The Sun.
London, England, 1869-12-25 00:00:00

Treasurer Spinner's Report instantly found its
way into the newspapers. During the fiscal year
the letters to his office were 102,978, of which-
-28;518 contained !dopey ; 66,718 were despatched,

. _
of which but 6,428 were in manuscript. For every
working day, between the 11th May and the 25th
November, half a million dollars were paid towards
the Sinking Fund, and other means of redeernina.
the debt, which amounted, with interest and
premium on the Bonds purchased, to $89,282,272.
The Treasttrer holds in trust $75,478.800 Six
per Cent. Bond=, 611 which the net income in
dividends is $1,528,728 per annum. The interest-
received has been already $704,304 in go'd which
Imi-chased other bonds representing. $784,000,
nil sl.wild this process be c.ntinuei the National
I.),:bt will be paid off in less than 13 years. lie
then recapitulates the Government paper of all
kinds issued as money remaining outstanding and
unpaid to the 30th June, 1869, and hs gives the

amount destroyed to that date from June, 1861, rs
5'3.718,645,129. He next touches on the National
13:tnizs. At the date of the last annual report the
:lumber of National B tnks that had deposited
Tufted States securities preliminary to their organi-
.ation was 1,682 ; number organised during the
fiscal year, 10 ; whole number of banks organised
up to and including June 30, 1869, 1,692 ; whole
number of banks having securities in the custody of
the office for their circulating notes, and that have
paid duty to the Treasury, was on the 30th of

June, 1869, 1,661 ;
_failed prior to June 30th,

11868, money realised from sales of stocks, 10 ;
withdrawn, having no..eirgulatioD, 12;..failed1eefora
Jthrt-50, 186;,, securities in part still held 3; failed
in last fiscal Sear, securities in part still held, 1 ;
withdrawn and money to redeem circulation depo-
sited prior to June 30, 1868, 3 ; withdrawn and
money to redeem circulation deposited in the fiscal
year, 2; whole number of banks organized from the
beginning, 1,692. • New National Banks Organized
—The ten new banks made their first deposits of
securities in the order following : First National
Bank of Mankate, Minnesota; Pacific National
Bank of Council Bluffs, lowa ; First National Bank
of Sharon, Pennsylvania ; Farmers' National Bank
of Bangor, Maine; First National Bank of Fair-
hank, Minnesota ; First National Bank of Hills-
borough, New Hampshire ; Ohio National Bank of
Cleveland, Ohio ; First National Bank of Austin,
Minnesota; Union-square National Bank of New
York, New York; First National Bank of Mar
freesboro', Tennessee. National Banks that have
Failed—ln 1865, First National Bank of Attica,
New York ; in 1866, Merchants' National Bank of

Washington, D. C. ; in 1866, Venango National
Bank of Franklin, Pennsylvania ; in 1867, First
National Bank of Medina, New York ; in 1867,
Tennessee National Bank of Memphis, Tennes-
see ; in 1867, First National Bank of Newton at
Newtonville, Mass. ; in 1867, First National Bank
of New Orleans ; in 1867, First National Bank of
Selma, Alabama ; in 1868, National Unadilla Bank
at Unadilla, New York ; in 1868, Farmers' and
Citizens' National Bank of Brooklyn, New York ;
in 1868, Croton National Bank of New York, N.Y. ;
in 1868, First National Bank of Bethel, Connec-
ticut ; in 1868, First National Bank of Keokuk,
lowa ; in 1868, National Bank of Vicksburg ;
Mississippi ; in 1868, First National Bank of Rock-
ford, Illinois. Total number failed from the be-
ginning, 15. N.B.—The circulating notes of the
First National Bank of Newton, Newtonville, Mas-
sachusetts, have been assumed by the National
Security Bank of Boston, Massachusetts, which has
reimbursed the United States for former redemp-
tions. National Banks that voluntarily retired
and deposited funds in the Treasury to redeem their
circulation.—ln 1865, October 13, First National
Bank of Columbia, Missouri, 1; in 1866, August
1, First National Bank of Carondolet, Missouri, 1 ;
in 1868, June 16, Farmers' National Bank of
Waukosha, Wisconsin, 1; in 1869, April 20, First
National Bank of Jackson, Mississippi, 1 ; in 1869,
May 25, First National Bank of Cedarsburg, Wis-
consin, 1. Total, 5. The number of National
Banks having no circulating notes that had with-
ilrawn their securities at the commencement of the
fiscal year was 12, and none have been added to the
list since June 30, 1868. Total retired to June 30,
1869, 17. National Banks that, have never had
•ircula•ing notes that have withdrawn their securi-

ties from the custody of tlw Treasury.—First Na-
_tional Bank of Penn Yan, New York ; Second Na-
tional Bank of Ottumwa, I,.wa ; Second Natienal
Bank of Canton, lowa ; Berkshire National Bank
of Adams, Massachuse:ts ; First National Btnk of
Utica, New York (since reorgani-,ed) ; First Na-
tional Bank of No, wich, Connecricut. (since reor-
ganised) ; First National Bank of Flemington. New
' Jersey (no c introller's certificates) ; National
Bank of Crawford Comity, Meadville, Pennsyl-
vania ; City National Bank, Savannah, Georgir ;
Pittston National Bank of Pittston, Pennsylvania.
The franking privilege by law compelling the officer
who used it to affix on the envelope his autograph
signature he condemns as taking up nearly all the
time of a busy official, and he points out the ab-
surdity of putting the fac-simile of a signature on
a $l,OOO greenback, while forcing him to certify
by his signature the official character of a docu-
ment, which saves the Government three cents. The
Treasurer, in conclusion, rays : It is certainly in
no spirit of vain boasting the fact is stated, that in
the eight years and more that the Treasury of the
United States has been in my charge, during which
time money transactions were had that foot on the
books of the office at a sum exceeding $14,000,000,000
(an amount of money so great that the ordinary
human mind can scarce comprehend it), and not-
' withstanding the fact that vast amounts of money
have been and are every day handled by hundreds
of persons in this office, yet not one c nt has, up
to this time, been lost to the people of the United
States on account of the management of the Trea-
sury, or on account of the employs in this
office. if this is mere luck, then certainly I
have been the luckiest of men. Losses, it is true,
have occurred, but than far they have been so
small that they have always been made good to
the Treasury by the persons responsible for them,
or by voluntary contributions of the associates of
the unfortuitate ones. Although I feel I have the
right to say that I have always done my whole
duty to the utmost brink of my capacity for endu-
rance ; that I have Worked unceasingly in season and
out of season in the public service • and that I have
never done an official act that lam not willing
the whole world should know, yet it it is certain
that without the aid of an overruling Providence
that has directed the choice of honest and compe-
tent persons to aid in the arduous duties that de-
volved upon me, or without the kindness of all
shown me by your predecessors and yourself, such
a result would ,not have been possible. Ife 1 that
such good fortune cannot last always. The bark of
the most fortunate and skilful mariner may at last
be wrecked on some hidden rock • the law of chance
is now strongly against me. I therefore now, more
than ever, feel an anxious desire to retire from the
perilous position that I hold, the holding of which
I am sure has been of greater benefit to the good
people of the United States than to your humble
servant."