The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-11-25
THE NATIONAL FINANCES.
SOME FACTS RELA TING TO THE BANKS
AND THE CURRENCY.
The Government Receiving all the Benent
from Lost or Unrcdeemed Nationsi Bank
Notes.-The Movement OF Coin and Bullion.

The Government Receiving all the Benent
from Lost or Unrcdeemed Nntionei Bank
Notes.-The Movement OF Coin and Bullion.
WASHINGTON, Nov. 2i.-The Comptroller Of
the Currency. in the concluding portion OF his
annual report. says in regard to lost or unre-
deemed bank notes:
The belief is very generally entertained that eonsd
s P9rIn "t tne eregata notes Of eaen national h
lore never be pIesen,ed Tor redemption u Is also irc.
benefit Of the banks Neither supposiion e correct
bank SheS & o ms ses,y ansn az b ri
within SIX months thereafter deposit in he Treasury
circulating notes outstanding The law also qure that
circulating notes Of any nsClyent bank before any dvi.
lend y made 10 creditors Thus It will be sen thatno
ing or the payment O. all Of its circulating notes and
until the last outstanding shall have boon prcscnted
Is therefore plain that Tie Goyernment aud no; the
deemed circulating notes
,om we're ye o @ sS banE rSSsag apssS hs
authority u the LEGISLATURE Of tho state o New York.
e5o75l5l4 and the amount Of unfcdccmed circulation
pe e H % he q , s nmon, wss sse
amount of circulation thirty State banks in the city o.
ona Or STATE a.socaicn, " wSs s17ss ou While T..
si49 ss3 or onv - per cent OF the hsnest nn"nut E
sued the greatest amount Of circulation issued 7o7
amoun! outstanding s2eoo2s2 and the proportion
II is probable that under the national system Of re
6emgi9n @ ,e propornon OF maternal bank notes redeem
under The OLD system. The highest amount Of circua
to 1870 wa. 81 5St ~ and The amount oa.sSnds Sr
Noy l. is7s was 1870 N, The proportion notes IN
Tue total amount issued to twenty three nptona bank,
amount outstanding on Nov l. is7s was ss7'.
97!, ,9s proporuon Of notes uuredeemsd beinS
The GSP ci 81 b.as. OG N yoassSy ls'SsS
irs Ss remains oat:tsdiSs sssa Or Ss ts1e ss ssse
Gnly Of ihe amount issued Of the circulation Is hanks
there remains dai.tanding si2ia4s Which 1. eeasl 10
qGaagSs Sa 70 3 T IN @ "@oant s y Ssa' sls s 10
main, ,n,r, 9a.sapding SS2 Or 2s2 Per cent Of .he
issued from July a. 1881. 70 Dec 81 1902 s60OoO.
and the amount remaining outstanding on the ist Of 10
Sember last was so2os5. tlle proporuon unredeemed
having been redeemed within the last two years
A table gives the amount of specie held by the
national banks at the dates OF their respective
reports for the last ten years which shows an
aggregate on Oct. s. 1868 Of sl3,003. 1850, and
on Oct. l. 1878, OF sSO.6ss,6OO.59. The report
june 81 aud Oct 1876 wa: see and " sos
IS 100 U.s. and on oct l. is7s s5ss7 7 Tie sseieSsss
Su n S PfS esS a S ss T R9 Nsy Ens
Louisiana ohio aud Wisconsin as shown BY their ofcia
New YORK cy held q 80 SO IL ihe Wm retrns nY irom cs
ioIa Pm ,hS amount 9 com Is not gwen separately
estimates made by the director o ihe Mint showing that
one @ %a . a fS sss OSS 81 When X s s
was sllNef Assuming THIS csiatc To been sub
sinntaly correct the movement OF and bullion
the year ending June 80 ls7s ana the amount In tho
mates hs Drseor f q The Mint to HsSs @ ,'n'' Ssen '''
Estimated amount Of coin aud bullion in the
country June 80 1877 e242 ass
E.umaed produe, the mines ior the year seiooo1o
Imporations Tor the eyear................ 20s2i3it
Total ;.............. sS7i. .S77 i77
| Deduct eNportEtions. .......... 81 6a7 SIS
Amount used In the arts ind man
uiactures 2T5Jo. .6I0-So 233 223
Total estimated amour, Of coin and bullion in
the country June 80 1878 ee32 4as ofT
or this amount t2t4 s5S 800 In gold coin and hui.
lion, and So, ,too.5S7 In silver coin and bullion The
mcfea.c for the fiscal year was So N' us,i y witch
tol slep was IN gold coin ami bullion and S37 O5f a
IN silver com and bullion The Director estimates
amount Of gold cWn and bullion in he country = pL
~ l~IS at about S2dH. 800 sl and Of silver coin
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