St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-12-10

notes and fractional currency
to Nov. l, 1891. 2O,911. 1863 90
Redemption of same items dur
ing remainder OF year. 4,25A500 90
Total ........... ........... SAL 165, 663 90
Cash balance available June
30.ls92. Observation-Disclosures 139, rs, Jas SO
Public Moneys.
The monetary transactions of the gov
eminent have been conducted through
the treasurer of the United States, min e
subtreasury officers, and 2l3 national
bank depoSltaries. The number of such
depositaries on Nov. l, 1891, was 1S3,
and the amount of public moneys held
by them on that date, including those to
credit of the treaSurer's general account
and United States diSbursing officers,
was $50, 1G6, S76.92, "a reduction since
Nov. l, 1890, i'll number of twenty-one,
and in amount of holdings of $780,,
S10.76.
Coinage.
The coinage of the minis during the
last fiscal year was the largest in the
history of the mint in this country, az
gregating 1881, ST. pieces, valued as
follows:
Gold Observation-Disclosures. SAL 202 so
Silver dollars. ............. 81. 223322 ,S02 90
subsidiary silver. 2039,21S IS
Minor coins. ........... ], 1Be, $50 so
Total. $685. II, 159 IS
The number of silver dollars coined
during the fiscal year from bullion pur-
chased under the act of 1878 was $780,
327; from bullion purchased under the
act OF July Il. 1890, 27,292.415: and from
trade-dOllar bullion, POO, 600, total of
81. 232. 1902 silver dollars, upon which the
seigniorage, or profit, was IS. 221. 3333 AZ.
The profit on the subsidiary silver coin
age of the year was So. 434 AS, a total
seigniOrage f $6,313, 1870:
Free OF Silver.
The price OF silver fiuctuated during
the last fiscal year from 80 964 to S1.2l
per fine ounce, variation OF nearly %
cents an ounce. At the commencement
Of the fiscal year the price i'll New York
was sl.05 per ounce; by July "A, 1890,
the date OF the passage of the new silver
law, the price had advanced to Sl.06 per
| ounce, and by Aug. Is, the date the new
! silver law was to take effect, to ST.
per ounce. The highest price reached
IN New York was on Aug. 10. 1890
S1.21 per fine ounce. In September a
decline commenced. extending to the
end OF the calendar year. when the
price had touched $1.0415. The closing
| price, June 30, 1891, was S1.01H per fine
| ounce. The price at this date-NoV. l,
lS91-iS SO96. The average price of
silver during the year. based upon Lon
don quotations, was S1.045 a fine ounce,
and upon New York quotations, S1.O53
fine ounce, an average difference of
nearly l cent an ounce. The exports of
silver from London to India during the
| first nine months of the present calen-
dor .lN~, FL a
| $50. over 80 per cent as compared with
| the same months for the previous year.
Nati0nl Banks.
The report of the comptroller of the
currency gives full information in rela-
ton to the organization, supervision
and liquidation OF national banks dur
ing the year ending Oct. 81, 1891. In
this period 1913 associations were organ
lied, with capital aggregating $50, 7OO,-
! 600, thus exhibiting growth Of the ma
| tIonai system largely iii excess of the
| annual average for past years. During
the same period IL associations went
into voluntary liquidation and % De
came inSOlVent, leaving as a net gain
for the twelve month 127 banks, with q
capital of $685. 600. The admins
tration by the comptroller of
the affairs of suspended banks
has been characterized by a
wise regard to the interests of all
concerned; and OF the number of banks
| closed during the year, seven have been
reOpened for business, their Solvency
| having been restored by the voluntary
contribution Of funds by the stOckhOld-
ers. The number of banks in operation
Oct. 81, 1891. was 1864, having in capt.
tai stock S6S4, 155, S65; bonds deposited
to secure circulation, Sl52, liz, $50; bank
notes outstanding, Sl7l.36S, 94S, includ-
ing $50, $50, 121 represented by lawful
money deposited for their redemption
Their gross circulation, including notes
of gold banks and those of failed
and iQuidated associations, has
decreased S1,571 .0S5 during the
year, while that secured by pledge
of bonds has increasd l1.795, l01.
The domestic exchange drawn by ma
tional banks for the year ending June
so, 1891, IS stated at Sl2. 7S2, 212, 495, an
increase over the preceding year of
! more than II per cent. The last report
of condition exhibits the liabilities and
resources OF the banks on Sept. %, 1891.
At that date 3,G7T associations reported
an aggregate capital of S677, 42G. SO:
| surplus, 1927 $40, 49,, and undivided
| profits, $l03, 2S4G7f The gross deposits,
including amounts due to banks, are
! SIdlcC az E@,toJ. iSU, lSS. II. ana loans ana
discounts at S1.9S9, 354 $50, an increase
in both Items over any previous
Gate. These banks held STA, 9U7,-
/ $50 in United States bonds, of
! which Sl5O,O35, 600 were to secure
circulating notes; also S1S3, 5I5. 076
IN specie. S9j.615,6GS in legal tender
! notes, and SI5, 10000 in United States
| certificates of deposit OF the new as
| sOciatiOns, ninety-nine are located west
Of tine Mississippi river and tifty-nine in
the Southern states. the present has
| been more disastrous than any former
! year as to the number of failures, but
/ not as to the amount OF capital and liza
| bilities involved.
Tariff and Customs administration.
At my request the chief of the bureau
| OF statistics has prepared special re-
| port on our foreign commerce for COM
paratiye periods under the old and new
tariffs. which furnishes striking ex-