New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-11-25
GOVERNMENT FINANCES.
TUE STATE OF THE CURRENCY.


sumption is hot yet completed, but will be ready LOT
publication in the course OF n few days.
The amount OF National bank and lega-tender notes
outstanding on November 1, 1850. was s6ss7i44o' Oh
which the bank amounted TO 3i2 iol ana tue
legstenders TO s346.6s1.O16.
The aggregate amount OF both kinds OF notes IN 1879
was T6Si.S15J20, and III 1873. SG66333l31.
The law provides that after specie payments are re-
sumed National banks shall not be furnished with notes
OF less denomination than So, and In accordance WIN
provision, small notes OF the National banks
ga 219,O25) since the date Of resumption while me
leg 'i-t"u notes ~ the same denoml ons nay oee
increased SO i9l 5s4 The total amount OF these us-
II m'nai'ns onih kinds outstanding on NO'einoer l.
In' aiionn 81 circulation Of the Bank Of France on
Januar, 30. 1879. $45S, lg4 16G showing an IN
ctcasc tween that tine aud January ~ 1851 oI
$6.lOO7O7. The Imperial Bank OF Germany ISSUES no
al lea, denomination than - 90. ana the Bank OF
France ssIs only dnOut - OO0OOO ~ nolSs OF css
DENOMINATION than 90 In" Bank o. I-nE M I,,, anI
ntcs eel tnan SO ANA tine Banks oil Ireland anu
this country demon natiOns oi 50 and under was
S21i3@6 S35 on November l. 1880. In tue ioreign
OF the lower deDomna ions enters into genera clre
ton. It VIII be impossible to keep IN circulation ahy
large amount OF s al gOId COINS or slVef dollar ucsS
the c0nas Of the after Is rest and the small notes
lie tai amount Of United States bonds held as
security Noes on the LIST DAY OF th
tofa stuonnt o bonds Il. Id for tins purpose was
S27625O,550 OF which cl99397 $50 werc III SIX per
| cruis 4nd e76. So. 500 m hve per cents.
On DC oDcf l. 1870 tn banks held S246.S9l 800 OF
PEI cents 95 9l2.jj0 Of five per ccuts since
! that time there been 10 November l. 1879 "a
dccre-so Of tlS52ll 800 IN six per cent bonds ana au
iHcr ase or SOL, l37 200 N five p. cents. , ,
III BANKS mold S36.9SS93O OF 4i2 per cehts'
wish have ben depo.ted s.nce sept , r. 1,
! az ~ 81 since july l. 1871 Durlng tno "a "a,
Sl9243JOO ~ per cents iav "een whdrdNh, enieng
Tor p.rpoe of realizing tae large Or muns on tsese
DOnus ani ~ $1,000 oI per chts ueloSe,' VIM" hJd
WI mature N It Jew montGs The 0anas SUI holu
5000 81 cent $50 boDds, aud So269oO Oh per
also bOl Sl46.552S50 OF the - OF 1851 when are re-
dermaOle Oh lst next hay. ana 2O46OoO o. Us VI
ISL yable on the ~ day OF Janu-ly n anu
SJO,432.IJ0 o 81 OF 1881, winch are leGeemaole Oh
The ~ Ing Is the amount Of the unrnature1 inter-
tst bearing of tbs United States outstand-
S2l7 coo j5O ucr cent oonds. 800 COL 900 4ls per
cent .u s25u.01O,OOO per cen Douus,o13o34I'soV
TnE BONDS HELD BY BANKS
Since the year sos the National banks have held on
average OF more oneifth, and now nearly one
fourth OF the Understanding debt OF the United States
Ire following table which exhibits the amounts Hnd
ella ses II Uned II ties bonds owned by tie banks. in
Guiding pledged security for circulation aud Tor
puoe dc losi tue first day Of July, 1868 aud upon
November l Of tie present year
Unned ~trs bonds held sccurty for circulation.
Ju 1. ls6s-G per ceut bon s-sl7O.3s25OOi hve
pei cont bonus, 76j.57j6O0; Tour ana hai per cent
... DO g mo -FOUR per cent Oond' none lO'"i
Uaite aes bonds held other purposes at nearest
GA. e. SI55.7S5.7j0 Grand total, S3el. ga 500 No
per- cent aon sl7O7975O fou, and h.i l-r cent cent
Ia, 1850 $50 United slaIcs bon.. hclJ or
,rb-r IN ,,e- AL nearest date s43 $40 400. Grand
INVESTMENTS BY STATE AND SAVINGS BANKS.
The amount OF United states bonas held by stae and
sayngs banks be accurately ceraiucd for the
reason tt banks In seventeen o the Different states 90
not make reports OF their CONDITION 20 ete authorities
From -uch reports have been received il is found that
/ the state banks aud trust companies and saw
inss banks held the following amount of United
satc- bonds at different dat during me year 1850
sa e. nau~. III TWEEN srats - AZ 532; uust conpa-
/ teen II It, Sls7 Al 3. 30; .otal. 1913 G6j4O2
The COMM slru,r oi interlai Revenue rceiyed re
ports from a banks orga ized unu,r SAFE ""s. ana
also reo,rts private bankers giving the ayeruee
capita and deposits and tn am2In, Ot sucn capital Ia
cspr.1 Invested in Uqitc1 States bonds for tue STA
mouths ending May 81. lseO. is as ioii"N7;
cw.Eagapd states - 737o95 Mode sta es 500
J5i s3f: Southern Ste,e. s254l9Jl; western st,t,
eS13IJ5l; i cine states ana 4cFftores' @J'9S''9Io
! Um,,d s. airs 80 sG5.25S
ICY saving btl.-: W-ineanc states. 80 G93'.uo I;
Middle afr- Sli6 3)llj5; southern 20 tcs. 4lOdO
W.-,er sat -. ~ IA 5j7 Pic4ic oiL."S mi lem
trr.r-, - 7l19pl; United states = -9iea,Sib. -,
! Tom: s.L gt.l staoes e4l4JO293; Middle
81 les. -I56 SIS go; sou h-rn st"e-, 7-542o9l ;
West ru es. -lUGl2lll; Pdchc 30 -te0 tnd lerli-
I tor.cs, 20 OJl.72o; Unncd states s22s.O5JIO4
/ r .da- National bank i1.aic- 'Ae Controller
$50, zee BANK, nave ai Ell during tuc year rndra
November l. 1850 and have been p-crd IN the hands
! Of receivers.
TIE SPECIE HELD By BANKS
The amount of god anl silver coin ncli by the Ma
The lm unt OF silver com held BY tie Ma
tion,l banks on October .. 1879, Va,
/ sigs6.493. and on October l, 1850, S649547-,
| Including S11G5I2O silver Treasury certificate s.
The drectors Mint estimate that from IN close
OF the fiscal yelr November leie ne 9cen added o
thc coin Si649L525 o. gold. and 99.63O9fO @ silver,
! making ne 90 pi com IN ibe county a me ltter
date 1927 I79. consisting OF 500 4J3,2i9 OF gold
com ana Sl52,227060 81 siver com
TIE an. nj q bullion III the MINIS ana New YORK
81 55ssl1 Of cold aud S6.0i3.367 Of diver. making
IN %, 5Si 6O2 rs which. added 90 TIC e'tmatcd amount
of com sacd a'ovc gives as thr lullt A't dinouI
o! con- and bullion IN ne q1 G 26 3n NoVsTPel Il
amount Of gold and silver ana per of each
Md by fhc United states Treasury september 30 oi
each wear from 1876 60 1850 asd on November l. $50,
i, SHOWN by ne ouo% ng: Jota com aud bullion
1i63 500 444 1879 S169. s2757I 1850. STA 3O445O;
Noyemoer l, 1850 s2ls,4s3,2G9 ,,,
ber lssO was S14 637 900 ana IN tine Bank Of France
Nod was az ana ii ve1 3. These statistics show
large reduction during the last TWO years IN the amount
Of outstanding circulation of banks when have ceased
~ do business ana indicate that the ana loss tie
uUies VI National banks Will not exceed OF Ia per
through the courtesy of the state officers Of
banks. savings banks ana trlst ana Odn cOinpailesi
operating under state laws have durng the past year
been received from nineteen states. The laws OF
! twentv-seven states and Territories, included Ia
which Illinois, NEBRASKA. Datpta, oregon
virginia Tennessee and other Southern states
do nr renuire periodical returns Of the condition OF The
different classes Of banks organz under theso laws "a
be made any stale oiicia me re- urns receive
|
rusf companies and 629 savings bdnAs From those re-
-, n ai'nrars that the resources OF the 6jS state
hants amount 10 S451,77415O The capital stock
amounts to S1O93ls.451, and the deposits to s299'
these statistics prepared from returns from five
Nv gland states not including Maine, which has
an Y one state bank IN operation from four Middle
STATES not including Delaware auu from the western
states with the exception OF Illinois. Kansas anl
Nebraska The only Southern states represented
tbeYen are Louisiana, Texas and Kentucky. The oulj
, Pacific state il California. There ! only one STATE
| hamE m New Hampshire, nve In vermont none II
Ma.sachnsets There however i've trust aud lOa,
camuaues ia Jue latter state, ana ten IN Connecticut
SAVINGS BANK RETURNS.
Regarding savings banks table exhibits the aggre
cate resources and liabilities OF those savings banks o
, | the United States returns made 10 Stat
ou,bo,ies have obtained by the Controller TIT