New-York tribune., 1876-12-06

1875 repealed AL proysons Of law limiting the aggre
The duty of the Secretary of the Tr asry to retire lea
tender notes TO the extent OF 80 cent OF the sum Of
national bank notes thereafter Issued until the amoun
OF iec,tener notes outstanding shall be reduced t.
3Oooo0oo0 Since the passage Of the fprmec act So
Treasury fer the purpose OF retiring CREMATION and
stroycd The whole amount OF additional circulation
issued since the passage OF Tie latter act, Is 81 08o05
and legaender notes equal To 50 cent tbereo OF
sii ifieSi have been retired leaving Tie amouut OF
iegal-iender notes outstanding on Nov 1870 S3o7
With tine Nov. for the purpose OF retiring
| circulation, was s20,9lO,9i6 The amount OF national
tEan ON June 90 1874; and thas of e.ltender notes
was Sl4 AGA 2Sl less than jan H. 1873; the total
urder the operation of these acts, being 74S.
The Controller considering the present year especially
ton OF his report to review Of the banking systems
under which circulating notes issued previous to
the organization or the national banking SYSTEM and TO
The pre esentaiion, in concise and convenient FORM Of
tho statistics Of the two Banks OF tie United States and
of the State banks OF tho country far ~ they
coui DO obtained from Official aud other reliable
sources. The tables compiled by h'm from estimates OF
Mr. Gallatn in 1881, give the capital circulation, de-
poss and specie Of tne banks OF the country including
ISL fsS $50 and isSo also Similar information ~
state banks from s3i to 1868, and tho national
troer also presents by geographical divisions the
ta and deposits OF the state banks, private bankers
aud savings banks OF the country which have been conf
piled nom made TO the Commissioner OF Internal
Revenue, during the present year for purposes Of tax
country since 1911 and show the total bank capital
tine present tune to be less than 7Zo oOo 000 al:d
the total bank deposits be not less thzD 4O0OO0
The OF additional circulation lssueti from Jan
Il, 1875, to Nov !. 1878, was $lOss66a5 The amount
issued during the year ending h9y. T. 70, o. was c
$50; making total from Jan H. isIo TO nov L. i5.o,
one year and nine and a-aaf iontns9 OF SdspSV52S
aud twenty-five banks Organized durths thai neYlod
vita aggregate eaastsl OF Slt0590o The reinaih-
lng eireulItos amounting to 0767l11. was issued TO
banks previously organized The amount ef ieai tendcr
SE Sss IIr TsS aet decrease IN the
Of national bank no IS from june ~, dS 10 o
the Trcasurer for tho purpose OF rctrlng cueaon on
Now /, 1879. was s20olOoi6. Tho large reduction IN
bank cirpuato may bc at ribesl TO desire 10 realize
the premium upon the bOVds NJ their present hlE value
IN the market tine Margin between tte exc naI,'a 1la
bonds beis carried "a proat account ana use lthcr
III loans other myest eats " for Charging OH oSSeS
or paying diydsuds. -,
main unchanged, II proELbe that the amount oi
additional circulation tc sed rDni Soy L. isao, 90
Ian l. 1879 (tNa aRd two BfO3itasl, woui exceed
$4,000. n, however there shOubl he material De
cline tho valno OF boE's II Is 80 De presunie m ma"
s loo sno inc I,pe % i,Ti Tho profit on circula
ton depends upon tue pFce nd for 70 DOGds ana up2h
the rate OF interest X the nuness or the count should
revive or the vde Of bonds decline, the amount OF err
cu,son must b. largely increased The rf0ht on eiFe
ltlDn estin;l 40 about tDO and quarter per cent
IN octI.S where the rate Of interest Is per cent
th yinr % eigcal Is .bOut two aGi half per eehi
where the rate Is Ten per echt, e r0ht Is aOit one ana
hall per cent, at ths pr sent valuation OF tie bonds
COINAGE.
Tho deposits OF gold the nlAts and assay Offices
amount Ia S57 IS027O so; silver deposits and pur-
ehases S2S.5Ij,702 10. Total amount Of buboa re-
ce,v.d aud operated upon, Ss399J.973 % Deduetihg
reaeposlts of made amt issued by institution
and deposited at another. the deposits were-g0ld,
Of ,S6.5 .s57 81
Tbe to ai gold coinage was sss .l7s9s2 SO Total l
silver coinage, Sl9l@G5O2 80, Of which S6l32O1O
we Of trade dollars The minor coinage amounted to
S2GO35O. The to:sl number of pieces st,aeS WAS
S7,l0l .l6S Total value ~ coinage; 81 l,05o,Slo
me re bort of tnc Director of the Mint presents in de-
tan ful account ~ the operations ~ the dh,Tcht
question OF monetary s;lndards and suggests some
amendments OF the laws relating 10 the SILVER coinage
DUTIES OS IMPORTS.
The receipts from customs the year ending Jane 30,
1870 were SI571G7722 IS, and NJ The corresponding
date Of 1876 they were SliSO719Si 81, decline of
Oo5 737 "a The receipts r tho ft quarter OF The
current fiscal year were SJ7 5572S 49, while for the
corresponding period OF last year they we're $ai25j
&c -, sbown. decreas' Of S6,G7S.s97 r. For The
months of October ni SovsuDer, 1876, the receipts
wcre <2O2i7Ol3 %. and 20. TIL same mo'h, 81 la't
year S2S SyJ5aJO - Abvni ,hr.r iou tis "i Iil
revenue from cu-tuDs - collected NJ tl port OF Ne"
York uni the litigation sTi,rs ihcic"a hh7 50 crowded
thc doe ~ courts Ia the southern district "i teal
STATE that great delay In the decision "i '9rln
unayunnbiy arscn suits are brought ior Vie reversal
oi 81 The Department, pending WHICH im"tt
-uiJect"d To th' Iayh''n Hpd'r protest. OF @ u
Tics which nfir ycng. of AtgstOn may appear 10 nave
bon wtopgu!ly ass.rscL ia this way sitis are multi
which -poa.ly hnal ,tsion might "6'iaie
Two u-tho,ls Of obyaiing snrH DELAYS are suggested
The st u tle oriAn1 ,t.nh oi rSn.' "
surh a. connected with tn thaiuhcr OF Commerce OF
y uF
jud .lgB IngAt be- thoa~hi best iuo s'rnhl Is ihe
,.t.ldshmen nf a revenue court IN Inc southern lis
rc pf York sN-llsyely for the trial ~ cGStons-
revenue eases analo 70 tho Court OF hNchequer Ia
IugI.nd hich iiuay had only jurisdiction Of cases
AR .ug m connection win ~ kings eYCaue. Under
eiter systs!n tie i ycst eXcrt ski nob IN Ia" ana
fact. might BE- secured for t-o speedy dreTniLiol aI
peculiarly russsrT sing class ~ i'i2aol rI>fs There
Is reason t. believe that the ryvnue a, suffered great
los by excessive allowances ior dani-' go imported
mrFchaudisr occurring nh IN" N' y. N'i' ai"" ..,'
AZ nov made undor section ~ 'i no REVISED rit-
ir,. FCI! Tie revenue Dy tht !t-i5h OF aiio'-
c,i subordinate, 81 the tu-ioi'f an q ~ pGl'-
feed uud.r this system: even hon q oti, - are
u,nn to ha deceived through inIdse4tice ara iio u-
tiins.c difficulty Of 'stimiun- tht ar-tt dtl' l g
seriously ahrs: - having wcichBtlse OIL Whch EhrH
allowance bcco made marked "daia1Sed - some
age o this eharlctcr h"nld n"t "e Iit!e te "i
iusurnncc - vel a. other r3as Wh!'" ere tsai"y IS
H. cn,n,iInr, win the provisions of Section u the
Lrgtsaivc Executive, and Judicial Appropriation act
approved Auz -. 1876 u " careful sefun' ha' pt'h
made of the force caoy sd In thn III cii"h ut uc rev
cum, from c so,aa with view Of reducing the hiiBIb'r
of the sauie.' k-porf O4 .p.cdI 'cI.s as'N-N" "
,iltv n cely.d 20 collection distfpts fecphhieId
nn s.grss.e reduction OF -.o employees invnlt inS u
crease the annual cXl"nst Of ;'-i-'o'' -
II - pT1os~i % make re.!nenoa Oh ~ yer S,li Iii
In salaric3 csrtsn dstrictA' "hch VIII ,o. 90, ~,
. a7lo!iit NO. @ ~ ~ si .l iroia gicl reports hags
moi vet becrr,c,ivsd These II is ozilnatei o. no. ~,
viii add TO the reduction about 2ovo' w
Making total reduction in annual expenses - - o.,
of sOectiug The tsyeHae Oi @iO'73t ~
made ..,
The report OF the Commissioner OF Internal Revenue,
here IA IL nsmttei sats forth Ia detail the condition of
this branch Of Tho public service:
,ea sho,rjaq me reeeipt' rom e r'rdl obs Of tGrs
~, 1nayr tas Inns fyr nG UeaI gsI'S
ended JuaJ 50. 1915 aHa 1876, 's5pet''retg -
Increase. Decrease.
c.t,,s ............ 81 i,37i Ol ......