New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-11-28
COINAGE AND CURRENCY.

AN ABSTRACT OF THE ANNUAL REPORT OF TN,
UNITED STATES TREAsURER-sILvER CoIy AKIN
CERTIFICATES COLLECTING IN THE TREASURY
BANK TAXES. ETC.
WASHINGTON, Nov. 27.-The annual report
OF United States Treasurer Gil6llan shows that Tia
total resources Of the Treasury in coin and currency AN
September 80. 1876. were $1Ss,02i.472 SO; on tina
date In 1877 $243 ISL Ill 25, and In 1873 1897
424964 IA The Treasurer says that the coin resources
OF the Treasury have steadily increased from S675se
7O5 95 in 1876 10 $l335s5,O72 "a in 1877, and "a
1928 OO7 54 50 in 1873 There has been little chang,
in the currency assets except that they larger
1877 account OF the failure Of the Military Appro
priatOn bill. The total amount OF the unayaiabls
moneys carried III the balances OF the accounts kept in
the Treasurers Office s. 642 81 less in 1878 than
IN 1877.
the Act OF Congress OF February %. 1873 REQUIRED
the coinage OF SILVER dollars Of the weight 4l2a Grain,
Troy, of standard silver Tho rst coins under the act
received in March 1875 agd were EXCHANGED with
the public for gold c0in Tue amount 10 exchanged was
81, 042, 027 The total amount OF standard silver dol
lars coined under the above act, to date, $l6 2S2
Of which there Is in the mints aud offices Sl3.359S77
and in circulation, 81, 922.623. There demand for
these coins in many portions OF the country, where
from the locality it is possible that they desired
for any other purposes than for circulation in exchange
for paper currency. At present however they
only TO depository banks and the offers OF the Treas
ury, and used in payment for silver bullion and in
payment express companies for the transport alton Of
the coin. The largest payments Of silver dollars have
been made New-YOrk and San Francisco. The coins
issued az those points Immediately nd their way back
TO the Treasury vaults either receipts from customs
deposits account Of silver certificates or IN pay
ment Of subscriptions to the per cent loan.
The thirl section IF the above mentioned author
lied the OF silver certificates VIII ch upon the
passage the act prepared for sSue in denominations
49, NH
is SIS 575730: at WASHINGTON, S461 $3.50; at Nrw-York
S34G.0OO and az San Francisco S7763,400. There ID
in circulation only SI5773sO, the remainder having
been paid into the Treasury through the Custom
Houses and not ressued. The certificates issued al
San Francisco found their at once TO the NewYors
Custom House. TheIe is no demand for silver certif
Gates in exchange for silver except at points where
silver bullion is purchased by the Department to be paid
for in standard silver dollars The offices at Boston,
Philadelphia Chicago and Cincinnati have been supplied
with certificates the Washington Office for issue al
those points.
since April 49, 1876 there has been issued OF fraction
al silver coin s39.72s, 1865. Though tie coinage has
been suspended temporarily, there 10 stll demand,
which is supp lied from the stock hand in t1is oe
aud 10 the mnts which together with that in other OH
ces amounts at this time to s6O6796o 49, The amount
paid since June 80, 1877 date Is S6.542s93 The
amount Of fractional silver paid the ral Offices
the Treasury April Is. 1876, TO October 81 1873
amounted to $50 72S,lG6.
The operations OF the National Bank Redemption
Agency for the fiscal year again snow an increased
amount OF work performed at a reduced expense. Toe
number Of National bank notes reedemrd, assorted and
CHARGED to thr tanks OF issue was 22,927s an IN.
crease the number Assorted In the pre-
ceding fiscal year. The expenses Of assortment under
which head included all the expenses Of redemption
with the exception OF the charges for transyortauon,
decreased from SlG7704 % TO Sl44j2l 50. The out
standing circulation OF the National banks at o ne
close OF fiscal year was S3A,5l42e4
The cost Of redemption, when computed upon TINS
amount was considerably less than TO OF per cent or
less than 800 per for bank $4,000 clrcnla
ton. When weighed against the ADVANTAGES flowing
from prompt aud efeclual system OF redemption, this
expense Is scarcely worthy oi consideration.
Under Section SPA Of the Revised Statutes there has
been assessed and collected By the Treasurer from Ma
ona banks since 1864 AZ an expense OF not more than
Ito OF per cent SS6045771 IL as follows on eircua.
tOn, 500 777.s79 II deposits, S4O3323il AZ, anu
on capital, IS, 935 $50 81.
In concluding his report, Mr. Ginlan speaks In COM
pmentary of his subOrdnates and says that Win
very exceptions, they have performed Their duties
faithfully