The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-11-06

10.1spe cent, OF the receipts. amounting to
s2,oid. 100. 5s7. and given for, 11.s3 psr cent.
e the ,s to amSSntttas s
aasSS5ts ssSy'd Of 'ss s
.Sdns p Sept foS 3d. gold ior@sS per cent 81
the receipts and $50 per cent o. the distqrse.
ments For tyepty.one yenrs there has been
Suls'nn ' From on Jun. &c. ISIS
the figures ascend with rare recessions. hut
June 80, 1897 when the circulation OF gold
wa. s5ln i490I5 by IN: cl1se q ,hc ensuing ne
Ju uy "G s to- g TSs general s.a T
20. 1888 and 1866 .5S3. O55 on June30. 1899.
INCREASE OF GOLD RESERVE.
While disbnr:emsG, o. gold have be- been so 50
both 10 sro.s s%qSnt and n net exces" over
maximum Is found in September, 1889; at
s rh !as Of he sas
Treasury was s2O2. s25.o4o. and the ne, slg5,-
% 5a Thea $50 gnr.s rose b rHf 80 iS%
eros. Sra 5,ags, SCI sF' net Sept, 30. 1sso
Tss:s Il IF. sk O an al
Oct / 1 the ssimntsd amount p gold in
nsr cent OF tho United States notes and
Treasury notes outstanding.
would make 1t easy to establish a permanent
and adequate gold .eserys, H. POINTS out that
While The nor reserve OF sioOoo09Oo has several
necessity. the trust funds sct apart Tor ape
clac object; a. tho golipled0ed for gold certln-
Gates. have always been kept intact. fund Of
Sl50.OOO,O 900 devoted by law to the purpose,
in gold should not be- pa I'e out n again es"er
for gold. would be self-sustsinine. and would
prove a perpetual guarantee OF safety
CALL FOR MORE MONEY.
With reference to the appeals for notes and
certificates which the Treasury has had TO re-
fuse. because had already gone to the limit
OF its powers. Mr.. Robert, poin:,, ont TINT the
ssiS.G2t 4is to their cifculSfion, 'oi ,hisa.
saa Sp" SSess nT rom Sy bo,6 S Of vG KICK
hs hat Ss sr 0S :.' are S the
i..us additional notes to III. amount ut" o. SIS.
upon the banks. but Iuts II to them whether
their sphere ends with cont. per cent. or in-
wolves also an obligation Of service to the COM
o. Aug, 2, 1899. was resumed the issue of
gold certificates. after an elmos, nnlnter-
to $50. 5s7.3la. by the end OF October this
Within this, period the Treasury paid out
Sl56052. $40 Of the certificates. OF which sSS.-
%2?1o wsrs 9r Ssn ard sGs $40
O22.25O were returned TO the Treasury In [ he
receipts. The rapidity OF tho outgo 10 nota bic.
az vol a. the proportion OF the denominations
AZ relief to the money market the payment
Of the interest due on nov ]. amounting TO
$+363. pa. was ANTICIPATED The coupons were
received on and after the 10Th and the checks
for rsgi9tered interest were mailed on the 23d
and 25th
There were unusually heavy movements OF
bonds deposited by national banks, and an
additional trust arose out OF the sale OF the
Central Pacific Railroad. the purchaser OF
81, nich dep9sstedn p nroomissory notes Tor sos
Four Of the notes. representing one-nth OF the
total. have been paid.
Although there was an increase OF sl3.0oo.-
600 in the volume OF national bank notes out
standing, the redcmntions at the Treasury
were less by $4,000 than the year preced-
ing. Deposits amounting TO S23.G@01B were
made for the retirement OF notes. and the bal
nnce OF this fund In the Treasury was IN
creased from 30.4o3.147 to 1851. 3S1.
The cost ~ maintaining the redemption sys-
tom. including the charges paid for trnnsporta-
ton. was 1921 POI. which sum has hecn as
sessed upon the banks at the rate OF 81 1851
for each 81 900 redeemed.