Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1878-09-27
NEWS OF THE WEEK.
WARRINGTON.

WAShtINGIONs
The Comptroller OF Currency states tha
the aggregate capital OF twenty-four hundred
National Banks, organized since the estab
lishment of the National Bank system, wbicl
have become insolvent, was SIC, ,232, 600 Az
grcgate dividends paid to creditors of thes,
banks, from Nov. 1, 1877, to Sept II, 1873, II
1904, 1885, aggregate dividends paid since tn,
organization of the system, $13, ,767, ,5S7; tota
amount of the creditors claims proved, S22
72O,S2; total losses to creditors of all Nation
al Banks during the last sixteen years upon
SSOO,OOO,OO of capital and $500, ,000,0 900 of de
posits is estimated not to exceed So, 500 900
Edward Mcpherson, Chief Of the Bureau OF
Engraving and Printing in the Treasury De
partment, resigned on the 18TH He has be-
come political editor of the Philadelphia Press
The Treasury Department has prepared a
statement showing the receipts and expenses
In each revenue district, and the number of
persons employed, for the year ending June
81, 1873. The following are the aggregates
shown by the statement: Total amount of
duties collected in coin, S12S, SOS, ,764; aggre-
gate receipts from all sources in coin and cur
rency, Sl32,024, 400; total cost OF collection
throughout the United States, $685., ,1S7 ;
total number of persons employed, 1855
average percentage of cost of collection,
A LILO per cent. The cost of collecting reve-
nue. during 1877 was s6,256,6l4 the cost of
collecting revenue in 1878 was $5,525, ,797,
showing saving in 1878 of $3.50, ,S26.
In reply to an inquiry, on the 10Th, whether
any change was contemplated In the conduct
of the campaign based on the election in
Maine, Mr. Eugene Hale, Chairman of the
I
that he knew there had been a good deal Of
talk recently about change Of base by the
Republican party on financial issues, but there
is nothing in it, The old programme will be
followed out. He declared that the Commit
tee would not counsel the support of Green
back candidates in districts where they could
beat the Democratic nominee by so doing.
Thedaily issue of silver dollars has been
about $1,000 since the recent order of Secre-
tary Sherman, revoking the order for the gen
eral issue of silver dollars for greenbacks,
went into effect.
On the 2lst the Treasury held S349, ,6l3, $50
in United States bonds to secure National
Bank circulation and $l3, ,75S, 400 in bonds to
secure public deposits, S5,373, 100 to secure
subscription to the per cent. loans. United
States bonds deposited for circulation, 81, ,402-
400; United States bonds held for circulation
withdrawn during the week ending on
the 2lst, $1,944, 600; National Bank circu-
lation outstanding-cuTencyn notes, 1921, ,S1S,
$50; gold notes, 81, 49,, $50; internal revenue,
s409,254; customs, 332,9l9; National Bank
notes received for redemption during the week
compared with the corresponding period last
year, 1877, 1883, 900; 1873, SO, 10000.
There was considerable excitement at Wash
ington on the 2lst over the movements of one
Cohen, pretended labor reformer who at
tempted to create strike among the labor
ing men. He gathered about 100 idle negroes
and started on general tour of the city, Wis
iting workshops and brick yards The mob
was finally increased to about 400 by acces-
sions from the places visited and thus rein.
forced began a march through the streets,
yelling and hooting vigorously until reaching
Seventh and streets, where the police
charged them. There was a short struggle,
but the police triumphed and the mob fled
Cohen sneaked off to his headquarters in New
Jersey avenue. The police have been armed
with POO army breech-loading revolyers, and
1t Is believed they are equal to any emergency.
The Comptroller OF Currency has compiled
dividend reports Of National Banks for six
months ending March !, 1878, from which 1t
appears the banks charged of losses during
that time amounting to S1O,9O3,1 145 OF this
amount sl,913,757 consisted OF premiums on
United States bonds held for circulation which
deprecated in value below cost price to banks.
The losses charged off by the National Banks
during the year ending Sept. /, 1876, were
$l9, 19OG26, and for the year ending Sept. l,
1877, 9,933, ,5S7, making the total more than
$5o,5OO,OOO of losses charged off during the
past two and one-half years. The ratio of.
earnings Of National Banks to capital and
surplus for the year 1877 was 562 per cent,
and it is estimated that the ratio for the year
1873 will not be greater than the ratio for the
preceding year.