Democratic Northwest. [volume] (Napoleon, Ohio) 1869-1894, 1882-12-07
CURRENCY AND COIN.
Points from the Report OF the Com streliel
Of the Currency.

Points from the Report OF the Com strellei
OF the Currency.
The report OF the Comptroller or the Cur
rency contains tables showing the amounts
of United States bonds held by National
banks, State banks savings-banks and
private bankers on the 1st of November,
1882, and also showing the amount and dis
tribution of the coin and paper currency Of
the country at the same date. National
banks held on Nov. /, 1882, as security for
circulation and for public deposits and other
purposes, s3e6,5SS4j0 of interest-bearing
bonds of the United States This is nearly
$50, 600 less than the amount he'd on
Nov. l, 1881, and about S7,0O0,0OJ less than
for the corresponding date in 1880
Banking asso ,iations other than national
no d these bonds as follows: State banks in
twenty-one States, sS,739,172; trust COM
panies In five States, SIG, sS4 ,S12; savings
b nks in fifteen States, s2S7 7S6, ,442 There
has been duri g the past year decrease OF
abo 81, ,0OO, coo n tue amount held by Sc te
banks and trust ompanies, and an increase
of nearly $27 600 coo in the amounts held by
saw gs banks. The amount held by geo.
graph al divisio by these associations in
1882 was as follows: Eastern Sta es, s42,-
667, ,24s; NJ ddle s ates, $751; 8, ,2S9; South
S60,4l4; Pacific States, s20,02O, ,175; to-
tai, $685., ,46O, ,496 These returns have
been compil from reports made by the
officers of different States, W ich have been
forwarded by them to the Comptroller.
Interest bearing funded debt of the United
States was In November last 81 AIS, 080 200
The total amount of bonds held by the ma
tional banks, State banks and savings banks
at the n Arrest corresponding date that could
be asoertained was S676, ,6S9, ,S57, which
amount is not greatly less than one-half of
the whole interest bearing debt
Similar facts have been also ascertained
from returns made by State banks, savings
banks and private bankers to the Treasury
Department for the purposes of taxation,
shswing that the banks and bankers of the
country, exclusive OF national banks, held
an average amount of United States bonds
during six months ending May 1st last as
follows: Savings banks, 8 AZ COS. 1872; State
banks and trust companies, S23, 211, 4S0; pri-
vate BANKERS, S14, $40, 745. The amount Of
bonds given in the returns to the
Commissioner of Internal Revenue,
United States bonds, and may include pre-
MUM as we'll as the principal of bonds, is
$16,6 %. 600 more than the amount obtained
from returns to State officers, The differ
ence is small, and the amounts obtained
from one source serve to coIroborate the
genera accuracy Of tine returns obtained
from the other. In referring to the distri-
button of coin and paper currency, the
Comptroller says
From Nov. 1, 1881, to Nov. /. 1852, the pro-
duction of gold by the mines of the United
States is estimated at $4S, ,359,021, and the
am unit of gold exported from the country
In excess Of the amount imported has been
$50, 122, 536. The difference, 81, 7,236, ASS, is
the increis during the year. The Direct or
of the Mint eatiynarAs that 40 700 (l00 of this
amount has bsen us d in the its, leaving
a 536, ,4S5 as the increase in the stock of gold
remaining In the country and avail able for
circulation. The total excess OF imports of
gold over exports from the date of resump-
tion to Nov l, 1882, has been $l6l 81 SIS,
and the total gold product of the miats of
the United States for the anne period is esti-
mated to have been $147, t09,t21. This is
the first year since 1879 during which
the expectation Of gold has exceeded the
importation. During the last two month
September and o tober, 1SS2-the imports
have, however, slightly exceeded the ex-
ports. The amount of standard silver dollars
coined during the year has been $27, ,657, LIS,
and the total amount coined up to Nov. |,
1852, since the passage OF the Jaw OF Feb 2s,
1873, authorizing their coinage, has been
$l2S, ,S29, $50. The amount of gold coin held
by banks Jan. l. 1879, was $46, COO, ,O00 and on
Nov. l, 1882. $112,OO0,0G
The amount OF silver coin held by these
institutions at the same date was re-
spectively $500 ,0J0 and $S.0yO,000 and of
currency $l67, ,OOO, 900 and $1S4, 10000 The
gold coin held by the Treasurer on Jan.g
1874, was $112 060,0O0, and on Nov 1, 1882,
SO. ,000, 600 and $l23 0vO, GOO; and of currency,
$44,OO00O0 and S26, 6,00Ot0O making the
gregate amount of coin and currency held
by the banks and the treasury $552. Al. .47S.