The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1883-11-15
An Analysis of the November Debt
Statement.

!. Statement.
FL WASHINGTON, Nov. MANY interes
4 ing facts are brought out in the followir
] analysis of the monthly debt statemen
prepared by MI. John M. Carson, clerk {
the Ways and Means Committee. In vie
OF the reports concerning the desire an
| intention of national banks to withdra
circulation, his deductions on that sui
i ject will be read, with attention. III
analysis is as follows: .a o1.s -.@ ~.
i The reduction Of the public debt for las
month was $40, 900, and for the fou
months ending Wednesday $39,6O0,0O(
against $15.63O,0OO for October, 1882, an
I $50, 400 900 for the four months ending wit
| October of that year. An examination Q
1 the Treasury figures presented for the frs
four months of the last and present fsca
years shows that in actual results there
mot SO wide a difference between the figue
OF the two periods named as is indicates
on their face. Taking the receipts ant
expenditures together, it is found that tn
surplus on Oct. 81, 1882, was SAG, 246, 900
against 1874, 452, 900 Wednesday, a difference
against the four months just closed of les
than ST., 100000 The available cash nov
In the Treasury is $161 ,4S3. 900, which il
$I0,S3S,OOO in excess of the sum available
II months ago. Adding this excess to thu
surplus OF the past four months, the diff
terence between the actual results of the
transactions of the two periods compared
is less than $2,OOO.OOO.
The receipts for the four months were
1924, 40O, 900, against $145, 100000 for the
corresponding months of last year. Com
pairing the two periods, it is seen that dur
ing the past four months there was de-
crease in customs receipts of SO $780, 900
and In internal revenue of $10,000,000.
The Treasury now holds in gold coin and
gold bullion 5000, 430, 600, which is the
largest amount in gold ever held at one
time. Against this there is outstanding
in gold certificates $7S ,4O0, 900, an increase
OF $23: 000, GOO for the month. The number
OF standard silver dollars now on hand is
over 116,000,0O0, against which there is
outstanding $S5,OOO,O0O in silver certif-
Gates, an increase for the month in these
certificates of$6, 100000. The available
cash balance is $l61 ,5OO,O 900, against $685.
SAG, 900 on Oct. l..
Less than $4,000 of the 81 per cent.
bonds remain in the interest bearing col
umn OF the debt statement, and as the call
for these matured Thursday the 81 per
cents will no longer appear in that column.
With the redemption of theselbonds( also
the per cent. refunding bonds authorized
by the acts 'of 1s7O-71ss- disappeared from
the debit. statement. There, was issued of
these bonds $517 100000, and this entire
amount has disappe d;by redemption and
refunding since Jan. 1,t1S8O. There are
two calls out for the redemption offs per
cent, bonds, the first of (which is for $15,-
100000, and which viii mature Dec. l.
The second call is, for alike amount and
will mature Dec. Is. The Secretary has
ERECTED Treasurer. Wyman to redeem all
bonds OF these two calls presented blythe
Loan Division, with interest, to'the date of
Presentation. 1t is believed that the ma
'lonall banks )haye' nydeposit to secure
heir circulating notes "a. considerable
mount of the $50, 900. OOOEincluded in the
'Wo calls for 8 per cent. bonds. If the
ranks should.be called upon blythe Comp
roller to substitute other interest-bearing
,onds.for the called 8 percent. it is likely
nat those institutions would prefer to sur
ender their circulation rather than pnr-
'hase 4 OF A per centssatrthe PREVAIL ug
'remlum. While this appears to.be the
heory generally accepted, the statements
elegraphed from here to the effect that
4 el banks were already withdrawing their
aliedfbonds and surrendering circulation
re contradicted by the Treasury figures.
Fhese' show that during, the..-month the
amount of bonds held secure
REGULATION of national bank notes has not
materially changed. that now held being
My $5OO,O00 below the figures on Oct. LIST. !
During the month"; $l62, OOOin per CENTS
we're withdrawn by the banks, Fand in the
lme the. per cents. on deposit have in
reased about 100000. 1t is believed that
Controller Knox will not insist upon the
'anks at once replacing their 8 per cent.
allied bonds, but will allow them to main
ain the IS on deposit. Of course, the
'anks will lose the interest on bonds thus
leld. With Sl57 100000 available in the
Treasury after deducting the called bonds
Which matnred Thursday, it is highly
robable that. Secretary |Folger will make
mother call on the 3 per cent. before Con-
ress assemblies.