The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-11-04

ntAlea leallotleAGsPGCtlNGlya asluuus lQE lQelE re
demption, but as to other liabilities no sucl
obligation exists, and it is submitted thai
no higher reserve is required for their pro
lection than is required for the protection
Of United States notes in the changed con.
dition oftrade and commerce. Unless some
calamity shall Overtake the Nation, there
seems to be no probability of q run upon
the reserve Of the treasury, The total de-
mand for coin on the redemption Of United
States notes aggregated since resumption
but ST., ,029, ,0S6, and no note whatever has
been presented for redemption since
February, 1881. Should there even be a
run on specie the reserve in the treasury
Of United States notes will be made q bas /
OF demand and not other matured obliga-
ton which compose very varied current lia-
bilities Of the government. The excess u.s.
sets over the demand OF the liabilities Of
the government, other than United States
notes, is shown by u tabulated statement
to be $l4B,44340l. considering these
liabilities as u WHOLE" the Treasurer says,
ut is clear that whatever percentage the
reserve will protect, the United States
notes will protect the other liabilities. +"
The Treasurer doesnot attempt to say what
this percentage should be, but is OF tho
opinion that a uniform per centage should
be fixed for Qll the current liabilities, other
than the three classes OF certificates, and
that the excess cash In the Treasury should
be expended from time to time In the pur-
chase or redemption Of the public debt,
according gtosomD dehnitelyand publiclyan-
nouncedplan, Shouldthis be done, the policy
OF the department would cease to be sub
jeCt to speculation and influence OF the
Treasury, and the money market would
be reduced TO q minimum. During the
lust two years there has been Il steady in
crease In outstanding notes Of the denomi-
nations Of $50 and under, and o proper
tionate decrease in notes OF higher de-
nominations-hundreds' alone excepted
The total amount OF standard silver dol
lars coined 10 September 20, 1881, under
tho act Of July 2S, 1878, is $0S,322, ,7O5, OF
which nearly 3B per cent. Is in circulation,
mud the remainder in the Treasury, The
amount coined last year was SCI, ,753, ,055, OF
which $0,bS0,420 went into circulation and
the remainder in the Treasury,
NOTES AND PERSONALS
Senator Sherman left for New York yes.
Lerday.
Ex.secrctary Window has gone to New
York.
Sergeant.at.Arms Bright, OF the Senate,
left last night for the East.
Representative elect Robinson, Of the
Ninth Ohio District, arrived here yester-
day,
It is said that Judge Folger will enter
upon his duties asSecretary Of theTreasury
OH the 18th inst.
Senator Edmunds Is said to be preparing
4 magazine article on the Mormon question
politically considered,
A, j. Alexander, OF Kentucky II. s.
Sherman, Of Cleveland, Ohio, and John
Sherman, jun, Of New Mexico nephews OF
General and Senator Sherman, arc at tho
Ebbitt.
\. Il. Pickering, Executive Manager OF
the American Department Of the Mel.
bourne Exposition, will make awards Of
medals to successful American exhibitors
in this city next week.
Another crnk turned up at the Capitol
Yesterday, claiming to have been elected
Vice President, and that David Davis had
nsllrped his place lie gave his name us
Thomas Jefferson, OF New York, llneal
descendant Of the author Of the Declaration
Of Independence. Being informed that
the Senate had adjourned, he said he
would return home and bc on deck again
in December.
In the Criminal Court this morning,