The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-03-04
Increase in bonded debt for February $7,611, 500
We, however, append the following by way Of

An evening paper contains the following eX-
PLANTATION OF Mr.. Richardson's inanctering:-
Our attention has been called to the fact that
the gold interest bearing debt shows an increase
OF over ST. 100000 in the February statement, that
excess OF the pei cent bonds redeemed. This
difference, we believe, can be explained chiefly by
the decrease in the debt on which interest has
ceased.
The writer forgets that the provision Of the law
quoted above is mandatory, and does not leave the
Secretary the option OF issuing fresh bonds in lieu
Of called bonds until the latter are returned. 1t
was at first explained on the street that the differ
ence and increase arose from the conversion OF
1858 fves into the funded loan OF 1884, but this is
rendered nugatory BY the table we publish. The
inference at the present s that the Secretary has
violated the law TO a degree that in times OF less
pronounced political hostility might endanger his
incumbency; but now the most we can say is nous
pesTOnS.
THE COIN CONDITION OF THE TREASURY
u illustrated by the following hgures:-
De6i.
Coin interest due and unpaid. S5,551.15S
Accrued interest to date ............. % l1O,476
Five-twentes 1852, called and not re.
turned. S,2lO, $50
interest. $1,000
Total ACKNOWLEDGEMENTS. ss5 900, 2s2
Coin in Treasury, less special deposit held
for redemption of certificates. $685. 100, 223
AddlIlonal loan OF 1858, outstanding. 26o,ooo
Treasury deficit. ACKNOWLEDGEMENTS. 1,O22, OH
1t is upon such an exhibit as this that Mr. Rich
srdsOn undertakes to trife with the inquiry of
great journal directed in the interest OF COM
merce. 1t is satisfactory to learn that he deems
some apology due to the public, as may be seen in
the following extract from letter addressed to
this department from the HERALD Bureau In Wash.
ingtOn-
HERALD BUREAU,
WASHINGTON, March 2, 1874.
Secretary Richardson says that 1t was not until
Saturday afternoon last that it was determined to
resume the sale OF gold, and whoever started
the rumor founded 1t on the accumulation OF coin
In the Treasury, and the suppOsitlon that the
might be resumed In March. 1t was the Presidents
gramme. This explanation he deemed due to the
HERALD lest you might suppose he had Intention
ally misled your correspondents
GOLD RANGED
to-day from l12K 1925, without much excite.
ment; the carrying rate ranging from nat to per
cent for borrowing. The operations OF the Gold
Exchange Bank to-day were as follows Gold
balances, s2,020055; currency balances So 279 $751;
gross cearances $40 O42 600. The customs receipts
to-day were 100000. The Assistant Treasurer
paid out $330,O0O on account OF interest, and
$4,000 in redemption Of fve-twenty bonds. The
total disbursements by the Treasury at this point
to date, on account OF March interest, are
$2477,OOO.
FOREIGN EXCHANGE
was heavy and lower this afternoon, closing at
As3X a 4.S3H for bankers sixty days sterling
and As6k 4.s7 for demand.
MONEY
continues easy at and per cent, in fact, were
nominal rates. The outstanding legal tenders
were unchanged at S3S2 00O, 600. Internal revenue
receipts 1921, 900. The Treasury disbursements
for February were $l4, 10000, exclusive OF the
principal OF called bonds and interest on the pub
lie debt. Foreign exchange is weak, prime
bankers sterling being 4s3A 4.s3h and
4.S61 q 4.s7. The total exports OF produce
from this port for the week ending to-day
amounted to $S,93 $50. mixed values which is
decrease from last week OF 81, 523,619. The ex-
ports for the corresponding period OF last year
were eOs, and for 1872, $5,O75,1l3 The total
exports since January l. this year. are S4o
against s4 o75 last year and $751; $751; 3 in 1872
GOVERNMENTS WE'RE STEADY,
closing at the following prices United States
currency skies, lea Hex; do. skies, 1881 regis
tered, 119 49,; do. do. do. coupon 11esI a
40; do nve-twenties 1862 registered 1161;
do. d. do, coupon, III lls; do.
do, 1854, registered, lis 1le; do. do. d.. cou
pons 1854 119h; do. do, 1865, registered, 11sk
1lSK; do. do, do coupon, 12o,s a 1909; do. do,
1865, new registered, 11s1S 1Is2.; do. do. DO.
coupons l1sh a1lsX; do. do, 1s67,,regstered, 11sh
ll9; do do, do, coupons, 1lg o lI9I1; do.
do, 1865 registered 11sjd 119; do. do, do
coupons l1S1I 1l9; do te1fortIes, registered
1121s q 113; do. DO, coupon, 1928 a 113; do
dves, 1881, registered, 1l454 114A; do. do. do,