The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-10-08

Gratifying headway is being made in funding
the temporary Obligations OF the Government
as necessary preliminary to their prompt dis
charge. Five-twenty bonds are steadily super
seding the less manageable burdens, such as
Seven-thirty notes, thus measuraDly relieving
the Department from apprehended embarrass-
ment, and enabling it to make timely provision
for theclaims ofthe national creditors by bring
ing the debt as nearly as practicable, under ex-
istLng authority, into a consolidated and con-
trolable form. More than eghty-siX millions
of the Seven-thirty loan Originally $780, G00000,
now reduced to $743, 1886, 0o5) have thus been
funded The notes so provided Tor were nearly
all OF the first SERIES maturing in August of the
coming year. Hence, tseems that over fourth
of the notes of this series Originally amounting
to $500, ,000, ,000) have been prematurely funded,
lessening, TO this extent, the impending calls on
the Department for cash or bonds, according to
the reserved rights OF ofnoteholders. The bulk of
the series will doubtless be as satisfactorily
arranged for, ahead Of maturity. Half of the
temporary lean has been cancelled during the
month. 1t was as much as S45, ,536, 900 on the
lst ult. it is now down tip $22, ,500,000. These
are important gains for the Treasury. 5r .rE.
OF the cash reserve of the Treasury, the coin
portion shows gain OF nearly ten millions,
and the currency share a decrease Of less than
fifteen millions within the month. The actual
figures are as follows:- -
CASH IN TREASURY. l.. -Hr
Sept. ]. 1865, Oct ], 1891: :
Coin. .......,....,...... $40 S33 9l8 $s6, 269 999
Currency. .....,..,...,,. 5S 297,749 Al 800, ,S5S
Grand total. ......,. Sl32, ,63l 668 $l28 2l3,76
OF the coin balance on the 1st instant, the
sum of S75, ,202, ,269 was absolutely the properly
OF the Treasury, as against $60,858, ,69S ON the
1st OF September, showing a gam during the
month OF Sl4, ,343,5 81; while the sum OF only
$ll, ,057 $40 belonged TO depositors holding gold
certificates, as Against SIS, 5,4s0, 220 standing to
the credit of the same parties on the first ult.
indicating reduction OF $4, ,422 $50. AT the
| ruling price of gold, the Treasury own a com
reserve equivalent to about SIP, 900 in cur
renry, or enough, if 80 used, to bring the aggre-
| gate public Indebtedness under S2573 $780, 900.
| of the interest-bearing portion OF the debt,
Fve-tWenties tof all issues) now form $798, 1872,
250 as against SIZE, ,432 800 on the lst ult., and
| the Six per cents of 1881, S293, ,73S, $50, against
| $2S9, 734, 800 month ago. These, with the Ten
| forues, constitute the bulk OF the coin-bearing
portion OF the debt. The volume of outstanding
eompound.interest notes has not been altered
II was $l55, 5l2 lao September 1 1T is the same
to-day. The aggregate legal-tender circulation
however, SHOWS slight contraction, being now
S554 617 432, against $780, ll5 1872 on the lst ult
The plain greenback circulation on June l wa
S402, l2S, ,3lS; August l, $500 Sel 728: SentemheI
/, S399, COS, ,592, and October /, $3.50 l65 300 -
The matured debt on which Interest ba
ceased, but which has not been presented fo
payment. has grown from $l9 444 mont
back TO 1923, ,302,372, a suggestive clrcumstanc
of the Growth of popular confidence in the trus
yorthness of our venerable Uncle, which til
, latest debt statement cannot fail to promote.