The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-11-25

The aggregate amount OF both kinds ol
notes In 1879 was 1881 ,Sl5 $50, and in 1878
S666 3S3. 3.l3z. The. law provides that after
specie paymentB are resumed the National
banks shaIl not be furnished with less de.
nominations than FIVE dollars, and in &C.
cordapce with this provision no notes oi
the; den omination OF one dollar and two
dollars have been issued since the first day
foE January, 1870. The amount OF ones
outstanding that day, s., ,793,Sl7; Of twos,
8, ,924, $50; total, S7,7lS,747 Since that
date ones have been reduced to s., sol ,355
and twos 81, III, $40, making, o total rednc-
ltion ot smaIl bank, ,notes of 81, l9,025. i y
The amount Of legal tender notes OF the
denomination Of one dollar outstanding Of
that date. was so 257,lo9 and iof twos
$50, ,0S5, SIS; total, s40, ,292 .6S4, and the in
crease since that date to- NoYenber l.,
1880, has'been S., ,i91 ,5a. Thus 1t will be
seen that while the small notes Of the
National Bank have been reduced more
than four millions (S4, ,el9, OBS, in compli-
ance with the Law, since, the date OF re-
sumption, the legal tender notes OF the
same denomination have been increased
81, ,4g1, ,5S4. The total amount OF these de.
nominations OF both kinds outstanding
November l, 1880, is s47,2sS.940 Total
increase during the year, s., ,S65, ,575. The
decrease during the year previous was
S, 649,451. -. -ss~,. ...as,. A.
Il Oh. the entire amount OF national and
legal tender notes now outstanding, nearly
| 4 per cent consists in one and two dollar
notes; more than 81 per cent OF ones, twos
and fiYes, and more than So per, cent ID in
notea Of less denomination than $90s and
so per cent is in notes OF lower denomina-
ton than $50. II the entlre issue about 20
per cent Is in the denominations OF $50
aud nd,upwards,. TheRmountin circulation
oftbe Baiik 81 France January 30, 1879,
was Si5s, ~, lB6. allowing an increase be.
tween that time ard January 2e:h, Of
50, o,707.
The Imperial Bank OF Germany issues
no notes OF less denomination than 81 so
and the Bank OF France issues but about
two million dollars in notes OF less de-
nomination than S. 90. The Bank Of En.
gland issues no notes less than S25 90, and
the Banks Of Ireland and Scotland none
less than S.. Thetamopnt Of circulation
| In this country in denominations oil s. 90
and under, was S2l4, see, ,S3s November 1st,
1880. Sg aN
IN the foreign countries named q large
amount OF silver and gold coin Of the lower
denominations enters into general circula'
tion. 1t will be impossible to keep in cir.
culRtion any large amount OF small gold
COINS or silver dollars unless the coinage
Of the latter is restricted, and small notes
withdrawn. The total amount OF United
States bonds, held as security for specula'
tion notes, on the 1st OF November, 1880,
was SS59, ,74s, $50. On October lst, 1855
the total amount OF bonds held for this
purpose was S276, $50, $50 Of whichSl99 .s97, ;,
$50 was In six per cents, and $40, ,SS2, soc
/ In Ave per cents. On October LIST seventy
banks held S246 s9l, 800 in six per cents
and sos ,942, $50 in Ave per cents. Since
that time there has been TO November l,
iS7e. a decrease OF S1s5, al $50 intsix pc,
cent bonds, and an increase Of S5l, ,l37, ,20C
| In Ave per cents. The banks now hold
$50 9sS $50 in four and q hall per cents
which have been deposited 'since Septem,
her i, 1879, and $ll9,0T5, 500 in four pei
centa. which has been deposited since July
During Ihe year 1925, 800 Of four per
cents have been Withdrawn, chiefly for the
purpose Of realizing the large premiums
on these bonds, and 81, $40, $50 Of five pei
cents deposited, which will mature In 9
few mcnths: The banks still hold $500
oi sfx per cant 8 90 bonds, and S526, 800 o.
ave per cent 040 bonds, upon which In.
tsrest has ceased. They also hold $i46,
$50 $50 Of 81 OF 'Sl, which sre redeemable
the lst Of next May, and $2,0i6. 600 6s oi
isl paysble the 1st OF January next, anc
SO. 4S2, ,l5O IS OF 'sl, which are redeemabl'
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