The Rutland weekly globe. [volume] (Rutland, Vt.) 1873-1877, 1876-12-15

OF lnehb 0Ole5 bnOulu Do Inhu6 III dnllClDb-
ton Of the redemption of 1879, the prepa-
ration required by accumulation of coin for
the demands of January, 1870, and
Immediately thereafter must be at least an
equal proportion of the sum total of the
notes outstanding. As to the surplus rev.
enucs as a measure of redemption, such is
the present and probable future of these
revenues and the demand upon them, that
1t is not deemed at all probabable that any
considerable sum not otherwise appropri-
ated could be devoted to this end. In this
connection, however, 1t is proper to OBJ.
serve tba, now, for the first time in many
years, owing to the large reduction of cur
rency payments, the sales of gold, TO OBJ
tain the equivalent currency therefor, arc
no longer necessary, and thus a oonsidera-
BILE accumulation of gold may lie antici-
pated from the surplus from The customs
revenue.
The amount Of legal tender notes out
standing November /, 1876 was 1857 535,-
1lG The amount of sal ii notes on depos-
it for the purpose of retiring circulation
wes 500, 9l0,046. The amount of national
bank notes in circulation on that day was
800, l43, AGA less, and of legal tender Sl4,-
i64 2Sl less than on January IA, 1875 "a
total decrease in circulation, under the OPP
Grafton of the act, of $43 COZ, 74S.
From these facts, as well as from the
large accumulations Of money at the money
centeTs and the lack of demand for it, il is
apparent that the volume of currency is
largely in excess of the real demands Of To-
Ultimate businees, and that portion Of the
egal tenders might be gradually withdrawn
without embarrassment to the business Of
he country.
Tho earVntarv pnfay q iOtn "a N nTut1mpnt IN
show that the provisions for the payment
If the government obligations in coin con
lemplated the use of gold ard not Of silver
Tor the purpose
NATIONAL BANKS.
TIE report of the comptroller of the cur
rency contains full statistics of the re-
serves, taxation, dividends, earnings and
osses of the national banks, together with
4 summary Of their resources and liabilities
tor each year, since the system went into
operation. From this report it appears
that, up to October 2 # the present year,
2,342 banks 10 all had been organized, OF
which 0S7 were in operation NJ that care.
The returns of these nEs show that they
hen had an aggregate capital of S499 S02,-
1872; surplus OF 1872 POP 2S2 circulation
outstanding, $291 ,544, 020; individual d.
poeits, @65l 1855 .2l0 loaus, 1927, 574 $40
pecie Gnclu5ing com certihcates), $2l,-
800, 7G7 legal-tender notes Gucluding
Unic States certificates of deposiD Sll3,.
1870 SAT redemption furd with the United
States treasurer, SIG 743 G9J $52 Sj3 $50
Of legal tender notes have been deposited
N the treasury for tue purpose of retiring
circulation, and S37 1872 0G0 of bank no c.
have ben redeemed and destroyed. The
whole amount of additional circulation IS
sued since the passage of the latter act 1t
SIS $50 35j and legal tender notes fq1al
to eighty per Ccnt. thereof, or Sl4 464 2S4,
nave btel retired, leaving 'h9 amount OF
eeal tender notes outstanding on NOvem.
Der /, 1876, 1857, 535. ZIG The amount OF
legal tender notes on deposit with the treas.
urer on November l, fer the purpose of re
firing circulation, was S20,9l0, GAG. Tie
amount of national la1k notes IN circula-
ton on November l, was 500, lab 4Gl less
than On June 20, 1874 and that of legal
tender notes was $l4 AGA ,2S4 less than or
January IA. 1915 ; the total decrease Of
legal tender notes and national bank notes,
under the operation Of these acts, being
S43, G07,7 4S.
COINAGE, IMPORTS, ETC.
The deposits of gold at the minis and as
say offices amount to S57 $50, 270. 80 sill
yer deposits and purchases, S2S 5l5, 702 70;
total amount of bullion received ard upcr-
ated upou, SS5 095 973 80. Deducting re
deposits of bars mad, and les led by one
institution and depo,ted at another. the
deposits were: Gold, 81 ,943, 2s5 ~
silver, 1924 ga DOL 81 /; making ut 81
500 5l7, S31 90
The total gold coinage was $33, 49,
962 so; to'al silver coinage, $40, 1926 .
500 so, Of which SO, 1872 $50 were of trade
dollars The minor coinage amounted to
$2G0,3 the total number of pieces
struck was 81, 10t ,463; total value of coin
age, $57, 800 Sl5.
The receipis from customs for the year
ending June 50. 1875, were $157, lG7,
| 722 35, and at the corresponding date OF
| 1876 they were Sl4S, OIL ,9S4 81, decline
| of S0,095 1877 "A. The receipts for the
| first quarter of tie current fiscal year were
| S37, 5j4 1928 53, while for the c)rrespond-
ing period of last year they were S44, $780,
G2G %, showing Z decrease of 50, G7S,,
s97 ~.
The coin values Of the exports and i'm
| ports Of the United States for the last fiscal
| year, as appears from official returns made
| to and compiled blythe bureau of Statistics
| are as follows:
Exports Of domestic merchandise, s525,5s9,2i7
Total ................. ......... $40, ,G7l
Imports of gooas...,.... .......... 4G0,I4l, 100
Excess Of exports over imports, 1858 4s
For the fiscal ear 1870 there was an eX-
| cess of IMPORTS over exports amounting to
| SO 5G2, 1925, showing difference of $780,
| 20G, 206.
| Exports OF specie and bullien...... SIG 5O6 1902
| Imports Of specie AMI bulllOn...... 1896 GSl
Excess of exports over imports, 4O,5eo .G2l
| Total excess of exports of merchan-
disc and the precious metals over
Imports. ACKNOWLEDGEMENTS. Sl2O,2l3lo2
The register of the treasury reports the
| total tonnage of vessels OF the United
| States to be 4,270 ,45S tens, decrease OF
| 574 PA tons from that of the fiscal y6al
ended June 30, 1875. This decrease is
principally caused by the dropping of cana
| boat tonnage exempt under the act of con.
| gress approved April IS, 1874.
The following table exhibits the totll
tonnage for the last two years;
y Yes. T +s-
sells: Tons sels. Tons
| Registered; 2.9si l,53s,s2s 5000 i,592,sN
licensed. .. 29.aoi s.qo9,9Oi ga.9 9,csc,es7
|
Total....... 1855 $685. 3a 1884 4,179,45s
The remainder Of the report is aken up
with statement Of the operations of the
revenue marine, the life-savirg service, the
| lighthouse establishment, the coast survey,
ETC., which show efficiency in those depart
meLts Of the service.
Brief Chronicle.
TIE exports of butter to Europe are I'M
usually large this season.
1t cost Rensselaer, county $2S ,034 to sup
port its poor the past year.
Brooklyn has a female burglar, eleven
| ya.ru old xuhn otaa1u Ip11a