People's Pilot, Volume 4, Number 34, Rensselaer, Jasper County, 16 February 1895 — THE GOLD AND BONDS. [ARTICLE]

THE GOLD AND BONDS.

SECRETARY CARLISLE GIVES OUT A STATEMENT. Figures of Amounts Used for Current Expenses—Actual Amount of Gold in the Treasury sit Various I’eriods — General News, I Washington, Feb. 14.—Secretary Car- : lisle to-day sent to the senate his reply to a resolution recently introduced by | Senator Gorman asking for information ! as to what portion of the gold reserve in the treasury on Jan. 1, 1393, had been used for current expenditures, and how I much of the fund realized from the re- : s ent sale cf l ends has been so used. I and the amount required to replace the money so used. The secretary says that the original reserve, augmented by the gold proI ceeds of the sales of bonds, was dimin- ' ished during the peri: d of twenty-five months to the extir.t of $172,674,315, of f i $105,002,143 was, directly or in'v, devoted to current expenses, : $1.7,672,172, which had been eonvert- ! .d into notes by the process of redemption, was still on hand. “It is proper to stale in inis connection,” says the secretary, “that when United States notes or treasury notes cf 1890 were redeemed in gold they were received into and held as part of the general cash assets in the treasury, the same as any other money belonging to the government, and under the acts of May 31, 1878, and July 14, 1890, they are paid out when- necessary to defray public expenses. When ever it has been , possible to do so the redeemed notes have been used to procure gold coin by ! exchange with banks and other financial institutions, and in this way a large amount of gold was restored to the gold reserve fund during the summer of 1893, i.nd some since that time.” A table submitted shows that total assets in the treasury in excess of certi-. i ficates and treasury notes outstanding on July 1, 1893, were $160,459,681 and on ' Jan. 1, 1894, $132,297,277. Of lhe first I amount $95,485,413 was gold and of the J second'sßo,B9l,6oo. The cash balance in. the treasury on Dec. 31, 1894, available for the current expenses of the government, but npt including the gold .reserve fund, is given as follows: Silver dollars and bullion....s 7,650,305 Fractional silver coin 14,483,636 United States notes...., 34,914,157 Treasury notes of 1890 28,369,950 National bank notes'.. 4,>39,972 Minor coins 1,104,186 Deposits in bank 15,081,275 Bonds and interest paid 12,247 Total ~i 5103,375,740 The actual amount of gold in the treasury on July 1, 1894, was $64,873,024, and on Jan. 1, 1894, $80,891,600. The amount of gold received from the sale of United States bonds from Jan. 1. 1894, to Dec. 31, 1894, both inclusive, was $117,380,282. The amount of treasury notes and United States notes redeemed in gold before the same dates was as follows: Treasury notess 17,804,045 United States notes 123,941,059

T0ta1,5141,745,104 The cash balance of gold on this account on Dec. 31, 1894, was $86,244,445. The amount of United States no’ies and treasury notes in the treasury Jan. 1, 1894, exclusive of United States notes held for the redemption of currency certificates outstanding was $6,289,086. Adding to this $141,745,104, the amount of such notes redeemed to Dec. 31, 1894. as above stated, and $15,117,738, the amount of like redemptions during the following months, gives a total of $193,151,928 of such notes as available during the whole period, exclusive bf ordinary receipts. The amount of these notes remaining in the treasury on Jan. 31, 1895, the date of the resolution, was $85,627,989, showing that of a total of $186,862,842 redeemed in gold from Jan. 1, 1894, there has been paid out the' sum of $107,523, 939, and there was remaining in the treasury a balance of $79,338,903. Of the amount paid out $67,985,453 was for current expenses and $39,538,486 was in-exchange for other kinds of money, including gold. The report also shows that on July 1, 1894, the unexpended balances of appropriations aggregated $78,291,105, and the total amount available for expenditures on that date was $364,616,414, making the total available appropriation on July 1, 1894, $442,907,520.. The expenditures during the six months ended Dec. 31, 1891, amounted to $186,952,480, leaving an unexpended balance on Jan. 1, 1895, of $255,955,039. Bureau of American Re-iiibllea. Washington, Feb. 14.—The annual report of Clinton Furbish, director of the bureau of American republics, has been laid before congress. Since the date of the last report the bureau has issued handbooks of the Argentine Republic, Ecuador, Hayti, Nicaragua and Santo Domingo, twelve monthly bulletins and the first volume of the code of the commercial nomenclature of 852 page s. The handbooks of Honduras, Salvador and Paraguay are in print and nearly ready for issue. The second volume of the code of nomenclature is also in print. The issue of the above, the report says, will complete the series of handbooks of the republics forming an international union. B 11 Become, a l aw. Washington, Feb. 14.—P resident Cleveland signed the Chicago postoffice bill at 10 o'clock last night. The measure was one of a pile awaiting his approval or disapproval. As he took it up be smiled, laid down the pen he had been using and bade Private Secretary Ti.urber give him a fresh one. Thurber complied.