The herald., 1896-10-05
FINANCIAL INSTITUTIONS
Report Quantity and Kind Of Money
on Hand
The Clearing House Returns Indicate
That Eight Per Cent of Busi-
ness Is Settled In Cash.
Associated Press Special Wire

of all kinds of money held by the bank
ing institutions of the country on July l.
The number of banking houses and
trust companies inquired of were IL, 1852,
and of II clearing houses, covering all
such institutions in every state and ter
ritory and the District of Columbia, re-
ports were received from 572s banks and
trust companies and 66 clearing house
institutions. This information, although
incomplete, is, the comptroller says, of
such a character as to enable fair and
correct results from all to be approx,
mated. .
OF the 5723 reports received, 345S were
Of national banks, s1494 state banks, 457
savings banks, 2S0 private banks and S4
loan and trust companies. The total
amount of cash in S573 institutions re-
porting was $413, 3,124,s49 1t is divided as
follows: Gold coins, s1S4, OF, ,ooS; gold GER
tificates, $55.4S1, ,33s; silver dollars, Ss,-
| 54,612; fractional silver, $1,S99,O73; sill
yer certificates, s39, ,663, ,596; treasury
notes Qs9O), $13, 3,126,01S; United States
notes. Sic, 0,469, 1866; currency certificates,
| $40, ,S5s, 900; national bank notes, S23, 1885,
| S34. OF this, BASS national banks report
ing held $685. ia, GIG, and the 2265 state,
etc., SIT, ,950,233 The amount of gold coin
and gold certificates held by these ma
tional banks was 155,07s,6O4, and by
these state, etc., $S4, ,4S4,S37. In this con-
nection it may be stated that the total
number of national banks, 36s9, held on
July IA, the date of the last official call,
1851 .65S. .4s5 cash, of which amount there
was in gold coin and gold certificates
$161, 1858, $50.
The total cash and the part thereof Of
gold and gold certificates held by report
ing banks in each geographical division
is as follows: New England states, to-
tai cash, $35, ,6S9,272, amount of gold and
gold certificates, $15,403,7 1858; eastern
states, total cash, s213, ,129, 500, amount of
gold and gold certificates, $SS,5So, 1873;
southern states, total cash, $29,O06,6O1;
amount of gold and gold certificates,
s99. .55S, 1888; western states, total cash,
s1O9, ,5S4,645 amount of gold and gold GER
tificates, s56, ,427; Pacific states and
territories, total cash, 1854, 1852, amount
of gold and gold certificates, $19,6O5,S3o;
total, $413, ,124,S49; total amount of gold
and gold certificates, $1S9,5bS.34l.
A comparison of the money holdings
of these geographical districts shows
that the 329 reporting banks in New
England states held but $6,602,6n more
total cash and $5,S455S5 more Of gold
and gold certificates than the GIG report
ing banks in the southern states; the
1875 banks in the eastern states held
$103, ,544, 1924 more total cash and S32, 169,-
FOG more Of gold and gold certificates
than the 2434 banks in the western states;
the 676 banks in the southern states $3,-
451, ,S41 more total cash and $10,047 SAT
less gold and gold certificates than the
500 banks in the Pacific states; the S29
banks in the New England states $10,-
O54,51O more cash and s4022, ,O62 less gold
and gold certificates than the 500 banks
in the Pacific states and territories.
From reports received and other in
formation available, the comptroller
finds the total gold certificate holdings
of the banks of the country on July 1st
was 1902, 793, 367. Including the free gold
in the treasury at that time, he finds
that available gold and gold certificates
in the banks Of free gold and in the treas
ury on or about July 1st, was s404, AL, ,470.
Today, the comptroller adds, it is larger
as the free gold in the treasury stands
at 23,755,226
The returns from the sixty-six of the
seventy-eight clearing house associa-
tions of the country show that on July
1st the total clearings amounted to
1927, ,953, ,464. The balances of these clear
ings settled in cash or cash exchanges
was but $19,152s34, or but little more
than eight per cent of the whole. OF the
balances settled, $1,325,015 were in gold,
$265,000 in gold certificates, $3,451 761 in
United States notes, and the remainder
in other form of money and commercial
exchange.
CARLISLE ON CURRENCY
LOUISVILLE, KY, Oct. Ain reply
to a letter from the Courier Journal to
Secretary Carlisle, asking for informa-
ton concerning the coinage of silver,
Secretary Carlisle replies in part as
follows:
From January1 1896, to September 80,
1896, standard silver dollars have been
coined at the mints of the UnNed States
to the amount of $13,592192. Since No
vember l, 1893, the date of the repeal of
the purchasing clause of the so-called
Sherman act standard silver dollars
have been coined in the United States
to the amount of 1858, ,491, or more than
twice as much as was coined during the
whole period of our history prior to 1878.
The coinage of standard silver dollars
Is going on every day at our mints, and
during the last month it amounted to
81, 100000. About the same amount will
be coined during the present month.
The seigniorage which has been added to
the circulation on account of the coin
age since November 1, 1893, is about
$5,700,O00, and the seigniorage or gain
in the coinage of last month was about
100000.
The coinage is being done under au-
thority conferred upon. the secretary
of the treasury by the third section of
TIE act of July Ia, 1890, which provides:
''That the secretary of the treasury shall
each month coin 1000, 900 ounces of silver
bullion purchased under the provisions
of this act into standard silver dollars
until the 1st day Of July, 1891, cad after
that time he shall coin of the silver bull
lion purchased under the provisions of
this act, as much as may be NECESSARY
to provide for the redemptktl of the
treasury notes provided for herein, and
any gain or seigniorage arising from
such coinage shall be accounted for and
paid into the treasury"