New-York tribune., 1884-11-29
premium Of $3.50, and from San Francisco payable
New.YOrk, S2bO.d00, on which 800 was roasifed


In January 1879, the Treasury became member OF
the New Clearing House 80 far as to make settle
ments with banks through that institution instead OF
separately II was considered that such On arrangement
would be advantageous TO the Treasury In aiding re-
sumption and in saving useless handling OF money. ana
There was In force at all time rule adopted November
l2, 1873. prohibiting the payment Of balances at tho
dollars excepting as subsidiary coin, In small
suns tsay under s0). Subsequent 10 the passage OF
that mo National banking association shall he member
Of clearing house In which such god and siver GER
house baanceS' the Associated Banks resolved mat
the resolutions adopted November IL. lsls be amended
II. 1882" 's'
this formal declaration of compliance
with law neither standard silver dollars nor silver Ger
tidca,cs have been or offered in settlement OF
balances at the clearing houses and the treasury na
either of these descriptions OF funds which have. thcre
ferc been used in payment OF obligations pfesch'co
The statements winch presented below show that at
there paid to the Associated Banks 5o
clearing house from July J. 1882 TO October o. aoo
In gold coin and gold certificates, Si05,9s5,Oo0; IN
United States notes S23 657 56s III SILVER & ;u,s
ot maid ont a the NewYOrk office but at oher points
under the provisions of the circular OF t G
Isso During the ,oss same on peS% per"ant Of
duties on imports at the port Of New-iork age,cga,sa
which there wain gGa aes soh anu noe &
27sOO0 in silver coin, S335,ooo In sii'cr oo'"'
From the reports of silver certificates issued trans rs
ferred and redeemed, and OF the amounts k ece
uuus anu ,ha @ aftcr allowing for the by The New
York office OF portion OF those pnd ~ s'o noints
~ Nv Vorh and used In the payment of dutics on I'M
ports for which otherwise goa corn d %, 0o'''''''
United States notes would have peeh "scu'
| DRAINING GOLD PROM THE TREASURY.
f tho loss of gold to the Treasury through the mode
q, settlement with the clearing house. there has oeeh
| made up TO IL during the same period Tooofa.o ~
mean, OF gold deposits at the NewYork ONCE ior
$40 III 900 OF which silver cerhcates were iss"o "
treasury offices I'm the South and West and for
non yhich silver certificates paid out NJ the New
YorR office AS consequence OF the lhipily W 'I
treasury under existing practice to use either the s
rer dollars or the silver certificates In the setcnent
with the New-York Clearing House, where py ai me
soId ran down from 81 55 i2o,6oO January 1884, to
Sii0479 979 on August II. 1884, while The silver
ccriiacatcs outstanding increased during the same
| period from $27, ,26G.O37 to sis.8O3,95s.
from ar he easy be
was directed to use in payments TO the Clearing House
limited States notes to the extent of Oncha OF the pay
men But the amount of these notes In the Treasury
which at the time of the commecement OF ,s s noue o
payment had accumulated bel ono s Meets. s u 10Y
become much reduced that they are no LONGER avail
able for such payments to any considerable eale
making payments entirely In gold or goIu
the Treasury not made up toa sufficient extent py re-
CENTS of gold from other sources. tie question must
whether il viii continue to make in gold It's represe
tative the payments now made through ,he c,eatg hd
representative certificates In some proportion to me
relation which silver dollars in the Treasury nci held for
and TO extent similar to that In which they are now
IN asrcriainne what ths proportion is, n s TO be ron
sdeted tlat of The Sl90IoT9o w gold con anu ili,
| ion now owned hy the Government, fo55Oouoo vas
otninp by the sale of bonds under The Resumption act
III be held that This anuuits available iot utiei rM
rap,pd " '' Win slga3 1000 ii siltei dciats lqsiqys
| buint oVsiinhin fif the tamp uuirusraJ 90 w. " hp
hei ha ihp niuyslod ~ Rpptlo gui The api ~ July
~ issg snsehne r. 1se ~ ,,l sf ~ I wMs
reserved ~ e elthileii ~ 'nltl siai's hnirs ialls
| hniHw rln,,uiu,n 10 tf iiniilthilhN requirement
mai bs sa, shall he bei Jo ,hp feiemplipn of Nnles,
lhen lhe balance q Hll when mas bpust' o' o'''""f
Il a eose oi lhe soai year United states hands we're
held m this oNoe lnr account 81 hn racine al''e'' sge
| as foowsi for The Union Pacific iallr'ad Company
Sae70 i00 for the Central Pacific Railroad Company
me bunds aud stocks Of the Indian Trust Fund In the
custody Of the office at tho close OF tho hscai year
Interest is due aud unpaid all the bonds Of The fol
named staes he o r ar1" Waron III as onah caro-
lima, Tennessee and Virginia Interest on me rennninI
bonds those of the States OF Indiana aud Maryland ana
bonds Issued to the Pacific railways Is pad 10 daie'
| BANK NOTE REprMrrIoN.
During the fiscal year. $26 52.572 in National bank
notes was presented for redemption, being 22s3 per
cent than In the preceding year Or the amount
presented $50 922 OO0 $50 per cent from the
cities OF NcwYork, Boston. Philadelphia and Chicago.
| The increase OF 22.s3 per cent In the amount
| Of bank notes presented for redemption
and monetary affairs of the country as shown by re-
ports of increasing business failures ana decreasing
Clearing House transactions and continuation in
the that bauk note redemptons have been pur-
The deposits OF lawful money made by National banks
during the fiscal year. for the withdrawal of their crcu
| latng amounted to $29,5l9,51O.
The expenditure from the per cent fund for tran
| porting redeemlng ana asserting National bank notes
| during the year was Sl60,s96 TO.
The fiscal last ended makes ten years or NATIONAL
bank redemptions under the act Of June 20. 1874
The aggregate amount of bank notes presented Tor re
demption during The ten years expressed ID round
| $l40,00O,0OO. The actual redenptons varied WIDE
from this ave9ge n3ng n mP to c .mon m o
bank presented for redemption during The hrst
five years Q875-lS79) was $987 100000, while the
amOnnt for the last five years Qss0-ls5i) was only
S426OOO 900. In year Of the last five did the re-
demptons equal those any of the first five years The
due to the depression In business succeeding the
| financial and commercial panic of 1879 and the COM
1884 may be attributed to the recovery during those
years from the effects of that panic the increased actv-
| resumption Of specie payments. The statistics
OF the ten years show mat inc re- re-
decreasing in spring and autumn when trade Is
active, and increasing in mdwnter and midsummer
The balances funds held for the redemption Of notes
OF National banks that have failed gone into liquidation
ceedcd $50 100000.
The bank notes presented for redemption during the
first three months of the current fiscal are 81 per
OF the amount presented during the cor
| responding period Of the last fiscal year
The Treasurer commcnds the management OF the offices
OF the Assistant Treasrers and states that loss OF the
| public funds has occurred during the year. .
made that an amount be appropriated sufficient restore
salaries in his Office to the amounts formerly paid
| FAVORING FURTHER TARIFF TINKERING.
tBY TELEaRArH THE rRIsUSE.I
WASHINGTON, Nov. 2S.-Rcpresentative