Savannah morning news. [volume] (Savannah) 1868-1887, 1882-11-24
THE COUNTRY's CURRENCY.
Annual Report of the Comptroller
Valuable Facts and Figures.

Annual Report of the Comptroller
Valuable Facts and Figures.
The Comptroller of the Currency has
completed his annual report showing the
amount of United States bonds held by
the national banks, State banks, savings
banks and private bankers on the first of
November, 1889. and also the amount and
distribution of the coin and paper curren-
cy of the country at the same date.
The national banks held on November
l, 1882, as security of circulation and for
public deposits and other purposes 1885,
52S, 400 of interest bearing bonds of the
United States. This is nearly $50. 900. 900
less than the amount held November |.
1881, and about $1,000, 600 less than for the
corresponding date in 1880. Banking as
sOciatiOns other than national hold these
bonds, as follows:
State banks in twenty-One States. s S.739, ,l72
trust companies in five States .... l6.934. .Sl3
Savings banks in fifteen States 2S7,7s6443
Total ACKNOWLEDGEMENTS. 1858, 400, 42S
The amounts held by geographical diyis-
ions, by these associations in 1882, were as
follows:
New England States ............ s L, ,667, ,a4s
Middle states. ..-. 197. .l35, ,239
Southern States ..-..--...--...-.... 26S $50
Western States NEUTRALITY-SUSPICIOUS.. 33694l4
Pacific States. .............-........- 20.020.17
Total. Observation-Disclosures. $26s, AGO, ,l26
The interest-bearing funded debt of the
United States was on November l last
81, AIS, ,0S0, 200. The total amount of bonds
held by the national banks, State banks
and savings banks at the nearest cOrre-
spending date that could be ascertained
was 1916, ,639,357, which amount is not
greatly less than One-half of the whole in
terest-bearing debt.
Similar facts have also been compiled
from the returns made by State banks,
savings banks and private bankers to the
Treasury Department for the purpose Of
taxation, showing that the banks and
bankers of the country, exclusive of the
national banks, held an average amount
of United States bonds during the six
months ending May 31st last, as follows /:
Savings banks ....................S S242, OBS 1872
state banks and trust companies. 23,2lI, ,43O
Private bankers ..................... l4,S70,7 745
Total. l......................... $3.50, 957
From November 1, 1881, to November l,
1882, the production of gold by the mines
of the United States is estimated at $43,-
65S,O21, and the amount of gold exported
from the country, in excess Of the amount
imported, has been $33, ,122 53G. The differ
ence, 81, ,226, ,4S5, is the increase during the
year. The Director of the Mint estimates
that$2, 700,0 900 of this amount has been
used in the arts, leaving $4,536, So as the
increase in the stock of gold remaining in
the country and available for circulation.
The total excess of imports of gold over
exports from the date of resumption to
November l, 1892 has been Sl6I, ,3i1.57S.
and the total gold product of the mines of
the United States for the same period is
estimated to have been $147, ,6O9,O2l.
The following table shows the amount
of coin and currency in the country on
January l, 1879, and on November | of
the years 1879, 1880, 1881 and 1882;
The amount of gold coin in the country
November 1, 1882, was $567, los, ,45G: of sill
yer coin, $2l2, ,324, ,235; of legal tender notes,
$346, ,6Sl ,Ol6; of national bank notes, 1882
727,74
The amount of gold coin held by the
banks November 1, 1882, was SIP. 900 coo:
of silver coin, $S,000,000; of currency.
$134,000,000. The amount OF gold held by
the Treasury was 4S,000,000; of silver,
$123,O00,0O0l of currency, $26, 600, 900. leav-
ing the approximate amount Of gold, sill
yer and currency in the hands of tho peo-
pie at $685., ,391, ,0S1.
The total amount of standard silver dol
lars coined up to November /, 1882. has
been SIPS, ,329, $50, of which $92, ,414,977 was
then in the Treasury, although am amount
equal to $65,62Q, 400 was represented by
certificates in the hands of the people and
It4c .lstHhs1 lettNlIg go, $40 belonging to
the Treasury. Of the $12S, ,329, $50 coined.
$35,9l4,903 were, therefore, circulating
outside of the Treasury lin the forn
of coin and $65,620, 450 in the form
of certificates. The remainder of
the silver, $S3,994, 455, consisted
Of subsidiary coin, trace dollars
and bullion, of which $50, 76l ,Q25 was in
the Treasury and $53, 232 so was i'm use i'm
place of the paper fractional currency for
which it VAS substituted. The increase
OF gold and silver coin and paper eurren-
cy, outside of the Treasury, Since the date
of the resumption is thus estimated to
have heen $3.50, ,964, Ala, and the increase
during the year ending November 1, $IS.-
336,612; or, ii the amount of silver certifi-
tlfIcates in circulation be added, the total
increase since resumption would he S3l5.
172,5O4, and during the past year $25,11s,-
292.
ID