, 1877-12-01

1he iofa! Am0unt collected from the National
Dnnks, ssnte bnnks. and rrtyatc bankers during
the inst year was 10, s.b, BlU. II; and from thu
date OF the imposition Of the tax 10 the present
time S11O. DHN, ;}51. no.
THE GERMAN arrrLf OF BIfvRH.
German authority. DR.. soctbccr. publishes, In
tho Ltrtlatr DosT4t1 ZtitNAy, . report Of tho
ntnuunt OF silver withdrawn from circulation by
The ficrman Government. Between 1877 and Sep.
tcmbcr, 1877, tho Ccrmxt Government has sold
sboat ono half itstnrpins silver. The following IL
IN cp!tomn af DR.. Ho1tbecr'd document:
The caln withdrawn up to tho end N septembcr,
lS,.. YIELDED q. o09 Mint pounds ri kllsJ ano
s!t,Gr; H. tsrs Of which At !hc IurGiss mint rato
Al 6uo lba was used for the liew coinage, leav.
Ing b.G1o. QUO lbs snrplus. The German silver
re5f 5 ffo mlnss and H. .n,sns works At the
- 400, ooo: being n;orc than Il. 450 005 PCT M.
nun. ant this y on tic !ncreass. According 10
% London amounted, from ls7. 10 IS76. g.
. 3of hsc ysars.-tn about ten millions altogether:
u na r. ,hs nS 1tns snaF September
from JHns to senton,bcr. Tho report then curn
H., m 70 ,<ost say ttat according to the ed
ane sllres. but experience 10 fas shows Tint
'hess estimates atr nn!lcs tho reality. ThS
sh. o Il H., e,s;Ia'ea ss y ~ so1s authorities ut
trnis uon,It twenty tive miIIlons stctlpg ana nj
tle nrcsyns price q silver, about twenty. and
t-.u .ttrr thalcrs, which wcro pfiHcfnafly and
arr still in circulation In 0ssmnny. ii viii hs .cs.
huw Eseatly these facts ihs statements nado
bclu3e orr silver conm!ltrs last Yr1r, and mat
They stu e,cu aiorc4h rsti.nasoa handed In By
~. EFnsst EeYd, which wcre the hIyhrtt. THO
E'an Government continues 10 cxrort at tho earno
Fate ns il hss done during duly 10 September ills
y y;"t is nay F;' :; nl;, a. So Ssaas s5d
CT ~ 'ar slseE market. hut It Mnet still be buspc
y MINT TINT tlo Austrian silyor thaesa afe not liz.
German NINA bit fspcliuu enters into ennaumt,-
@ tana " ,ieelnical putp0ses. and that u,ore than
. Dme i" .it,!!as nsr annum must ee added 10
THE slsE1xc FUND.
INC requirements Of tho slnkIng Fund Tor tho
extinction Of the Cnitcd stasos debt were, up to
June w, 1870, si33 8IB. Gle, 37. Uut tho amount
ectaA'ly paid ,nto ths fund by tho Treasury was
ss.o' H4. ol In cxccss Of tho requirement. It
Was IN al e1a0, Gs.. :"it A. the payments 10 thu
eseklh3 Fund have so far exceeded what was
necessary. ~ Proposed 10 lighted ,ta1atloh by
fcmtt1hg Io1 several years taxes enough to reduce
tue revenue to tha hctua necessities OF the Gov.
e'hseh1' The payments 10 the Sinking Punh
wcro mads ouS Of tho surpus revenues Of The
Government. and II II calculated that II will afford
AIpayera considerable relief 10 have taxation 10
reduced That there will b.. but tr.aIng surplus.
the STOCK MAhKEr.
Tho New York Uaily i}atfttta Of Wedncsaox
notes hcayv selling Of speculative shares, Inns:
Whether these ealcs nru really for tho account M
disappointed holders who iayo 1csn Cstfyjus iarse
oIocAs of stock ssnco !aat katnmer whsthcr they
FAVOR uf hr trss lhenry Ia the fact that lhp c.i
uan larktt. with no new 1ralns Of deuanls On il og
na a enasutts, a;. was nots Sese as u Lo
1os holders hal created maro nctvity In tie mar.
~. athoeeh wanting nv more money than was
lew i1tga dealost. Thsra "a nlso, on The sane
e!e Or thu question ths fact that tho earnings uf
Ass saa H. has ss s ns
ss.a1,'n* from consolilstlon less taan they weso
The Indicator rsiaes the question; Who Ia ael,-
lns Lake Shovf II declares:
Ill, ~ y erftala that very largo amount Of inYest.
@ msns ssosk hss been marketed during tue lat len
eellcf. II il tolcraby ccs1ain that ihe Cu,on TrMst
noaaahhahy ah.y nus teeh given up ~ thr brokers Who
eeadlsd e; ,s ou. ths share. from dah down 10 !;,
sha tas connection OF tho Vanderbilt family win
tnat instiut!oa leads soaa color 10 Tho baief that
NJ Llam u. Vanderbilt has bcsn slyly reducing iii
ins no o. n's.tmcnt stock. Tha fact taa ihs lfunE
nhs. ~ pow cutting under ths rates axed ~ lis
eoonng compact would. Ut cour4e, become Known
~; ,so Hands5oi;t esrllss than % no.t Vail sttcst
ni,.i us, ~ M Le would not be likely te hold u
olocI q ~ 900 o. ~ 900 sharcs oI Lake slorv
wni,e me ptfs ~ Thy stock remained higher than
TO PREVENT wAsH GALES on rus STOCK W.
CHANGE,
Tho GoveEolng compittee Of the New York
6toek E1ehapgo a4ld to be discussing 4 new
sy''em OF dealings to rteseat wash ealea Slx pub.
c Calls every GAY on active s,ocks orc to ba estab.
hsusa sfetS Aeofa Trade TO " Immediately re.
corded BY ths Secretary and the comparison, 10 h,
mads immediately and read OF tn public. Two
additional calls ass 70 bs hsa 1ok Government
tuuds. Members arc to bs required 10 ksrn tbe r.
vests during tho calls. Customers sse to ts al.
nlttea up 70 Tho raillngs 10 Conlcr With btoAer,.
Tbs President Of tho Exchange denlo& that sash m
Arrangement Il proposed.
1Ha SAVINGS BAaKs or coaaHc11cur.
The annual returns of tbs savings uauk Com.
nissIoners OF Connecticut show that on "a, l..
"1647, there wan In loaus On real eatste dccs<ass
Of $o7, coo; In loans stoeka and bonds dsqassas
Of sAoo, coo; In luvcstusnta in Etat&, town, and
city bunds . decrease Of $A00, coo; u A1poA.s I