The Superior times. [volume] (Superior, Wis.) 1870-1912, 1880-12-11

ed or de-
stroyed 1929 ......... l5I29
Totals .s342,o6s,45l s347,esl,ol6 s6s9, ,467
gal tender
notes dCst'd
in Chicago
fire 800. .......... l,JOO,OOo 100000
Totals s342 O63, 45I $346, 681, ole $688, IA, 467
The aggregate amount of both kind of notes
in 1879 was 1861, 115, 500, and in 1873, $685.,
333. 1877.
The law provides that after specie payments
are resumed national banks shall not be fur
nished with notes of a less denomination than
IS, and in accordance with this provision no
notes Of the denomination of one and two dol
lars have been issued since the first day of Jan
uary, 1879. The amount of ones outstanding
that day 81 1913, SIT. and Of twos s. 924, $50;
total, 81 us, TAT. Since that date the ones have
been reduced S2,50l, 355, and twos S1,71I670
making the total reduction of small bank notes
9f,2l9.925. The amount of legal tender notes
of the denomination of 81 outstanding at that
date was 500 57, 100, and of 3 $50 035. 525
total $40, 942, 634 The increase since that date
TO November !, 1880. has been -, 491, 584. Thus
it viii be seen that while the small notes Of ma
uOnal banks have been reduced more than four
millions (S4,219,025) in compliance with
law. since the date of RESUMPTION
the legal tender notes of the
same denominations have been increased S.
49l ,53i. The total amount of these denOmi-
nations of both kinds outstanding November /,
1890 81, 2S3, $40; total increase during theyear
-, 3G5. SIS. The decrease during the year pre-
viOiIs was 81. 6i9,451. OF the entire amount of
national bank and legal tender notes now out
standing nearly per cent. consists of one and
two dollar notes, more than 81 per cent. Of Ones
twos and tives; more than SO per cent is in notes
Of q less denomination than $50, and 50 per
cent = in notes of a lower denomination than
$50. OF the entire issue, about 20 per cent. is
in denominations Of $50 and upwards.
The amount of circulation of the Bank Of
France, January 30, 1879. was S45S, 1874 166,
showing an increase between that time and
January 20, 1880, Of sc 100.707. The Imperial
Bank OF Germany issues no notes OF a less dc
nomination than $3.50 and the Bank Of France
issues but about two million dollars IN notes Of
a less denomination than =. The Bank of
England issues no notes less than S25, and the
Banks Of Ireland and Scotland none less than
s.. The amount Of circulation in this country
il denomination of IS and under was S214, $780,
S33 in November :, 1880. In the foreign cOun-
tries named large amounts Of silver and gold
coin of lower denominations enter into general
circulation. 1t viii be impossible to keep in
circulation any large amount of small gold COINS
silver dollars. unless the coinage of the latter
IS restricted and the small notes withdrawn.
The total amount of United States bonds
on the 1st Of November, 1880, was
$3.50, 1889. On October l, 1865, total
amount of bonds held for this purpose was
S276. $50. $50, Of which S199, 397, $50 was in
per cents, and SIS. $50, COO IN per cents. On
October /, 1870, the banks held SAG, S9l, 300 III
6 per cents, and S95, 9f2 $50 in per cents.
Since that time there has been 70 November /,
1879 q decrease of S185,211, $50 in per cent,
bonds, an increase of S51. 1871 200 in 3 per
cents. The banks now hold 535, 988, $50 in A.
per cents, which have been deposited since Sep
TENDER /, 1876, and S119, O75. 100 in a per cents
VIII p{ l,l tod Inl |
During theyear SO. 243. 800 n4 per cents. have
been withdrawn, chiefly for the purpose of
realizing the large premiums on these bonds,
and -22.37U, $50 III per cents deposited, which
viii mature in a few months. The banks still
hold S. coo in 6 per cent $40 bonds. and $500
500 in 5 per cent. 1910 bonds, upon which in
terest has ceased. They also hold S146 $50, $50
Of IS Of 1881, which are redeemable the 1st Of
next May, and 3, 056, coo of 6s of 1891, payable
the list Of January next, ard 500, 432, $50 of 6s
1891. which are redGemabe the 1st Of July
next. All the and per cent. bonds now held
by national banks, with the exception of Pacific
railway bonds, viii mature on or before July 1,
1881. and viii probably be replaced by bonds
bearing interest at 4 or ~ per cent.
or by new bonds. hereafter to be issued by au-
thoritv of congress, bearing a less rate Of in
terest. The amount of bonds held by national
banks November 5, 1880, is 9403, 1868, $50, and
the amount held by other banks and bankers of
the country III the above table is 1928. 053, 104.
The total amount held by all banks and bankers
Is shown approximately to be more than one
third of the whole Understanding funded debt
Of the United States, as follows:
r... ,.,-..7 49,. ,,.,,oo- @ q, .oo GO,
9l"tc p"ihH "lld u '-'' 0oi 80 %
Savings banks. .....,............ 1S9,1S7, SIG
1IIsale panheIs 30 300 o2d
Na1loldl DaiihS' ''''''''''' foo'oo7'ooo
NJ 60, 100 -,
Ao1dI' ''.''''' ''-ool f-@' fot
The total estimated amount of coin and bull
lion in the country November LIST, was a612.-
293357. of which 1854. OH O30 was gold and
S158. 271. 1927 silver.
The amouut Of cold and silver and per cent
of each held bv the United States treasury No
yember l. 1890 was as follows:
STANDARD dollars : AZ oe4 45a
/ OH. 80, 80 L,,1I;o,, % gro OK
1o+oIe il. : ~ 75= 91e
Z C,1d 80. - L,,IIo,, 51iG -95 os9
>'0'>' N0-'' ''''N -,
-ro4oT ,,oi,,. o,,a t,,ll;o,, eo1o 400 $50
FER cent OF SILVER 800; per cent; OF 80id 6t-4;
The amount OF bullion IN the BANK OF England
OCTOBER, lS6O, was SI4l, 20 ,UUo, ana IN lhe
Bank OF france Octobef ~ 1851, @Ilo, !4U, UUU.
Inc per centa6e OF 8oId helo was OIL; ana
silver b5.5.
Statistics show rapid reduction during the
last two years IN the amount OF outstanding
Circulation OF banks when nave ceased 10 90
business, and indicate that the Ihal loss upon
notes OF national banks VIII not exceed OF -
per cent.
he increase IN the net deposits Of OF national
bahk9 d,nLi6 tLe yea was @1oi,o2o'p1o; oI
savings ualhS 7ot:oV7,Z go u private DalkerS
~, '45,674. ana OF slate bahhS ana trust COM
? In J.It J..