New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-07-03

The IREASOKEhO 81 DMENi'
The Treasurer's statement of assets and llabih-
ties as of June 80 shows surplus balance OF
s71,4s4,O43, against surplus OF s5S,119,672
May 81 and s1O3, 22O,465 June 80, 1888. And
vet its actual cash balances ia vaults over out
standing certificates at the end of June were
81 800. 900 less than at the end Of May, and its
deposits in National banks were S33O,OOO less
total reduction in cash balance, S2,26O, 900. Ing
trust liabilities, for redemption OF surrendered
National bank notes. undistributed assets oil failed
banks, the per cent redemptlOns fund, ETC., were
g. 500, 900 less than at the end OF May and ac-
cumuatcd interest and audited DIS were 81
500 600 less total reduction of liabilities, 81 -
100000. Hence the gain 10 the surplus OF
$4,000, 900 in the month Of June.
Compared with the condition of June 30, 1888,
the net balances in the Treasury vaults over out,
standing certificates June 80, 1889, were OF
gold, s7l54, 6S7 less; of !egaltendcr notes,
Ss382,ll9 less: and OF silver dollars and bullion,
S2l, 525,935; total reduction, s37,O62 74l. Add
to that sum years coinage Of standard
dolars-say $4,000, 000-and 81, 062,741 is the
sum of legal money added to the present
circulation in the last twelve months by Treasury
operations From this sum is to be deducted the
net exports of gold during that period-say
$4,000, COOLIES the cOuntfys product of about
$4,000, o00-balance, 81 6, 100000, TO which add
81 O,00000O consumed in the arts total deduction,
S260OO,00O from 81, O62, TAI, leaving $40, 000-
600 more legal money in circulation than there was
year ago. Against this there has been con-
traction in the circulation Of non-egal-tender
bank notes of S27,4O4, 22O. AS the banking sys-
TEN of the country extends the uses Of on-lega-
tender currency contract-chocks and bills Of
exchange supplying the methods OF interchange
Of commerce. The expansion of Sal, 900, 600 legal
money is so much additional reserves to the banks
for loans and exchange, while The contraction Of
s274O4 ,220 surrendered bank notes is more than
supplied by the extension Of banking facilities
The bank note circulation is surrendered because
it is not profitable to the banks. The reduction
in the New York bank circulation during the last
year is from S7,627500 TO s., 047,5 00-S3, ESQ.,
100, or nearly so per cent while the reduction
only little over IL per cent. But the Treasury
holds S78,07O,924 OF legal money for the re-
dempton Of surrendered circulation not yet pre-
scnted for redemption. AS these non-legal-tender
notes 60 into the Treasury for redemption like
amount of legal money-bank reserves-comes out.
ASSETS AND LIABILITIES.
The following compares the Treasurer's statements Of
May 81 and June 30 1889:
IIADILITIES.
Trust Funds.
May 81 $50. June 80 $50.
Deposits for redemption OF
notes 81 National banks
failed. IN LIQUIDATION and TO ..o o..,oo
ducng circula don. ........ s91 o9o o9i B9S
''t 6Smption fund q National ,
pistric. Of Columbia deposits
Tor payment Of interest etc 7Oloo eioeO
Total Of trust liabilities. ss7754.es1 ss4.9OS,5so
General Liabilities
R 1@s,s:i qSs ;. saa das5 81 S5
I'D debt, less amount paid 175l5s0 14l2s0l
AeG roaS Bonds bonds. 102s9O7 194o 90
Postofice Departments &c o- o, oo-
nj s eSuns ciccrs' balances s7IooS6 1908 800
Treasury transfer checks aud .s,oo os,..
drafts outstanding fooels2 2ssslSs