New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-12-05

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the United States though taken security at margn
coming % the current yalue ha dete
mine 10 dive relief to the bankers, and through tne W
people in this matter, in the method proposed neie'
HARpsHIps OF THE NATIONAL BANKS.
Think that retrospect Of the twentythree years ase
past win descry two things: First InaS Tue desirsbIe
could not have been carried ON and bro9gnt 20 ,asned
result had not the bonds Of the United S1a'es Second fa
they would not have found that accepsto9h hanks
been for the Lead and the S eo nr 11 ay Of value in
nSw bopds that they have by law Of United states
been exeTp s Ia aw Of the creation Of them That
law has effect when they are ~ Ihe naiI thepe
thew are inyuincrabe by such taxation; but When held
by National banks the law fails OF ITS purpoe 81 1her
assets ana used by them In their business even 20 uer
relations with the Government state ieglsleCil n
sye but It Is edectua The stochoder Of Satoa nal
bank made to pay tax On e e consist arsey Of tho
bonds of the United States. submit tnal tS a nD
equal Ta SS ana 6 fat two = fact with which
fbeean this paragraph. Legislation by Congress conid
fS Sr So saS Of United states o. them
Tor basis of crculaton more desirable 70 tne 81 the
taxing officers of municipalities and OF the p9nIc a
divisions of states that oIen rs soy tbt ~ tb in
diyidua owner and OF many corporations. ~ NV ,ar
dificult by Federal legislation TO find means OF super
ysng and preventing this unjust ptIty, Dnt ' 4, ia
reason therein for such relief IN other drecuOh az ~
I'm
measures which will give aid 10 the banks without der-
nen else here and may be taken by them IN ne Oh an
now loan on real estate or take security thereon az
lateral 70 personal liability 5h fs e reoareat for
reserve might removed or made less IN amount lns
e. az doubtgr exDediency The injunction for reserve Is
meant os restraint on daring negligent managemeDt
mud "a safeguard against forced SUSPENSION or the heed
OF sharp cOntracuons.
OVERCERTIFICATlON.
nh ,.to Iooation nv Congress ut It's last session, TO
son the oyercertfeaon by the National banks OF cheeXs
drawn upon them has not been kindly aequeseed IN anu
observed Directly indirectly IL mas peen g r
ar evasion of IL sought In one case, upon lho -
ported by bank examiner, reference mas Deen ~ Tos
the Department of Justice by TINS t i eIler
IL will be tried in due course, when thefe VIII pe I,n
% he co1dnet deemed violation of it, and testing
OF the temper of jury summoned froma Dusy meioio
"T United states bonds are held, too, by state late
banks trust companies and sayings Nn9smb e1hh 1888 as
security circulation and for public deposits a P' tb
purposes $50 OF d ear Sa gV t6e monn
held on the date Of the previous year BAng M.
sfitutOns other than National held these Donds Is d0
lows: 752 State BANKS, in twenty-five states
"A trust companies in five States, Sl743739O ana ooV
ssgns 90 ea a heinz III less than
date of the previous year. The total amount nsiI ~
nearly onehaf OF the Understanding funded debt OF the
United states at that date which was ~ 80 State
banks organized either under the safety iua 0g 1ee
banking systems Of the STATE o. HeS Tcoe in is7
Va n 338 337 or SO per cent of the highest amount
issued The greatest amount Sl the STATE OF New
York was S114,671 ,346 the amount oulsenuIs gH,
6 ST2o $HS on. OF Npns bank notes
greater than that OF State bank notes under Ine od
having circulation $6415,934 the proportion nnre-
deemed 80 cent or 81 National Danks ~ on ~
s. s4674O percentage unredeemed was Ia RR 81,
cent Of % ba SsRSs ' Circulation T Of ssiS the
portion unredeemed 1.5o per cent and OF inc 20
S SaRks IN crgTSoH of 81 ss5 the percentage
800 per cent while the proportion pnredeemsG " e
whole of the 1855 banks above Named having eeua'on
| Of SIS, 597 1855, was 2.36 per cent.
| PUBLIC MONEYS. -.
The monetary transactions OF the Government have
been conducted through the offices OF the United states
Treasurer those OF nine Assistant ana
| l39 National bank repositories
The gross receipts of the Government, amounting dur
ing the fiscal year. as shown by warrants to
15 05 1896 56 of which were on account Of oas
offices, SsO9, 439; in National BANK repositories
sete1 National bank repositories have been dscon-
tnued during the year. their services being no longer re-
qured, owing to the consoldaoh oI .ne 81 tbe
collectors TO distant points in the new dsctsi pO
the gross number OF 10 eSsbsh several new ones at
nIaces in the West for the accommodation Of public OIL
% necai examination of independent Treasury OIL
by officers OF ts nId dangerous each year by
reason of the bulk of silver coins which mas aecuhuae
Am .o amount of United States gold coin is received
every wear in the sbTreasury offices, when 10y abrasion
In use has reached the least tolerated weight anu
fore cannot be again paid out Ihere Is no nil VI 80
ance for silver coins, but large number OF tuS ~
deemed each year under the provisions OF the ACT
proved June O. 1879, which are unit 10 De AGAIN Pu
out being more or less mutllaed OF eiaee S , thei
coins gold and silver are carried IN the cish at ieLL
nominal value but unavailable until recolned
cannot be recoined without some loss In order tt ,
amount OF coin be made available, IL Is recohhlclueu
that sufficient sum be appropriated each year 10 pay
for the cost Of the recoinage OF such COINS m n,
No appropriation made for the nseal year lSt io
recoinase of lightweight gold coins IN the Ireasyi ~
required by section 3,5l2 Revised statutes u INC O''
States. ...,.... - -, o,,.red q,
,,ed Tinted states coins are offered to the Officers
charged With the receipt or disbursement OF pnDnSS
non by this Department, To stamp or 9therWl,e Ii
ate all such fraudulent semDlanGes or M oI
i'm analogy with the process, authorized py lhc ct "
june 30 1876 CHAP 1885, sec o. 20 ee apPl'eT /"
fraudulent paper currency III ne moi s sO' asam 4
the oilicer TO he as often tested and rejected OF st
hT,aa ~ the deception Of the mwary. OF late, dis
tllic pieces and the power Of the officers so 70 Urea
them has been questioned in quarters on which S'I
that to put the official usage beyond eaVH an ~, =
passed akin that Of 1876, which shall give power
those officers fraudulent coins or tokens oxen to d 9
stamp false coin or t0Seh oneicr ~ ~ - not I'm
' wise make known by mark upon II 'h"' " - NO' $50
r UNIV THE TREASURY SURPLUS.
that there is likely to be a continuing surplus III th
Treasury over the ordinary expenses Of the Govern
mont so long at the present revenue laws rehul
: saen NV those attentive fiscal affairs ms mas cae
ont propositions for the disposal OF surplus Oh pupl
r ! uonevs; two Of which may be noticed one L. una
the surplus be parceed out among the states oil IN
e Union This though it has been ingeniously argued
{ has not so approved itself to the common sense OF u
+ people as now TO call for elaborate StatemSn ol o
II sons why # should not be adopted me PuDIa y sn
e s6rewd enough to see that debtor owing hise su
n mon interest which he must pay ~ SNORT in'ol Nv, y
Il Whenever he pcases aud thus save interest Nouu ~
e be deemed good manager OF aiS, II ne o III 81
IL 10 Insure punctual repayment ana ineans W"aa a.
re icl or prudent conduct had put IN his ads anu On.
C. IL Xvoud be wiser him, with the cssh nc ns, -
ic tiuplish SO much he could OF the dept aS's
m And the United states has such means, ana oNCS s,C