The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-01-06
Total $50, $751;, ACT
Coin in Treasury, December 81 1s74..... 49,, 449

Actual coin owned by the government
quot subject to immediate calp In
In the afternoon the following was received ti:Y'S
The balances in the United States Treasury at
the close OF business to-day were:-
Special deposits Of legal tenders for the
redemption OF certificates OF deposit. 4145o,ooo
Including in com certacates 2'cs4' ioo
Outstanding legal tenders. 49,, 600 900
This glaring difference between the com re-
December 81. and to-day. January s. with two In
termedlate dies non, and but few disbursements,
surprise, but Indignation. Mr.. Brstow seemed
to escape any censure in the matter Tor such an
inaccuracy in the official debt statement, and 1t
was generally referred to the lntricaces OF that
Treasury bookKeeping which was so marked q
feature OF the administration OF his most recent
predecessors Thus, there being no disDurse-
ments OF any Importance In the interim be.
tween the publication OF the DEBT state.
ment and the present Treasury exhibit this large
difference was Immediately referred TO the antlci-
pated interest payments made in December upon
January account which were not borne on the
December ledger, but simply minuted and only
posted when the January account was opened.
There Is still discrepancy however. which has
yet to find another explanation. The difference
in the two Treasury statements respecting the
coin balance is
December 81, CON- 49, ST., 449
Yesterday. ......-................. 7o76l,1 1877
na,nst rms we nave tho annnnnccSn go no 2o1
the total payments by the Treasury (meaning the
New York Sub treasury on account OF January In
terest TO date were s., $4,000, which leaves bal
ance OF over three million dollars to be accounted
for. Surprising that amount to nave been paid out
from other disbursing offices OF the government,
this would balance the two statements. People
not familiar with
THE WAYS OF TRADE
would think there was nothing serious in dis.
crepancy so easily expalnable. but If they VIII
stop reflect how important q factor in CONNER
clal dealings the government coin reserve is,
especially how important IN respect to the foreign
difference Of si2ooo,ooo in such a fac,
accepted quality of that factory must
have had Its influence in all transactions
involving gold dealings. Mr.. Tilden In his Mes.
ury action, not only IN respect to such errors as
this. but the traditional "pohcy" which MIR. Bris-
tow for excellent reasons has Just abandoned as
follows We quOte:-"The natural causes when
affect trade may be ioreseen, ana all dealers can
thing, except their own differences in intelligence
and judgment. But the action OF an official con-
Quoting the largest financial operations in the
country, and exercising dominion over the CIR
cuat0ry credits that are part OF the machinery by
which the mass of private transactions are car
red on cannot but tend to create In all industries
uncertainty, confusion and mlscalcuatlon."
THE TREASURY STATEMENT
published here January the following appeared
as Treasury coin balance:-
December 81, Tree OF all call liabilities. $199 9S2
Loss IN coin since then. IL 1916, 252
Treasury coin defct. 81, $780, go
NOW ~ TeuldluS W Ut asked il the disbursements
during December on account OF January interest
not being posted was the occasion OF this discre-
pancy so Unexpectedly developed between the
monthly statement and yesterdays current state.
ment, was 1t not Offset by that accrued interest
thus wiped out being likewise borne q debit on
the December ledger? 10 that there can be no reply
except from the Secretary. But whether this Is
the case or not, whether the Treasury has sur
plus over its coin liabilities Of less than
$500 00O Is behind Its call liabilities $11 900 COO
Still the fact remains that whether from intention
or awkwardness the business community Tor five
days three business days. has been deceived in
respect OF that important quantity in all coin
gagements, the Treasury balance, to the extent
OF $l2,0OO0OO. The prompt correction by Mr..
BrlstOw to-day OF the error (technical or other
wise) in the December statement was the subject
Of much cOmmendatiOn.
GRANGER RESULTS.
1t Is stated tnat the inability OF the West Wis
consin Railway Company to pay its January in
terest was due to the fact that the road, having
been forced to adopt the provisions OF the Potter
bil cannot earn all OF It's interest at the reduced
rates prescribed by the law. The railroad CON-
pany expects that this bill will shortly be repealed
when 1t can resume its old charges, which have
hitherto been equal to the interest on its 0bga-
lions.
c., c. AND I. G..
fell Off from Ga to 81. Some surprise was ex-
pressed on the street That a stock having so many
sees and an eye should SO frequently come so near
passing out OF sight.