New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-12-10
LEGISLATION RECOMMENDED.

In the last report OF the secretary OF the Treasury
attention was directed the large stock of subsidiary
silver coins in the Treasury which, through abrasion or
mutation unfit for circulation, or else OF denom-
nations for which there popular demand, and it
was recommended that authority 10 granted to rcoin
this uncurrent coin into coins, and 10 reimburse
the Treasury for the metal incident 10 such re
coinage from the large profits which have been made
by the Government the manufacture and Issue OF
v,s coins of nominal value in excess OF the cost Of
such provision was inserted by the House Of Repre-
sentaves in the SuDdTy Civil Appropriation bill for the
the senate, and IN lieu thereof, appropriation OF
Sl5O.O0O was made for such recoinage . VI.
uncurIent silver coins III the Treasury has been cc0lned
into dimes and quarterdoiars and such feconaSe Is
This beneficial results Of this reconage are shown by
the fact that the amount Of subsidiary silver CON IN
the Treasury the commencement OF the last hscal
year. all of which was clasSed "a All unavailable
asset" e05225, while the amount in me IIeas
s 81 eS a. .s saG p'e'''' '''H' =
In view Of the importance OF relieving the Treasury
of this incubus OF ucuiren coins, well 10 pro
vide change money In all attractive frn renew the
recommendation of my predecessor that authority be
given to reimburse tl1 Treasurer the loss of metal
incident the reconage OF uncurent silver coins IN e
annt animal approprafon for Iecoinage be made
r. however. this should not meet with favor al the
hands Of Congress / most urgently recommend an i'm
mediate appropriation Of 100000 for continuing tile
reconage Of uncu rent silver c ns in the Treasury
NATIONAL BANKS.
During the year ending October 81, 1891, there
were organized 1913 associations, with capital aggre
eating 500 100000 During the same period Al
associations went into voluntary liquidation and 20
became nsolvent. Net gain for twelve months, 1T
banks. with capital OF Sl2,5j3oOo. OF the number
Of banks closed have been reopened for business
The number of banks in op ration october 81, ls9i
was 1904 having in capital stock $4s .o9'ooo ponds
deposited TO secure circulation, Slo2 l3,o1O Danh
notes outstanding S17l,36o,04e. including S3o'45O
721 represented ny lawful money uep0slId dor tneir
redemption. Their gross circulation. including notes
of gold banks and those of failed and nqudated as
sociatons has decreased 1871 ,O55 during the year.
while that secured by pledge OF bonds has Increased
gil ,79JlOl. - =, ,,.,a, to,-.
The domestic exchange drawn by National banks
for the year ending June 80, loDl Is stated at Sl2
ESQ or 49J an increase over tn preceding year Of
more than. IL per cent. ,, ,,,. A., ,,,,,.,
The LsT report condition exhibits the liabilities
and resources OF the banks on September 20, le9l
Al that .677 associations reported an aggregate
cantaI Of SG77 APO $40; surplus, S227 5764s6, and
undivided profits. SlO3,254 GA. The gross deposits
cinJinc amounts due 10 banks. stat at -, 039
!, ~ Is l.. and luans and discounts at al ,9s0
AKA go am Increase In both items over any pre-