The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1877-05-18
$4,5GA,1O Gold ON Hand 10
AgeSunne with.

The following report from the
New York Times, of May 4, shows,
among other interesting items, that
the government has less than SIS, OOO,-
600 In gold coin on hand to redeem
about eighty times that amount OF
its paper promises to pay. This is
considerably less gold than it had q
year ago. applicable for that pur-
pose, and shows that it has not been
making any particular progress to-
ward the resumption set for Jan. 1,
1879, although it has undoubtedly
done the best 1t could in that direc-
ton. The gentlemen who insist that
the greenbacks ought to be redeem
ed in gold, will please step to the
front and advise the government
how to carry that theory into actual
operation:
WAsHINGToN, May 1.-The April
debt statement shows q reduction
in the puplic debt for the month of
$4,3l5,5 and for the ten months
just ended of over $29, 100000, which
includes the 81, 600, 600 received from
the Alabama award. This is nearly
$2,000,0O in excess of the reduction
for the corresponding month of the
last fiscal year. The coin balance,
after deductlng nearly $50,000,000
for coin certificates, Is sos, 727, O4I.
This includes nearly $l5, 900, 900 re-
ceiYed for the sale of bonds, which
are held to redeem called five-tweu-
ty bonds not presented for redemp-
ton during the month. Deducting
this amount, together with nearly
$33, 600, 600 for interest dua and &C
crued to date, aud $3,573,79l in sill
yer coin, leaves the actual gold bal
ance against which there are no liza
bilities, $500, 194. The currency
balance, after deducting $60000O0
held as special fund for the re-
demption of fractional currency, is
less than S2,500,O00. Under the act
of July, 1876, 100000 in legal ten
ders were received in exchange for
silver coin, and that amount is re-
quired to be held as a special fund
TOR the redemption of fractional cur
rency. This reduces the currency
balance by that amount, and leaves
1t so low that.lt is probable consId-
cradle Inconvenience will be expe-
rienced in meeting the daily cur
rency obligations of the government.
The legal tenders outstanding
have been reduced during the month
over 100000, and the reduction
since July 1st has been $S,277,SS0.
The amount of legal tenders now
outstanding is 1851, 100000. Pre-
vious to the financial panic of 1873
the amount of legal tenders out
standing was $356,000,000. Secre-
tary Richardson, by drawing on the
reserves at that time, increased this
amount to $382,000,00O, at which
figures it stood until March, 1876.
since then the volume of legal ten
ders has steadily decreased, and it
is believed that by Sept. 1st the
amount outstanding will be reduced
to the figures at which it stood prior
to the issues of $26,O00,000 of re-
serves by Mr.. Richardson.
Tho fractional currency has de-
creased during the month Sl,253,-
937, and since July 1st over $l2,000,-
600. The amount of silver coin is.
sued under the act of April, 1876, is
nearly So, 100000.
The receipts from customs for the
month were $IO,SSS, 443, which is
nearly 100000 less than the re-
ceipts from this source for the pre-
ceding month. The internal reve-
nue. receipts were S9,722,642, an in
crease of nearly $l,500O00 over the
receipts from this source for March.
There is now held in legal tenders
for the redemption of national bank
notes nearly $15.000,000. @
The amount to be disbursed by
the government on account of gold
interest, accrued May LIST, is nearly
$1l 100000. The bonds on which
this interest has matured are the
tive-twenties of 1875, and the quar-
terly payment on the new 5 per
cents. Nearly SS,O00,OO0 will be re-
quired to pay the interest on the
new fives, and over 100000 on
ihe five twenties. Over 100000 on
account of interest on the Az per
cent. bonds, also became due May
list. The greater portion of this
interest will be disbursed at New
York. rtti- .a. -t4