Evening star. [volume] (Washington, D.C.) 1854-1972, 1878-11-27

Anf,u., Escspor, Of the u. $. Trea.u :.

the total resources of the government-coin
ard currency-we'e Oh September 81, in 1S7t,
SIC: o24,4l 1898; in 1871, 2S,651, 1125 in ISIS,
s.,St ,424 96f. "a.
Tie coin resources have steadflv increased.
Ulder the prosecution OF the pOticy Of SpC :e re-
sulaptlOn from So $50. 40 - on the above date
in 1slt to sl3, ,5e5, - i'll 1871, and 10 S23 0o1,
81 - in 1878.
Thee has been little change in the lrreacy
assets, except that they Were larger in amount
on the above date IN 1877, on account OF th2
falinfe or tie appropriation for the military
staollsEmeht III tie second session of the t0;-
ty-f uIth Congress, which necessitatad the with
ho'diEg OF payments 10 that branch Of the SEP
wee until tie assembling Of the Forty-tiftn Con-
Ste1S in S!ectai session In October. ISL.
RETIREMENT OF LfCAI-TESDER NOTES.
AT the date CT tie passage Of the Resumption
reiiien eLt CT legal tender notes eluat TO eighty
per centum Of national bank notes issue l. tie
ottstandDg eg2l-iender3 amounted to $3S2e)0,
have been redeemed and destroyed notes
amounting to Ss5,91s,:Si. Ey the act of Con-
giess CT May 81. ISIS, forb!dding the further re-
1oiiner act ceased. The amount Of legal-ten-
Gers outstanding at that time amounted 70
s346 6fs! .ol6. at which volume they remain.
LEGAI-TENpER NOTES OUTSTANDING.
Tie retirement CT lega,-tendeg notes during
tie fiscal Year 1875 under The resumption acC
was Si3 3eso3l6. OF this amount. s3,3gJ,i23 was
iii one dollar notes, and 81, Us, SIS in twodOilar
notes. No attempt was made, in carrying ont the
above act, TO retire any particular GenOmina
tion Of notes.
RESERVE FUND.
80 maintain the outstanding iH tender note
circulation 2t It's present yOlutle, ti6. .iSl H!i:
While there are daily ledemptions. reserve of
United States notes is kept on hand at all times.
All the notes delivered TO this office daily Dy the
Bureau OF Engraving and Printing are de-
rCsted in this fUrd and charged to it at the
tlle OF deliy cry, and an amount equal 10 each
Gay S ieGemptlGnS or United States notes iSCach
DAY taken from the reserve fund and issued,
thuS keeping the volume outstanding at the
amount required 10y law.
This turd is Kept separate from al other
mo6ey in vault by Itself. on the 3Ist Of Ont0-
ttber it contained. in United States notes OF all
denominations, Fj3,i55.Gi5. complete and await
lnG issue. iAey are PIT up Ill pacaa geS Of lGg0
notes. and ale taken out when issuet. in
numerical order, in unbs0hen packages, as far as
possible.
STANDARD SILVER DOLLARS.
Ire act OF congress OF February 2S, 1873, re-
quiled the coinage CT silver dollars OF the weight
CT four hundred and twelve and a half grains
trey, Of standard silver. The first coins under
this act were received at this Office from the
mint N March. ISIS, and were EXCHANGED with
tie pubic fer gold coin: the amount SO eX-
changed at the mints and at this and other Of
fees vas 81 ,042.02I.
Tie total amount CT standard silver dollars
coined under the above act to date is SIS 2o2 5l1,
OF which amount there is in the mintS and
Offices s13,?59,s.! and in circulation sl.9226 623.
WheneVerif Is permissible to exchange these
coins for United States notes under the pro-
vision OF law which authorizes the payment CT
transportation charges thereon from the silver
profit fund, they can be distributed very rap
Idly. There Is demand for them in many pOr-
lions OF the country where, from the locality
ii is not possible that they are desired for any
other purpose than for circulation in exchange
for Paper currency.
Amount OF standard silver dollars sent to-
Dcfosltaiy banks. kS......................S3 S3015,995
otAef oallkS. Observation-Disclosures. 363, 900
SILVER CERTIFIC ATES.
The third section OF the act above mentioned
authorized the issue OF silver certificates. which
were, upon the passage Of the act prepared iJr
issue at this Office and at the Offices OF the as
SjStant ucaSureTS in New York and san Fran
cisco in denominations OF from ten dollars to
one thousand. Tie total amount issued TO date
is SS,5I5,tso. At Washington, St6l. $50; at New
1Oik, 5iGtU0: and at san Francisco, $I,I6S 400
REpENrTICN CT HATIoEAL BANK NOTES.
The operations Of the national bank redeInp-
t1On agency for the fiscal year again Show an
increased amount OF work performed at a re-
duced expense. The number OF national bank
notes redeemed assorted, and charged to the
banks OF issue was 22927, ,Si2, an Increase OF
1924 over the number assorted in the preced-
ing fiscal year. The expenses of assortment
under which head are included all OF the eX-
penses of redemption, with the exception of the
charges for transportation, on the other hand
decreased from S16I, ,Ic4.c5 to Sl4i, i,52. IS, dim
mutton OF S23 lS2. IL, or Eear,y II per cent
say ng was effected in every item OF expense as
compared with the preceding year.
The outstanding circulation of the national
banks at the close of the fiscal year was sS2t.-
5l4 2S4. The cost of redemption, when COM
puted upon this amount, was considerably less
than one-tenth of one per cent. or less than 500
rer annum for a bank of $50 900 circulation.
When weighed against the advantages flowing
from prompt and effectual system of redaalD-
non, this expense is scarcely worthy OF conSid-
Grafton.
Under the circular issued on the first OF Octo-
per last requiring the parties making the remit
tances to defray the charges on all national
bank notes forwarded for redemption, redeno-
ticns have been considerably reduced; but the
order has not been in force long enough TO war
rant conclusion concerning its permanent
operation.
PAYMENT OF REGISTERED INTEREST BY CHECK.
The number of interest checks, funded loan5
OF 1881 and 1891, the cOnSolS of 1897. and the
tElee-S1Xty-fiVe loan Of the District OF COlum-
bla. drawn during the year was greatly iii eX-
cess OF past years. numbering this year I2,55o
as against y ,o53 last year. The increase in the
business OF the Office and in the number of sig
natures required is very marked. The number
OF drafts and checks issued during the year, in
Guiding interest checks, was 160,I95
sINKING FUND OF TIRE DISTRICT OF COLUMBIA.
BY the seventh section OF the act OF Congress
OF June II, lStS, 1t was enacted: That the OH
CeS OF sinking-furd commissioners are hereby
abolished, and all duties and powers posse ssel
by said commissioners are transferred to and
shall be exercised by the Treasurer OF the
| nited Stat IS. who shall perform the same in
accordance with the provisions of existing law
Tie books. flies and funds in the possession
CT the commissioners were transferred to this
CllCt- GIIu ltle ONCE was removed
and MADE part OF this Office. This adds many
duties heretofore performed by four prominent
citizens OF the District, to those already de-
V0N Ned upon the Treasurer. A full statement of
the debt OF the District the provisions OF law
pertaining thereto. accompanied by such Sug-
SeStlcES as TO the requirements Of law as occur
to me, wiz be submitted toyou hereafter.
THE JOINT COMMITTEE Of the Senate and
House, which is charged with the consideration
of tie advisablity OF transferring the Indian
bureau to the War department, held short
session to- day in the rooms of the Indian COM
mlttee OF the Senate and subsequently ad-
lourned until Friday next. No witnesses were
examined to-day. On Friday the taking Of ad-
dlt1Onal testimony will commence with the
doors open to the representatives of the press
IL is expected that Gems. Sherman and Sheri-
dan Will testify, and Secretary SchuIZ and the
Commissioner OF Indian Affairs. The testi-
m0ny heretofore taken has been sent to the
printer, and VIII be distributed to the press
next Wednesday. The committee does not ex-
pect TO be ready to submit its report before the
lst OF February next.
iHE CASE CT SUPERVISING ARCHITECT HILL
This morning Deputy Marshal Stillwel of the
northern Illinois district, arrived here with
certified copy OF the indictment recently found
Dy the I. 5. district court at Chicago charging
y. q. Ill., supervising architect of the Treasury,
ana A. q. Mills, contractor and others with
conspiracy to defraud the government. He had
also warrants for the arrest OF MeSSrS. Hill and
cartier bencn warrants were issued, and Wer.
hal yrhn bor}