New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-10-06

mainly from deposits OF Soiu iinp'i''" 'i'''
abroad. has been only in part noutralHsd ny q
decrease in legal-tendcrs paid out Tor uie
specie thus delivered at the Assay Oiiice, ana
the supply of silver certificates on hand mas
also been increased by receipts, doubties'
for duties, exceeding tho issue Of such certin-
Gates by more than $1,000,OOO. IA before
the Urea sury flnds it impossible TO Keep me
silver certificates in circulation. however great
NAV be the demand for United States notes.
The certificates are not taken in place OF the
notes and do not fill their place IN any ue-
gree. whatever theorists may desire or expect
As to the silver dollars, the Treasury mas peeh
able to get into circulation, at least Tor tine
moment, about half of the coinage iOr the
month. but it remains 20 be seen whether the
dollars which have been paid out at distant
points will not soon find their way back 10
the Treasury.
In the main, then, the Treasury is stronger
on account of the months operations by the
,eceipt of dos. goo. 900 in gold. and the banks
and the money market are the stronger by
the addition to the circulation OF T22'ooo'oVV
OF notes which represent actual GOA com on
depos.t The business of tho Treasury VIZ"
the banks has been reduced to modest dimeh-
s;ons; the deposits held by the National
bank Gepositories have been reduced during
the month from $50, 991,267 to SlI3lI,2Z7.
The amount OF outstanding called bonds ANA
interest thereon, which WAS S42,9974lS on
the 1st of September, has been reduced to
S31 .O33 800, but is really smaller, no Doubt
except in technical sense, because bonds III
course of transmission from abroad here up
pear as Outst inding though they have really
been redeemed. The reiundIng certificates
outstanding have been reduced S7O7 800 dur
ing the mouth, and it Is probable that the
greater part Of those still outstanding
$3, 6SS, 900 in amOunt-were taken and are
still retained by small holders.
According to the debt statements, the
cash balance available has Increased
from $142,439,G7s ~ August so to
about $1,OO0.000 less than the net
increase in reserve on hand, as above
stated. But $3.527,1G1 of the increase
III reserve has been in silver certificates and
dollars and in fractional silver, which must be
regarded as practically unavailable. Tine fact
that the gold portion Of the reserve has never
thelcss increased more than the charges against
il, in spite Of this accumulation OF silver and
silver notes. is encouraging, and it Is due to
the ability OF the country to draw from for
cign reserves in time of need. The decrease
in the debt. less cash IN the Treasury, as 1t
happens, is about the same rs the increase IN
gold reserve not covered by charges against
it, and $3,527,39 90 is a very satisfactory
reduction for the month, especially as 1t Is III
a large degree due to the marked expansion
Of the revenue consequent upon the improve
ment of business.
In the principal of the debt bearing interest
there has, of course, been little change, and
the reduction in amount of called bonds un-
redeemed has beer smaller than was expected
though in part because the bonds in trans
mission do not yet appear rs redeemed. The
amount of t6n-forties redeemed during the
month has been only $7,659,G 600, and the
amount of cOnsos of 1865 only $1,000, 800
4 considerable part of the called bonds out
standing is still held 10y banks, which neg
lected to get new bonds when they were sell
ing at par or lower and have not yet found
opportunity to repair the omission.