726 



UNITED STATES, FINANCES OF THE. 



RECEIPTS. 



EXPENDITURES. 



ing the year. The reserve fund of $150,000,000 is 

 now, under the law, separately reported, leaving for 

 the available cash balance of the Treasury on Dec. 

 31, 1900, $140,107,336. The remainder of the entire 

 assets is held in trust to meet the payment of 

 certificates, checks, coupons, or other demand obli- 

 gations of the Government, and can not be used 

 for any other purpose. The following table shows 

 by items the assets and liabilities of the Govern- 

 ment on Dec. 31, 1900, and similar items for the 

 previous year: 



The not of March 14. 1900, nbove referred to. 



nuthom.njMl,,. ..x.-hansro of bonds, deHares ,l, ;1 , 



lie gold dollars of present weight and fineness shall 



be standard of value, and that all forms of money 

 issued or coined by the United States shall be 

 maintained at a parity of value with this stand- 

 ard, and imposes upon the Secretary of the Treas- 

 ury the duty of maintaining such parity. To 

 that end the act authorizes redemption in gold 

 of the United States notes (greenbacks) and the 

 Treasury notes issued under the act of July 14, 

 1890, when presented for that purpose, and to 

 secure such redemption authorizes $150.000,000 of 

 gold in the Treasury to lie set apart as a reserve 

 to meet such redemptions and to be used for no 

 other purpose: and when notes are redeemed from 

 the fund, the Secretary of the Treasury is required 

 to restore the reserve, first, by exchanging the 

 notes for gold in the general Treasury, second, 

 by exchanging the notes for gold deposits: and, 

 third, by purchasing gold therewith. If these 

 measures fail, 3-per-cent. bonds may be issued for 

 gold as necessary to maintain the fund. The notes 

 so redeemed may be paid out as above stated 

 for gold, also for purchase of bonds, or for any 



