Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1864-04-06

From the y. !. Commercial Advertiser, March s ]
The following is an official statement of
the public debt of the United States as it
existed on the first of March:
UNITED STATES DEBT.
Four per cent. Tempo
rary Loan. ...... 81, SO, O92 o. SlO3I, 1892 %
Five per cent Tempo
rary 80 2e3, ,4O4 81 4O,Iss, ,919 46
Temporary Loan. coin. 95I7 90 454O 90
Past due Treasury Notes IL, 10000 l64, $50 90
suspended RequiStiOns2l ,3T5. .060 2T 1880 ST. 90
Temporary liabilities. $50 I'll, ,2O3 SO s4S 7 72s IS
Old public debt. .. 81 22l SOL so g. AZ 4l2 So
Three year 730 Bondsl39 536 $50 90 l3s 772 800 O0
United States Notes. $50 7S5 004 80 40 ll9 54s 10
Fractional Currency. Is, 2i6 290 Is is, 7I5 20 Il
Twenty years Loan 81 $4,000 900 90 So 0OO, 900 0O
Twenty years Bonds
exchanged .... I,227, 900 60
Ono year TreaSuryNOtes 2,074, AS 81 $3.50 900 90
Two year Treasury q $1,000 600 90 95, 500, ,03l 81
Oregon War Debt. 1,01B, 900 oO 1,0l6, ,0G0 90
Certificates OF lndcbt-
cdness ...... .l37, gS0, $50 90 1856 12l, $50 90
Six per cent s. 20Bonds503 l73 81 $40 lG5 446 81
Total amount Of debt February ,473, 225, IA IS
less amount in treasury. i.033. .064 GO
Total amount Of debt March lsi 81 52!, TO2, ,S3T 81
Less amount in treasury ... 9Il1, 1876 -
Total indebtedness March l, 1s64$l 5l3 29I o42 IS
From this return it appears that the evil
dcnces of debt outstanding have increased
during the month $44, 1872 60, or at
the rate of 81. 800, 900 per day, and on the
first month fell due the two months pay
of the troops, which will appear in the
next statement. 1t appears from this ac-
count that there have been 1854, 100 Of
seven-thirties converted into twenty-year
bonds, but the amount of the latter was
increased 81, 900 from other CONVEX
sions caused by the high prices. There
has been paid out during the month,
S45,5O2, 900 of two-year five per cent.
legal tenders and $2,S00,000 of one-year
five per cent. legal tenders, making S49,-
100000, which, with $l0,00O,000 added
to the five per cent. deposit certificates,
makes in round numbers, 100000, 900,
which has been the sole resource of the
treasury during the month, and with
which Sl4,000,000 of suspended requisi
tons due last month had been paid. 1t
also appears that $7,OOO,O 900 of fye-twen-
ties, making over $l0,0O0,000 above the
legal limit, were actually paid out before
the passage of the law perrnittingit. The
one year certificates have been reduced, it
appears, $l,S00,OO0. There are now two
hundred an seventy-eight National banks
organized, with capital of $33, ,042,0 900.
Eight million dollars of the new National
currency in fives and tens have been is
sued to one hundred and seventy eight
banks.
The amendments to the National bank
ing laws that are proposed will not be
reached for some time. Meanwhile, there
is some misapprchcnsion in relation to the
action of the city banks. The rule now
is that no notes shall be taken except
those which are redeemable at the counter
of some associated bank in New York,
This is the permanent rule made necessary
for the safety of the city banks by the ma
ture of the National issues. Practically
the National notes, no matter where issued
| are very scarce, and in very great demand
at the treasury in order to pay troops
| Therefore, as long as that demand lasts
there is no obstacle in passing them any
| where. The reason of the demand is this
He COuSlSlS l1On OA OIlS uNAAeA
greenbacks, two dollar legal tender five
per cent, three per cent. National notes,
four per cent. old bank notes. The last
mentioned, as far as the Government ope-
tons are concerned, is not currency at all.
1t is neither received nor paid out. The
greenbacks and legal tenders were all
printed in such hurry and pressure OF
immediate want that small notes could
not be printed to an adequate extent. To
pay small sums to troops the National
notes are urgently required. This incon-
venicnce is ticticious, because it is caused
by excluding old notes. The Chemical
Bank of New York issues notes secured
on United States stock deposited with the
State Controller. The notes are not re-
ceivable by the treasury. If the stocks
were deposited with the Controller at
Washington they would be receivable
and used by the treasury. When the
National currency shall have increased
and the special demand lessened, the rule
will ba on pforpnd