New-York tribune., 1884-11-25
NATIONAL CAPITAL TOPICS
CONDITION OF NATIONAL BANKS.
.xr,cpArrSG raE REPORT OF rHE coSrHoLi' IN
OF THE CURRENCY.
fay rs..a iaAra TO rur TRIBUNE

fay rL.a saA.a To rue TRIBUNE
r.s,,Scrox. Nov. 24.-This has been one
" :. av.ptsul years In the history OF the Nauoh"
,ee the Nrtioaa! banking system hrss went i"''
..,o, more than twenty years ago Win 'no cA'ep
,sns NJ 1878, they have not been called upon "
Wv" ,~r,oi more critical than that through wh'cn
i''o ,...aa in the early part Of last spring
va. mi. reason that the annual report Oh ,he W"
Correucy will be looked for this time with
UV'''' sr,l interest. II will leave the printers
a,v or two aud be given to the puolic as soon
n''N' ~ The consent Of the Secretary oil the treas
y, attained Ordinarily the Controllers report
s ~, pubIic as practicable Indeed there e2
.o valid reason why the usual custom shouiu ho' oc
ss This year The Controller OF the Currency Is an
. rano~;s TO Congress direct and not through
49, secr,,ary OF the Treasury Mr.. McCuloch, however,
.~.rss II as wanting In respect to him to have re-
,s,r,s male by Treasury officials givea 10 ule
rewsuapers before they are submitted 10 hil
and 70 crafty his wishes in this respect much
10 the annoyance Of bankers and merchants
nanknc interests which would wish TO include the re
mort in their Forthcoming December number the report
< held back much behind the time Una, IL usa! i' "e
one Of the interesting points in the report VIII ne
The bank circulation amounted In the year eng d
ing October 81 only to about 10 SoSnv;"c
of the year. Controller Knox II Is wei known preacn
that It would amount to sooooo@4oo' 200 rms MS fes Goye
ment foars. Many banks which. at that time; aS Aa1
in fours 10 new circulation and OWING oWiins
10 the low price of tho bonds then prevaliihg
found II profitable to do so The relief thus oDaneu %.
course was piece OF good fortune and does not doaW
with the necessity which still exists that CONGRESS
should pass some ut this session anthorizs s
hanks TO enlarge their circulation without inelcasn
their amount OF deposit Both the Nei nT, Winter fer
and Potter bills introduced ss. Snnats
would do this The former passed inc Inc fr he
and would have encountered no serious oppositio ~,
House perhaps. had the latter not seen NJ 70 ,Iig ~
l.ftsr palr session I'm attacks upon tue CO
rho Controllers report will probably SHOW i tna, ere
National banks in existence, lSi or Wich W.
.,~ntcI a charter In the year ended November
Eleven banks only failed within the year
In fact N seems TO speak well for the system ataEon
lied ercey hy Democrats that In the last twenty years
only about one hundred banks were thrown into nqu
ZION This period II should be remembered Includes lhe
great panic year OF 1873. sone interesting 9uesS-
tons are lie discussed by the Contrvter N,a Win
sroSe I'm regard 10 the failure In May OF the Marine
and Mriropoitan banks OF NewYork and more partlCu-
ary In regard 10 relation of those banks with te
Clearing House -, ,.,.,.
No hond eal is likely TO be made soon. The demands
utpn the Treasury for the next month VIII Ne heavy anu
the receipts large measure owing Z" the lainhE oh
Of importaoas this or the year, rather hg
la December about FL 700 Will be reluTed I"'
he psyept pensions and 100000 for interest i~ii
Ag due bonds