The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-11-28
TREASURER o1Lr11LAws REpoRE
The fetal Resources OF Coin aud Currency
silver Coinage.

WASHINGTON, Nov 27.-Treasurer Gilfil-
lan's report shows that the total resources In
coin and currency were n Sept 80. 1876. 1885,
024. 472.39; in 1877. t2l3.Gs1 ,111.25; in 1873.
1897. 424 .964.74 He says the coin resources have
steadily increased from t67 $50. 70j.05 on the
nbovo date in 1876 to t133. 5s5 07224 In 1877.
and to 1898 .007 574 80 in 1878. The total amount
Of unavailable moneys carried in the balances
OF the accounts kept in tho Treasurers Office
was s36i2.6l less in 1878 than In 1877. Under
the operation Of tho act OF 1875. providing for
the retirement Of lcga-tender notes equal to
eighty per cent. OF national bank notes
issued the aggregate amount retired from
1875 to 1878 was 1851 1884. leaving
the amount OF legn-tender notes In cir-
culatlon on June 80. 1873. at f346 ,6s1 .0l6.
The act Of Feb. %. 1873 required tho coinage OF
silver dollars OF tho weight Of 4l2s grains troy.
Of standard silver. The first coins under this
act were received at this Office from the Mint in
March. 1873 and we're exchanged with the pub
lie for gold coin. Tho amount so exchanged at
tho minis and at this and other offices was
III, 042 OPT. The total amount Of standard silver
dollars coined to date Is 1929 800. Of which
amount there is in tho mints md Offices
tl3359b77. and in circulation, A922 623. At
present they are sent only TO depository banks
and the offices OF the Treasury, and are used in
payment for silver bullion and in payment to
express companies on account Of their charges
for transportation OF the coin. The largest pay
ments OF silver dollars have been made at New
York and San Francisco but the coins issued nj
those points Immediately find their way back to
the Treasury vaults either rs rcc.,ipis from GUS
Gates or in payment Of subscriptions to the four
per cent. loan; On Oct. 81. 1873. there were
tl4 1891 77 OF this coin on hand and 81. 922 623
outstanding. Tho aggregate amount sent to
depositary and other banks is 1894 995.
The total amount OF silver certificates issued
at New YORK. 1910 900; and at San Francisco
f.76s 400. Only 81 .577 $50 are now IN crcula-
ton the remainder having been paid into the
Treasury through the Custom Houses. and not
reissued. The certificates issued Ut San Fran
cisco found their way az once TO tho New York
Custom House. There IN no demand for silver
certificates In exchange for silver except at
points where silver bullion Is purchased by the
d dhar s.''"' ~ ~ p"'0 ~ '''''' ''''''
The substitution Of fractional silver coin for
year. though not with the rapldity Of tho former
year. Tho amount Of fractional currency ro-
deemed since juno 80. 1877, Is 8. l9l 1874 10. OF
this amount. however. tl.lls,52619, during the
| present calendar year. was redeemed in
Of fractional. currency redeemed, under, the
10 Oct 80 1878, was t25 297 53929. Since
April is, 1876 there has as been issued Of
| tho coinage has been suspended temporarily.
| there is still demand, which Ia supplied from
which. together With that IN other OFFICES,
amounts at this time To 90 O61 g6O.lS. The
amount naid out since June ~, 1871. TO date. If
81 5i2sg3 Tho amount OF FRACTIONAL silver
| paid out at the several offices of the Treasury
| IRON April Is. 1876. to Oct 81. 1873 amounted
| 10 $50. T2S. lG6.
| tory banks during The fifteen fiscal years, from
| 1863 to 1873 amounted 20 50 sos .750, 3iG.s0, or
| over f22O,OOuuVO year, OF which only tl55OOO
stands ON the books Of the Treasury Depart
ment as unavailable by reason OF tue failure Of
| any depository bank. and the Government has
| security for large portion OF the latter sum.
| The operations Of the National Bank Redemp-
| ton Agency for the fiscal year again show an
| increased amount of work performed. at a
| reduced expense. The number Of national
| bank notes redeemed. assorted and charged
to the banks Of gsi U wSs 255s2st2
| ceding fiscal year The expenses Of assortment.
| on the other hand. decreased from tl67 1O405
| 10 fl44.52l.ss. dimlnution OF f23 ls2.li, or
| nearly II per cent The outstanding circula-
ton OF the national banks ut the close Of the
fiscal year was S3245l4. 2si. The cost Of re-
| dempuon, when computed upon his amount.
| was considerably less than one-tenth OF l
| bank OF 10000 circulation. The actual legal
| tender reserve required to be maintained In
| circulation ranged from per cent. for country
| banks to % per cent. for banks in the city Of
| New York. with interest at per cent per I'M.
| mum. OF $40 800 437 81 In bank notes received
| for redemption, $50. 527 900. or 80 26 per cent.
G6273.O00. or 9lls per cent. from the city Of
| New York nearly 20 per cent. 81 the entire re-
| domptions having been received from these two
| cities.
Under section 5.2li oi the Revised Statutes
! there has been n~~n--ed and collected 10y the
| Treasurer from natl nal banks sine" lsdi az un
! cNr"us" 81 not more than one tenth Of per
| cent. $50 .u45 71lll as follows on circulation
! s39.11IS19.l4: on deposits. f4u.332 34l AZ and
| ON capital - 935 -. The total amount col
ert"d on thc three items tor l1,e, SIX month
lows. ou circulation. 81 i91.2 90 - on drl Y-it-
/ 81 ~. sb2 p; on capital S2bG .U2l94.