The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1877-11-23


The coin balance of the Treasurer's gen.
eral account, as per October debt state
ment, was $131, 022, S43. The difference
between this balance and the grand total
above stated, is accounted for by sundry
items, such as outstanding gold checks,
amounts in hands Of disburslng officers,
and coin items received at certain offices,
but not charged out OF the account Of off,
GERS making remittance. The amount of
gold and silver coin and bullion nominal
~ on hand as above, GIL, 251 ,1S1, is re-
ddced by the balance in transit $44S, 233,
and by the difference between the bal
ance Of remittance 81, 433, 051, showing
ion on hand is $116, 267 1858. This amount
il subject to draft for the following
amounts: Debts contracted prior to 1851,
matured and interest thereon unpaid,
$61, 339; called bonds matured 1871 and
subsequently,, and unpaid interest there
on, S27. 194, oil; interest due and unpaid,
1904, $50; coin certificates outstanding,
less amounts held In coin items, sic, 1O1.-
$50; Disturbing officers accounts, checks
outstanding, etc., %, 109, 665, which, be-
ing deducted from coin and bullion actu-
ally on hand. leaves 8 balance Of So, 3d.
$50. Of above amount, there Is in silver
coin and estimated silver bullion, S,477,-
5l4. The net amount available gold coin,
bars and estimated gold bullion, is there
fore $65, 48e,07l.
An accompanying lHLL6I AEOlA ~. D.
Treasurer Gil4llan, explains that in the
frat portion Of this statement, silver coin
and bullion are included because the coin
balance OF she Treasury Is made up Of sil-
yer coin and bullion in the bullion fund,
which lie part OF the balance, and cannot
| be given in detail with accuracy, except
/ in the annual mint statement, which
| takes place In July, as bullion containing
silver is not separated in the second por-
ton of statement. Accrued interest is
not charged against gold coin In the
Treasury, for the reason that not being
due. it is not q demand obligation, but
will be met as 1t becomes proper, from
time to time, by coin receipts Of the gov
eminent.
This exhibit shows, therefore, that
the government now owns gold coin to
the amount of $50, 436, OH, less interest
due up to Oct. 81. The amount of this
interest due is not given, but if it ag-
Gregates $50, 600, 900, which is very
probably . moderate figure, the total
amount Of gold coin and bullion or
hand Available for resumption pur.
poses, is, say &27, 100000. The highes
hard money authority is David A
Wells, and in his letter to the Cincin
natl Commercial, opposing the remOn
citation of silver, he said that resump
ton in gold could not be effected will
; less than 500, O00,O 900 gold coin OIL
hand. How Secretary Sherman cal
, accumulate s27sy OO0, 600 in gold In tn,
. next II months, is something that b,
does not undertake to explain. Gu
. only purpose however, In giving tn
above figures, is to show that tn
, monthly statements of the treasury ar
! spt to mislead people into supposini
there IL q great deal more coin on han,
than there really Is, for the figures il
the last statement given, show s135,
SIT coin on hand, whereas there l
really not more, and probably q goo
daal less than 81, O0O, 900 available TO
resumption.
: Il may be added that the repor
of the ComptrolleF of the cur
rency in regard to the condition
of the 1850 National banks in tn
country on Oct. 1st, 1877, show thu
they had coin on hand as follows
Gold coin, 4.S69. 1856; silver coin
So, 70O,7O3. They had also Nations
bank notes outstanding TO tn
; amount Of 1921, S74,2 The Ma
tionAl treasury has now about on,
gold dollar to ten dollars in green
J backs ont, and the National bank
have one gold dollar to about sixt!
dollars In bank notes out. Or il
aggregate numbers the Government
and banks have $32 1000 600 gold oil
hand to redeem $7A5y 600, 600 of pape
{ with. Redemption will be per
fectly easy II people win just re-
i, main from asking for gold in ex
Iehange for paper.