The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-11-03
THE NATIONAL DEBT.
\ VERY INTELLIGENT SYNOPSIS
VI tho Nations Obllsatlohs-The Decrease for tho
Fast aonsh-Ths Redemption or ilond.-A,.
hlAtsnt Secretary Stmt Suss.stIuns sstoths
lssue OF New Three Per Cent nonds,

WARRINGTON, D. G., November 2.-The
following review Of Natioaal finances Ia
furnished by Major john NJ. Carson, Clerk
oi tho Committee on Ways aud Means:
Tho reduction OF tho public debt for the
las. month was SloSO5,OO0, and for Tic
lour months ending Wednesday S3O,.
100000, against Sl5,G3O00O for October,
1882, and sG0. 100000 for tho four months
ending with October Of that year.
An examination Of tho Treasury figures,
presented for the first four months of the
present and fiscal years, shows that in
actual results there Is not 80 wide differ.
enCc between the figures OF tho two periods
named rs indicated Oh their flee, Taking
lhe receipts and expenditures together 1t il
found that tho surplus on October 81, 1882,
was 6,2lO 600, against s4, ,452,OOO yestet.
day; difference against the four months
just closed OF lees than Sl2,0O0,OC0. The
available cash now in tho Treasury Is SlGl,-
iS2 900, which Is $l0,3:S, 900 in excess OF
the sum available twelve months ago,
Adding this excess 10 tho surplus Of the
past four months, the difference between
the ac.ral results Of tho transactions the
two periods compared Is lees than s. ,O0O,-
000 Tho receipIs for the four months
were Slo4 4,4C0,C00, against Sli5,0OO,O 600 for
tho corresponding months O.! last year.
Comparing the two periods it is seen that
durins.the- past four months there WAS a
decrea le in custom receipts OF $9,500,009
aud in internal revenue Of SlO,OOO000.
The Treasury now holds In gold coin
and gold bullion $9O9. .43O 900, which is the
largest amount OF gold ever held at one
time. Agains. this There is outstanding in
gold certiticates SIS, ,A0O, 900, an increase o!
S23 600, ,0O0 for the month. The number oI
standard silver dollars now on hand Ia owe,
Sll6,0O0, GOO, against which there il out
Standing SS5, ,C00,000 in silver certificates
an increase for the month in these Ger
tifcatcs Of So 100000. The available casi,
balance is Sl6l 500, 900, sgainst Sl5S, ,5lG 0OC
on October l. No..
less than S5,O0O.OoO Of tho lhree-and.a-
haf'per-cent bonds remain in tho interes,
bearing column OF the debt statement, and
IS the call for these matnred yesterday, the
threeand.a.hn!f per.cenis will no longer
appear in that column. With the re-.
demption Of these bonds, all the three per.
cent rcfunding bonds, authorized by the
acts OF 1870 and 1871, disappear from the
debt statement.
There was issued OF these bonds SSH.
0O0, 1000, and this entire amount hes disap.
peared by redemption and reiunding since
January l, 1850.
There arc two calls out for the redemp.
tIon OF three.per-cent bonds, the first ol
which is for SIS O00.0l0, aud will mature
December l. The second call is for like
amount, and will mature December Is.
REDEMPTION or u3ND,.
The Secretary to-day directed Treasurer
| Wyman 10 redeem all called bonds O
these two calls presented by the Loan Di
vision, with interest to date Of pressna
tion. 1t il believed that the NntionG
banks have on deposit, to eecure their cir
culating notes, o considerable amount o.
the $JO. 100000 included in the two calll
for lhe three7per-cent bonds. If tho banks
should be called on by the Comptroller te
substitute other interest-bearing bonds fol
the called three.pcr.cenis, it is likely thai
those institutions would prefer to Sur.
render their circulation rather than
purchage four ,or four-and-a-half
per;cen's at the prevailing premium
While this appears to be the theory
generally accepted, the statements tele
graphed from here to tho effect that the
banks were already withdrawing theil
called bonds, and surrendefing their circu
ation, are contradicted by tho Treasury
figures. Thcae show that during the month
the aggregate amount Of bonds held tc
secure the circulation Of National bank
notes has not materially changed, that nov
held being bat 100000 below the iiaureg
on October lst. During the month $l62,'
COO in three-per-cen!s were withdrawn by
the banks, and in the same time the four
per.cents on deposit have increased about
|S70O,COO.
Il is believed that Comptroller kno,
will not insist upon tho banks at once re.
placing their three.per.cent. called bonds
but will ALLOW them to maintain the threei
on deposit. OF course The banks will los,
the interest on bonds thus held.
With Sl57,O00,GOO available in thu
Treasury after deducsing the called bond.
which matured to-day, it is highly proba
BILE that Secretary Folger will make anothe
call Oh the three.per.cent. bonds befor'
Congress as5embles
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