The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-11-19

Tho decrease of notes in the Treasury continues.
however. and will keep on until the nmttasaon OF
cessation of the present silver dollar coinage The
silver bullion on hand has also decreased during the
year from So 634 s. 299 l24 account OF the
act of February 49, 1873 at the market rate. which
is held by the Department to be the equivalent OF
The ten million fund In United States notes held
appeared from the assets under the provisions Of
pensions to soldiers in the war Of the rebellion.
No public money In the Treasury has become un-
available since is7 on the contrary BY collections
been reduced more than $685. 1t is contemplated
at the proper time to submit for reference to Con-
transfer of all unavailable items to the books OF the
department from the cash accounts OF the
properly chargeable Herewith
RESUMPTION AND RRFUNDING.
After reviewing the resumption Of specie payments
at some length Mr. Giallan says that since the order
Of the Secretary of the Treasury authorizing the
receipt OF United States notes for customs
TO aa been
tender notes at his office and the various sub-treas
ures S92 1877 .92. statement OF the assets and
liabilities of the government October 81 1879. shows
the following aggregates ,.af
Assets. OBSERVATION-DISCLOSURES. $274S6I. o7l
Aisoties.. i~ooSooSo
Amount available tor resumption $751; .047 04A
Much space Is devoted to the refundng operations.
the orders issued by the Secretary In connection
herewith being embodied in detail. During the
month Of September. after the refunding was over,
the amount Of deposits in the Treasury on bond
count increased to average daily balance of
$40. Ill., 743. caused by the falling OF the receipts
OF called bonds for redemption and by the drafts
made necessary in closing the depostsry accounts.
Under the act Of February &c. 1879. authorizing
the issue in exchange for lawful money of certif-
Gates of the denomination of ten dollars bearing four
per cent annual interest convertible At any time into
four per cent bonds there sold in the District
Of Columbia and in the several States and Terri
tories an amount aggregating $4,000. $50. The
largest sale by the depository at New York city.
amounting to 49, 229 $780, and the smallest $40. at
the depostary at Sprngdale. Pa. The largest daily
sale was on May "a. amounting to S3.340.S60. The
amount of these cerrAcstes now outstanding is but
~. 863. 800
SILVER DoLLAns-rHE SILVER PRoBL1N.
The total coinage OF standard silver dollars under
the act OF February 49, 1875 is 200 of which
amount $50 203.S58 is in the minis aud Treasury
Offices and SIS 002 842 is in circulation. being 28Z
per cent Of the total coinage. against in
circulation at tho same date last year. which was
26 910 per cent Of SIS 500 coined at that time.
Mr. Gilfllan expresses 1t rs his opinion that tho
rapid appreciation Of silver bids fair to solve the
silver problem for this country. He says there
Indications. IL the present influences continue. that
it may attain nearly to its former relation to god
at least approach to parity herewith. The total
amount of semi-annual duty which has been col
lected by the Treasurers Office from national banks
for the fiscal years 1864 1879 on circulation. de-
posts and capital is $92 969. 500.