UNITED STATES OF AMERICA. (THE SUPREME COURT.) 



683 



Available for ordinary expenditure, was $211,681,- 

 177, of which $150,556,000 was held in United 

 States national-bank depositaries, and the re- 

 maining $61,000,000 was in the Treasury vaults, 

 great growth in the use of depositary banks has 

 iken place during the past five years. The num- 

 er of such banks increased from 165 in 1897 to 

 700 at the close of 1902, and in that time their 

 loldings of public funds increased from about 

 ^15,000,000 to $150,000,000. The following tables 

 low the assets and liabilities of the Treasury 

 ar the years ended Dec. 31, 1901 and 1902: 



in that city. The following table shows in detail 

 the coinage of the year, compared with 1901 : 



The changes in the public debt are shown in the 

 allowing table: 



There were also outstanding at the close of the 

 ilendar year $346,681,016 in United States notes, 

 Dmmonly called greenbacks, and $24,053,000 

 Treasury notes of 1890. Under the operation of 

 the act of March 14, 1900, the Treasury notes are 

 radually being retired, their place being taken 

 by silver certificates as rapidly as the bullion pur- 

 chased under the act of 1890, for which Treasury 

 aotes were issued, is coined into silver dollars. 

 There was a material decrease in the coinage 

 the mints, particularly gold coinage. At the 

 ime time there has been a corresponding increase 

 bullion. The cause for the decrease in coinage 

 due largely to the fact that operations were 

 ispended at Philadelphia while the change was 

 eing made from the old to the new mint building 



The following table shows the amount of 

 money in circulation Jan. 1, 1903, compared with 

 the same date in 1902: 



Jan. 1, 1903, the circulation per capita was 

 $29.43, against $28.69 for Jan. 1, 1902. 



The Supreme Court. Oliver Wendell Holmes, 

 of Massachusetts, was appointed Associate Jus- 

 tice in place of Horace Gray, deceased, and took 

 his seat on the bench Dec. 8, 1902. 



The number of cases docketed and pending at 

 the beginning of the October term, 1901, was 732, 

 of which 377 were disposed of during the term. 

 The number actually considered by the court 

 was 375, of which 168 were argued orally and 

 126 were submitted on printed arguments. 

 Among the cases of general interest decided were 

 the following: 



Controversy between States. The court, in an 

 opinion delivered by Chief-Justice Fuller, April 7, 

 1902, overruled the demurrer of the State of Colo- 

 rado in the case of Kansas rs. Colorado. The 

 case involved the right of Colorado to appro- 

 priate for purposes of irrigation the waters of 

 Arkansas river, which Kansas sought by an 

 original action to restrain on the ground that 

 the stream flows through Kansas and the people 

 of the latter State are injured by Colorado's 

 appropriation of the water. Colorado contested 

 the jurisdiction of the court in the case and filed 

 a demurrer. The court held that the case is one 

 in which it can properly assume jurisdiction, and 

 the next proceeding will be for Colorado to an- 

 swer the bill of complaint. 



Insolrcnt Xatinniil Hanks. The case of Stude- 

 baker rs. Perry, receiver of the National Bank 

 of Kansas City, involved the question whether 

 the Comptroller of the Currency, acting under the 

 national banking laws, can validly make more 

 than one assessment upon the shareholders of an 



