, 1873-02-11


As thore is scarcoly,.auy specie movement
IRON, other United States porta, che aggregate Of
COS y10, ,4o0 sho7n above reprceonts tho whole OK
port for le72 WHICH is also bhown to 10 s SO QUO
metals Inns increased very hugely since 1o69, ow
inE to tho discoveries OF silver and the increase
in the production Of that motal, which now COLI
etitutes nearly onethird Of tho total annual pro-.
duct OF precious moths. Tie total product
OF both gold dailyer in 1872 ia estimated ut
about 910 900, aud tho export of S95, ,010,000
Shows that the stock Of specie md bullion in tho
sso'9,ntry must hayo been largely diminished
ito D fact spp'fatA that tho united D'N s.atess 81
Treasury, which Is tho only considerable
accumulation ol speoio in this country, and Mt all
times comprises al least four-tifths Of the atook
III the United Stntes, III much smaller now than
ayear ago. On jan. l, 1879, the Treasury held
1879, aid Only So ,s42 ,eN On lob. /, 1873,
rgainst 5109, 9,371 ,78O on leb. l, 1872 II we COM
estimated production Of precious metals the
stock in tho United States has boon diminished
at leaat 525, ,000,0 900 in o year. II wo take
tho amount held in the Treasury, tho decrease
tho two estimates is explained by tho
fact that wh,lo silver, OF which very:
little ever goes into the Treasury vaults, haa been
scc4nulatl'g in this country, gold has boen
sntire stock Of golo in tho country is probably
Ill of $40, 900, 900.
The fact Of this -unaueRtionnblo decrease Of
Tho stock of specie III the country, concurrent
with an increase Of at least SIC, QUO, 900 in tho
annual production Of precious naotals in tho
United btateB ia worthy of special attention in
connection with tho fact that, in bis annual met
eago three yoara ago, tho President took tho
tho Pacific Coast which would enablo
US to resume specie payments, or Bome-.
thing to q thas .sa & effect; 1 l. appoaTs
dEpousation view Of tho mattcr, tho Providen-
tial increase Of the production Of precious met
ais IN the last two years has beon the uaeans OF
simply diyer,ing. for q time tho disasters that
would have resulted from the blind pcrsistency
Of our Regulators III not tn1ing some stops ini-
tiatory To putting financial affairs an hon.
ester basis than The present duly lie Of calling
greenbacs q dollnr," and, if we adopt the Presl-
can only be On tho ground Of tho ain
lister aud ill-natured adage that "Provi-
donco takes caro Of tho FOOLS" In spite Of tho
increased production Of specie, We arc getting
the greenbacks, as ia shown by the very 1atoat
action Of the Conference Committee on tho new
Coinage bill, in adopting Secretary Boutwcu's
Idea Of exporting all tho silver as well as tho
gold, by their favorable report On proposed
law for tho coinage Of " trade dollar "of silyer
expressly for oxpoEtltiou.
THE NATIONAL RANKS IN 1871 AND 1879.
The abstract OF the reporta 1nude to the Comp
tlOi1el VI LIZ 1uIIcuCYS showing Lu9 CO0Qlt10n
Of the National Banks in tile United States at
the close OF business on Friday, tho 27th day of
December, 1879, compare uB follows with tho
corresponding returns Of last year:
Dec, 1871. Dto., 1879.
Capital. .S45o, ,DT5,8G6 SITE, a52
Hurlus find. 10l ,s67,153 l10,8aD,1D7
FRONTS Undivided. 48,604,3J3 5G,1o9,807
Due stockholders .s610, ,0&7,352 sg45 lS6
On percentage. .131,b6 prct. 135 per ct.
The comparative strength Of movement Dec
16, 1871, and Dec. 27, 1874, is Us follows:
Dec. 16, 1871. Dec. ~, 1872.
Deposits IN gross. .S5g6, ,09l, ,p13 $532 AGO
Less clearing items. 128,307,os7 l00G1817A
Net deposits. 7,7s5,82o s4sBes5 $50
Net to banks 81, ,1Di,G35 34095,4 ,408
To Treasury. ........... 1D,TB3,aig L. 427,v05
Circulation n.......+.. s18,043,sll 312610,75s
Demand liabilities. .ssoo. 7o7,s4s 1857 s5eo57
Gold and greenbacks....... 14G,si4,a35 14o01G,47o
ITO rata............... 1770 pr ct. 15.21 per ct.
ENCIAEnIEn NQEna.