The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1880-07-09
COMMERCE AND INDUSTRY.

Augur takes his place as presiding officer.
COMMERCE AND INDUSTRY.
THE army-worm has made its appear
ance in Orange County, N. Y.
THE gross receipts from internal rev.
enue for the fiscal year ended on June 30,
1880, was in round numbers $123, COX, 600, an
increase of $40 OO0, 600 over those of last year.
THE public debt statement issued July
shows decrease for the month of June of
$10,214, 424, which includes S, 375 1874 of frac
tional currency, estimated to be lost or de-
stroyed and applied to payment of arrears of
pensions, as per act of June 81, 1879. Cash
in Treasury, 1901, 1SS ,622; gold certificates,
5000 600; silver certificates, ST., 30, 2O; GER
tificates of deposit outstanding, S2 ,465 600;
reflnding certificates, 81, 81, 900; legal ten
ders outstanding, $346, 6S1 ,O16; fractional
currency outstanding, 81, 81, 94.
FOLLOWING is statement of the OPP
erations of the National Bank Redemption
Agency for the fiscal year ended June 80:
National bank notes disposed of-notes for
circulation assorted and returned to banks
of issue, $A $50 500; notes unfit for circula-
ton assorted and delivered to the Comptrol-
Ter of the Currency for destruction and re-
placement with new notes, SO, S41 200; notes
of failed, liquidating and reducing banks
deposited in the Treasury, Sc, 100000. Total,
$61 ,343, 900. Total for 1879, $16O, 1893 $50; de-
crease, 1885, $50.
THE Comptroller of the Currency re-
ports the total number of national banks or
ganized during the fiscal year at 81, with a
capital of s., $50 ,070; total number of banks
which have gone into voluntary liquidation
in the same period, 20, with capital of ST.
6O1, 600, included among which are three
gold banks in California, with a capital of
100000, which went into voluntary liquida-
ton and organized as currency banks. No
national banks failed from July %, 1879, I'M
til June 8, 1880, since which time three
all of which, it is believed, will pay creditors
in full.
THE closing of accounts of disburse-
ments Of the Navy Department for the fiscar
year shows that the expenditures for that
period have been $426,S7S less than for the
previous year, and that there is on hand
June 30, 1850, an uneXpended balance of
$2,461, 1sS of the amount available for the
year, exclusive of balances in the hands of
pay officers of the Navy.
The Postmaster-G General has COM
pleted negotiations with the New York Cen
trail and Hudson River and Lake Shore and
Michigan Southern Railroads whereby bene-
fits derived from fast mail in operation on
those roads in 1875 and 1876 will be again
given to almost the whole territory of the
West. The arrangement went into effect
Monday, July 5.
THE President of the Mississippi River
Commission has informed the Secretary of
War that q meeting will be held shortly to
determine upon plans for the examination
Of the river above Cairo, in hopes Of submit
ting report covering this portion of the
great undertaking which Congress has in
trusted to them. 1t is stated that the differ.
ent physical conditions of that portion of
the stream will necessitate, in many re-
spects, different treatment, though where |
the reaches of the river from |
Cairo to Sc. Louis and thence northward |
course through alluvial sections, the plan of |
concentration as proposed for the lower river |
will doubtless be recommended. At points |
where reefs intercept the channel and clay |
constitute the banks and bed Of |
the stream, blasting and excavation will be
required in order to make these portions of
the channel conform to the proposed
average depth of the alluvial Sec
tons. The Commission reports that |
that portion Of the stream to be |
now presents MANY obstacles to