Connecticut western news., 1878-12-04
where silver bullion is purchased by the

where silver bullion is purchased by the to be paid for ill standard silver dollars.
 The substitution of fractional silver coin for fractional currency has pro- gressed during the year, though not with the rapidity of the former year. The amount of fractional currency re- deemed since June 30, 1877, is $4, 191,- 934. 15. Of this amount, however, $1,- 118, ,526. 19, during the present calendar year, was redeemed in United States notes. The total amount of fractional currency redeemed under the operation of the act of April IT, 1876, to October 30, 1878, was $25, ,297, ,539.2 29. Since April IS, 1876, there has been issued of fractional silver coin $39, 728, ,166, and though the coinage has been suspended temporarily, there is still 8 demand, which is supplied from the stock on hand in this office and in the hints, which, together with that in other offices, amounts at this time to $6, ,067, ,96O IS. The amount paid out since June 30, 1877, to date, is $6, 542, ,S93. The amount of fractional silver paid out at the several offices of the Treasury from April IS, 1876, to Oct. 31, 1878, amounted to $39,- ,- 729, 166.
 The receipts of public money by the depository banks during the fifteen fs- cal years from 1863 to 1878, amounted to $3, ,3O8, 75O, 346. 80, or over $22O, ,OOO, 900 year, of which only $255, 900 stands on the books of the Treasury Department as unavailable by reason of the failure of any depository bank, and the Govern ment has security for 8 large portion of the latter sum.
 The operations of the National Bank Redemption Agency for the fiscal year again show an increased amount of work performed at a reduced expense. The number of national bank notes re- deemed, assorted and charged to the banks of issue, was 2,927, SAP, an in crease of 1892, ,294 over the rreceding fis- | cal year. The expenses of assortment, on the other hand, decreased from $l67,. 7O4.05 to $144, 521.S9, diminution ot 1928, 182. IT, or nearly fourteen per cent | The outstanding circulation of the ma. tional banks at the close of the fiscal year was $324, 514, 294. The cost of re- amount, was considerably less than one per annum for bank of $90,OO0 circu lation.
 The actual legal-tender reserve re quired to be maintained in circulation ranged from six per cent. for country banks to twenty-five per cent. for bank in the city of New York, with interes at six per cent. per annum. Of $21O, 390, ,437 56 in bank notes received for re demption, $8O, ,527, ,OOO, or 3s.26 pc cent, was received from the city of Bos
 ton, and $66, ,273, ,OOO, or 31. AS per cent.
 from the city of New York, nearly sevent
 per cent. of the entire redemptions hay
 ing been received from these two cities
 Under section 5,214 of the Revise
 Statutes there has been assessed an
 collected by the Treasurer from nations
 banks since 1864, at an expense of nc more than one-tenth of one per cent $86, ,045, ,771.11, as follows: On circul,
 tion, $39, ", ,S79. IA; on deposits, $40 , 332, ,341. .43, and on capital, $5, ,935, $50. 5
 The total amount collected on the thrt items for the six months ended June 8 , 1878, was $3, ,379, ,252. .O7, as follows ( circulation, $1, 492, ,224 57; on deposit $1, ,622, ,862.24; on capital, $266, OPS. 34.