The People's vindicator. [volume] (Natchitoches, La.) 1874-1883, 1880-12-18
Totals. &:4. 06i1si &A6.xsl.0l8 e8sS.,44.48


notes OF the National Banks have been re-
daced more than four mi'!Ons ($i,:l9, G!5,, in
compliance with the law, since the date OF
resumption, the iegattender notes Of ire same
denominations have been increased $j,+3l, 5S4.
The total amount Of these denominations OF
both kinds outstanding November l, 1850,
Is $4.,..SiOiO. The total increase during the
year Is $5,:S5,5s5 The decrease during the
year previous was $3,649,45l. OF the entire
amount Of National Bank and leSal.tendcr
Totes now outstanding, nearly seven per cent.
COL sists of 81 and e notes, more than tn r.y'
one y, -r cent. Ut ones, twos and hves, and more
than III, weight per cent. is in notes Of loss
deromina lion than s3O. and eighty per cent.
IA in nOt> Q Of lower denOminali ion than $50.
OFT entire issue. about twenty per cent.
l. IA deuo,pi. atiOns Of 80 and upwards. The
amount If c',' Isolation OF the Bank Of France
Jau,n,; ~ 1879, WIS s.ss.lshlseI showing an
increase between that time ana January - OF
ss,lOO,so7, The Imperial Bank of Germany Is
sues NO notes Of Z less denomination than
$50 and the hank Of France issues but about
$.yOO,OOO &, notes of less denomination than
Is. The Bank of England issues no notes less
than $e1 I'd the Banks Of Ireland and Scot.
land none less than g. The amornt Of cjrcu-
lation in this country in denominations Of Is
and under vas GIL, fs,xD November I, 1880
in the foreign countries named alarge amount
OF silver and gold coin Of the lower den0mina.
tons enters into general circulation. 1t will
be impossible to keep in circulation my large
amount Of small sold coins or silver dOIIars
unless the coinage Of the latter IL restricted
ana the small notes withdrawn.
The total amount Of United States bonds
held rs security for circulating notes on the
1st Of November, 1850, was $S5a,s4s,a59. On
October l, 1865, the total amount of bonds held
for this purpose was $!s6. s5oEO, Of which $780,.
80, $50 was In six per cents and &c. So 800 in five
per cents. On October l, 1870, the banks held
32a&S9l, 100 six per cents and $95,9ts,5j0 five
per cents. Since that time there has been to
November I, 1870, decrease OF &lS5,s $50 in
six per cent. bonds and an increase Of Isl, 49,.
200 in five per cents.
The banks now hold e38. 9ss. $50 OF four and
half per cents which have been deposited since
September !, 1876, aud $ll9.Os5, 100 four per
cents which have been deposited since July
l. 1877.
During the year, 81, eei3,ao9 four per cents
have been withdrawn. chiefly for the purpose
of realizing the large premiums on these
bonds, and $s.. SO, 80 I've per cents deposited
which will mature In few months. The hanks
still hold $500 six per cent. so bonds aud
$5ss,a0) Ave per cent. ,O4O bonds, upon which
interest has ceased. They alse hold $l46,552,.
$50 of fivcs Of 1881, which are redecmable the
LIST OF next May, and $2,0ts,oo0 skies Of 1881,
payable the LIST Of January next, and Go, a..
lO skies Of 1851, which are redcemable the LIST
OF July next.
All of the five and six.percent. bonds now
held by the National Banks, with the cxcep-
ton OF the Pacific Railway bonds, will ma.
turc on or before July !, 1881, and will prob
ably be replaced by bonds bearing interest at
four or ~ per cent, or by new bonds hcreatt.
er to be issued by authority Of Congress bear
ing a less rate Of interest.
The amount Of bonds held by the National
Banks November l. 1850, was &40A 369, $50, and
the amount held BY other banks and bankers
Of the country in the above table Is e2sS l04.
The total amount held by all the hanks ard
bankers Is shown approximately to be more
than One-third of the whole Understanding
funded debt Of the United States, ~ follows:
State Ranks and Trust Companies. e.. ~, d04
Savings Ranks. Observation-Disclosures. lSV, 1,Bl0
Private Banks. OBSERVATION-DISCLOSURES. H,36 GA
National Bxnko. $50