The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1878-11-06
GENERAL TELEGRAMS.
CONDITION OF THE TREASURY.
Secretary Sherman's Views as 10 the
outlook for Resumption.

has written the following letter In regard to
the condition of the treasury for specie re-
sumption, etc:
TREASURY DEPARTMENT, }
OFFICE OF THE SECRETARY,
WASHINGTON, ID. c., Oct. 81.
To j. Leroy II. Dodd, Buchanan, Mich:
SIR am in receipt of your letter of the 10Th
inst. making certain inquiries as to the condl-
ton of the treasury for resumption and the
amount OF paper circulation per capita In this
country and the principal countries OF Europe.
LIST inst. the coin balance of the treasury was
sl32, $50 ,64S. The entire amount, however, was
not available for resumption purposes. but
and unpaid, sg, rs; debt, on which interest
has ceased, si2 5si 500 inaeTest there on, sSIS-
e HS,a +, sSsr IN ssd COIN 3n
terest, s9,J47; unmatured bonds called
for resumption, 81, 10000; total, $685.
si3I, s3i ,so5. The coin receipts into the treas,
ury will probably exceed by q considerable
amount the coin payments between now and
January, 1879, so that at least the above bal
ance will then be available for resumption
purpo es. IL should also ne borne In mind
that meanwhile there is no probability Of the
entire coin liabilities being presented for pay
ment. AS to the circulation of European
countries this department has not informa-
ton except what can be obtained from publ
cations open to all. The London Economist OF
September IA, 1878, the latest at hand, states
the amount of paper circulation Of banks In
the united Kingdom, less the amount retained
by the banking department of the Bank of
England, to be e q, 965 g7i, and the circulation
of the Bank of France, which alone in France
has authority to issue notes, to be
on September S, sg4.7l0,00o, and that
the Imperial Bank of Germany on Septem-
that some country banks of Germany have
authority under certain restrictions to issue
notes, but as the amount issued is not stated
in financial publications IL is believed TO be
incUnsiderable. Reducing these amounts TO
the currency of this country per capita of tie
circulation appears TO be as follows:
Country. Circu'n. Populat'n. Latest Estimed
France, $3.50 10000 36,sO5,7Ss sl2 IS
Ki'g dom 2lase5.OOo 3S.474.Ooo SO
Germ'ny liS,Olb,OO i2,7H,56o 3 IS
United
States -. s,5G,75 100000 H65
1t will be seen that the aggregate as well as
per capita amount OF the paper circulation Is
larger in this country than In any of the other
countries named, and larger In excess than
any except that of France. In that country,
however. the circulation has been reduced TO
the amount above stated since November, 1873,
from s602 100000, reduction of slil ,esS, 900,
while in the same period the metallic reserve
OF the bank has increased from sl46,00o,ee0 to
''''' '''''''' join saERsAN, Secretary.
THANKSGIVING DAY.
The president has issued the following
proclamation, setting apart Thursday, No
yember %, as day of thanksgiving:
BY THE PRESIDENT OF THE UNITED srATEs-A
The recurrence of that season at which il is
the habit OF our people to make deYout and
public confession of their constant depend
ence upon divine favor for all the good gifts of
life, OF happiness ana OF public peace and
prosperity, exhibits In the record OF the year
abundant reasons for ourgratitude and thanks.
giving ,Exuberant harvests, produc i've mines,
ample crops of stspies oI made and manufac-
lures have enriched the county. The re-
sources thus furnished to our revivlng indus
try and expanding commerce, and Fastening
the day when discords and distreSseS through
the length and breadth of the land will, under
the continued favor OF Provide nee, have given
way TO confidence and energy and assured
prosperity. Peace with all nations has re-
manned unbroken. Domestic tranquility has
prevailed, and the institution OF liberty and
Justice which the wisdom and virtue of our
fathers established remain the glory and de-
fence of their children. The general preva-
lence Of the blessings OF health through our
wide land has made more conspicuous the suf-
ferings and sorrows which the dark shadow of
OF our people. This heavy afffiction,
t to the ' Suffering " COMMUNITIES, in
the universal sympathy and succor which
have flowed TO their relief, and the whole ma
people by which they cheerfully share one
another's burdens. Now, there fore, 1, Ruther-
ford b, Hayes, president OF the United States,
do appoint Thursday, the 18th day OF Novem-
Der next, as day Of national thanksgiving
and prayer, and / earnestly recommend thst,
withdrawing themselves nom secular cares
and labors, the people OF the United States do
meet together on that day in their respective
places of worship, there TO give thanks and
praise TO Almighty God Tor HIS mercies, and
In witness whereof, have hereunto set my
hand and caused the seal Of the United States
this thirtieth day of October. in the year of
our Lord one thousand eight hundred and
seventy-eight, and the independence OF the
United states the one hRnars1 ana p anlra.
By WV. EvARrs, Secretary Of State.