Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1880-12-02

reduction Of the gold balance OF S3I-
600 900, and an increas in the silver CON
and bullion on hand. The Influences
tending to the decrease OF The gold bal
ance have been primarily the scarcity OF
notes, compelling payments OF the Osily
balance to the New York Clearing House
in gold com.
There has been but small amount OF
L. 5. notes and gold certificates presented
for redemption in gold coin There has
been during the year an increase in silver
coin OF Sl5917 97O in standard dollars
and of $7S4989i in fractional silver
coin The note assets, including the
balance due from depository banks have
decreased from Sl07 ga 2s1, IN 1877, TO
$03 AT 2S2 in 1878, TO $63 926 653 in 1879
and To SAP 400 ,3l4 iii 1880. The steady
decrease, the Treasurer says, is due in y
great measure 10 the Withdrawal Of notes,
caused by the presentation of clearing
house certificates for redemption, the
smount OF these certificates outstanding
having been reduced from S3l $4,000 in
1879, TO 80 975 600 in 1880 Anothey
reason for the smsllness OF the note bal
ance, Gifllan adds, may be found IN the
falling off In note receipts, the revenues
OF the government being now largely paid
in coin and silver certificates. From the
tables OF assets and liabilities OF the gov
eminent, from Nov /, 1879 to Nov, 1
1880, il is shown that on Nov. |, 1879 there
was $l5l, oar 044 and on Nov. /, 1890
thCro was Sl4l, 597 0l36l available for re.
sumption. The amount of gold coin and
bullion in the Treasury Jan |, 1879, the
date of the resumptiop OF specie pay
ments, was Sl35 1872 $50, and al this date,
Nov /, it is $40 725 952 and in addition
there has accumulated III the Treasury
S47,0S4 450 in standard silver dollars.
This redemption Of L. 5. notes in gold,
since the resumption OF specie payments,
has aggregated $l1 963 1856. Since the
order of the Department Issued in Jan.
uary, 1879 authorizing the receipt o! y.
s. notes for Customs duties, there has
been received On that account SAP $685.
COL.
The total coinage OF standard silver dol.
lars under the act OF February 2S. 1878,
has been S72 SAT $50, OF this amount,
SAL 5SS, ll6 are IN the treasury and In the
minis, ana $25 259 GA. being more than
"a 2-l3 per cent, OF the coinage, are In cir
culatioD. The treasurer instances banks
which have reduced, and forthwith In.
creased their circulation to tho former
amount, with the avowed object OF re-
lieving themselves from the trouble and
expense OF r, deeming their notes through
redemption agency, IS CURED by law,
aud says: at Is plain that euch transac-
tons as these are not within the spirit OF
the act OF June 90 1874 That act author
ICES a deposit OF legal tenders, by any ma.
tlonal bank desiring to, without lis clrcu.
laiion in whole or In part. A wish 10
surrender its circulation, with the re,
served intention OF taking out more at
once, or as soon as 8 TALL III the price OF
bonds shall make the transaction protita.
BILE, is not, ii IS submitted, desire TO
withdraw its circu lation. As the law con.
templsted, il could neither hsve been in
tended nor expected that the law would
become means Of enabling banks TO op
crate in securities OF the government de-
posted to secure the redemption OF their
notes, or to throw upoa United States or
other banks of the country the expense OF
redeeming their notes, while maintaining
and enjoying the ice circulation TO
which the law entitled them"
There was subject to draft al the close
of business, jane 30, 1880, $20i 6S3 1886
which differs from the debt statement
balance by So j9j ,2l3 which is explained
in the appendix. The business OF the
Government Involved the transfer during
the year of 81l ,053 ,357 0S3, the greater
portion through tue medium OF the ac-
counts of this office, and the remainder
by the actual trans oortstion Of funds,
L fty eight National Banks we're organ
ized during the year; i've Jailed, ana u
went into voluntary liquidation, leaving
2 l02 doing business.
PENSION REPORT.
WASHINGTON, Nov. %.
The annual report OF the Commissioner
of Pensions shows that on the 3Ch OF
June there were $50 S02 persons receiving
pensions from the Government. The au-
nual pensions average Sl03, an aggregate
for all o. $25 97l 906, exclusive of arrears
The payments for the wear amounted 10
$37 046 1885, of which $l2 463 1871 was &C
Crued pension in new cases, The total
amount paid out for pensions during the
year WAS S5702f 994 Commissioner
Bentley estimates it will require upwards
Of $50 coo 600 to pay pensions for the cur
rent year. The number of cases in which
arrears of pensions have been allowed, up
10 Nov. (date Of report is 1917; the
average IN each case is $500. a table is
given showing the nunLur of persons
gone upon the rolls ST the end of each ils.
cal year from 1861 to 1880, and the smouni
paid ont Tor pensions each yesr The to
tai amount for 20 years is St54.7lS 500.
PETROLEUM EXPORTS.
The total values Of exports Of petroleum
and petroleum products from The United
States during September were ~ 7l2 163
during September 1879 $34l9 1850; for
the nine months ending September, 1880