM Bank, Fort ik-oti 

''f Oa]pna NaUonul licink. QjOcna 

FtrstNntioniil Bank,t3rrat Ileud..., 

Fiirst National Bank, nofton....^..., 

Fini National Baok^ llutehins^^n... 

Firat National Bank, lndrp<*ij<!pnt'o. 

Cklxena' National Bank, Independ- 
ence 

Commercial NatJmnal Bank, Inde- 
pendence 

Nort hrup N atlonal Bank^ lola* . * , . . 

First Nfltlonal Rapk. Jrwell City.... 

FiT^t National Bttnk, Junction CUj, 

Comteierc^aJ National Batik, £Misaa 
City 

Flr?t National Bank, Kin^an. .... 

Uanufjattitrers' National Bailk, 

' l4^\-rn worth - 

; First Nnlional Bank, Itanhattan... 

: Flra t N at tonaJ Ban k , il ary £^1 lia 

I First Natlonaf Bank, Norton...,,,,. 

Oberlin Kailonfvl Batik. Oberlln 

Firat Nation al Bank , O gl>omo, .,,,.. 
i FliBt National Bank. Ottawa 

Peopjo's Kailou[il Jlank, Ottawa..,. 
I National Bank of Cotninefr«, Fltt»- 
I burg............... 

Fanners' National Bank, SaUna,.,. 
I National Bank of AmiTica, SaUna... 

Fim National Bank. Smltli Conter. . 

Centtal National Bank, Topeka 

National Bank of Co mm erce, \\ Ichlta. 

Fiftt National Baiik»Wlj)Qeld...... 

WlnMd National Bank, Wioflekl. ,, 



Second National Baok. Asblaiid 

Ajbland National Bank, Ajhland.,. 

Bowling Qn^cn National Bonk, 
Bowiui^ Green 

Morgan County Natiotiil Bank, 
Cannc 1 City ....................... 

Catlf^tlaburif National Bank, Cair 
Icttsltnr^. - . - - 

Hardin NatSonol Bank, KtitabePt' 

tOTHI.....,^...^,.-....^, .,,— ..-, 



ti5,ooaoo 

5o,ooaoo 
25,ooaoo 

50,00a DO 

fio.ooaoD 

i£.ooaoo 

15,000,00 



i5,ooaoo 
50,aoaao 
fio,ooaoo 
.■Ki.ooo.oo 
.w.ono.oo 

so. 000.00 

Go,ooaoo 

TAOOO.OO 
so. 000. 00 

5o,ooo.ra 

€0,OfaOO 

so,ooo.ra 
vi.ooaoo 

50.000.00 

£0,ooaoo 

50,000.00 
50,000,00 

50,ooo.ra 

50,000.00 

50,000.00 
50,000.00 

50,000.00 
50,000.00 
50,000^00 
50,000.00 
50.000.00 

fio,ooaoo 

5D,0OaOO 
IfijOOO. 00 

50,000^00 
50,000100 

50, ooa 00 

50,000.00 
25,000,00 

60. 000, m 

50.000.00 

15, ooa 00 



50,000100 
50,000.00 

so, ooa 00 
50, ooa 00 
£0, ooa 00 
£0. ooa 00 



256 



REPORT ON THE FINANCES. 



No. 51. — National Banks Designated as Depositaries of Public Monets, 
WITH THE Balance Held by Each September 30, 1908 — Continued. 

special depositaries— Continued. 



Title of bank. 


To the credit 

of the 
Treasurer of 
the United 

States. 


jr«n^uc*y— Continued. 

Trigg National Bank, Glasgow 

Henderson National Bank, Hender- 
son 


$50,ooaoo 

50,000.00 

25,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 i 
40,000 00 
50,000.00 

50,000.00 
50,000.00 

50,000.00 

5o,ooaoo 

50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 

5o,ooaoo 

50,000.00 

50,ooaoo 

50,000.00 

5o,ooaoo 

60,000.00 

60,000.00 

101,000.00 

51,000.00 

50,000.00 
50,000.00 

60,000.00 

6o,ooaoo 

50,000.00 

50.000.00 

50,000.00 

50.000.00 

50,000.00 1 

50,000.00 

6o,ooaoo 

81,000.00 
259,500.00 

60,000.00 

50,000.00 

60.000.00 
60,000.00 


Farmers' National Bank, Hodgen- 
vllle 


First National Bank, Hopkinsvllle. . 
Citizens' National Bank, Lebanon. . . 

First National Bank, Lexlneton 

Second National Bank, Lexington .. 
Third National Bank, Lexington.... 
Fayette National Bank, Lexington.. 

Louisa National Bank. Louisa 

Continental National Bank, Louis- 
ville 


First National Bank, Maysville 

Montgomery National Bank, Mount 
Sterling 


Paintsville National Bank, Paints- 
ville 


First National Bank, Paris 


First National Bank, Pikevllle 

PikeviUe National Bank, PikevUle.. 
First National Bank, Prestonsburg.. 
Farmers' National Bank, Princeton. 

First National Bank, Sebree 

First National Bank, Somerset 

Clark County National Bank, Win- 
chester 


Louisiana. 

First National Bank, Crowley 

First National Bank, Lake Charles. . 

Calcasieu National Bank, Lake 

Charles 


Lake Charles National Bank, Lake 
Charles 


New Iberia NaUonal Bank, New 
Iberia 


Commercial National Bank, New 
Orleans 


German-American National Bank, 
New Orleans 


People's National Bank, New Or- 
leans 


New Ilibemia National Bank, New 
Orleans 


First National Bank, Shreveport 

Commercial National Bank, Shreve- 
port 


Afaine. 

First National Bank, Augusta 

Bath National Bank, Bath 


City National Bank, Belfast 

People's National Bank,Farmlngton. 
Northern National Bank, HalloweU. 

Canal National Bank, Portland 

Chapman National Bank, Portland. . 
Tlconic National Bank. Waterville. 

Maryland. 

First National Bank, Baltimore 

Third National Bank, Baltimore.... 

Commercial and Farmers' National 

Bank, Baltimore 


Drovers and Mechanics' National 
Bank, Baltimore 


Farmers and Merchants' National 
Bank, Baltimore 


Maryland National Bank, Baltimore. 



Title of bank. 



Afarytond— Continued. 

National Bank of Baltimore, Balti- 
more 

National Bank of Commerce, Balti- 
more 

National Howard Bank, Baltimore. . 

National Marine Bank, Baltimore. . . 

National Union Bank of Maryland, 
Baltimore , 

Old Town National Bank, Baltimore. 

Western National Bank, Baltimore.. 

Second National Bank, Bel Air 

Hariord National Bank, Bel Air 

First National Bank, CatonsviUe. . . . 

Second National Bank, Chestertown. 

National Bankof CockeysvIlle,Cock- 
eysville 

Easton National Bank of Maryland, 
Easton 

Farmers and Merchants' National 
Bank, Easton 

Patapsoo National Bank, Ellicott 
City 

Citizens' National Bank, Frederick. . 

Farmers and Mechanics' National 
Bank, Frederick 

First National Bank, Frostburg 

First National Bank, Hancock 

First National Bank of St. Marys, 
Leonardtown 

First National Bank, Lonaooning. .. 

First National Bank, Oakland 

National Bank of Port Deposit, Port 
Deposit 

National Bank of Rising Sun, Rising 
Sun 

Salisbury National Bank, Salisbury. 

MassaehusetU. 

Greylock National Bank, Adams 

Second National Bank, Boston... 

Fourth National Bank. Boston 

Atlantic National Bank, Boston. 

Eliot National Bank, Boston 

National Bank of Commerce, Boston. 

National Market Bank of Brighton, 
Boston 

New England National Bank, Bos- 
ton 

People's National Bank of Roxbnry, 
Boston 

South End National Bank, Boston.. 

State National Bank, Boston 

Webster and Atlas National Bank, 
Boston 

Winthrop National Bank. Boston. . 

First National Bank, Fall River. . . 

Massasoit-Pocasset National Bank, 
Fall River 

Fitchburg National Bank, Fitch- 
burg 

Safety Fund National Bank, Fitch- i 
burg ! 

Westminster National Bank. Gard- 
ner 

City National Bank, Gloucester 

Franklin County National Bank, 
Greenfield 

Haverhill National Bank, HaverhlU. 

Merrimack National Bank, Haver- 
hlU 

Hingham National Bank, HIngham. 

Bay State National Bank, Lawrenoe. 



To the credit 

of the 

TrBasorerof 

the United 

States. 



950,000.00 

56,000.00 
60,000.00 

83,ooaoo 
6o,ooaoo 

60,000.00 
60,000.00 
81,000.00 
81,000.00 
50,000.00 
60,000.00 

60,000.00 

60,000.00 

50,000.00 

60,000.00 
60,000.00 

60,000.00 
50,000.00 
60,000.00 

25,000.00 
60,000.00 
60,000.00 

60,000.00 

60,000.00 
60,000.00 



60,ooaoo 

115,000.00 
50.000.00 
60,000.00 
60,000.00 

6o,ooaoo 

60,000.00 

60,000.00 

36,000.00 
60,000.00 
60,000.00 

60,000.00 
60,000.00 
15,000.00 

60,000.00 

60,000.00 

60,000.00 

6o,ooaoo 

50,000.00 

49,750.00 
60,000.00 

60.000.00 
60,000.00 
60,000.00 



TBEASUREB. 



257 



Bio. 51. — National Banks DfietOKATEo as Depositaries of Pubuc Moneys, 
WITH THE Balance Held by Each Septeii beb 30, 1908 — Continued. 

special DEPOSITARIEa^-Contlnued. 



Tlttoorbank. 



IfrroliVDts' N&tlonal Bank, Lav* 

rptice.. „. ISOpMO.OO 

Lw National Rank, L«. ............ £0,000^ 00 

Tt* leRi' Nattonal llftjit, Lowdl, , . . , W, 000, tW 

Cen tnl N ationo] Bank , L vn a ...... . fiOj €00. 00 

Fit^t N aUotiftl B ank , M art tioro. , , . „ fiO, 000, 00 

P«fplt?*3 National H&uk, Marlboro... &0,€00.€0 

Natkk N a Uonal liauir , K atick fi#, 000. 00 

Ueiieiianta* National Bank, New 

B«dfi3fd, ,,. BO|0OO.O0 

Iterchanta" National Bank, N«w- 

buoTKirt . BO, OOO. no 

Qc^on N aUon al Back , Ne wburypon 41 , 000. 00 
^arth Adaind Natlotml Bank, North 

Adura. - 2O0pO0O.«) 

Ftmt National B ank < N orthampton . fiOj OOO. 00 
Nor^unpton Nailonal Bauk, Konb- 

trnptjcm ...................... IfijOOO.CO 

Aplcbitur^ KaUonea Bank, Hcti- 

f«ld .......... 50,000.00 

Old Golouy NutionAl Bonlc, Pl|^- 

mtiutti. fiO,000.00 

FlTSt NatJotiftlBftHk, heading., CO,000.00 

Asiatic National Mank. ^alem. , 25,000, 00 

Mercan t i tfi N aH ona) Bank , Balent ... 60, 000, 00 

Mereh Anu' NaUonaJ Bank , Salem ... 1 A , 000. W 

Speoecr NtUonal Bank, Spencrf . ... £0.000. 00 

Chapln Natlooat Bank . SprI n^^ eld . . ^, 000. 00 
Bprlnjrfleld Nattooal liemi^, Sprlne- 

fletd. fi0,O00.0O 

Martlta'9 VloE^fard National Boak 

of Tlsbury . V liwyard Haven M. 000. flO 

Wm* National Bank, Waro ' W, 000. 00 

Fiiat National Bank, Weatboro,.... £0,000.00 
Metcbatila' National Book, Worc«9> i 

tm... ....*.. 60,000.00 

Mkktgan. 

PlntNailona) Bank, Allef^an...... 50,Q0a00 

Old National Batik, Battle Cr«ck. . fiO.OOaoo 

Flrvt National Bank. Columot.,,.. 60,000.00 
Mei^b ants' National Bank. Cbar- 

kitte , ..„. 15.000lOO 

Nalla nal B an kof Comm i^ttrA, Be trol t 1 70, ISO. 00 

Ftmt N at) onal B ank . E^t ana ba , . . . £0, 000. 00 
Orand Rap Ida National Batik, 

Grand RapMs. .....,,__ 50, 000. 00 

National City Bank, Orabd Rapids. 60, fWO. 00 

Old National Bank. Grand Baplds, JliOrOOO^OO 

First Natk>na3 BankJron Mountain. 60<00a 00 

Capitol Natl omil Bank, LaiL^ing,, , 60,000^00 

Cttj Natioual BanJt. Lansing. ..... S0,€Oa 00 

Mu4|iiPlt« Nattonai Bank, Mar- 

qaetto..,...., 60,000.00 

Hai:kl«yNatlonal Bank, Uosl^^n . ». 60, 000, 00 

First National Bank« Np^uom , . . J ^, OOO. 00 

First N aUonal Bonk. Peioa key 60, OOa OO 

Omimen^laJ National Bank, Bagl- 

Mw ..,,_ 60,000.00 

First N atioaai B ao k , Tra vpfse City. £0, 000. 00 
tJnlon CItjr National Bank, Union 

Ca^y. ,....,„ £0,000.00 

Jlliin««t?i£o. 

Flfst National Bank , Albert Lea . „ fio, 000, 00 

FirsI National Bank. A uatln ....... 50, 000. 00 

FInt Nailonal Bank, Bfnson fio.ooaoo 

Fifvl National Bank, Crookstan . „ . 60, 000 00 

Fit** NittoTiat Bank, Petrol t 60, OOa TO 

ManliAntV Niitionnl Bank. Detroit. 60, OOO. OO 

Otf National Biiiik, Dinuth....... 50.000.00 

CltfiiOTi' ^:iiiioord Biiiik. Faribault 60.000.00 

58716— Fi 1908 17 



Toehecradll 

oltbfl 
Tpeasurar of 
UiR United 

States. 




National Ciilti^ns' Bank. Mankato, 
Soourity National Bank, MiOBa^ 

apolLs,.„ , . . 

Flrat National Bonk, HofULQold . . 
Korthflafd National Bank, Nortb- 

fteld 

First National Bank. Owatonna. ^ . 
National Fartnars' Bank, Owatonna. 
Capital National Bank St. PanL,. 
Mcrrtiants' National Bank,8t Paul. 
First National Bank; Spring Valley, 

Firat National Bank. Stillwotcr 

First National Bank. Wabasha 

Flm National Bank, Wells. 

First National Bank. Winona 

aecond National Bank. Winona.... 

MittUtippi. 

First National Bank. Aliefdeen 

First National Bank. OrwnPlUe. . , 
First National B an k. G n I fport , . . , . 
First National Bank: of Commereft, 

HattE^fiivtir^ „ 

Capita) National Bank, Jackson.,,. 
Flrjl National Bank, Lnmberton. . 

First Nationiil Bank. Meridian 

Citiicns' National Baitk, (Ipridlan.. 
National Bank of PopIarvJIlo, Pop- 

vmv 

Flrat National Bank. YaEoo Cl^-.* 

Central National Bank, Carthags, ., 
Clti^ns' National Ban k. Chmicotlia. 
Clinton National Bank^ Clinton,.., 
Hannibal NationaJ Bank. Hannlljal. 
Joplin National Bank, Joplln ...,,, 
New England National BafUc. Kan- 

BHaCity., 

CltlMns^Natlonal Bank, KirksvlUfl. 
National Bank orKlrkSYiLlclOrks- 

ville 

Fliat National Bank. Lamar , 

First National Bank, Noosho ..... 
Bumos National Bank, Bt, Joseph,. 
I Tootle*LeiuoD National Bank, St. 



Tottu^oTDdli 

of the 

Treasurer of 

tha t7nlti>d 

BUtw. 



Joseph 

City National Bank, St. I.rfjiil3 ! 

Th(nl National Bank, Sedalla . ' 

Citlicns' Naiiontil Bank, Se<lallm...l 
National Exehango Bank, Spring- 
field ,...,. „] 

Union National Bank, Sprlngfldd ..| 
Trenton National Bank, Trenton , , 

First National Bank, Vef^allles [ 

People** National Bank, Warrons- I 

biiTK 

First National Bank, Wollston ! 



Jr/offUsna. 

First National Bank, Mitea City... 
First National Bank, Mtasoiila, . 



Nebnuka. 

First National Bi^nk, Alliance. . . 
National Bank of Ashland, Ashlaod J 
First National Bank. A nbum ......! 

First National Bank, Beatrice ..... 

Blair National Bank, Blaif . , 

First National Bank. Crete : 

First National Bank, Fairburv : 



t5o,ooaoo 

fiO,ooaoo 
£o,ooaoo 

50,000.00 
50,000.00 
50,000.00 
200,000.00 
5^,000.00 
50,000.00 
50,000,00 
50,000.00 
50.000.00 
50,000.00 

ao,Goo,oo 



60,000.00 
50,000,00 
50,000.00 

100, 000. EK) 
50,000.00 
50,000.00 
50,000,00 
50,000.00 

50.000.00 
50,000.00 



50,000.00 
50,000.00 
50,000,00 

so.ooaoo 

50,000,00 

60*000100 
60,000.00 

60,000.00 
60,000.00 
60pO00L00 
60,000.00 

15,000,00 

60,000.00 
£0,000.00 
60, 000. 00 

£o,ooaoo 

60,000,00 
60,000.00 
60,000.00 

50,000,00 
47,000.00 



ao,ooo,oo 

50,000,00 



60,000.00 
50,000.00 
50,000.00 
50,000.00 
60,000.00 
60.000.00 
50.000.00 



258 



REPORT ON THE FINANCES. 



No. 51. — National Banks Designated as Depositaries of Public MoNETSy 
WITH THE Balance Held by Each September 30; 1908 — Continued. 

SPECIAL depositaries— Continued. 



Title of bank. 



JV«6ro«Jta— Continued. 

Farmers' and Merchants' National 
Bank, Fremont , 

Fremont National Bank, Fremont. 

First National Bank, Hastings 

Exchange National Bank. Hastings. 

Dawson County National Bank, 
Lexington 

City National Bank, Lincoln , 

National Bank of Commerce, Lin- 
coln , 

Nebraska City National Bank, Ne- 
braska City 

First National Bank, Nelson 

Nebraska National Bank, Norfolk. 

Norfolk National Bank, Norfolk.... 

First National Bank, North Platte, 

Bouth Omaha National Bank, 
South Omaha 

Union Stock Yards National Bank, 
South Omaha 

Citizens' National Bank, Tecumseh 

First National Bank, Weeping 
Water 

First National Bank, York 

City National Bank, York 

Farmers' National Bank, York... 

Nevada. 



First National Bank, Elko 

Nevada First National Bank, Tono- 
pah 



iVifio Hampshire. 



Berlin National Bank, Berlin 

Claremont National Bank, Clare- 
mont 

People's National Bank, Claremont. 

National State Capital Bank, Con- 
cord 

Merchants' National Bank, Dover. 

First National Bank, Hillsboro 
Bridge 

Cheshire National Bank, Keene 

Keene National Bank, Keene 

First National Bank, Manchester... 

Second National Bank, Manchester. 

Amoskeag National Bank, Man- 
chester 

Merchants' National Bank, Man- 
chester , 

Souhegan National Bank, Milford..., 

Second National Bank. Nashua 

First National Bank, Somcrsworth. 

Somersworth National Bank, 
Somersworth 



New Jersey. 

Atlantic Highlands National Bank, 
Atlantic Highlands 

First National Bank, Cranbury 

National State Rank. Eli£al>eth.... 

Second National Bunk, iloboken.. 

Farmers' National Bank oi Now 
Jersey, Mount Holly 

First National Bank, Princeton 

First National Bank. Rockaway 

First National Bank Sea Bright.... 

Swe<lesboro National Bank. Swedes- 
lioro 

Vineland National Bank, Vineland. 

First National Bank. Wiliiamstown 



To the credit 

of the 
Treasurer of 
the United 

States. 



$50,000.00 
40,000.00 
50,000.00 
50,500.00 

50,000.00 
50,000.00 

50,000.00 

50,000.00 
25,000.00 
50,000.00 
50,000.00 
50,000.00 

25,000.00 

50,000.00 
15,000.00 

50,000.00 
60,000.00 
50,000.00 
50,000.00 



50,000.00 
50,000.00 

50,000.00 

50,000.00 
50,000.00 

50,000.00 
15,000.00 

50,000.00 
50,000.00 
50,000.00 
50,030.00 
15,000.00 

50,000.00 

50,000.00 
50,000.00 
50,000.00 
25,000.00 

50,000.00 



45,000.00 
60,000.00 
60,000.00 
15,000.00 

60, 000. 00 
60.000.00 
60,000.00 
15,000.00 

60,000.00 
50,000.00 
50,000.00 



Title of bank. 



New Mexico. 



First National Bank, Raton 

American National Bank, Silver 
City 



New York. 

Citizens' National Bank, Adams 

First National Bank, Addison 

New York State National Bank, 
Albany 

First National Bank, Batavia 

First National Bank, Brooklyn 

Central National Bank, Buffalo 

Columbia National Bank, Buffalo... 

Manufacturers' and Traders' Na- 
tional Bank, Buffalo 

First NaUonal Bank, CoblesUU 

National Bank of Cohoes, Cohoes.. 

First National Bank, Coming 

Lake Shore National Bank, Dun- 
kirk 

Merchants' National Bank, Don- 
kirk 

Merchants' National Bank, Elmira. 

First National Bank, Qlens Falls.... 

National Bank of Olens Falls, Olens 
Falls 

Farmers' National Bank, Gran- 
ville 

Herkimer National Bank, Herkimer. 

People's National Bank, Hoosiok 
Falls 

First National Bank, Homell 

Ilion National Bank, Ilion 

First National Bank, Jamaica 

National Herkimer County Bank, 
Little Falls 

Black River National Bank, Low- 
ville 

People's National Bank, Malone 

First National Bank, Mount Vernon. 

First National Bank, Newark 

National City Bank, New Rochelle. 

First National Bank, New York 

Fourth National Bank, New York. . 

Fifth National Bank, New York.... 

Bank of New York National Bank- 
ing Association, New York 

Chase National Bank, New York 

Chatham National Bank, New 
York 

Coal and Iron National Bank, New 
York 

Consolidated National Bank, New 
York 

Gallatin National Bank. New York. 

Garfield National Bank, New York. 

Iniporters' and Traders' National 
I Bank, New York 

Irving National Exchange Bank, 
j New York 

Lincoln National Bank, New York. 

I Market and Fulton Nattonal Bank, 

New York 

Mechanics' National Bank, New 

York 

! Moroantiie National Bank, New 
York 

Merchants' National Bank, New 
York 

Merchants' Exchange National 
Bank. New York 

National Copper Bank. New York.. 

National Park Bank, New York 



To the credit 

of the 

Treasurer of 

the United 

States. 



$50,000.00 
50,000.00 



50,000.00 
60,000.00 

50^000.00 
50,000.00 
100,000.00 
50,000.00 
64,000.00 

50,000.00 
50,000.00 
50,000.00 
50,000.00 

5^000.00 

75,000.00 
40,000.00 
5^000.00 

50^000.00 

50,000.00 
50,000.00 

50,000.00 
5^000.00 
50,000.60 
50,000.00 

50^000.00 

50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
900,400.00 
164,000.00 
50,000.00 

121,500.00 
520,000.00 

50,000.00 

135,000.00 

110,000.00 
101,000.00 
100,000.00 

162,000.00 

135,000.00 
125,000.00 

5o^ooaoo 

36o,ooaoo 

i3o,ooaoo 

222,ooaoo 

i43,ooaoo 
i5o,ooaoo 
325,ooaoo 



TREASUREB. 



259 



No* 51. — National Banks Designated as Depositaries of Pubuc Moneys, 
WITH THE Balance Held by Each September 30, 1908 — Continued. 

SPECIAL DEPOSITARIES-Contlnued. 



Title of bulk. 



New i'orJt— Continued. 

Pheolx NaiJODol Bnak* New York.n 

Sbermiu] NuHooaJ Bankj Sew YDirk. 

State Notluu^ Bimk, North Ton^ 
wanda, ^. .............. .... 

Chenaneo>([iiJonBJ Biitikt NorAich,, 

NatlortiU li£Uik orXarwlch, Norwich. 

Nyat^k NatlonuL Hank. NyiKk. — , . 

ExcYiaiigo NatlonjiJ Bank, Clean 

WUber National Bank. OnwaUi 

Oasiiitng Natiotijil Bank, Oiisinlnu.. 

Peek^ kill N aUo nal Ban k , Peeks kill . . 

CltiL{;ns' Nfltlotial Bank, Potsdam.. 

National liajik of Commericer Roch- 
ester. .,,_,.,__......_.. 

Citb^ixs' National Baok* Soiatoga 
Sprtiip ,,,......,-.„. 

Comii^^^lal Hational Bonkr Bjr^ 
cuse . . , . 

Iferrljanti' National Bank^ Syracuse. 

Ftrst N at local Bank , Thxinderoga . . . 

First Xailonol Bank Tonawaada. . . 

National City Hank, Troy ....,,..., 

Union NalloTiol Bnnkt Troy.»„,„. 

Oneida N at lonal Hank. VtlvA 

UticaCUy Natloiml Bonk, l'U<.'a,.. 

First Natk>Dal Bank^ WaFerlr 

FIrel Natlontil fiimk, CharMte. ... 
Charlo 1 1 ^ Nat lonal Hank , Cborlotte . . 
If er i M l:u| Fannera' Nm tonal 

Bi- ■ ' "l<."Lte 

Cltlj M - j.ffjul Ijotik. Durham,.* 
FII81 SM LoikU Bank. Ellml3<?th €ltv. 
Fourtli National Bank, FuyettevUle 
National Hank oJ KayflUevUle. Faj* 

eti<?%ille .„„.,„ 

Commefc^ NaUonal Bank. Uleh 

Point.. 

Pint National Bank, Maflon. * ..*. 

Ural .\atlonal Bank, Bbelby 

FInt National Bank, Wadwboro..^ 
Flnt National Bank. Weldon....... 

Ifun^hison NatlotMl Bank. Hil- 

min^ton 

Southtim Natlooai Bank, Wflming^ 

ton. ....,,. ...................... 

Flnt Nbtlooal Bank. \V llaon . . , . , . 



North Bvhola. 

Fint Naaonal Bank* Bottlnoau 

Jiercbants' Natlanal Dank, Farf^>. . . 

Fint Xatlonal Bank. Akron 

SeooTid NaLkJOal Bante. .^knjn..... 

National Cltv Bank, A k Hon ....... . 

Fint Nailonul Bank. BartuMvlllc. . 
National: liunk of Bamesvlllt. 

BarrjKJvilk ., 

Fam^ii^rs and M(?ix?hiuitii' National 

B^mk r BfllEilrp. ............ . 

BriflpeiMiTt .National Bank, Bridt^e- 

pori. 

Fanm'Ts" National Bank, Brytin. .. 
Cenrnd Natkinal Bank, rami iridf^. 
Finl Niitlorml Bank, t^anal LNJver. . 

First National Bank. Canton. . . 

Second NflUontil Bank, rindnnatl, . 
OerrnLin NaiionoJ Bank, ClncInuatL 
MefT-lianUi' National Bank, Clticln- 

naU 



To the predie 

oJ tlic 
Treasurer of 
tbe Unl1«d 

States. 



Sli6,00t)i00 
50,ODaOO 

£0,GOD.(ID 

50,ooaoo 

50.000.00 

^.ooaoo 
Ao.ooa 00 
go^ooaoo 

£0,€OQiW 

«a,ooa€0 
50,eoaoo 

5O,€0aCl0 

50.ooaoo 
6o,ooaoo 

50.000.00 
5O,0D0l00 
60,000,00 
50,000l00 

3S,ooaoo 

£0,0(XLOO 



£0,000.00 
50,000.00 
'^ 000. 00 

50,000100 

^Doaoo 

5O,00QLfX) 
50,000.00 

60,ooaoo 

50,000.00 

*o,ooaoo 
fio,ooaoo 

50.030.00 
50,000.00 

00,000,00 

50,ooaoo 
Ao,ooaoo 



Z't.Doaoo 
so^ooaoo 



50,000. on 
&o.omi.cio 
50.ooarw 

50,000.00 
50,ODaOO 
.■50,000.00 
50,0110.00 

fto.nrio.oo 

50,000.00 
fiO.iKlfiOO 
50.0fM>.00 
.Vl.OOOJJO 
50,000.00 

m, W)0. m 



Tltloofbank. 



OAiD— ContlnuAd. 

Second NatlonalBank^ClrDle^lfl... t2&.OOa0O 

Con tral N atlonal B on k , ileveiand. . . 50, OOOL 00 

Natlottal Comjfiisrclal Bank, Cleve- 
land 60,000,00 

Unioii NaUoaal Bank, Ciavetend. . . . 50. 000. 00 

City National Bank. Coiunj bus . 50, OOa 00 

Cotntnenclal National Bonkj Colum- 
bus ' 50,000.00 

New Flist National Bank, Coium* i 

bus, .-, 50,ooaoo 

Commec^lal National Bank, Co^iioc* 

ton 5o,ooaoo 

Coahocton National Bank, CoghtOC'^ 

ton............ 50,000,00 

Flnt National Bank, DeOam^e. ..... 50, 000. 00 

Delaw ar« N stlonal Bank , Delaware . 50, OOa 00 
CillEens' ^Jatlonal Bank, East 

UFerpool. fiO,00aoO 

Potters '^National Bank, East LiTcr- 

pool. w.ooaoo 

Eaton .Matbnal Bank, Eaton .,**... 50, OOa 00 
Frehle County National Bank, 

Eaton... .,, 50,000.00 

.\mcr1ran Nat tonal Bank, Flndlay. . 50,000.00 

B ucke vo N allonal B an k , Fi nd by . , . 50, OOQl OO 

Fli^t National Bank, Ironton. ...... 50,000^00 

Sei?ond National Ban k . Ironton , . . . . 50, 000. 00 

Kenton National Bank , Kenton .... 50, OOd 00 

First National itank , .Marietta 50, OOtX 00 

Haiio n Nat ional B auk , Alarlon ..... 50, 000. 00 
Citii«as* Nattooal Bonk McConneia- 

vOlo , 50,000,00 

Klcdlna County Nation&l Bank, Me- 
dina. ................... e ........ . 60,000, 00 

First National Bank, Napolooii, . . „ fi0,00a€0 
Cltltcns' National Bank, New Lejc- 

Ingfton 50,000.00 

cmtons' National Bank, New Phlla^ 

delphla... -. 50,000,00 

Fiwt National Bunk, Niks ., . 50,00a 00 

Kirat National Bank. Norwood...... 50,0<W.OO 

CBk^ ns ' Nal ional B an k, Plqua 60, OOO. 00 

Flqaa National Bank. Pinna 60,000. 00 

Quaker City National Baak, Quaker 

cuy,...r K),ooaoo 

Sfcond National Bank. Eavi^nna.... 50,000.00 

First Narional liant, i?t. Clalravlllo.* 50, 000. 00 

Farmpm' N at Itinal Ban k. Salcia ..... 50, 000, 00 
First NatioEial Exctiango Bank, £$id- 

ney.,,.. 50,000.00 

First N ational B an k , Sprlngflpld .... ' SO, 000. 00 
Mail Rtv(?r National Bank, Spring- l 

field...... .................I £0,000.00 

National Eachango Baeik, Steul^cn- i 

vlUc, - 60,000,00 

C^jmmorrlal National Bank, Tillln. . . 50, 000. 00 

Tidln NftUonol Bank. TIlTtn 50,000. 00 

Northern N at lonal Bank, Tdfdo. ... SO, 000. 00 
W^ali^rn Keservo National Bank, 

Warrcn 50,000.00 

Prople's .National Bank. WcUsvlHe.. 60,000,00 

First Nfli lonal Bank, Wilmington. .. 50, 000. 00 

First Natloniil Bank, Woo^lsfifld... . 50,000,00 

t'ltiions^ National Bank. Woostor, , . SO, 000, 00 

First Nailortal Bank. V*onng3lown. . 50,00000 
Commorcloi National Bank, Voungs- 

town. 50|000.00 

Mahoning National Bank, Youngs- 
tow lu. - 50,000.00 

First National Bank. ZanesvIIIp, .... 50,000. 00 
Ol-l nrltrna' National Bank, Zanrt- \ 

vllle ' 30,000.00 



Toiherredll 

orthfi 

Treasurer of 

ih& Ualind 

StAtes. 



260 



REPORT ON THE FINANCES. 



No. 51. — National Banks Designated as Depositaries of Public Moneys, 
WITH THE Balance Held by Each September 30, 1908 — Continued. 



SPECIAL DEPOSITARIES— Continued. 



Title of bank. 



Oklahoma. 



First National Bank, Chickasha 

First National Bank,. El Reno 

First National Bank, Enid 

Enid National Bank, Enid 

City National Bank, Lawton 

First National Bank, Mangum 

American National Bank, McAlester. 
American National Bank, Oklahoma 

City 

Security National Bank, Oklahoma 

City 

Arkansas Valley National Bank, 

Pawnee 

State National Bank, Shawnee 

First National Bank, Tulsa 

First National Bank, Vinita 



OreQon. 



First National Bank, Ashland 

Astoria National Bank. Astoria 

First National Bank, Baker City.. . . 

Citizens' National Bank. Baker City. 

Benton County National Bank, Cor- 
vallis 

First National Bank, Eueeno 

First National Bank, Medford 

First National Bank. Pendleton 

Commercial National Bank, Pendle- 
ton 

Capital National Bank, Salem 



To the credit 

of the 
Treasurer of 
the United 



Pennsylvania. 

German National Bank, Allegheny.. 
Second National Bank, AUentown... 
Ashland National Bank, Ashland.. 

Athens National Bank, Athens 

Berwick National Bank, Berwick.. 
First National Bank, Blairsvillo.... 
Miners' National Bank, Blossburg... 
Braddock National Bank, Braddock. 

First National Bank, Bradford 

Jefferson County National Bank, 

Brookville 

Second National Bank, Brownsville. 

First National Bank, Canton , 

Merchants' National Bank, Carlisle. 
National Bank of Catasauqua, Cata- 

sauqua 

Valley National Bank, Chambers- | 

bufR ; 

Delaware County National Bank, i 

Chester I 

ClearllPld National Bank, Clearfleld. 
County National Bank, Clearfleld... 
Farmers and Traders' National 

Bank, Clearneld 

First National Bank.Clifton Heights. 
National Bank of Chester Valley, 

Coatesvllle 

National Bank of Coatcsvillc, Coates- 

vllle 

Tradesmen's National Bank, Con- i 

shohocken 

First National Bank, Coudorsport... 

First National Bank, Donora 

People's National Bank, East Brady. 

First National Bank. El>ensburg i 

Eliza) lethtown National Bank, Elis- 
abeth town 



150,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 

50,000 CO 

50,000.00 

50,000.00 
100,000.00 
50,000.00 
50,000.00 



50,000.00 
50,000.00 
50,000.00 
50,000.00 

50,000.00 
50,000.00 
60,000.00 
50,000.00 

25,000.00 
50,000.00 



60,ooaoo 
50,ooaoo 

60,000.00 
25,000.00 
60,000.00 
60,000.00 
50,000.00 
60,000.00 
50,000.00 

50,000.00 
50,000.00 
50,000.00 
60,000.00 

60,000.00 

60,000.00 

60,000.00 
60,000.00 
60,000.00 

60,000.00 
60,000.00 

20,000.00 

60,000.00 

50,000.00 
60,000.00 
60,000.00 
60,000.00 
50,000.00 

60,000.00 



Title of bank. 



Pennsylvania— CGDilaaed. 



Emaus National Bank. Emaus 

First National Bank, £mlenton 

First National Bank, Emporium 

Second National Bank, Erie .* . . 

First National Bank, Franklin 

First National Bank, Galeton 

National Bank of Girard, Girard 

First National Bank, Greensburg. . . 

First National Bank, Greenville 

First National Bank, Hanover 

Harrisburg National Bank, Harris- 
bure 

First National Bank, Hollidaysburg. 

First National Bank. Huntingdon. . . 

Union National Bank, Huntingdon.. 

National Bank of Jersey Shore, Jer- 
sey Shore 

First National Bank, Johnstown 

Citizens' National Bank, Johnstown. 

First National Bank, Kane 

Farmers' National Bank, Kittaiming 

Northern National Bank, Lancaster. 

First National Bank, Lansford 

Citizens' Bank, Lansford 

Lebanon National Bank, Lebanon... 

People's National Bank, Lebanon. . . 

Farmers' National Bank, LitiU... 

Union National Bank, Mahanov. . 

National Bankof Malvern, Malvern. 

Keystone National Bank, Manheim 

Grange National Bank, Mansfleld... 

First National Bank, Marietta 

Mauch Chunk National Bank, 
Mauch Chunk 

First National Bank, BicKeesport. . . 

National Bank of McKeesport, Mo- 
Keesport 

Union National Bank. McKeesport. . 

First National Bank, McKees Rocks. 

Citizens' National Bank, Meyersdale. 

First National Bank, Montrose 

First National Bank, Mount Carmel. 

First National Bank, Mount Joy.. 

First National Bank, Nanticoke 

Nanticoke National Bank,Nantiooke. 

First National Bank, New Castle 

Citizens' National Bank, New Castle. 

First National Bank, Oakdale 

National Bank of Oxford. Oxford. 

First National Bank, Perkasie 

Thlnl National Bank. Philadelphia. 

Eighth National Bank. Philadelphia. 

Bank of North America, Philadel- 
phia 

Central National Bank, Philadel- ' 
phla 

Fourth Street National Bank, Phila- 
delphia 

Franklin National Bank, Philadel- . 
phla 

G frard National Bank. Philadelphia . 

Market Street National Bank, Phila- 
delphia 

National Bank of Germantown, I 
Philadelphia ' 

Northwestern National Bank, Phil** j 
delph la ■ 

Philadelphia NaUonal Bask, Phila- 
delphia 

Southwork National Bank, Phila- 
delphia 



Tothecredit 

of the 

Treasurer of 

the United 

States. 



150,000.00 

50,ooaoo 
50,ooaoo 
50,ooaoo 
fio,ooaoo 
50,ooaoo 
50,ooaoo 
fio,ooaoo 
fio,ooaoo 
i6,ooaoo 

fio,ooaoo 

50,000.00 
50,000.00 
50,000.00 

5o,ooaoo 

35,000.00 

fio,ooaoo 
5o,ooaoo 
5o,ooaoo 
5o,ooaoo 

15,000.00 

5o,ooaoo 
5o,ooaoo 
i5,ooaoo 
5o,ooaoo 
5o,ooaoo 
50,ooaoo 

50,000.00 
50,000.00 
50,000.00 

50,000.00 
50,000.00 

5o,ooaoo 

50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 

5o,ooaoo 

50,000.00 
50,000.00 

50,ooaoo 

50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
5O,OO0lOO 

100,000.00 

50,000.00 

128,000.00 

122,000.00 
115,000.00 

60,000.00 

50,000.00 

50,ooaoo 
100,00a 00 
75,ooaoo 



TREASURER. 



261 



Wo. 51. — National Banks Designated as Depositaries of Public Moneys, 
WITH THE Balance Held by Each September 30, 1908 — Continued. 

special depositaries— Ck)ntlnued. 



Title of bank. 



Fennaylvania— Continued. 

Tradesmen's National Bank, Phllft- 
delphia 

Union National Bank, Philadelphia. 

Fint National Bank, Pittsburg 

Fourth National Bank, Pittsburg... 

Bank of Pittsburg, Nat'l Ass'n, Pitts- 
burg 

Cosmopolitan National Bank, Pitts- 
burg 

FwZoal National Bank, Pittsburg. . . 

German National Bank, Pittsburg. . . 

Kmtone National Bank, Pittsburg. 

IfetropoUtan National Bank, Pitts- 
burg 

People's National Bank, Pittsburg. . 

Union National Bank. Pittsburg 

Washington National Bank, Pitts- 
burg 

First National Bank, Pittston 

National Bank of Pottstown, Potts- 
town 

Merchants' National Bank, Quaker- 
town 

Beading National Bank, Reading. . . 

First National Bank, Riroersburg. . . 

National Bank of Sayre,Sayre 

People'sNational Bank, Scran ton . . . 

Tradeis' National Bank, Scranton . . . 

SeUersville National Bank, Seliers- 
vlUe 

Market Street NaUonal Bank, Sha- 
mokin 

National Bankof Slatington, Slating- 
ton 

First National Bankof Spring Grove, 
Spring Forge 

SiroodsDurg National Bank, 
Rtioodsbmc 

First Ntttional Bank, Sunbury 

FtrstNationalBank, Tamaqua 

OransB National Bank, Tioga 

FintNational Bank, 1^7 

Firrt National Bank, Tyrone 

Fanners and Merchants' National 
Bank, Tyrone 

Wanen National Bank, Warren 

Citiisns' National Bank, Washing- 
ton 

Cltiisns' National Bank, Waynes- 

FtatSfattoiuUB wk, 'W^ 
FIrrt National Bank, West Chester. . 
Second National Bank, WIlkes-Barre 
Wyoming National Bank, Wilkes- 

West Brand! Nati<mal' Bank,' W^^ 

Uamsport 

Wtndber National Bank, Windber. . 

Western National Bank, York 

York County National Bank, York. . 
York National Bank, York 

Rhode Island. 

Atlantic National Bank, Provi- 
dence 

Mechanics' National Basic, Provi- 
dence 

National Bxdiange Bank, Provi- 
dence 

United National Bank, Providenoe. . 



To the credit 

of the 
Treasurer of 
the United 

States. 



1103,000.00 
45,000.00 
50,000.00 
50,000.00 

540,000.00 

100,000.00 
100,000.00 
300,000.00 
341,000.00 

50,000.00 
50,000.00 
50,000.00 

50,000.00 
50,000.00 

50,000.00 

50,000.00 
50,000.00 
50,000.00 
50,000.00 
102,000.00 
50,000.00 

50,000.00 

50,000.00 

50,000.00 

50,000.00 

40.000.00 
15 000.00 
50,000.00 
25,000.00 
50,000.00 
50,000.00 

50.000.00 
50,000.00 

50,000.00 

50,000.00 
50,000.00 
50,000.00 
50,000.00 

45,000.00 

50,000.00 
50,000.00 
50,000.00 
50,000.00 
35,000.00 



50,000.00 

50,000.00 

20,000.00 
50,000.00 




South OaroUna. 

People's National Bank, Charleston. 

City National Bank, Greenville 

National Bank of Oreenville, Qreen- 
vlUe ?.. 

National Loan and Exchange Bank, 
Qreenwood 

Central National Bank, Spartan- 
burg 

South Dakota. 

First National Bank, Madison 

Yankton National Bank, Yankton. . 

Tennessee. 

Hamilton NaUonal Bank, Chatta- 
nooga 

Clarksville National Bank, Clarks- 
vllle 

First National Bank, Dyersburg 

First National Bank, Jackson 

City National Bank, Johnson City. . 

City National Bank, Knoxville... 

State National Bank, Memphis... 

Texas. 

Commercial National Bank, Abilene. 

Fanners and Merchants' National 
Bank, Abilene 

AmariUo National Bank, AmariUo. . 

First National Bank, Beaumont 

American National Bank. Beaumont. 

Oulf National Bank, Beaumont 

First National Bank, Big Springs... 

Merchants' National Bank, Browns- 
ville 

First National Bank, Bryan* 

City National Bank, Bryan 

Commonwealth National Bank. 
Dallas .TT!! 

State National Bank, Denison 

City National Bank. El Paso 

American National Bank, Fort 
Worth 

State National Bank. Fort Worth.. 

Commercial National Bank, Oreen- 
vUle 

Oreenville National Exchange Bank, 
Oreenville 

Commercial National Bank,Houston. 

Merchants' NationalBank, Houston. 

National City Bank, Houston 

Laredo National Bank, Laredo 

First National Bank, Marshall 

Marshall National Bank. Manhall... 

First National Bank, Mount Pleasant. 

First National Bank, Navasota 

First National Bank, Paris 

American National Bank, Paris 

City National Bank, Paris 

First National Bank, San Angelo.... 

City National Bank, San Antonio... 

Frost National Bank, San Antonio. . 

Lockwood National Bank, San An- 
tonio 

City National Bank, Sulphur Springs. 

Texarkana National Bank, Texar- 
kana 

Cltiiens' National Bank, Tyler 

Jester National Bank, Tyler 

First National Bank, Victoria 

First National Bank, Wichita Falls. 



To the credit 

of the 

Treasurer of 

the United 

States. 



150,000.00 
15,000.00 

15,000.00 

50,000.00 

50,000.00 

15,000.00 
50,000.00 

80,000.00 

50,000.00 
50,000.00 
50,000.00 
15,000.00 
50,000.00 
50,000.00 

50,000.00 

46,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 

50,000.00 
50,000.00 
50,000.00 

50,000.00 
50,000.00 
50,000.00 

50,000.00 
50,000.00 

50,000.00 

50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
50,000.00 
50.000.00 
50,000.00 
50,000.00 
50,000.00 
15,000.00 
50.000.00 

15,000.00 
50,000.00 

50,000.00 
50,000.00 
50.000.00 
50,000.00 
50,000.00 



262 



REPORT ON THE FINANCES. 



Ko. 51. — National Banks Designated as Depositaries op Public Moneys, 
WITH the Balance Held by Each September 30, 1908 — Continued. 

SPECIAL DEPOSITARIES— Continued. 



T[UAonjimk, 



■KiiKtffia] Bank of Baire, noiTQ 

^ )im% Hut i ^ 11^ liaiik , ElmiMtibDra. 
NulJonoJ Bank, BiuttL^- 

LyndotiviUe NaCIoonl Baiik« Lyn* 

donriUa.. . ....... ^. ....... . , . . . 

MontpollCf Niitionni BaiLk, Uoutpe- 

Her................................ 

Killing Lou Nfltlontil Bank, RiHlaod. 
FirBt National Bank, St. Johnsbtiry. 
NaTlnnaJ Bank of NewbtJiyj Wolls 

Eivor...., 

Katlonat ti&nk^rf White lliTer hu\a- 

tlcsn, Whiln Itivfir Jurtr'tlon 

Woodstock KaliouiiJ Bank, Wood- 

fliock. 



Alfixiindr1& Nattonal Bank, Ahucanr 

dria , 

Citizens'^ National Bark. Alexandria^ 
Dominion Nailoiml Bank, Bristol... 
Culpeper National Bank, Ciiliseper. . 

First Nat(otiHl Bank, Fjimivilk'* 

fiierchantd' National Ili^nkf liamp- 

ton. *...,,....,..... 

First National Bank, tlarrisouburg,, 
Hockitighajt) Natlotml Baidr^ narrE- 

50Dburg« ...,,.....,.._...,._.„. 
Loudoun National Bank^ Leesbnrg.. 
Focrplo's National Bank, Le^burg, . 
Amiiilean National Bank^ L^^nch- 

burg 

Katlona] ExcbangB Bank, Lyuch- 

boTf 

People's National Bank. Uana^gaa . . 
Uanon NatJonid Bank, Harioei.,,... 
First Nationnl Bank, Martina vtlle... 

First National Bank, Norton.., 

Farmers and Mpirehanta' National 

Bank, Onley , . . , , ,.,,,„ 

First National Bank, Pearisbnrx**.. 
National Bank of Pel«wbtjrg, PtetBra- 

bure...... 

Puirt^llvlBe Notional Bank, Piii- 

cellvilie ......,......._.... 

FifStNalional Bank, Richmond 

National 8tate Bank. Richmond. .. . . 
Flantora" National Bank, Elf^lunc^nd. 
First National Bank. Roanoki^. . _ „ 
NatioiLal Exchanpv Bank, Roanokf, 
Boston National Bank. Soutb Bo^ 

ton 

A njnista National llankt Staunton. . 
National Valli^y ttank. Stannton. . . . 
Staunton National Bankn Btannlon. J 
Tatfwnll Nfttlonal Bank, TawwfllL. 
Fannf-rs ami Morotuuits' National 

Bank, W tnch(^t«r , 

Sheniiniloah Valley National Bonk, 

Wlnclubsttc. ..........*-.....*.. . 



To Ojb credit ; 

of tbe 
Troiifltareror ! 
tba United | 



TiUflofbuik. 



BelUnnham National Bank, BeUlnfr- 

ham.. ., ,.,.... 

PlfSt N at ional B ank* E venjtt. ...... 

Ajncriran Nntiona) Bank. Evimtt. , 
Yakimsi Nrtlitiribil Bsuik, North Y»l- 

Ima , 

Capital NutioiiaJ Hatikt Olyittpla , , , 
Trtdwi' NatioiwU Bank, Spokane. , 



CO, 000. w 

1^,000. no 
50, out). 00 
50.000. OQ 
50,000.00 
aO. 000.00 
50,000.00 
511,000.00 



50^000.00 
J50,QOO.OC} 
42,000.00 
50,000.00 
50,000.00 

50,000.00 
L%000.00 

50,000.00 
60,000.00 
50,000.00 

50,000.00 

03,000.00 
50,000.00 
15,000.00 
50,000,00 
50,000.00 

50,000.00 
60,000.00 

50,000,00 
50,000.011 
W,0OD. 00 
M, 000.^10 
W, 000, 00 
6O,0On.O»t 
50,000.00 

50,000.00 
50,000,00 
24,000.00 
50,000.00 
60,000.00 

50,000.00 

US. 000. 00 



50.000, 0(J I 

50,000.00 1 

I, 



WtH Virginia, 

Amc^rican National Bank. BlueAWd. 
Flat Top National Bank, Bliipfield. . 
Cbarieston National Bank, Cliaj^les- 

ton .....,...,.„,,...„ 

Morchants' National Bank or Wtft 

ViriEinia, Clarkabuiv 

First National Bank, Fairmont ..,.,, 
Ifimtlnt'ton National Bank, Huat- 

inifton. ,_ 

Firat National Bur^k. N-.-w Cmnl'^r' 

land 

First National Bank. New Martina- 

viUe, 

First National Bank, Nortlifork 

Parkcrsburg National Bank, Fark- 

eisbur]^. ..._,.,. _ 

FlntNattooal Bank, Piedmont.,,., 

FIrat Na^onal BiMik. Si^twsrlUfl 

Farmers and ProdUMra* National 

Bank, SlstprsTllle , 

Welliburg NatlonaS Bank. Wi?lls- 

burg , „.. 

Wiscoruin. 

¥it&t National Bank. Antigo ....... 

Cltlzenj' National Bonk, Apnl^ton.. 
Liunbunncn's National BanM, Chip- 
pewa Palls ..,,.. , 

National Bank of Ui» r<pre, Pe V«i^. . 

First Nat ion 1^1 Bonk. Dodtreville 

Eau Claire National Bonk, £ai] 

Claire, ..,,.,.,.........,.....„.. . 

Union Natiomi) Bank. Eau Clalfe 

Fond du Lac National Bank, Fond 

du Laci . , 

CUlfieti^' National BaTik, Orwn B07. 
Rock County National Bank, Janed- 

vBle,.... 

National Bank of Manitowoc. Mani- 

to vac 

First National Bank, Meaoittonie 

National Bank of M ml 11, MeniJl 

Oefmania National Bank, Mllwau^^ 

kee 

Uadne National Bank. MBwaukM.. 
Mnft^iiik^-** National Bank of Wb- 

Milvrutikrc 

'■ itional Bank. Oconto.. . . . 
... I nloii Bank. Osibkoish . . . . . 

I ;r i \ iiinnal Bank. Racine.. 

f .r r Nji ujiuil Btink. iJtewns Point. 
1 iriL Motional Bonk of the City of 

Superior. Sap^rior 

National Ocrmun*AnLefican Bank; 

Wausau 



To the credit 

of the 

Treasurer of 

tlie United 

States. 



Wpoming, 

Timt Natlonjil Bank, Cody 

Sbc^hon4^ National Bank, Cody 

First Natit>n:il Bunk, l^irainle. . 

First National Bank, Hock Sprltuta . , 
Utxk SptingA National Bank. Rock 

Springs .,,,,.,. . . , . . 

Sheridan National Bank. Stacrldan. . 



$5o,ooaoo 

50,000.00 

50,000.00 

50.000.00 
50,000.00 

5o,ooaoo 

50, 00a 00 

5o,ooaoo 

50,000.00 

50, 00a 00 
50, 00a 00 
50, 00a 00 

5o,ooaoo 

50, 00a 00 



5o,ooaoo 

50, 00a 00 

50, 00a 00 
50, 00a 00 
50,000.00 

50,000.00 
50, 00a 00 

50, 00a 00 
50, 00a 00 

50, 00a 00 

5o,ooaoo 

50, 00a 00 

5o,ooaoo 

50, 00a 00 
86, 00a 00 

50, 00a 00 
15, 00a 00 
50, 00a 00 

5o,ooaoo 

15, 00a 00 
86, 00a 00 

5o,ooaoo 



50, 00a 00 

5o,ooaoo 

50, 00a 00 
50, 00a 00 

50, 00a 00 
50.000.00 



50.000.00 
50.000.00 
50.000.00 



Total 56,845. loa 00 

RECAPITULATION. 

Ref^lar depositaries ' 73,027,063.81 

Special deposiUries 56,845,10a00 

Total 130.772,182.81 



TREASURER. 



263 



Mo. 53. — Number of National Banks with Semiannual Duty Paid, by Fiscal 
Years, and Number op Depositaries with Bonds as Security at Close op 
EACH Fiscal Year. 



Fiscal year. 


Number 
of bonks* 


BciDds held 

to secure clr- 

ciiiatlan. 


Sftnlftunual 
doty coHocted. 


Hmnber 
of depos- 
Itarfea. 


Boodi held 
depoelts. 


Total bonds 


Ifl05 


3,767 
3,737 
3,615 
3,634 
3,509 
3,823 
4,1S7 
4,553 
5,014 
5,409 
5,782 
0,138 
6,538 
0,827 


1207, 680,800 
228,915,950 
230,471,550 
:£20, 301,400 
229,6SS,110 
^4,378,040 
326, 119,230 
317,038,630 
375,068,770 
410,016,090 
468. 066, 9« 
530,606,210 
5Sa, 364,660 
638,173,180 


11,704,007.69 
l,a5lH676.03 
2,020,703.65 
3,901,817.71 
1,991,745.31 
1,881,023.73 
1,599,^1.08 
1,633,309.15 
1,708,8111.02 
1,^.827.49 
2,163,882.05 
3,500,997,80 
3,806,070.54 
3, 090V 811. 73 


ISO 
100 
168 
173 
357 
443 
448 

713 
843 
837 
927 
1,256 
1,436 


115,278.000 
16,928,000 
16,930,600 
30,851,500 
78,664,540 
107,2.^,580 
105,705,450 
134,718,fV50 
152,852,020 
112,902.550 
80,404,950 
95,575,736 
103,244,O,'i2 
180,439,419 


1222,9^^,800 


1800 ...*.. , ...,*..,,►• 


245,843,950 


18117 


247,403,050 


1896... - - 


251,052,900 


)8M. ,.. 


308, 252, 660 


1900,. . ............**.. 


391,031,030 


1901 _..._.. 


431,884,^80 
441.757.190 


1903,. .... ...... , . 


1903-.., ,,„„ 


527, 930, 790 


1904* 


528,919,240 
548, 471,800 


1006....... 


1906. 


616,180,935 
751, 60S, 712 


If07 ,.......,,. 


19C6, ,. 


808,631,549 





No. 53. — Average Amount op National-Bank Notes in Circulation and 
Amount op Duty Paid thereon por the Fiscal year Ended June 30, 1908, 
BY National Banks in each State and Territory. 



Stite or TeirCt(^. 


Averages 
amount of 
D0te9 In circu- 
lation. 


DutF patd 

on clncnlft- 

tion. 


St«t« or fmritorj. 


Average 
amoiinl of 
notes In circu- 
lation. 


Duty paid 
on ciirieula- 

liOQ. 


UthuB 


15,802,106.00 
4,788,990.00 
4.521,773.00 

30,086,989.00 
3,933,938.00 

12,248,082.00 


•31,489,36 
24,006.03 
23,5OL05 

164,427.17 
19,671.42 
62,574.30 


Ohio., .............. 


f39,341,93S00 | 1314,167.94 


Kffw Kftnipffhlr^i . . t . . 


Indiana. ..,......,,, ^ 


181587] 46a 66 1 ' ot|655.S9 


Vtnuuit .... 


llllnola 


33,0rj5.391.00 16.'i,9)7.72 


U^m^hhirKtT 


1 Michigan 


84114,436^00 ' 40.S924a 


Bliode lilind. ........ 


WiBconito 

Uinnesota. 


11,379,79a 00 

11, 700, 07.'). 00 
14, 061, 02a 00 
23,401,029,00 


58, 168. 18 

59.502,60 




iQWIk 

MIssowl 

Total, Middle 
BXOMS .... 

North Dakota 

gouth Dalcota........ 

' Nebraska.... 


70,643.76 
118,65a 16 


Tolal, Ner 
E tt f t ftn d 
Stttea * 


61,362,674.00 


326,670.03 


168,037,143,00 


823,696,73 


KeirYaffk.- *.., 

flow JolMy. .,*,.,,... 


90,703,868.00 
12,350,012.00 
80,345,845,00 

1,400, OKI. 00 
13,355,306.00 

4,863,682.00 


497,054.00 
64,405.32 

419,840.96 

7,251.00' 

67,429,88 

25,279.93 


2,149,547.00 

1,931,935,00 
8,228,184.00 
9,033,140.00 
7,141,838.00 
1,859,044.00 
1,135, 707, TO 
6,506,72100 
1,404,119,00 


10,775. 14 


FanuTiTBQtft . * . . . 

T>tih.wufi *...* 


9,60Sl71 
42, 19L 38 
45,6:f7.80 




1 Otiaboma,.....,,.,.. 






35,791. 16 


District of Columblfl. . 


^Montiwia.. 


9,^3.67 




301,916,306.00 


1,081,264.08 


Wvomlng ., 


6,936.116 


Total* Eaatem 


roWttdo 


33^177.37 


States.***..** 


NewMejclco..... 


7,0^13 


Virginia **..**..**.., 


9,136,154,00 

6,717,351.00 
4,613,393.00 
2,701,197,00 
6,554,049.00 
2, 75§, 130.00 
6,178,997.00 
2,403,130.00 
6,102,9.^.00 

32,449,105,00 
1,502,60(3.00 

13,878,140,00 

7,74i,fi67.00 

05,000,00 


40,393.06 

33,aao.^ 

23,703.54 
13,787.07 
33,647.11 
13,807.12 
31,26^.60 
12,016.66 
32,774.47 
114,711.97 
8,045,22 
71,073.10 
38,024.57 
325.00 


Total WMtem 
States.,,..... 

Washington 


39,440,322.00 




WeitVi^nia..,,..., 


190,474,71 


South CEifoilna.,,,,.^ 


3,917.215.00 

2,558,096 00 

24.511,424 00 

1,061,057 00 

1 915,079.00 

1,157,42100 

fla4,S26L0O 

57,853.00 

3f^,i^ nn 


20,086,61 


Ott}rila., . » 


OifleoD 


12. £$93. 58 


Flifflda 


raitforala 


m 241. 67 


AlAbUDA 


Idaho 


5.331. 12 


ICinlMtppI 


uuh..,............A 


9 62.1 10 


l<<HiU|1aiin.. 


Nevada 


7,179.10 


Tens... 


Arizona .,,.... 


3 122,65 


Arlmmii. ...^. 


, Alaslta. 

' Hawaii........ 


389.27 


KjsataiBkj ..*._-^ 


1. 411.41 


Twiiiwiiw 


Total, Padlle 
atHtos 

Total. Unit<^ 
fitatos 




FortoRIco 


36.064.956.00 






183 I8a 57 


T<jtai, Southern 
State* 


92,882,365.00 


477,335.60 


590,333,555.00 


3,060,81172 



264 



REPORT ON THE FINANCES. 



No. 54. — ^Receipts and Disbursements of Public Moneys thbough National 
Bank Depositaries, by Fiscal Years from 1895. 



Fiscal y^r. 


Receipts. 


Funda trwis- 
rerred tabflnks. 


Funds trans- 

feitfd to Treasory 

by biuLk«. 


Warrant* paid by 


Babaoe. 


1895 

lago -„.. 


1169, 440. «5t 46 
181,705,917.74 
149,306.649.29 
207,173.119.61 
2^3,276,222,20 
303,903,655.66 
313,373,160.38 
281,234,091.57 
244,947,528.71 
251,970.8^.51 
261,255.327.39 
267,418.788.43 
. 313,824.771.09 
2a3,8<».490.3l 


t4l,89C,SS£.20 
4a»867,86l.23 
50. K@, 755, DO 
82,971,223.(6 
226,173,117.13 
H56.289,607.85 
125.443,007.56 
157,041,571.84 
2G1.S97,4M.60 
176, 184f. 611.^6 
134.fiS4.l37.86 
233,200,148.62 
349,196,379.80 
297,371,662.90 


flS7,£02,£11.3g 
205,405,259,58 
179.269.503.12 
245,636,845^31 
448.437.283.16 
425,2t;0,383.24i 
413.S53,457.60 
388,229,463.27 
388,539,946.66 
414,301,17Svn ! 
3e8.S89,7MLg2l 
427,142,930,07! 
516.805,991.82! 
544,58J*,lGatt6 


t23,15S,0n.lG 
22, 871, 65a n 
19.350,217.54 
22,830,954.62 
24.5e0,4S»L04 
22,e06,S35,» 
24,141,398.97 
26.347,319,10 
35. 445, 56a Oe 
49, 400, 670, n 
56,906,851.68 
57,548,415,23 
60,142.26116 
e5,763,«>7.2S 


nt,19i,367.lS 

ii,6ao,23&,ao 


1897 

wm „... 

JS90. >......... 


12,376,919149 
34,058, 463. 1» 
70,510,068133 
1K2,fi30ul33^10 


IfflOO 


1901.,,..-..... 


93,657,444.47 
tl7.356,325tfil 


1902 


1903... 


140,2I5,7TO.« 
104, 674,3091 8S 


1904 


1B05... 


65, 018,227. €8 

SO, 045, 819. 43 


1900 


1907.,. 


167, 018, 713. 34 


1908 


147.906,796.17 







No. 55.— Seven-Thirty Notes Issued, Redeemed, and Outstanding June 30, 

1908. 



Issue. 



July 17, 1861 $140,094,750 $140,085,350 



August 15, 1864. 
June 15, 1865.... 
July 15, 1865.... 



Total. 



Total issued. 



Redeemed to 
June 30, 1907. 



299,992,500 299,947,000 



331, 000, 000 ! 
199,000,000 I 



330,969.700 
198,954,750 



970,067,250 I 969,956,800 



Redeemed «,_,_, 



I $140,065,350 
299,947,000 
330,969,700 
198,954,750 



969,956,800 



Ootstazidlxis. 



$9,400 
45,500 

ao,aoo 

45,250 



130,450 



No. 56.— Coupons from United States Bonds and Interest Notes Paid during 
THE Fiscal Year 1908, Classified by Loans. 



Title of loan. 


Number 1 

of 1 Amount, 
coupons, j 


TiUeofloan. 


Number 

of 
coupons. 


AFMwniti 


Texan indemnity stock. . . 
Five-twenties ol June,1864. 


19 

1 

4 

12 

10 

326 

115,046 


1 

$475.00 

30 00 

48.00 

18.00 

125.00 

3,455.00 

357,136.50 


Loan of 1925 


102,331 
845,656 

526 
3 


$879,708.00 
791,060.20 

682.50 


Loan of 1906-1918 


Consols ol 1865 


Consols of 1930 


Consols of 1867 


Panama Canal loan 

7.30 notes of 1864-65 

Total 


Funded loan of 1881 

LoAn of 1004 


6.47 


Funded loan of 1907 


504,718 


3, 158, 481.07 







TBEASUBEB. 



266 



No. 57. — Checks Issued for Interest on Registered Bonds during the Fiscal 

Year 1908. 



Title of loan. 



Number. 



Amount. 



Loan of 1925 , 

Loan of 1908-1918 

Consols of 1930 

Panvna Canal loan 

Spanish indemnity certificates 

PhlUpplne loan of 1914-1934 

Philippine loan of 1915-1935 public improvement bonds . . . 
Philippine loan of 1915-1935 Manila sower and water bonds 
Philippine loan of 1916-1936 public improvement bonds — 
Philippine loan of 1917-1937 Manila sewer and water bonds 
District of Columbia 3.65 per cent bonds 

Total 



15,966 

65,017 

40,174 

2,250 

113 

1,647 

483 

192 

88 

78 

478 



126,486 



13,849,029.50 

1,151,334.30 

12,804,655.25 

845,621.30 

28,500.00 

28o,ooaoo 

100,000.00 
40,000.00 
40,000.00 
80,000.00 

376,789.50 



19,595,829.85 



No. 58. — Interest on 3.65 per cent Bonds of the District op Columbia Paid 
during the Fiscal Year 1908. 



Where paid. 


Coupons. 


Checks. 


Total 


Tffwmry United States, Washington 


13,599.81 110,548.50 
15,541.70 1 365,255.60 


114,148.31 
380,797.20 


Sabtzeasorv United States. New^York 




Total 


19,141.51 


375,804.00 


394,945.51 





Mo. 59. — Refunding Certificates, Act of February 26, 1879, Issued, Redeemed, 

AND Outstanding. 



How payable. 


Issued. 


Redeemed 
during 
year. 


Total 

reUredto 

June30,1908. 


Outstand- 
ing. 


Toofder 


S58,500 
39,954,250 


120 
4,330 


$58,450 
39,936,030 


150 


To bearer 


18,220 




Total 


40,012,750 


4,350 


39,994,480 


18,270 





266 



REPORT ON THE FINANCES. 



Ko. 60. — Public Debt Junb 30, 1907, and June 30, 1908, and Changes durino 

THE Year. 



Title of loan. 



I Rate 

IterStJ June 30, 1907. 



year. 



INTEBEST-BEABINO DEBT. | 

I Perct. 

Funded loan of 1907 a 4 

Refunding certificates b I 4 

Loanofl925 : 4 

Loan of 1908-1918 ! 3 

Consols of 1930 i 2 

Panama Canal loan ^ 2 

Certificates of indebtedness 3 



Total. 



DEBT ON WHICH INTEREST 
HAS CEASED. 



Old debt 

Loan of 1847 

Texan indemnity stock 

Loan of 1858 

5-20sofl862 

6-20sof June, 1864 

6-20sofl865 

10-408 of 1864 

Consols of 1865 

Consols of 1867 

Consols of 1868 

Loan of February, 1861 

Funded loan of 1881 

Funded loan of 1881, con- 
tinued 

Oregon war debt 

Loan of July and August, 1861. 

Loan of July and August, 1861, 
continued 

Loan of 1863 (1881's) 

Loan of 1863, continued 

Loan of July 12, 1882 

Funded loan of 1801 

Funded loan of 1891, oontinaed. 

Loan of 1904 

Funded loan of 1907 a 

Treasury notes of 1861 

7.30s of 1861 

One-year notes of 1863 

Two-year notes of 1863 

Compound-interest notes 

7.30s of 1864-66 

Certificates of Indebtedness 

Temporary loan 

8 per cent certificates 

Refunding certificates b 



Total. 



DEBT BEABINO NO INTEBX9T. 



Old demand notes 

United States notes 

National-bank notes, redemp- 
tion account 

Fractional currency 



Total. 



CEBTmCATES AND TBBASUBT 
NOTES. 



Gold certificates 

Silver certifiieates 

Treasury notes of 1890. 



Total 

Aggregate. 



Ato6 
6 
5 
5 
6 
6 
6 
5 
6 
6 
6 
6 
5 



6 
6 

f 

5 
4 

6 

5 
6 

4to6 
3 

4 



Retired dur- 
ingyear. 



Outstanding 
June 30, 19^ 



$36,126,150.00 

22,620.00 

118,489,900.00 i $118,480,900.00 

63,946,460.00 1 63,946,460.00 

646,250,150.00 1 1 646,250,150.00 

30,000,000.00 $24,631,980.00 54,631,980.00 

15,436,500.00! $1,250,000.00' 14,186,500.00 



804,834,280.00 



161,635.26 

950.00 

20,000.00 

2,000.00 

108,250.00 

16,000.00 

19,850.00 

18,950.00 

73,000.00 

96,200.00 

10,850.00 

5,000.00 

27,750.00 

50.00 
2,250.00 
16,060.00 

1,600.00 

3,100.00 

100.00 

2oaoo 

26,600.00 
32,000.00 
06,800.00 



2,300.00 

9,400.00 

30,430.00 

26,860.00 

160,760.00 

121,060.00 

3,000.00 

2,860.00 

6,000.00 



1,066,816.26 



63,282.60 
346,681,016.00 

47,668,804.60 
6,863,994.28 



401,257,097.28 



678,244,869.00 

476,777,000.00 

5,988,000.00 



1,160,009,869.00 



2, 467, 188, 06L 54 



40.068,480.00 1,250,000.00 



1,000.00 



100.00 
13,000.00 



50.00 

'i66.'66 



2,100.00 



24,200.00 
1,060,600.00 



30.00 
'46.06 



4,350.00 



33,105,670.00 



123,610,000.00 
64,335,636.60 



123,610,000.00 

39,635,166.60 
1,180.00 



187,946,636.50 I 163,146,336.50 



378,360,000.00 236,821,000.00 
302,366,000.00 303,783,000.00 
1,006,000.00 



897,603,990.00 



161,635.26 

960.00 

20,00a 00 

2,000.00 

108,250.00 

14,000.00 

19,860.00 

18,860.00 

60,000.00 

06,20a00 

10,800.00 

6,000.00 

27,660.00 

60.00 
3,260.00 
15,060.00 

1,600.00 
3,100.00 

loaoo 

200.00 

24,60a00 

32,000.00 

'72,600.00 

3,066,650.00 

2,300.00 

0,400.00 

30,400.00 

26,860.00 

160,710.00 

121,060.00 

3,000.00 

2,860.00 

6,000.00 

18,270.00 



4,130,016.26 



63,282.60 
346,681,016.00 

72,450,284.60 
6,862,814.28 



426,056,307.28 



819,783,860.00 

474,350,000.00 

4,082,000.00 



680,716,000.00 | 641,610,000.00 ;i, 200, 115, 860. 00 



008,730,116.60 730,111,006.50 :2, 626, 806, 271. 54 



o The funded loan of 1007 matured July 2, 1007, when there was outstanding $36,126,160. The amounts 
retlied during the year and outstanding June 30, 1006, are shown under ''Debt on which interest has 
ceased." 

k Refunding certificates ceased to bear interest on July 1, 1007. The amounts retired during the year 
and outstand[mg June 30, 1008» are sliown under " Debt on which interest has ceased." 



TREASURER. 267 

Wo. 61.— United States Bonds Retired, from May, 1869, to June 30, 1908. 



TtUa of looti. 



of Intitsr- 
eat. 



101184(7,., „.„ 

BouQtf -load scrip- , . . . 

I^Omof February, JBfil. 

Oregcm w«f dabt..., 

Ldaa of July and Aufust, IS6U. « ..... 
S^Oftof 1SC2.„., , 

Louiofisea.... , 

IS^Oflor Harcti, XSa4 

S^KliOf June, ia&4„... 

fl^Oftonsea. .,, ,_.. 

CoQuiaoftses 

Goonls of 1867 ,„„.,.„. 

Goouiiof laes....... .., 

Tex«n itidenmit y vtock. , . , „ . — .... 

LMnoflBOO 

IjtMiionSSS. „..,..,... 

UHOaoflSOI. 

VimdHl kanoflSSl., 

Fundt^d loan oneai 

Fundtxl loiui of lfl07. ..,.„„., 

Lofto of JuJy mid AugU3t> 1S61, tsaor 

tiamd.... 

Loanof l»fi3,coQlLniwd 

Funded looz) of ISSL continued...... 

Lonnof JuJy 12, 1882..,,...., 

Loan of 1908-1913 

Fund«! ban uf JS9U contintied...... 

Bonds i^iiwl to PaclBfi mllrwidiT 

Central rflcific, 

Union Patifle .,...,„,„, 

B ^ ftQM g FBt'iflC+> - ♦ 

OBDtnl Branob, Ucdoii PttoiOc'. I . 

WeptefQ Pacific 

Sfot]:^ aty and Fftciac , . . 

LoanonWM........ 

JUwjoflO'iS., 



To&ttl. 



Pert*. 


& 

et 

6 

6 
& 



e 

5 
5 
& 

5 
41 

P 

6 
t 
6 
fi 
A 

a 
I 



R«deemod. 



1,175 
7,798,000 

13,933,400 

43O»4l7,0O0 

4,fIS4,700 

2,3&I,2D0 

Oa,S6^90Q 

1.57,^97,4^ 

20fi, 284,300 

aiO,107.2GO 

37^477,850 

232,000 

7.023,000 

G.(m.DOO 

]gSr45a,0&0 

T2.Sa2,flQ0 

SK 045, ICO 

5Q,SC8<200 

127,596.600 
S7.^6,200 
100,155.260 
305,531.050 



25,380.200 

25,8SSJ20 
27.Z3fi,512 
6,303,000 
1,000,000 
1.970.560 
l,e2ft»330 
19,312,450 



Purcbnaed. 



Coavvrtod 

and 
exchacfsed. 



It0,m3.000 

25f«.S00 

48,776,700 

.17,15£.,S50 

l&,S54,3rjO 

l,ll«,80Cy 

4'), 4^, 750 

30,02a,3M) 

118. aw. 530 

r>2,S40.Qi50 

4,71*4,060 



S27, 091,000 



43,509.000 
143, 518,200 
236.575,400 



3,013.540 



8,543. fl50 
4^i25.500 



3.347.439,087 SS3,&25.M> 



380.500 
12,;218,f\% 
0^58i^,«» 
8,703,000 
d.54>B,6(Kl 

3561050 



13,957.000 
S.08»,50(} 



441.728,950 



13.2ai,6SD 
262,34»,600 



182. 440,900 



73, on. 300 



1.032,683,500 



TotaL 



147,900 

1,175 

18,410,000 

042,750 

' GL75W,lOO 

514,1)63.850 

24,53^.050 

3.882..'iO0 

ia%M7,300 

203.307,400 

332,9@8,050 

370.5^,800 

43.538.550 

232,000 

7,023,000 

19,008,000 

104,548,450 

110,461.a00 

224,563,300 

737,872,550 

137,695,600 
50.457,850 
401,504.850 
305,581,050 
135,363,440 
35,380,200 

35,885,130 

27,030.512 

6,303,000 

1,600,000 

1,&70.&60 

1,628.320 

99,927,100 

43,825.500 



4,262,998,527 



268 



REPORT ON THE FINANCES. 



No. 63. — ^BONDS AND OTHER SECURITIES RETIRED FOR THE SlNKINQ FUND DURING 

THE Fiscal Year 1908, and Total from May, 1869. 



Title of loan. 



War-bounty scrip 

Loan of 1860 

Loan of February, 18C1 

Oregon war debt 

Loan of July and August, 18C1. 

6-203 of 1862 

Loan of 1863 

10-40sofl864 

6-20S of March, 18G4 

5-20S of Juno, 1864 

5-20sof 1865 

Consols of 1866 

Consols of 1867 

Consols of 1868 

Funded loan of 1881 

Funded loan of 1891 

Funded loan of 1907 

Loan of 1904. 



Retired 

dculnp fiscal 

year. 



From May, 1860. 



Redeemed. 



tl75w0a 
10,O(K>,0a 
3,000.00 

7Sp46().D0 

%, 047,400.00 

23,100.00 

^1.600.00 



Loan of July and August, 1861, continued. 

Loan of 1863, continued 

Funded loan of 1881, continued 

Loan of July 12, 1882 

Loan of 190&-1918 

Funded loan of 1891, continued 

Loan of 1926 , 

Treasury notes issued prior to 1846 ■ 

Treasury notes of 1861 j 

Temporary loan oertiflcates, act 1862. ... J 

Certificates of indebtedness, act 1862 ,1 

Certificates of indebtedness of 1870 

One-year notes of 1863 

Two-year notes of 1863 

Compound-interest notes 

7.30s of 1861 

7.30s of 1864-65 

Fractional currency 

United States notes 

Old demand notes 

National-banknotes 

Refunding certificates 

Certificates of indebtedness 



<imoo 

2. 100. 00 
.,33,000,(00,00 
24,300.00 



n. 07^,100. 00 
iiee2t45o.oo 

@%450.€0 
70,7ftlOQ 

si.aao.oo 

25,0«fl,300,00 

C«J40.3.'^00 
lQ.3IS,4r/LD0 
6^,1333,000.00 
37,220,300 00 
43,710,300.00 
168,062,750 00 



"I '25,"3a6,2o6'66' 



Total 34,342,600.00 



90.00 



41X00 



1,180.00 



4,350.00 f 
1,250, OCXL DO 



11000 
200 00 
110.00 

i»ooaoo 

OTB^OOO.OO 

i.efiooo 

29.830.00 
1,450,00 

12,450.00 
26,253,068.65 
29,080,564.00 

41,665,057,00 
4,730.00 



Fiircbiised. 



SIO, 012,00a 00 
256, BOO. 00 
48,776,700.00 
24,029,150.00 
19,854,250.00 



361.600 00 
IS. 356,100.00 
16,866,150.09 
48,166, 1^.0a 
^,115,600100 

2, 313, sea 00 

43,&9»,000.00 

4li.274,S5aoa 

134,291,400100 

8,543,650.00 



2,396,80a00 
43;825;66aD6' 



1,350.00 
1,250,000.00 



6aa,i»eS,721fl5 601,7«>,S50.00 1, 13a 700,^4. e& 



TtvteL 



1175.00 

10,000.00 

lo^m&tOOO-o} 

25^360.00 
4S,S5&J50.OO 

54,076, &50. 00 
10,877,350.00 

ooi,«moo 

361,000.00 
29, 428. 3001 tlO 

iB,Si8,«aaeo 
48j33i.aQaa> 

33,102,300100 
2, S3&, ISO. OD 

6S,fiS.'i.300,00 
f7,tfi8.9O0 00 

J9S.44O.75a00 
27,856,100100 
56,633,000.00 
37,^0,300.00 
43,710, 30a 00 

16B,e^75ai!0 

2,39&,800.00 

25,380,200.00 

43,B25,5i)0iOO 

llOtOO 

aooioo 

110,00 

1,000,19 

078,0001 00 

5,305.00 

irosaoo 

2aiS30 00 

U4S0.00 

12,480.00 

m2sa.OOB.es 

20,QBQLfi6400 

S,IS6.00 

UiiOOy 067.00 

OkfflO.DO 

1,210. OQOt 00 



TREASURER. 



269 



Wo. 63. — PuBUC Debt, Exclusive of CEHTiPicATEa and Treasury Notes, at 
THE End op each iloNTii. from January, 1902. 



IfOUttl. 


ItJlfiiftJt 
bearing. 


United Statea 
rency. 


N»ttonB]^bmk 
notes, riMlc»iii>- 
tion iwfifiuiit. 


TotAl. 


jflO^JajiuflrT 


l9aQ,IW,33Q 


f1, 328,83a 26 's353,ti<»,35SL3S 


|36,fi01,02aoo 


11.330.733,544.64 


Febmuy 


9SlMl,ieO 


I,3l6,2ma0 363,600,175.38 


37,071.31100 


1,320,017,91^64 


MmcIi«,..«„ 


031, 070*7(10 


1, 314, 130. 26 asi. tiOO. 17A. 38 


30,504,625 50 


1.3Z5,588,63L14 


^:::::::::: 


S3UO70J50 


l,303,€8a30 


35% 600, 173. 13 


41,873,057.60 


1, 337,855, OfiOL SO 


031,070,340 


i,aai,88a36 


353,608,187.13 


41,830.305 00 


1,327,319,802.39 


Jtti» 


S3UO70.34O 


l,2aQv88a36 


353,608,187.13 


43,071.960.60 


l,m, 031, 35^80 


Jid7 „... 


&3l,O70,34O 
e3t.O70,34O 


i,270,8ia3e 


353.608.187.13 


iI,KS?.fi2flL50 
41,046,80160 


1,327,884.906.10 


AtieoAt 


l,257,4»a20 ] 353.006.187.13 


l,337,6S2,Fi!2L80 


8ei>t«mber..... 


031,070,340 


i,256,Baa2e 353.60^,187.13 


42, 733. £04. 50 


1, 338,660, 3*il. 89 


Octoljer, , 


m,-m,23a 


i,3a^8aaa6 » a53.607.i57.13 


44,606.092,60 


l,3[4,029,6O0,8O 


November* H*.. 


014,Mlp24O 


1,Z65,810l26 , 353,607,457.13 


43,268,362.50 


1,313,672,800 80 


[jceeinber...,. 


914,541,340 


1,265,710,30 353.G<>7,457.13 


43,160.053160 


1,311, 674. OOfll 80 


Ii03-ianuttfy,.„,.. 


914, Ml, 330 


l,230,Bia2e 


353,607,457.13 


42,008,820.00 


1.3t3,388,63&30 


FetmuiT 


9HMl,4!2D 


l,230;5iaa6 


353,007.457.13 


43,136,e8L60 


1,312,510,368.80 


lurch......... 


ei4,&4UGr7o 


1.230,100 20 


353,605,551 L3 


43, 147,883 50 


1,313,535,007.80 


^::;;:::::: 


0H,54U^9O 


1,330. 05a tw 


353,009.554.13 


43,883,611.00 


1,312,261.606^30 


914,611,360 


1,214,900.26 


353, «W, 554. 13 


41,494,110.00 


1,310,856,03(139 


Jvm 


914,541,410 


1,305,000 26 


353,600,104.13 


40.053,308.60 


1,300,405,913180 


July-....,-.... 


914,541,400 


1,205,070.26 


353,000,104.13 


38,962,178.60 


1,308,314,75180 


Anemt.......* 


914,Ml>400 


1,304,(^0130 


353.600,104.13 


38,033,40150 


1,^,375,007.89 


Beptembor..^. 


913,539,440 


1,197,050.26 


353,606,104.13 


30,827.13550 


1,307. 160. 72iL 80 


October 


W5.277.0TO 


1,190,030.26 


353.606,104.13 


38,060,80fiL50 


1,290,090,903.80 


Novvmbtf. . — 


90Zp911,»0 


1,195,720 26 


353.600,104.13 


37,202. n5 00 


1,^95,000,830.^ 


DeoeQilMf..,.* 


901,747,330 


1,190, 5aa:M 


353,606,451.13 


38,076.574.00 


1,293,595,77530 


ttM^inoMT 


«00, 470,060 


1,100,690136 


353,e05,45L 13 


38,534,600.50 


1,303,807,637.80 


Vebnurr * 


805,150,700 


3,101,690 26 


353, 60S, 45a 13 


30,l7O,;j0ft00 


1,201, 103, I3Ilt 30 


Ifvoh 


SO&,15«,740 


2,670.510.26 


353.lS05,45ai3 


38,680.306.00 


1,390.133,00530 


Ajatt 


»5, 1^7, 440 


2,347. 4Sa 36 


353,004,71513 


38,665.611.50 


1,280,773.246180 


lo^ ...„ 


aOS, 1,17,430 


3, 100. 05a 26 


353,fl04.7ia38 


37,717,056.00 


1,388,580.140104 




HO, 157,440 


1,970.030^26 


353.604,113138 
363.604,113.38 


36,526,54160 
34,230,208.50 


1, 386,260, Oia 14 
1,384.802,09114 
1,386,308, 74iL 14 


Jtikf 


a»|lfi7,M0 


1,881,130126 


Aueoit ..* 


SOfi,lV.fl.lO 


t,841.37a30 


353.60««1I13S 


34.765,732.50 


Boptdmbcr 


a>5j57,530 


i,6e3,22aa6 


363.604,113.38 


^.373,135.50 


I,383,7^.00ai4 


October 


S05rl57,770 


1.627, 70a 36 


353,604,lLa38 


32,750,86500 


1,283,140,440164 


N^fTombcf..... 


896,157,470 


l,405.4Oa2O 


353,603,338.38 


32. ^9, 377. 00 


1,383,585,67564 


Deoeiaber 


BOS, U7, 470 


1,447,260.36 


353,603,328.38 


31,033, 95L 50 


l,^,142,0iai4 


IKB— January....... 


S95,ld7,JS10 


t,43lH47a3a 


353.603,318.38 


30.363.106.50 


1,380,555, 4 [5 14 


Hibrauy...... 


e05J57,a3Q 


i,4i7.3aa20 


353,003, 33& 38 


30,077, SlfiL 50 


1,280,255,997.14 




095,157,530 


1,406,150 20 


353,602.70558 


30,379,435 00 


1,280,440, IBO. 84 
1,281,530,62184 
1,281,487,505.31 
1,382,357,00184 
1,^1,014, 73L 84 
1,^,121,0391 34 


Avfl 


105,156,070 
BSS,1SS,940 


1,401,045,30 
l,377,]66u26 


353.603,765 68 
36^,601,247.58 


31,374,742.00 
31,340,862.50 
33,227,1(^00 
31.^,860^00 
^,1O5,20a50 


luT 


JnfMi 


695,158,340 
W5,15S,730 


1,370,245.20 


3^13.601,407. 58 
363,601,407.58 


vjnl— 


1,254, 73526 


Atifuit. 


e05,15S.700 


1,356,535.36 


353,601,407.58 


fi«I»tamb«r 


aiG,I5g,fi80 


1,256,40Gl26 


3.'»3, 601,407. 58 


33,385,2001 €0 


1,^,401,701.84 


Ootobtf....... 


805,158,940 


1,231,075 36 


353,601,007.58 


34,470.39050 


1,384.461,413 34 


NorombfT,..,. 


£05,159,120 


1,208,0KkM 


353,601,007.58 


36,005,440.00 


1,285,063.67184 


Dtioomber.,,., 


€05,150,140 


1,109,635,36 


353,601,007.58 


34,690,309.00 


1,384, 650, OOL 81 


UOO^^umaiy ,,.,.. . 


£05, 159, ISO 


1,17D, 82^20 


353,001,007.58 


36,478,06500 


1,^,400,67^84 


February 


895,150,170 


1,156,705 30 


35^.601.007.58 


40, 332, 75a 50 


1,200.230,041.34 


Much.. 


895,150il70 


1,130,425.20 


353.000.367.58 


41,583,008.00 
41,040, 9% €0 


1.291, 482. 76a 84 
1,291,530. 47L 84 


April 


805,150,160 


1,130,145.36 


353.600,257.58 


May 


£05,150,150 


1,135,045,20 


353.600,257.68 
353.600,055,78 


42,445.616.00 
42,035.630.00 


1,292,340,068.84 
1,202, 532, OrrCL 04 


link 


895,150.140 


1,128,135 20 


Jnly.,_. 


805,159,090 


1, 120,585, 30 


353,600,05578 


43, 035. on. 50 
44.105,967,30 


1,393,820,742.54 
1,321, 055. 2&& 24 


August 


023,m,3gO 


1,126.375 20 


353,600,635.78 


Bepwnaber.*,,. 
Oobbei* ... 


026,1,^.200 


t, 136,375 30 


353.509.535 78 


46,574,178.00 


1,325,450, 289; Oi 


035,1,10,250 


1,123,205 20 


353.500,53.5^78 


45,590,183 50 


1,325.472.174.64 


Ncrvtmber* 


095,150,190 


1,118,075 30 


313, .500.535 78 


45.D22.01500 


1.^.790.716.04 


Dflcember. .... 


02:1,717,880 


l,llS,76St26 


353, .500,635, 78 


40.632,672.50 


1,334,008,85154 


UGf7— lanuftry. 


902,030,560 


1.00.5.745.36 


^IL COO, 515^78 


45, 434. 57 LOO 


1,323, 150,411 0« 


February 


02D,<»0.510 


1,065,695 26 


Q-'.t, rfuJ. -^7^ "^u 


'1'^ 1^^.527. 00 


1,320,700, 60& 04 


Much 


90R,2-tlfifiO 


1,00.5,365 36 




■707.00 


1,311,074.668.04 


April,,. 


BOi.:»6S,eao 


1,0*5, 13.'^ 26 




i.iiaoo 


1, 304,725, 05fiL 04 


MTy 


899.972.780 


1,086,925.26 


353,508,775 78 


47,753,708.00 


1,302,412,180.04 


June 


894,834.280 


1,086,815 26 


353,598,292.78 


47,658,80150 


1,297,178,192.54 


July 


858,68.'), 510 


13,563,135.26 


353,598,292.78 


47,428,40100 


1,273,275,34104 


August 


858. 68.'), 510 


9,623,105.26 


353,598,292.78 


46,445,882.00 


1,268, 352, 79a 04 


September 


858,68.5,510 


8, 272, .545 26 


353,598,292.78 


46,993,77100 


1,267,550,12104 


October 


8.58. 68.5, .510 


6,930,955 26 


353,597,847.78 


47,239,336.50 


1,266,453,64ft 54 


November 


869.603,010 


6.228,015 26 


353,597,847.78 


45,601,979.70 


1,275,030,85174 


December 


898,210,050 


5,580,385 26 


353,597,732L78 


46,162,65160 


1,303, 550, 82L 64 


IIXB— January 


898,753,990 


5,107,205 26 


353,597,732.78 


51,597,010 20 


1,309,055,93&24 


Februar}' 


898,753,990 


4,887,095 26 


353,597,732.78 


62,028,732.40 


1,319.267,550 44 


March 


897,503,990 


4,675,215 26 


353,597,132.78 


66,553,189.10 


1,322,329,527.14 


AprU 

May 


897,503,990 


4,500,695 26 


353.597, 112L 78 


71,162,425 00 


1,326.764,22104 


897,503,990 


4,291,305 26 


353,597,11Z78 


71,879,462.50 


1,327.271,870 54 


June 


897,503,990 


4,130,015 26 


353,507, IIZ 78 


72,459.28150 


1,327.690,40154 


July 


897,503,990 


3,943,745.26 


353,696,672.78 


57,393,588 00 


1,312.437,996.04 


Auinast 


897,503,990 


3,867,626.26 


353,696,67Z78 


48,808,4.'W.00 


1,303,776.726.04 


September 


897,253,990 


3,823,195 28 


353,696,672.78 


42,&12,%S.^ 


\,*1SS\ ,^Vi»,Tnaw^ 



270 



REPORT ON THE FINANCES. 



No. 6-1. — Lawful Money Deposited in the Treasury each Month of the Fiscal 
Year 1908 for the Redemption of National-Bank Notes. 



Month. 


Five per cent 
account. 


Insolvent 
account. 


Liquidating 
account. 


Reducing , ^ ^ 
account. i ivtol. 


1907— July 


119,696,456.29 
19,833,012.15 
14,005,727.78 
21,584,158.80 
17,803,165.70 
10,540,694.45 
17,512,348.86 
25,907,130.66 
24,913,809.69 
28,155,526.83 
27,294,147.40 
33,432,810.09 


114,200.00 
4,700.00 


$588,172.00 
875,585.00 
1,455,644.50 
1,126.005.00 
1,525,487.20 
1,485,855.40 
4,931,421.60 
3,367,757.20 
4,172,150.20 
2,924,304.90 
3,738,156.00 
3,932,300.00 


$2,180,660.00 ' 123,47i,47B.20 


August 


605,55a00 ' 31,406,S1T.15 


September 


1,026,250.00 16,487,022.^ 


October 


8,147.00 

5,707.50 

36,195.00 

355,5ft5.00 

38,900.00 

425.00 

96,850.00 

48,593.50 

11,410.00 


1,028,550.00 23^40, BaO.SO 


November 

December 


46,045.00 l»,3aa,405.40 

5,550.00 13,0e8,2M.S& 

3,893,239.50 3«,«03,fi74.g« 

10, 735, 750. 00 40, 049 , &37. 80 


1908— January 


FebnMury 


M^mh , 


4,977,818.00 34,0fi4.202.8& 


April 


6,526,290.00 3T.702,<>TL73 


May..:...:::..:..: 


3,481,850.00 34, &e2. 746.90 


J^inft 


2,515,295.00 39,891,el5.0Q 






Total 


260,678,988.70 


620,603.00 


30,122,839.00 


37,112,837.60 


328,535,358.30 





No. 65. — Disbursements from Redemption Accounts of National Banks bach 
Month of the Fiscal Year 1908. 



Month. 



IflOT— July.. 

August, __, 
Septmnber . 
October.,.. 
Novum ber. 
December,. 
190&— January. ». 
Fflbruary . . 

Maith 

April.,.,.. 
J^y....... 

June....... 

Total.,., 



For notes ro- 



Trandars 
and repay- 
ments. 



$21, 633, 072. &0 
21,305,744.50 
16,939.75^.50 \ 
24,923.942.50 ' 
16.010,344.(30 
S.423,S95.50 I 
24,L^,335.O0 | 
29,630,987.50 
30,254,744.(10 , 
31,867,905.00 | 
34,134,160.00 I 
4I,4S8.SS&,£0 ' 



$240, 
334, 
72, 
103, 
546. 
341, 
784. 

S?' 
691, 

687, 

1,360, 

2^. 



238. 0(» 
42S.7^ 
573.50 
59L36 
232,51 
44B.&4 
509.68 
177.35 
604.77 
201.96 
590.20 
»32.ei 



Ttotal dtotufse- 



$21,883, 

£1,640, 
17,012, 
25,027, 
i6,5&«, 
SJ«, 
24,912, 
30,260, 
30,940. 
32,555. 
35,491, 
41,771, 



210. SO 
170.29 
3291.00 
533.86 

sm&i 

344. M 
844. 6S 
164.85 
348.77 
196.96 
750.20 
518.11 



300,732,461.50 i 0,102,526.57 306,834,^68.07 

I 



tQ$,772, 
6S,&4iO, 
fiS.OlSn 
66,735, 
69,559, 
72,Se2, 
74,641, 
81.122, 
87,540, 
92,flS7, 
9t,75&, 



038,18 

996.92 

154.75 
105.26 
835.54 
206. 56 

003. or 

834.14 
131-11 



No, 66. — National-Bank Notes Received for Redemption from the Principal 
Cities and Other Places, each Month of the Fiscal Year 1908, in Thou- 
sands OF Dollars. 



M°°^- Vo^k. ^"'*^' dfiJphU.' mow. 


Cbkaeo. 


nati. 


Bt, 
Loulfl. 


New 
Oifcana. 




T^^teL 


1907-July 111,265 

August 1 9.29a 

September.! 6,817 
October.... 7,327 
November. 1,987 
December.. 4,202 

1908-January....: 2S,7M 
February.. 17^778 

March 2^.202 

April 26.347 

May 27,507 

June 38h723 


$2,124 

1,MI 

1,782 

1,614 

616 

2,638 
1.301 
1,^ 
1.530 
1,902 
2, .3^2 


$1,817 
1,635 
1^362 
1,477 
530 
1,011 
2,185 
1,559 
1,661 
2.306 
2.025 
2.870 


747 
523 
511 
360 
374 
773 
701 
724 
930 
M7 
P65 


$2,685 
2,779 
2.450 
2,352 
944 
963 
2,418 
2.3R5 
3,470 
0,653 
3:065 
3,390 


$738 
459 
646 
576 
291 
674 
801 
1.120 
703 
731 
711 
576 


$i,id9 

7SS 
1,465 
l,€e9 

m 

307 
KOTO 
1.37s 

a.roo 
i.wfl 

KSSS 
1.306 


$Qfll 

sg2 

477 
6TO 

248 
230 
264 
303 

7m 

063 
470 


$9,083 

km 
aioia 

4;797 


t2&.T4e 
33,38$ 
10,330 

19. 9M 
7.750 
11^737 

43,42ft 
2».«7 

m^m 
a,4«i 

4*,m 


Total lfl3,Ke 


20,075 


30,437 


7. Ml 


3t>.5l2 


SpOatf 


10. H7 


5,*9fl 


47,306 


349,fi3l 



TREASURER. 



271 



Wo, 6T. — National-Bank Notes Outstanding at the End op each Month, and 
Monthly Redemptions, from January, 1901. 



Manth. 



OutstaaidfBg. 



tions. 



Manth, 



Outataudin^. 



ReiJi?in|> 



April .. 

M»j ..... 
June...... 

Jaly. 

Aogoit 

Sfiplember 
October, . . 

Febniiiry-. 
Mwch . . . » . 
April...... 

my 

Junfi 

July 

AdgUiit.... 

NoT^Ttibnr. 

December^ 

1903— Jantiory... 

Febniary.. 
March,.... 

April... „, 
Mar...... 

Jmw . . — 

JiJjy 

August.,,, 
a«piBmbcr 
October.,. 
Nov<?Tnber< 
Ooccimber. 
laOi^-January.., 
F«bmttiy-. 
Itareb,.... 
April...... 

"Sy 

June....... 

July....... 

Aueustr.... 

September 
October... 
?foTenib*r. 
Dwfimber, 



349,055,255 
350,101,405 
390<7«4p257 
^1,532,590 
553,742.187 
35ft, 152,003 
3.S7,4l0,L<Wi 

359,»n,«S3 
359,720,711 
3rj0.2S9,72<) 
359,444,«il5 
35S,4M,8K7 
357,47(1,407 
356,9^,300 
356,747, ]$4 
35e, 572,091 
35S.g»l,lS4 

aat.ssz.dHi 

306»903,G9« 
380,47ti,334 
3S4<B54,514 
3§4,9aQ,7S4 
3fia,&73,54ti 
3§2,798.ft45 
382,510,2.^ 
^1,151. 7SS 
«e>443,205 
413,670,050 
4l7,34fi,4fi7 
418.587.975 
420,420,535 

4i»»eio»6a3 

4314W,V?9 
429,m,0lS 
4»,S57,a27 
430,324, 31<} 
434,9Q9,M2 
«17,0§0,573 
44S,088,fi65 
449|335,aia 
430,206,888 
45S, 516,773 
4.1fl, 07ft, 408 
457,2»1,500 
4e0.fi7B,075 
464,7^4, »i» 



119, 4S^, 754 
12,79», ISO 
12,358,650 
ll,3C6,a00 
I4h 1^,004 
0,415,238 
13,378,875 
14,33^,573 
8,792,245 
13, 334,084 
ll,087,00& 
13, 151,267 
30,853.764 
14,999,349 
14,610,890 
t5,450,Ei60 
17,243,753 
111,^10, SSI 
15,334,968 
13,213.682 
11,242,551 
12,483,^10 
13,eO0j790 
18,557.201 
24,334,960 
13,9lfl.434 
14,44e,3S3 
17,012,685 
20,576,357 
21,fl79,6ft0 
22,9153,412 
18,856,085 
16,^30,510 
17.488,9(70 
13,654,484 
22,0S0,483 
29,541,701 
21,006,250 
21,567,430 
23,783,646 

28.676,003 
27,138,361 

24,033, m 
18,187.050 
SCI, 200, too 
22,2»1,057 
27,1^^^,322 



1905— JauQary . ,..,,, 

Februaiy .. 

Maieh.,,, 

April 

May 

June ...... 

July „„ 

August 

Beptamber.,,, 

October....... 

Novembpr.^.^. 

December.,,.. 
lOflti— January....... 

Fcbrufiufy...... 

Haft^b »,„,,„. 

April... 

liay 

Judo 

July 

August 

Beptnuber. . . . 

Oetobnr.,,,... 

Noirfmb^r 

Beceniber.,.,. 
1907— Jauufkry 

February,,,,, » 

Mafcb 

Ajjril , 

MSy.„,,. 

June..,,.,,,,, 

Ju]y 

August.,,,,,,, 

Septambcr 

October 

November 

De^mtjeiT,.,,. 

1908— Janimry , . 

February,,* 

Haicb *...,„, 

45?':::::::::: 

June...... 

July.,,,,,,,,-. 

AUf^At. 

Septouiber,,.. 



S467,422,&53 
409,203,840 
475,948,945 
481,244,045 
488.337,516 
405,719,806 
503,971,395 
512,220,367 
516,352,240 
524,408,249 
533,329,258 
540.914,347 
5^,230,080 
550,803,895 
554,666,967 
556,646,283 
559,1^,660 
561,112,360 
561i4£t,0i5 
509,852,303 
573, 90S, 108 
583,171,985 
503,380,549 
596,162,469 
506,107,509 
596,343,0^ 
507,212,0^3 
^9,913,840 
601,940,550 
603,788,690 
603,305,886 
604,056,323 
6®,9e7,U4 
6Q9,Q«a,407 
666,218,106 
690,130,896 
096,402,762 
606,674,510 
696,407,356 
607,645,698 
0*18.449,517 
69e,aT3,ftl7 
692.088,091 
685,326,108 
675,612,327 



•35,687,232 
24,70^,431 
26,9454,598 
24,505.427 
27,265,778 
29,074,260 
25,624,807 
22,912,285 
19,073,6lU 
20,612,165 
21 .561,971 
24,KJ2,551 
36,7)0,059 
23,716,730 
27,021,045 
22,753,848 
27,590,918 
23,876,905 
21,766,334 
18,804,032 
14,538,106 
15,370,970 
15,483,851 
16,003.060 
31.730,378 
2O,26O,0g4 
18, 187,816 
21,522,280 
£2.278,235 
23,431,356 
25.748.794 
22,285,888 
19.329.739 
19.055,8153 
7,749,861 
11,736.620 
43.425,863 
29,627,W38 
38,049,474 
42.491,474 
43,212. ns 
45,121,039 
38,319,375 
29,442,7118 
24,776,186 



Wo. 68. — Redemptions and Deliveries op National-Bank Notes each Month 

OP the Fiscal Year 1908. 



MOQttl. 



1907-Jiily, 

Auiniat 

Sflpleinlier, 

Oeldbftr 

Novemher, 
DwN-mbBr-. 

1908— Jart wary 

Feti njary , . 

March. 

April.. 

wSy,,....., 
June... 



RedpmpUoos. 



Tff.iT. 



f- 



521, 
57Ti 
483; 
35,^. 
732, 
675, 
090, 
713, 
340, 
275 
.302, 
584, 



144.70 
3S8.63 
r»8il. 15 
574.05 
193.53 
716. 8S 
68L93 
527.80 
060.25 
4iy, 02 
315.05 
677.81 



34H..-|*>,280,70 



Dvliveiles on 

TedenipUoQa& 
counts* 



Deposited 
tuy. 



f21,08S,102L5o! 
21,274,044.50 I 
16,1^,005.50 I 
34.7014,512150 
16.132,974.00 
8.462.843.00 ' 
23,914.775,00 
29,021. 13L 50 
30,221,750.00 
31,304,157.60 
34,0&'i,565.00 
40,464.038.00 



836,72100 
23,260.00 
26,783.00 
20,112.00 
20,841,00 
32,220.00 
06,78100 
3.^078,00 
34,208.00 
50.34100 
47.030.00 
3(1,972,00 



On hand 

cbAT^Ht CO 5 

per ocnt u> 

count. 



8226, 



462, 

339, 

,100, 

511, 

1,114, 

1.147, 

1,711 

3,809, 

2,6;^ 



600,00 
300.00 
050,00 
480.00 
850,00 
902.50 
462.50 
,112,50 
297.50 
135,00 
.730.00 
,277.,^ 



29H. 178.914.00 ' 4i'i9,9fl.'?.nf> 



On hand un- 
uaorted. 



815,947,196.-^ 
16.194,580.71 
18, 710, f 122, 36 
14,013,141.91 
5,714,1.^.44 
8,^^1,742.82 
27,808,306.75 
2*J,ati5, 169, 05 
35,9K», 277.30 
45.273,3.W,32 
55,3S4,4«2.27 
59,443,602.58 



272 



REPORT ON THE FINANCES. 



No. 69. — ^Redeemed National-Bank Notes Delivered from the Trsasurt bach 
Month of the Fiscal Year 1908. 



Month. 


For return to 
banks of issue. 


For destruc- 
tion and 
reissue. 


For destruc- 
tion and 
retirement. 


TotaL 


BabuDoe. • 


ig07_july 


$3,466,850.00 
3.246,800.00 
2,613.600.00 
3,272.860.00 
1,613.400.00 
988,650.00 
6.166.000.00 
7,822,560.00 
7,240.200.00 
8,067,650.00 
8,685,460.00 

10,232.760.00 


116,487,487.50 
15,563,390.00 
12,417,507.60 
19.627,867.50 
11,914,932.60 
6,657,182.60 
15,616,605.00 
17,638,366.00 
18.698,477.50 
18,617,602.50 
19.983,935.00 
24,426,856.00 


12,733,765.00 
2,464,854.50 
1,933,898.00 
1,893,795.00 
2,704,641.50 
917,110.50 
3,144,270.00 
3,560,222.50 
4.283.081.50 
4,728,905.00 
5,366.180.00 
5,804,433.00 


821,688,103.50 
21,274,044.50 
16,865,006.50 
24,794,512.50 
16,132,974.00 
8,462,843.00 
23,914,775.00 
29,021,137.50 
30,221,789.00 
31,304,157.50 
34,035,566.00 
40,464,038.00 


$16,173,796.58 


August 


10,452,880.71 


Septdinber 


10,048,672.36 


October 


14,475,621.91 


November 


6,064,000.44 


December 


9,234,645.32 


X906 — January 


28,322,769.26 


February 


27!979'.48i.65 


March 

Anril 


37,063,574.80 
46,964,491.32 


May!:::::::::::::: 


57,194,212.27 


June 


62,277,880.06 


Total 






62,194,660.00 


196,449,107.50 


39,536,156.50 


296,178,914.00 







IVo. 70. — ^Assets and Liabilities of the Five Per Cent Redemption Fund of 
National Banks at the End of each Month of the Fiscal Year 19^. 



Honth. 



1907— July ,. 

AuRuat.. 

September*. *, 

October. 

November. . , . 

December 

liOe— Jantiary ...... 

Febniary 

March ..,..„. 

April......... 

s*ar 

June 



Aiset^. 



On deposit 

In 
Tfeasury, 



SG. 276,157 
5.935,40a 
2.347,32^ 
5.Z85J67 
18. 046.50(5 
17.795. 29& 



NaUonal- 
bank notea 
CD Imnd. 



SIC. 
Ifi 
19, 

% 

27 r 

a7, 

4I>. 
67. 
<t2» 



173,797 
452,881 
(M3,li72 
476. 022 

234,64') 
322,7fi0 
979,482 
063,575 
9^4,491 
IH^12 
277. S80 



E senses 
paid. 



233^ «S0 



Total. 



821,449, 954 
23,388,371 
21^390,938 
19,094, 439 
£4, im. 34e 
27,029,943 
2a,;l22.769 
!r7,979<482 
37«C63^fi75 
46*964,491 
S7. 194. 213 
aa,277,880 



To nAllaaal 



S21.188,ia& 
22.094,824 
21,022,225 
10,495,989 
23,957,176 
20,«99.t'9 
23.044, 82& 
23.396,076 



To 



«4, 733. 849 
4,53S,4U 



SC».98e,87i 14, see. 163 

tl,m.4\'2 :23,7U,«!0O 

l9,i;Tt>,4T] :i5, 474,725 

17^410. S47 41 MYi.OSa 



On other 
aoocnitits. 



1^61,329 

203.547 

308.773 

4fi8,450 

377.Cfi^l 

330,491 

544, OK 

1,144,906 

1J76.538 

U743,2T9 

1,843,016 

2,«68,«61 



No. 71. — National-Bank Notes Received for Redemption from the Princi- 
pal Cities and other Places, by Fiscal Years, from 1895, in Thousands of 
Dollars. 



year. 


New 
York. 


Boston. 


Phllodel^ 
pbla. 


Baltic 
mi»re. 


Chicago. 




51, 
Louifl. 


N«w 
Orjeana. 


Ottur 


TW^ 


18^....... 

IS9I1 

1897 

ISBfl....... 

1899 

1900 

1001 

1902 

looa....... 

lOCM 

1905, 

I90« 

1907 

1908. . 


151,933 
fiS.Ofil 
65,312 
51.804 
46,610 
52,707 
m,263 

a6.7*ft 

88.550 
141. 0(K} 
150.4.^2 


110. soa 

14,013 
10,382 
iG.GOe 
13,342 
12^427 

i^m 
!a,r2 

10,543 
22,834 
24,410 

23.656 
18,087 
20,076 


8,348 
0,570 

10;78S 
H.3M 
18,H8S 
21,483 
20,422 
17,778 

:^,4^ 


1052 
2,068 
1,610 
2.113 
2,385 
2,033 

*a 

n.7C8 
10JR9 
0,222 
7,941 


H028 

5,153 
5.0SO 

tTa 

14,192 
18,730 
21.010 
26,798 

28,iao 

27,fl77 
30.iH3 


11.705 
3.112 

1.4fiA 

1;^ 

1044 
3.1W 
4,44S 
ft, 417 
7,724 

f:^ 

8,089 


2,172 

12.847 

12;*U 

18.572 

16,147 


1380 

1,062 

575 

664 

fi30 

710 

1,S2S 

3,371 

3>17ft 

4,<&4 

5,33!2 

5,34« 

«,C18 

5,«« 


10,003 
12,140 

12,160 

1?;S 

11,773 
15,171 

24, WO 


W,7O0 
10«.2S1 
113.574 

G7,II2 

oo.saa 

1*7,457 

m,SQO 

100,430 
262,142 

M,3I« 
»a,634 



TREASURER. 



278 



No. 79« — ^Rbsui/t* of the Count of National-Bank Notes Received fob 
Redemption, by Fiscal Yeabs, fbom 1895. 



limatytBi. 


ciMtti«d b^ 


"Ovaa." 


"Shorts." 


R^farred find 
riejocted- 




chMKoa. 


Netprocwda. 


IMB 


S86,040,748.54 
106,deiO,07a 05 
113,236.181.47 
97,45J»,282,47 
90,838,301.01 
90,ea3i«07.S8 
147, 486,577. as 

in,Bi2,7fia,fio 

190,786.126.51 
268,141,980.33 
308,2Sft,7ea(9 
29S,2tta,A&4fl5 
240,314,680.86 
340,^4,341.42 


17,553.54 
7,054.71 
5,423.79 
10,383,40 
16,61^ 50 
8,092.25 
19,90&52 
7,afl§.2i 
20,339. 9f7 
18,480.30 
0l,](fi?.05 
41 ,359. m 
28,540. 10 
4l,fl78.SS 


12,062.90 
7,53170 
3,841.50 
11,957.60 
15,011.20 
11,085,80 
20,fla0.30 
6,9BflLlO 
12,998.30 
30,839.28 
10.032.80 
35,882.00 
31,7^80 
38,076.70 


$575,708.51 

3fia,3fit27 

(^,331.70 

352,84flL05 

681,108.06 

750,002. 15 

340,i335.30 

462,05^.75 

4^,173. SO 

385.635.85 

1,521,9(^.10 

1,121,067.50 

1,474,680,55 

1,085,520.22 


11,580.50 tlS,23&05 
2,000.50 15,508.95 
1,508. 75 43, 80 
1,424 60 76>.20 
1,227.00 121.80 
1,700.00 124 70 
1,4^00 i4&.m 
1,754 00 17402 
1,901. 00 200. 40 
1,K)7,00 250.81 
1,308.00 2B1.75, 
1.685.75 268.06 
1,507.00 316.85 
1,130.60 403.15 


$30,355,723.:^ 


18M. ........ 

188(7 ,,.. 


107,801,026.34 
112,509,870.61 
07,l03,3aa73 
90,lSti,54K 46 


18W. ........ 

ISSfi 


IMO.......-- 


06,226,2SI 48 


1901 


147,143,049.00 
I7],t>48,135.38 
196,^1,193.28 
2ttl.742 380 6S 


1903 ......... 


1903 

1104 , . 


1906 


:iofi SI 7 :^A7 a 


laoo 


295.174,419.81 
238,834,804.70 
348,540,280.70 


1907 


l«».„ 





Mo. 73. — ^Disposition Made of the Notes Redeemed at the National-Bank 
Redemption Agency, by Fiscal Yeabs, fbom 1895. 



Ffscsl Tetr. 



Rotnnsa} to 
lianks of issws^ 



Delivered to the Comptrollor of 
tbe Curreooy. 



ISOT 
189a 

vsm 

1900 
1«U 
1102 
190i 
1004 
1906 
1006 
1007 
1908 



$35,065,630 
40,040,190 
37, 6501000 
27,124,360 
^,4?3,650 
29,620,«00 
57.008,715 
57,303,520 
02,5413,430 
02,025,555 

106, 286 H 870 
8K, 930, 700 
43,140.205 
62,104,660 



For deatructton 
And reissue. 



i40,OO4,54&0O 
43,806,376.00 
00,014,687,50 
54,858,155,60 
50.530,827.50 
49,006,445.00 
71*432,232.50 
90,646,746, 00 
104,604,2)65.50 
130,444,405.00 
174,417,382.50 
184,561,827.50 
168,040,465.00 
100,449,107.50 



For destroctJoa 
and reUrBmfiiit. 



tl3,068^3fiO. 00 
11,223,150.00 
n. 003, 355. 60 
15,990,400.00 
10,640^275.60 
17,900,793.00 
18,<^V,417.60 
30.(»5,274 60 
30,272,OSO, 00 
30,030,071.00 
25,BS7,36S.OO 
24.724,135.00 
25,454,25460 
39,535,150,60 



Deposited la 



165,341.00 

Ol,»M.OO 

69,019. 00 

n, 155, 00 

84,026.00 

lll,613f9.0O 

122,883.13 

148,477.00 

174,806. 50 

391,351.00 

308,547.60 

367,451,60 

206,300.00 

400,065,00 



Baltince on 
hand. 



$4,203,973.31 
0,967,390.06 
4,7.1t,24f!.16 
3,790,578.38 
3,209,447.84 
6,787,132.32 
6,080,514 00 
9,944,032.05 
12,601,338.23 
14,736,342.88 
14,1682,632.31 
11,372,838.12 
12,377,478.38 
02,277,880.08 



5871G— Fl 1908- 



-18 



274 REPORT ON THE FINANCES. 

Wo. 74. — Mode of Payment for Notes Redeemed at the National-Bank 
Redemption Agency, by Fiscal Years, from 1895. 



Fiscal year. 


Tuonafor 


United f^tatea 
ciurency. 


Silver ooln. 


Credit In gen" 


CrvdltlQ 

redemptloD 

Boomint. 


Total, 


18&5* 


140,374,030.32 
48,774,71X30 
55,567,032.90 
42,186,ft63.ii« 
24. 730, 838. 1£ 
3S, 433,009. 35 
05,036,811.50 
61,870,406,60 
G3, 546, 511. 10 
915,604.893,78 
107,690, .MO. a."* 
122,852,833.45 
136,676,031.21 
172, no, 195. 75 


©1,^6,708.66 
29,331,036.61 
36,525,208.00 
39»»£1,232.75 
49,339.819.20 
55, Sn, 983. 30 
58,&&tJ,976.54 
74.811,828.26 
95,919^803.47 
123,5^,051.41 
146,513.077.16 
l23,371J4l.n 
62,747,400.05 
123,085,045,30 


161,236.05 
82,660.45 
57.208.70 
83,747.40 
84,390.50 
78,301.35 
41,954.90 
46,770.80 
47,084.45 
31,820.60 
S1,430.S9 
100,491. 20 
1S1,594.40 
190,323.06 


113,604,664.93 
38,893,499.85 
10,084,126.58 
13,733,020.92 
14,984,070.20 
11,380,975,28 
21,508,997.10 
33,603,046.00 
36,178,517.60 
41, 360, 5n. 40 
60,639,868.00 
46,96fi,076.53 
47,676,609,25 
48,732,300.17 


ie90,(»4.66 

808,507. 13 

1,366,304.33 

l,177,S0fl.79 

l,0l6,fij?l.41 

456,000,20 

609,900.86 

716,084.80 

669,216.76 

1, 157,040. 46 

1,902,834.52 

1,875,874.92 

1,683,179,85 

2,922,415.83 


t8S,3fl£,723.29 

107,891,006.34 
112,600,870.51 

97,103,360.73 
90. 156 54S 40 


lgg6. 


1897.„.,..,, 
ISS& 


1800 


1900 


96,228,281.48 
147 143 640 W 


1901 .,.. 


1002.... „... 


171,(M8,135.M 
196,361,191.38 
261, 742, 386. flB 
306,8l7,3ff7.4» 
295,174,419.81 
238,834,864.79 


1903 V 


1904 „. 

1905„ 


IBOS......... 

1907 


1008......... 


348,549,280,79 





Wo. 75. — Deposits, Redemptions, Assessments for Expenses, and Transfers 
and Repayments on Account of the Five Per Cent Redemption Fund of 
National Banks, by Fiscal Years, from 1895. 



Fiscol year. 



1805. 
1896. 
1897. 
1898. 
1899. 
1900. 
1901. 
1902. 
I9a3. 
1904. 
1905. 
1906. 
1907. 
1908. 



Deposlti, 



*76. 

91. 
107, 

83, 

75. 

78, 
13], 
148, 
160, 



279, 
214, 

2oo; 



530, 

249, 
611, 
885, 
354, 
535. 
687, 
458, 
063, 
9t4, 
186. 
858, 
678, 



065.60 
OtJS.TT 
316.44 
770,36 
139.10 
882.88 
72fi.S4 
860,75 
351.28 
146.79 
086.50 
840.35 
(138.73 
088.70 



Kedemptlons, 



174.907,472.50 
09,967,815,00 
106.608,977.50 
81,817,265.50 
73,082,227.50 
74,872,477.60 
128,928,835.09 
147,010,875.00 
167,643,585.50 
228,324,630.00 
280,998,2^3.60 
273.906,687.60 
212, OK, 400. 00 
261,107,305.00 



1107,222.51 
100,150.28 
n4,!^J4.^ 
125,071.49 
130,417,31 
121,430.28 
123.544,28 
153,334.03 
156,400.72 
176.464,24 
223,672,88 
240,350.38 
248,742.30 
2^,300.66 



wpaymBntt, 



1610,917.34 

273,435.83 

671,838.02 

024,507.79 

1,041,481.13 

1,021,916.07 

723,450.79 

1,622,486.52 

1.176.007.61 

1,351,771,02 

077,101.78 

1,570, 711.6S 

1,480, 9«3. §7 

2,347,492^91 



S7,349,$43.ai 
7,573,000.40 
7, 426, OH. in 
6,070,639.74 
8,801, W3. 90 
ll,t4D,731.«| 
13,901,009.79 
12,BQ2,n4.9D 
13,3S£,13S.4S 
H3H4I4.n 
16,100,243.78 
19,470,40.70 

30,616,9 

]7,4lfi,« 



TREASURER. 



275 



No* 76. — Deposits, Redeicptions, and Transfers and Repayments on Account 
OF National Banks Insolvent, in Liquidation, and Reducing Circulation, 
BT Fiscal Years, from 1895. 



Fiscal year. 



Deposits. 



Redemptions. 



Transfers and 
repayments. 



Balance. 



van.. 

1896. 

ia». 

1900.. 
1901. 
1902. 
1908., 
1904.. 
1906. 
1906.. 
1907. 
1906. 



IN UQUIDATION. 



18B6. 

1696. 
1697. 
1696. 
1690. 
1900. 
1901. 
1902. 
1903. 
1904. 
1905. 
1906. 
1907. 
1906.. 



KIDUaNO CIRCULATION. 



1896. 
1696. 
1607.. 
1696. 
1699. 
1900. 
1901. 
1902. 
1903. 
1904. 
1905.. 
1906. 
1907. 
1906. 



AQQREQATE. 



1695. 

1896. 
1897. 
1896. 
1899. 
1900.. 
1901. 
1902.. 
1903.. 
1904.. 
1006. 
1906.. 
1907.. 
1906. 



$274,293.50 
613,180.50 

1,510,052.50 
563,831.00 
906,422.00 

1,275,002.00 
266,171.00 
704,616.00 
492,798.00 
428,535.50 
642,288.00 
503,497.50 

1,385,894.00 
620,603.00 



2,506,457.50 
1,853,255.00 
2,174,129.50 
3,396,559.50 
4,(569,753.00 
2,501,184.00 
2,529,815.00 
7, GOO, 494. 50 
9,536,387.50 
7,599,077.50 
15,220,186.00 
18,703,967.60 
9,643,293.00 
30,122,839.00 



9,346,995.50 
3,659,307.00 
12,324,430.00 
18,800,530.00 
18,121,441.00 
14,626,460.00 
10,861,289.00 
25,232,209.50 
17,181,070.00 
18,879,475.00 
8,301,095.00 
17,467,742.50 
22,224,662.50 
37,112,837.50 



12,217,746.50 
6,125,742.50 
16,009,512.00 
22,760,920.50 
23,699,616.00 
18,402,646.00 
13,657,275.00 
33,546,320.00 
27,210,255.60 
26,907,088.00 
24,164,169.00 
36,675,207.60 
33,253,849.50 
67,856,360.60 



$754,044.00 
786,163.50 
938,538.00 
699,340.00 
548,111.50 
687,831.50 
681,552.00 
730,305.00 
607,059.50 
805,763.00 
733,434.00 
805,684.50 
509,441.00 
1,147,848.50 



3,225,443.00 
2,868,828.50 
2,806,411.50 
2,502,099.00 
3,088,015.00 
3,207,666.00 
3,341,847.50 
4,455,127.00 
6,336,116.50 
7,670,603.00 
9,012,039.00 
11,126,108.00 
10,441,736.00 
13,241,623.00 



9,068,882.00 
7,568,158.00 
7,345,406.00 
12,789,021.00 
13,013,149.00 
14,014,295.50 
14,603,038.00 
14,899,842.50 
19,328,910.00 
22,460,605.00 
16,111,805.00 
12,702,342.50 
14,413,077.50 
25,145,685.00 



13,068,369.00 
11,223,150.00 
11,092,355.50 
15,990,460.00 
16,649,275.50 
17,909,793.00 
18,626,437.50 
20,085,274.50 
26,272,086.00 
30,936,971.00 
25,857,368.00 
24,724,135.00 
25,454,254.60 
39.535, l.W. 60 



$25,020.00 

1,810.00 

450.00 

56,230.00 

6,352.00 

30.00 

381.00 

100.00 

8,704.00 

3,721.50 

22,850.00 

1,550.00 

1,700.00 



33,973.50 
73,038.00 
82,690.00 
13,066.00 
39,674.50 
65,202.00 
13,775.00 
28,121.50 
20,048.00 
70,820.60 
41,240.50 
89,936.60 
39,944.00 
184,820.50 



127,600.50 

62,001.00 

476,042.00 

722,434.50 

1,630,201.60 

1,090,802.00 

760,601.50 

764,883.00 

2,936,682.50 

417,368.50 

1,561,279.50 

1,429,749.00 

2,734,935.50 

3,334,212.50 



161,574.00 
160,059.00 
560,542.00 
735,950.60 
1,726,106.00 
1,162,356.00 
774,406.50 
793,385.60 
2,956,830.50 ! 
496,883.00 ' 
1,606,241.60 . 
1,542,535.60 
2,776,429.60 , 
3,520,733.00 I 



$987,010.00 

789,007.00 

1,359,611.50 

1,223,652.50 

1,527,733.00 

2,108,551.50 

1,693,140.50 

1,667,070.50 

1,552,709.00 

1,166,777.50 

1,071,910.00 

656,873.00 

1,441,776.00 

912,920.50 



16,870,655.00 
15,782,043.50 
15,065,071.50 
15,946,466.00 
17,488,529.50 
16,716,845.50 
15,891,088.00 
19,017,284.00 
22,197,607.00 
22,055,161.00 
28,222,067.50 
35,709,990.50 
34,871,603.50 
51,567,999.00 



7,501,824.00 
3,530,972.00 
8,033,964.00 
13,323,028.60 
16,801,119.00 
16,322,481.60 
11,820,131.00 
21,387,615.00 
16,303,092.50 
12,304,004.00 
2,933,124.50 
6,268,775.50 
11,345,425.00 
19,978,365.00 



25,350,489.00 
20,102,022.50 
24,458,637.00 
30,493,147.00 
35,817,381.50 
35,147,878.50 
29,404,309.60 
42,071,969.50 
40,053,308.60 
35,526,542.50 
32,227,102.00 
42,635,639.00 
47,658,804.60 
72, 459, 284. -V) 



276 



BEPORT ON THE FINANCES. 



No. 77. — Expenses Incurred in the Redemption of National-Bank Notes, by 
Fiscal Years, from 1895. 



Fiscal year. 


Charges for 
transporta- 
tion. 


Salaries. 


Stationery, 

printing, and 

binding. 


Contingent 
expenses. 


TotaL 


Rate of 
expense 
per$I,000. 


1895 


$21,035.82 
32,518.93 
44,518.50 
34,337.93 
30,725.56 
31,767.33 
65,549.75 
59,957.96 
67,998.88 
95,580.12 

111,561.20 

104,477.20 
73,101.56 

104,685.62 


$76,411.97 
77,766.54 
77,977.62 
87,183.64 
87,161.01 
86,986.30 
87,056.10 
87,425.26 
99,802.67 
114,540.80 
126,237.63 
136,056.02 
151,477.77 
156,421.19 


$2,173.41 
2,825.97 
2,515.92 
3,387.11 
1,966.34 
3,561.94 
2,859.25 
4,621.61 
4,693.88 
6,055.20 
7,506.28 
6,790.10 
5,909.36 
8,506.90 


$731.59 

974.19 

49.69 

1,015.67 

1,438.49 

669.19 

771.08 

1,791.61 

1,982.19 

2,917.01 

2,668.15 

3,600.92 

3,161.83 

1,226.50 


$100,362.79 
114,085.63 
126,061.73 
125,924.35 
121,291.40 
122,984.76 
146,236.18 
153,796.33 
174,477.62 
219,093.13 
247,973.26 
250,924.24 
233,650.52 
270,840.21 


$1.15 


1806 


1.125 


1897 


1.0701 


1898 


1.29646 


1899 


1.34611 


1900 


1.33558 


1901 


.9956 


1902 


.92444 


1903 


.90262 


1904 


.84710 


1905 


.80993 


1906 


.84628 


1907 


.96615 


1908 


.90366 







No. 7§. — General Cash Account op the National-Bank Redemption Agency 
POR THE Fiscal Year 1908, and prom July 1, 1874. 



For fiscal year. 



From July 1,1874. 



Db. 

Balance from previous year 

National-banlc notes received for redemption 

"Overs" 

Total 

Or. 

National-bank notes forwarded to banks of issue 

National-bank notes delivered to Comptroller of the Currency 

Moneys deposited in Treasury 

Packages referred and monejrs returned 

Express charges deducted 

Counterfeit notes returned 

Uncurrent notes returned or discounted 

"Shorts" 

Cash balance June 30, 1908. 

Total 



$12,377,478.38 

349,634,341.42 

41,978.85 



$4,915,173,790.79 
507,633.76 



362,053,798.65 



4,915,771,424.55 



62,194,650.00 

235,984,264.00 

469.965.00 

1,079,050.17 

403.15 

1,130.60 

6,470.05 

39,976.70 

62,277,880.08 



1,641,462,276.00 

3,051,407,329.10 

136,513,747.18 

23,270,092.73 

86,49L34 

91,396.85 

163,928.82 

508,282.45 

62,277,880.08 



362,053,798.65 



4,915,771,424.66 



No, 79. — Average Amounts op National-Bank Notes Redeemable and 
Amounts Redeemed, by Fiscal Years, prom 1895. 





Out <a d«t»afts for rfttlre. 
meBt. 


Out (rf fi per cml tim± 

* 


redeeniable. 


R^eemed. 


Average 
t^emnable. 


Redeemed, 
, m for use. 


1 unlit for uie. 


Tfftal 
redMmad. 


isss 


«7,730.31Sl 
22,604, 14S 
21,513, 20S 
a»,671>,033 
33.023,249 
36,424,463 
31,268,712 
35,966,721 
43,179,711 
38,920,347 
32.798,435 
38,010.161 
47,075,981 
fi7,388.«22 


11.223,150 1 i94.sao.a*2 


135,055,620 
46,94*5,190 
37,650,960 
27,124,2fi0 
23.472,650 
35,fl20,liCO 
57,6flft,7U 
67,303,520 

92,Q2S,,W6 
106,286,870 
88,930,700 
43, 145,205 
62,194,ee0 


$40,094,540 

4.1,S(i6,375 

69,014,688 

54,&58,166 

50,530,828 

49,006,445 

71. 432, ^J 

89,646,74.1 

104,1304,266 

136,444,405 

174,417,38.1 

184,561, K28 

168,940,465 

196,449,108 


t75,190,lfl0 

00, 812, 564 
106. 674, 6« 
81,982,416 
74,003,478 
74,627,105 
129,100,947 
14a,950,36fi 
167,l67,aQe 
2^.4fl9,fl(a 
280,704,253 
273 492 53§ 


1S96........ 


1807 


Vl,6>92,3S5 
15,990,460 
lfi,648,375 
17,909,793 
IS, 626, 437 
30,(^,276 
26,272,086 
30,936.971 
2^,S57,30e 
24,724,135 
35,454,255 
39.535, Li^fi 


211,376,241 
19^,481-851 
2£?7<264,424 
223,860,280 
308,625,545 
322,307,230 
339,993,484 
389,966,13.^ 
435,487h040 
500,046.264 
&42,3a9.6tS 
e05,08*.732 


18^.^ ^ 

1899........ 


1900 

1901 


1902.,..,.. 

ifioa 


1904 ......... 


1805 ,.,., 


1906 


1U07, ..„. 

igog 


212,080,670 
368.643,758 









TREASUBEB. 



277 



Mo* 80*— Pbrcbntaob of Outstanding National-Bank Notes Rbdbbmjbd and 
Assorted each Fiscal Ybab from 1899, by Gboobaphical Divisions. 



Division. 


1890. 


1900. 


1901. 


1902. 


1903. 


1904. 


1905. 


1906. 


1907. 


MftlpA . . 


40.85 
43.41 
46.81 
4^31 


38.53 
39.77 
40.06 
45.47 


56.23 
58.00 
5a 87 
6a 94 


61.55 
5a 43 
5a 32 
6L78 


55.33 
50.60 
50.03 
64.85 


64.88 
67.93 
7a 36 
69.65 
87.66 
67.54 
8a 56 


66.40 
69.61 
70.73 
7a 78 
8a 82 
80.27 
87.76 


6a31 
59.40 
60.16 
6&33 
7a 32 
6a 43 
7a 10 


41.54 


N6W Hampshire 


42.19 


Vermont 


4491 


Musachusetts 


4a 52 


Boston 


51.62 


Rhod^t IfflftTid ... 


40.07 
48.22 


43.84 
43.54 


54.51 
5a 96 


55.95 
6L95 


5a 27 
6a 67 


5a 59 




50.51 






Naw England 


47.23 


43.55 


58.37 


59.03 


62.14 


7a 25 


77.39 


67.10 


47.36 






NewYork . 


47.85 


45.76 


59.50 


64.84 


7a 07 


69.24 
10L62 
80.17 
62.13 
81.97 
61.10 
64.15 


7454 
11402 
10452 

6a 09 

7a 18 

66.87 
82.23 
14a 86 
86.77 


7a 13 
8a 60 
80.33 
60.72 
7a 47 

6a 01 

79.66 
111.89 
7&88 


4a 04 


New York Citv 


47 23 




55.65 
41.60 


51.11 
39.59 


68.68 
42.62 


7a 48 
46.39 


7a 51 
54.78 


57.70 




47.00 


?mlad<^lphi» . , 


52.67 


Delaware 


4403 
50.76 


41.04 
40.37 


42.75 
61.44 


4a 78 
7a 77 


55.86 
8a 16 


5405 


Maryland . 


6a 11 






134.30 
74.24 


75.57 


District of Columbia 


48.79 


50.12 


57.31 


64.90 


6a 80 


6a 83 




, 




Eastern 


46.12 


43.99 


5a 73 


58.43 


66.88 


80.46 


8a 70 


7456 


49.75 






VlrglPia 


34.56 
30.48 
37.07 
37.26 
30.30 
50.02 
27.06 
31.67 
19.31 


.36.88 
25.99 
42.65 
54.87 
33.67 
39.40 
27.83 
26.54 
20.34 


46.37 
32.03 
6a 23 
64.53 
47.58 
41.68 
4a 57 
31.25 
36.81 


4a 29 
36.67 
51.22 
62.18 
41.08 
47.29 
42.01 
34.47 
41.00 


48.80 
39.42 
49.84 
50.33 
44.88 
42.66 
4a 10 
47.23 
56.22 


5a 26 
51.50 
54.64 
62.29 
58.56 
49.63 
47.66 
48.92 
39.25 
74.87 
41.82 
32.20 
42.24 
3a 63 
67.25 


60.85 
60.39 
69.24 
77.37 
6a 88 
55.80 
5416 
51.10 
41.99 
6428 
4a 24 
40.27 
4a 10 
45.02 
55.00 


5a 02 
62.02 
5a 73 
61.30 
52.55 
4a 86 
4406 
6a 71 
4a 43 
71.00 
39.75 
3a 60 
42.32 
4L85 
66.00 


44 58 


WestVir^nia 


3a 44 


North Carolina . 


4a 56 


South Carolina 


4a 10 


Georgia 


41.02 


Florida 


40.70 


Alabama 


3a 23 


MtffriffMrr* 


37.01 


Louisiana 


4428 


New Orleans 


6a 04 


Texas 


24.02 
27.88 
22.30 
27.80 


27.57 
25.67 
2a 04 
2a 40 


31.95 
28.19 
25.15 
31.89 


3a 01 
38.57 
31.60 
34.10 


3a 81 
34.86 
36.68 
35.06 
a 75 


3a 80 


Arkansas 


2a 62 


Kentucky 


3a 62 


Tep"WBPe . . ,.,.,,., r 


3a 99 


Porto Rioo 


37.05 














Southern 


26.91 


28.60 


3a 34 


3a 17 


41.25 


47.55 


5464 


4a 83 


37.63 






Ohio 

Cincinnati 


2&05 


22.70 


27.62 


3L61 


35.77 


41.75 
52.43 
35.88 
35.50 
56.69 
34.42 
30.70 
34.43 
35.62 
28.83 
51.58 


46.15 
5a 43 
40.61 
40.27 
55.31 
39.35 
3464 
39.70 
40.30 
41.34 
5a 44 


4a 76 
4a 23 
3485 
3a 93 
38.68 
34 38 
27.80 
32.72 
3a 18 
32.32 
42.36 


3427 
3a 96 


Indiana . . 


21.66 
21.45 


21.31 
22.12 


24.41 
26.93 


26.29 
32.84 


28.74 
35.45 


20.24 


pnnof^ 


30.02 


Chicaeo . 


31.82 


MIcb^ganT 


25.36 
22.60 
22.16 
22.49 
19.36 


2a 98 
21.18 
24.12 
21.10 
2a 15 


27.71 
24.98 
25.25 
24.40 
24.03 


27.65 
27.04 
2a 45 
27.90 
41.18 


31.37 
31.39 
29.75 
32.51 
3&26 


2a 70 




2452 


Minnesota 


2a 44 


Iowa 


27.52 


Missouri 


27.65 


St, Louis 


37.84 
















Middle 


2a 02 


22.05 


2a 25 


32.00 


34.45 


39.59 


4a 96 


36.75 


3a 75 






North Dakota 


25.22 
29.83 
25.67 
25.12 
25.10 
32.90 
23.56 
27.86 
34.11 
20.65 


24.59 
25.42 
2a 26 
22.17 
25.56 
22.95 
2a 56 
25.12 
20.38 
21.41 


2a 37 
28.30 
24.64 
22.42 
30.54 
25.07 
22.19 
29.80 
17.46 
28.70 


25.34 
28.53 
31.75 
29.63 
27.80 
29.41 
32.32 
32.41 
30.38 
3a 41 


29.89 
31.40 
34.51 
32.00 
3a 70 
34.53 
39.72 
37.97 
32.24 
37.13 


34.83 
3a91 
35.30 
34.54 
37.80 
3a 33 
40.43 
44.84 
34.90 
39.48 


40.70 
36.30 
37.32 
41.42 
40.09 
41.74 
3a 87 
49.23 
50.22 
40.54 


32.07 
32.82 
30.90 
34 42 
3a 03 
3a 20 
32.17 
42.44 
37.88 
36.20 


2499 


South Dakota . 


27.08 


NAhnm^f^ . 


26.04 


Kansas 


27.78 


Montftiift 


20.06 


Wyoming 


27.56 


Colorado 


30.93 


New Mexico 


31.71 


Oklahoma 


30.18 


Indian Territory 


30.72 






Western 


25.47 


2a 33 


24.04 


30.62 


34.52 


36.79 


40.78 


3a 81 


2a 41 






Wtshington ' 


29.33 
29.36 
28.22 


27.87 
29.56 
45.30 


30.68 
3a 45 
32.24 


3a 92 
35.24 
37.35 


38.28 
45.82 
4a 00 


4406 
51.22 
4a 72 
46.33 
3&45 
4a 98 
28.47 
49.65 
18.40 
139.99 


47.03 
57.48 
52.13 
45.20 
42.27 
40.64 
4a 03 
4a 40 
28.80 
96.57 


3a 62 
4a 53 
4a 25 
3a 49 
3a 56 

3a 15 
4a 14 

4a 35 
1429 

8a 31 


31.74 


Oregon T 


3a 30 


r^ii7<^rnif^ 


3a 56 


flf^fi Francises ... 


3a 89 


Idaho 


3i.26 
16.20 
52.87 
28.73 
6.33 


30.43 
21.70 
32.91 
28.17 
2&60 


28.02 
21.66 
3a 73 
32.21 

laoo 

12.58 


29.21 
29.67 
37.48 
37.35 
12.00 
54.56 


34.06 
3a 26 
41.54 
42.96 

laoo 

45.22 


2a 63 


Utah 


31.03 


Nerada 


4471 


Arisona 


36.38 


Alaska... 


26.32 


HawmU 


60.56 










Padflc 


27.12 


34.90 


3a 54 


35.64 


41.50 


47.57 


49.10 


42.35 


34 40 








37.83 


35.85 


4a 44 


4a 82 


51.68 


60.52 


6&84 

\ 


5a 21 

\ 


4t^Xi 




\ 



278 



REPORT ON THE FINANCES. 



^'o. f«I.— AvBEAOB Amount of National-Bank Notes Outstandino and thb 
Redemptions, by Fiscal Years, from 1875. 



Year. 


Avefngo 
oiiUCiuidkf. 


BedfimptlOEis* 


Y.... 


AveragB 


XimAtemptlfiniL 




AmonDt, 


Pfetroent. 


out3tGUidLnff« 


AllUkQtit. 


FBroent, 


WB^. 


t3M,a3J*,29l 
344,483.79a ' 
321.828, lao 
320jl:!&,047 
3^4,244,285 
339..'"ja0^92fi 
34ti, 314,471 
3M,73tlOfiO 

347,746,3(13 
327.022,J»3 
3H,815,fl70 
293,743 053 

2^0,648,247 
19«,24e,499 
175,911,373 


1155. 520. S80 

206.038,855 

242,885,375 

213.151,458 

iS7.t55ti,64fi 

6l,5a5/&7tt 

fifl. 650,259 

7ti,08l>,^t27 

iga.flw.tin 

12G,iea,572 
150,209,129 
130,29(1,607 
87,(1^9,087 
99,lG2,3tt4 
88,932,059 
70,2.^,947 
67,4^,fll9 


4a.» 

Aaea 

7^47 
4a €2 

mia 
1 17. :a 

2H5 

2^53 

36.37 1 

45. 9S 

4U38 

29,85 

3Z32 

38.55 

34 80 

38.34 


issa., 

1895 

l«»l 

1895........ 

1S9C. 

1897........ 

1896 

1 1899 

1 1900 

1901. 

1 isoe 

1903 

J904 

1S05 

J900.- 

1907 

1908 


§172,113.311 ie9,fS5,0t9 
174,755.355 75,845,225 
SOS.333.804 105,390,944 
207,860,409 W, 709, 133 
217.133.^0 108,300,978 
232,838.449 113.573,776 
228,170.874 97,111,687 
239,287/673 90,838,301 
260,393.746 96,9^,608 
339,884,257 t47,4S0,57S 
358. 173,911 171,869,258 
383,173,195 190,439,621 
428.880.482 3S2, 141,930 
468,385,475 308,298,760 
a8^0&5,42S 2S6,2S2,885 
a>,445,599 240.3l4,«gl 




WW ,.,. 


40L46 
43.40 


ItTH...... 

I»7*., 

ifieo , 


51.30 
41.71 
49,85 

48.76 


1882 


42.56 


lS8a.. .^_ 
IWM _ 

i88ii. . :,: 

im\. 

1WH7 ' 


37. 9B 
31 2S 
4^39 
47.98 
51.20 
6LU 
05l84 

a&.m 

«l77 
52,78 


ICHV.... 


iSB:: ^" "' 


mu.. '"" 






^tvft^*|r*y^^*^ 



No. 1*2. — Changes dubinq the Fiscal Yeab 1908 in the Fobce Emplotbd in 

THE TbEASUBEB'S OfPICE. 

Total force June 30, 1907: 

Regular roll 587 

Detailed to 8 

546 

Discontinued 5 

Died . 4 

Resigned 33 

Transf erre d from 18 

Detailed from 1 

Details discontinued 8 

Vacant 2 

71 

Appointed 26 

Reappointed 

Transferred to 29 

Detailed to 75 

139 

68 

Total force June 30, 1908 , 613 



No. N3. 



-Appropriations Mads for the Force Employed in the Treasurbr's 
Office and Salaries Paid during the Fiscal Year 1908. 



Roll on which paid. 


Approprl- 


Expended. 


BiOaiice an- 
expended. 


Regular roll 


$433,480.00 
22,754.(j8 


$428,556.94 
22,75145 


$4,933.06 


Deficiency annroDrlatlon . . 


.23 






Total 


456,234.68 


451,31L39 


4,933.29 






Reimbursable roll (force employed In redemption of national 

currency) 

Deficiency appropriation 


123.640.00 
3,619.50 


121.506.42 
3,35L77 


2,041.68 
267.82 






ToUl 


127,250.50 


124,95a 10 


2,3001 40 






Aggregate: 

Regular roll 


456,234.68 
127,250.50 


451.311.30 
124,050.10 


4,923.20 


R^imburSftblfl roll .,.,... 


2;m46 






Total 


583,40127 


576,26L58 


7,232.60 







BEPOBT OF THE DIRECTOB OF THE MINT. 



Treasury Department, 

Bureau of the Mint, 
Washington J D. C, December 9, 1908, 
Sm: I have the honor to submit herewith the thirty-sixth annual 
report of the Director of the Mint, covering the operations of the 
mints and assay offices of the United States for the fiscal year ended 
June 30, 1908, with other interesting statistics relating to coinage 
and financial matters in this and other countries, which will be found 
valuable in considering this report. 

the year's operations. 

The fiscal year ended June 30, 1908, was remarkable in that there 
was made at the various mints of the United States $16,530,477.25 in 
subsidiary coinage, this being the largest amount of subsidiary 
coinage ever made in the United States mints in one year since 1877, 
when a little over $3,000,000 more than the above amount was coined 
in preparation for the resumption of specie payments. The larger 
part of this coinage was made in the first halt oi the fiscal year, and 
was wholly due to the remarkable expansion of trade during that 
period. The demand for this character of coinage ceased as soon as 
the effect of the panic of last fall began to be felt, while for several 
months previous to the 1st of December, 1907, there had been a 
continuous absorption of the entire output of the mints. During 
the last half of the year only two mints operated on subsidiary coin, 
the mint at Philadelphia operating almost exclusively on gold coinage, 
and the operations of the mint at San Francisco being devoted almost 
entirely to the coinage work for the government of the PhiUppine 
Islands. 

new designs for the gold coinage. 

In response to a popular demand for an improvement in the 
designs used on our coin, the President took steps early in the year 
1905 to accomplish this result. It was decidea to make the first 
change on the gold coins, and the eminent sculptor, Mr. Augustus 
Saint Gaudens, was employed at the request of the President to 
prepare models for all denominations of the gold coins, and with the 
purpose in view of securing a much higher relief in design than was 
ordmarily used in modem coinage several models were made of the 



280 REPORT ON THE FINANCES. 

same design but with different heights of relief. But it was found 
to be impossible to work any of the desi^is upon the ordinary coining 

?ress until a third model was made with a greatly reduced relieE 
'his was somewhat disappointing to those urging a high relief, and 
therefore some 12,153 pieces of double eagles ftom the second model 
were struck on a medal press and sent to such places in the United 
States where a general distribution of them could be made. Of 
the new Saint Gaudens double eagle perfected for coinage in the 
regular way, $105,939,360 were struck by the close of the fiical year. 
The new designs for the eagle were also prepared by Mr. Saint 
Gaudens, and are regarded by competent critics as artistic. The 
standing eagle is true to nature, while the feathered head of Liberty 
is a radical departure from the head heretofore appearing on any of 
our coins of eitner gold or silver. 

There were coined in eagles during the fiscal year $4,829,060 in 
the new design. 

BIGELOW-PRATT DESIGNS FOR THE HALF EAGLE AND QUARTER EAGLE. 

Early in the present year while the President was explaining to Dr. 
William Sturgis Bigelow the mechanical difficulties met with in the 
effort to bring to success the double eagle and the eagle of the Saint- 
Gaudens designs, especially that referrmg to the conmiercial desire 
that the coins should stack or pile to a uniform height. Doctor Bige- 
low became impressed with the idea that a high or strong relief of 
design on a coin could be obtained by depressing the design oeJow the 
face or field of the coin, instead of raising it. as was being done in all 
coinage operations, thereby the field being flat and uniform in thick- 
ness would insxu'e a stackmg, and would permit of the pieces being 
piled to a uniform height. 

In all other coins the wear comes on the highest point of the relief. 
In these, the flat surface takes the wear and protects the relief^ 
which is depressed below it, the shape of the depression following the 
outline of the rehef . This system of countersmking a relief is one 
of the oldest forms of sculpture in stone. Egypt is full of exaniples 
of it. It has been little used in modem times except in Japan, where 
it finds a restricted application chiefly in wood carving. It has never 
been applied to coins in modern times. The idea or so applying it 
was Doctor Bigelow's. Acting upon his own responsibility, ne awed 
Mr. Bela L. Pratt, an artist of St. Botolph Studios, Boston, to make 
an experimental aesign to illustrate the principle. This model was 
submitted to the President, and the practicability of this new idea 
in coinage appealed so strongly to him it was decided that the ex- 
periment of makinga coinon this principle should be made. Thedesign 
of a real Indian head, with war bonnet of feathers, was adopted for t^e 
obverse side, and the President selected the design of a real eagle, 
standing, for the reverse side; and Mr. Pratt was commissioned to 
prepare models for the engraver of the United States mint at Phila- 
delphia. The model work was done during the summer and the dies 
made. The results were so satisfactory that the desi^s were ap- 
proved by the President and instructions given the mmt at Phila- 
delphia for the striking of the coins. This coinage was commenced 
in November of the present year. 



DIRBCTOB OF THE MINTv 281 

That the artist in producing faithful re]Dresentations of both the 
real Indian and the real ea^le has* reached a remarkable degree of 
success, persons familiar wiUi those subjects must attest. Tne en- 
graving work, executed bv Mr. Charles E. Barber, engraver of the 
IJnitea States mint at Philadeli)hia, is remarkably fine and sharp in 
detail, showing consummate skill and an artistic hand. 

THE MEDAL DEPABTBiENT OF THE MINT AT PHILADELPHIA. 

The medal department of the mint at Philadelphia is now equipped 
with the most powerful and modern presses and other apparatus for 
the manufacture of medals of every character. During tne last two 
years there have been made for the War and Navy departments over 
100,000 bronze medals, and the necessary bars for mounting the same, 
at a much less cost than the same could have been procured from 
private firms. No valid reason exists why all national medals should 
not be made by the medal department of the mint at Philadelphia. 

COST OF COINAGE AS SHOWN BY THE COST REPORTS. 

The system of keeping account of the expenditures incidental to 
the manufacture of coin, which was inai^urated last year, has been 
improved and perfected so that now the ^ures shown therein can be 
deemed reliable as giving a close estimate of the actual cost of coinage 
of the different denominations. This system is based upon the 
actual coinage costs only, such as ingot making, alloy, coining de- 
partment operations, and the cost of administration, but does not 
take into account the cost of making the coinage dies used. For the 
first time in the history of mint operations it is thus made possible to 
make a report on the cost of coinage. 

The following statement shows the average cost per thousand 
pieces for each denomination coined during the fiscal year at all of 
the mints as shown by the cost reports kept by them: 

Average Cost per Thousand Pieces. 

Gold: 

Double ea^ tao. 61 

* Eacto 32.76 

Half eagle 13w«3 

SUver: 

Half dollar 0.80 

§uarter dollar 5. 93 

Ime 2.63 

Minor: 

6 cent 2.11 

Icent 1.12 

Philippine: 

Rao 11.01 

SO centavo 8. 27 

20 oentavo 6. 26 

10 centavo 3. 16 

LIFE OP COINAGE DIES USED IN THE MINTS OF THE UNrTED STATES 
DURING THE CALENDAR YEAR 1907. 

During the calendar year 1907 there were used in the four coinage 
mints in the coinage of domestic, Philippine, and Mexican coin 3,100 
obverse and reverse coinage dies. From these dies 262,018,610 pieces 
of good coin were struck. The following table shows the highest, 



^wf) ia3*arr 'j% the futajjobb- 



J- Tii^:=a- niid fc'PHEiieKr ^^^^^fa*^ of jBBo» -iif •?»:cL aawck per die ior each 
<5aijr.2iJinii.liaii e^ODiid: 



nsffir fifc. 



liuuijiPCMk: ^ 0»r. »r-l« Iter. iiai 



BiiL*4 



3 O^. :4LJM »a& «. 



£jii.«^«tt ^ <^*'- *-^ *^- *-^ — ~ 



3>in»- 



i.^» «L2IS 

£:« Oiiv. SjlC^ A«& rj* «L»6 



V!2:^^ ... - i« ^J4^. «^2Ei BMT. m^» m,m 



1 fHir 
Jill 



J»lilirjiiiniE 2^ ,j^_ ^^^ ^j^_ 



SS^vi. ._ :« E«-. 23LSK BiA 2L«i 3LS0 

^"°™^ 216 OiT. SLMfr ter. &.ai XLSC 



111 



il»l9IIXitVI>-- 



fislfc fSLfS B«k S SlCV 



ELJBCTBOLTTICAL REFCOXG. 

7^ installation of an electrolrtical refinery plant in the mint at 
Saa3 Francisco has been completed. Experimoe abeadr had as to 
^tit casi of the of>erating of tne same is such as to justdy the behef 
ll2^ in the near future it will be possible to reduce the' charges to 
depositors of bullion for Darting and refining. For the mints the 
cJcctrolvtical pr^>cesses of refinmg possess many advantages over 
the old acid pr^icesses. In the first place there is Uttle or no loss of 
gold or silver in tlie operations. Then, again, deposits are made con- 
taining small and minute particles of platinum that were heretofore 
lost in parting and refining by the acid process, but are now recovered 
and inure to the benefit of the Grovemment. The amount contained 
in any one de[>oHit is so small as to make it impracticable to account 
to the depositor for the same. If all deposits were ti:eated individu- 
ally the cost of extracting the platinum would be much greater than 
its value. By treating the deposits in large quantities nvith other 
bullion the pfatinum Ls recovered without any additional expense t^ 
the Government. 

Electrolvtical refining plants have already been installed in the 
mints at rhiladclphia an(l Denver. 

ENLARGEMENT OF ASSAY OFFICE AT NEW YORK. 

Under the act of June 30. 1906, to increase the limit of cost of 
certain public buildings, autnorizing the purchase of sites therefor, 
and for the erection and completion of public buildings, and for other 
purposes, the Secretary of the Treasury was authorized to enter into 
contract for the remodeling of the Umted States assay office at New 
York. Under the authority conferred in the act the old building in 
which refinery operations were conducted was demolished. Speci- 
fications were prepared and proposals invited for the construction 
of a Huitablo building in lieu thereof. Upon opening proposals it 
appeared that the amount appropriated would not penmt of an 
award of contract for the construction of a building m accordance 

Wi specifwationa. 



DIRECTOR OP THE MINT. 283 

An urgent necessity exists for the erection of this building at an 
early date. The part of the building formerly used for refinery pur- 
poses having been torn down, there are no facilitiea for parting and 
refining buUion, making it necessary to transport all crude and 
unparted bullion to the mint at Philadelphia at the expense of the 
Government to be parted and refined. 

IMPROVEMENT IN MELTING. 

In 1899, what was then considered a great improvement in melting- 
furnace fuel was made by the introduction of gas for melting bullion 
instead of coal and coke; another improvement is now made by 
using fuel oil instead of gas. The mints at Denver and San Francisco 
have demonstrated that oil is not only more effective but very much 
cheaper than gas. One of the main features in favor of oil-Duming 
apparatus is that oil can be stored at or in the building in sufficient 
quantities to provide a working supply that will allow tne furnaces to 
be operated for a period of several weeks. With the use of oil the 
numoer of melts made per day has been increased greatly. The 
first cost of installation of furnaces and generating apparatus is 
greatly reduced and the actual cost of melting cheaper. The fuel oil 
used at Denver and San Francisco is obtained from the local oil fields 
of Colorado and California. 

THE RESTORATION OF THE MOTTO. 

The motto "In God we trust" was first placed upon the bronze 
2-cent piece authorized to be coined by the act of September 22, 
1864. Section 5 of the act of March 3, 1865, authorizing the coinage 
of the 3-cent piece, provided for the placing of the motto on such 
coins as woula admit thereof. This provision was enacted under 
section 18 of the act of February 12^ 1873. The motto was first 
placed on the gold and silver coins (with the exception of the dime, 
which was too small) January 1, 1866. 

Section 3517 of the Revised Statutes of the United States adopted 
bv the act of Congress dated June 22, 1874. did- not provide for the 
placing of the motto on any of the coins. Tne motto continued to be 
placea on the coins upon which it had previously appeared until the 
adoption, in 1907, of the new designs of the double eagle and the 
eagle, from which it was omitted, the inscriptions and legends being 
confined to those authorized by section 3517 of the Revised Statutes. 

May 18, 1908, an act was i)assed by Congress restoring the motto 
''In God we trust'' on the coins of the United States, to take effect 
thirty days after its passage. The motto appears on all gold and 
silver coins struck since July 1, 1908, with the exception of tne dime. 

AN ACT Providing for the restoration of the motto "In God we trust" on certain denominations of 
the gold and silver coins of the United States. 

Be it enacted by the Senate and House of Representatives of the United States of America 
in Congress assembled^ That the motto "In God we trust," heretofore inscribed on 
certain denominations of the gold and silver coins of the United States of America, 
shall hereafter be inscribed upon all such gold and silver coins of said denominations 
as heretofore. 

Sec. 2. That this Act shall take effect thirty days after its approval by the President. 

Approved, May 18, 1908. 



284 REPORT ON THE FTXANCBS. 

Aft8AY OFFICE AT SALT LAKE CITT. 

The following act was passed by Congress May 30, 1908, providing 
for the establishment of an assay office at Salt Lake City, Utah: 

AN ACT To ertablidi an unjoffloe at Salt Lake City, state of Ulah. 

Be it enacted by the Senate and House of Representatives of the United States of Amtrica 
tn Congress asstmbledj That the Secretarv of the Treasury is hereby authorized and 
required to establish an assay office of the United States at Salt Lake City, in the 
State of Utah; said assay office to be conducted under the provisions of the Act entitled 
"An Act revising and amending the laws relating to the mints and assay offices and 
the coinac^e of the United States/' approved February twelfth, eighteen hundred and 
seventy-tnree; that the officers of the assay office shall be an assaver in charge, at a 
salary of two thousand five hundred dollsms per annum, who shaU also perform Uie 
duties of melter; chief clerk, at a salary of one thousand five hundred dollars per 
annum; and the Secretary of the Treasury is herebv authorised to rent a suitable 
building for the use of said assav office, and there is hereby appropriated, out of any 
money m the Treasury not otnerwise appropriated, the sum of twenty thousand 
dollars for salary of assayer in charge, chief clerk, and wages of workmen, rent, and 
contingent expenses. 

Approved, May 30, 1908. 

It was not practicable to secure an entire building for the use of 
the assay office, but rooms have been rented at an annual rental of 
$1,800 for the purpose, and the necessary melting furnaces, appli- 
ances, and apparatus are now being installed therein, and it is con- 
fidently expected that the office will be open to the receipt of bullion 
early in January, 1909. 

USE OF CUPRIC CHLORIDE IN TOUGHENING BRITTLE INGOT MELTS 
AT THE MINT, PHILADELPHIA. 

Within the last year the melter and refiner of the mint at Phila- 
delphia, David K. Tuttle, Ph. D., makes report on the use of cupric 
chloride which shows an ingenious and most effective application in 
toughening brittle melts of standard gold bullion. One great advan- 
tage is that a brittle ingot melt for coinage can be treated with the 
cupric chloride most expeditiously and without danger of destroying 
the proportion of the alloy to the precious metal. The chlorine 
when it unites with and carries off the troublesome base responsible 
for the brittleness, leaves its former associate, copper, in place of the 
base metal. 

UNITED STATES GOLD COIN IN CANADA. 

The treasury of the Dominion of Canada held on December 31. 
1907. $33,529,889 in United States gold coin, while the amount held 
by tne chartered banks on the same date was $12,244,213, making 
tne total amount of United States gold coin held in the Canadian 
reserves on December 31^ 1907, $45,774,102. In addition to this 
there were held by agencies of Canadian banks in Cuba and Porto 
Rico $1,299,811, and m Jamaica $370,217 in United States gold coin. 

DEPOSITS OF GOLD BULLION. 

The deposits of gold bulUon at the mints and assay offices of Uie 
United States dunng the fiscal year 1908, exclusive of redeposits 
were of the value of $207,415,984, against $176,580,654 reported the 
previous year. 



DIRECTOR OP THE MINT. 



285 



Redeposits which consisted of bullion transferred from one office 
of the service to the other, or bars bearing the stamp of one of the 
offices of the service deposited or sold to another office, amounted to 
$119,214,058. 

The total gold bullion and gold coin received, including redeposits, 
contained 17,556,365 standard ounces of the value of $326,630,042. 

The deposits of domestic bullion amounted to 6,005,804 standard 
ounces, or which 2,201,114 standard ounces were in crude condition 
direct 'from the mines operating in the different States; 668,016 
standard ounces of refinery bars Qess than 0.992 in fineness) and 
3,136,673 standard ounces of refined bullion (0.992 in fineness and 
over) were received from private refineries, bromide, chlorination, 
and cyanide works. 

UNCUBBENT DOMESTIC GOLD COIN FOB BECOINAOE. 

Uncurrent and mutilated gold coin received for recoinage con- 
tained 214,450.317 standard ounces of the coining value in new coin 
of $3,989,772.90. Of this amount 71,363.207 standard ounces were 
received over the counter and 143.087.110 standard ounces were 
received on transfer orders from tne Treasury. The loss on this 
coinage was $30,895.60. 

DEPOSITS OF FOBEIGN GOLD BULLION AND GOLD COIN. 

Foreign gold bullion containing 3,857,871 standard ounces of the 
value of $71,774,351, and foreign gold coin containing 735,538 
standard ounces of the value of $13,684,426 were received from 
various countries as follows: 





Crude buHton, 


Rdluad buUfon., 


Oolii. 


8«une. 


Standard 
muuses. 


Velue. 


Stuidard 


V4tn«. 


Standard 
Dunaes. 


Value. 


British Culumbift ' Mj66e,344 


t^2lffi, 173.84 

im,1»&.85 
212,455.88 

i,fi30,aig.aa 

41,ai7,47 

1,&I4.0G 

76,M5.3ft 

e73,Qfi1.67 


l3,et547S 1253,305.04 






Normwflst TejTiiofTJ 83,»a6,24fi 
OnUria imd Quebec. .1 6.2^,690 






NovaSetJtiB 1 n,41fl,477 

lleiico «T,0m,499 

Cuba. . . 1 2.230.814 


241,.'^ 4,499.59 
n,^i 248. M 


''2]mlm 


i^i^mii 


Bflnto DoiBlngD. ..... 


36,177,065 
327,877 








Cfl«ta Rica... „, 

NtcuaiTLia 




m,mi 


a,6moa 


BondLirv . ^^^ 




I, no 

120,^52 
07,124 


3L0B 


OuAtemato 


057,044 1 17!§QS.47 




2,54B.M 


Ciintral Amnricmr lui- 
known ...... ..... 


2T,126,tl©g 
S,7« 


504,B71.59 
l,eS3,730. Ttt 

mm 


1 


2,23&.Jl 


Colombia „....- 

Biull...... 


sjsa 


iflaiffi 


1,806.06 


Peru. ^ 






BA,fU 


1,086.40 


Venezuela 


ng,ois 

17,22S,Z45 


' 330,525. « 

4B4.:fl 

5Ttt,MS.47 








South Anjeii«a. un- 
known 


fi2,M5 


iT7.fi« 


hm 


21. fie 


Grt*t Biitain 


3,S36.56S,206 

1,810,438 

4l,357,r?0 


3a,6B2.3ft 
700,446, S» 


423>305,9O5 
lfift,3.W,R25 

2,287,M4 


7,175,458.70 
2,064,666.50 


France."... ,. 


2,i5a,*» 


40,085. 66 


1,020,528.30 


ftiutfti..,., 


43,»454 


ISSS:::;:::::::::::; 


a, 146 


».es 






RimIi 






41,180,670 


766,319.44 


CblOA... 


2^232 


41.SA 






Sw^Hton ,„.„ 






0&8,tlS4 

17,3W,M0 


17,840.63 


TfnnlaMitlf^ 


m,m 


1,11B.03 




: ■■■ ■' 


322,.^!. 86 


... 




Total 


4!J^f20Af4Sir 


S,T4S,1I27.5S 


a,3S7,M4ti74 |jfi».nafi.X£LS» 


73S,537,fle3 


13,6*4,436.46 






' 



286 



REPORT ON THE FINANCES. 

DEPOSITS OF jewelers' BARS. 



Jewelers' bars and old plate containing 333,190 standard o\mces 
of the value of $6,198,890 were received. 



RBDEPOSrrS OF QOLD BULLION. 



The redeposits contained 6,407,756 standard ounces of the value 
of $119,214,058 as follows: 



Bars manufactured at— 


Fine bars deposited at— 


Mint ban de- 
_posited at 
Philadelphia. 


Philadelphia. New York. 


Philadelphia 


Standard oz. 
68.752 
3,411,947.143 
3,42L254 


Standard oz. \ Standard oz. 


New York 


20.933 1 900,375.514 


St. Louis 






Total 


3,415,437.140 


20.033 1 000.375.514 









Bars manufactured 
a^- 


Unparted bars deposited at— 


Total 
onparted. 


Philadelphia. 


San Fran- 
cisco. 

Stared, oz. 


New York. 


Helena. 


SeatUe. 
Stand, oz. 


New Orleans 


Stand, oz. 
1, 134. 574 


StaTid. oz. 


Stand, oz. 


Stand, oz 
1, 134. 574 


Denver 




14.972 






14.972 


New York 


829,401.813 








829, 401. 813 
89,011.801 


Carson 


89,011.801 








Boise 


4<1,289.243 
80, 717. 970 
11,859.368 
19, 441. 355 
61,612.404 


133.279 






46,422.522 


Helena 




1,117.470 




90, 835. 440 


Charlotte 








11.850. 3(i8 


St. Louis 










19,441.355 


Deadwood 










01,612.404 


Seattle 


933, 184- 414 






3.365 


933,187.770 










'f otal 


1,059,456.727 


1,022,196.215 


14a 251 


1,117.470 


a365 


2,082,022.028 





DEPOSITS AND PURCHASES OF SILVER. 

Silver is coined in the United States on government account only. 

Deposits of silver bullion are received by the mints and assay 
offices to be returned to the depositors in fine or unparted bars with 
the weight and fineness stamped thereon. These aeposits are con- 
fined almost exclusively to the assay oflice at New York, and the 
bars when returned to the depositors are sold for use in the arts or 
exported. 

The deposits and purchases of silver at the United States mints 
and assay offices during the fiscal year 1908 were as follows: 



Item. 



Standard 



Silver purchased 15, 806, 746l 79 

Silver parted from gold deposits 3,012, 532. 35 

Uncurrent domestic coin for recoinage 872,651.66 

For return in fine bars 3, 320, eoa 8S 

For Philippine coinage 10,301,605.06 

Total I 33,4H13&-70 



DIRECTOR OP THE MINT. 



287 



Included in silver ^^for Philippine coinage'' is 9,851,801.76 standard 
ounces Philippine silver coin received for recoinage at a reduced 
fineness. 

UNCURRENT DOHBSTIC SILVER COINS FOR RBCOINAOE. 

Uncurrent and mutilated domestic silver coins received for recoinage 
contained 873,428.65 standard ounces of the value of $1,086,691.94 
m new subsidiary coin. The net loss on this recoinage was $76,290. 1 2. 

DEPOSITS OP POREION SILVER BULLION AND SILVER COIN. 

Foreign silver bullion containing 3,292,665 standard ounces of the 
coining value of $3,831,465 and foreign silver coin containing 149,972 
standard oimces of the value of $174,512 were received from various 
coimtries as follows: 





Crude bullion. 




Coin. 


Soaroe. 


Standard 
ounces. 


Coining 
value. 


Standard 
ounces. 


Coining 
value. 


Standard 
ounces. 


Coining 
value. 


British Colombia 


15,246.06 

19,912.41 

15,385.50 

1,06&86 

2,777,397.21 

263.88 

4.66 


$17,739.70 

23,170.80 

17,903. 11 

1,243.76 

3,231,88a 39 

307.06 

&29 










Northwest Territory 










Ontario and Quebec 










Nova Scotia. T 










Mexico 

Cuba 


344,901.00 


$401,339.35 


33,313.80 
2,934.67 


$38,765.14 
3,414.77 


Santo Domingo 






Hayti 






24,130.07 


28, 07a 62 


Costa Rica 


7,180.10 

21,062.69 

61.32 

74.66 

48,69&73 

33,451.17 

.60 

7.46 

7,942.01 

2.66 


8,365.02 

24,600.31 

71.35 

86.75 

66,667.60 

38,925.00 

.69 

a66 

9,241.78 

ao6 






Nicaragua 










Honduras 










Guatemala ! 






65,770.16 
19,022.51 


64,896.19 
22,135.28 


Central Americf^, unknown. 






Colombia 








BrasU 










Venezuela 










South Am^ri^^, un^o^xni. . 






3,302.00 


3,842.33 










Spain 






289.64 


336.92 


ISw..: 


.77 
.31 
4.67 


.90 

.36 

&44 








China 






10a94 
11,107.91 


117.45 


Unknown 






12,925.58 








Total 


2,947,764.49 


3,430,126.06 


344,901.00 


401,339.35 


149,971.^ 


174,512.28 





Jeweler's bars and old plate containing 693,676 standard ounces 
were deposited. 

RBDEP08ITS OF SILVER BULLION. 

The redeposits of silver contained 3,298,432 standard ounces, as 
follows: 



Bars manulsctured at— 


Fine bars deposited at— 


Mint bars 
deposited at 
Philadelphia. 


Philadelphia. 


SanFranclsoo. 


New York. 


FhlliuUlpbfA 


Std.ou. 
2,039.51 


Std.ou. 


8td. ou. 


8td. 0Z3. 




490,492.52 






New York 




85, 47a 71 


68,874.18 










Total 


2,039.51 


490,402.62 »i.47a71 


68,874.18 











288 



BEPORT ON THE FINANCES. 
RBDBP08ITS OF SILVER BULLION — Continued. 



Bars manufoctured at— 


Unparted bars deposited at— 


Total. 


Philadelphia. 


SanFrancisoo. 


New York. 


Helena. 


Seattle. 


New Orleans .':?;... 


8td. ou. 
78.80 


8td. 0Z8. 


Std.ozi. 


8td.ozt. 


Std,dit. 


Std.oz9. 
7&80 


Denver 




2.45 






2.45 


New York 


2,313,025.20 








2,313,025.20 


Carson 


45,943.37 








45,943.37 


Boise 


26,431.84 

45,854 22 

1,766.58 

1,131.20 

67,658.95 


26.91 






26,458.75 


Helena 




306.46 




46, 16a 68 


Charlotte 








1,766.58 


St. Louis 










1, 13L 20 


Deadwood 










67,658.95 


Seattle 


149,328.95 






.59 


140,329.54 












Total 


2,455,946.79 


195,272.32 


29.36 


306.46 


.50 


2,651,555^52 







Recapitulation op Deposits and Purchases op Gold and Silver Buluon and 
Coin at the Mints and Assay Offices of the United States during the Fiscal 
Year 1908. 



Description. 



Gold. 



Standard 
ounces. 



Domestic bullion: 

Unrefined 2,201,114213 

Refinervbars | 668,016.113 

ned. 



Refined. ! 3,136,673.284 



Total domestic 

United States coin: 

Received over counter 

Received from Treasury 

Trade dollars, received over counter. . 

Philippine assay coins 

Philippine coins for recoinage 

Foreign bullion: 

Unrefined. V 

Refined abroad 

Foreign coin 

Jewelers' bars, old plate, etc , 

DqMMit melting-room grains 

Surplus bullion 



Total deposits.. 

Redeposits: 

Fine bars 

Unparted bars... 
Mint bars 



6,005,803.610 

71,363.207 
143,087.110 



Coinage 
value. 



$40,950,958.77 
12,428,206.75 
58,356,712.25 



Silver. 



Standard 
ounces. 



997,805.20 

899,276.73 

16,007,976.87 



Coinage 
▼aloe. 



$1,161,062.81 
1,046,431.10 
18,627,45400 



111, 735, gn. 77 17,905,058.80! 20,834,977.41 



1,327,687.13 ' 
2,662,065.77 ! 



Total redeposits. . 
Grand total 



470,206.487 

3,387.664.874 

735,537.923 

333,190.357 

1,065.656 

690.152 



11,148,600.376 



3,415,458.062 

909,375.514 

2,082,922.028 



6.407,755.624 



17,556,365.000 



8,748,027.58 
63,026,323.23 
13,684,426.46 
6,198,890.17 
19,826.15 
12,840.07 



207,415,96438 



63,543,406.17 
16,918,61421 
38,752,037.73 



2,389.69 ! 

870,416.29 

122.67 

3,790.20 

9,851,801.76 

2,947,76449 
344,901.00 
149,971.50 
603,675.95 
1,075.49 
25,255.96 



32,796,723.80 



578,002.74 

218,203.13 

2,502,226.57 



119,214,058.11 I ,3.296,432.44 



326,630,042.44 I 36,005,156.24 



3,362.54 

1,012,848.00 

142.74 

4,410.42 

11,463,91477 

8,480,126.05 
401,330.85 
174,512.28 
807,186.54 
1,251.46 
29, an. 75 



38,168,460.31 



672,585.00 

80,14450 

3,065,446.37 



3,838,175.87 



42,001,636.18 



Deposits of Gold at United States Mints and Assay Offices sinob 1873. 



1 
Fiscal 1 




year 

1 . f. 


Dompatk^ 
00] a. 


Forelpi 
biilttoa. 


1 Jvwvien^ 

Foi*lgn ooUi. bars o^d 
plate, etc 


T^ 


1873 t2S.Wf8,5e0.7S 

1874 29.73tt.387.82 

1876 ■ 34 3i», 12452 

1876 37,300,539.39 

18n 43,47Bit€a.0l 

1878 ; 48,075,133.76 

1879 1 3S,540,T06.» 

JSW. / 3ftffiJ,3m40 

J88J / 3S^81^(m.6^ 


327, 116, MS. 27 
6,375,3117.20 
1, 714, 31 L 50 
417,047.15 
447, 339. (Vl 
301, 02 L 70 
106,083.17 
309t328.£2 
44^776.07 


$4^,107.44 
3,163,519.93 

1,141,906.76 
I,9ai,l63.l2 
2.068,679.05 
U0e0,T96.8» 
2U200,997.23 


t5lR,542.l4 
9.313,882,4(7 
1,111.702.26 
2,111,063.80 
2,093,260.73 
l,Stft,46L09 
1,«IS,819.71 
40,<25,569.63 


•n43ia>25 

654353. M 
724«Z5-96 
1361,819,32 
637.911 25 
907,032.20 
937, 751, 14 
1,176,506.77 
l» 343, 430.93 


». ail, 30.00 

41,Ma,ffl5,« 
«,7»7,77&n 
a, 069, 217. » 
42.3&41M^« 



DIRECTOB OP THE MINT. 289 

Deposits of Gold at Unttbd States Mints and Assay Offices since 1873 — Con. 



Flac&t 


Character of gtild deposited. 




year 

ended 

Jimeao- 


Domestic 
bollton. 


Domffitlc 
coin. 


Foreign 

bnllioQ. 


FOFeLgTl DOlQ. 


ban, old 
plate, 1^, 


ToUI. 


1883 

1883 

WM<, 

JS:::::;: 

im 

1888....... 

1^.,....- 

law 

lasK. 

1809^.,.... 

laoi....... 

18M,,.,.,. 

1805 

1896 

18B7 , 

1803..>.... 

1800 

1009 

1901. 

lOffll 

1003 

1954 

1005.„..., 

looe 

190? 

1908....... 


131,298,511.97 
32,481,642.38 
29,079,596.33 
31,584.436.64 
32,456.493.64 
32,973,027.41 
32,406,306.59 
31,440,778.93 
30,474,900,25 
31,555, Uft. 85 
31,961,546.11 
33,^,167.94 
38,606,951,40 
44^371,040.83 
£3,910,957.02 
6l),eia239,77 
«9,8&1, 120.57 
76,252,487.23 
87,458.836.23 
92,929,695.86 
94,622,078.3^ 
96,514.298.12 
87,745,626.63 
101,618,315.38 
103,838,268.01 
114,217,462.44 
111.735,877.77 


t909,356,80 

374,129.23 

263,117.17 

325,210.97 

393,545.28 

516,984.63 

492,512.60 

585,066.87 

655,474.96 

583,847.16 

557,967.86 

793.470.43 

2,093,615.46 

l,m25A.2l 

1,670,006.53 

1,015,31139 

1,117,682.00 

1,158,397.57 

1.389,006.68 

1,116,170,86 

1,488,448.16 

060,097.05 

0,159,818.57 

3,404.066.63 

1,514,291.19 

2.754,283.29 

3,989,772.90 


112,783,807,04 

4,727,143.22 

6,023,734.45 

11,221,846.45 

4,317,068.27 

22,571,328.70 

21,741,043.44 

2,136,516.65 

2,601,932.29 

4,0&4,8£L86 

10,035,15169 

2,247,730.78 

15,614,118.19 

14,108,435.74 

6,572,390.14 

9,371,521.03 

36,477,370.06 

30,336,559.47 

22,720,150.22 

27,189,650.12 

18,189,416.90 

16,331,058.92 

36,802,224.39 

17,645,526.82 

36,317,864.38 

36,656,545.85 

71, m 350. 81 


130,304.810.78 
6,906,083.80 
9.095,461.45 
7,893,217,77 
6,673,565.04 
9. 896, 512.28 

14,596,885.03 
4,447,476,99 
5, 298, n3. 93 
8,256,303.80 

14.040,187.70 
6, 293, 296, 33 

12,35W,406.S1 
2,278,611.07 
3,227,409.06 

13,188,013.86 

47,210, on.e4 

32,78.M52.48 
18,834,495.53 
27,900,489.13 
13,906,162.21 

8,950,695.28 
46,152,789.87; 
15,141,678.08 

6,648,511.63 
17,221,251.40 
13,684,426.46 


11,770,166,36 
1,858,107.42 
1,864,769.26 
1,869,363.26 
2,069,077.00 
2,265,219.85 
2,988,750.90 
3,526,597,31 
3,5^,013.^ 
4,035,710.15 
3,636,603.68 
3.8.%, 176, 02 
3,118,421.45 
3,213,809.43 
3,388,622.06 
2.810,248,66 
2.936,943.37 
2.964,6S3.90 
3,517,540.93 
3,959,656,64 
4*284,724.22 
4,247,581.64 
4,802,930.88 
5,568,482.95 
4.790,558,31 
5,731,111.55 
6,231,547.01 


»6^, 756, 652. 95 
46,347,106,66 
46,326,678.66 
52,894,07.1,09 
44,5KI9,749.^ 
68,223,072.87 
72,225,497.56 
42,136,43.^76 
42,663,015.26 
48,485,800.82 
61,131,4110.04 
46,449,841.50 
71,909,513,31 
65,161,067.28 
68,769.383.81 
87.0O3,:«7 71 
147.693,194.83 
143. 497, IPO. 65 
133,920.119.59 
JS3, 10J,6!^.61 
l32,.iaO,H9.S8 
127,004,442.91 
177,753,384.34 
143,378,969.86 
153, 10», 49.1 52 
176,580,651.^3 
207.415,974.96 


Total. 


l,947,611,97eL73 [ 70,351.757.98 


661,071,401.22 ;60a. 167, 420. 18 


102,951,967.42 ,3,188,154.532.53 



Deposits of Silver at United States Mints and Assay Offices since 1885. 





Chancto-ofsitver depooited. 




Fiactti year 
end*HlJ«inj30— 


Domestic 
buUioQ. 


cola. 


bniilnfi. 




Jewelcn^' 
bars, old 

plate, ete. 


Total. 


1^85 


Fine <ww«, 

24.943,394 

25,101,039 

29.29:^372 

28,921,649 

29,flOtl,3S7 

29.187,135 

50,607,116 

56,817,548 

56,976,082 

15,296,815 

6,809,626 

4,420,770 

3,914,985 

2,116,000 

5,,'i84,912 

4.977,9iS 

2,466,749 

1,425,060 

12^523,630 

0,991,187 

4,983,655 

2,398. in 

3t^38S,l63 

16,114,563 


Fine tmncts. 

078,741 

216,015 

5,848,685 

1.302,177 

394,346 

466,302 

637,652 

5,036,246 

5,340,912 

5,012,060 

3.015,905 

3,170.768 

2,208 053 

1,243,050 

6,060,986 

3,587,993 

2,613,570 

2,275,000 

»2, 511,911 

6 2,072.307 

rf 1,337,242 

/ 900, 801 

770,269 

786,065 


Ftfte mtnet^. 

1,627,619 

1,145,017 

1,127,213 

1,200,390 

1,063,000 

1,852,155 

1,767,908 

1,55<>.61& 

1,738,711 

994,901 

1,362,141 

680,757 

626,085 

209,987 

716,077 

1,088.019 

1,306,149 

1,152,003 

1,110,463 

1,361,701 

1,906,410 

3, 165, 170 

2, 552, OKI 

2,903,399 


867,856 

t^,545 

271,166 

67,549 

328,276 

951,162 

1,970,912 

349,662 

505,171 

422,725 

15,291 

150,942 

101,157 

6,808 

19,382 

44,704 

4,250,196 

29,266 

21,860 

e 4,0^9, 100 

* 7, 796, 761 

jn,348,991 

M,96a,40g 

i 9,005,007 


Ftneounctt. 
336,ftSl 
361,316 
396,656 
485,190 
602,223 
626,270 
63^4,073 
572,661 
582,728 
467,968 
580,125 
6CM,386 
473,755 
249,408 
484,751 
557,^1 
5e7,t\47 
575,430 
627,108 
662,015 
730,310 
632,544 
636,722 
648,007 


28,454,501 


IdWJ.. ............. 


27,452.632 


18S7..... 

1888. , 


36,936,992 
31,06fi,955 


1S» 

liBO...... 


31,895,1.?^ 
32,983, 024 


Si:::;:::;::::::; 


55,676,661 
64,ai2, 725 


iBoa 


6,S,149,^^ 


i»L....... ., ,. 


22,1^4.450 


law..,...,. 

1806..... 

1897 

1808..,. 

1800. 

1900. 

1001.......... 


11,7SE1,088 

9,027,623 

7,324,935 

3,826,003 

12,866, lOS 

10,256,^4 

11,204,311 

5,456.868 

16,794,081 

18,116,400 

16,703,378 

8.506,377 

29,ai0.5(j0 


1908...,. 


1003.......... .,„ 


1904 

iOOQ .,„„ 


i!B:::.::::::::::: 


1007.... 


1006 


29,517,061 




Total 


444,867,966 


57,454,055 


34,364,816 


38,155,800 


12,894,155 


587,736,883 



a Includes 461 ,{j86 fine Diuioes Hawaiian coin. 

ft Indudes 148.71^ flA^! ouirnes Hawaiian coin. 

clndudes '3,901 fine oijno»'S Philippine special assay coins. 

'Indudes 3.647 firui putio .-; Hawaiian coin. 

< Includes 3,456 fim^. ounct^s Philippine special assay coins. 

/Includes 3,.sti5 fiiie uudcixs Hawaiian ocnn. 

9 Includes 2.663 fine ounces Philippine special assay coins. 

* Includes 4.6t^).7ni fmn euaces Philippine coins. 

* Inchi d es 3,4 1 1 fhio ounoes Philippine assay coins and 8,866,622 fine ounces Philippine coins foe ctiiQii^&aas^ 

58716— Fi 1908 10 



290 



REPOBT ON THE FINANCES. 



COINAGE OF THE UNITED STATES, FISCAL YEAR 1908. 

The domestic coinage was as follows: 



Gold 

silver, subsidiary 

Nickels, 5-cent pieces. 
Bronze, 1-cent pieces. . 



Total. 



Denomiiiation. 



Pieces. 



10,964,878 
60,166,063 
22,686,002 
81,170,812 



184,007,755 



Value. 



$197,288,877.50 

16,630,477.25 

1,134,300.10 

811,706.12 



215,714,882.97 



Of the subsidiary coinage made during the year, $832,414 were 
from imcurrent domestic com received from the Treasury for recoinage 
and $15,698,063.25 from silver bullion purchased imder the provisions 
of section 3526 of the Revised Statutes. 



RECOINAGE OF STANDARD SILVER DOLLARS. 



There were purchased as bullion and melted at the mints and assay 
offices 1,170 mutilated silver dollars during the fiscal year 1908, 
which were for use in the manufacture of subsidiary silver coins. 



Fiscal year. 



1883 


1621 


1884 




1885 


1,850 


1886 


1887 


8,292 


1888 ... 


14,055 
31,042 
11,977 
10,800 
42,881 


1889 


1800 


1801 


1892 


1803 


10,500 


1894 


15,055 


ISftT* 


18,580 


1896 


2,034 







Amount. 



Fiacalyear. 



Amount. 



1897 $1,896 

1898 1,365 

1899 1,734 

1900 1 1,341 

1901 ' 1,786 

1902 1,893 

1903 1,777 

1904 1,304 

1905 2,206 

1906 900 

1907 ! 1,548 

1908 1,170 

Total ! 186,710 



RECOINAGE OP UNCURRENT UNITED STATES COIN. 

The following table shows the face value of abraded subsidiary coin 
transferred and purchased for recoinage, the amount of new coin 
made therefrom, and the loss since 1891 : 



Fiscal year. 



1891 

1892 

1803 

1894 

1895 

1896 

1897 

1806 

1899 

1900 

1901 

1902 

1903 

1004 

1906 

1906 

1907 

1908 

Total 



Face value. 



1910,046.69 
7,118,602.78 
7,618,196.25 
7,184,472.17 
4,361,761.36 
4,627, 14L 46 
3,197.998.50 
6,109,772.32 
8,584,304.26 
5,261,070.35 
3,832,280.60 
3,333,437.06 
3,006,747.96 
2,828,384.90 
1,964,476.11 
1,414,963.90 
1,142,184.00 
1,162,962.06 



73,660,824.84 



Value of new 
coin produced. 



1861,680.41 
6,937,886.02 
7,381,289.58 
6,924,753.05 
4,161,820.73 
4,377,258.40 
3,048,861.64 
5,820,150.16 
8,096,485.18 
4,050,068.96 
3,613,021.50 
3,141,548.04 
2,829,800.71 
2,666,10121 
1,830,210.24 
1,322,884.27 
1,064,836.30 
1,066,601.04 



70,110,419.53 



Loss. 



848,366.28 

180,716.76 
236,906.67 
259,710.12 
199,040.63 
249,863.06 
149,136.86 
280,613.16 
485,819.06 
310,961.30 
219,280.10 
101,889.08 
178,857.27 
172,»0.60 
125,386.67 
82,120.61 
77,357.01 
76, 200. U 



3,644.406.81 



DIBEGTOB OF THE MINT. 



291 



The loss on the recoinage of $4,020,668.50 in worn and uncurrent 
gold coins was $30,895.61, and the net loss on the recoinage of 
$1^62,982.06 in worn and uncurrent silver coins was $76,290.12. 

The Treasury was reimbursed $6,404.09 loss on uncurrent gold coin 
transferred and $76,245.05 loss on uncurrent silver coin transferred 
for recoinage from the appropriations for this purpose. 

CoiNAOB OF Gold and SiLyEB of the United States since 1873, bt fiscal tears. 



I 



OoLd. 



Flscul j««ir- 



Flne ounces^ 



y&lQB, 



SUver. 



OODSiuned^ 



t>oliiui»coJn«d- 



coined. 



1B74. 

um. 

U7S, 
IfiSQ* 

isst. 

16BS. 

ma. 

1SB4. 

less. 






l«T, 



IflOK 






1,708^187 

1,623, m 
1,M6,007 
2p 132,3^3 
2,554,151 
1,0K2,TI2 
3,716,030 

4,325,375 
1,7:*S,«9 
1,351,250 
1,202, t^7 

1,0S3,27& 
1,372,117 
1,235,687 
1,065,30;; 

1,717,650 
1,4S3,QP« 

4,si2,cn§ 

3,t25,2S2 
2,S4S,247 
3,465,900 
3,126,712 
5, 233.071 
5,221,458 
4,792,304 
2,008,313 
2.211,791 
10,OOJ,QZO 
3,S«9,2U 
3,563,D7fi 
4.27t>.70l 
e,541,40tt 



t3£,24»,S37.00 
50,4-l2je90.00 
3;{, 553, 965^00 
3^,178,963-00 
44,078, IBB, 00 
5Z,79$,9fi0>0a 
40,086,915.00 
."56,157,735,00 
78,733,864.00 
80,413,447.00 
35,036,028.00 
27,032,821.00 
24,861,123.00 
34,077,380.00 
23,393,279100 
28,364,171,00 
2S. 54;^, 010. 00 * 
22,021,748,00 
24,172,203.00 
35,506.087.00 
30,038,140.00 
90,474,013.00 
43,033,475.00 
5^,878,490.00 
71,§46.7iEa.O0 
64,634,865.00 

108,177,180.00 

107,037,110.00 
»9,0(i,'i, 715,00 
61,080,572.00 
45,721,773.00 

308,618,642.00 
79,983.fl02:€0 
53,002,007,50 
7^,623,337.50 

107, 23a, 3n, 50 



2,179,^3 

4,558,520 

7,550,005 

14,22B,851 

21,230,880 

2l,623,7tia 

21,050,046 

21,611,294 

21,383,020 

21, 488, 148 

2Z,26t(,171 

22,220.702 

22,20&,827 

23.211,22G 

M, 525^276 

26,331.176 

26,^^3 

28,430.002 

as, fi»8,fl27 

11,250,86S 

fl,3,S3,787 

4.358,290 

6,810,196 

S,65E,3S4 

18,t'briO,6S3 

12,421^024 

m««stt70 

23,404,817 

26,?2iJ,fl41 

22,75<>.78l 

19,7(1,5,163 

13,30f^,8D4 

6,600,008 

2,905,340 

9,385,454 

11^057,734 



»77,150 
3,588,900 
5,ti&7,500 
6,133,050 
0,163,000 
19,051,510 
27,227,500 
27,033,750 
27,637,055 
27,773,075 
2g,in,119 
28,09^,930 
28,5^,552 
29,838, 90iS 
33,2136,831 
32,718,673 
33,793,800 
3,'i,923,»16 
36«232,802 
8,329,487 
6,343,715 
758 
3,056,011 
7,500,822 
21,203,701 
10,002,780 
18,254,700 
18,294,984 
24,208,850 
19,402,800 
17,072,785 
10,101,650 
310 



11,968,645.50 

2,394.701.:^ 

4,372,868,00 

12,004,452.50 

10,387,0135.00 

8,330,311.50 

382,50 

8,eiS7.50 

13,011.75 

11,313.75 

724,a?M5 

673,457.80 

330.407.65 

18;^, 442.95 

1,090, W2. 75 

1,417,422.25 

731.<i8(V40 

882,020.70 

2,039,218.35 

6,650,8ll.ei0 

7,217,320.90 

fi,024, 140.30 

5,113,409,60 

3,030,819.20 

3,124.085.65 

ti, 482, 804. 00 

9,41)6.877.65 

12,870,849.15 

10,066,648,50 

10,713, 5<^. 45 

8,023,751,25 

7,719,231.00 

9,133,660,60 

4,016,3*58.10 

12,974.534,25 

16,530,477.25 



ToUl ........ 1 107,354^078 2,210,358,729.50 



013,848, 141 



607,250, 130 



108,534,^.84 



COINAGE FOR PHILIPPINE ISLANDS. 

Tlie following coinage was made during the fiscal year 1908 for the 
Philippine government: 



Denomination. 


Made at 

Philadelphia 

mint. 


Made at 
SanFran- 
dsoomint. 


Total. 


SUver: 

Pesos 


Pieces. 
501 
601 
601 
601 

600 

500 
500 


Pieces. 
10,128,000 
2,106,000 
2,736,000 
4,0»,0U 


Pieces. 

16,128,601 
2,106,601 
2,736,601 
4,034,412 

600 


50 oentayos 


20 oentavoe 


10 oentayos 


Nickel: 

5 oentavos 


Branie: 

I oentavo 




600 


1 oentavo . . - . . 




500 








Total. 


3,504 


25,001,011 


25,005,416 





292 



BEPOBT ON THE FINANCES. 



The total coinage made for the Philippine government, under 
authority of the act of March 2, 1903, to June 30, 1908, is as follows: 





Made at 

Philadelphia 

mint. 


Made at 
SanFtan- 
dsoomint. 


Total. 


silver: 

Pmo0 


Pimiet. 

2,806,860 

4,317,644 

6,618,840 

6,618,830 

10,000,384 

37,845,784 
17,753,384 


Pieut. 

45,800,000 
6,125,000 
6,625,000 

12,703,011 


PUcet. 
48,606,860 


50 oeatavos 


10,442,644 


20 oentayos 


13,243,840 


lOoentavos 


10,412,750 


Nickel: 

5 oentayos 


10,000,384 


Bronze: 

1 oentavo 




37,845,784 


joentavo.. . 




17,753,384 








Total 


85,061,734 


71,433,011 


157,305,646 



RECOINAOE OF PHILIPPINE COINS. 



Under the act of June 23, 1906, which provides for the recoinage 
of Philippine silver coins of a reduced fijieness and weight, there 
were received at the mints and melted for recoinage up to June 30, 
1907, the following: 



Denomination. 


Pieces. 


Standard 
ounces. 


Peso 


15,128,000 
2,850,000 
2,215.000 
3,690,000 
310 


13,106,334.00 


50centavos 


1,233,414.16 


20 oentavos 


'382^464.86 


10 oentavos 


318,665.80 
78.15 


Mixed Philippine coins - 








Total 


23,883.310 


15,042,807.06 







WEIGHT AND FINENESS OP PHILIPPINE COINS. 

The weight and fineness of the Philippine silver coins authorized 
under the act of March 2, 1903, and of tne reduced weight and fine- 
ness authorized imder the act of Jime 23, 1906, are as follows: 





Act of March 2, 1003. 


Act of June 23, 1006. 




Weifditin 
grains. 


Fineness. 


Weight in 
grains. 


Fineness. 


Peso ... ... 


416.00 

206.00 

83.10 

41.55 


000 
000 
000 
000 


306.640 
154.320 
61.728 
30.864 


800 


50 oentavos 


750 


20 oentavos 


750 


10 oentavos 


750 







COINAGE FOR MEXICO. 

The mint at Denver coined during the fiscal year 1908, for the 
Mexican Government 1,397,291 silver 50-centavo pieces. 

BECOINAOE OF HAWAHAN SILVER COIN. 

There were transferred from the Treasury to date for the purpose 
of recoinage Hawaiian silver coins of the fece value of $828,624.50, 
producing $854,351.75 in domestic subsidiary silver coins on which 
tiere was a gain of 425|727.25. 



DIBECTOR OF THE MINT. 



293 



BABS MANUFACTUBED. 



During the fiscal year 1908 there were manufactured by the mints 
and assay offices of the United States gold and silver bars of the value 
as follows: 



Demiption. 


Standard 
ounoes. 


Value. 


Qoldban 


8,740,825. gao 

8,041,326.040 


$102,620,352.65 


Silver ban 


01357^170.28 






Total 




171,077,631.98 







WOBK OF THE OOVEBNMENT BEFINEBIES. 

There were received and operated upon by the refineries connected 
with the mints at Philadelphia, San Francisco, New Orleans, and 
Denver, during the fiscal year 1908, gold and silver bullion as shown 
by the following table: 





Gold. 


Silver. 


InsUtutioii^ 


Standard 
ounces. 


Value. 


Standard, 
ounoes. 


Coining value. 


Philadelphia 


2,465,453.361 

1,073,401.250 

35,147.107 

1,387,352.785 


$45,868,800.74 

10,071,030.22 

653,001.34 

25,811,214.00. 


3,108,005.55 

237,018.86 

81,265.07 

1,616,422.61 


03,721,420.27 




275,803.76 


Ni^nrkapff. 


04,564.04 


Denvera 


1,880,028.13 


New Yoricfr 














Total 


4,061,444.503 


02,305,045.00 


5,132,802.00 


5,072,716.20 







SILVER BULLION ON WHICH CHAROE8 WERE COLLECTED. 

In order to show the amount of the above-mentioned silver buUion 
treated by the government refineries on which char&|es were received 
and the amount handled for parting purposes, the following table is 
presented: 



Institution. 


SUver bullion 

charges were 
colSBCted. 


SUver buUion 
owned by the 
Oovemment 
retained by the 
refinery lor 
parting pur- 
poses on whicdi 
there were no 
charsBs. 


Total. 


Fhfladttlphia 


8t4mdardot. 
2,615,27&52 

227,537.34 
21,427.33 

604,330. 17 


Standard <a, 

582,817.03 

0,481.62 

50,838.64 

1,006,027.66 


Standard or. 
3,108,006.55 
237,018.86 
81,265.07 


(fhwi FrancUwo . , - 


N^w Orl^^ftnff . 


Denver a 


1,611,266.83 


New Yorkfr 










Total 


3,468,582.36 


1,650,064.85 


6,127,647.21 





a For period April 1, 1907. to June 30. 1008. 

b Refinery operations suspended during reconstruction of building. 



294 



REPOET OIT tHfi FIITANCE6. 



PURCHASE OP SILVER. 



The table following shows the amount and cost of silver bullion 
purchased for the subsidiary silver coinage during the fiscal year 1908 : 



stock. 



standard 



Cost. 



silver bulUon purchased under section 3526, United States Revised Stat- 
utes, at the Treasury Department 

Silver bullion purchased under section 3526, United States Revised Stat- 
utes, at mints 

Parting charges and fractions purchased — 

Meltedassay coins purchased 

M u ti lated coins purchased 

Surplus bullion purchased 

Total 



15,252,207.06 

525,126.56 

3,012,532.35 

3,810.70 

2,235.36 

25,503.49 



18,821,514.50 



S7,990,855l87 

273,407.60 

1,632,306.82 

2,241.25 

1,176.09 

13,047.77 



0,923,026.00 



Quantity and Cost op Silver Purchased for Subsidiary Coinage at each 
Mint and at the Assay Office at New York during the Fiscal Year 1908. 



Institution. 



llhit at PhUadelphia 

Mint at San Francisco. . . 

Mint at New Orleans 

Mint at Denver 

Assay office at New York 

Total 



Standard 



4,666,213.37 
3,065,315.38 
4,485,579.01 
4,367,265.80 
2,237,139.96 



18,821,514.50 



Cost. 



t2,4S3,58a05 
1,612,864.04 
2,412,158.07 
2,277,463.25 
1,166,960.00 



9,023,026.00 



Quantity and Cost of Silver Obtained by Transfer and Purchase for Sub- 
sidiary Silver Coinage, Amount and Cost Used in Coinage, Coinage Deritbd 
Therefrom, and Seigniorage on Same during the Fiscal Year 1908. 



Sources from which 
bullion was obtained. 



Obtained by transfer 
and purchase. 



Standard 
ounces. 



Cost 



Used in coinage. 



Standard 
ounces. 



Cost 



Coinage. 



Selgnlofifa. 



MINT AT PHILADB LPBU. 

Silver bullion on hand 
July 1,1907 

Uncurrent coins trans- 
ferred from Treasury. . 

Amount silver purchase 
bullion transferred 
from New York assay 
office 

Amount silver pur- 
chased under secftlon 
3526, Revised Statutes 
of the United States, 
by Treasury Depart- 
ment 

Amount silver pur- 
chased under section 
3526, Revised Statutes 
of the United States, 
at mint 

Partings, charges, and 
firactlons purchased. . . 

Melted assay coins pur- 
chased 

Mutilated coins pur- 
chased 

8un>h2s bullion pur* 

Total , 



4,131,588.44 
745,663.00 



$2,844,808.50 
927, 73a 01 



502,363.75 



$737,000.00 



1737,000.00 



109,835i84 114,455.61 



2,109,732.97 

206,226.24 

2,345,480.25 

3,801.12 

1,948.84 

23.96 



1,076,583.35 

102,410.27 

1,271,315.22 

2,222.67 

1,028.04 

11. 



2,970,228.50 



1,724,142.40 



3,6B6,463.2Stl,07l,aaOl86 



9,743,300.65 6,340,575.16, 3, 562, 502. 34j2, 461, 142. 40 4,432,463.25 1,971, 



DIBECTOB OF THE MINT. 



295 



Quanutt and Cost of Silver Obtained bt Transfer and Pitrchase for Sub- 
siDiART Silver Coinage, Amount and Cost Used in Coinage, Coinage Derived 
Therefrom, and Seigniorage on Same during the Fiscal Year 1908 — Cont'd. 



Sources from which 


Obtained by transfer 
and purchase. 


Used in coinage. 


Cohiage. 


Seigniorage. 


bnlUoo was obtained. 


Standard 


Cost. 


Standard 
ounces. 


Cost. 


MINT AT PHILADBLPHIA— 

continued. 

Used in c<rinage, fiscal 
Tear 1906 


3,562,502.34 


82,461,142.40 










Silver pundiase bullion 
transferred to New 
York assay office 










Sold in sweeps 


3.049.86 


1,738.38 










Wasted by operatlye of- 
ficers 










Balance on hand June 
30,1908 


6,177,668.46 


3,877,694.38 




















Total 


9,743,300.65 


6,340,575.16 




















MINT AT SAN rHANCISCO. 

Silver bullion on hand 
July 1, 1907 


271,434.47 


l&rA'iT.OO 










Uncurrmt coin trans- 
ferred from Treasury. . 


1 
78,688.99 95.414.00 


76,688.99 
1,442,329.38 


195,414.00 
774,42461 


195,414.00 
1,794, 50a 00 




Amount silver pur- 
chased under section 
3526, Revised Statutes 
of the United States, 
by Treasury Depart- 
iiMint 


2,746,90a09 

306,765.41 

76.70 

12,673.18 


1,435,079.87 

170, 43a 67 

36.81 

7,308.79 




Partinfs, charees, and 
fjractions purchased . . . 

Mutilated coins pur- 
d»ft9«d 


11,020,075.30 


Surphis bullion pur- 
chatml 








Total 


3,413,43&84 


1,871,836.03 


1,519,01&37 


860,838.61 


1,880,914.00 


$1,020,075.39 




Used in coinage, fiscal 
year 1908 


1,519,018.37 

3,609.30 
7,326.16 

10,384.28 

1,873,101.64 


860,838.61 

1,926.73 
4,360.10 










Assay coins transferiBd 
r Philippine) to Phila- 




















Wasted by operative 
officers 


5,647.57 
990,056.02 










Balance on hand June 
30,1908 






















Total 


3,413,438.84 


1,871,836.03 




















MINT AT NEW ORLEANS. 

saver bullion on hand 
July 1, 1907... 


691,060.92 
48,064.30 

4,393,926.21 

71,055.53 

20,420.73 

160.40 

17.04 


482,228.53 
50,800.05 

2,360,984.43 

40,203.41 

10,875.94 

85.36 

&93 










ferred firom Treasury. . 










Amount silver pur- 
chased under section 
3526. Revised statutes 
of the United States, 
by Treasury Depart- 
ment 


4,185,206.63 


2,310,586.31 


5,207,10a00 




Amount silver pur- 
chased under section 
3526. Revised Statutes 
of the United States, 
atriint 


2,896,513.69 


Partincs, charns, and 

fjracnons purchased. . . . 

Mutilated coins pur- 

AhAMW^ 




Surplus bullion pur- 








Total 


5,224,705.13| 2,954,186.65 


4, 186,206. «a>:2,«tfi,Wfc.^\\ I»,*Kn ,V5ft.^^^;^,^;2 



296 



BEPOBT ON THE FINANCES. 



Quantity and Cost op Silver Obtained by Transfer and Purchase fob Sub- 
sidiary Silver Coinage, Amount and Cost Used in Coinage, Coinage Derived 
Therefrom, and Seigniorage on same during the Fiscal Year 1908 — Cont'd. 



Sources from which 
bullion was obtained. 



MINT AT NEW ORLEANS— 

continued. 

Used in coinage, fiscal 
year 1908 

Transferred to Philadel- 
phia mint 

Sold in sweeps 

Wasted by operative 
officers 

Balance on hand June 
30,1908 



Total.. 



MINT AT DENVER. 

Silver bullion on hand 
July 1,1907 

Uncurrent coins trans- 
ferred from Treasury. . . 

Amount silver pur- 
chased under section 
3526, Revised Statutes 
of the United States, 
Dy Treasury Depart- 
ment rv... 

Amount silver pur- 
chased under section 
3628, Revised Statutes 
of the United States, 
at mint 

P^ings, charges, and 
fractions purchased. 

Mutilated coins pur- 
chased 

Melted assay coins pur- 
chased.... .... 

Surplus bullion pur- 



Total. 



Used in coinage, fiscal 
year 1908 

Transferred assay coins. 

Sold in sweeps 

Wasted by operative 
officers 

Balance on hand June 
30,1908 



Total. 



ASSAY OnCE AT NEW 
YORK, N. Y. 

Silver bullion on hand 
July 1, 1907 

Amount silver pur- 
chased under section 
3526. Revised SUtutes 
of the United SUtes. 
by Treasury Depart- 
ment 

Partines, charges, and 
fractions purchased . . . 

Surplus bullion pur- 
diased 



Total. 



Transferred to Philadel- 
phia mint 

Sold in sweeps 

Balance on nand June 
30,1908 



Total. 



Obtained by transfer 
and purchase. 



Standard 
ounces. 



4, 185, 206. 63 <2, 310, 586. 31 



94.25 
3,403.41 

4,955.53 

1,030,955.31 



5,224.705.13 



689,169.79 



4, 006, 64a 05 

248,844.78 

I00,ll&93 

49.42 

18.58 

11,506.13 



5,056,435.68 



4,019,55175 

18.58 

1,822.04 

5,063.29 

1.029,978.02 



Cost. 



51.36 
1,791.17 

2,539.00 

639,21&72 



2.054.186.65 



428,12&96 



2,087,360.83 

130,874.92 

53, 25a 45 

2&58 

1&58 

5,932.89 



2,705,50a21 



Used in coinage. 



Standard 
ounces. 



Cost. 



Coinage. 



Seigniorage. 



4,019,653.75 



4,019,55175 



2, 175, 49a 58. 

18.58. 

998.41:. 

2,688.18. 

526,488. 4&. 



12.175,496.58 



$5, 001, OOa 00 12, 825,5031 42 



2,175.496.58 



5,001,00a00 2,82S,503L42 



5,056,435.68 



2,705,50a21l. 



612,808.60 



1,996,097.73 

239,749.03 

1,29119 



368,783.73 



I 
1,039,847.39. 

126,426.64' 

685.66. 



2.849,948.55 1,635.74142. 



2,381,626.39: 1,297.947.35. 
3,222.141 1.868.36. 

465,100.02 235.927.71. 



2.849.94&55| 1,635,74142. 



DIBECTOK OP THE MTNT. 



297 



QUANTITT AND C08T OP SiLVBR OBTAINED BY TRANSFER AND PURCHASE FOR SUB- 
SIDIARY Silver Coinage, Amount and Cost Used in Coinage, Coinage Derived 
Therefrom, and Seigniorage on Same during the Fiscal Year 190&— Cont'd. 



SouiOM from which 


Obtained by transfer 
and purchase. 


Used in coinage. 


Coinage. 


Seigniorage. 


boUion waa obtained. 


Standard 
ounces. 


Cost. 


Standard 
ounces. 


Cost. 


8UMMABT. 

Silver bullion on hand 
July 1,1907 

Unourrent ooins tiana- 
ferred from Treasury. . 


6,396,062.22 
870,416.29 

15,252,297.05 

525,126.55 

199,835.84 

3,012,532.35 

3,819.70 

2,235.36 

25,503.49 


$4,287,505.80 
1,062,944.06 

7,999,855.87 

273,497.60 

114,455.61 

1,632,306.82 

2,241.25 

1,176.69 

13,947.77 










669,052.74 
12,617,31&35 


1832,414.00 
6,984,649.90 


1832,414.00 
15,606,063.25 




Silver bullion purchased 
under section 3526, Re- 
vised Statutes of the 
United States, by 
Treasury Department. 

saver bullion purchased 
under section 3526. Re- 
vised Statutes of the 
United States, atmlnt. 

Silver purchase bullion 
transferred from New 
York assay office to 
Philadelphia mint 

Partlncs oharves, and 

Melted assay ooins pur- 
chased 


18,713,413.36 


Mutilated coins pur- 
fhanml 




Surplus bullion pur- 








Total 


26,287,828.85 


15,407,931.47 


13,286,371.09 


7,817,063.90 


16,530,477.25 


8,713,413.36 






Assay coins transferred 
toPhUadelphiamlnt.. 

Used in coinage, fiscal 
year 1907.77!:.. 


3,627.97 
13,286,371.00 

2,381,626.39 

94.25 
18,912.61 

20,403.10 

10,576,793.44 


1,944.31 
7,817,068.90 

1,297,947.35 

51.36 
10,765.42 

10,774.84 

6,269,384.29 


















Subsidiary sUver pur- 
chase bullion trans- 
farredfh)m New York 
•■ay office to Phila- 
delpniamint 










Sobsfdiary silver pur- 
chase bullion trans- 
New Orleans to Phila- 
delphia mint 










Sold In sweeps 










Wasted by operative 
officers 










Balanoe on hand June 
30,1908 


















Total 


26,287,828.85 


15,407,931.47 










1 





BALANCES OP SILVER BULLION. 



The balances of silver bullion on hand June 30, 1908^ at the 
mints and assay offices of the United States for the coinage of 
subsidiary silver coins and also for coinage for the Philippine Is- 
lands were as follows: 



Item. 



Standard 



Cost 



For^ubsidlary silver coinage 

Silver bullion for Philippine coinage 

Total 



10.597,364.48 
2,186.069.56 



16,278.891.63 
1,700,106.86 



12,783,434.04 



7,979,000.38 



288 



BEPORT ON THE FINANCES. 
RBDEP08IT8 OF SILVER BULLION — Continued. 



Bars manuflActured at— 


Unparted bars deposited at— 


Total. 


Philadelphia. 


SanFrancisco. 


New York. 


Helena. 


Seattle. 


Kaw Orl^nii >^ 


Std.ou. 
78.80 


Std. 018. 


8td.w». 


atd.ou. 


Std. (Hi. 


Std.ozM. 
7&80 


Denver 




2.46 






2.45 


New York 


2,313,025.20 








2,313,02&20 


Carson 


45,943.37 








45,943.37 


Boise 


26,431.84 

45,854.22 

1,766.58 

1,131.20 

67,658.95 


26l91 






26,458.75 


Helena. 




306.46 




46, 16a 68 


rhftriott*. 








1,766.58 


St. Louis 










1,131.20 


Dead wood 










67,658.95 


Seattle.. 


149,328.95 






.50 


149,329. 54 













Total 


2,456,946.79 


195,272.32 


29.36 


306.46 


.59 


2,661,555.52 







Recapitulation op Deposits and Purchases op Gold and Silver Bullion and 
Coin at the Mints and Assay Offices op the United States during the Fiscal 
Year 1908. 



Description. 



Gold. 



Standard 
ounces. 



Domestio bullion: 

Unrefined 2,201,114.213 

Refinery bars 668,016.113 

Refined. i 3,136,673.284 



Total domestic 6,005,803.610 

United States coin: 

Received over counter 71,363.207 

Received from Treasury 143,067.110 

Trade dollars, received over counter 

Philippine assay coins 

Philippine coins for reooinage 

Foreign bullion: I 

l^refined.* 470,206.487 

Refined abroad 3,387,664.874 

Foreign coin 735,637.923 

Jewelers' bars, old plate, etc | 333, 190. 357 

Deposit melting-room grains 

Surplus bullion 



(Coinage 
value. 



SUver. 



Standard 



$40,950,958.77 
12,428,206.75 
58.356,712.25 | 



997,805.20 

899,276.73 

16,007,976.87 | 



Coinage 
value. 



$1,161,082.31 

1,046,431.10 

18,627,464.00 



111,735,877.77 17,905,058.80. 20, 834, BH. 41 



1,327,687.13 
2,662,065.77 



Total deposits.. 



Redeposits: 

Fine bars 

Unparted bars. 
Mint bars 



Total redeposits. . 
Grand total 



1,065.656 
690.152 



11,148,609.376 



3,415,458.082 

909,375.514 

2,082,922.028 



6,407,765.624 



17,566,365.000 



8,748,027.58 
63,026,323.23 
13,684,426.46 
6,198,800.17 
19,826.15 
12,840.07 



207,415,964.38 



63,543,406.17 
16,918,614.21 
38,752,037.73 



2,889.69 

870,416.29 ! 

122.67 

3,790.20 

9,851,801.76 

2,947,764.49 
344,901.00 
149,971.50 
693,675.95 
1,075.49 
25,255.96 



32,796,723.80 



3,362.54 

1,012,848.00 

142.74 

4,410.42 

11,463,914.77 

8,480,126.05 
401,330.85 
174,512.28 
807,186.54 
1,251.46 
29,388.75 



38,168,480.31 



678,002.74 

218,203.13 

2,502,226.57 



672,585.00 

80,144.50 

3,065,446.37 



119,214.058.11 ; ,3.298,432.44 



3.838,175.87 



326,630,042.44 > 36,095,156.24 42.001,636.18 



Deposits of Gold at United States Mints and Assay Offices since 1878. 



Fiscal 



ended 
June 30— 



Character of gold deposited. 



I 



Domestic 
bullion. 



-t-j;^- 



Domestic 
ooin. 



Foreign 
bulUoo. 



Foreign coin. 



Jewelfis 
bars old 
plate, etc 



TotaL 



1873 $28,868,569.78 

1874 1 29,736.387.82 

1875 ! 34,266,124.52 

1876 37,590,529.89 

1877 43,478,103.93 

1878 i 48,075,123.76 

1879 38,549,706.89 

ISfiO. J 86,821,706.40 

JS81 / 85,S16,0»,66 



$27,116,948.27 
6,275,387.29 
1,714,311.50 
417,947.15 
447,339.68 
301,021.79 
198.063.17 
209,328.82 
440,776.97 



$426,107.44 

3,162,519.92 

739,439.66 

1,141,906.76 

1,931,163.12 

2.068,679.05 

1,009,796.89 

21,200,997.23 

37,771,472.26 



$518,542.14 
9,313,882.47 
1.111,792.26 
2,111,063.80 
2,093,260.73 
1,316.461.00 
1,496,810.71 
40,426,550.63 
65,462,885.74 



I 



$774,218.25 
654,353.56 
724,625.96 
681,819.32 
837,911.25 
907,932.20 
937.751.14 
1,176,505.77 
1,843,430.03 



4" 06 

> go 

-1 1, ;^^^. ..-...« 
i^^^7.^7y^ 

t2.254ao^ 80 

ms3a.<m,85 

130,1^10^46 



DIBECTOB OF THE MINT. 289 

Deposits of Gold at United States Mints and Assay Offices since 1873 — Con. 



Fiscal 


Chanrtsr of |^|d d^>Ofiltad. 




i'tid<!d 

juno so- 


Domestic 
biUlloa, 


DomAatEc 
coin. 


Foreign 
buUloa, 


Fopeign csln. 


bAr?,old 

ptBl«, «t0. 


Total. 


las!.,-,.,. 

ISBS.*..... 
tm 

SS:::::;; 

S990. 

189! 

i^m. ...... 

1803 

1894 

MBA 

W9ft...„„ 
1887....... 

MBS 

I»ft....... 

1900.,,..,. 

1»1 

1903.. 

10D3 

I904„„„, 

1905 

1906...,,., 
1907,..,-.. 
1908.,,.,., 


^l,2M^5U.97 
32,481,043.39 
29,079,590.33 
31,584,436.64 
32,456,493.04 
32,973,027.41 
37,406,306,59 
31,440,778.93 
30>47i90a35 
31,555,110.85 
31,961,546.11 
33,28M07.94 
39,006,951.40 
44,371,949.83 
53,910,957,02 
00,019,239.77 
69,891,130.57 
70,352,487.33 
87,459,836.23 
92, 929,005. Sft 
94, 622, 078. 3*1 
90,514,298,12 
97,745,026.03 
101,019,315,^ 
103,839,268.01 
114,217,463.44 
lll,736t977.77 


1599,350.80 

374,129.23 

263,117.17 

325,210,97 

393,545.39 

516,994,63 

493,513,00 

iS8S,900.S7 

055,474.9ft 

£83,947.10 

657,9«7,8ft 

792,470.43 

2.093.015.40 

l,lSg,25«.2l 

1,670,005.53 

1,015,314.39 

I» 187, 082,99 

1,168,307.67 

1,389,096.69 

1,110,179.80 

1,488,448.10 

900,907.95 

2,159,918.67 

3,404,900.63 

1,514,291.19 

2,754,283.29 

3,989,772.90 


tl2,7S3,80(7.O4 
4,727,143.22 
ft. 023, 734. 45 
11,221,846.45 
4,317,008.37 
22,571,328.70 
31,741,043.44 
2;, 130,516. 00 
3,001,933.39 
4, OH 922.80 
10,935,154.09 
2,247,730.78 
15,614,118.19 
14,109,435.74 
0,573,390.14 
9,371,521.03 
30,477,370.00 
30,336,659.47 
22,720,150,22 
27,189,069.12 
19,189,416,90 
1«, 331,068. 92 
30,802,234,39 
17,045,520.92 
30,317,86139 
30,050,545.85 
71, n4, 350. 91 


120,304,810.78 
ft, 900, 083, 80 
9,095,461.45 
7,893,217,77 
5,^73t505.O4 
9,896,512.28 
14,596,885.03 
4,447,475.99 
5,3916,773.93 
a, 250, 303. 90 
14,040,187.70 
0,293,290.^ 
12,380,406,81 
2,279,01407 
3,337,409.06 
13, 189,013.86 
47,310,077.94 
32,785,152.48 
18,834,495,53 
27,900,480.13 
13,990,103.21 
9,950,596.28 
40,152,783.97 
16,141,079.01 
0,648,511.03 
17,221,251.40 
13,684,420.46 


11,770, 100. 3B 
1,958,107.43 
1,804,709.26 
1,8IK»,363,26 
2,009,077.00 
2,305,219.95 
2,989,750.00 
3.520,597,31 
3,642,013.83 
4,035,710,15 
3,638,603.68 
3,830,170,02 
3,118,421.45 
3,213,809.43 
3.388,023.00 
2,810,248.66 
3.930,943.37 
2,964,683.90 
3,517,549,93 
3.950,656,04 
4i^,734^ 
4,247,582.64 
4, 992, 930. *a 
5, 558, 482. *5 
4.790,559,31 
5,731,111.55 
0,231,547.01 


Ifi'', 750, 652,95 
«},347,106.05 
40,336,67906 
52,«94,07,VO& 
44,909,749.23 
09,223,073.87 
T2,KJ5,497.56 
4lM36,iVp,76 
42,663,0;i5.26 
49,485,800.83 
01,13!, 4fW>. 04 
40,449.84L.'W 
7I,B09,513.31 
05,161,067,28 
58,769,383.81 
97r003,337.71 
l47.fS^,l94.S3 
143, 497, Itl0.i55 
133,9'JO, 110,59 
153, 101, 680. 61 
m,.'k^,839,^ 
127,004,442.91 
177, 753n 3H4, 34 
143,379,969.86 
153,109.403.52 
170,, "580,654 ."53 
207,415,97495 


Total, 


1,947,611,970.73 


70,351,757,98 


5ftl,0n, 401,22 


500,167,429.18 


102,951,967,42 


3,189,154,532.03 



Deposits of Silver at United States Mints and Assay Offices since 1885. 





Chanwlfir of ellTer dflpodtaiL 




Fiwal year 
ended June 30— 


Domestic 
buUioQ. 


Bomflsttc 
cola. 


FoiTlsn 
ImUlOQ. 


FoTpIgn 


b«TB,^d 
plate, etc. 


Total. 


1^85.... 


tine ounces. 

24,943,304 

25,101,639 

29.293.372 

28,021,640 

29,600,;i87 

29,187,135 

50.607,110 

56,817,548 

56,970,0^ 

15,200,815 

6,809,620 

4,430,770 

3,914,986 

2,110,000 

6,594,912 

4,977,978 

2.400,749 

1,425,060 

12,533,630 

9,901,187 

4,9:S,656 

2,308,871 

20,389,163 

10,114,663 


FHtounca. 
679,741 
310,015 
5,848,585 
1,303, in 
394.346 
400„103 
037,652 

5,o;$e,24a 

5,340,912 

5,012,060 

3,015,905 

3,170,708 

2,208 953 

1,343,030 

6,000,086 

3,587,992 

3,013,570 

2,275,000 

(^ 2, 51 1,911 

6 2,072,397 

rf 1,337,243 

/ 900,801 

770,2*J9 

796,085 


Finefmnea. 

1,027,619 

1,146,017 

1,127,213 

1,290,390 

1,003,900 

1,852,155 

1,707,908 

1,550,618 

1,738,711 

994,001 

1,302,141 

080,757 

020,085 

309,987 

710,077 

1,(B8,019 

1,300,119 

1,153,033 

1.110,463 

1,301,701 

1,900,410 

3,l0i,m 

2,552,003 

2,903,399 


867,950 
628,545 
271,100 
07,549 
328,376 
951,163 
1,970,012 
349,652 

605, m 

422,735 

15,291 

150,943 

101,167 

6,809 

10,382 

H704 

4,250,190 

29,265 

21,869 

e 4,039,100 

* 7, 796,761 
71,348,901 

* 4,963,403 
'0,005,007 


336,081 
361,316 
396,056 
485,190 
502,223 
630,270 
633,073 
573,061 
682,728 
407,958 
580,125 
004,385 
473,766 
249, «8 
494,751 
557,831 
507,647 
675,4.10 
027,108 
662.015 
7^,310 
032,544 
036,722 
049,007 


2R, 464, 501 


1>JH0 


27,452,^2 


im . 


.16. 93iT, 902 


1B8I..,.,.., , 


31,9fi(i,9S5 


mm 

uoo 


.:J1,K05,132 
32,993,024 


i»i...,. ---- 

IMS 

§jm 


56,076.601 
64:332,725 
65,149,004 


MM-,- 

I8BS.. .., . 


22,194.450 
11,7K;^08S 


I«W 

1007- ,.., 

ifloa. 

1900.., 

19G0. 


9,027,023 
7,321,935 
3,926.003 
12,906, loa 
10,256,524 


190U.,... . 


11^204,311 


1902 


5,456,868 


1903.. . 


UK 7SM, 9W1 


1904 


18,116,400 


1905. ....... 


16,703,379 


1906 


8,500,377 


1907.., ,, 


29,310,560 


1908......... 


29,517,061 






Total 


444,867,900 


57,454,055 1 34,304,810 


38,155,690 


13,894,165 


597,730,883 



a Includes 461,686 fine oonoes Hawaiian coin. 

^ Includes 148.788 fine ounces Hawaiian coin. 

c Includes 6,901 fine ounces Philippine special assay coins. 

' Includes 3,647 fine ounces nawaOan coin. 

< Includes 3,456 fine ounces Philippine special assay coins. 

/Indudes 3,896 fine ounces Hawaiian ocrtn. 

Includes 2,668 fine ounces Philippine special assay coins. 

* Includes 4,680,791 fine ounces Philippine coins. 

i Inetndes 3,411 fine ounces Philippine assay coins and 8,866,622 fine ounces Philippine coins for xeoQlnaiQ^. 

58716— Fi 1908 10 



300 REPORT ON THE FINANCES. 

Appropriations and Expenditures for the Fiscal Year 190S— Continued. 

EXPENDITURES. 



iQStitutioii. 


Salaries. 


• Wages of 
wiMrkmeiL 


Contingent 
expenses. 


Partlnxand 
reflmiig 
bullion. 


TotaL 


PhllA/lAlphlA 


$43,550.00 
40,569.18 
27,226.10 
36,861.11 
41,726.11 
5,393.34 
5,450.00 
3,400.00 
2,750.00 
3,000.00 
3,200.00 
9,218.88 


$447,530.48 

283,822.26 

68,824.44 

150,872.14 

33,776.99 

4,058.00 

13,896.00 

8,160.00 

1,060.00 

276.41 

3,870.00 

27,92a 25 


$103,880.11 

96,765.08 

29,460.85 

49,608.27 

11,469.96 

1,998.76 

8,742.69 

2,353.88 

755.99 

515.21 

95a 39 

7,846.04 


$72,448.59 

141,767.22 

2,182.96 

70,475.59 

30,964.25 


$667,409. IS 


San Frsndsoo 


564, 928. M 


Naw OrfA^nS 


i27',094.M 


Denver 


807,817.11 


New York 


117,957.81 


Carson 


11,445.10 


Helena 




28, 09a 09 


Boise 




13,918.88 


Charlotte 




4,585.99 


St Louis 




8,791.62 


Dead wood 




8, 02a 89 


Seattle 




44,485.17 








Total 


222,344.72 


1,044,068.97 


310,842.18 


317,866.00 


1,895,134.47 










Philadelphia. 


San Francboo. 




Wages. 


Contingent 


Wages. 


Conttn^Bot 


Original appropriation 


$450,000.00 
18,847.16 


$100,000.00 
4.507.54 


$165.00a00 
136,7ia21 


$45, 09a 00 


Earnings during year 


66,688.89 








Total available 


468,847.16 
447,530.48 


104,507.54 
96,765.03 


801.7ia21 
283, 76a 88 


111,688.19 
96,765w08 


Expenditures 








Balance in appropriation 


21,316.68 
2,469.52 


5,742.51 
1,234.97 


17,949.83 


12,928.86 


Unexpended balance of original api 


>ropriation.. 




Earnings expended during year. ... 


118,760.88 


58,765.08 














New Orleans. 


Denver. 




Wages. 


Contingent 


Wages. 


Contin«nit 


Original appropriation 


$69,800.00 


$30,000.00 


$152,50a00 
5,487.53 


$55,ooaoo 

8,646.69 


EanilnKS ciurlnff ve^r - - 










Total available 


69,800.00 
68,824.44 


80,ooaoo 

29,460.85 


157,987.53 
150,872.14 


58,646.69 
49,606.27 


Expenditures 






Balance in appropriation 


975.56 
975.56 


539.11 
539.11 


7,115.39 
1,027.86 


9,088.42 
5,891.78 


Unexpended balancii of original appropriation.. 
Earnings expended during year 













EARNINGS AND EXPENDITURES OF THE REFINERIES OF THE OOINAOE 
MINTS AND ASSAY OFFICE AT NEW YORK, FISCAL YEAR 1908. 

The earnings of the refineries, amounting to $357,015.32, were 
deposited in the Treasury to the credit or the appropriation for 
"Farting and refining bulhon." 



DIBECTOB OF THE MINT. 



301 



The expenditures on account of ''Parting and refining bullion" 
during the fiscal year aggregated $318,183.10. showing a net gain 
of earnings over expenditures of $38,832.22, as snown by the following 
table: 

EA.BNINQ8 AND ExPENDrruBEs, Partinq AND Rehninq Buluon, Fiscal Year, 1908. 



InstltutioD. 



Charges 
collected. 



PhlliMielphIa ! l90,10S.n 

SanFnncisoo 82,129.40 

NewOrleans 3,46a21 

Denver 34,632.46 

New York 107,095.77 

Total I 317,512.05 



Surplus 
buUlon. 



S3, 149. 27 
8,606,99 
2,211.90 

14,962.96 

877.44 



29,797.58 



produ 



[ucts. 



18,302.22 
1,258.17 



144.40 



9,704.79 



Total 
earnings. 



$101,646.60 

91,993.56 

5,672.11 

49,585.44 

108,117.61 



357,015.32 



Expeodi- 
tures. 



172,448.50 

141,767.22 

2,182.95 

70,475.50 

31,306.75 



318,183.10 



APPEOPBIATIONS AND EXPENDrTUBES OF THE OFFICE OF THE DIBECTOB 
OF THE MINT FOB THE FISCAL YEAB 1908. 

Under the acts of February 26, 1907, February 15, 1908^ and 
May 30, 1908, the sum of $39,170 was appropriated for the omce of 
the Director of the Mint to meet the expenses of the fiscal year 1908. 

The expenditures from these appropriations for salaries, super- 
vising the annual settlements at the mints and assay offices, for col- 
lecting and compiling statistics of the production of gold and silver 
in the United States, for incidental expenses and the purchase of and 
subscription to books and pamphlets and contingent expenses for 
the laooratory, aggregatea $35,534.84, leaving an unexpended 
balance of $3,635.16 to the credit of the appropriations. 

In addition to the above appropriations for the office of the Director 
of the Mint, the jacts of February 26, 1907, and February 15, 1908, 
contained specific appropriations aggregating $125,000 for ''Freight 
on bulUon and coin oetween mints and assay offices." The expendi- 
tures from these appropriations for the fiscal year amounted to 
$94,504. 19^ leaving an unexpended balance to the credit of said 
appropriation of $30,495.81. 

Appropriation and Expenditures of the Office of the Director of the Mint 
FOR the Fiscal Year ended June 30, 1908. 



Appropriations. 



Salarlfls 

EzaminatioD of mints and offices 

Mining statistics 

Laboratory 

Books, pamphlets, etc 

Freighton bullion and coin between mints and assay offices 

Total 



Amount 
appropriated. 



S31,02a00 
5,50a00 

i,5oaoo 

75a 00 

4oaoo 
i25.ooaoo 



164, 17a 00 



Amount 
expended. 



S28,78S.83 

6,486.64 

271.41 

666.66 

334.40 

94,604.10 



130,080.03 



Unexpended 



$2,234.17 

13.36 

1,228.50 

93.44 

6&60 

30,405.81 



34, 13a 07 



302 BEPOET ON THE FINANCES. 

EARNINGS AND EXPENDITURES OF THE MINTS AND ASSAY OFFICES. 

In the appendix a table will be found showing in detail the earnings 
and expenditures for the year. 

Consolidated Statement of Expenditures for Salaries, Wages, and Supplies 
OP the Mints and Assay Oppices during the Fiscal Year 1908. 



Items of exi>endituie. 



Ordinary ex- 
penses. 


Refinery ex- 
penses. 


TotaL 


S3, 824. 39 

430.80 

787.01 

1,426.71 

1,476 91 

479.00 

342.26 

1,544.30 

1,473.97 

1,150.91 

2,12&08 

23,942.55 

1,823.85 

44,023.01 

12,972.73 

6,674.38 
7,506.41 
3,804.64 
119.10 
2,307.91 
2,731.24 
2,585.35 

11,333.23 

10,100.96 
5,715w21 
3,508.84 
1,691.00 
2,258.68 
2.665.27 
2,560.56 
354.30 
3,726.85 
3,540.19 

16,444.20 
6,041.92 

19,279.27 

3,309.51 

1,980.00 

3.53 

6,151.60 

1,733.93 

1,931.06 

20,106.46 

200.64 

2,338.60 

1,431.47 

3,263.78 

166.35 

13.06 

62,826.20 

2,926.00 


$14,708.91 
150.05 


118,633.39 
580.85 
787.01 




1,426.71 


672.97 
345w20 
130.68 
250.00 
113.75 

1,752.68 
911.17 

2,046.31 


2,148.88 

824.20 

472.94 

1,794.30 

1,687.72 

2,912.49 

3,039.25 

26,968.86 

1,823.85 


413.59 
9,295.86 

2,582.19 

18,561.50 

686.63 


44,436.60 
22,268.59 

9,156.67 

26,157.91 

4,490.17 

119. 10 


1,43&65 

4,919.11 
41&66 
662.95 

4,539.90 
747.42 
383.34 
28.07 
643.96 

1,804.30 


3,743.56 
7,660.35 
3,004.00 
11,996.18 
14,640.86 
6,462.63 
3,892.18 
1,714.07 
2,802.63 
4.460.57 
2,560.56 


2,683.20 

^3,607.96 

978.36 

66,277.80 

2,932.86 

4,827.66 

153.02 


3,037.60 
7,334.81 
4,618.64 

81,722.00 
8,974.78 

24,106.92 
8,462.63 
1,960.00 


210.20 

225.60 

4.80 

1,287.06 

8,843.18 


218.73 

6,377.10 

1,738.78 

3,218.12 

38,048.63 

309.64 


6.60 
80.20 
63.90 


2,344.29 

1,611.73 

3,327.68 

156.36 


966.12 
1,922.57 


979.20 
64,448.77 
2,926.00 




310,843.18 


162,177.66 


473.030.84 


180,614.72 
1,010,311.98 




180,614.72 


110.868.83 


1,127,180.81 


1,501,769.88 


273,046.49 


1,780.M6.37 



Acids 

Adjusting weights and repairing balances 

Advertisements for supplies 

Assayer's balances 

Assayer's materials, matrasses, pipettes, dishes, etc 

Barrels and lard tierces 

Belting 

Bullion boxes 

Carpets, furniture, and fixtures 

Charcoal 

Chemicals 

Coal 

Coke 

Copper 

Crucibles, covers, stirrers, and dippers 

Dry goods (cost of materials for mittens, sleeves, coin 

sacks, toweling, scale covers, etc.) 

Electric light and supplies 

Electric power 

Ensigns 

Firebrick 

Fluxes 

Freight and drayi 
Furnaces and re] 

Gas 

Gloves and gauntlets 

Hardware 

Ice 

Iron and steel 

Labor and repairs (only temporary labor or repair) 

Laundering of towels, etc 

Lead, sheet, and lead pipe 

Loss on sale of sweeps and leady molts 

Lum ber 

Machinery and appliances 

Metal work and castings 

Naphtha 

Oils 

Rent of building 

Salt 

Sewing (making of mittens, sleeves, coin sacks, towels, 

and scale covers) 

Stationery, printing, and binding 

Steam, supply of 

Sundries (only such items as can not readily be classified) 

Telegraphing 

Tetophone 

Tools 

Water (sprinkling, heating, and irrigating) 

Wood 

Zinc 

Wastage of operative oflAoers 

WeuT!^......^ 

Total 

Salaries 

Wages of workmen 

Total 



LABORATOBT OF THE BUREAU OP THE MINT. 

During the calendar year 1907 there were tested by the assayer of 
this bureau 362 gold and 696 silver coins, all of which, with one 
exception, were K>und within the legal requirements as to weight 
and meneaa. 



DIBECTOB OF THE MINT. 



305 



In the gold coins the greatest deviation in fineness above stand- 
ard (the legal limit being 0.001 above or below) was 0.0007, while; 
the greatest deviation below was 0.0006. 

The ^atest deviation of silver coin in fineness above standard' 
(the hmit being 0.003 above or below) was 0.0009, while the greatest 
deviation below was 0.0018, as shown by the following table of assays; 
made at the Bureau of the Mint: 



Flnenen. 


Philadelphia. 


San Francisco. 


New Orleans. 


Denver. 


Total. 


Gold. 


Silver. 


Gold. 


aUver. 


Gold. 


SUver. 


Gold. 


SUver. 


Gold. 


Silver. 


9»J2 




1 
2 
10 
18 
26 
31 




_ __ _ __ 












1 


808.6 




1 




1 
3 
6 
10 
11 








3> 


898.7 
















13' 


808i) 






1 
4 

6 






2 
3 

4 




26 


809.1 












43 


800.3 










52 


800.4 








3 


3 
2 
11 
29 
48 
62 
80 
50 
39 
21 




800.5 


1 

1 

9 

23 

31 

37 

28 

26 

16 

7 

3 

5 

1 




1 
3 
3 
12 
13 
19 
7 
2 












800.0 


25 


6 




8 


7 
17 
13 
18 
24 
16 
11 

5 


4 


42' 


800.7 






800.8 


26 


10 




12 


14 


61 


800.0 






900.0 


16 


17 




16 


7 


56' 


900.1 






900.2 


5 


7 




15 


8 


35 


900.8 






900.4 


2 




2 




3 


2 


9 


900.5 






1 




900.6 






1 
1 








1 


900.7 












1 
1 


2 


000.0 


::::::::::: 




3 




4 




















Total.... 


188 


161 


60 


54 




87 


114 


46 


362 


348 








Average 


90a051 


899.400 


899.913 


800.826 




899.606 


899.026 


899.824 


809.980 


899.596 









In addition to the above there have been examined 363 Philippine 
silver coins and 132 Mexican silver coins, all of which, except 4, were 
within the legal requirements as to weignt and fineness. 

PBOCEEDINOS OP THE ASSAY COBiMISSION, 1908. 

The following-named gentlemen acted as commissioners to test 
and examine the weight and fineness of the coins reserved at the 
several mints during the calendar year 1907 pursuant to the provi- 
sions of section 3547 of the Revised Statutes: 

Hon. WilUam B. McKinley, House of Representatives ; Hon. William 
A. Ashbrook, House of Representatives; Hon. Charles J. Russell, 
Burlington, Vt.; Prof. Leverett Mears, Williams College, Massachu- 
setts; Mr. Geoi^ L. Harrison, jr., Philadelphia, Pa.; Mr. J. W. 
Campbell, Fort Dodge, Iowa : Mr. L. S. Kerfoot, Seattle, Wash. ; Mr. 
John L. McNeil, Durango, Colo. ; Mr. E. W. Harden, Chicago, HI. ; 
Mr. Thomas P. Bums, San Francisco, Cal.; Mr; Frank Shinn, Colum- 
bus, Ohio. (Dr. H. G. Torrey, ex officio member.) 

Tne commission met at the mint in Philadelphia on February 12, 
1908, and Hon. William A. Ashbrook was elected chairman. 

The following committees were appointed by the chairman, with 
the approval of the commission: 

Conmiittee on coimting: Mr. Campbell, chairman; Messrs. McNeil 
and Bums. 

Committee on assaying: Professor Mears, chairman; Messrs. Har*- 
rison, Russell, and Torrey. 



304 REPORT ON THE FINANCES. 

Committee on weighing: Mr. Harden, chairman; Messrs. Kerfoot, 
Shinn, and McKinley. 

The committee on comiting reported that the packages containing 
the pieces reserved by the several mints for the trial of coins were 
deUvered to them, and that they were compared with the transcripts 
kept by the Director of the Mint and fomid to be correct. After 
verification the coins were delivered to the conmiittees on weigbdng 
and assaying. 

The coins reserved by the mints for the purposes of the assay com- 
mission were as follows: 

Gold coins from the mint at Philadelphia, 4,280, of the value of 
$55,597.50. 

Silver coins from the mint at Philadelphia, 16,017, of the value of 
$2,662.90. 

Gold coins from the mint at San Francisco, 2,377, of the value of 
$45,430. 

Silver coins from the mint at San Francisco, 2,896, of the value of 
$641.60. 

Silver corns from the mint at New Orleans, 6,783, of the value of 
$1,809.90. 

Grold coins from the mint at Denver, 2,765, of the value of $31,670. 

Silver coins from the mint at Denver, 5,210, of the value of $1 ,478.50. 

The coins reserved on account of coinage executed for the Philip- 
pine Islands were as follows: 

Mint at Philadelphia: 

50oentavo8 601 

20 oeptavos 026 

10 oentavos 761 

Mint at San Francisco: 

Pesos 6,130 

50oentavo8 1,066 

20centavo8 1,583 

lOoentavos 2,466 

The committee on assaving reported receiving and making assays 
of coins reserved from tne mints at Philadelphia, San Francisco, 
Denver, and New Orleans, representing the deliveries made by the 
coiners to the superintendents during the calendar year 1907. 

The highest assay value of the gold coinage (the limit of tolerance 
being one one-thousandth) was at— 

Philadelphia 000.3 

San Francisco OOa 

Denver 000.3 

The lowest assay value of the gold coinage (the limit of tolerance 
being one one-thousandth) was at — 

Philadelphia OOOiO 

SanFrancisoo 800i7 

Denver 800l8 

The highest assay value of the silver coinage (the limit of tolerance 
being three one-thousandths) was at — 

Philadelphia 901.1 

San Francisco OOL 6 

New Orleans OOao 

Denver OOLl 

The lowest assay value of the silver coinage (the limit of tolerance 
being three one-thousandths) was at — 

Philadelphia 000.2 

SanFrandaoo OOOiO 

New Orleans OO&S 

Denver. IQOia 



DIBECTOB OF THE MINT. 305 

The highest assay value" of the Philippine silver coinage was at — 

San Frandaoo (pesos) 800.6 

Philadelphia (20 oentavos) 76L6 

The lowest assay value of the Philippine silver coinage was at — 

San Frandaoo (pesos) 79ft. 8 

Philadelphia (fiO oentavos) 749.7 

The committee also tested the quartation silver and found it free 
from gold, and the lead used in the assay of gold bullion and found 
it free from gold and silver. The acid used m the humid assay of 
silver was found to be free from silver and also from chlorine. 

The balances used were tested and found to be correct. 

The committee reported the assays as entirely trustworthy, and 
that none of the coins tested differed from the standard of mieness 
by a greater degree than the amount allowed by law. 

The committee on weighiiig respectfully reported examining sam- 
ple coins selected at random from tnose reserved by the several mints. 
TRie weighing was made on a balance by Henry Troemner, of Phila- 
delphia. The weights employed were furnished under seal by the 
Director of the Bureau of Standards, and were accompanied by a cer- 
tificate stating their variations in mass from the standards nxed by 
law. The balance was carefully tested and found to be sufficiently 
accurate without making corrections. 

The secondary troy pound of the mint was compared with the 
standard pound and found to be correct. A pound built up of work- 
ing weights of the mint was found to be correct within 1 part in 
30^00. 

The details of the weighings indicated that the deviations from the 
statutory standard weights of the coins examined were all within 
the legal tolerance, consequently the committee on weighing pro- 
nounced the examination of the weights of the (coinage of the several 
mints during the year 1907 to be satisfactory. 

The committee on resolutions submitted the following: 

Resolvedy That it is the sense of the members of the annual assa^r commission that 
the coin collection of the United States in the mint in Philadelphia should be made 
as complete as possible. The commission desires to express its approval of the recom- 
mendation of tne commission of 1907, and it recommends that an appropriation of 
120,000 be made available for the purchase of these coins and medals, these purchases 
to be made under the direction of the Director of the Mint, and that an annual appro- 
priation of $5,000 be made to continue the purchases of coins and medals for this 
collection. 

One hundred thousand citizens of the United States, and many foreigners, visit 
annually the United States mint in Philadelphia; many of these visitors desire to 
purchase a souvenir of the mint. It is recommended that the Director of the Mint be 
authorized to have prepared annually a souvenir medal for sale to visitors. In the 
opinion of the officers of the mint such authorization would net to the mint from |5,000 
to $10,000 annually, that representing the sale price above the cost of preparing the 
dies and striking the medals. The profit to be ootaincd from the sale of these medals, 
in the opinion of the members of this commission, should be added to the amount 
appropriated annually for the purchase of coins and medals. And be it further 

nesolvedj That the thanks of the members of the assay commission be extended to 
the Director of the Mint and the officers and employees of the mint in Philadelphia 
for their courtesy to the members of the commission during the session. 

o By the act of June 23, 1906, the standard fineness of the Philippine peso was 
reduced to 800 and the subsidiary coins to 750 fine. 

587ie— n 1908 20 



806 



REPOBT ON THE FINANCES. 



MINT OF THB UNITED STATES AT PHILADELPHIA, PA. 

The following table shows, by weight and value, the gold and silver 
deposited during the fiscal year 1908: 



Metal. 


Deposits. 


Redeposits. 


Standard 
otmoes. 


Coinage 
▼aloBL 


Gold 


3,338 
920 


3,161 


5,621,472.076 
6,637,568.74 


$lO4,585,5a0L9B 


Silver 


7J23i7D17i 






Total 


4,28B 


3,171 




112,30Q,28L6O 







Asbater's Department. 
The number of assays made in this department was as follows: 

Dqwsits and pmchases 30,880 

Ingots (gold and silver) 10,113 

Refinery v •.812 

Special assays 2,407 

Sweeps assays 400 

Total 62,731 

In addition to this 300 ounces of proof gold and 320 ounces of proof 
silver were made. 

Of the 2,341 melts of gold ingots made bv the melter and refiner 
2,008 were passed, 324, while wiuiin the standard fineness reauired by 
law, were returned for remelting, and 5 melts were condemnea. There 
were 1,485 melts of silver ingots made, of which 1,474 were passed, 5 
returned for remelting, and 1 condemned. 



Tbe fineness of gold melts passed was: 

12 melts at 8W.6 

258 melts at 809.7 

560 melts at 800.8 

521 melts at 899.0 

496 melts at 900 

128 melts at 900.1 

33 melts at 90a2 

1 melt at 90a3 

2,008 



The fineness of silver melts passed was: 

66 melts at 806 

90 melts at 808] 

366 melts at 8IH 

232 melts at 80K 

466 melts at 800 

152 melts at 

86 melts at 

11 melts at 

16 melts at 900 

1,474 



In addition five melts for Philippine coinage were made by the 
melter and refiner and passed by the assayer. 

MSLTER AND ReFINER's DEPARTMENT. 

During the fiscal year the melter and refiner received from the super- 
intendent gold bullion containing by assay 12,864,633.519 standard 
oimces, of tne value of $239,342,018.95, his legal allowance for wastage 
being 12,864.633 standard ounces, of the value of $239,342. He 
also received silver bullion containing by assay 11,699,861.48 standard 
oimces, of the value of $13,614,384.27, nis legal allowance for wastaj^ 
being 17,549.79 standard oimces, of the value of $20,421.57. He 
returned to the superintendent 12,863,283.347 standard ounces of 
gold and 11,705,630.93 standard ounces of silver. 

He operated upon bullion as follows: 





Items. 


Gold. 


SUver. 


Ingots 


Standard ou. 
14,426,006.830 
2,466.453.361 
331,874 140 


Standard on. 
5.706,688.86 


Refinery 


3,198,006.66 


Merchant bars .. -- -- -- - 


017.748.40 








Total 


17,223,423.331 


0,011,633.81 







DIBBCTOB OF THB MINT. 



307 



The excess of gold and sUver operated upon over the amounts 
charged during the year is due to duplicate operations. 

Upon the settlement of the melter and refiner's accounts, June 30, 
1908, there was fotmd a)i apparent loss upon the sold bullion during 
the fiscal year of 1,350.172 standard oimces, and in the operations 
upon the silver bullion an apparent gain of 5,769.45 standard ounces. 

The melts made aggregate as follows: 



Melts. 


Ban. 


Ingots. 


Anodes. 


Deposits. 


Special. 


Total. 


Gold 


381 
915 


2,341 
1,486 


1,044 


4,766 
801 


385 


8,000 


Silver 


3,281 










Total 


1,206 


3,825 


1,044 


5,040 


385 


12,197 







During the year five gold melts and one silver melt were condemned. 
Number, Weioht, and Value of Gold and Silver Bars fob Industrial Use. 



MfltaL 


Bm. 


Standard 
ounoes. 


Coinage 
value. 


Odd 


8,970 
2,584 


341,267.030 
1,025,321.40 


00,348,979.18 


Silver 


1,193,10L26 






Total 


0,560 


1,360,579.080 


7,542,060.44 







During the year 212 barrels of sweeps were gathered, containing 
by assay 2^913.565 standard ounces of gold, and 5,342.59 standard 
ounces of silver. 

The operations of the refinery were as follows: 



Bullion. 



Gold. 



SUver. 



Sent to the refinery, 5,524,410.24 gross ounces, containing by assay. 

BuUton reealved from rennery 

Sweeps 

Apparent gain 



Standard oe, 
2, 405,483. 301 
2,404,092.812 
1,406.341 



Standard oz. 
3,198,095.55 
3,190,197.06 
3,394.22 



44.792 



1,49&72 



Silver bullion sent to the refinery upon which refining charges were 
collected contained by assay 2,615,278.52 standard ounces, and silver 
owned by the Government and returned to the refinery for parting 
purposes upon which no parting charges were collected contamed by 
assay 582,817.03 standard ounces. 

Troy ounces. 
During the year the melter and refiner received from the superintendent minor coinage 

metal 17,045,504.31 

Delivered prior to settlement: 

Bronie ingots 3,990,986.70 

Nlclcel ingots 4,501,101.20 

8,498,159.90 

Delivered in settlement: 

Bronie ingots 1,504,549. 22 

Nlclcel ingots 323,292.70 

Ingot copper 5,579,220. 81 

Niclcelshot 960,997.33 

Zinc 60,227.69 

Tin 08,038.70 

Alloy, etc 21,667.00 

Wastage 30,804.96 

8,647,40141 



308 BEPOBT ON THE FINANCES. 

Coiner's Dbpabtmbnt. 

During the fiscal year 1908 this department received 12,496,691.010 
standara ounces of gold, of which 12,449,944.310 standard ounces, of 
the value of $231,626,870.88 were operated upon, from which there 
were produced 6,470,284.041 standard ounces of coin, of the value of 
$120,377,377.50. all deUvered to the superintendent during the fiscal 
year prior to tne settlement, upon wnich there was a wastage of 
285.598 standard ounces, of the value of $5,313.45, being 4.57 per cent 
of the legal allowance. 

The percentage of coin produced from the amount of metal oper- 
ated upon was 51.97 per cent. 

Dunng the same period the coiner also received and operated upon 
6,274,260.60 standard ounces of silver, of the value of $7,806,234.02 
in subsidiary coin, from which there were produced 3,562,592.34 
standard ounces of domestic coin, of the value of $4,432,463.25 in 
subsidiary silver coin, and 501.11 standard ounces of PniUppine coin, 
of the value of $623.46 in domestic subsidiary silver coin, deUvered 
to the superintendent during the fiscal year prior to settlement, and 
22,951.75 standard ounces or domestic coin aeUvered to the superin- 
tendent at settlement, upon which there was a wastage of 520.48 
standard ounces, of the value of $284.11, being 8.29 per cent of the 
legal allowance. 

The percentage of coin produced from the amount of metal oper- 
ated upon was 57.10 per cent. 

There were also deUvered to the coiner during the same period 
5,692,502.34 ounces of nickel ingots and planchets, from which were 

f produced 3,642,183.58 ounces of domestic 5-cent nickel coin, of the 
ace value of $1,134,300.10 and 80.38 ounces of nickel coin for the 
PhiUppine government, of the value of $25 in United States nickel 
coinage, upon which there was a wastage of 17,200.06 ounces. 

During the same period the coiner also received 10,310,811.88 
ounces of copper-bronze ingots and planchets, from which there were 
produced 8,126,204.93 ounces of 1-cent coin, of the face vidue of 
$811,708.12, and 125 ounces of copper-bronze coin for the PhiUppine 
goverment, of the value of $12.50 in United States copper-bronze 
coinage, upon which there was a wastage of 20,979.27 ounces. 

Owmg to a considerable amount of experimental coinage in the 
development of the new design double-eagle and eagle coins, the 
product of which could not enter into the amount of coin produced, 
and the receipt of a quantity of defective gold ingots which could 
not be worked satisfactorilv and had to be returned for remelting. 
the percentage of coin procluced from the amount of metal operated 
upon is lower than it otnerwise would have been. 



PIRECTOB OF THE MINT. 309 

The following table shows the coinage executed during the year: 



DoDominatlon . 


Pieces. 


Value. 


I>oii1t>k» mdmf 


GOLD. 


5,744,41ft 

272,93ft 

551,913 

6ft 


$114,888,300.00 


K«elm , 


2,729,360.00 


nftiTmiA^., 


2,750,566.00 


Qfiffrt^ff^nei^ 


162.50 








Total 


6,fi60,828 


120,377,377.50 




SILVER. 




Half dollan 


2,170,646 
5,956,646 
18,680,646 


1,086,272.50 


Qnartor dollanf . . 


1,489,136.26 


ftoies 




1,858,054.50 








Total 


26,707,636 


4,432,463.26 




MINOR. 




ft-oent niclml pieces 


22,686,002 
81,170,812 


1,134,300.10 


l^jmt brooie'pieofMi - 


811,708.12 








Total 


103,856,814 


1,946,006.22 








Oiand total 


137,133,777 


126,755,84&97 





Engraver's Department. 

All the dies used in the coinage operations of all the mints of the 
United States are made in the engraving department at Philadelphia. 

The number of dies prepared for United States coinage last year 
was 2,380. In addition 629 dies were made for Phihppme coini^e, 
10 for Mexican coinage, 56 for medals, and 111 master dies, hubs, 
and experimental dies for the new gold coinage. 

The following table shows the number of proof coins and medals 
and their nominal value manufactured during the fiscal year: 



Article. 



Number of 
pieces. 



value. 



Gold medals 

SUypr medals 

Bronxe medals... 
Gold proof coins. 
Silver proof coins 
Minor proof coins 

Total 



183 
2,418 
69,585 

166 
2,620 
1,774 



76,745 



$4,603.50 

1,152.50 

18,788.75 

1,222.50 

476.84 

53.22 



26,297.31 



MINOR COINAGE. 



The manufacture of the 1-cent bronze and 5-cent nickel coins has 
heretofore been confined by law to the Philadelphia mint. The 
Fifty-ninth Congress at its first session authorized the making of 
these coins at the other mints, but the output so far has been wholly 
at Philadelphia, and owing to the recent financial troubles was much 
less than during the fiscafyear 1907, as shown below: 



Denomination. 


1907. 


1908. 


1-oent bronze 


1037,315.68 
2,382,137.50 


$811,706.12 


6-mnt nic1r4«l 


l,134,30ai0 







810 



BEFOBT ON THE FINANCXS. 



Bronse and nickel blanks were purchased from ccmtnctore as 
follows: 



ChanMster. 




Cost. 


BiMMiw 1-flMit hteaks 


380,000 
00,000 


«UB,7M.0O 


Ntokfl fri^nt htaaks . 


s:moo 








Total 


4»,000 


lft4, 004.00 







The amount of metal purchased for the manufacture of minor 
coinage other than blanks was 819,419 pounds avoirdupois, at a cost 
of $166,155.13. 

The amount of imcurrent copper, nickel, and bronze coins trans- 
ferred firom the Treasury during the year for conversion into current 
coins, cost, and seigniorage are shown by the following table: 

Old copfwr cants SISL^B 

Klokall-oantcoiiH «7.tO 

Bronae l«cant ooins 21.8S.90 

Bronae^<enteolii8 Ml 90 

Nkkel»<«nteolii8 OHlOO 

iackal&«0iit coins 170.144.00 

Total 1>I.«7L» 

Cost of nlckal wldad to l<ent metal to convert Into &«ent alloy for reooinace into nickal S«ent 

coin. 94.S 

Cost of tUi and line added to old copper-cent metal to convert Into baooae keent aUor te ceeete- 

a^B Into baooae 1-cent coin XS 

OottofmaiyofaMBaalloraddedtonfetol»«ontaketaliarrBeaina0BinionlelDil5<«ntcoim U.90 

8iicnian«e(Crinbyi«0Qtoaee) XtS.S7 

Total m.<4^U 

C il im> ax e mt e d . MniBal veloB: 

Bronae l<ent coin t!l,4<lC7 

Nickri^oontooln *... lM.10i.90 

US.7S.57 

Lob by remlnice H^Mff.H 

Total lii.MOiU 

The seigniorage, or gain, on recoinage of minor coin was $2,928.87, 
as against a loss of $10,S$7.54, showing a net loss of $7,958.67. 

The seimiorage on the coinage of nickel and bronxe coins coined 
from puraiased metal was $1,535,029.42, which, less a net kws of 
$7,958.67 on the recoinage of minor coin and a wastage of tlie 0p0- 
atire officers in the minor coinage operations of $1^33.82, gives a 
net seigniorage on minor coin c( $1,525,836.93. 

The total amount of the several types of minor coin manufactured 
from 1793. when the first coinage of copper cents was made, until 
June 30, 190S, aggregated $52,707,463,67. Prom the records of 
this mint, at which all this coinage has heretofore been made, it 
appears that there hare been melted for recoinage $4,779,292.69, 
leaving outstanding June 30, 190S. $47,928,170.98. 

The several types and denominations of minor coin issued, mano- 
factured by the mint at Philadelphia since its establishment, the 
amount reinelted. and the amount outstanding June 30, 1908, are 
set forth in the following table: 



DIRECTOR OF THE MINT. 
lliNOB, Coins Issued, Rbmbltbd, and Outstandino. 



811 



DenomlnaUon. 



Cdned. 



Remelted. 



Oatstanding 
June ao, 1908. 



Copper eents 

Copper half cents... 
Copper nickel cents. 

Bronse cents 

Bronie 2-cent pieces 
Nlohel »eent pleoss. 
Nickel 6K)ent pieces. 

Total 



II, M3, 887. 44 

30,938.11 

3,007.720.00 

16,682,307.05 

013,020.00 

005,768.63 

80,716,844.56 



1880,341.63 



802,157 85 
318,026.56 
830,328.02 
283,000.13 
2,657,347.60 



81,183.54&81 

30,026.11 

1,305.662.15 

16,344,270.40 

572.601.06 

633,678.30 

28,050,496.05 



82,707,463.67 



4,779,203.60 



47, 028, 17a 08 



Minor coins to the amount of 12,337,103.04 have been distributed 
throughout the States and Territories of the United States during 
the ^al year 1908 — ^$1,441,538.60 in nickel 5-cent pieces and 
$895,564.44 in bronze l*cent pieces. 

The expenditure for the distribution of minor coin for the same 
period was $48,105.86. 

All Seignioraqb. 

The seigniorage on the coinage of purchased metal for the fiscal 
year was $3,506,350.27, as shown by the following table: 



Item. 


Coined. 


Seigniorage. 


Subsidiary silver coins 


83,605,463.25 
1,760.255.65 


81.071,320.85 
1.535,020.42 


Minor oofn? , 




Total 


5.455,7ia00 


3,606.350.27 





Visitors. 



A large number of visitors from all States of the Union and from 
foreign countries visited the mint during the year, 113,406 having 
been shown through by the several guides. 



NUMBER OF SMPLOTXE8. 



The force of employees at the end of this fiscal year shows a reduc- 
tion of 24 from tne number carried on the rolls at the end of the 
previous fiscal year. The total number on the rolls at the close of 
the fiscal year was 472, distributed in the several departments as fol- 
lows: 



Department. 


Male. 


Female. 


TotaL 


Oenetal 


182 
12 
02 
66 

17 


42 


224 


Assayer's 


12 


Coiner's 


57 
1 
1 


140 


lf#H«r ami n(\mr*n 


60 


Kngrnyfir'^ , , , . . , , , , , 


18 






Total 


371 


101 


472 


\ 





dl2 REPORT ON THE HKANCES. 



MINT OP THE UNITED STATES AT SAN FBANCI80O, CAL. 

It was necessary during the fiscal year of 1908 to close this mint for 
settlement on two unusual occasions, owing to a change of the officers 
and the consequent films of new bonds. 

In the early part of me year, Frank A. Leach, superintendent of 
this mint, was offered the position of Director of the Mint, and on 
September 19, 1^7^ he resigned the superintendency to take up the 
duties of his new office. Mr. Leach was succeeded as superintendent 
by Edward Sweeny. On July 8, 1907, Dan T. Cole resigned, and 
Aug. E. Muenter assumed the duties of coiner. Mr. Muenter remained 
in office until the date of Mr. Leach's promotion, when he, too, 
resigned, and was immediately succeeded by William M. Cutter. 

The settlement of January 31, 1908, was occasioned by the neces- 
sity for the fiUng of new lionds by the superintendent aiid coiner, 
the former bonds naving been filed under a recess appointment. 

The weight and value of the gold and ^ver bullion deposited 
during the fiscal year was as follows: 



Metal. 


Deposits. 


Redeposits. 


Standaid 
ounces. 


Value. 


Qoid 


6.126 
9.428 


1,2S3 


2.865.013.444 
14.678.964.51 


$53,302.575160 


Silver.. 


18i263i607.86 










Total 


15,554 


1,253 




71.565,673106 




**' 





Of the above amount of silver bullion 9,851,801.76 standard ounces 
of Philippine silver coin were received for recoinage for the govern- 
ment of tne PhiUppine Islands. 

Assay Dbpabtmsnt. 

During the fiscal year ending June 30, 1908, several improvements 
in the equipment were made, which have tended in no small d^ree 
to increase the efficiency of the department. The purchase of a set 
of heavy 3-inch rolls, operated by an electric motor, has gjeatly 
faciUtated the rolling of silver ingot granulations, especially in the 
case of ingots for Philippine subsimary coinage, where the proportion 
of copper alloy has been so large. Individual motors are now being 
placed on all rolls, the unsightly and cumbersome shafting and belting 
m use for so many years being dispensed with, and the frequent falling 
of dirt and grease upon the samples thereby avoided. 

Late in tne vear a fairly complete experimental laboratory with 
hoods, tables, snelves, etc., of acid-proof stone was fitted up, to enable 
the carrying on of investigations mto the nature of base metal con- 
tained in refractory deposits, and to permit the making, not only of 
(]^ualitative tests of all Kinds, but of various quantitative detennma- 
tions, both volumetric and electrolytic. 

The installment of this laboratory resulted almost immediately 
in the adoption of a method for the determination of the gold con- 
tents in Dorfi bullion, that for accuracy and rapidity is far superior 
to the ordinary fire assay formerly used. This new method does away 
altogether with the use of the parting fiask or mattress, and in many 
instances enables us to dispense with the use of the cupel furnace as 



DIRECTOR OP THE MINT. 



313 



Briefly speaking, it consists in the parting of a gram of the bullion, 
either with or without cupellation, according U) the amount and 
nature of the base metal present, in a No. 2 porcelain crucible con- 
taining moderately strong nitric acid. Two nve-minute boilings are 
made, the discarded solutions being carefully decanted to avoid dis- 
tributing the gold residue, which, after being thoroughly washed in 
hot water, is dried and annealed without havingbeen removed from 
the crucible in which the parting was made. The results are very 
accurate, quadruplicate assays agreeing almost exactly. ^ 

A greater amount of routine work was achieved in the department 
than for several years past, there having been a total of 92,124 assays 
made at an average cost or $0,318 per assay. A considerable propor- 
tion of this increase was due to the opening of the new refinery, the 
assavs for which averaged over 1 ,200 a month during the last quarter. 

The appended table shows the operations of the department in 
detail : 

Gold assays made 48,573 

Sil ver assays made 43, 263 

Sweep assays made 288 

Total 92,124 

Proof gold made ounces. . 260 

Proof silver made ounces. . 100 

Parting silver prepared ounces.. I,fi00 

Cupels made 100.000 

Leads cut and rolled 100,000 

The reported finenesses of ingot melts are as follows: 

UNITED STATES COINAGE. 



Fineness. 


Number 
of melts. 


Fineness. 


Number 
of melts. 


GOLD INGOTS. 

800.0 


4 
56 

241 
438 
438 
105 
55 
6 


SILVEB IN0OT8. 

808.8 


470 


800.7 


806.8 


336 


800.8 


800.0 


4 


800.9 


800.1 


810 


900.0 


890.3 


219 


900.1. 


800.5 


202 


900.2 


800.8 


24 


9003 


Condemned 






1,571 
2 




1,432 
57 


Oondemned 








1,573 




1,480 



314 



REPORT ON THE FINANCES. 
PHILIPPINE COINAGE. 



Fineness. 


Number 
of melts. 


Fineness. 


Number 
ofmelU. 


PESOS. 

797.5 


5 

5 

489 

5 

348 

659 

549 

732 

454 

2,014 

604 

1,168 

263 

887 

196 

472 

46 

525 

63 

164 

18 

84 

8 

52 

2 

35 

3 


TWENTY CENTAVOS. 

747.7 





797.0 


747.8 


13 


797.7 


747.9 





797.8 


748.0 • 

748.1 


5 


797.9 





798.0 


748.2 . . 


29 


7B8.1 


748.3 


20 


798.2 


748.4 





798.3 


748.5 


65 


798.4 


748.6 





798.5 


748.7 


41 


798.6 


748.8 


1 


798.7 


748.9 


45 


798.8 


749.0 


47 


798.9 


740.1 





799.0 


749.2 


43 


799.1.. 


749.3 





799,2 


749.4 


15 


799.3 


749.5 


1 


799.4 


749.6 


20 


799.5 


749.7 

749.8... 





799.« .. .. 


5 


799.7 


749.9 





799.8 . .. 


760.0 


2 


7999 


Total 




800.0 . .. 


352 


80O.1 


Condemned 


15 




FIFTT CENTAVOS. 
747.7 




Total 


9,930 
24 


367 


Condemned . . 










9,954 




TEN CENTAVOS. 


1 
1 


13 


21 

20 


82 


25 
1 

22 

21 


44 


10 

3 

1 






747.7 


747.8 


31 


747.8 


747.9 


4 


747.9 


748.0 


11 


748.0 


748.1 


25 


748.1 


748.2 

748.3 


36 


748.2 


72 


748.3 


748.4 





748.4 


748.5 

748.6 


178 


748.6 


1 


748.6 •. 


748.7 


122 


748.7 


748.8 




748.8 


748.9 


111 


748.9 


749.0 


m 


749.0 


749.1 




749.1 


749.2 


74 


749.2 


749.3 




749.3 


749.4 . . 


17 


749.4 


749.5 




749.5 


749.6 


16 


749.0 


749.7 

749.8 

749.9 

750.0 

Total 




749.7 




749.8 




749.9 

760.0 




753 


Total 


220 
3 


Condemned 


2 


Condemned 






755 




^ 



Melter and Refiner's Department. 

The melter and refiner received and operated upon gold and silver 
bullion during the fiscal year as follows: 

standard oonow. 
Received from the superintendent July 1 to Septamtwr 19, 1907, bullion containing gold .. 3,497,601. A9 

Returned prior to setUementSepiember 19, 1907 2,763,576.218 

Returned at settlement September 19, 1907 733,741.610 

3,497,317.884 

Wastage in gold 281.736 



DIBECTOB OF THE MINT. 



315 



standard oimoes. 
Rfloeived from the superintendent September 20, 1907, to June 30, 1906^ bullion containing 

gold 3,811,212.177 

Returned prior to settlement June 30, 1908 1,383,909.496 

*" " linj '^" "' — "" *"^ " — 



Betozned in setUement June 30, 1908 2,427,129.764 



Wwtageingold.. 



3,811,039.260 
212.917 



Received ^op the su|>erintend^t July 1 to Sj^tember 19, 1907, bullion contalnlxi^silyer^ 3, 466, 429. 87 

3,474,826.74 



Returned prior to settlement September 19, 1907 27155,327.37 

Returned at setUement September 19, 1907 1,319,498.37 



Surplus in recovered silver. 



8,306.17 



Received fixmi the superintendent September 20, 1907, to June 30, 1906, bullion containing 

sUver : 22,889,818.74 

Returned prior to settlement June 30, 1908 19,482,741.94 

Betumed bi settlement June 30, 1908 3,391,204.88 

22,873,946.82 



Surplus in recovered silver. 



4,128.08 



BECAPITXJLATION. 



Total amount of gold bullion received during fiscal year 7,308,853. 766 

Total amount of gold bullion delivered during fiscal year 7,306,357.094 



Net wastage in gold. 



496.672 



Total amount of silver bullion received during fiscal year 26,336,248. 31 

Total amount of silver bullion delivered during fiscal year 26,348,772.56 



Net surplus in sUv 


Br 




12,524.25 


Melts for- 


Number. 


Con- 
damned. 


etold ingots 


1,489 
12,871 


67 


Slivw Ingots - 


46 








Total 


14,360 


108 







Ttere were manufactured during the fiscal year: 



Fine gold bars.. 
Fine silver bars. 



74 
978 



Total. 



1,062 



'Riere were gathered in sweeps 288 barrels, containing by assay: 

Standard ounces. 

Odd e65L871 

SUver 7,370.86 

The installation of the new electrolytic plant was completed and 
refining commenced on March 2, 1908. During the remainder of the 
fiscal year the plant ran steadily, but the work in the operation of 
the silver cells was largely experimental in nature, the methods, 
machinery, and utensils being changed from time to time, and that 
portion of the plant not yet perfected. 

The total rennery operations were as follows: 

standard ounces. 
Gold bullion refined upon which chi 
Gold bulUoa refined upon which no 



were made 314,383.322 

were made 750,107.928 



Net amount of bullion sent to refinery 1 . 073, 491. 250 

Net amount of bullion received from refinery 1 ,072,905. 626 



Wastage in gold.. 



585.624 



Silver bullion refined upon which charges were made 227,537. 34 

Sliver bullion refined upon which no charges were made 9,481. 62 



Net amount of bullion sent to refinery 237,018. 86 

Net amount of bullion received from refinery 234,919. 49 



Wastage in silver. 



*I«^f9^.'^ 



816 BEPOBT ON THE FINANCES. 

Coiner's Department. 
The coiner received gold and silver during the fiscal year as followB: 

GOLD. 

^ ^ )erl9,ll 

Returned prior to settlement September 19, 1907 2,533,252.650 

-* ' lins ■ ^ 



Standards 

Received from superintendent July 1 to September 19, 1907 2,830,907.060 

Returned prior to settlement September 19, 1907 2,533,252.650 

Returned in settlement September 19, 1907 297,622.573 



- 2,830,875.223 

Wastage in gold 32.757 

Received from superintendent September 20, 1907, to January 31, 1908 1,634,505.530 

Returned prior to settlement January 31, 1908 1,585,088. 180 

Retiuned at settlement January 31, 1908 49,43& 626 



1,634,476.806 

Wastage in gold 28.724 

Received from superintendent February 1, 1908, to JuneSO, 1908 44,707.320 

Returned prior to settlement June 30, 1908 71. 376 

Returned at settlement June 30, 1908 44, 706. 948 

44,778.324 

Excess in gold 7L004 

SILVER. 

Received from superintendent July 1 to September 19, 1907 2,739,817.50 

Returned prior to settlement September 19, 1907 1,924,201. 56 

Returned at settlement September 19, 1907 804,47a27 

2,728,67L82 

Wastage in sUver 1,145.68 

Received from stuperintendent, September 20, 1907, to January 31, 1908 7,783, 76& 62 

Returned prior to settlement, January 31, 1908 16,912,036. 10 

Returned at settlement, January 31, 1908 868, 294. 36 

7,780,33a 46 

Wastage in silver 3,43&16 

Received from superintenent, February 1, 1908, to June 30, 1908 12,250,31& 47 

Returned prior to settlement. Jime 30, 1908 11 , 576, 6tt6L 77 

Returned at settlement, J une 30, 1908 667, 86a 26 

12, 244, aa 08 

Wastage in silver 5y80a44 

BECAPITULATION. 

Total amount gold received during fiscal year 4, 510, 120. 830 

Total amount of gold returned during fiscal year 4, 510, 130. 353 

Net excess in gold 0. 523 

Total amount of silver bullion during fiscal year 22, 763,902. 59 

Total amount returned during fiscal year 22, 753, 51& 31 

Net wastage 10,384.28 

During the fiscal year the coiner operated upon 4,167,768.980 
standard ounces of gold and 20,401,848.95 standard ounces of silver. 
He delivered to the superintendent during the same period 2,441,- 
378.750 standard ounces of gold coin, valued at $45,421,000, and 
11,810,282.19 standard ounces of silver coin, valued at $13,742,873.81 
in standard dollars, or $14,693,974.72 in subsidiary coin, aggregating 
35,504,039 pieces. Of this amount there was delivered for the 
government of the Philippine Islands 18,130,891.10 pesos in silver 
coin, weighing 10,291,263.81 standard ounces, valued at $11,975,- 
288.79 in standard dollars, or $12,804,060.72 in subsidiary silver coin. 



DIBECTOB <JP THE MINT. 



317 



The following table exhibits the coiner's deliveries for the fiscal 
year: 



Denomination. 


Pieces. 


Value. 


Gold: 


2,105,800 
210,500 


S43,316,00a00 
2,106,00a00 


Eactes 






Total 


2,376,300 


45,421,00a00 






SUver: 


2,172,828 
1,388,000 
4,565,000 


1,086,414.00 
347,000.00 
456,50a00 


Qnartwr dollars , 


flimn 








Total 


8,125,828 


1,880,91400 





PHILIPPINE ISLANDS. 



Denomination. 


Pieces. 


Value. 


Pesos .- 


16,128,000 
2,106,000 
2,735,000 
4,033,911 


Pe»o. 
16,128,00a00 
l,OS2,50a0O 

547,ooaoo 

403,301.10 


50centavos 


20 centavos 


lOoentavos -.._.. _ . _ ... 






Total 


25,001,911 


18,130,801.10 





Thepercentage of coins produced from the amount operated upon 
was: Grold, 58.58 per cent; silver, 57.76 per cent. This has been a 
record-breaking year for the coining department of this mint, the 
total number or pieces coined and delivered exceeding the production 
of any previous year by 4,231,025 pieces. 



NUMBER OF EMPLOTEES. 



The total number of emplovees in this mint at the close of the 
fiscal year 1908 was 317, distributed as follows: 



Department. 


Male. 


Female. 


Total. 


Qeneral 


87 
17 
61 
70 


1 


81 


88 


Ainajmr'ff ... , , , 


17 




61 


Coiner's 


151 






Total 


235 


82 


317 







HINT OF THE UNITED STATES AT NEW OBLEANS, LA. 

The standard weight and value of gold and silver deposited at this 
mint during the fiscal year was as follows: 



MetaL 


DepoAits. 


Standard 
oonoes. 


Coining 
vahie. 


Gold 


780 
100 


46,296.675 
4,535,796.480 


t861,333.47 


Silver 


5,278,017.71 








Total 


880 


4,582,093.155 


6,139,351.18 







818 



BBPOBT ON THBf FINANCBS. 



There were purchased over the counter 2,659,268 ounces stand- 
ard of uncurrent domestic gold coin, of the face value of $49,989.50. 
producing in new coin $49,474.74, showing a loss in recoinage of 
$514.76, and 160.49 ounces standard of uncurrent domestic silver 
coin, of the face value of $201.25, producing in new coin $199.66, 
showing a loss in recoinage of $1.59. 

The treasurer transferred for recoinage uncurrent domestic sub- 
sidiary silver coin of the face value^ of $64,550, containing 48.064.30 
ounces standard silver, producing in new coin $59,800.05, snowing 
a loss by wear of $4,749.95. 

There were deposited 204.762 ounces standard gold (unrefined) 
domestic bullion, producing in gold coin $3,809.52. 

'Hiere were aeposited 621.34 ounces standard silver domestic 
buUion, producing in standard dollars $723.01. 

There were deposited 38,519.085 ounces standard gold imrefined 
foreign buUion, producing in gold coin $716,634.14. 

There were deposited 21,450.70 ounces standard silver imrefined 
foreign buUion, producing in standard dollars $24,960.81. 

The following table shows" the countries from which the bullion 
was received: 





Gold. 


snver. 


Country. 


Standard 
ounces. 


Vahio. 


Standard 
ounces. 


Coining 


Mexico 


1,024.039 

36,140.266 

299.750 

957.044 

97.077 


$19,068.63 

672,377.04 

5,576.91 

17,805u47 

1,806.09 


12&36 

21,056.38 

53.50 

74.55 

140.82 


fl4&.87 


Nicaragua 


24,501.97 


Hondivas 


Onatpmala. 


86,75 


C06ta Rica 


163.86 






Total 


38,519.065 


716,634.14 


21 450. 70 1 ^<A <Mfi in 









Foreign gold coin containing 1,881.494 standard ounces of the 
coinage value of $35,004.54, and foreign silver coin containing 
66,577.83 standard ounces of the value of $77,472.38 in standard 
silver dollars were received. 

Gold bullion amounting to 3,018.180 standard ounces and coinage 
value of $56,152.19 and silver bullion 4,978.570 standard ounces 
and coinage value of $5,793.25 in standard silver dollars was ob- 
tained from jewelers' bars, plate, etc. 

The number of employees during the fiscal year were as follows, 
the superintendent and operative officers not included: 



I>epartnKnit. 


Male. 


Female. 


TotaL 


General 


29 
3 
11 
22 

C5 


7 


96 


Assayer's 


3 


Melt^ and refiner's 






u 


Coiner's 




38 


00 








Total 


45 


110 



DmBCTOB OF THE MINT. 
Assater's Department. 



319 



The following is the assayer's report of the fineness of the silver 
and gold ingot melts passed dinring the fiscal year 1908: 



SILVER INGOTS. 



Fineness. 


Number 
of melts. 


Fineness. 


Number 
of melts. 


898.4 


4 

57 

147 

2 

488 

93 

15 

87 


899.7 


23 


898.6 


809.8 


5 


898.8. . 


900 


7 


8989 


Condemned 




880.1 


928 


899.3 


3 


899 4 


Total 




899.5 


931 









GOLD INGOTS. 



Fineness. 


melts. 


809.9 


1 


900 


1 








Total 


2 


CoodBmiied 










Number of Deposits, Purchases, Ingots, and Bars Received and Assayed dur- 
ing Fiscal Year 1908. 



Classification. 



Deposits 

Purchases (fine bars) 

Mint bars issued 

Ingot melts 

Meiter and refiner's consolidated melts. 

Superintendents' bars 

Coiners' grain bars 

Meiter and refiner's srain bars 

Meiter and refiner's fine melts 

Assayer's bars 

Mint Bureau samples 

Tranjb r orders 

Sweeps 



Total. 



Gold. 



780 



918 



Silver. 



100 

3,408 

8 

931 



4,577 



Total. 



3,408 

52 

933 

30 

13 

6 
19 
33 

4 
19 

2 





5,495 



Melter and Refiner's Department. 

The meiter and refiner received and operated upon 111,959.889 
standard ounces of gold bullion and returned at the settlement 
112,078.779 standard ounces, showing a surplus of 118.890 standard 
ounces. He also received and operated upon during the same 
period 8,406,388.43 standard ouncesof silver and returned 7,416,073.43 
standard ounces, showing a wastage of 1,929.93 standard ounces, 
being 15.3 per cent of his legal allowance. 

From 95 barrels of sweeps there were obtained 97.052 standard 
ounces of gold and 5,732.42 standard oimces of silver. 



920 



BEPOBT ON THE FINANCES. 



Tho number of gold and silver ingot melts made and the number 
(umdomnod by the assayer is as follows: 



ae^Cu 



'IS»I»\ 



Melts. 


Number 
made. 


Number 


, . . , 


2 
031 




w ......v.'. 


3 




833 


8 


- 



Melts Made dubino the Year. 



»W<|WM 22 

MMi\Kur !'.!'.!'.'.!'.'.'.".'.'.!'.;! n 

uSStlu^ioMiiMV.!;.;;;;;;;;:;;:;;;;;;;;;;;;;;;;^ jIq 



Silver deposits lOO 

Grain bars 19 

Qran illations 44 

Miscellaneous 30 



REFINERY OPERATIONS. 



I he weight and value of gold and silver operated upon in the 
I'etluery were as follows: 



Metal. 



UoW bullion 

WWer bullion 

Amount of gold and silver received tojin refinery: 
Uold 

Silver !;!!!;;;:;:;:!:;;:;;;:;;;::::;; 



standard 
ounces. 



Coining 
value. 



35,l4>.m 
81,26&97 

35,147.197 
80,438.95 



3653,901.33 
101,106.51 

653,901.33 
100,079.56 



Silver buUion on which charges were collected contained 21,427.33 
standard ounces. 

Silver buUion owned by the Government on which there were no 
charges contained 59,838.64 standard ounces. 

The refinery was in operation for only three months. 



Coiner's Department. 



During the fiscal year 1907 the coiner received and operated upon 
7,612,014.20 standard ounces of silver. 

He manufactured during the same period 4,185,206.63 standard 
ounces of silver coin, valued at $5,207,100, aggregating 16,266,600 
pieces, as shown by the following table: 

No gold coined auring this fiscal year. 



Denomination. 


Pieces. 

6,354,600 
6,924,000 
2,988,000 


Value. 


Half dollars 


SILVER. 


33,177,300 

1.731.000 

298,800 


QnartAr dollars -- 


Dimes 








Total 


16,266,600 


5,207,100 





The percentage of coin produced from the amount operated upon 
was, silver, 54.98. 

At the annual settlement of his accounts it was found that there 
had been a wastage during the year of 3,025.60 standard ounces of 
'Ver, being 39.74 per cent of the legal allowance. 



DIBECTOB OP THE MINT. 



321 



MINT OP THE UNITED STATES AT DENVER, COLO. 

The receipts of gold and silver during the fiscal year 1908 were as 
follows: 



Metal. 


Deposits. 


Redeposlts. 


Standard 


Coining yaloe. 


Gold 


3,865 
3,768 




760,259.507 
4,357,843.44 


114,144,364.59 
5,070,945.09 


SUyer 








Total 


7,623 




5,118,103.037 


19,215,309.68 







Domestic bullion, refined, carried 13,867.862 standard ounces gold, 
of a coinage value of $268,006.74, and 4,006,640.06 ounces of silver, of 
a coinage value of $4,662,272.06. 

The metallurgical plants, manufacturing high-class bars below .990 
assay fineness, furnished 264,922.146 standard ounces gold, of a 
coinage value of $4,742,737.59 and 10,426.69 standard ounces silver, 
of a coinage value of $12,132.88. 



OFFICERS AND EMPLOYEES. 



The number of officers and emplojziees in the mint at the close of 
the fiscal year was as follows: 



Department 


Men. 


Women. 


Total. 


G^n^nU 


60 
10 
32 
24 


2 


62 


Aasayer's 


10 


Coiner's 


47 


79 


M«lt«r Mid RfifltiAr'*? .... 


24 










Total 


126 


49 


176 







Assay Depabtment. 

The operations of this department during the fiscal year 1908 were 
as follows: 

Samples Operated Upon. 



Items. 



Gold. 



SUyer. 



Total. 



DepodtB 

Ezohannbars 

Return bars 

Silver bars (special purchase).. 

Anode melts 

Mint fine bars 

Ingots 

ConsoUdated melts 

Enerimental assays 

Bullion assays 

Copper bars 

Muter and refiner's grain bars. 

Collier's grain bars 

Supertntendent's bars 

AanyWsbars 



lassays 

Servloebars. 

To« 



01 

211 

438 

7 

564 

16 

10 

18 

8 

5 

13 

41 

379 

77 



5,746 



562 
14 



3,182 
371 
120 

1,776 



17 
41 
468 
74 



6,672 



4,305 

46 

3 

3,182 

462 

331 

2,214 

7 

564 

20 

10 

49 

20 

5 

30 

83 

847 

ISl 



12,418 



68716— Fi 1908 21 



REPOBT ON THE FINANCES. 



,,.., M,70B 

1fi\W USAV'h ^'fSi. 

m^Vip SMftVA 2J 

k-'/net rf«r"l<'«ua!»u.YS *£ 

* 'iai*A of iiroof gold made JJf 

• .jIAta intta<» ifSS 

Lfturt* nit and roUed 14,000 



FINE GOLD DETERMINATIONS. 



'IHus reported fineness of the refined gold melts during the fiscal 
Vi'ur UH)8 were as follows: 



Fineness. 



UOO.l 
900.2 
000.3 
000.4 
000.5 
990.0 



Number 
of melts. 



Fineness. 



999.7 

Total 



Number 
of melts. 



40 
21 

S 



3U 



INGOT FINENESSES. 



The reported finenesses of the gold and silver ingot melts during 
the fiscal year 1908 were as follows: 



Fineness. 


• 
Number of 
melts. 


Fineness. 


Nmnber^of 
niBlU. 


GOLD. 

889.7 


7 
38 
146 
185 
44 
4 


SILVER— Continued. 

899.9 

900.0 


16 


809.8 


7 


899.9 


900.1 


e 


900.0 


900.2 

900.3 


1 


flOO.l 


1 


900.2 


900.4 


2 




Remelted 




Remelted 


424 
9 
5 


'"Ti 


Condemned 


Condemned ..... ....... 


1 




Total 




Total 


438 


1,701 




MEXICAN SILVER INGOTS. 

798.5 




SILVER. 

806.6 


152 
153 
208 
171 
234 
166 
146 
121 
91 
79 

S 
39 

22 


3 


808.7 


798.6 


e 


806.8 


798.7 


u 


808.9 


1 798.8 


11 


899.0 


798.9 


11 


899 1 


799.0 .. .. 


a 


899.2 


799.1 


3 


899.3 


799.2 

799.3 

799.4 

799.6 


14 


899.4 


8 


899.5 

899.6 


4 

1 


899.7 

899.8 


Total 




7S 









Melter and Refiner's Department. 

The melter and refiner received from the superintendent during 
the fiscal year ended June 30, 1908: 

GOLD ACCOUNT. 

Standard QonoM.' 

In bullion 2,747,2I4aM 

Returned prior to settlement 2, 477,972.098 

Returned at settlement 269,731. 619 

3,747,7ot. nr 

Surplus in gold recovered 



DIBECTOB OF THE MINT, 



328 



SILVEB ACCOUNT. 

InbuUion 7,518,918.a 

Retonied prior to setUement 6, 665, 331. 67 

Returned at settlement 865,023.54 

7,630,355.21 

Surplus In silver recovered 11,438.52 

The surplus was recovered from unreported fractions of assays, 
from the oifference between standard and actual fineness of ingots 
delivered, and from fractional gains in weight of deposits. 

The following melts were made: 



Melts. 


Gold. 


SUver. 


Gold and 
sUver. 


Total. 


Deposits 


438 

211 

18 


602 
470 
1,776 
117 
31 




4,742 
919 


Anodes 




Ingots 




2,214 
328 


Mint bars 




Settlement bars 




49 


MiifOAllAnAniM 


728 


728 










Total 


5,256 


2,996 


728 


8,980 


..M. . 



Ingot melts condemned: Gold, 5; silver, 1. 

One continuous run on silver ingots weighing 3,556,313.56 ounces 
was made without having a melt condenmed or remelted. 

During the year there were gathered 1,525 sacks of sweeps, con- 
taining, by mint assav, 435.145 standard ounces of gold and 2,872.82 
standard ounces of silver. 

Refinery operations, covering a period of nearly ten months, were 
as follows: 

GOLD ACCOUNT. 

Standard ounce s 

Delivered to the refinery 1, 386, 919. 608 

Returned In fine bars 1,303,389.683 

Returned in settlement 83, 724. 164 

Returned in sweeps 238. 938 

1,387,352.785 

Surplus In gold returned 433. 087 

SILVER ACCOUNT. 

DeUvered to the refinery 604, 339. 17 

Returned in fine bars 521,192.25 

Returned in settlement 86,909. 48 

Returned in sweeps 1,393. 22 

609,494.95 

Surplus In silver returned 5, 155. 78 

Earnings of refinery: 

Charees collected $47,322.53 

Surplus bullion recovered 14, 952. 97 

Total 62.275.50 

Average fineness of parted metals: Gold, 0.9996; silver, 0.9993. 

Coiner's Depabtment. 

During the fiscal year 1908 the coiner received from the superin- 
tendent 2,696,697.90 standard ounces of gold, making therefrom 
$31,440,000, on which there was a wastage of 70.936 standard ounces, 
being 5.26 per cent of the legal allowance. He also received during 
the same period 6,488,225.60 standard ounces of silver, making 



824 



REPORT ON THE FINANCES. 



therefrom $6,001,000 in subsidiary coin, on which there was a wast- 
age of 2,147.17 standard ounces, being 33.09 per cent of the legal 
aUowance. 

The following table shows the denomination, niunber of pieces, and 
value of coin made: 



DenomlnAtion. 


Pieces. 


Value. 


Double eagl^ 


GOLD. 


1,346,250 
210,000 
483,000 


$20,925,000 
2,100,000 
2,415,000 


ki^ips , , . r , 


Half eagles 








Total gold 


2,030,250 


31,440,000 




StLVKR. 


Half dollars 


6,120,000 
4,976,000 
6,970,000 


8,000,000 


Quarter dollars 


1,244,000 
097,000 


ffimes 






Total silver 


18,066,000 


5,001,000 






Total coinage 


20,105,250 


35,441,000 


1 — 



During the period from April 1. 1907, to August 1, 1907, he received 
4,358,049.09 standard ounces or 50-centavos silver ingots for Mexi- 
can coinage, making therefrom 6,199,291 pieces on which there was a 
wastage of 2,916.12 standard ounces, being 66.91 per cent of the legal 
allowance. 

The per cent of coin produced from amount of ingots operated on 
was: Gold, 62.93 per cent; subsidiary silver, 61.96;per cent; Mexican 
50-centavos, 50.81 per cent. 

ASSAY OFFICE OF THE UNFIED STATES AT NEW YORK, N. Y. 

The report on the business of this office for the fiscal year 1908 
is as follows: 



Uulllou received. 

Gold 

SUvor 

Totol 



Deposits. 



10,898 
2,845 



13,743 



Kedeposlts. 


Standard 
ounces. 


Colnaee Ttlue. 


4 
24 


7,083,832. 101 
5,544.1&S.42 


6,4fil,38QL» 


28 




138,943,107.60 







The gross weight of the above bullion was 11,821,125.41 ounces, an 
increase over last year of 3,850,282.97 ounces. 

The value of foreign gold bullion and coin deposited was $79,188,- 
392.28, an increase over last year of $45,190,681.17. 

The value of domestic gold coin and bullion deposited was $52,603,- 
642.69, an increase over last vear of $8,844,830.01. 

The sources of domestic gold bullion and coin were as follows: 

From new production in the IJnited States and Territories S5»556»n<LaO 

From private refineries 41,687,01141 

From Jewelers' ban, plate, etc 4,691, ItL 19 

From redeposited buUion t,147. U 

From United States gold coin of light weight 786,981 27 

Total 6MQI>Ma«9 



DIBECTOB OP THE MINT. 



325 



This statement shows an increase over last year in the amount of 
gold bullion received from private refineries of $8,486,051.11, and 
from United States gold coin of light weight of $140,176.97. 

Of the fine silver received during the year, $1,996,097.73 standard 
ounces consisted of purchases. 

The redeposits of silver consisted of 85,470.71 standard oimces, 
contained in fine bars made at this office, and 29.36 standard ounces 
of imparted bars made at the Denver mint and the Boise assay 
office. 

The unparted bullion received during the year has been transmit- 
ted to the Philadelphia mint for treatment, as the parting opera- 
tions have not been resumed during the year. 

The deductions from base silver bullion received from July 1, 1907. 
to February 28, 1908, inclusive, for the benefit of the melter ana 
refiner's accoimt amoimted to 1,935.35 oimces, containing 62.87 
oimces fine gold and 1,448.56 ounces fine silver. 

The surplus bullion recovered by the melter and refiner in his 
operations was 1,293.19 ounces fine silver, and he incurred a wastage 
of 55.165 oimces fine gold. 

The amount of buflion delivered to and returned by the melter 
and refiner to the superintendent during the fiscal year 1908 was as 
follows: 



Items. 



Delivered to 

the melter and 

refiner. 



Returned by 

the melter and 

refiner. 



Gold.. 
SUver. 



Standard ozs. 
.7,313,458.888 
6,675,064.20 



Standard ou. 
7,313,414.31 
5,676,377.39 



The grains and fluxes from the deposit melting room yielded 
$10,466.38; the sweeps (119 barrels), $13,408.93. 

Tiiere were stamped during the year 50,903 gold bars and 15,451 
silver bars; previous year, 73,759 gold bars and 23,041 silver bars. 

Odd bars issued to depositors of bullion for domestic use 13,041,410.82 

Gold bars exchanged for gold coin for domestic use 17,152,888.04 

Total gold bars issued for use in the arts, etc 20, 194, 298. 66 

showing a decrease of $8,722,611.05 compared with last year. 

The value of gold bars exchanged for gold coin for export was 
$40,799,187.96, being an increase over that of last year of 
$15,628,288.17. The income from the exchange of gold bars for gold 
coin was $25,014.44. 

The force employed in this oflSce at the close of the year comprised 
81 men and 3 women, including the superintendent, assayer, melter 
and refiner, and 81 otners, distributed as follows: 

General department 31 

If elter and refiner's department 41 

Assayer's department 12 

Total 84 

During the year the old refinery building has been taken down, 
but actual operations in the builoing of a new one have not been 
begun. 

This report covers the business for one and one-half months, to 
August 15, 1907, under the incumbency of the previous sii^YvcAKcAr- 



326 



REPORT ON THE FINANCES. 



ent, and the remaining ten and one-half months of the year under 
that of the present superintendent. 

Assayer's Depabtment. 

There were assayed 10,898 melts of gold deposits and 2,845 melts 
of silver deposits, a total of 13.743 melts involving 68,715 assays. 
The fine gold and fine silver melts assayed were about 431 and flie 
fineness was stamped upon 50,903 bars of gold and 14,451 bars of 
silver, a total of 66,354. 

Special assavs number 995, being largely articles of jewelry and 
manufacturers samples. 

Assays were made on 205 barrels of sweeps and on 174 consoli- 
dated melts for shipment to the mint, with the usual incidental ones 
for the melter and refiner, etc. 

All proof gold, proof silver, and cupels used were made in this 
department. 

An electric pyrometer has been installed in the laboratory and has 
proved of great assistance in determining the different heats of the 
gold, silver, and copper cupellation. 

Melter and JR,efiner's Department. 

The business of this department during the fiscal year 1908 is as 
follows: 



Items. 


Gross amount. 


Standard gold. Standard silver. 


Settlement metal of June 30, 1907 


Ounces. 

362,551.16 

388,876.643 

} 607,894.68 

6,375,352.91 

} 4,549,001.18 


Ounces. 

229,637.005 

380,400.799 

5,646.984 

6,637,559.632 

60,214.468 


Owtetf 
132,22L97 


Oold deposits, July 1 to August 15, 1907 


24,632.« 


Silver deposits, Jiuy 1 to August 15, 1907 


Silver purchases, July 1 to August 15, 1907 


530,6191 14 


Oold deposits, August 16, 1907 to June 30, 1908 

SUver deposits, August 16, 19J7, to June 30, 1908 

Silver purchases, August 16, 1907, to June 30, 1908 


201,53L27 
4,788,079.42 


Total 


12,183,676.573 


7,313,458.888 i lLA7&afU.n 









The number of gold deposits melted was about 10, 8B8 

The number of silver deposits melted was about 2,846 

Total 13,741 

The number of fine, standard, mint and unparted bars made was: 

Gold, 50,903; silver, 15,451; mint and unparted, 17,041. Total 
83,395, containing 7.218,263.714 oimces or standard gold and 
5,533,394.20 ounces or standard silver. 

Deductions on base silver bullion were 1,864.80 oimces gross esti- 
mated as containing 1,500 ounces of standard silver. 

There was refinea by fire and fluxes, fiine, standard and mint gold, 
2,430,443.117 standard ounces; fine, standard and mint silver, 548,- 
067.13 standard ounces. There was returned from melters and 
delivered to superintendent as imparted mint bars: Grold, 259,- 
392.448 standard ounces; silver, 392,191.66 standard ounces. 

Ten and three hundred and eight-thousandths ounces of standard 
gold (value, $191.78) and 422.48 ounces of standard ^silver (vfdue. 
$261.94) were returned in settlement of August 15, 1907, in excess or 
amounts debited to the melter and refiner, and in the settlement of 
June 30, 1908, there was a wastage of 55.165 ounces of standard sold 
(value, $1,026.34) and an excess of 870.71 ounces of standard auver 
(value, $423.72). 



DIBECTOR OF THE MINT. 327 

The following statement shows the relation between the e^enses 
of this department for parting and refining and charges collected 
therefor: 

Receipts: 

Charges coUected 1119,177.87 

Gold surplus of August 16, 1907 191.78 

Silver surplus ol August 15. 1907 261.94 

Silver surplus of June 30, 1908 423. 72 

Old Iron sold 637.04 

Old lead and antimony sold 1,981. 45 

Old copper sold ,... 184.98 

Total 1122,86a 78 

Expenditures: 

Labor, per pay roll 44,556.06 

Charges of Philadelphia mint 57,806.83 

Fuel and steam 5,061.07 

Fluxes 764.11 

Miscellaneous 16,944.28 

Loss on sale of sweeps 1,684. 07 

Gold wastage of June 30, 1908 1,026.34 

Total 127,842.76 

Excess of expenditures over receipts 4,983. 98 

THE MINT OF THE UNrTED STATES AT CARSON, NEV. 

The value of the deposits at this mint, conducted as an assay 
office, during the fiscal year 1908 showed an increase of $937,552.31, 
or nearly 114 per cent over the deposits of 1907. Gold to the value 
of $1,707,399.16 and silver valued at $53,681.38 were deposited. 
Foiu'-fifths of this amount originated in Nevada; the balance from 
California. 

The operations required a total of 4,485 assays. This number 
includes deposits, consolidations, bullion and ore assays for gold, 
silver, copper, and lead. 

The weight of deposits before melting contained 139,366.31 ounces 
and the weight after melting 136,683.31 oimces, an average loss in 
melting of 1.92 per cent. 

The force of employees consisted of 7 men during the first eight 
months of the year, and 9 during the last foiu* months. 

The following taole shows the amount of deposits, earnings, and 
expenditures, together with the percentage of net expenses to deposits 
for the fiscal year: 



Item. 



Deposits: 

Gold 11,707,39