New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-02-03
CLOSING PRICES OF BOSTON STOCKS.
BOSTON, Feb. 2. 1888.
A WILD SCHEME IN CONGRESS.
TUTpsDAy Feb 0-P. N

January 81 printed In The TRIBUNE this morn
ing showed that the amount Of old surrendered
National bank notes redeemed and destroyed dur
ing January was "a 9523l5 and that the amount
issued TO new banks and TO banks increasing their
circulation was s24l 6,92o: SO that the apparent
contraction of National bank note circulation dur
ing the month was only s2,535,3s6, or 81 $4,000
less than the months coinage of standard dollars,
which was 100000. The net outstanding bank
note circulation January 81, including $685.
4eo In the Treasury, " In process Of redemption
factualls redecmedJ was s265, $685. s4s, of which
81 %, 205 IS secured BY deposit or 81 81, 1884,
$50 Government bonds and 81 Of, 799, 643 by de-
post Of legal money, the proceeds of redeemed
bonds that pledged for security Of bank notes.
And yet the Banking and Currency Committee has
reported to the House Of Representatives bill
appropriatlng a portion OF this trust fund-a fund
remaining IN the treasury from the purchase money
oil bonds already called or purchased and redeemed
to the further purchase Of Government bonds.
A wilder scheme TO SOW the wind and reap the
whirlwind never was suggested by the leaders III
the " Greenback party" The fund January 81 was
really s7,6s5,4sS less than it appears In the &C,
counts beca Use that sum Of surrendered National
bank notes was in the Treasury that had not
been charged off The actual redemption of
surrendered bank notes during January was
s78S2,423 At this rate per month it will not
take long TO use up the fund in the special trust
for which it is held
THE TREASURY STATEMENT
The Treasury receipts in January exceeded its
ordinary" payments So, 906,3ll and in the seven
months ended January 81 the excess Of receipts
its ordinary" payments was s5o,209352.
The Treasury's statements Of receipts and payments
for the month and seven months Of its fiscal year
from July, 1886 and 1877, compare as follows:
RECEIPTS.
1851 !aDuar'is ss. i is5y to jan ns 81
.sl7ssll4O sls27S.ss2 sl2a.975.57S slsO.7s55ea
revenue s.o7o.sla o4oo.532 ec3ls7Os 7l77sIH
cell,aas 2,596ls3 aos6,o42 1885, 500 2o5s44s7
Total 92l ssO77S2O8 s2O9 5sa $50 s223 l4s
EXPENDITURES
nary slS,s22.ssl sl22Io6lo sos,5S5se2 sso2oe 1873
,iou: 49, lo67.O4s s25.7ss Sa,I7o4o is4Iosls
est. aos4.O29 s.sso.els sS.24o27a sl.s?Ssss
premiums -.-.....- .....-.... --........ E.oo-o.o
Total eol s2l 1885, $685. slss $685. 796
receipts s5o1lo2o s8soGSll s4S.sOs so7 $50. $50
The abov. statements expenditures do not include pay
Ns sIss ar 6 gnR' notes O'"' H'' '
The Treasurers monthly statement Of assets and
liabilities as of January 81 shows net cash
balance, in vaults and deposited in National banks
Of s242, 696 against s2S3, 9s7 December
81, 1914 gain of 50, 1876, 500. OF this gain,
and s2,60s, 1853 was in the treasury vaults As
the months silver coinage was 81, 700, 900. the
Treasury actually added to the general circulation
slO6,242. In the month the Treasury lost In net
gold S. $685. 946; gained In net legal tender notes
So sol, o44 gained In National bank notes lall by
accumulation Of " notes In process Of redempton")
81. S62, 760 and gained In silver Sc, zoe, sol.
The following compares the Treasurers state
ments of December. 81, 1887. and January 81,
1883.
LIABILITIES
Trust Fund.-
Dec 81, 1887 Jan. 81, 1888,
Of National banks failed in
liquidation and reducing circula -. "a. -..u-.....
S 3lS S.5s ss9s. 7so ss.
District Of Columbia deposits for ,oo ~, 90, 40
payment OF interest," eto.......... l0s224 SseI78
Total of trust liabilities 22es1O sliOO8S88s
General Liabilities
Interest and unpaid slSs262! s7os4s se
Ma,ured bond. and interest and ~
Accrued interest Pacific Rail ,o.o.o os,e.u
nss4S; s..i. s 2ss:5t s ssssS9
s%s;5 a sSs - siss sss
Tots. general liabilities. ssiioo0ss s47e22es1
Grand total of lael.rea sisS. SssoO sI67.7lle,O
ASSETS.
Gold coin and bullion. ont
standing oertinoates and $780, an. 90, S,oo a.. 70.
upis.I states Ate notes io.s oats.and
SssS is sss sssSs
Total gold and currency ...si2ss6is es sl2s7s2sss
Silver dollars less outstanding - x..,o.
s:s, ssss '' ssssss issis sss
Total available silver. eo9.o7Assl ss4sids7a
B.s..;. ss..s: :: 9:
ss.: above; Iss5
Ne, available. balance. soss13.s7o ssS.asO.Ns
supplementary TO tho general statement sposo,
the following gives the particuiss OF sG'u ~ ot
tenders and silver In tho Treasury sn9 ,n1 w ~
atanding certificates as Of January y. 1851 Ds'
cember 81, 1887. and January 81, 1855
GOLD
on hsnd cortncstea Net god.
"a, q, ,sa7 as7a iS0Iee SiOo. lo7 Sl6e.<Ieee2
i P.a S sslsS
LEGAL raaDxRA
Notcs Outstanding
an Aaud csrttnsatsa Net nataa
ian e. iss1.: s ss9Sssss ssssSSS isss&s:s
J IsS a. isss..... ssssoso0 l0.otaooO is0iS.iss
Jan. 81 Doc. 81. Jan. 81.
Dollars on hand. ..uosssss7ss sa,sSiisss saasSiSsso