The New York herald., 1873-12-10
THE MONETARY SITUATION.

Secretary Richardson's Coin Resources
and Liabilfties-The Redemption az
the Loan of 1858.
The only item OF fresh interest Affecting the gen.
eral monetary situation which came to the street
Yesterday was the Information from washington
that the House had passed the bill for TIE payment
of the loan OF 1885, reported from the COMMITTEES
of Ways and Means, with the SUBSTITUTION OF sno
word .coinn for "moneys.n This bill differs some
what from the like bill passed by the Senate. Is
declares that for the purpose OF redeeming tho
bonds issued under the act of June IA. 1858. 1t ta
the pleasure OF the United states to pay all the cou
pom and registered bonds Of the loan OF 1858 on lst
OF January, 1874, at which date interest thereon
shall cease and it appropriates "mOney" (cOin to
the second section authorizes the Secretary Of
the Treasury to issue an equal amount of i've per
cen fn nodrs IA may aesre to
before the 1st of February, 1874 provided that n0
commissions or allowances whatever De paid for
Quite an animated debate, it win be seen from
the Washington report, followed the introduction
OF the bill, which was remarkable principally
for the ignorance it exhibited on the part OF Repre-
sentatives as to Secretary Richardson's strength
was Scarcely better understood on the street,
hence the following exhibit OF his coin resources
and liabilities is submitted ior general iniorma-
tion:-
RESOURCES.
At the close OF business last evening the follow
ing was repOTteu as tue DdlbuCc vi COfn lu tu0
Treasury Of the United States:-
Coin ACKNOWLEDGEMENTS. 000M
Certificates outstanding. O,0Uve
Balance to credit United States SDo,0o
LIABILITIES.
Interest account as per public debt statement
Interest dne and unpaid November 3l...... SO 4s
fnseres hsSTesa rsae irom necember date incasive,
Do SsS .sRs Ssf ssa ssnt oan ss ss
n,. ,.,.. v,,.,,. .,n.. o.,.m,.- sa,sss,5T .s ,S
$s7.lss.7H
Balance of resources in secretary's hands at
subject following isn payable on On de-
manS Per pabc eaif debt paaSs Cement sS November
Interest due and unpaid ..................... H4o~
Total. .............................s sl9s2o $50
Deduct amount paid in redemption OF Ave
twenties since December !, at sub-Treasury, oo
New York i'ASoV"
Total. SIS, ,sss -
The above table shows the position OF the Treas
ury department in respect to Its coin resources ana
coin Liabilities @ az n ne opns elTss smr table brong
forward to January !, 1874 wheh the loan oi losS
natures.
RESOURCES. t1
Coin in Treasury at the close OF business last ~ ~
sss eo'n or balance OF De-
cember. calculated on h ths daily daily average Tor so n,r
Total. SEQ ooOoa.
Interest account as per above statement saassM
Called bonds oil 'b2, as above iso5oVW
Interest on due and unpaid. ........ HibJO
devs on Ia,s $40 is six per cent loan ss
DO on 4g7 SOL 400 fye per loan ........... l483
Total. So 7.osas4I
Deduct payments made since Deceuo-
Eedempson de S' OF hSetweniies. i,s2SOOo
Total !, -. .'ss5ssss y SSsS
Loan o. looo,. SoVV',
Grand total Sal So SAL
f.au so,a SlhI36 51l
Dchct January !,
Applying the same estimate to the Interest," pay
ments and redemption Of called fye-twenties -
has been applied to the Customs receiptss I" WI"
present the same result January !, lo'4'--ss4
Estimated Customs receipts for the balance o. es ,arN
Estimated interest payments ior sa"e a ,,s Nu
Estimated payments in redcmpnonoi m, 7sa
cSus....'...'''''-'''' - $lHs76d
-. ..o.,,ts far December. .......... ol9S0 137
Com in treasury 0SV"VW
4...J. Sso AS0. sss
Iiab;bbcs as above fslsoo,ym
Lcssestn"'u pa' --------s706es77K
D.acit January l. is6,6al