The times. [volume] (Richmond, Va.) 1890-1903, 1891-08-27
CENSUS OFFICE CORRECTED.
Lctins Superintendent Replies to The Con.
tradictiOn Of His Figures.
UNCLE SANS FINANCIAL CONDITION
Secretary Foster Says There Is Money
Enough In the Treasury to Meet All
the Observation-Disclosures Notes.

WASHINGTON, d. G.. August 2e.-The ntten-
tion Of the Acting Superintendent of the Cen
aus was called to-day 10 the dispatch from
Charleston, 5. c.. stating that there was no
foundation for the figures given in the bulio-
tin issued 10y the Census Bureau last Wodnes-
day showing the value OF real and personal
property If that State.
The bulletin" no said. shows precisely
the valuation Of real estate and personal
property for that year AS reported TO this
Office by the several counties o. tho State anl
as published by the Comptroller. 10
seems, however. from tie report of
total taxable property Of TIE Siato for
1870 there is included an ed tional
sum Of <li 905,9l3, value Of railway property
which is not classed as Toal or personal
property in the bulletin. the comfy reports
or the report Of the Comptroller. Only few
states give any valuation 70 railroad property
for taxation purposes and 10 Is not the inten-
tion OF the Census Office 10 include any such
values as part OF the assessed valuation of real
or personal property of the country The
value OF railroad property will be separately
considered for all the States
THE TREASURY FINANCLs.
The amount OF A. per cent. bonds contin-
ued az per cent. to date is S2i. .38S .IJ0. and
secretary Foster says that It was his impress
sion that the amount would run over $50 0OO 600
before the transaction closes. If bis expecta-
tous are realized there will be less than
sDO00,0O0 Of the Al per cent loan sub
let 70 redemption after September 2d
tine INIT within which it must be pre-
sented for continuance. Secretary Fos-
Ter SAYS that there will be no difficulty
whatever IN meeting this payment, OF a
larger one If necessary, without recourse 70
the One-hundred- ed-milhOn-dollar gold reserve
aud the cit 600 600 on deposit with National
banks. The Secretary said that including%49.-
00O.00), representing disbursing officers bal
ances, outstanding checks, the National
bank redemption fund, Gc.. there is
an available balance of slO5OOO,OOO, ex-
elusive Of the gold reserve" of &100.-
100000, and he regarded that IS ample
70 meet all current obligations OF the Govern
ment. The bonds he added, are of course re-
deemable in gold. If demanded, and there is
over $4,000 900 Of that com in the Treasury. in
addition 70 the gold reserve" All amount Ia
itself more than sufficient 10 redeem oil the419
per cents that will be outstanding September
I'd The Secretary said also that he regarded
the amount of public funds IN the handsof dis
bursing officers as greatly in excess Oftbe needs
OF the service, and that he was considering q
plan whereby il may be greatly reduced
There is now, he said. balance OF 1886 900 600
ia the hands OF these officers, for consider
able portion Of which there IS no immediate
need, and il is has opinion that this amount
could be reduced to about $50 900 600 and
maintained at that figure without embarrass-
ment to public business
THE BANK MAY BEsUslE BUSINESS
Bank Examiner Campbell. in report 10
Acting Comptroller Nixon, says the present
Indications are that the Farley National Bank
Of Montgomery. Ala. wl.ica closed is doors
a few DAYS ago. will resume business. The
depositors. and stockholders, he thinks
viii not lose cent. At the Treas
ury department the Farley bank is said
TO have had too much money on hand t.
make money. 10 does not owe cent has no
bad debts excepting the one that closed IT,
and was in all respects a model bank. Its
surplus was about $1,000 The bank had
been in the habit Of cashing drafts for tho
Alabama Terminal Railroad Company and tho
last draft Of sl09. 100 was not paid when pre-
sented in New York. Even should the bank
lose this large amount it is represented as
solvent.