, 1875-07-22

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INCREA3E OF AVAILABLE GOLD.
Wo print this morning wel1-writtcn arti-
Gle upon tho subject of reducing tho demand
for goll, and thus lasteung tho advance Of
greenbacks towards par. That part Of tho
proposition to receive interest coupons in
payment of duties VIC indorse, as TINT
measure was suggested some yenrs ngo in
,FuE TRIBUNE, but, owing to tho occupation of
tho public mind with reconstruction aud more
exciting topics, tho subject wna not pressed
upon public attention Tho proposition Is
plain ono. Wo annually collect 91G3. 600 600
gold. Tho Government has imperative
Use for coin for two purposes. Ono
of these Ii tho payment Of interest on
tho public debt, amounting to $107, ,000, 900
annually, and the other il for the sinking
fund, por cont on the amount Of the pnblic
debt, averaging $50, 900, 900 annually. These
two items now aggregate $127, ,W0, coo Of
gold i,nporatiyely required annually. There
is, therefore, n surplus secoipt Of gold cqua1
10 $a7, 900. This surplus, with its an-
nual accumulation, is kept in the Treasury,
md held in readiness to pny out in tie pur.
c1lnso OF bonds, or to soil for greenbacka, md
usc for general e1penses to vhatevor extent
the internal revenue il deficient But, in ad-
tlition to this surplus, tho Government kcepa
on hand twenty to fifty milions of coin to
redeem tho coupons Of tho bonded debt ~
they fall due from time 10 tiHe. There is
generally coin balance in tho Treasury Of
idle gold of fifty to eighty or ninety millions.
Tho only gold paid to tho Government Is
for duties Oh imports, and tue only present
commercial uses for gold is to pay duties and
to export as bullion in settlement of balances
in European, Cubnn, Brazilian, md Chinese
trade, and to pay interest Oh various kinds of
American soouritios held abroad, mud the
travelling expenses Of American tourists in
foreign countries. On this point our corro-
gpon1ent intelligcnuy observes TINT gold ia
one of our industrial products, and that, be-
ing produced in surplus, we export it just as
wo export cotton or any other product Those
who grove over the expectation Of gold might
with Us much consistency complain Of the ax-
port Of corn or provisions. Tho national
misfortune is, TINT, whilo tho world would
rather have our manufactures than our gold,
onr tariff laws practically prohibit their Ok.
ax,,o,t ~ ,no,,,to.ta-or ~
A. tho ctoso ~ t,,a,,,.o, 7u m ,o-r
t,,ero warn IN lin Trao.nr, a-n or ' ooo W., -,
gold at that same latc the interest due and
payable WIS 828, ,a50, 900, leaving surplus Of
tho ool1 IN tho Troos,ry ,v;s, anovra.,a.a ~
nov;no mt amoll .nma for ;,,toroet ~ a,~,st
sonto,nbor mi then ono,hor soa IN ono ' ~
1onno,v ar,7 avail ,ov,no,.a y. r1oxn, s.a
Nav. Thu ovornoa snrn,na ~ h.,d W. ,.aa-
rornd affair nev;r,, tho jntnrost ~ a..
ainr;n, f,,nd wi, a,oooa sro nm M -.
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e s;oa f,,,,n .,,o-.a~ - y. so" , '"ua eAt-
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for tha rrcosr,-, trh, a;,--,"a '' ,,ar,,a s IL
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ara w.. !1:' l"' .'' 4"s.'s sos eo"i'o''7 "neh
S''n a'aeosor ~ A"l'lopf1etyt wrong,