New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-04

the Treasury again with certainty and rapidlty'
r. will be observed that the amount OF this
useless coin in the Treasury has increased
about 100000 during the month OF June,
and the amount coined each month Is about
81, OO0, 900. In fifteen months, since the com
age of standard dollars began, the amount
turned out at the minimum OF S2,OOO,OOo
per month would have been S3O,OOO,OOO, ana
the amount now lodged and lying idle in the
Treasury is S2S,147,351. The minimum OF
coinage has not been greatly exceeded, ana IL
is fortunate that it has not, for the unayall-
able accumulation in the Treas ury would only
have been greater had the coinage been more
randi. Every effort has been made in perfect
good faith TO put the new dollars into circula-
ton. The fact that the country will not have
them on any terms, and Immediately emptIes
into the Treasury all the silver dollars paid
out, is proof that the continuance of the COIN
age is a wantOn waste of the public funds.
In other respects, the debt and other state
ments issued by the Treasury this month
have less than usual interest. 1t is not worth
while to scrutinize closely the progress OF eX-
change Of old bonds for new, since all know
that the important calls mature about Two
weeks hence and that large deliveries OF
bonds have been made in advance OF those
calls. Ii appears that the amount OF four per
cent certificates outstanding july was
SI2SIS.2lO. against 1913 1913, $50 outstand-
inc June /, and about S40OOO,O0O Issued IN
all. so that about $27 100000 must nave
been exchanged for four per cent bonds al
ready. Ii is "A matter of some surprise that
so large an amount rs $12, 500, GOO Of these
certificates still remains outstanding and un-
redeemed and it indicates that an uneNpect-
cdly large proportion Of them went into the
hands of permanent investors of the smaller
class. The increase in the amount of four per
cent bonds issued during the month has been
only about 10000, 900, but there has been a
decrease of $65, 100000 in the amount OF
called bonds not matured for which fOurs
have been issued and decrease of SlS,OOo,-
900 in the amount Of called bonds on which
interest has ceased. Meanwhile, the amount
Of six and five per cent bonds outstanding
and bearing interest has decreased about
$50. OOO. 600. These figures illustrate the
difficulty of tracing with any detail the pro-
grcss Of the great exchange now approaching
completion. and it will not be possible to OBJ
tain from the debt statements a complete idea
of the condition of the Treasury until the re-
demptions of this month have been made.
The statement of August 1 will be one OF pc
cullar interest aud importance.
During the month there has been an in
crease OF $3.57j, 900 in the amount Of legal
tender certificates outstanding, while the
amount of coin certificates outstanding has
not materially changed. Although the debt
less cash has been diminished only S24,-
7SS IS during the month"; the amount Of cash
in the Treasury available for redemption OF
Icgal-tcndcr notes has increased from Tll5,-
331, 957 56 to $11S,473,563 20. The in
debtedness of the depository banks to the
Treasury amounts TO SOL, 4O2, 800 81, but
this consists mainly III bonds deposited 10
cover called bonds not yet delivered for re-
demption. and the care taken by the Secre-
tary of the Ire lsury TO encourage payments
in advance will doubtless prevent, as it has
thus far, any Inconvenience arising mt the
time of settlements. Probably 1t Will appear
that a large amount of called bonds on which
interest has ceased viii still be outstanding
August, bat the demands for new bonds from
the holders OF called five per cents have re-
Gently become frequent and large.