New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-03
VALUES GENERALLY HARDEN
STRONGER AGAINST ACK.


SHOWS AN ADDITION TO THE LEGAL
MONEY IN GENERAL CIRCULATION
OF OVER Sl,5OO,0oo.
Sunday, Nov. 2p. m.
The monthly Treasury statement shows Tor the
month of October that the receipts pnciudihe
deposits for redemption of surrendered NATIONAL
bank notes $99S,720) aggregated S4o,2io'o'4'
against $32, 402, 601 for the month OF OCTOBER,
1889, not including deposits for redemption OF
National bank notes. Leaving the deposits out
the increase on the month of last year Is nearly
81, 1000, 900. The increase from custom recelpts
alone was 100000 and from internal revenue
81 400, 900, while the miscellaneous receipts,
which include seignorage ON coinage, were re-
duced $500. 900 For the four months ended
October 81 the receipts including deposits for re-
demption of National bank notes, were $l54,627,-
145, against $l32, 029, 004 In the four months OF
1850 without the deposits. Leaving the deposits
out the increase for the four months was
$4,000, 900. of which the customs contributed
$4,000 900, the internal revenue 900,
while the miscellaneous fell of 81 100000.
The expenditures for the month of October this
year exclusive of the par value of purchased bonds
were S3s 036 ,664, against S2s, 79s in October,
1859. And for the four months of the year they
were Sl46,l59,266, against Sl24 1896, $40 for the
four months of 1859 But the periods of this
wear include redemption of National bank notes Of
So 20272s and S6,073 ,92S respectively. So, COM
pared upon the same basis the expenditures for the
month Of this year were S7,s00,000 greater and
for the four months S15,S00,000 greater than
for the respective periods Of 1859.
The general public debt statement shows re-
duction in the debt, less cash in the Treasury,
during the month of October of S3,66s,0l3. But
The principal of the funded debt was reouceu
S7,e56,922.
The Treasurer's report Of assets and haDlh'ieS
as of October 81 compared with that OF oep'eni-
Der 80 is printed below in condensed lorii'
IL shows that the cash held in treasury Vaui''
over and above outstanding certhcates anu nc"
legal-tender notes was increased from SH,'oo'.
652 on September 80 TO $7s,333, 941-a gam Vi
Sc 403. 295. But in the meantime the Treasury
issued new legal-tender notes In payment loi
silver purchased under the law of 1890, S5,oS''-
GAO. hence by the Treasury's months operations,
which included extraordinary custom receipts,
fastened to avoid the higher duties OF the ne"
tariff. the amount of legal money added 10 genera
circulation was 81 1886. Its total aePoello
in National banks were S259,424 less tlan SepEnl Gun
Der so. The amount OF suGn Deposits ~ iaoU
statement was 500, 937, 6S7. The Treasury having
realized the stupidity of more than one OF l.s
critics. for the first time gives In tne pieSonU
follows: General account $25,41O,624. disbursing
officers balances S4527,063, making the uota.
deposits $50 ,937,6s as given In the stalenicH.
below Cash in Treasury vaults ana on DEPOSIT
Win National banks gives an available surplus
on October 81 of S4s,476,571. or that surplus
nearly $300O0,OO0 being now a deposit Will
the National banks, and therefore In genera
circulation, there remains G Se6 6@n up its ne
surplus But to agree with the Congressional
regulation there is TO be added Sl9,'2s,l9e lor
fractional silver, minor coins ana lra S ,ha
currency, all of which is unavailable Tor Ile
payment of either public or private debts exceed
ing an amount of five dollars. -.
Made up on the same basis as was the state
ment a year ago, the surplus DalahGe now .d -
So 90 900 greater than it was then. The actual
net cash in the Treasury is Si3,00O,OOO less
than il was a wear ago, the additions OF gold
and silver money for the year amouh'eu 10
over S55 600, 900 making the total general crcuia
ton of legal money SOS, 10000 greater Clai ~
was on October ST. 1889. No. A., o,
In the statement Of September 80 there wus
charged TO liabilities S12,559,323. the amount %: ol
interest for which the Treasury was n pts Or n
July /. 1901 That liability ceased on Octoner
and the present statement only shows Liability
for that account of S1,767 ,631 <erefore the r:ai
surplus of the Treasury instead Vi showing an IN
crease from September so of S9,40O,Ooo shows
small decrease. , o..o .,
The Controllers statement as OF Octoper -
shows that for the month the redemption OF VA
tional bank notes exceeded the new issues by ~
lI4l49 that there was decrease IN the depo'lt
of United States bonds TO secure bank note clrcu-
lation of 81 "A, 900, and net decrease IN the ue
posits of legal money for the redemption OF Daihk
notes of s. 642 562 The decrease in the amount
of National bank notes in circulation for the last
twelve months is 800, 245,s47, which stands
against the sos 100000 expansion OF legal money
as shown above. The following statements are
condensatjons and comparisons OF the oi1iclal re-
TRFASlTRER'S STATEMENT.