, 1874-11-28
Imperfections Of the Present
System Of Compensat-
ing Railroads.
Iniustioe Of Making Weight a Basis
Of Payment
Reports from Military Division and
Department Commanders.
The Army Appropriation Bi|'--~r|o Matc-
rial Changes.
THE CURRENCY.
REPORT or THE COMPTROLLER.

Spfcfuf Dispateh To The Chicago tribune.
WARRINGTON, D. G., Nov. 27.--The Comptro1-
!er OF tho Currency Inns finished his report and
It ia NON in tho hands OF tue printer, II shows
That 2,200 National Banks layo been organized
since tho establishment Of The Bystom. Thirty
five Of thcso have failed md thrty-sovcn have
gone into voluntary liquidation by vote OF two
thirds OF tho bharoholdors, ioaSing 2,G2s banka
10 existenco on tho 1Bt OF November, 1874. Tho
report contains tablos showing the resources and
liabilities Of tho National Banks At corresponding
periods for tho last five years; also table of
their condition On tho 22d OF October, the date
Of their laet report tho returns from Now York.
Bo8ton, Philadelphia, and Baltimore, and from
the other redemption citiea, and tho remaining
banks being arranged separately. In tho state
mont Of Oct. 2, tho loans Of the banks in the
cities nau,cd arc separated, first, into loans Oh
United Staten bonda; second, on otnor atotks
aud bonds on demand third, on commercial and
accommodation paper aud fourth, loans payable
In gold.
Two biila paaaod tho Int congrcss
tom. Tbs frat bill, which il quoted,
failed to rccoive the approval Of tho Pressdont.
Tho principal points OF tile second act are glyen,
which went into olfoct june 20, 1874.
The amount OF currency distributed under tha
,&ct, aud tho effect OF the act the roaotyoa Of
tho National Banks. aro briefly dlsoussed.
TIE BDG1EGT OF REDEMPTION
ia discussed at greater length, and tue hopo OK
p1cssed that the prenent System Of exchanging
1nutilAtod notcs for neW paper lBBlles will, not
long hence, bp suporatdod by n truo system Of
redemption, namely fhe payment, Oh demand,
Of National Bank notea IN coin or it, represents
tive.
Tho amount OF National Dauk-notcs outstand-
ing Of insolyHnt hankH and Of banEn in voluntary
liquidation, which ara rcdeosnsblo q. tho Irons
ury, ia sG42.a .as5: The amount Of circulation.
o$,rn Al 3F r1150 rr
TO bs placed at hls disposal for distribution from
these different SOURCES. is as followa: The
portion Of the s35o,0oo,o00 remaining
anssued s2o72 dai.,aa IT. n0I's .ue, of nanss
for tho withdrawal Of cltcuntion. s7.7l4.
$50 notes in circulation of batlks in lquldasion
&G.492, ,2s5. amounting to 91G,279, ,5S9.
The Comptroller Expresses tho opinion that
sufficient amount Of tho circulation will bo re-
deemed TO supply tho applications that may bo
received for solne months to ccme. When tie
smouDt withdrawn aud destroyed from these
SOURCES shall have been re!ssuot, II shall be tho
duty Of tho Comptroller to mako acquisitions
upon banks located in
Thi. circulation will bo withdrawn chiefly from
Ks,odo Island. Connecticut. and Massachusetts.
The aggregate amount Of circulation hereafter
to be placed at the disposal of the Comptroller
from all sourccs Ia s47 ,350.7 .7d3.
Rank RESERVES.
Tho whola amount Of legal tondor money re-
Qnired to bo held lu The vaulta OF the banks uu-
aof tae hational DAhK act, "onla nafe peen: OF
ues' :, Sl24,sjo'iol, ana tho amount rs nresluisou
70 DO hegt on manu- ~ tne e,oi iroaaMrY roa onn
n,' naer tho ~" nov N 1orco IL
tAe aniount Or ieeal-1enaeI notoa, taelsi9io' r.,
aseu tloln me reserves OF te paphs ~ ng1 na ~ Ms
new n' act ot tnat aate' hoT. HaS ssg.3ou,ugu'
an1 hlount oI caHn fesoIse aGiu ~ ano sAn.a ~
eno onuAn ~ sAo oaIc " Wy !uos 1pPo' y ~
I'm "nn M g;oo,ooouuo aht1 tno sotns lnsu!so ~
Ioo'uou 10 eSceas OF LILO requirements ot tHe
PFfsens Gt'
sauao ~ slyGn, showing tne k1nua anN a1'onnte @
~ Mea ny the ba'llta IN heW YORK ut5 II
tau1:s nn fct aSaeatoa ctles ana IN sne
Sn pm ha,o ~, ha aa the anonnt tneso oanlt
~auiu i masa ueen feaaired to hold II tho feBefft
A~"s h"o te'na1hed Unchanged.
n,h. ,no,,.. IhE hAsk TAX. ,.
o.!a Gansn Tnou.t ~ !"Aes paid !nto LUG oHltea
nsseo nl ntTaeu'{ ~ t4o Matloual Danks ior tAe