Show UNCLE SAM PROSPERS Past Year Has Been a Good One for Him INDEBTEDNESS CUT DOWN Beccipts in Excess of Expenditures Amount Roundly to One Hundred Million Dollars Public Debt Ens Been Reduced i Iiarge Amounfs IT S Bonds to the Par Value of Nearly Fiftyjtfino Million Dollars Have Been Redeemed and Cancelled celled Washington Dec 3LThc treasury Is In a condition of unexampled strength said Secretary Gage today when asked review briefly the treasury treas-ury situation at the close of the year Only a month ago In my annual report re-port to Congress I reviewed these conditions The figures for te last month have made but little change For the calendar year TVO show receipts ceipts In excess ot th ordinary expenditures expen-ditures amounting roundly to one hun dred million dollars Such a excess might have resulted In serious embarrassment rassment had not the department ben able by means of this surplus to reduce re-duce the public debt In large amounts PARING DOWN THE DEBT Since April 1st last tho treasury has redeemed and canceled United States bonds to the par value of 55 714700 which have been applied to the sinking fund and th disbursement resulting therefrom was 72226846 The available cash on hand Is therefore only about 30000000 larger than the amount held a year ago Comparing tho situation C it i today to-day with April 1 1S97 the result Is most gratifying On the latter day the treasury held money of all kinds t tho amount of 250873000 Including 100000000 as a gold reserve leaving therefore 160000000 as a cash balance bal-ance Today In money of all kind the treasury holds 250659000 and if we deduct the 160000000 now held R 0 gold reserve the balance stands at 16000000 or 4000000 less than 1twn Apri 1 1S97 I will be seen therefore there-fore that substantial equilibrium h been maintained INCREASE I CIRCULATION There hns been a very material Increase In-crease in the volume of money In circulation cir-culation since March 1 1597 as well as In the amount per capita The volume of money on that date outside the treasury was 1075694933 and the amount of money outside the treasury was 2250256230 and the amount per capita was 2873 Tho Increase In amount therefore was 571561277 and 559 the increase per capita was GOLD COIN INCREASED The amount of gold coin and gold certificates In circulation Increased from 553800515 on March 1 1S97 to 911300050 on December 1 1901 Every other kind t > f nioney In circulation circu-lation Is greater In amount now than on March g 1897 with the single exception ception of tho treasury notes of the cepton July 1 1890 The amount of these in circulation December 1 1901 was only 40012622 a against SJ54C 021 on March 1 1S97 This reduction In volume grows out of the natural operation oper-ation of gOWS act of July 1 1S90 and the act of March 11 1900 NATIONAL BANK CIRCULATION The increase the amount of atonal tional bank notes In circulation during tonal tho period In question was 13213273L This Increase is mainly attributed t the act of March 1 1900 |