The weekly clarion., 1866-12-20
THE WEEKLY CLARION.
The cComPtroIIerand Agricultural
COmnlissiOner.

COMMISSIONER.
We omitted the other day. In reviewing
the reports accompanying the Presidents
Message, to mention the Report Of the Comp.
troller of the Currency and. the Cpmmissionor
on Agriculture The report II the Comp.
troller shows there are now N operai on
l'6a7 National Banks throughput the United
States, with apaid capital Of fii7 245. .l24 "a,
and bonds on deposi, amounting to s332,.
467,TOO. The aggregate circulation Of the
same amounts TO s292,674.753 Sixteen banks
not included In the above have failed. or are
closing under the provisions Of section ~ Of
1the act With these exceptions, the National
Banks, throughout the country are In a
und and healthy condition. Their total
'ouroes on October |, 1896, were 1895.
900; their liabilities to the public for
circulation and deposits were 81 ,02i,2 ga ,2s6 /,
snrplns Of S5Ol ,22l,57l for capital and
gs Tho report shows an increase in
Jon Of National currency Of over
millions Of dollars, but when
that during the same period
converted into National ones
S50,0O0,OO0, the actual in.
x reduced to something like $4,000.
CON The Comptroller draws attention 10
the non.particl3ation Of the Southern States
in the advantages Of the National banking
act, and consequent loss they sustain, and
thinks provision should be made for their
benefit and not 10 allow foreign capital 10
control the products Of those States, ns IL
now does He discusses the measures of re.
lief which have been suggested for supplying
the Southern States with banking facilities,
and meets the objections offered, and thinks
that good could be accomplished by nn issue
of twenty-five millions, nj the rate Of one on
two millions per month, which would proba.
bly, meet all the wants of the States for two
years TO come, while the reduction Of legal
tenders at the rate Of four millions per
month AS provided by law, will keep the
amount of currency in circulation always
within proper bounds lie makes quito
Humber of Recommendation Of the special
interest heIe, and then closes with a fine Gu
logy ON Che banking system
Comnfssoncr Newton, of the Agricultural
Bureau, gives some interesting iacts touch
ing the workings Of his department. The
returns of tho statistical division Of this de
partment have hitherto been confined to
what worbll the Northern States" Here
after tho waywnrd brethren of the South
will he included In 1865 tho wheat crop
was estimated at Iis,0O00OO bushels, and
the present estimate Ia still further reduced
TO l13,000000. Returns from the eleven
Southern States, so far as received warrant
an estimate of l7,00000O for this section
The corn crop is moderately large but def
oient in quality, aud may be estimated nt
ss0 100000 bushels, about 100000 more
than in 1863 In some Southern States
small yield is reported, while In Texas the |
quantity Is more than the average In tho |
Northwestern States the injury from early |
frosts was severe. The hay crop, .alightly |
deficient in some sections, is large IN Others
aud tho estimated total product of oats is
sixty per cent, greater than In 1850 Tho
products Of gardens and the yield of pota-
toea and other roots are also In excess of
former years The cotton crop is put down |
at 100000 bales of 400 pounds caoh-a very
extrayagant estimate, aud one in which MIR
Newton will find himself disappointed