The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-01-26
FINANCE AND COMMERCE
FINANCIAL.

No figures show the country's growth
aud prosperity more clearly than do those
Of the United States Treasury. The ma
tional debt reached its maximum August
ii, 1860. Deducting cash in the Treasury il
then amounted to $2,756, 49, oil. This in.
cludes the Treasury notes, or "greenbacks, u
which constituted a non-interest- bearing
debt. The interest charge on the debt was
$l5O07,697. On December /, 1881, the to-
tai debt, including legal-tender notes, and
less cash in the Treasury, was $l,77S, 1885,
$40, and the interest charge on November /
was $50, 062, 2i5, The total reduction of the
public debt in sixteen years and four
months was $685. li6, 23l The debt reduc-
ton during the year ending June 80 1881,
was $l0l ,574,3S. Between July !, 1881, and
december the debt was reduced $62,3l3,-
al. For the purpose of redeeming
Treasury sold over $64O,OOO,0OO of per
cents. in 1870, which were eagerly
taken by the public. Another large in
stallment of and 6 per cent bonds matur-
ing in 1851, the Treasury called for part
OF he amount for redemption, and gave the
holders of the rest the choice of hayingtheir
bonds redeemed, or continued at the OPP
ton OF the government, ut 81 per cent. So
lar as the holders were given their choice
they preferred continuance, and 500, $50 e
$50 OF bonds were continued, the interest
saving amounting to $l0,473, 952. Besides
this, there were redeemed, or called for re-
demptlon and the interest stopped, in the
year ending November /, 1881, bonds to the
amount Of $l23W9,65O, making the total
reduction in interest in the year ending
November |, 1881, SIG, 1875 1872.
For the year ending June so, 1881, the
revenue nt the nnyprpnnpt w l'lDn 100
202 and the expenses We're $500, ,SS7, in
GLIDING over $S2,OOO,000 of interest, tn c
surplus revenue being more than $l00, 000,-
00O The chief items of the revenue, in
round numbers, were, customs duties
Sl9S,UO,OOO gain over the year before OF
more than Sll, 100000 and internal reve-
nue., Sl35,OOUWO, gain of $ll 900, 600
The chief items of Internal revenue were
spirits, SGT 900 900, and tobacco, $40, 900, 600
The National banks are private institu-
tons, operated under Federal law, their
circulation being secured by deposit of
government bonds with the Treasury On
November |, 1881, they numbered 2,l32. On
October |, 1884, these banks had resources
and liabilities of -, 35S,000,000, Their CAPT
tai was SlsS OOQ, 400; circulation, 1920, 600 900,
and deposits $l,0S3,O00,gOO. The deposits
show an increase for twelve months of SlgS.-
uuViVUu. Inc lDans NJ the date given
amounted to 81, l73,O00,0OO, mn increase for
the twelve months of $l32, 900. Seven
hundred and seventeen private bankers in
the sixteen leading cities have sos 600 900 OF
capital and $0O,000,OO0 of deposits. The
private banking establishments outside of
the sixteen cities, IN thirty.one States,
number 2,225, have $34 1863, ABS of capital,
and Sl4Sl7S652 of deposits. There
are IN fifteen other States and Territories
sixty.six private banks, with capital of
500, 100 and deposits of SO, 670,357. Alto.
gether, there are in the country G,796 banks
and bankers, with a capital of $67O0OO,0GO
and deposits of S2,G67 100000. OF these the
Western States and Territories have
3,6O6 banks and bankers, $lGi 100000 ofcap-
ital, and l,toO, 900 of deposits.
Savings banks statistics for 1850 show 65S
banks, with 1855, $50 depositors, and $50.
lS,013 ofdeposits, an average for each de-
posltor of $35O7l The States having the
largest amount of deposits were: New
York, S3ls, 1858 sol; Massachusetts,, S2O6,-
37S7OD; Connecticut, So, 81, i43; California,
S7,7l0,S20; Rhode Island, $l3,095, 53i. The
highest average deposit is ss0Ss5, in Cali
fornia; the next is S4G3,5l in Rhode Island,
and in New York the average is sS69,3l.