New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-11-30
.Sl.O53,j53,ll2
Total sloOS,0Os.l


These bonds including the Pacific Skies, amount 10
nearly 81 O5l 600 O0O and abundanty sufficient a.
basis for banding during the next twenty years IN ac
oneSourth of this debt exclusive OF tine Sll2OoOO0O
held by banks sufficient to supply DaTis Tor the
bank notes now oui STANDING e
The banks mold 10000 900 of United states bonds
which are subject the call of the Government aud
these bonds be replaced only by other bonds bearing
a high premium, and payable after nxeu
date II these bonds substituted for tne
former the circulation OF the banks will be reduced
II the wnole public debt were reduced uniform
rate OF Per ee ep 'ne dsuppea aud the volume
of ejaculation would respond more readily 10 the de
for the purpose of realizing the premium would no
longer remain. proposition for rounding al the
Government, into three per cents was stg-
gested during last session OF Congress.
An alternative plan wOuld 10 reduce tic tax upon
circulation to One-naf OF per cent per annum and an
other to II OF the act OF July ~ loo2 50
rate OF W pr US ,or me sx non,ls previous Ii It
b,nds snail decline tue markt t. additional bonds may
be required to dcposiIed or the interest may De re
Inea by the Treasurer notice from the Controller
tn make up the deficiency.
Elmer OF these plans Is feasible and would prevent Il
iIa" Contraction OF the currency, by bringing into
nossession Of the banks sufficient amount OF bonds TO
suppy the circulation when ls needed ana certainty
greatly be preferred To the PROPOSITIONS ior aIse Ia
CREASE in tender noleslf such Issues were pactl-
cablc-Or OF bank circulation without le-
post OF bond security under RESTRICTIONS however
The Controller while he believes it is for the best in
terests OF Government to continue the National
hereafter be authorized by Congress- after all OF op
ion mat il would be better That the circulation Should
youh.e than that the ISSUE sIould De III
creased at the risk placing IN the hands OF The poorer
IrredeenaDle circulation, or Ol
giving 10 associations organized by unscrupul0us men
an opportunity to eceent system OF banking iOi
bad purposes.
MISCELLANEOUS TOPICS.
table given containing full classification OF the
loans Of the York City banks tor tue past five years
and upon the subject Of restricting the repor
| says:
The attention OF Congress has prev ly been called
10 section 200 of the Revised Statutes, which places re
strctions upon loans and the difficulty Of enforcing
its nroyjsons = 1t Ia evident tnat the law shOulo
| be 40 amended as to exclude from the limitation men
Toned legitimate loans produce or warehouse re
CENTS and some other classes OF collateral security, al
| well as loans upon United States bonds
Referring subject of state taxation OF banks the
Controller The rate Of State taxation during the
wear 1881 varies from l,3 cent in the Southern
states TO per cent in the Middle and Western states
and the rate throughout the United states re
mains the II during the year 1885, but mas
Increased tenth OF per cent compared VIII
The rate during the year 1879. The total OF United
lion TO capital is 37 per during the year 1881 hav
ing Increased onetenh of cent over tue rat'
paid in $780, and oneha OF one cent over that pat
| during the veal 1879.
For the year 1882 the proportion Of dividends to CAPT
tai in the banks OF the United STATES was 81 per cent
of dividends capital aud surplus SO per cent ana
| earnings to capital and surplus 50 per cent. 49,
One hundred ana seventy three banks having capita
OF 81 600 paid dividends during the six m0ntn
ending Marcn l. 1882; and 219 banks with capital
$4,000, 900 paid dividends during the SIX months
| ending september l. 1882.