New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-12-07

The csiiruat.- VI this Department are submitted as
W nS ,, .4qe'' VA ers" % I9 pio %ue5 10
those Of iasl year h9 m sum Of l.GJo,332 60 they are
IN excess. Of tlr appropriations made for The DEPART
$aJ- %.
MANAGEMENT OF THE DEPARTMENT..
The wouctG-y trauJ actions oi tHc Government have
been conducted through The Offices of the United States
Treasurer uine a=aut treasurer, d,posiary, and
one hundred ald tlru two Madonna bank lrposijarie3
The receipts of the Governments amount Ing luyiug the
fiscal y'a7 ~ shown hy warrants 10 TifLJ3@,'@o 81
were deposited rs iollow-:.
IN independent treasury Offices 1913 SCOTS 50
H. Ntuunll udnk drpO-itaIies....... l3OIJ2lOI ~
rho quarterly examinations OF independent treasury
offices required by aH have been duy made and IN adj
ditOn thereto the offices have been subjected to special
examinations bv officers of this Department A far ~
known there layr been no losses 10 the Government
By public officers engaged either in the receipt safe
keeping or disbursement OF the public moneys by act o
Cnnlrc. approved March 30 1901. tHc public lsbutsiug
them tor disbursement on dcpcAi WIN pubic d' post
Ory and draw them only IN favor of me persona 10
law remained unchau -ad until the act June IL, l-GG
reproduced ~ section 3G2O Revised statutes, was
duuins cl,css ~ an net approved February p. 1871
that amended 10 rtcnact the provisions
uf tine Of March D 1871 concerning dSbursiug oil
nerr- checks. which the Department hld loHhi lmprac
u,b,c 20 enforce. The attention Of Congress nag been
Rotary Tor the years lraN lH'S ana ISIS, uWS
explaining tic mpwcucIbiiy oI thIoiehS tDe it" &C
iuruurd that o. bee 80 auended that payment may he
made AMI checks drawn under regulations prescribed Dy
the secretary OF the Treasury.
THE NATIONAL BANKS.
The rtpor, OF tue Controller OF the Currency contains
fun information in reference To the affairs Of the Ma
toual banks Il showed that GU October !, Of the pres
cut year there greater number of BANKS in opera
ton ihau % amy previous time. the number beng
2i3- Their rruJrns show that they nag y on H4i
LAY au 1GrCg1'r receipt oI 74o"'-- t'3-,
surplus, SI2-I4U6I1; Individual deposits, FiO,o'
y. .'S l.',-' 2. - i,I,tioY ,,l ~ 90 ~ well a.
the nmouu OF loans and individual depo1ts was much
lar-r than at any time since tue ORGANIZATION Oh TIE
Thc corporate existence Of 800 hank3 viii expire he
fore February - 1883. The controller recommends
80, a., ,,t rr pr,a.l authorizing any National bank
IN ans ii,ur yifliu year. lr"r 1" me expiration oil
m corporate cftercc, &" tend ' p'Iod OF uc'''7'oh
by Amending its articles Of association ny
tfo votes ~ shareholders owning t"othird'
upon an animation oi d. Affairs aIl hc found ." hc
In satisfactory condition TIC law pT"lt"t- MAJ tie
b.uziur t..r,ttru tn begin hu-u,-- u shall tuuIuu
In an rrsp-cfs to the lnE.i requirements. Inc 'N.
ma the cfurr under tho pIr-elt law, continue Irf
. fence and IN 3D., absence ~ prohJbto} legislation,
many OF them undoubtedly Will ON lu' 'Np'I"y''n o
t ,rpnrtr l.,,ntr, ur-lulIe ucW Is-uc'ailoEH ana
,,t nom the Controller authority 10 continue bust
rr4a The passage, however. 81 "h ACT directly A'ho
h1ut. would iu many Instances save mlcH ilh"F ana
avoid tho dstrnulon o. me PI,H'il I3Iso S,il,
f..ulf f-um liquidation Tho pa'-aSr 81 ''' author
nng such renewal ot Their cn't',l7 y, i
The Controller gives Official information IN thUu"ltu
form 81 the proportion coin, paper money ana cArchs
u.c by ths Na"n"l g""Nt: i,r ls'l have ben o5aied
nom lac banks shnWiu. their uit I' rp@ ui'u Two
Jm so iast were s2-G.7lIol6 and Of 2.l32 banks on
September H. slJj, -HJ. ~ ly'A We ''',l M ''
rcrript. were composed ~ rIu.7 OH In grld com
s.uuJ2 IN silver aud Sl50-9'tl in paper money
the remainder amour uh 4" p .,,G az -, ~ra1int
house ccrtncate- To- PROPORTION 81 paper m9n{ ana
coin WAC So per cent, aud "i 'c'A- ana d' wi per
cent T6, receipt, OF forty eight hans. ia the city Of New
York were slt5Oouuro' "uI iH' l"', PEI ~,
coin and paper money Wa0 - p'. 'I' olN' "'" ~ ~
rlrrk. ana drafts 9-- per cent TIC trcc pa oi ~
LIukH In sixteen ro'rrr ciIi,s n,1''m S, ann
were #2i3.lljj1i and The pt'poiion "i ."'Sna an'
dra L. VA. % psr The banks elsewhere reported
r,ccips amounting Sj2 llsl-3, In which the proper
turns show how email nu amount on ihon'S Si,
trrn -nIrrarIcd by The machinery OF banking "ith It's
modern system al checks, bills oi rhch'S' anu ,rdhs
houses. Full statistics are gwen IA f'gdlu =" c 'ah
tlou ~ the banks, nom when II seems thhi Tue
amount OF taxes paid hoih ny tlr S"J I, %,n
u.t wear las been greater than ~ any previous year. uo
tot al amount collected being 43 JJt Irou tho orner
the states have also increased aud the "noun,s ass
are alleged To be dlspropnriioh,d 10 ,uI , az tIa
report suggestion Is made as To reduction OIL Iho
taxes upon these institutions ,,, ,,,,,r,io,, to
United states . ana u per cent bohus amounting W
s2I5 COL $50, held by the National banks nave uee
tended with interest al Jl per cent anu ~ Is ]
that fine NET ntrrcs the cnrrcut marNct NAun upon
ali the bonds held by them docs MOI exceed thht rae
Previously to the resumption OF specie pay .
% 0o 900 Of h"nJs and by tue retention Of add
tona amount VI about $4O,0OOOoO from surplus rev
,...,.c ,.or-,
THE REDEMPTION OF UNIFIED STATES NOTES
Tn. Motley pursued by this Department, as repeatedly
announced TO Congress- has been to reian "a reserve
for the redemption Of United states notes. ABOUT 10 per
cent of the notes outstanding and, in addition thereto
In have sufficient money In the Treasury to meet all
other demand obligations outstanding. This policy has
been adhered riCidly ~ pr'ctlcApie' dnf h re-
serve has fallen below 30 per Ccn'' nor UVon
4 y cant nf nUt
certificates issued pay able ony m sHe. oUii n
the gold received for these ccrtiHcates ~ &
for resumption purposes There Is now ia inc leasuItr
cash about $4,000 900 OF fractional SILVER CON- ns
only limited legatender value ana h"t E Elroe ro
resumption purposes. Tho remainder OF thls reserve
consists chiefly Of gold coin Ii IN genetay c9noeuoa
that for safe banking u The Government by
of its notes, payable on deh"u ana n ZION
cation to meet them when presented ~ Ia POSITION
analogous to that OF banking and should iheetore ac
upon principles found to be sounu anu Saio ia 'n"'
The Department has issued silver eertilch es et the
several subTrcasury offices, upon DEPOSIT VI so Si
IN like amount, with the Assistant ~
York and through this means cerucaJe s haNc Del rs
sued FOR nearly all the silver held ny le - d
certificates amount TO about S6oOVouoo' et aro ,
outstanding About "a 100000 Of SILVER uollIs ao lom
In circulation The total result Of TINS silver coI9age Is
increase the currency OF the country 10 @ @ o me V
about 81 90 900 900, and to require tine .ro
United states to hold the silver com IN WGh ue M
ti6cates payable. On November d o
partment held in its cash about $70OOOOO OF the tcrt
rcates and about $25O00O Of the coin LOT "Aeh cer'
the net Of February, 2s 1879 requiring the issue OF
silver certificates upon the deposit Oh stahuu t
dollars part OF tho policy of ths Coy elmem. b b
maintain the standard OF the silver dollar NJ OF near ne
value of tho standard gold dollar. The same act Pro,
yided that such certificates should be receVapie ior
customs taxes and all public dues $500 . H.,
The liberal purchase OF bullion and coinage VL siher
dollars nv ths Government and the receipt OF then ny
~ public Dues have failed TO raise VIC ~ r
bullion to any extent In the markets Oi tue WoFiu'
A. Is said else here herein the circulation VI eolo
ak millions OF silver certificates seems h
addition TO the paper currency They are haus tcsh
tender for the purposes named yet nave iOI the palS
ahout per cent only OF their nominal yae
There ia no promise from the Goverpeh 70 inho sOou
~ 1Geronce belseeu their actual and nominal Fhlue