Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1882-11-30
NATIONAL FINANCES.
The Government Revenues and
Coinage Of Silver Dollars. :
The Report Of the Controller Of the
Currency-The Condition
Of the National
Banks.
THE COMMITTEE ON APPROPRIATIONS.

WASHINGTON, November 29.-The annual
report of the Treasurer OF the United States
says the receipts of the Government show
an increase over 1881 of So, 251 ,054 in the
revenue from customs, s., 55l, ,277 from sales
of public lands and 50, ,707, ,416 from miscel-
laneous sources, making the total increase
OF net revenue s42, ,742a57. Total net reve-
nue. s403, ,525.2502S. The net expenditures
decreased from $3.50, 712, ,ss7 to s257, ,as1, 40.
a reduction OF $e,7Sl,447, which added to
the increase in receipts, makes an increase
of $45, ,474, 405 in the surplus revenues appli-
cable to a reduction Of the public debt.
The amount of standard silver dollars
scu2le2afsoaAr- Esbs1As5s-&f1os 1os--lnz1, --thA-
date OF the act requiring their COIN
age to October 81, 1882, is $l2s, ,329,-
$50, Of which S95006,3 ,3S2 remains in
the Treasury, and sS5. 80, ,24s, or about 27h
per cent, Is in circulation. The proper
tion of total coinage in circulation Septeur-
Der 80, 1882 was "a 4 per cent Of the S. ,0O7,-
IT'S coined. During the last thirteen
months 81, $50 ,0T2 went in circulation and
$27, Oh, ,103 remains in the Treasury. Dur
ing seven months of that period the dol
lars returned 10 the Treasury exceeded in
amount those issued, the number in circu-
lation running down frem $349. sol, 40 on
December 81, 1881, to $Sf, 500, ,755 on Octo-
ber 81, 1882,
Banks md Banking.
WASHINGTON, November 29.-The Comp
troller of the Treasury to-day authorized
the Champaign National Bank, at Cham.
paign, Ills, to commence business with a
capital OF $4,000.
The exchanges of 81 per cent continued
L. a. O. a. loN- -, i,
gate to $50, ,395,75O.
Treasurer Gilfilan to-day mailed 1908
checks representing 81, LII, ,lS9, being the
interest falling due December lst on the
registered Az per cents of the funded loan
of 1891.
The Comptroller OF the Currency in his
reports says the capital of the 2,239 national
banks, July, 1882, was $477. .1S4,390, not in.
cluding surplus which fund at that date
amounted to more than Sl3l 600 900. while
the average capital Of the State banks, pri-
vate banks and savings banks for the six
months ending May 81, 1882, was but 1884,
929, ,956. The latter amount is less than
two-fifths of the combined capital and
surplus Of the national banks. The total
number of banks and bankers in the conn
try, including savings banks, 1902; total
banking capital, $7l2, la, 1868; total deposits,
$2S, ,30S, 7S1 $50.
Comptroller Knox states that PROPOSE
tions for the issue OF circulation without
the fullest security cannot be too carefully
considered. The security OF national bank
notes under the present system is perfect.
In twenty years not a single bank note has
failed to be redeemed at its face value.
Banks organized under the general law are
located so, often at great distances from
commercial centres, which renders security
for circulation of uniform and positive
value as an absolute necessity.
The Comptroller calls attention to the
great neglect of National Bank officers in
failing to stamp the word counterfeit" or
ALTERED" on worthless bank notes pre-
sented at their counters, as they are re-
quired to do by law. He also refers
with disapprobation to the custom in
National Banks of issuing notes with print
ed or hthogrrphic signatures Of the Presi.
dent or Cashier. He also repeats his
recommendation that the law imposing tax
upon bank capital and deposits and re-
auirinp stamps on checks he -reDealed. ---