davidaulloa/AmericanStories huggingface dataset:
, 1872-12-03


| The final distribution OF the ffty-four
| millions will still leave defciency
| Of forty millions in different States
| Of the Union, which will require to be
filled before the proportion among the several
States will be equalized upon the basis Of wealth
and population. This deficiency arises from the
fact that while fifty-four millions Of nav circu
latioa we're authorized, there. st the time
Of the passage Of the act, deficiency existing
Of ninety -four millions Of dollars:
Ssction Of the act Of July u. 1870. provides
that, after the whole fifty four millions Of circu-
lation shall have been distributed, tweuty-fiye
millions additional shall be withdrawn from
banking associations organized in States having
an excess, and distributed among States having
less than their proportion, first, by reducing, in
such States, the circulation Of all banks having
more than one million Of dollars. to that
amount and, secondly, by withdrawing from
other banks having circulation exceeding $780,
600 their circulation pro rata in excess Fl thnt
amount. Under this act it viii be- the duty OF
the Comptroller, as soon IS the amount Of cir
cu1ation authorized shall have been Issued. to
make requisition uponthe banks indicated IS pre-
scribed. The twenty five millions Of circulation
and States: From four banks in tbs Gitv OF
New York, S., OLE, 900 I; from thirty-six banks in
the City Of Boston, 311, ,403, 900 from
tifty-three country banks Of Masga-
chusetts, $685., 600; from fifteen banks
in Connecticut, 92,997 600; from six
teen bank4 in the City of Providence, 81 688, ,00O
This would reduce the circulation Of all the
banks of Massachusetts, Of Rhode Island, and
Of Connecticut to S300, 900, without reference to
the business Of each. II the banks do not
respond to these requisitions-and, as their notes
are scattered throughout the whole country,
it will be impracticable for them to do so-the
Comptroller is required at the end Of one year
to sell sufficient amount Of bonds and redeem
their notes as they come into the Treasury, un-
til the whole amount required sahall have been
returned The notes viii not como to the Treas
ury for redemption unless first assorted BY the
brokers and resold by them to new National
Banks about to be organized This viii encour-
age the Objectionable practice Of authorizing
new National Banks with circulation upon tho
condition that currency shall he nTrchased IT
brokers in the market at from 4 to Der
cent premium-a practice which should moi he
ancnnra ped or anthnrixad hv law T7ha Coro,
, 1872-12-03

There have been 10, ,252 applications for To-
bate Of taxes On burnt property represent
ing taxable property to amount of......... Il
Amount Of rebate granted On saue.:........
, 1872-12-03
liz N7I 7I1OlHfRA DfSlHnSz
Tenth Annual Report Of the
Comptroller Of the
Currency.
His Statement for the
Year 1879.
Resources and Liabilities Of The Banks
-.:Distribution Of The
Currency.
Taxation, Earnings, and Dividends--
Reserve~-The Chicago
Fire--Usrry,
Sayings Banks...Loeking Up Of Greenbaeks...lnsol.
vent Banks.-.Surplus and Spetie.-Shin.
plasters...llutilatel Currency.

o...... TREASURY DEPARTMENT,
OFFICE OF THE COMPTROLLER or THE CunnESoy,}
sm: have the honor to submit for the con-
slderation Of Congress the following report:
Ihe National Currency act provides that it
shall be the duty Of tie Comptroller Of the
currency to report annually to Congress sum
mary Of the state and condition Of all the Ma
tlonal Banks, exhibiting their resources and 1ia-
bn1tles, as returned in different reports during
the preceding year; that he shall suggest amend
ments to the act BY which the system may be
improved, and present such other information
With reference to the affairs Of the National
Banks as may, in his Judgment, be useful. The
act also provides that the circulation shall be
apportioned to associations in the States and
Territories upon the basis Of population, re-
sources, business, and bank capital. and that a
new npportionment Of circulation not issued
shall be made as soon as practicable, based upon
the census Of 1870.
The National Currency act became law on
tho 18th of February, 1858, and nearly ten years
have therefore elapsed since the organization Of
the systeul- During this period the agricultural
products, the manufactures, and the internal
commerce Of the country have increased beyond
any former precedent; and notwithstanding the
enormous waste Of q protracted war, the reduc-
tion Of nearly two thousand millions Of dollars
IN the valuation Of property by the abolition Of
slavery (more than compensated, it is true, by
the conversion of slaves to freemen), and the
collection of five Thousand millions Of dollars
Of taxes* imposed by the National and State
Governments, the census returns OF 1870 show
an increase of population for the ten years pre-
Tious of more than seven millions Of persons.
ind an increase in the total wealth of the Union
OF nearly fourteen thousand millions Of dollars.
Since the organization Of the National Bank
infS system, two thousand and si1ty-one National
Ba nks have been organized; twenty-one Of these
have failed. and ninety-six gone into voluntary
Iq1 tidaton, by vote Of two-thirds Of the share
hol. 1ors, under Section a Of the act, leaving
mint Ieen hundred and forty-four banks in exist
ence on Nov. l, 1872.
The following table will exhibit the resources
and labi!ities Of the banks in the month of Oc-
toberr 1872:
, 1872-12-03

The Comptroller, in his report for the year
1857, made careful statements Of the taxes On
National Banks for tie year 1866, from which it
appears that the banks, during that year, raid
over sixteen millions Of United States and State
taxes, as follows:
To the United States Government s. 06o. .oa3
To the States. 7.o:3451
The amount Of taxes paid to the several Statea
WIS derived from specific returns Of about four
teen hundred banks, the minimum rate in each
State being calculated for those ba2ks which
made no returns. A similar statement for the
year ending Dec 81, 1867, exhibits the following
results:
Amount Of taxes paid to the United
Amount Of taxes paid 10 the State author-
LIES 6,8-3,le352
Aggregate taxes paid. s1s, a33a 7ai %
Or ~ per cent upon capital OF 54422, ,834 ,G65.
The aggregate State tax was believed to bo
considerably below the actual amount paid As
National Banks to be the same as that paid to
the United States Government (Which is q mod
crate eshmate). We shau have the total taxes
paid By the National Banks during these four
years:
1866. s4en1o ea. rrs
1921 7oeo Il, ,338, 73+ %
@ II, ,15o, ,463 80
Ihe act of March 8, 1869. required specific re-
turns to be made Of the dividends and net earn
ings Of the National Banks after the declaration
OF each dividend. From these returns the fol
lowing table has been prepared, exhibiting the
aggregate capital and surplus total dividends
and total earnings OF the National Banks, with
the ratio Of dividends to capital dividends to
capital and surplus; and earnings to capital and
surplus. for each half year, commencing March
i, 1869, and ended Sept, i. 1872.
, 1872-12-03

Capital stock. 479, ,629,1 IA
National banknotes outstanding.
Due to banks and bankers 143 1885, 431
DISTRIBUTION OF CURRENCY.
The act Of June 8, 1864, limited the issue OF.
notes Of circulation to three hundred millions
Of dollars. The act Of March s. 1865, provided
that one-haf Of this amount shall be apportion-
ed according to "therepresentative population.'
and the remainder among associations formed
in the different States, District Of Columbia and
Territories, shaving due regard to the existing
banking capital resources and business of each
dred millions Of circulation authorized were not,
how7Ver, distributed in accordance with the act
of March 3, 1865, already quoted. At the date
Of the passage of that act only about ninety
nina millions of dollars had been issued, but
contemporary with it's passage, an amendment
1861 was passed, providing that every
NATIONAL banking association, State Bank, or
State banking association shall pay tax Of ten
per cent11m on the amount Of notes Of any State
them after the first day Of July, 1856" But q
subsequent section also provided that State Banks
already organized, applying for authority to be-
come National Banks before the lat day Of July
following, should receive such authority in pref
erence to new associations applying for the same
Under this provision the State associations
whose circulation Lad been taxed out Of exis-
tenee, generally applied for authority to reor-
ganize as National Banks, and the result was
that the banks in the Eastern and Middle States
obtained large excess Of the amount to which
they we're entitled in the apportionment.
To remedy this inequality, the act Of July u,
1870, VAS passed, providing for an additional is
sue Of circulating notes, amounting to tifty-four
those States having less than their proportion,
and recurring the cancellation monthly OF per
cent ceHifcates,f not less than the amount Of
circulation issued, and new apportionment Of
, 1872-12-03

Ratio Of circulation to wealth ~ ner rent
Circulation per capita. ta..-.........-..-..2.05H
The following table will exhibit the amount
OF clrculation outstanding and authorized to be-
each State is entitled upon the basis Of popula-
tion and wealth:
, 1872-12-03

Total. ..:..
The National Banks, prior to May 1, 1871, also
paid to the Commissioner Of Internal Revenue
. license or special tax OF 80 on each 81, 900 Of
capital, and an income tax on net earnings to
Dec. /, 1871. The special or license tax from
May !, 1864, to May l, 1871, amounted to
a5,322, ,688.43; the income tax from March I,
1868, to Sept. 1, 1871 amounted to S., ,539, ,259.17
The following table will exhibit the amount Of
taxes collected from these sources during the
years 1870-7l:
, 1872-12-03

General taxes Of 1871 not yet paid On
personal property, mainly bank
taxes enjoiued. $10s,530
Real estate {appeals). ...........-...-. 1851
Certificates Of taxes bought in and
held by the city................... 2s,43e -.
Special assessments, appealed. 1874
By Court. rt......................... o5a,232
, 1872-12-03

eau reasonably expect in the municipal admins
tration Of a great city, handling millions of
money, employing thousands Of men. and touch
ing the public at as many points in their daily
Life as the very atmosphere they breathe.
FINANCIAL CONDITION OF TIE c1TY.
was unable to present the Common Council
last year with more than brief and imperfect
statement Of the fiscal affairs Of the city, but
am prepared now to go into details, and furnish
moro comprehensive resume:
Amount Of existing bonded debt. $4,000
Floating debt and certificates of Indebtedness 1875, ,40G
Estimated expenses for November, unpaid. 100000
Estimate Of general expenses for balance Of
fiscal year, Dec. 1872 to April l573. 1861, ,o00
OF the certificates outstanding there will MA
ture on or prior to April i, 1873. .sS41. .1G7 -.
Interest o. bonded debt, due jan i, 1915. 4os,so
To meet these obligations as they fall due,
are the general taxes Of 1879, amounting
to 15 mills on S2S3, AZ, go Of taxable prop
.........-................ 4,a53,oes
in 1873 about 100000
Rents, licenses, fines, ETC., estimated. 100000
There were received during the year ending
Dec. /. 1872, from various sources of revenue
the following sums: ...-....
From general taxes Of 1871. 23o9 i3o
From the State since Dec, 1, 1871,... o73,30s
Rents Of al kinds .........,,...... 92,663
Licenses Of all kinds o25,097
Fines Of all kinds s....,,., u7,856
Reform School. ACKNOWLEDGEMENTS. 9,2l6
Pounds. .,.,,,.,,.,.,.............. 1864
From sale OF real estate $500
1s71... 17eso2
Interest received city deposits. $4,000
, 1872-12-03

bate Of taxes On burnt property represent
ing taxable property to amount Il $50
Amount of rebate granted On Ut, ,835
This has been allowed and deducted
from the general taxes Of 1871
It is estimated that s50.000 will cover all fu-
ture applications for rebate By reason of the fire.
There have been paid ont since Dec. l, III, re-
bates on special assessments for street improve
menta collected BY the previous Administration,
and expended for other purposes, the sum of
$3.50, ,965. There is d considerable balance get
to be paid on these old Claims.
There has been paid to contractors for street
improvements, and to claimants for land dam
ages, for patent fees on Nicholson pavement, to
drains, etc., the sum Of 8269 $50, the larger part
being money collected previous to Dec. l, 1871,
aud expended for other purposes. AS there have
been scarcely any special assessments made this
year, there has been no excess Of assessments
to counter-balance the foregoing outlay, spent
by the previous Administration, and the settle
ment Of these rebate claims help to swell our
million Of dollars for money borrowed to pay
them.
There was standing to the credit OF the various
special funds on Dec. l. 1871, tho sum of 81, $751;
333. But the necessities Of that Administers
tion obliged it to borrow therefrom S1,144,-
1872, which the present Administration has re-
placed. It will be necessary TO draw on this
fund between now and April ], 1878, to redeem
maturing certificates Of indebtedness. But the
money will be speedily refunded from the re-
cepts of taxes.
There stood to the credit Of the various spec
iel funds Dec: I, 1872, the following amounts:
Water Fund-Balance for tunnel e1tension,
new pumping works, etc.....,:-. '.......S 929,S58
School Building Fund-Ftom sale Of bonds,
oaianes. - 49,, '695
Jonathan Burr Fund, including interest.... 3s,745
, 1872-12-03
100000

Total ....... sa1oo.ooo.oo H,6oo,ooo.oc
The following comparative tables will exhibit
the amount Of circulation issued under the
State laws, previous to the establishment Of the
national banking system, and the amount au-
thorized by Congress; the ratio Of bank circula-
ton issued in 1869 and now issued, to capital
and to deposits the per capita of circulation in
1862 and the per capita Of circulation author
lied by Congress:
1862 1870.
Circulation. ..... $e3s,6n,19 $353, 3,9l7,4 ,470
1opulatl0Q. 31y443,5A od5ao53!I
G!rcu!ahon per capita S7.53 S9.13
nt.tti VT. ,6l61e5 SU,uoo,s4o,out
Ratio OF circulation to
1Aa LII
Ratlo OF circulation to
deposits, per cent?. 81 50
TAXATION, EARNINGS, AND D1vDESDs.
The National Banks pay the following taxes to
the Treasurer OF the United States One per
cent annually on circulation outstanding one,
half Of per cent annually upon deposits and
one-half Of per cent annually On capital not in
vested in United States bonds. These taxes are
payable se-ai-annual1y. The amount Of taxes
collected by the Treasurer from Jan. !, 1864, to
Jan. l, 1879, were as follows:
tu Qepoall8 1o,o11,94o.!4 =
On capital. 025-17
The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1872-09-05

TIE TERM or Counr.-Iti is exceedingly
doubtful if We have any session Of Court on
the 18th. Judge Melton, the nominee on
the Moses ticket flr Attcrhsy General; is
now actively engaged in stumpinS certain
parls Of thcStatr; and besides. his term o! ot-
lice has expired and though reelected, he
has Rot qualified Ii he were totr''1llfy'and
hold all the Courts in his circuit, he would
have no time left Cor attending to his elee'
tion. The general opinion saems to b.: that
he will not. under the circumstances, quail
fy, though i: is thought that until his sue
cessor qualities, he remains Judge. This
would allow him to wait until after the cicc
tion, and then. if not successful, he would
still be Judge.
The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1872-09-05

DRAwlHG TIE JuRoRs.--On Monday,
Shelton B. Hall, Esq, Jury. Commissioner,
assisted b. the rro:c' c4iee:s, proceeded to
draw the Jurors for the October term of
Court '.'H
The following were drawn:
John OUTLAW. Nelson Newman Joseph
McBrido, JOHN Mccarthy Allen Deas, Ste
paon West, VI. G. lIuckabee, William l..
O'$:ecn, ". \. Nrcrum: John Graham, 4.
NJ. lIyams. john Munn. J. j. Hall. W. j.
Hall. ". j. Jrf.:s, Benjamin Ratcliff Sam.
Wright. Scipio Timbers. William Micklc
E.phraim Jones. .]uhh ShaYes,-, SphmoH1
J.3rick, philip Rutlndge, Thomas I1toore
James Elliott Jnhn Hart, James y. Young
Eli Perkins. Noel Mungo, Ambrose Flctch
or. \. J. Frietar. John Hay, Ben. Brooks
Ambrose Mills, Y. S. Jordan, Hazard Kcr
shaw, Brister Perkins. ~ .:
The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1872-09-05

JEAIoUsY.-Since an inadvcrtcnt and al
together mistaken paragraph in the Jo"rnol
some time sinces ,annouu. ed that Camden
was very unhealthy. the people of our neigh
boring towr, Sumtor, havo been using their
utmost cndcavors to draw away our trade, by
circulating this report and frightening ira
ders with the belief that to visit our town
was almost certain death. -; .l>id a.
Every thing, they say, is fair in love and
wer; but as we arc in a profound state OF
peace, we cannot soc the justice; PftheS Sum
ter merchants in cndcavoring to draw away
our trade. But when We remind our read
ers that the ''grecn;!eeyed monster" has !aken
possession of thaiSumter men, andoas; her
chants have gained tho reputation for fair
dealing and good buyers, than whom none
arc better entitled, we think We have spit
ted 'bur maligtfers Just after tile war
when in their wisdom in the 'msnas cement
of the S G. Railroad had our track taken
up for 13 miles, Sumter took coed portion
1Iaf ourlesitimatc trade from us Bit no'r, VIZ
are getting the upper hand, it is ncceR arj
to get up some damaging story before they
can hope 10 cope with Us. ..,.fp
The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1872-09-05

grapes, next ssy Gram them In IL
sci; to every gallon of juice stir in a half
pound of good white sugar, which has been
previously dissolved in the juice; set it in a
place where it will be und'stulbcd; every
day sku off any impurities that-may riscto
TIN. surface; kcopitwoll covered, first with a
acl tn. then with 4 board In about tvc or
six weeks, carefully pour it off in a close
vessel, adding sugar., according to the quail
ty Of wine yoU wish to make.
The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1872-09-05
The following were drawn:

DELIGHTFUL WEATAER-On Friday eve
nins last, the weather took most charming
change for the hettcr. The sun set aft:r 4
beautifully clear sky,andthe minute his beams
were Withdrawn. it could be felt that great
change had taken place. Up to this time,
the thermometer has ranged from l3 to l5'
lowcr than it did II week ago. From our ex'
changes. we notice that severe hail-storms
have visited several Of the northern coun
tics Of the State. which would account in q
great measure. for the ohange. The wOrs
e the heat is ccr;ainly lyover.' ."..
The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1872-09-05

TIE CHURCHES on SUNpAY.-The de-
rsh,lul weather On last Sabbath, brought
on MANY church gocrs. and consequently.
the services were VII attended. In the
G zen NJ, the Rev j. p. pspa>s preached to
4 large congregation in the Methodist EpiS-
copal (w.) Church.
Camden has always been noted for the
manncr in which the sane!ig Of thoSabbath
has been preserved, though occasionally it is
=, ,,ssible to meet with confirmed violator OF
the day. and many make use of it as one OF
t,,al and ab o u rest from all kind ofYork.
The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1872-09-05
Valuable Hints.

,ro,,1,rb boh;. of bo5v ia absolntelv cssen.
Fs1'". ' '',., -. ...,I..,
tlaAto aIl.1-
Nor is this nllg Beauty of person cannot Co
exhisf with nm unnatural condition of the bow
=, EyF- n,,..' -. a, .S.,.. -. ~ A.,
e'Ss "a ireh Pu"s4es VI '"e te'"'e "A''e' VI. '1@
system through these nat,yel waste pipes IS ns
nc ,essay to, the purity of the body rs the free
passage Of the ofal of o city through it's sewer.
:.-I.n.. tt.,.,. .-.n,..-j..
''n''eSs"t! ~ INC "'"'.H VI 10 '"na0''"'''
indigestion IL the primary cause Of most Of
the diseases Of the discharging organs, and
The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1872-09-05

DEER HusTryG.-Monday last; being the
first available day, under the new gamo law,
for indulging in this fascinating sport, we
hcurd Of several different parties. who took
advantage thereof
! A party of fifteen or twenty from Cam.
den tried their luck in the vicinity of Mr..
Ario Niles plantation; a few miles above
this place, but with indifferent suceess-louc
fine doe being the result Of thc'day's HINT,
the same being killed by Capt. J. NJ. Can
tey, our popular City Marshrl. The san'e
party were out again yesterday, hut up to
the time of going to press, We had not heard
with what success they had met. ,.,o-
The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1872-09-05

Mr.. GEO. ALrEH.-It g.scs us pleasure to
announce that this gentleman has returned
fro,o the North with an immense stock of
uew Goods. He will appear before our rea-
ders in our advertising columns next week.
The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1872-09-05
. e., - 90 ~. LAT -. -. '. s''' ..
Camden Cotton Market
CAMDEN, S. G.rSept. 4, 1S7:

CAHDEN, .. o.. bept'4, IS1Z.
The market for the part week has ruled
with very little change oh previous quotat
tions, the prevalence: Of rust and catterpiI.
hr having tendency. to keep up prices.
saIes Of new Oetton up to date, 80 ta!es,
the price today being is4rto hl9Eoents fst
nliddEng. Shipments to drto I66 valcs: "a
The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1872-09-05

--,o.,. C-,Tr+cfY < HOFFMAN, NEWS
E,prr Ipy:crIsIN;i AGENTS. No. Soa:h SiY"f;
"a HSLTlxoEE Mp. are Guy aathor!zeu rsr,iscrs 40
81 ~ tat cItY ur rcurs.rd 10 ave their 1Snrs NV
a ;;,js Iorsc, This IRA Enl czcrp;cn%.
a tInriny advertisements thcary. anu We fai'i Nv,
y rrm" ~ r.tr., all who fcsir1 - ".t cEt!Sc j.! ""
"a 1f,own papers. cspecin!y tosc having fea' s''''
fu S,,ll = to .;,r=c gentleman II.
The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1872-09-05

-. SUMTER, &. e. Aug. %, 1872.
Having been appointed Assistant Assessor for
tho counties Of Sumter, Kershtw and Lancaster,
n, nersons about to engage in the sale of Ii.
ouols or Tobacco, viii make application to me
ut Sumter, or. Mr.. J. F. Sutherland, at Camden.
Thc U. S. Revenue InHs will be rgidly enforced:
rSsy- Diyl;lc,s uiHbs careful hop they aet. r..
J. II. FEGITER,
Ano op--St. -. ..,... -. Asst. Assessor.
The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1872-09-05
KERSITAW--1N THE PROBATE COURT.

| Estate Of j. J. Workman.
! WHEREAS W. II R.Workman has made sutto
me for letters sofatlnimsr,ton Of On III and singular
the goods and chattles rights and credits which
were of the anid J.J. Workman deceased. Now
tlIuaias, Vls s5 TO .sumpon and gcqulfs 2all
and dSmknlayth thE kindred and creditors Or inc
said deceased to be and appear before me at the
court of probate to be held on the 9Th day OF
Sept'r next, to show cause, if any there be, why
said administration should not be granted.
aur 22nd2t. J.F. UTHERLAND, J.P.
The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1872-09-05
Meetings..

wAwEREE DIVISION 20. o, S. OF TAT,
t.nl the rcgul,; !He2:ing OF >"ar H'H'S'"a II
Trlar,ranca Hall ~ Monl!y evening III , :
''' D. G. KIRELEY, r. s.
The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1872-09-05

CorroN MovING RArIDLY.-A glance
down Main-strcet. will at once satisfy any
one that the terrible ;stringency ofthksmO-
ncy market will soon give way to ease. as
cotton is coming in very rapidly, asid'sclls
The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1872-09-05

or A,jExr< ~ rmAnLEsT"N.-Gnea advertising
..o.u,v ,,t .;al:.er. Evans & CogSwell, represent
ii hy Roswell 7. Logan. Esq. istne only ""'h0f'
izcd ugel; iGv .I;s PAPER, in Charleston