Show S 1 tear in ahe alii broj tf Fiu aree nov 10 houston of llie united io ins report ol 01 the operations of ins allica during the year and the condition ot the treasury on june the year is characterized as a remarkable ODO in lie history of public finance bolli revenues and been exceeded but few times bince the foundation or the government the former amounted to and the latter to of paid in premiums on bonds purchased llie surplus revenues on june joth acro decrease compared with the year before counting the bands cm ordinary ture on june 30 h nas in the treasurers treasur ers cu tody in aaili and thes and a afar later the sum 0 current diab liliee de created in the interval rom alts to and tho re COO to alie gold in lie treasury in ex of was in 1888 and in 1889 the loss of gold both in the and the amount not covered by certificate amounting to nearly four ter cent the position of the treasury as strengthened in every respect save amount of deemo total a bets lia b huiea and reserve all fell off about 14 per cent at the beginning of the year free god was and in of the demand of liabilities during the year national banks withdrew i of their bands held by the treasury aa security for circulating of public atio deposits amount to 2 remained at the cluse of the year belonging to banks as security for circulation and banks ai tor deposits the amount of public monies held by depository backs ran down from to to the deml annual lax on circulation amounted to 1410 for the year the net deposits during alie year amount to of which eum vas for the reduction of the circulation of active banks the question quee tion whether national banks could be required to redeem unsigned notes from them and put into his been aad the treasurers treasur ers opinion ia that as the law plainly requires banks to provide for redena eption t f notes issued to i hem whether regularly paid out or not the innocent holder is entitled to the advantage 0 the provision the report akwa with some ariti timms on the inferiority of the provisions for the earty of the public funds and makes certain recommendations for improvement |